According to the report by Expert Market Research (EMR), the South Korea tuna fish market size is projected to grow at a CAGR of 2.7% between 2024 and 2032. Aided by growing environmental consciousness and expansion of tuna aquaculture farming, the market is expected to grow significantly by 2032.
Tuna, a saltwater fish, has solidified its status as a staple in South Korean cuisine. From traditional dishes, such as “chamchi kimbap” (tuna roll) and “chamchi jjigae” (tuna stew), to its famed presence in sushi bars, tuna holds a coveted place in South Korean dining tables. Beyond culinary realms, the health benefits of tuna, rich in omega-3 fatty acids, proteins, and essential vitamins, bolster its widespread consumption.
An influential South Korea tuna fish market trend is the population’s escalating demand for protein-centric diets. As global and local awareness around the merits of seafood intake, particularly fatty fish like tuna, for cardiovascular health and overall wellbeing increases, more South Koreans are incorporating tuna into their meals. This shift is further augmented by the country’s robust fitness and wellness movement, where tuna is heralded for its lean protein content.
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Moreover, South Korea’s status as a coastal country grants it an advantageous position in South Korea tuna fish market outlook. Its thriving fishing industry, complemented by advanced aquaculture practices, ensures a consistent supply of high-quality tuna. Notably, the country is also investing in sustainable fishing methods to meet international standards and to preserve marine biodiversity.
The industrial applications of tuna in South Korea are notably vast. The canned tuna sector, for instance, has witnessed a considerable surge, with local brands making significant inroads into both domestic and international markets. The South Korea tuna fish market expansion is coupled with the growing demand for ready-to-eat and conveniently packaged seafood products among the urban populace and the younger generation, given their fast-paced lifestyles.
Tuna also graces the beauty and pharmaceutical industries of South Korea. Omega-3 extracts from tuna are being increasingly incorporated in skincare products due to their anti-inflammatory and hydrating properties. Additionally, tuna oil capsules, recognised for their health benefits, have found a growing consumer base.
To support further South Korea tuna fish market growth there’s a growing emphasis on sustainable fishing practices and international collaborations which ensures the conservation of tuna stocks. The Korean government, in tandem with fishing corporations, is actively investing in research to understand the long-term impacts of overfishing and climate change on tuna availability.
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South Korea Tuna Fish Market Segmentation
The market can be divided based on species and type.
Market Breakup by Species
- Yellowfin Tuna
- Skipjack Tuna
- Bigeye Tuna
- Others
Market Breakup by Type
- Fresh
- Canned
- Frozen
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the South Korea tuna fish market. Some of the major players explored in the report by Expert Market Research are as follows:
- Dongwon Group
- SILLA CO., LTD
- OTTOGI CORPORATION., Ltd
- Sajo Group
- ITOCHU Corporation
- Others
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