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Global Canned Tuna Market to reach USD 12.37 billion by 2028

Global Canned Tuna Market Size study, by Product (Skipjack, Yellowfin, Others) by Distribution Channel (Hypermarket & Supermarket, Specialty Stores, Online) and Regional Forecasts 2022-2028

Product Code: OIRFB-94750288
Publish Date: 12-07-2022
Page: 200

Global Canned Tuna Market is valued approximately USD 8.97 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.7% over the forecast period 2022-2028. Canned tuna is a popular meal since it is a cheap source of protein and is available in approximately 70 countries across the world. The health advantages of eating tuna include a high dosage of vitamin B12, which is essential for DNA synthesis. Shifting customer preferences for seafood in various cuisines due to its high concentration of important proteins, vitamins, and minerals are projected to be a major driving force in the business. Furthermore, the flavour of tuna is particularly excellent and different from other fish, thus the product is in great demand all over the world. Seafood consumption has increased dramatically in recent years due to its great flavour, nutritious benefits, and lower carbon footprints when compared to other meat and beef products. Tuna, on the other hand, is one of the top five most eaten seafood foods worldwide. The tuna sector has seen a paradigm shift in recent years as a result of increased production and price rivalry, new technology, and evolving customer demand. Thailand, Ecuador, China, Indonesia, and the Philippines were the leading exporters of canned and processed tuna, according to information published by the ‘GLOBEFISH’, a product, trade, and marketing department of the FAO Fisheries and Aquaculture Department. The United States, Japan, Australia, Egypt, Saudi Arabia, and European nations, on the other hand, were the leading importers of canned and processed tuna. According to ‘GLOBEFISH’ figures, Saudi Arabia had a 23.3 percent increase while Egypt saw a 15.0 percent increase in canned and processed tuna imports in 2019 compared to the previous year. European nations and the United States are the major consumers of canned tuna, although Asian countries such as Japan, Australia, and South Korea are also at the top of the consumption ranking. Also, the majority of the tuna business, particularly the canned tuna sector, caters to various Asian nations due to the high quality of the fish. However, adoption of plant based and organic products impedes market expansion throughout the projection period of 2022-2028.

The key regions considered for the Global Canned Tuna Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe has emerged as the industry leader as customers increasingly prefer easy, ready-to-eat, and convenient seafood options. According to the European Market Observatory for Fisheries and Aquaculture Products (EUMOFA), tuna was the most eaten marine species in Europe in 2018. Italy, Spain, and the United Kingdom are among the region’s top canned tuna consumers. These trends are expected to drive regional market expansion throughout the projected period. In terms of revenue, the Middle East and Africa are expected to have the fastest CAGR from 2022 to 2028. New unexplored markets in the Middle East and Africa, such as Saudi Arabia and Egypt, are emerging as key marketplaces with enormous development potential.

Major market player included in this report are:
Frinsa del Noroeste S.A.
Thai Union Group PCL.
Bumble Bee Foods, LLC.
Century Pacific Food Inc.
Jealsa
Grupo Calvo
Wild Planet Foods Inc.
PT. Aneka Tuna Indonesia
American Tuna Inc.
Ocean Brands GP
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Skipjack
Yellowfin
Others
By Distribution Channel:
Hypermarket & Supermarket
Specialty Stores
Online
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Canned Tuna Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Canned Tuna Market, by Region, 2020-2028 (USD Billion)
1.2.2. Canned Tuna Market, by Product, 2020-2028 (USD Billion)
1.2.3. Canned Tuna Market, by Distribution Channel, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Canned Tuna Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Canned Tuna Market Dynamics
3.1. Canned Tuna Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Shifting consumer preferences for seafood in various cuisines.
3.1.1.2. Health benefits of Tuna as a rich source of Protein
3.1.2. Market Challenges
3.1.2.1. Adoption of plant based and organic products
3.1.3. Market Opportunities
3.1.3.1. Technological improvements in Canned Tuna
Chapter 4. Global Canned Tuna Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Canned Tuna Market, by Product
6.1. Market Snapshot
6.2. Global Canned Tuna Market by Product, Performance – Potential Analysis
6.3. Global Canned Tuna Market Estimates & Forecasts by Product 2018-2028 (USD Billion)
6.4. Canned Tuna Market, Sub Segment Analysis
6.4.1. Skipjack
6.4.2. Yellowfin
6.4.3. Others
Chapter 7. Global Canned Tuna Market, by Distribution Channel
7.1. Market Snapshot
7.2. Global Canned Tuna Market by Distribution Channel, Performance – Potential Analysis
7.3. Global Canned Tuna Market Estimates & Forecasts by Distribution Channel 2018-2028 (USD Billion)
7.4. Canned Tuna Market, Sub Segment Analysis
7.4.1. Hypermarket & Supermarket
7.4.2. Specialty Stores
7.4.3. Online
Chapter 8. Global Canned Tuna Market, Regional Analysis
8.1. Canned Tuna Market, Regional Market Snapshot
8.2. North America Canned Tuna Market
8.2.1. U.S. Canned Tuna Market
8.2.1.1. Product breakdown estimates & forecasts, 2018-2028
8.2.1.2. Distribution Channel breakdown estimates & forecasts, 2018-2028
8.2.2. Canada Canned Tuna Market
8.3. Europe Canned Tuna Market Snapshot
8.3.1. U.K. Canned Tuna Market
8.3.2. Germany Canned Tuna Market
8.3.3. France Canned Tuna Market
8.3.4. Spain Canned Tuna Market
8.3.5. Italy Canned Tuna Market
8.3.6. Rest of Europe Canned Tuna Market
8.4. Asia-Pacific Canned Tuna Market Snapshot
8.4.1. China Canned Tuna Market
8.4.2. India Canned Tuna Market
8.4.3. Japan Canned Tuna Market
8.4.4. Australia Canned Tuna Market
8.4.5. South Korea Canned Tuna Market
8.4.6. Rest of Asia Pacific Canned Tuna Market
8.5. Latin America Canned Tuna Market Snapshot
8.5.1. Brazil Canned Tuna Market
8.5.2. Mexico Canned Tuna Market
8.6. Rest of The World Canned Tuna Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Frinsa del Noroeste S.A
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Thai Union Group PCL.
9.2.3. Bumble Bee Foods, LLC.
9.2.4. Century Pacific Food Inc.
9.2.5. Jealsa
9.2.6. Grupo Calvo
9.2.7. Wild Planet Foods Inc.
9.2.8. PT. Aneka Tuna Indonesia
9.2.9. American Tuna Inc.
9.2.10. Ocean Brands GP
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

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