Global Bluefin Tuna Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Bluefin Tuna Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Bluefin tuna is a common name used to refer to several species of tuna of the genus Thunnus. Bluefin tuna is the best type of fish meat for sushi and other seafood dishes. Its incredible flavor and marbelization make it stand out from other types of fish meat.

Market Overview:

The latest research study on the global Bluefin Tuna market finds that the global Bluefin Tuna market reached a value of USD 240.37 million in 2022. It’s expected that the market will achieve USD 272.09 million by 2028, exhibiting a CAGR of 2.09% during the forecast period.

Bluefin Tuna Market Challenges

Bluefin Tuna is very valuable, so fishing must have a license issued by the government. Bluefin Tuna has been threatened by overfishing. Overfishing may affect the long-term development of Bluefin Tuna industry, leading to threats to ecological balance. Bluefin Tuna is an important part of the food chain in the marine ecosystem. It eats some small fish and crustaceans. If it is finally extinct, the ecological balance of the relevant sea areas may be destroyed.

At present, the five major tuna protection organizations in the world and the relevant departments of the United Nations have worked hard for many years to set the catch of each country, and have made various resolutions to restrict tuna trafficking.

The current five major tuna conservation organizations are ICCAT, WCPFC, IATTC, CCSBT and IOTC.

From the target sea areas under the jurisdiction of each committee, it can be seen that the survival range of various tuna groups has been basically covered, and every year these conservation organizations will also set the tuna fishing limit in their respective sea areas.

However, there are still many problems in implementation. First of all, the fishing limit and other provisions promulgated by these organizations are not enforceable. Secondly, there is a game between various interest groups behind these organizations, and the ultimate fishing cap is the product of compromise between all parties.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

Marubeni Corporation is one of the major players operating in the Bluefin Tuna market, holding a share of 19.01% in 2021.

Marubeni Corporation is a trading company with business divisions in iron and steel, information technology, utility and infrastructure, energy, food, metals and mineral resources, development and construction, industrial machinery, and chemicals.

In 1999 Bluefiná (Baja Aqua Farms) began its operations in Mexico, and has evolved to become the leader in Bluefin tuna ranching worldwide. Located in the pristine oceanic waters off the coast of Baja California, the company has more than 1,210.6 hectares of farming locations distributed around the coast, which allows for farming of Pacific Bluefin Tuna all year round. Bluefiná now produces up to 3500 tons of the finest, freshest Bluefin tuna for markets around the globe including Asia and the United States.

Segmentation Overview:

Among different product types, Freezing segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Aquatic Products Market & Catering Procurement segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Bluefin Tuna market covered in Chapter 3:

Yama Seafood, Inc.
Kyokuyo
Chubby Fish Inc.
North Atlantic Traders Ltd.
Maruha Nichiro
Bluefiná
Seamax Global S.L.
Marubeni Corporation
SS Fishery Co.,Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the Bluefin Tuna market from 2018 to 2029 is primarily split into:

Freezing
Fresh
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Bluefin Tuna market from 2018 to 2029 covers:

Hypermarket & Supermarket
Aquatic Products Market & Catering Procurement
Online

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)