The global canned tuna market size is projected to be worth USD 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 USD 10,647.30 million.
The trend toward a healthier lifestyle is gaining momentum as people value eating healthy meals more. Canned tuna is a great source of many vitamins and minerals, protein, and vital omega-3 fatty acids. Consumers consider canned tuna a healthy choice to reach their fitness goals and keep a balanced diet. Those looking to improve their general well-being via food will find it intriguing due to its excellent nutritional value and low-fat content.
Environmental awareness has prompted a change in the seafood sector toward ethical and sustainable sourcing methods. Consumers are growing concerned about how fishing affects endangered animals and marine ecosystems. Environmentally concerned consumers have favored companies emphasizing transparent supply chains and sustainable fishing practices. In addition to meeting customer expectations, these businesses support preserving marine biodiversity by promoting sustainable practices and certification programs.
The growth of e-commerce is revolutionizing how people purchase food, even tuna in a can. Online stores let customers buy pantry essentials from the comfort of their homes since they are convenient and accessible. The expansion of canned tuna sales through e-commerce platforms can be attributed to the ease of doorstep delivery, price comparison, and online reviews.
Key Takeaways from the Canned Tuna Market Report
- The global canned tuna market size expanded at a 4.40% CAGR from 2019 to 2023.
- The Skipjack tuna segment holds 45.6% of market shares in 2024.
- The market size in the United States is projected to rise at a 1.7% CAGR through 2034.
- The market size in Germany is anticipated to develop at a 6.7% CAGR through 2034.
- The market size in Japan is estimated to surge at a 3.4% CAGR through 2034.
- The market size in India is expected to increase at a 1.3% CAGR through 2034.
Competitive Landscape
The canned tuna market is fiercely competitive, with global heavyweights such as Bumble Bee Foods and Thai Union Group capitalizing on brand power and economies of scale. Regional players boost market dynamism by meeting distinct local preferences. Sustainability practices, technical breakthroughs, and innovations in processing and packaging are critical battlegrounds.
Recent Developments
- In February 2024, Pokeworks introduced new plant-based, sushi-grade tuna options in the San Francisco Bay Area. In March 2024, the business launched these products in New York.
- In December 2023, Tonnino, well-known for its quality yellowfin tuna in cans and jars, introduced a line of six yellowfin cans. This series also includes the first-ever tuna can made specifically for children.
- In October 2023, Vgarden Ltd., a food technology company, introduced new canned tuna made from pea protein.
Note from the Analysts
“Success in the dynamic canned tuna market depends on innovation, sustainability, and regulatory agility. It is essential to adopt sustainable practices, encourage product innovation, and quickly adjust to regulation changes. Market resilience and prosperity can be increased by adapting tactics to local preferences and encouraging teamwork. A dynamic and adaptable strategy is essential for succeeding in this constantly shifting environment.” Says a Lead Analyst at Future Market Insights (FMI).
Key Players in the Canned Tuna Market
- Bumble Bee Foods, LLC
- StarKist Co.
- Thai Union Group PCL
- Dongwon Industries Co., Ltd.
- Chicken of the Sea International
- Wild Planet Foods
- Crown Prince, Inc.
- Century Pacific Food, Inc.
- MW Brands
- Tri Marine International
- HAGOROMO FOODS CORPORATION
- A.E.C. CANNING CO., LTD.
- American Tuna
- Fish4Ever Ltd.
- Pescanova
- Safcol Australia Pty Ltd.
- Gomes da Costa
- Brunswick Corporation
- Princes Group
- Empress International Ltd.+
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Canned Tuna Market Segmentation
By Tuna Species:
- Skipjack
- Albacore
- Yellowfin
- Bluefin
- Bigeye
- Others
By Flavor:
- Unflavored
- Flavored
- Lemon
- Picante
- Spicy
- Teriyaki
- Tomato
- Chocolate
- Jalapeno
- Others
By Product Type:
- Canned White Tuna
- Canned Light Tuna
By Product Format:
- Plain
- Chunk
- Solid
- Shredded
- Flakes
- Fillets
- Others
By Usage Format:
- Ready to Cook
- Ready to Eat
By Sales Channel:
- B2B/HoReCa
- B2C
- Hypermarkets/Supermarkets
- Convenience Stores
- Mom and Pop Stores
- Discount Stores
- Food Specialty Stores
- Independent Small Groceries
- Online Retail
- Other Retail Formats
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
- Japan
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.
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