Canned Tuna Market Size, Trends, Insights, Share, Competition, Opportunities, and Growth Forecasts by Segments, 2023 to 2032

Canned Tuna Market was estimated to be nearly USD 8.44 billion in 2021, and is expected to grow at a CAGR of 4.7% during the period 2023-2028

The market is classified as part of the global packaged foods and meats industry in the studies. The global packaged foods and meats products market includes manufacturers or food processing vendors who are involved in food processing to eradicate bacteria and extend shelf life. This market is based on the combined revenue generated by the market's vendors. Our research report has analysed external variables influencing parent market growth over the projection period.

The canned tuna market is a significant sector of the global seafood industry, accounting for a considerable share of the world's seafood production. Canned tuna is a popular source of protein and a convenient food item, especially for people who lead busy lifestyles or do not have access to fresh seafood. The global canned tuna market is expected to grow in the coming years, driven by factors such as an increasing population, rising demand for seafood products, and the convenience offered by canned tuna. The market is also influenced by consumer preferences, such as a preference for sustainably caught tuna, which has led to the development of eco-friendly fishing practices and certifications.

Consumers are buying more canned tuna since the benefits of consuming the product in suggested amounts per week exceed the risks of mercury levels that may be consumed along with the product. Canned tuna consumption has increased as a strong source of omega-3 fatty acids, protein, selenium, and vitamin D, with over US$ 653 million in imports in 2017, while the US exported approximately US$ 47 million canned tuna.

Because of the advancement of e-commerce and the improvement of the supply chain, the market has expanded favourably. The number of online food-buying platforms has grown in response to recent advancements in the accessibility of processed food goods. Because of the internet's expanding popularity, new e-commerce opportunities have emerged. Because it is more convenient, the millennial generation likes to make purchases through numerous internet channels. The construction of numerous new malls and convenience stores in recent years has sparked customers' interest.

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Global Canned Tuna Market: Segmentations

Global Canned Tuna Market: By Key Players

Dongwon

Bumble Bee Foods

Thai Union Group (TUF)

Crown Prince, Inc.

Natural Sea

Wild Planet

American Tuna

Century Pacific Food

Frinsa del Noroeste

Hagoromo

Global Canned Tuna Market: By Types

Canned White Tuna

Canned Light Tuna

Global Canned Tuna Market: By Applications

Supermarkets and Hypermarkets

Convenience Stores

Online Retailers

Global Canned Tuna Market: Regional Analysis

The countries covered in the regional analysis of the Global Canned Tuna market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Key Takeaways:

• Asia-Pacific held the largest market share in 2023, owing to the growing urbanization and changing consumer lifestyles that are driving up the demand. North America is estimated to grow the fastest during the forecast period of 2023-2032, owing to the rising cases of cardiovascular diseases in the region.
• The growing consumer demand for processed food products is driving growth in the market.
• As consumers become more health conscious, they are consuming more in their daily lives. This boosts the Market since it lowers the risk of heart disease and high blood pressure.
• A detailed analysis of strengths, weaknesses, opportunities and threats would be provided in the Market Report.

Some of the Key Questions Answered in this Report:

• What is the global (North America, Europe, Asia-Pacific, South America, Middle East and Africa) sales value, production value, consumption value, import and export of Processed Mango Product?
• Who are the global key manufacturers of the Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?
• What are the market opportunities and threats faced by the vendors in the global Industry?
• Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
• What focused approach and constraints are holding the market?
• What are the different sales, marketing, and distribution channels in the global industry?
• What are the upstream raw materials and manufacturing equipment of along with the manufacturing process of Processed Mango Product?
• What are the key market trends impacting the growth of the market?
• Economic impact on the industry and development trend of the industry.
• What are the market opportunities, market risk, and market overview of the market?
• What are the key drivers, restraints, opportunities, and challenges of the market, and how they are expected to impact the market?
• What is the market size at the regional and country-level?

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