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Tuna Fish Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

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from $4,850 150 Pages Fortune Business Insights Pvt. Ltd. April, 2024 FOB18772817
Best Price Guarantee
Price from $4,850
Length 150 Pages
Publisher Fortune Business Insights Pvt. Ltd.
Published Date April, 2024
SKU FOB18772817

Tuna Fish Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Tuna Fish Market


The tuna fish market size was valued at USD 41.94 billion in 2023, and the market is now projected to grow from USD 42.96 billion in 2024 to USD 54.54 billion by 2032, exhibiting a CAGR of 3.01% during the forecast period of 2024-2030.

COVID-19 was widespread and had a significant effect on the direction of the worldwide tune fish market growth. Security measures and limitations actualized by governments essentially disturbed commercial fish arrivals, leading to diminished labor mobility, closures of restaurants, and the requirement of social removal conventions. As a result, the request for canned tuna plummeted, with the eatery exchange encountering a sharp decay of 80-90%, as detailed by the Nourishment and Agribusiness Organization (FAO).

The rising request for canned tuna fish market share is driven by its amplified shelf-life and cost-effectiveness, making it a favored choice among buyers looking for helpful and reasonable protein sources. Moreover, the presentation of inventive items by industry pioneers, such as the nutrient-rich canned tuna range propelled by Thai Union's John West brand, advance fortifies market growth.

The exponential growth in canned tuna consumption universally is fueled by its comfort, reasonableness, and amplified shelf-life as a protein source. Also, government activities advancing seafood production and a move towards more advantageous eating propensities are advance impelling the market's positive growth trajectory.

Comprehensive Analysis of Tuna Fish Market

The tuna fish market segmentation uncovers that skipjack tuna leads due to its broad accessibility and wholesome esteem, whereas bluefin tuna picks up ubiquity, particularly in sushi. In terms of item sort, canned tuna rules the market, driven by its well-being benefits and ease of utilization, with growing demand in Asian nations like India, China, and Japan. The fresh tuna segment is additionally balanced for significant growth, fueled by rising intrigue in Asian cuisines and the extension of sushi bars in European nations. Japan's expanding purport volume of prepared and canned tuna indicates maintained requests, whereas the development of online grocery stages upgrades availability to canned tuna items, assist boosting market expansion.

The Europe region lead the tuna fish market by benefitting a market size of USD 15.26 billion in 2023 due to high per capita seafood utilization and a well-established industry. The locale has seen expanded family consumption of fishery items and the presentation of inventive offerings to meet customer requests, cultivating market growth.

The top players within the tuna fish market are significant in driving growth and forming industry standards through innovative product launches and strategic partnerships. These players incorporate Bolton Gather (Italy), Century Pacific Nourishments Inc. (Philippines), and The Jealsa Rianxeira S.A.U. Bunch (Spain), Grupo Albacore S.A. (Spain), ITOCHU Organization (Japan), Thai Union Bunch Inc. (Thailand), Dongwon Ventures Co. Ltd. (South Korea), IBL Ltd. (Mauritius), FCF Co. Ltd. (Taiwan), and Ocean Charm (U.S.).

In July 2023, Thai Union Group's Sealect brand presented canned tuna steak in Himalayan pink brine, catering to health-conscious buyers. These activities reflect the persistent endeavors of market players to enhance and grow their product offerings in reaction to advancing buyer inclinations and market flow.

Segmentation Table

GlobalTuna Fish Market Scope

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Unit Value (USD Billion)

Growth Rate CAGR of 3.01% from 2024 to 2032

Segmentation By Species, Type and Region

By Species

Skipjack

Albacore

Yellowfin

Bigeye

Bluefin

Others

By Type

Canned

Fresh

Frozen

By Geography North America (By Species, Type, and Country)

-U.S. (By Type)

-Canada (By Type)

-Mexico (By Type)

Europe (By Species, Type, and Country)

-Spain (By Type)

-France (By Type)

-Italy (By Type)

-U.K. (By Type)

-Germany (By Type)

-Rest of Europe (By Type)

Asia Pacific (By Species, Type, and Country)

-China (By Type)

-India (By Type)

-Japan (By Type)

o Australia (By Type)

-Rest of the Asia Pacific (By Type)

South America (By Species, Type, and Country)

-Brazil (By Type)

-Argentina (By Type)

-Chile (By Type)

-Rest of South America (By Type)

Middle East & Africa (By Species, Type, and Country)

-UAE (By Type)

-South Africa (By Type)

-Rest of the Middle East & Africa (By Type)


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. Market Trends
4. Key Insights
4.1. Overview on the Parent/Related Market
4.1.1. Meat & Seafood Market
4.1.2. Tuna Supply Market Overview
4.2. Analysis of Meat, Poultry, and Seafood Consumption Trend
4.3. Supply Chain and Trade Analysis
4.4. Key Industry Developments – Policies, Mergers, Partnership & Acquisition
4.5. Qualitative Analysis (in Relation to COVID-19)
5. Global Tuna Fish Market Analysis, Insights and Forecast, 2024-2032
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecast
5.2.1. By Species (Value)
5.2.1.1. Skipjack
5.2.1.2. Albacore
5.2.1.3. Yellowfin
5.2.1.4. Bluefin
5.2.1.5. Bigeye
5.2.1.6. Others
5.2.2. By Type (Value)
5.2.2.1. Canned
5.2.2.2. Fresh
5.2.2.3. Frozen
5.2.3. By Region (Value)
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 Tuna Fish Market Analysis, Insights and Forecast, 2024-2032
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Species (Value)
6.2.1.1. Skipjack
6.2.1.2. Albacore
6.2.1.3. Yellowfin
6.2.1.4. Bluefin
6.2.1.5. Bigeye
6.2.1.6. Others
6.2.2. By Type (Value)
6.2.2.1. Canned
6.2.2.2. Fresh
6.2.2.3. Frozen
6.2.3. By Country (Value)
6.2.3.1. The U.S.
6.2.3.1.1. By Type (Value)
6.2.3.1.1.1. Canned
6.2.3.1.1.2. Fresh
6.2.3.1.1.3. Frozen
6.2.3.2. Canada
6.2.3.2.1. By Type (Value)
6.2.3.2.1.1. Canned
6.2.3.2.1.2. Fresh
6.2.3.2.1.3. Frozen
6.2.3.3. Mexico
6.2.3.3.1. By Type (Value)
6.2.3.3.1.1. Canned
6.2.3.3.1.2. Fresh
6.2.3.3.1.3. Frozen
7. Europe Tuna Fish Market Analysis, Insights and Forecast, 2024-2032
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Species (Value)
7.2.1.1. Skipjack
7.2.1.2. Albacore
7.2.1.3. Yellowfin
7.2.1.4. Bluefin
7.2.1.5. Bigeye
7.2.1.6. Others
7.2.2. By Type (Value)
7.2.2.1. Canned
7.2.2.2. Fresh
7.2.2.3. Frozen
7.2.3. By Country (Value)
7.2.3.1. Spain
7.2.3.1.1. By Type (Value)
7.2.3.1.1.1. Canned
7.2.3.1.1.2. Fresh
7.2.3.1.1.3. Frozen
7.2.3.2. France
7.2.3.2.1. By Type (Value)
7.2.3.2.1.1. Canned
7.2.3.2.1.2. Fresh
7.2.3.2.1.3. Frozen
7.2.3.3. Italy
7.2.3.3.1. By Type (Value)
7.2.3.3.1.1. Canned
7.2.3.3.1.2. Fresh
7.2.3.3.1.3. Frozen
7.2.3.4. U.K.
7.2.3.4.1. By Type (Value)
7.2.3.4.1.1. Canned
7.2.3.4.1.2. Fresh
7.2.3.4.1.3. Frozen
7.2.3.5. Germany
7.2.3.5.1. By Type (Value)
7.2.3.5.1.1. Canned
7.2.3.5.1.2. Fresh
7.2.3.5.1.3. Frozen
7.2.3.6. Rest of Europe
7.2.3.6.1. By Type (Value)
7.2.3.6.1.1. Canned
7.2.3.6.1.2. Fresh
7.2.3.6.1.3. Frozen
8. Asia Pacific Tuna Fish Market Analysis, Insights and Forecast, 2024-2032
8.1. Key Findings / Summary
8.1.1. By Species (Value)
8.1.1.1. Skipjack
8.1.1.2. Albacore
8.1.1.3. Yellowfin
8.1.1.4. Bluefin
8.1.1.5. Bigeye
8.1.1.6. Others
8.1.2. By Type (Value)
8.1.2.1. Canned
8.1.2.2. Fresh
8.1.2.3. Frozen
8.1.3. By Country (Value)
8.1.3.1. China
8.1.3.1.1. By Type (Value)
8.1.3.1.1.1. Canned
8.1.3.1.1.2. Fresh
8.1.3.1.1.3. Frozen
8.1.3.2. India
8.1.3.2.1. By Type (Value)
8.1.3.2.1.1. Canned
8.1.3.2.1.2. Fresh
8.1.3.2.1.3. Frozen
8.1.3.3. Japan
8.1.3.3.1. By Type (Value)
8.1.3.3.1.1. Canned
8.1.3.3.1.2. Fresh
8.1.3.3.1.3. Frozen
8.1.3.4. Australia
8.1.3.4.1. By Type (Value)
8.1.3.4.1.1. Canned
8.1.3.4.1.2. Fresh
8.1.3.4.1.3. Frozen
8.1.3.5. Rest of APAC
8.1.3.5.1. By Type (Value)
8.1.3.5.1.1. Canned
8.1.3.5.1.2. Fresh
8.1.3.5.1.3. Frozen
9. South America Tuna Fish Market Analysis, Insights and Forecast, 2024-2032
9.1. Key Findings / Summary
9.1.1. By Species (Value)
9.1.1.1. Skipjack
9.1.1.2. Albacore
9.1.1.3. Yellowfin
9.1.1.4. Bluefin
9.1.1.5. Bigeye
9.1.1.6. Others
9.1.2. By Type (Value)
9.1.2.1. Canned
9.1.2.2. Fresh
9.1.2.3. Frozen
9.1.3. By Country (Value)
9.1.3.1. Brazil
9.1.3.1.1. By Type (Value)
9.1.3.1.1.1. Canned
9.1.3.1.1.2. Fresh
9.1.3.1.1.3. Frozen
9.1.3.2. Argentina
9.1.3.2.1. By Type (Value)
9.1.3.2.1.1. Canned
9.1.3.2.1.2. Fresh
9.1.3.2.1.3. Frozen
9.1.3.3. Chile
9.1.3.3.1. By Type (Value)
9.1.3.3.1.1. Canned
9.1.3.3.1.2. Fresh
9.1.3.3.1.3. Frozen
9.1.3.4. Rest of South America
9.1.3.4.1. By Type (Value)
9.1.3.4.1.1. Canned
9.1.3.4.1.2. Fresh
9.1.3.4.1.3. Frozen
10. Middle East and Africa Tuna Fish Market Analysis, Insights and Forecast, 2024-2032
10.1. Key Findings / Summary
10.1.1. By Species (Value)
10.1.1.1. Skipjack
10.1.1.2. Albacore
10.1.1.3. Yellowfin
10.1.1.4. Bluefin
10.1.1.5. Bigeye
10.1.1.6. Others
10.1.2. By Type (Value)
10.1.2.1. Canned
10.1.2.2. Fresh
10.1.2.3. Frozen
10.1.3. By Country (Value)
10.1.3.1. South Africa
10.1.3.1.1. By Type (Value)
10.1.3.1.1.1. Canned
10.1.3.1.1.2. Fresh
10.1.3.1.1.3. Frozen
10.1.3.2. UAE
10.1.3.2.1. By Type (Value)
10.1.3.2.1.1. Canned
10.1.3.2.1.2. Fresh
10.1.3.2.1.3. Frozen
10.1.3.3. Rest of ME&A
10.1.3.3.1. By Type (Value)
10.1.3.3.1.1. Canned
10.1.3.3.1.2. Fresh
10.1.3.3.1.3. Frozen
11. Competitive Matrix
11.1. Business Strategies Adopted by Leading Players
11.2. Global Tuna Fish Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2023
12. Company Profiles
12.1. Bolton Group
12.1.1. Overview
12.1.2. Description
12.1.3. Type Portfolio
12.1.4. Financials (Data as available in public domain and/or on paid databases)
12.1.5. Recent Developments
12.2. Century Pacific Foods Inc.
12.2.1. Overview
12.2.2. Description
12.2.3. Type Portfolio
12.2.4. Financials (Data as available in public domain and/or on paid databases)
12.2.5. Recent Developments
12.3. The Jealsa Rianxeira S.AU. Group
12.3.1. Overview
12.3.2. Description
12.3.3. Type Portfolio
12.3.4. Financials (Data as available in public domain and/or on paid databases)
12.3.5. Recent Developments
12.4. Grupo Albacore S.A.
12.4.1. Overview
12.4.2. Description
12.4.3. Type Portfolio
12.4.4. Financials (Data as available in public domain and/or on paid databases)
12.4.5. Recent Developments
12.5. ITOCHU Corporation
12.5.1. Overview
12.5.2. Description
12.5.3. Type Portfolio
12.5.4. Financials (Data as available in public domain and/or on paid databases)
12.5.5. Recent Developments
12.6. Thai Union Group Inc.
12.6.1. Overview
12.6.2. Description
12.6.3. Type Portfolio
12.6.4. Financials (Data as available in public domain and/or on paid databases)
12.6.5. Recent Developments
12.7. Dongwon Enterprises Co. Ltd.
12.7.1. Overview
12.7.2. Description
12.7.3. Type Portfolio
12.7.4. Financials (Data as available in public domain and/or on paid databases)
12.7.5. Recent Developments
12.8. IBL Ltd.
12.8.1. Overview
12.8.2. Description
12.8.3. Type Portfolio
12.8.4. Financials (Data as available in public domain and/or on paid databases)
12.8.5. Recent Developments
12.9. FCF Co. Ltd.
12.9.1. Overview
12.9.2. Description
12.9.3. Type Portfolio
12.9.4. Financials (Data as available in public domain and/or on paid databases)
12.9.5. Recent Developments
12.10. Sea Delight
12.10.1. Overview
12.10.2. Description
12.10.3. Type Portfolio
12.10.4. Financials (Data as available in public domain and/or on paid databases)
12.10.5. Recent Developments

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