Canned Tuna Market (By Product Type: Flavoured, Unflavoured; By End use: B2C, B2B; By Sales Channel: Direct, Indirect; By Tuna Species: Albacore, Skip Jack, Yellowfin, Others; By Type: Ready-To-Eat and Ready-To-Cook) - Global Industry Analysis, Size, Share, Growth, Trends Analysis, Regional Outlook and Forecasts, 2021 - 2030


The global canned tuna market revenue was estimated at USD 31.06 billion in 2022 and is expected to reach over USD 40.47 billion by  2030, poised to grow at a CAGR of 3.4% over the forecast period 2021 to 2030.

Crucial factors accountable for market growth are:

  • Growth in the working women population, coupled with changing lifestyle patterns worldwide
  • Increasing consumption of canned tuna
  • Rising inclination towards convenience food

Canned Tuna Market

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Key market Insights:

Growth in the working women population, coupled with changing lifestyle patterns worldwide are among major factors expected drive growth of the global canned tune market in the near future. Tuna is the cheap source for protein which satisfy key criteria of the world’s increasing demand for the protein at low costs which is creating potential opportunities for the target industry. In the developed economies the consumer preferences for the protein enriched cuisines are increasing at rapid pace and tune is the testiest seafood with proper amount to protein owing to which the demand for the canned tune is increasing at noteworthy rate. Changing lifestyle in the emerging economies worldwide is leading to the huge inclination towards the convenience food which is anticipated to fuel the industrial growth over the next few years.

Future of Global Canned Tuna Market

The budding e-commerce industry also bids with the canned tuna manufacturers considerable growth opportunities. This shifting trend has stimulated numerous companies to focus on new internet-savvy customers and venture into this increasing format of retailing. The growth of the e-commerce sector will be one of the main trends in the canned tuna industry that will drive business growth. The global market for canned tune is increasing owing to huge penetration of the internet along with growth of the e-commerce industry. Also, trend is expected to continue and will augment growth of the target industry in the near future.

Scope of the Canned Tuna Market

Report Highlights Details
Market Revenue US$ 40.47 Billion by 2030
Growth Rate CAGR of 2.4% from 2021 to 2030
Base Year 2021
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Product, Sales Channel, End use, Tuna Species, Type
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned Thai Union Group PCL, Frinsa del Noroeste SA, Jealsa Rianxeira SA, Centuary Pacific Food, Inc., Golden Prize Canning Co. Ltd., Albacora S.A., American Tuna, Inc., Wild Planet Foods, Inc., Ocean Brands GP (The Jim Pattison Group), C.F. Fishery Co., Ltd (Bumble Bee Foods, LLC)

 

Segment Trends:

Flavored Product Type Segment Testified Leading Market Stake in Year 2020

Flavored canned tuna product type is anticipated to register highest growth rate as well as market share over the forecast period of time. The growth is attributed to its growing consumption especially in the emerging economies across the globe. Along with this the unflavored product type segment will be growing at moderate pace and will fuel growth of the canned tune industry in the near future.

Skip Jack Tuna Species Segment Reported Foremost Market Stake in 2020

Skip jack tuna species is expected to account for the major share in the owing to its rising popularity in the leading countries and developing areas. Along with this the yellowfin segment is anticipated to grow at the noteworthy growth rate and will augment the market revenue.

North America is Likely to be the Largest Market for Canned Tuna

The study report offers predictions of canned tuna products around are as counting Europe, Latin America, Asia-Pacific, North America, Middle East and Africa. Canned Tuna market is occupied by North America due to augmented intake of the canned tuna in various end use applications, coupled with growing working women population in the countries of the North America especially in the United States and Canada of North America. Furthermore, presence of major companies in the North America and business plans that are executed by the chief players in the nations of North America is prospective to observer significant growth in the aiming industry in the nearby future.

U.S. Canned Tuna Market Size 2021 to 2030

Asia Pacific is probable to list the remarkable CAGR, on account of growing in the demand for the canned tuna in evolving economies owing to increased preferences for the convenience food. Likewise, utmost of the companies functioning in the market are advancing heavily in order to get the modest edge in the canned tuna market in Asia Pacific. Further, the Latin America as will likely to register moderate growth in the coming. Also, Middle East and Africa region is expected to create lucrative growth opportunities in the target industry.

  • Asia Pacific canned tuna market was valued at USD 9.76 billion in 2022 and will reach around USD 12.78 billion in 2030.
  • Japan canned tuna market size was accounted for USD 1.26 billion in 2022 and it is expected to hit around USD 1.64 billion in 2030.
  • Australia canned tuna market size was estimated at USD 0.57 billion in 2022 and it is expanding around USD 0.73 billion in 2030.

Top Players contending in the Market:

Main market firms are pointing towards the advanced developments in order to enrich place in the aiming industry. The major firms are:

  • Thai Union Group PCL
  • Frinsa del Noroeste SA
  • Jealsa Rianxeira SA
  • Centuary Pacific Food, Inc.
  • Golden Prize Canning Co. Ltd.
  • Albacora S.A.
  • American Tuna, Inc.
  • Wild Planet Foods, Inc.
  • Ocean Brands GP (The Jim Pattison Group)
  • C.F. Fishery Co., Ltd (Bumble Bee Foods, LLC)

For improved status of canned tuna, and strategies accepted by Precedence Research projected the upcoming growth of the canned tuna market.

Key Developments in the Marketplace:

  • In year 2020, Pa Waen a leading brad of thai mixed chili paste has signed an agreement along with Thai Union SEALECT Tuna in order to introduced brand new 5 flavors of the tuna flakes.
  • Addition to this in year 2015, Rügen Fisch AG is partnered along with Thai Union Group Public Company Limited which is the leading player in the tuna processor across the globe.
  • In the year 2014 King Oscar which is the world's topmost brand for the seafood has been acquired by the Thai Union Frozen Products Public Company Limited in order to get competitive edge in the target industry worldwide.

Major Market Segments Covered:

By Product Type

  • Flavoured
  • Unflavoured

By End use

  • B2C
  • B2B

By Sales Channel

  • Direct
  • Indirect

By Tuna Species

  • Albacore
  • Skip Jack
  • Yellowfin
  • Others

By Type

  • Ready-To-Eat
  • Ready-To-Cook

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Frequently Asked Questions

What is the current size of the canned tuna market value?
The global canned tuna market revenue was estimated at US$ 29.88 billion in 2021 and is expected to reach over US$ 40.47 billion by the end of 2030.
What is the growth rate of global canned tuna market?
The global canned tuna market is expected to drive growth at a CAGR of 3.4% during the forecast period 2021 to 2030.
Which factors are driving the canned tuna market growth?
The growth in the working women population, coupled with changing lifestyle patterns worldwide, increasing consumption of canned tuna and rising inclination towards convenience food.
Which region is likely to hit the noteworthy CAGR in the canned tuna market?
Asia Pacific is likely to list the noteworthy CAGR, on account of growing in the demand for the canned tuna in emerging economies.
Which major companies are functioning in the canned tuna market?
The major companies functioning in the canned tuna market includes Golden Prize Canning Co. Ltd. JealsaRianxeira SA,Frinsa del Noroeste SA, Centuary Pacific Food, Inc. Albacora S.A. American Tuna, Inc. Wild Planet Foods, Inc. F.C.F. Fishery Co., Ltd, Thai Union Group PCL, Ocean Brands GP (The Jim Pattison Group), among others.
Which product type segment is anticipated to register highest growth rate in the canned tuna market?
Flavored canned tuna product type is anticipated to register highest growth rate as well as market share over the forecast period of time.

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