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

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

Canned fish is fish that has been processed, sealed in an airtight container (such as a sealed tin can) and heated. Canned food is a method of preserving food and usually provides a shelf life of one to five years.

Canned tuna and sardines are tuna and sardines which have been processed, sealed in an airtight container such as a sealed tin can, and subjected to heat. Canned tuna and sardines are rich in protein, high-quality fat, Omega-3 and other nutrients, and are affordable and easy to preserve.

Market Overview:

The latest research study on the global Canned Tuna and Sardines market finds that the global Canned Tuna and Sardines market reached a value of USD 12891.99 million in 2022. It’s expected that the market will achieve USD 18681.48 million by 2028, exhibiting a CAGR of 6.38% during the forecast period.

Comprehensive impact

Affected by the new coronavirus epidemic, many governments have promulgated social isolation policies to prohibit or call on people to stay at home and not go out at will. Many people began to snap up and stock up on various foods and necessities, including foods such as canned tuna and canned sardines that are easy to keep and easy to cook, so sales of canned tuna and sardines skyrocketed during the epidemic. However, the market for canned tuna and sardines has little impact in the short term, and even promotes the sales of canned tuna and sardines. But in the long run, if the virus continues to be uncontrollable worldwide, the tuna and sardine industry market will also be restricted. Therefore, the development of the subsequent epidemic is very important.

Consumer demand for convenience is growing

As the economy develops and people's lifestyles change, people's demand for convenience foods continues to grow. As the urbanization process accelerates, workers, white-collar workers, blue-collar workers, and other busy people are increasingly demanding convenient food. This helps to promote the development of the tuna and sardine industry market.

Rich nutrition

Canned tuna and sardines are rich in nutrients, rich in high-quality protein, omega-3 fatty acids, selenium, calcium, phosphorus and vitamin D and other nutrients, can improve the immune system, lower blood pressure, strengthen bones, lose weight and prevent cancer, improve Vision, reduce the risk of depression. The price of canned tuna and sardines is low and it is a very economical nutritious food.

Mercury pollution

Marine foods are generally affected by mercury pollution, and tuna and sardines are no exception. Mercury is a highly toxic metal that can have serious health effects.
Mercury is known to bioaccumulate in humans, so bioaccumulation in seafood carries over into human populations, where it can result in mercury poisoning. Mercury is dangerous to both natural ecosystems and humans because it is a metal known to be highly toxic, especially due to its ability to damage the central nervous system. In human-controlled ecosystems of fish, usually done for market production of wanted seafood species, mercury clearly rises through the food chain via fish consuming small plankton, as well as through non-food sources such as underwater sediment.
The presence of mercury in canned tuna and sardines can be a particular health concern for women who are or may become pregnant, nursing mothers, and young children.

Region Overview:

Geographically, Southeast Asia held the largest market share – 27.5% in 2022.

Company Overview:

Thai Union Group (TUF) is one of the major players operating in the Canned Tuna and Sardines market, holding a share of 27.21% in 2023.

Thai Union Group (TUF)

Thai Union Group is a Thailand-based producer of seafood-based food products. It was founded in 1977, and was listed on the Stock Exchange of Thailand (SET) on 22 November 1994.

Dongwon Industries

Dongwon Industries Co is South Korea's largest fishing company and owner of StarKist Tuna.

Segmentation Overview:

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

Application Overview:

By application, the Supermarket segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Canned Tuna and Sardines market covered in Chapter 3:

Hagoromo Foods
Bolton group
Crown Prince, Inc.
Camil Alimentos
Natural Sea
American Tuna
Dongwon
Bumble Bee Foods
Wild Planet
BELA
Grupo Calvo
Dongwon Industries
Frinsa del Noroeste
Thai Union Group (TUF)
Century Pacific Food

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

Canned Tuna
Canned Sardines

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

Canned Tuna
Canned Sardines

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)