Global Canned Tuna Market, By Type (Canned White Tuna, Canned Light Tuna), Product Type (Canned Skipjack Tuna, Canned Yellowfin Tuna, Canned Albacore Tuna, Longtail Tuna, Bluefin Tuna, Other Canned Tuna), Distribution Channel (Hypermarket and Supermarket, Specialty Stores, E-commerce), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Canned Tuna Market
The canned tuna market size is expected to grow at a compound annual rate of 3.00% in the forecast period 2021 to 2028 and is likely to reach USD 4.56 billion by 2028. The rise in the in the environmental concerns is the factor responsible for the growth of canned tuna market in the forecast period of 2021 to 2028.
Tuna is a type of a saltwater fish found mainly in the subtropical and temperate waters of the Black Sea, Mediterranean Sea and the Atlantic Ocean. It is an essential source of essential counting iron, potassium proteins, niacin, magnesium, fatty acids, nutrients, omega-3 and A, B6, and B12
The major growing factor towards canned tuna market is the rise in the health consciousness. Furthermore, the rapid urbanization and rise in the trend of trying out international cuisines are leading changes in the consumption pattern of the populace which are also expected to heighten the overall demand for canned tuna market over the forecast period of 2021 to 2028. Moreover, the easy availability of different tuna species and rapid shift in the consumer preferences for seafood in various cuisines on account of being a rich source of essential vitamins, proteins and minerals are also expected to serve as foremost drivers for the canned tuna market at a global level. In addition, the long shelf-life and easiness of transportation of these products over larger distances are also lifting the growth of the canned tuna market.
However, the rapid shift in the inclination of consumers towards plant based products and rise in environmental and animal welfare are projected to act as a restraint towards the growth of canned tuna market, whereas the presence of several alternatives and rise in the vegan trend can challenge the growth of the canned tuna market.
Moreover, the launch of new products, various health benefits coupled with tuna consumption and increase in the import and export of canned tuna are expected to further generate new opportunities for the canned tuna market in the forecast period of 2021 to 2028.
This canned tuna market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the canned tuna market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Canned Tuna Market Scope and Market Size
The canned tuna market is segmented on the basis of type, product type and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the canned tuna market has been segmented into canned white tuna and canned light tuna.
- On the basis of product type, the canned tuna market has been segmented into canned skipjack tuna, canned yellowfin tuna, canned albacore tuna, longtail tuna, bluefin tuna and other canned tuna.
- The distribution channel segment of the canned tuna market has been segmented into hypermarket and supermarket, specialty stores and e-commerce.
Canned Tuna Market Country Level Analysis
The canned tuna market is analyses and market size, volume information is provided by country, type, product type and distribution channel as referenced above.
The countries covered in the canned tuna market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe leads the canned tuna market due to the high adoption of simple, ready-to-eat and convenient seafood choices amongst consumers. Middle East and Africa is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the strong presence of major emerging economies such as Saudi Arabia.
The country section of the canned tuna market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Canned Tuna Market Share Analysis
The canned tuna market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to canned tuna market.
The major players covered in the canned tuna report are Frinsa del Noroeste, SA, Thai Union Group PCL, Bumble Bee Foods, LLC, Century Pacific Food Inc., Jealsa, Grupo Calvo, Wild Planet Foods, PT. Aneka Tuna Indonesia, American Tuna, Ocean's, Dongwon Group, Golden Prize Canning Co., Ltd., Crown Prince, Inc., A.E.C. CANNING COMPANY LIMITED, StarKist Co., Moroccan Sardine, Shandong Lixing Tin Food Co.,Ltd., Hermasa, Tri Marine and Natural Sea, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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