The global canned tuna market size is projected to be worth US$ 16,951.00 million by 2034. According to the estimates, the market is anticipated to exhibit a 4.80% CAGR until 2034. In 2024, the canned tuna market size is valued at US$ 10,647.30 million.
While classified as white meat tuna (usually albacore) and light meat tuna (mostly skipjack, sometimes yellowfin), canned tuna sold in the US mainly comes from 3 key brands, such as Starkist, Bumble Bee, and Chicken of the Sea. Though smaller labeled brands are commercially available in the US, but key players contribute to almost 80% of canned tuna in the country.
However, tuna fishing occurs mainly in the Pacific Ocean, though Atlantic Ocean, Indian Ocean, and Mediterranean Sea also contributes a large amount of canned tuna raw material in terms of yield. Japan, Indonesia, and the Philippines are the top countries that produce the most of tuna fishing yield, while Thailand has become one of the major sites of tuna processing plants, contributing almost 25% of canned tuna in the world.
Unlock Growth Potential in Your Industry – Get Your Sample Report Now
https://www.futuremarketinsights.com/reports/sample/rep-gb-14896
Key Takeaways from Market Study
- The canned tuna market is worth of USD 9.8 Bn sales in 2022.
- The canned tuna market is expected to expand at CAGRs of 4.4% through 2032.
- Global canned tuna demand is projected to grow year-on-year (Y-o-Y) growth of 3.8% in 2022.
- The canned tuna market is growing with a notable boost towards the production to reach USD 15.0 Bn by 2032.
- High product demand, soaring production, and widespread usage in food industry are the factors driving growth of the market and to be the influencing factors among consumers, which is driving sales of canned tuna across global markets.
- Demand for canned tuna grew at 3.5% CAGR between 2017 and 2021.
- StarKist Co., Bumble Bee Foods, LLC, Hagoromo Foods Corporation, American Tuna, Inc., and Bolton Alimentari S.p.A. are expected to be the top players in the industry.
- Canned tuna market along with skipjack tuna species, flavored canned tuna, canned light tuna, solid format, ready to cook items, B2C sales channel are in heavy demand from food industry carrying a notable market share.
“Canned tuna, being an affordable source of protein, is one of the most consumed foods universally, which are fished in almost 70 countries around the world. Most tuna species are caught in the Pacific Ocean, however, majority of processing plants have shifted in Southeast Asia recently, especially Thailand or Eastern Pacific region. The US, European Union, and Japan are among the largest consumers of canned tuna in the world,” says a Future Market Insights analyst.
Purchase this Premium Research Report | Immediate Delivery Available
https://www.futuremarketinsights.com/checkout/14896
Competitive Landscape
Key canned tuna brands are conducting several researches and looking for new strategic partnerships, while key business brands are focusing on developing the applications in food industry to generate high quality food and beverage solutions. The top players are focusing on new formulations and product innovations to gain market share and attract more customers towards the product.
- In 2018, Bolton Food announced that the company made a commitment to source 50% of its tuna procurements to Greenpeace using selective fishing methods and 50% of tuna from purse seiners method by 2020, having FAD measures management in place.
Key Companies Profiled are StarKist Co., Bumble Bee Foods, LLC, Hagoromo Foods Corporation, American Tuna, Inc., Bolton Alimentari S.p.A., Chicken of the Sea, Hayati Group CO., LTD., Nostromo SpA (Calvo Group), Organico Realfoods LTD, Kiril Mischeff Limited, Others
Access the Complete Report Methodology Now
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-14896
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global Canned Tuna market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on tuna species (skipjack, albacore, yellowfin, bluefin, bigeye, and others), flavor (unflavoured and flavoured), product type (canned white tuna and canned light tuna), product format (plain, chunk, solid, shredded, flakes, fillets, and others), usage format (ready to cook and ready to eat), and sales channel (B2B / HoReCa and B2C), across seven major regions of the world.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
