Global Tuna Market, By Type (Canned, Frozen and Fresh), Species (Skipjack, Yellowfin, Albacore, Bigeye and Bluefin), Distribution Channel (Hypermarket and Supermarket, Specialty Stores, Online and Others), 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 Tuna Market
The tuna market is expected to witness market growth at a rate of 4.0% in the forecast period of 2021 to 2028. Data Bridge Market Research report on tuna market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the consumer preferences for seafood in various cuisines on account of being a rich source of essential proteins, vitamins and minerals is escalating the growth of tuna market. This signifies that the tuna market value, which was USD 39.3 billion in 2020, will climb up to USD 53.78 billion by the year 2028.
Tuna belongs to the mackerel fish family and is very essential part of the worldwide fishing scenario. Tuna is enjoyed around the as freshly cooked, frozen, canned and as sushi. The flavour of tuna is very delicious and different from the taste of any other seafood.
Major factors that are expected to boost the growth of the tuna market in the forecast period are the rise in the utilization of seafood because of its rich taste, nutritious properties and fewer carbon footprints in comparison to the other meat and beef products. Furthermore, the rise in the health awareness is further anticipated to propel the growth of the tuna market. On the other hand, decrease in the non-vegetarian or seafood loving consumers which in turn are estimated to impede the growth of the tuna market in the timeline period.
In addition, the increase in the need for canned tuna because of its increased shelf life which will further provide potential opportunities for the growth of the tuna market in the coming years. However, the consumption of seafood can result in triggering allergic reactions which might further challenge the growth of the tuna market in the near future.
This 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 localised 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 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.
Tuna Market Scope and Market Size
The tuna market is segmented on the basis of type, species and distribution channel. The growth among segments helps you analyse 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 tuna market is segmented into canned, frozen and fresh.
- On the basis of species, the tuna market is segmented into skipjack, yellowfin, albacore, bigeye, bluefin.
- On the basis of distribution channel, the tuna market is segmented into hypermarket and supermarket, specialty stores, online and others.
Global Tuna Market Country Level Analysis
Global tuna market is analysed and market size, volume information is provided by country, type, species and distribution channel as referenced above.
The countries covered in the tuna market report are the 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).
Asia-Pacific dominates the tuna market due to the rise in the number of restaurants that serve seafood. Furthermore, the arrival of online ordering platforms that also provide seafood cuisines will further boost the growth in the tuna market in the region during the forecast period. Middle East and Africa is projected to observe significant amount of growth in the tuna market due to the occurrences of key players. Furthermore, the rise in the consumption of seafood is further anticipated to propel the growth of the tuna market in the region in the coming years.
The country section of the 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 Tuna Market Share Analysis
The 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 tuna market.
The major players covered in the tuna market report are Thai Union Group PCL, Tri Marine, Starkist Co., FRINSA DEL NOROESTE S.A., Bumble Bee Foods LLC, Pacific American Fish Company, Inc., Jealsa, Grupo Calvo, Wild Planet Foods, PT. Aneka Tuna Indonesia, American Seafoods Company LLC, Ocean Brands Corp., Dongwon Group, GuoLian.Cn, Princes Foods, Natural Sea, HagoromoPacific Seafood, LEE FISHING, Phillips Foods, Inc., Mowi 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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