Canned Tuna Market Size Was Valued at USD 8.07 Billion in 2022, and is Projected to Reach USD 11.44 Billion by 2030, Growing at a CAGR of 4.46% From 2023-2030.
The market for canned tuna is a prosperous section of the worldwide seafood industry, propelled by the convenience, affordability, and nutritional benefits of the product. Canned tuna is commonly consumed for its protein and omega-3 fatty acids content, and is a common food item in households all over the world. It comes in different forms such as solid, chunk, and flake, and is also available in various packaging options like oil, water, or brine. The market advantages from increasing consumer interest in convenient and long-lasting food items. Consumers focused on their health are more and more choosing canned tuna because of its high protein and low fat levels. North America and Europe are top markets, with high demand for easy-to-prepare, protein-packed foods. In the meantime, the Asia-Pacific region is becoming a major market as a result of growing disposable incomes and higher seafood consumption. Concerns about sustainability, such as overfishing and the effects of bycatch, have caused a change towards fishing practices and labeling that are more environmentally friendly, such as certifications like MSC (Marine Stewardship Council), which influence consumer choices.
Top Key Players Covered in The Canned Tuna Market
Wild Planet Foods (U.S.), Safe Catch Foods (U.S.), Ocean Naturals (Canada), Bumble Bee Seafoods (U.S.), Wild Caught (U.S.), Anova Food (U.S.), Good Catch Foods (U.S.), Wm. Underwood Co. (U.S.), BJM Seafood (France), CF Grupo (Spain), Ortiz (Spain), Tonhay Bay (France), Ocean Hug (U.K.), Tonno Callipo(Italy), Ortiz El Consorcio (Spain), Bela Sirena (Portugal), Crown Prince (Denmark), Thai Union Group (Thailand), Century Tuna (Philippines), Matiz (South Korea), GeTuna (Thailand), Ngư Phúc (Vietnam)
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Drivers in the Canned Tuna Market:
The rising consumer need for convenient, long-lasting protein options is fueling the growth of the canned tuna industry. With more individuals looking for nutritious yet cost-effective meal choices, canned tuna has become popular due to its high protein and omega-3 fatty acid content. The increasing popularity of nutritious food choices, along with the popularity of convenient pre-made meals, has strengthened the market. Moreover, the growth of retail outlets and the rising demand for private-label products have made canned tuna more readily available to customers.
Segmentation Analysis of the Canned Tuna Market
Canned Tuna Market Segmented on the basis of type and Distribution Channel.
By Type
- Canned White Tuna
- Canned Light Tuna
By Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Retailers
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Opportunities in the Canned Tuna Market:
There are important chances in creating value-added items, like flavored or organic canned tuna, for customers focused on health. Manufacturers can look into sustainable sourcing and environmentally friendly packaging to attract customers who are conscious about the environment, amidst increasing worries about overfishing and plastic pollution. Entering new geographical markets, especially in areas where there is an increasing demand for seafood, offers more opportunities for growth. Furthermore, collaborating with foodservice providers or offering unique meal kits with canned tuna could also boost market growth.
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key Offerings of Canned Tuna Market:
- Trend and forecast analysis: Market trends, forecast, and Analysis to 2023 by segments and regions
- Segmentation analysis: Market size by various applications such as product, material, shape, and end use in terms of value and volume shipment.
- Regional analysis: Global Canned Tuna market breakdown by “North & South America, Europe, Asia Pacific, Middle East and the Rest of the World”.
- Growth opportunities: Analysis of growth opportunities in different applications and regions in the Global Canned Tuna Market
- Strategic analysis: This includes new product development and competitive landscape in the Global Canned Tuna Market
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