Global Canned Tuna Market: Market Segments: By Type (Albacore Tuna, Skipjack Tuna, Yellowfin Tuna, Bigeye Tuna, Longtail Tuna, Bluefin Tuna); By Distribution Channel (Hypermarket & Supermarket, Specialty Stores, Online); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Canned fish refers to those fish products which are processed and then sealed, such as tin cans, in an airtight container, and subsequently heated. Tuna is part of the family of mackerel fish and a very important part of the worldwide scenario of fishing. Worldwide, tuna is enjoyed as fresh-cooked, frozen, canned, and sushi.
Global Canned Tuna Market is expected to project a notable CAGR of XX.X% in 2030.
Global Canned Tuna Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. Shifting consumer preferences for seafood in various cuisines on account of being a rich source of essential proteins, vitamins, and minerals are expected to be a key factor driving the industry.
Global Canned Tuna Market: Segments
Yellowfin Segment to grow with the highest CAGR of XX.X% during 2019-30
Global Canned Tuna Market is segmented by type into Albacore Tuna, Skipjack Tuna, Yellowfin Tuna, Bigeye Tuna, Longtail Tuna, Bluefin Tuna. The greater market share in 2018 was accounted by Skipjack canned tuna segment in terms of volume share and is expected to see the highest growth during the forecast period. Canned Skipjack tuna is the most preferred tuna by the consumers due to its ease of consumption, nutritional benefits, and ample supply, Canned Skipjack tuna is the most favored tuna by consumers. Thanks to its rich taste and excellent texture, the Yellowfin tuna species is gaining greater popularity among consumers. The increasing demand for this canned tuna variant is anticipated to increase the growth of the segment over the forecast period.
Global Canned Tuna Market: Market Dynamics
Creative promotion and Easy Online Availability
The manufacturers are concentrating on online shops by selling their products on online platforms and increasing their promotion on the internet due to innovations in the e-commerce industry. With awareness of the benefits of tuna, the market for canned tuna is growing. The firms also make recyclable tuna cans and supply approved products.
High cost of Canned Tuna products
Overfishing has prompted governments in specific parts of the Pacific Ocean to prohibit commercial fishing. The fishing ban has led to a decreased supply of tuna, leading to higher prices for canned tuna. Higher prices have, in turn, led to lower demand from regions such as Europe for canned tuna.
Global Canned Tuna Market: Regions
Global Canned Tuna Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Global Canned Tuna Market in Europe held the largest market share of XX.X% in the year 2018 owing to the growing adoption by consumers of easy, ready-to-eat, and convenient seafood choices. The growth of the ready-to-eat and easy-to-cook value-added tuna market is evident, and the high-end European markets are seeing growing demand for super-frozen tuna. In a Japanese delicacy-sashimi, super-frozen tuna is primarily eaten. The canned tuna supply chain in Europe is improving to meet the supply and demand for super-frozen tuna, which will gradually contribute to increased volumes of super-frozen tuna on the European market.
Global Canned Tuna Market: Key Players
• Wild Planet Foods, Inc.
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• AEC. CANNING Co. Ltd.
• American Tuna, Inc.
• Bumble Bee Foods LLC.
• Century Pacific Food, Inc.
• Crown Prince Inc.
• Dongwon Group
• Golden Prize Canning Co. Ltd.
• Thai Union Group PCL.
Global Canned Tuna Market report also contains analysis on:
Global Canned Tuna Market Segments:
By Distribution Channel:
• Hypermarket & Supermarket
• Specialty Stores
• Global Canned Tuna Market Dynamics
• Global Canned Tuna Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints