Global Tuna Fish Market Size study & Forecast, by Species (Skipjack, Albacore, Yellowfin, Bigeye, Bluefin, Others), by Type (Canned, Fresh, Frozen) and Regional Analysis, 2023-2030

Global Tuna Fish Market Size study & Forecast, by Species (Skipjack, Albacore, Yellowfin, Bigeye, Bluefin, Others), by Type (Canned, Fresh, Frozen) and Regional Analysis, 2023-2030

Global Tuna Fish Market is valued at approximately USD 41.06 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 2.86% over the forecast period 2023-2030. Tuna Fish is a highly sought-after and commercially valuable fish in the global fishing market. People like to enjoy Tuna Fish as freshly cooked, frozen, canned, and also as sushi dish. The Tuna Fish market is expanding due to the increasing consumption rate of canned tuna which is convenient to store and easy-to-ship. However, the high cost of Tuna could hinder market growth.

Consumers are becoming more aware of the health benefits of consuming seafood, including lower risk of heart disease and improved brain function, leading to increased demand for tuna. As global seafood consumption continues to rise, the demand for tuna is also increasing. Tuna is a global market. According to the report published by Developpement Durable & Relations Internationales (IDDRI), in 2018 Tuna consumption was estimated at 0.45 kg per capita per year, globally which represents 2.2% of global fish consumption. Moreover, sustainable and responsible fishing practices are becoming more crucial in the tuna market. Brands and companies that can demonstrate a commitment to sustainable sourcing and environmentally friendly fishing methods have a competitive advantage. However, the adoption of vegan and vegetarian eating habits stifles the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Tuna Fish Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022 due to the high per capita fish and seafood consumption and the presence of a well-organized seafood industry. Shoppers in the region are opting for healthy and functional foods that offer numerous health benefits for those with a hectic and active lifestyle. The Asia Pacific region is expected to experience significant growth during the forecast period. This growth can be attributed to the increasing population in countries such as India and China, coupled with rising per capita incomes, which have led to a higher demand for protein-rich foods like tuna. As a result, the seafood and aquaculture production and processing industries in Asia are expanding at a rapid pace due to the increased adoption of animal protein. According to the European Market Observatory for Fisheries and Aquaculture Products report from 2022, China accounts for over 80% of the aquaculture production in Asia, with Indonesia close to 70%, and India and Vietnam close to 60%.

Major market player included in this report are:
Bolton Group
Century Pacific Foods Inc. (CNPF)
The Jealsa Rianxeira S.AU. Group
Grupo Albacore S.A.
ITOCHU Corporation
Thai Union Group PCL
Dongwon Industries, Ltd.
Ireland Blyth Ltd. (IBL)
FCF Co. Ltd.
Sea Delight, LLC

Recent Developments in the Market:
 In January 2023, Next Tuna, a Tuna fish farming startup, announced its partnership with Skretting, a manufacturer of feeds for farmed fish, to create dry feeds for Atlantic Bluefin tuna fish.
 In August 2021 - Mind Fish Co., a seafood company, launched the Fair Trade Certified canned tuna product in the U.S. market. With the launch, consumers can have a clear conscience about sustainability and its positive impact on society.
 In April 2022, Bolton Groups Rio Mare launched a new range of pesto products that are rich in tuna, made with top-quality ingredients, and feature an all-Italian flavour.

Global Tuna Fish Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Species, Type, Type, Distribution Channel, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Species:
Skipjack
Albacore
Yellowfin
Bigeye
Bluefin
Others

By Type:
Canned
Fresh
Frozen

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Bolton Group
Century Pacific Foods Inc. (CNPF)
The Jealsa Rianxeira S.AU. Group
Grupo Albacore S.A.
ITOCHU Corporation
Thai Union Group PCL
Dongwon Industries, Ltd.
Ireland Blyth Ltd. (IBL)
FCF Co. Ltd.
Sea Delight, LLC

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