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Global Tuna Fish Market to reach USD 51.45 billion by the end of 2030

Global Tuna Fish Market Size study & Forecast, by Species (Skipjack, Albacore, Yellowfin, Bigeye, Bluefin, Others), by Type (Canned, Fresh, Frozen) and Regional Analysis, 2023-2030

Product Code: OIRFB-16986554
Publish Date: 15-11-2023
Page: 200

Global Tuna Fish Market is valued at approximately USD 41.06 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 2.86% over the forecast period 2023-2030. Tuna Fish is a highly sought-after and commercially valuable fish in the global fishing market. People like to enjoy Tuna Fish as freshly cooked, frozen, canned, and also as sushi dish. The Tuna Fish market is expanding due to the increasing consumption rate of canned tuna which is convenient to store and easy-to-ship. However, the high cost of Tuna could hinder market growth.

Consumers are becoming more aware of the health benefits of consuming seafood, including lower risk of heart disease and improved brain function, leading to increased demand for tuna. As global seafood consumption continues to rise, the demand for tuna is also increasing. Tuna is a global market. According to the report published by Developpement Durable & Relations Internationales (IDDRI), in 2018 Tuna consumption was estimated at 0.45 kg per capita per year, globally which represents 2.2% of global fish consumption. Moreover, sustainable and responsible fishing practices are becoming more crucial in the tuna market. Brands and companies that can demonstrate a commitment to sustainable sourcing and environmentally friendly fishing methods have a competitive advantage. However, the adoption of vegan and vegetarian eating habits stifles the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Tuna Fish Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022 due to the high per capita fish and seafood consumption and the presence of a well-organized seafood industry. Shoppers in the region are opting for healthy and functional foods that offer numerous health benefits for those with a hectic and active lifestyle. The Asia Pacific region is expected to experience significant growth during the forecast period. This growth can be attributed to the increasing population in countries such as India and China, coupled with rising per capita incomes, which have led to a higher demand for protein-rich foods like tuna. As a result, the seafood and aquaculture production and processing industries in Asia are expanding at a rapid pace due to the increased adoption of animal protein. According to the European Market Observatory for Fisheries and Aquaculture Products report from 2022, China accounts for over 80% of the aquaculture production in Asia, with Indonesia close to 70%, and India and Vietnam close to 60%.

Major market player included in this report are:
Bolton Group
Century Pacific Foods Inc. (CNPF)
The Jealsa Rianxeira S.AU. Group
Grupo Albacore S.A.
ITOCHU Corporation
Thai Union Group PCL
Dongwon Industries, Ltd.
Ireland Blyth Ltd. (IBL)
FCF Co. Ltd.
Sea Delight, LLC

Recent Developments in the Market:
Ø In January 2023, Next Tuna, a Tuna fish farming startup, announced its partnership with Skretting, a manufacturer of feeds for farmed fish, to create dry feeds for Atlantic Bluefin tuna fish.
Ø In August 2021 – Mind Fish Co., a seafood company, launched the Fair Trade Certified canned tuna product in the U.S. market. With the launch, consumers can have a clear conscience about sustainability and its positive impact on society.
Ø In April 2022, Bolton Groups Rio Mare launched a new range of pesto products that are rich in tuna, made with top-quality ingredients, and feature an all-Italian flavour.

Global Tuna Fish Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Species, Type, Type, Distribution Channel, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

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 years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential 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 Species:

By Type:

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Tuna Fish Market, by Region, 2020-2030 (USD Billion)
1.2.2. Tuna Fish Market, by Species, 2020-2030 (USD Billion)
1.2.3. Tuna Fish Market, by Type, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Tuna Fish Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Tuna Fish Market Dynamics
3.1. Tuna Fish Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing demand for canned Tuna for its long shelf-life Rising consumption of animal protein
3.1.2. Market Challenges High Cost of Tuna Fish Consumers shifting towards plant-based protein
3.1.3. Market Opportunities Rising seafood consumption Sustainable fishing practices
Chapter 4. Global Tuna Fish 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
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Tuna Fish Market, by Species
5.1. Market Snapshot
5.2. Global Tuna Fish Market by Species, Performance – Potential Analysis
5.3. Global Tuna Fish Market Estimates & Forecasts by Species 2020-2030 (USD Billion)
5.4. Tuna Fish Market, Sub Segment Analysis
5.4.1. Skipjack
5.4.2. Albacore
5.4.3. Yellowfin
5.4.4. Bigeye
5.4.5. Bluefin
5.4.6. Others
Chapter 6. Global Tuna Fish Market, by Type
6.1. Market Snapshot
6.2. Global Tuna Fish Market by Type, Performance – Potential Analysis
6.3. Global Tuna Fish Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
6.4. Tuna Fish Market, Sub Segment Analysis
6.4.1. Canned
6.4.2. Fresh
6.4.3. Frozen
Chapter 7. Global Tuna Fish Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Tuna Fish Market, Regional Market Snapshot
7.4. North America Tuna Fish Market
7.4.1. U.S. Tuna Fish Market Species breakdown estimates & forecasts, 2020-2030 Type breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Tuna Fish Market
7.5. Europe Tuna Fish Market Snapshot
7.5.1. U.K. Tuna Fish Market
7.5.2. Germany Tuna Fish Market
7.5.3. France Tuna Fish Market
7.5.4. Spain Tuna Fish Market
7.5.5. Italy Tuna Fish Market
7.5.6. Rest of Europe Tuna Fish Market
7.6. Asia-Pacific Tuna Fish Market Snapshot
7.6.1. China Tuna Fish Market
7.6.2. India Tuna Fish Market
7.6.3. Japan Tuna Fish Market
7.6.4. Australia Tuna Fish Market
7.6.5. South Korea Tuna Fish Market
7.6.6. Rest of Asia Pacific Tuna Fish Market
7.7. Latin America Tuna Fish Market Snapshot
7.7.1. Brazil Tuna Fish Market
7.7.2. Mexico Tuna Fish Market
7.8. Middle East & Africa Tuna Fish Market
7.8.1. Saudi Arabia Tuna Fish Market
7.8.2. South Africa Tuna Fish Market
7.8.3. Rest of Middle East & Africa Tuna Fish Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Bolton Group Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Century Pacific Foods Inc. (CNPF)
8.3.3. The Jealsa Rianxeira S.AU. Group
8.3.4. Grupo Albacore S.A.
8.3.5. ITOCHU Corporation
8.3.6. Thai Union Group PCL
8.3.7. Dongwon Industries, Ltd.
8.3.8. Ireland Blyth Ltd. (IBL)
8.3.9. FCF Co. Ltd.
8.3.10. Sea Delight, LLC
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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