Canned Tuna Market is projected to grow at a CAGR of 4.27% through 2031
The key factors driving the canned tuna market
are the growing number of product launches, rising demand for packaged items,
and increasing partnerships and acquisitions among companies.
According to TechSci Research report, “Canned Tuna
Market– Global Industry Size, Share, Trends, Competition, Opportunity, and
Forecast, 2021-2031F,” The Global Canned Tuna Market will grow from
USD 21.64 Billion in 2025 to USD 27.81 Billion by 2031 at a 4.27% CAGR during
the forecast period owing to the factors such as increasing demand for
convenience food and packaged products and rising demand for seafood. A
saltwater fish related to mackerel is tuna. It is one of the most consumed fish
species in the world and comes in eight different commercial kinds, ranging in
size from the small skipjack tuna to the huge bluefin. Fresh tuna can be
consumed raw, cooked, or tinned (which is always pre-cooked). In specific to
the United Kingdom market, tuna in cans is preserved in varieties such as oil,
spring water, sunflower oil, or brine. Tuna stands out among other fish
because of its distinctive flavor, which is why it is so popular all
around the world. Due to its flavor, nutritional value, and lower carbon
footprint than other meat and beef products, fish consumption has increased
dramatically over the past few years.
The rise in health consciousness is the main driving force
behind the market's expansion for canned tuna. The market is witnessing a
significant shift in customer preferences for seafood due to its high content
of important vitamins, proteins, and minerals, which will serve as the primary
drivers for the canned tuna market globally. Additionally, the products'
lengthy shelf lives and ease of transporting them over long distances drive the
canned tuna market globally. Tuna helps to strengthen bones, increases
immunity to reduce disease risk, and speeds up metabolism to promote growth. As
more people become aware of the advantages of canned tuna, the market will grow
favorably. As producers make the product available online to the tech-savvy
millennial and gen-Z generations, the demand for canned tuna is also
rising. The market for canned tuna will also face challenges from the
rising popularity of veganism and plant-based diets as moral and
environmentally responsible choices by people who care about animals and the
environment.
The global canned tuna market is segmented based on tuna
species, flavor, distribution channel, regional distribution and competitive
landscape. Based on tuna species, the market is segmented into skipjack canned
tuna, albacore canned tuna, yellowfin canned tuna, bluefin canned tuna, and
others. Among these, the skipjack segment holds the leading share in the market
and is expected to remain dominant during the forecast period. This
species has a rich and nutrient-rich seafood experience and is easily
accessible in the market. According to Fish20.org, the majority of the Skipjack
tuna caught, or about 58.0% of the entire market, is significantly influencing
the canned tuna market.
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Tuna Market".
Based on distribution channel, the market is segmented into
supermarkets/hypermarkets, convenience stores, food specialty stores, online,
and others. Among these, the supermarkets/hypermarkets segment holds the
leading share in the market during the forecast period. Major producers
advertise their goods in physical retail establishments like supermarkets and
hypermarkets. In addition, a number of businesses are opening new physical
stores around the world to increase their consumer base.
Based on region, the market is segmented into North
America, Europe, Asia-Pacific, Middle East & Africa, and South America.
Among these, the Europe region holds the leading share in the market and is
likely to remain dominant during the forecast period due to customers' growing
preference for ready-to-eat, and practical seafood options. Some of the
biggest consumers of canned tuna in the region include Italy, Spain, and the
United Kingdom. Over the projection period, these factors are expected to
support the regional market's expansion.
Key market players operating in the Canned Tuna
market include:
- Frinsa
del Noroeste S.A.
- Thai
Union Group Public Company Limited
- Bumble
Bee Foods, LLC
- Century
Pacific Food Inc.
- Wild
Planet Foods, Inc.
- PT.
Aneka Tuna Indonesia
- American
Tuna, Inc.
- Ocean
Brands GP.
- LUIS
CALVO SANZ S.A. (Grupo Calvo)
- The
StarKist Co.
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“Healthy fatty acids, which are critical for development
and growth, are abundant in tuna. The need of meeting nutritional demands is
especially important for breastfeeding moms and pregnant women. Demand for tuna
is rising as more people adopt the trend of including nutrient-dense foods in
their diets on a daily basis to improve their health and functionality. In
addition, the rapid expansion of e-commerce platforms has reinforced the supply
chain, which is anticipated to benefit the market's revenue growth. Online
retail platforms have expanded significantly, making a variety of canned tuna
easier to access worldwide.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
“Canned Tuna Market– Global Industry Size,
Share, Trends, Competition, Opportunity, and Forecast, Segmented By Tuna
Species (Skipjack Canned Tuna, Albacore Canned Tuna, Yellowfin Canned Tuna,
Bluefin Canned Tuna, and Others), By Flavor (Lemon, Spicy, Tomato, Picante,
Clover Leaf, and Others), By Distribution Channel (Supermarkets/Hypermarkets,
Convenience Stores, Food Specialty Stores, Online, and Others), By Region
2021-2031F,” has evaluated the future growth potential
of canned tuna globally and provides statistics and information on market
structure, size, share, and future growth. The report provides cutting-edge
market intelligence and helps decision-makers to make sound investment
decisions. Besides, the report also identifies the emerging trends along with
essential drivers, challenges, and opportunities present in the market of
canned tuna globally.
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