Tuna Market Research Report Information by Species (Skipjack, Yellowfin, Albacore, Bigeye and Bluefin), By Type (Canned, Fresh and Frozen), By End User (Residential/Retail and Commercial/HoReCa), By Distribution Channel (Store Based and Non-Store Based),

Tuna Market Research Report Information by Species (Skipjack, Yellowfin, Albacore, Bigeye and Bluefin), By Type (Canned, Fresh and Frozen), By End User (Residential/Retail and Commercial/HoReCa), By Distribution Channel (Store Based and Non-Store Based), and By Region (North America, Europe, Asia-Pacific, South America, and Middle East and Africa) Industry Forecast Till 2032

Tuna market size was estimated at USD 39.54 billion in 2023. The tuna market is expected to expand from 2024 to USD 52.68 billion by 2032, with a compound annual growth rate (CAGR) of 3.20% during the forecast period (2024-2032).

Increased seafood consumption worldwide is one of the primary drivers of the tuna industry.

Increased seafood consumption worldwide is one of the primary drivers of the tuna industry. The demand for tuna has increased dramatically as more people become aware of the health benefits of eating fish, particularly its high protein content and essential omega-3 fatty acids. Tuna is particularly popular due of its availability and versatility. As consumers choose more nutrient-dense foods, the market is expected to expand due to their increased desire for good eating habits.

Market Segment insights
Skipjack, Yellowfin, Albacore, Bigeye, and Bluefin are among the tuna species segmented in the market.
The market is divided into three types: canned, fresh, and frozen.
The market is divided into two segments based on end user: residential/retail and commercial/HoReCa.
Tuna Market segmentation by distribution channels includes both store-based and non-store-based.

Tuna Regional Insights
Europe's tuna market will account for 36.1% of the market in 2023 and is predicted to grow at a 3.2% CAGR.
In North America, canned tuna remains a household and restaurant staple. This continuous appeal is primarily due to its ease, long shelf life, and versatility in a wide range of recipes, including sandwiches, salads, and casseroles. Starkist, Bumble Bee, and Chicken of the Sea dominate the canned tuna sector, offering a wide range of products from plain to flavored to accommodate a diverse spectrum of consumer tastes.

The Asia-Pacific market is expected to be worth USD 9,807.19 in 2023 and USD 16,257.46 in 2032, with a compound annual growth rate of 6.52% over the forecast period. The market study covers China, Japan, India, Australia and New Zealand, South Korea, and the rest of Asia-Pacific. Due to the widespread consumption of tuna among diverse consumer groups, India continues to occupy a substantial proportion of the tuna market.

Europe has a significant impact on the global tuna market because of the consumption habits, trade dynamics, and regulatory frameworks that shape its industry environment. Tuna is an important ingredient in European cuisine, and both canned and fresh forms are widely consumed across the continent. Canned tuna is very popular in Europe because of its convenience and long shelf life. It is a popular ingredient in sandwiches, salads, and pasta dishes.

Major Players
Bolton Group, Century Pacific Food, Inc. (CNPF), Salica Industria Alimentaria, American Tuna, Frinsa, Golden Prize Canning Co., Ltd., Bumble Bee Foods, LLC, Dongwon Group, Crown Prince, Inc., and Monsoon Fisheries are among the tuna market's key players.