Global Tuna Market Report and Forecast 2022-2027

Global Tuna Market Report and Forecast 2022-2027

Market Outlook

According to Expert Market Research’s latest report, ‘Global Tuna Market Report and Forecast 2022-2027’, the global tuna market attained a value of USD 57.96 billion in 2021. Aided by the rising consumer awareness regarding the nutritional value of tuna, the market is projected to further grow at a CAGR of 5.1% between 2022 and 2027 to reach a value of USD 78.20 billion by 2027.

Tuna is a saltwater fish found in warm seas of the Atlantic ocean and is fished for commercial purposes, particularly in the food industry. It is a rich source of vitamin D, phosphorous, selenium, potassium, and a moderate source of iron. It can be consumed fresh, frozen, or in the form of canned tuna. It is a versatile ingredient that is used in the preparation of a variety of dishes such as soups, sandwiches, salads, sushi, and spreads, among others. There are different tuna species like yellowfin, skipjack, and bluefin that offer different nutritional values, making them popular among consumers.

The rising awareness of the health benefits of tuna, in particular, its anti-ageing properties, low glycemic index, and rich protein content is projected to bolster the demand for tuna among the growing population. Tuna is known to improve metabolism and increase energy, while also helping in quick health recovery from various ailments such as stroke. In addition, the increased shelf life of canned and frozen tuna is bolstering their demand among the growing working-class segment, as they require less time for preparation and also offer various nutritional benefits. Furthermore, the cost-effectiveness and versatility of tuna are predicted to provide profitable growth opportunities to the market. Moreover, the growing adoption of sustainable fishing practices for tuna, which is denoted by the blue MSC label on the packaging is anticipated to further propel its demand among consumers. Also, the rapid technological advancements such as the use of electronics and satellites for fish finding and onboard conservation are expected to aid the market in the forecast period.

Market Segmentation

The market report by Expert Market Research analyses the market based on segmentations such as species, product type, and major region.

Market Breakup by Species

• Skipjack
• Yellowfin
• Albacore
• Bigeye
• Bluefin
• Others

Market Breakup by Product Type

• Canned
• Frozen
• Fresh

Market Breakup by Region

• Japan
• Indonesia
• Philippines
• United States
• China
• Taiwan P.C.
• Republic of Korea
• Spain
• European Union

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry. Some of the major players in the market explored in the Expert Market Research report are:

• American Tuna
• Thai Union Group PCL.
• Wild Planet
• Frinsa del Noroeste S.A.
• Bumble Bee Foods, LLC
• Clover Leaf Seafoods Corp.
• Others

*We, at Expert Market Research, always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.