The global canned tuna market size is expected to reach USD 26.6 billion by 2030. The market is expected to expand at a CAGR of 4.5% from 2023 to 2030. The growing adoption of seafood among consumers is expected to be the key factor for market growth. Moreover, exceptional nutritional properties coupled with excellent taste & texture associated with tuna species is expected to expand the market over the next few years.
Consumers around the world are increasingly adding canned tuna in their daily meals as it has rich nutritional properties with great taste and excellent seafood experience. It is widely used in various daily dishes as well as in delicacies including salads, croquette, sandwiches, burgers, pastas, tacos, sushi, and many more. These dishes are easily cooked in least time at home and thus, they are highly appreciated by the consumers who believes in home cooking and healthy lifestyle.
Canned tuna is generally an affordable source of protein, which makes it attractive to budget-conscious consumers. As the cost of meat and other protein sources continues to rise, canned tuna becomes an even more appealing option for consumers who want to maintain a healthy diet without breaking the bank.Additionally, the affordability of canned tuna makes it a popular choice for food banks and other charitable organizations that provide food assistance to those in need. Canned tuna is often included in food assistance packages because it is an affordable and nutritious option that can help stretch a limited food budget.
Europe dominated the 2022 markets owing to growing preference for the nutritious, ready-to-eat, and convenient seafood choices. However, U.S. is also one of the largest consumers in the world with a consumption of 1.3-kilogram per capita as per the statistics provided by the FAO, Globefish. Asia Pacific is witnessing a decent growth in the market with some of the largest canned tuna consuming countries including Japan, Australia, South Korea, China, and Indonesia.
Some consumers are also willing to pay a premium for canned tuna products that are certified sustainable by organizations such as the Marine Stewardship Council (MSC). These certifications provide consumers with assurance that the tuna they are purchasing has been caught using sustainable methods. Market players such as American Tuna, Fishing Vessel St. Jude, Ocean Naturals, and Safe Catch offer Best Choice have responded to this trend by offering, Good Alternative, or certified canned tuna.
Consumers around the world are increasingly adding canned tuna in their daily meals as it has rich nutritional properties with great taste and excellent seafood experience. It is widely used in various daily dishes as well as in delicacies including salads, croquette, sandwiches, burgers, pastas, tacos, sushi, and many more. These dishes are easily cooked in least time at home and thus, they are highly appreciated by the consumers who believes in home cooking and healthy lifestyle.
Canned tuna is generally an affordable source of protein, which makes it attractive to budget-conscious consumers. As the cost of meat and other protein sources continues to rise, canned tuna becomes an even more appealing option for consumers who want to maintain a healthy diet without breaking the bank.Additionally, the affordability of canned tuna makes it a popular choice for food banks and other charitable organizations that provide food assistance to those in need. Canned tuna is often included in food assistance packages because it is an affordable and nutritious option that can help stretch a limited food budget.
Europe dominated the 2022 markets owing to growing preference for the nutritious, ready-to-eat, and convenient seafood choices. However, U.S. is also one of the largest consumers in the world with a consumption of 1.3-kilogram per capita as per the statistics provided by the FAO, Globefish. Asia Pacific is witnessing a decent growth in the market with some of the largest canned tuna consuming countries including Japan, Australia, South Korea, China, and Indonesia.
Some consumers are also willing to pay a premium for canned tuna products that are certified sustainable by organizations such as the Marine Stewardship Council (MSC). These certifications provide consumers with assurance that the tuna they are purchasing has been caught using sustainable methods. Market players such as American Tuna, Fishing Vessel St. Jude, Ocean Naturals, and Safe Catch offer Best Choice have responded to this trend by offering, Good Alternative, or certified canned tuna.
Canned Tuna Market Report Highlights
- The skipjack segment accounted the largest volume share, in 2022 owing to its large availability, rich nutritious content, and its preference for being exported to different regions. Also, this type has a mild, less fishy taste compared to other tuna varieties, making it a more appealing choice for consumers who are sensitive to strong fish flavors.
- The hypermarket and supermarket was the largest distribution channel segment, in 2022. Such channels offer a wide variety of canned tuna products from various brands, making it a one-stop-shop for consumers to find their preferred product. Its cost-effectiveness, and convenience are other factors boosting popularity of this segment.
- Europe dominated the market for canned tuna in 2022. It is a staple in many European culinary traditions, particularly in Mediterranean countries such as Spain, Italy, and Portugal, where it is often used in salads, sandwiches, and pasta dishes. Moreover, health benefits, convenience, affordability, availability, and sustainability has made canned tuna a popular and widely consumed product in Europe.
Table of Contents
Chapter 1. Methodology and Scope1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Data
1.3.2. Internal Data
1.3.3. Secondary Sources & Third - Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Product Outlook
2.3. Distribution Channel Outlook
2.4. Competitive Insights
Chapter 3. Canned Tuna Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter’s
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Canned Tuna Market
3.7. Market Entry Strategies
3.8. Impact of COVID - 19
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. Canned Tuna Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2022 & 2030
5.2. Skipjack
5.2.1. Market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
5.3. Yellowfin
5.3.1. Market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
5.4. Others
5.4.1. Market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
Chapter 6. Canned Tuna Market: Distribution Channel Estimates & Trend Analysis
6.1. Distribution Channel Movement Analysis & Market Share, 2022 & 2030
6.2. Hypermarket & Supermarket
6.2.1. Market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
6.3. Specialty Stores
6.3.1. Market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
6.4. Online
6.4.1. Market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
Chapter 7. Canned Tuna Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2022 & 2030
7.2. North America
7.2.1. Market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
7.2.2. Market estimates and forecast, by product, 2017 - 2030 (Kilo Tons) (USD Million)
7.2.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (Kilo Tons) (USD Million)
7.2.4. U.S.
7.2.4.1. Market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
7.2.4.2. Market estimates and forecast, by product, 2017 - 2030 (Kilo Tons) (USD Million)
7.2.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (Kilo Tons) (USD Million)
7.2.5. Canada
7.2.5.1. Market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
7.2.5.2. Market estimates and forecast, by product, 2017 - 2030 (Kilo Tons) (USD Million)
7.2.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (Kilo Tons) (USD Million)
7.3. Europe
7.3.1. Market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
7.3.2. Market estimates and forecast, by product, 2017 - 2030 (Kilo Tons) (USD Million)
7.3.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (Kilo Tons) (USD Million)
7.3.4. U.K.
7.3.4.1. Market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
7.3.4.2. Market estimates and forecast, by product, 2017 - 2030 (Kilo Tons) (USD Million)
7.3.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (Kilo Tons) (USD Million)
7.3.5. Germany
7.3.5.1. Market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
7.3.5.2. Market estimates and forecast, by product, 2017 - 2030 (Kilo Tons) (USD Million)
7.3.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (Kilo Tons) (USD Million)
7.3.6. France
7.3.6.1. Market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
7.3.6.2. Market estimates and forecast, by product, 2017 - 2030 (Kilo Tons) (USD Million)
7.3.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (Kilo Tons) (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
7.4.2. Market estimates and forecast, by product, 2017 - 2030 (Kilo Tons) (USD Million)
7.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (Kilo Tons) (USD Million)
7.4.4. China
7.4.4.1. Market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
7.4.4.2. Market estimates and forecast, by product, 2017 - 2030 (Kilo Tons) (USD Million)
7.4.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (Kilo Tons) (USD Million)
7.4.5. India
7.4.5.1. Market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
7.4.5.2. Market estimates and forecast, by product, 2017 - 2030 (Kilo Tons) (USD Million)
7.4.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (Kilo Tons) (USD Million)
7.4.6. Japan
7.4.6.1. Market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
7.4.6.2. Market estimates and forecast, by product, 2017 - 2030 (Kilo Tons) (USD Million)
7.4.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (Kilo Tons) (USD Million)
7.5. Central & South Africa
7.5.1. Market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
7.5.2. Market estimates and forecast, by product, 2017 - 2030 (Kilo Tons) (USD Million)
7.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (Kilo Tons) (USD Million)
7.5.4. Brazil
7.5.4.1. Market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
7.5.4.2. Market estimates and forecast, by product, 2017 - 2030 (Kilo Tons) (USD Million)
7.5.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (Kilo Tons) (USD Million)
7.6. Middle East & Africa
7.6.1. Market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
7.6.2. Market estimates and forecast, by product, 2017 - 2030 (Kilo Tons) (USD Million)
7.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (Kilo Tons) (USD Million)
7.6.4. South Africa
7.6.4.1. Market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
7.6.4.2. Market estimates and forecast, by product, 2017 - 2030 (Kilo Tons) (USD Million)
7.6.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (Kilo Tons) (USD Million)
Chapter 8. Competitive Analysis
8.1. Key global players, recent developments & their impact on the industry
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3. Vendor Landscape
8.3.1. Key company market share analysis, 2022
Chapter 9. Company Profiles
9.1. Frinsa del Noroeste S.A.
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Thai Union Group PCL
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. Bumble Bee Foods LLC
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. Century Pacific Food Inc.
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. Jealsa
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. Grupo Calvo
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. Wild Planet Foods Inc.
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. PT. Aneka Tuna Indonesia
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. American Tuna Inc.
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. Ocean Brands
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Strategic Initiatives
List of Tables
1. Canned Tuna - Key market driver analysis
2. Canned Tuna - Key market restraint analysis
3. Global skipjack canned tune market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
4. Global yellowfin canned tune market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
5. Global other canned tune market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
6. Global canned tune market estimates and forecast from hypermarket & supermarket, 2017 - 2030 (Kilo Tons) (USD Million)
7. Global canned tune market estimates and forecast from specialty stores, 2017 - 2030 (Kilo Tons) (USD Million)
8. Global canned tune market estimates and forecast from online, 2017 - 2030 (Kilo Tons) (USD Million)
9. North America canned tune market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
10. North America canned tune market volume, by product, 2017 - 2030 (Kilo Tons)
11. North America canned tune market revenue, by product, 2017 - 2030 (USD Million)
12. North America canned tune market volume, by distribution channel, 2017 - 2030 (Kilo Tons)
13. North America canned tune market revenue, by distribution channel, 2017 - 2030 (USD Million)
14. U.S. canned tune market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
15. U.S. canned tune market volume, by product, 2017 - 2030 (Kilo Tons)
16. U.S. canned tune market revenue, by product, 2017 - 2030 (USD Million)
17. U.S. canned tune market volume, by distribution channel, 2017 - 2030 (Kilo Tons)
18. U.S. canned tune market revenue, by distribution channel, 2017 - 2030 (USD Million)
19. Canada canned tune market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
20. Canada canned tune market volume, by product, 2017 - 2030 (Kilo Tons)
21. Canada canned tune market revenue, by product, 2017 - 2030 (USD Million)
22. Canada canned tune market volume, by distribution channel, 2017 - 2030 (Kilo Tons)
23. Canada canned tune market revenue, by distribution channel, 2017 - 2030 (USD Million)
24. Europe canned tune market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
25. Europe canned tune market volume, by product, 2017 - 2030 (Kilo Tons)
26. Europe canned tune market revenue, by product, 2017 - 2030 (USD Million)
27. Europe canned tune market volume, by distribution channel, 2017 - 2030 (Kilo Tons)
28. Europe canned tune market revenue, by distribution channel, 2017 - 2030 (USD Million)
29. U.K. canned tune market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
30. U.K. canned tune market volume, by product, 2017 - 2030 (Kilo Tons)
31. U.K. canned tune market revenue, by product, 2017 - 2030 (USD Million)
32. U.K. canned tune market volume, by distribution channel, 2017 - 2030 (Kilo Tons)
33. U.K. canned tune market revenue, by distribution channel, 2017 - 2030 (USD Million)
34. Germany canned tune market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
35. Germany canned tune market volume, by product, 2017 - 2030 (Kilo Tons)
36. Germany canned tune market revenue, by product2017 - 2030 (USD Million)
37. Germany canned tune market volume, by distribution channel, 2017 - 2030 (Kilo Tons)
38. Germany canned tune market revenue, by distribution channel, 2017 - 2030 (USD Million)
39. France canned tune market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
40. France canned tune market volume, by product, 2017 - 2030 (Kilo Tons)
41. France canned tune market revenue, by product2017 - 2030 (USD Million)
42. France canned tune market volume, by distribution channel, 2017 - 2030 (Kilo Tons)
43. France canned tune market revenue, by distribution channel, 2017 - 2030 (USD Million)
44. Asia Pacific canned tune market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
45. Asia Pacific canned tune market volume, by product, 2017 - 2030 (Kilo Tons)
46. Asia Pacific canned tune market revenue, by product, 2017 - 2030 (USD Million)
47. Asia Pacific canned tune market volume, by distribution channel, 2017 - 2030 (Kilo Tons)
48. Asia Pacific canned tune market revenue, by distribution channel, 2017 - 2030 (USD Million)
49. China canned tune market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
50. China canned tune market volume, by product, 2017 - 2030 (Kilo Tons)
51. China canned tune market revenue, by product, 2017 - 2030 (USD Million)
52. China canned tune market volume, by distribution channel, 2017 - 2030 (Kilo Tons)
53. China canned tune market revenue, by distribution channel, 2017 - 2030 (USD Million)
54. India canned tune market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
55. India canned tune market volume, by product, 2017 - 2030 (Kilo Tons)
56. India canned tune market revenue, by product, 2017 - 2030 (USD Million)
57. India canned tune market volume, by distribution channel, 2017 - 2030 (Kilo Tons)
58. India canned tune market revenue, by distribution channel, 2017 - 2030 (USD Million)
59. Japan canned tune market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
60. Japan canned tune market volume, by product, 2017 - 2030 (Kilo Tons)
61. Japan canned tune market revenue, by product, 2017 - 2030 (USD Million)
62. Japan canned tune market volume, by distribution channel, 2017 - 2030 (Kilo Tons)
63. Japan canned tune market revenue, by distribution channel, 2017 - 2030 (USD Million)
64. Central & South America canned tune market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
65. Central & South America canned tune market volume, by product, 2017 - 2030 (Kilo Tons)
66. Central & South America canned tune market revenue, by product, 2017 - 2030 (USD Million)
67. Central & South America canned tune market volume, by distribution channel, 2017 - 2030 (Kilo Tons)
68. Central & South America canned tune market revenue, by distribution channel, 2017 - 2030 (USD Million)
69. Brazil canned tune market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
70. Brazil canned tune market volume, by product, 2017 - 2030 (Kilo Tons)
71. Brazil canned tune market revenue, by product, 2017 - 2030 (USD Million)
72. Brazil canned tune market volume, by distribution channel, 2017 - 2030 (Kilo Tons)
73. Brazil canned tune market revenue, by distribution channel, 2017 - 2030 (USD Million)
74. Middle East & Africa canned tune market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
75. Middle East & Africa canned tune market volume, by product, 2017 - 2030 (Kilo Tons)
76. Middle East & Africa canned tune market revenue, by product, 2017 - 2030 (USD Million)
77. Middle East & Africa canned tune market volume, by distribution channel, 2017 - 2030 (Kilo Tons)
78. Middle East & Africa canned tune market revenue, by distribution channel, 2017 - 2030 (USD Million)
79. South Africa canned tune market estimates and forecast, 2017 - 2030 (Kilo Tons) (USD Million)
80. South Africa canned tune market volume, by product, 2017 - 2030 (Kilo Tons)
81. South Africa canned tune market revenue, by product, 2017 - 2030 (USD Million)
82. South Africa canned tune market volume, by distribution channel, 2017 - 2030 (Kilo Tons)
83. South Africa canned tune market revenue, by distribution channel, 2017 - 2030 (USD Million)
84. Vendor landscape
List of Figures
1. Canned tuna market snapshot
2. Canned tuna market segmentation & scope
3. Canned tuna market penetration & growth prospect mapping
4. Canned tuna value chain analysis
5. Canned tuna market dynamics
6. Canned tuna market Porter's analysis
7. Canned tuna market: Product movement analysis
8. Canned tuna market: Distribution channel movement analysis
9. Canned tuna market: Regional movement analysis
Companies Mentioned
- Frinsa del Noroeste S.A.
- Thai Union Group PCL
- Bumble Bee Foods LLC
- Century Pacific Food Inc.
- Jealsa
- Grupo Calvo
- Wild Planet Foods Inc.
- PT. Aneka Tuna Indonesia
- American Tuna Inc.
- Ocean Brands
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 75 |
| Published | March 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 18.76 Billion |
| Forecasted Market Value ( USD | $ 26.6 Billion |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
