Canned Tuna Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Canned Tuna Market
The global canned tuna market size was valued at USD 7.74 billion in 2019 and is projected to grow to USD 10.60 billion by 2032, exhibiting a CAGR of 2.50% during the forecast period of 2020-2032.
The lockdown situations and the COVID-19 pandemic influenced canned tuna most effectively for sales of the improved call as buyers turned to shelf-stable and convenient food options throughout the lockdowns. Restrictions placed on fishing activities and disruptions in the supply chain impacted the industry slightly and slowed the canned tuna market growth.
Canned tuna is driven by the buying trends of consumers who desire easy-to-prepare, rich in protein foods, increased health consciousness, and comparatively cheaper than fresh sea foods. Other reasons for its global popularity increase include expanding urbanization and a busy life.
Much has also begun to be said about the need to practice sustainable fishing within the canned tuna business. They are irritated with so-called dolphin-safe tuna and are looking for origin and certification to ensure it is sustainably sourced; thus, the canned tuna market share has grown worldwide. When sustainability becomes a brand’s goal, it will be easier for them to think sustainably with clients and contribute to a sustainable future for the ocean.
Comprehensive Analysis of Canned Tuna Market
The canned tuna market is segmented via kind and distribution channels. Canned light tuna dominates the market, attributed to its health advantages, flavorful taste, and ease of garage and training, making it a favored desire in culinary dishes. It is rich in omega-3 and six fatty acids, protein, and nutrition D. Canned white tuna, derived from albacore, is predicted to grow because of its low-calorie content material and company texture, attractive to health-aware purchasers. By distribution channels, supermarkets and hypermarkets lead, providing various product ranges, bundling schemes, and comfort. Additionally, online retail is gaining traction, supplying discounted prices and doorstep delivery alternatives pushed by urbanization and changing lifestyles.
The North America region led the canned tuna market by benefitting a size of USD 3.10 million in 2019 due to the setup supply chain and growing demand for comfort food; the marketplace is anticipated to experience an increase.
The leading players in the canned tuna market significantly influence its growth trajectory and set industry standards. Key players, including Thai Union Group PCL (Thailand), StarKist Co. (U.S.), A.E.C. Canning Company Limited (Thailand), American Tuna Inc. (U.S.), Bumble Bee Foods LLC (U.S.), Century Pacific Food Inc. (Philippines), Crown Prince Inc. (U.S.), Grupo Albacora SA (Spain), Wild Planet Foods Inc. (U.S.), Golden Prize Canning Co. Ltd. (Thailand), Ocean's (Canada), and Dongwon Enterprise Co., Ltd. (South Korea), contribute to a competitive landscape, driving innovation and advancing the market.
In April 2021, Waitrose, a UK-based grocery store chain, added the USA's first albacore and yellowfin tuna certified by the celebrated Marine Stewardship Council (MSC). The grocery store collaborated with governments, NGOs, and suppliers for over 10 years to convey those certified products to the UK market.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Million)
SegmentationBy Type
Canned Light Tuna
Canned White Tuna
By Distribution Channel
Supermarkets/Hypermarkets
Specialty Stores
Convenience Stores
Online Retail
By Region
North America (U.S., Canada, and Mexico)
Europe (U.K., France, Italy, Spain, Germany, Russia, and the Rest of Europe)
Asia-Pacific (China, India, Japan, Australia, and the Rest of Asia- Pacific)
South America (Brazil, Argentina, and the Rest of South America)
Middle East & Africa (South Africa, UAE, and the Rest of the MEA)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Emerging Trends
- 4. Key Insights
- 4.1. Overview of the Parent/Related Markets
- 4.2. Supply Chain & Regulatory Analysis
- 4.3. Industry SWOT Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Type Launches, and Mergers & Acquisitions
- 5. Global Canned Tuna Market Analysis, Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Type
- 5.2.1.1. Canned Light Tuna
- 5.2.1.2. Canned White Tuna
- 5.2.2. By Distribution Channel
- 5.2.2.1. Hypermarket/Supermarkets
- 5.2.2.2. Specialty Stores
- 5.2.2.3. Online Retail
- 5.2.3. By Region
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia Pacific
- 5.2.3.4. South America
- 5.2.3.5. Middle East & Africa
- 6. North America Canned Tuna Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Type
- 6.2.1.1. Canned Light Tuna
- 6.2.1.2. Canned White Tuna
- 6.2.2. By Distribution Channel
- 6.2.2.1. Hypermarket/Supermarkets
- 6.2.2.2. Specialty Stores
- 6.2.2.3. Online Retail
- 6.2.3. By Country
- 6.2.3.1. U.S
- 6.2.3.2. Canada
- 6.2.3.3. Mexico
- 7. Europe Canned Tuna Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Type
- 7.2.1.1. Canned Light Tuna
- 7.2.1.2. Canned White Tuna
- 7.2.2. By Distribution Channel
- 7.2.2.1. Hypermarket/Supermarkets
- 7.2.2.2. Specialty Stores
- 7.2.2.3. Online Retail
- 7.2.3. By Country
- 7.2.3.1. Germany
- 7.2.3.2. U.K.
- 7.2.3.3. France
- 7.2.3.4. Spain
- 7.2.3.5. Italy
- 7.2.3.6. Russia
- 7.2.3.7. Rest of Europe
- 8. Asia Pacific Canned Tuna Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Type
- 8.2.1.1. Canned Light Tuna
- 8.2.1.2. Canned White Tuna
- 8.2.2. By Distribution Channel
- 8.2.2.1. Hypermarket/Supermarkets
- 8.2.2.2. Specialty Stores
- 8.2.2.3. Online Retail
- 8.2.3. By Country
- 8.2.3.1. China
- 8.2.3.2. Japan
- 8.2.3.3. India
- 8.2.3.4. Australia
- 8.2.3.5. Rest of Asia Pacific
- 9. South America Canned Tuna Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Type
- 9.2.1.1. Canned Light Tuna
- 9.2.1.2. Canned White Tuna
- 9.2.2. By Distribution Channel
- 9.2.2.1. Hypermarket/Supermarkets
- 9.2.2.2. Specialty Stores
- 9.2.2.3. Online Retail
- 9.2.3. By Country
- 9.2.3.1. Brazil
- 9.2.3.2. Argentina
- 9.2.3.3. Rest of South America
- 10. Middle East & Africa Canned Tuna Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Type
- 10.2.1.1. Canned Light Tuna
- 10.2.1.2. Canned White Tuna
- 10.2.2. By Distribution Channel
- 10.2.2.1. Hypermarket/Supermarkets
- 10.2.2.2. Specialty Stores
- 10.2.2.3. Online Retail
- 10.2.3. By Country
- 10.2.3.1. South Africa
- 10.2.3.2. UAE
- 10.2.3.3. Rest of Middle East & Africa
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Canned Tuna Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 12. Company Profiles
- 13. 12.1A.E.C. Canning Company Limited
- 13.1.
- 13.1.1. Overview
- 13.1.2. Description
- 13.1.3. Type Portfolio
- 13.1.4. Financials (Data as available in public domain and/or on paid databases)
- 13.1.5. Recent Developments
- 13.2. American Tuna Inc.
- 13.2.1. Overview
- 13.2.2. Description
- 13.2.3. Type Portfolio
- 13.2.4. Financials (Data as available in public domain and/or on paid databases)
- 13.2.5. Recent Developments
- 13.3. Bumble Bee Foods LLC
- 13.3.1. Overview
- 13.3.2. Description
- 13.3.3. Type Portfolio
- 13.3.4. Financials (Data as available in public domain and/or on paid databases)
- 13.3.5. Recent Developments
- 13.4. Century Pacific Food Inc.
- 13.4.1. Overview
- 13.4.2. Description
- 13.4.3. Type Portfolio
- 13.4.4. Financials (Data as available in public domain and/or on paid databases)
- 13.4.5. Recent Developments
- 13.5. Crown Prince Inc.
- 13.5.1. Overview
- 13.5.2. Description
- 13.5.3. Type Portfolio
- 13.5.4. Financials (Data as available in public domain and/or on paid databases)
- 13.5.5. Recent Developments
- 13.6. Wild Planet Foods Inc.
- 13.6.1. Overview
- 13.6.2. Description
- 13.6.3. Type Portfolio
- 13.6.4. Financials (Data as available in public domain and/or on paid databases)
- 13.6.5. Recent Developments
- 13.7. Golden Prize Canning Co. Ltd.
- 13.7.1. Overview
- 13.7.2. Description
- 13.7.3. Type Portfolio
- 13.7.4. Financials (Data as available in public domain and/or on paid databases)
- 13.7.5. Recent Developments
- 13.8. Ocean's
- 13.8.1. Overview
- 13.8.2. Description
- 13.8.3. Type Portfolio
- 13.8.4. Financials (Data as available in public domain and/or on paid databases)
- 14. 12.1.5.Recent Developments
- 14.1. Dongwon Enterprise Co., Ltd
- 14.1.1. Overview
- 14.1.2. Description
- 14.1.3. Type Portfolio
- 14.1.4. Financials (Data as available in public domain and/or on paid databases)
- 14.1.5. Recent Developments
- 14.2. Thai Union Group PCL
- 14.2.1. Overview
- 14.2.2. Description
- 14.2.3. Type Portfolio
- 14.2.4. Financials (Data as available in public domain and/or on paid databases)
- 14.2.5. Recent Developments
- 15. Strategic Recommendations
- 16. 14.Appendix
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