Tuna Market: Global Industry Trends, Share, Size, Growth, Demand by Region and Forecast Till 2024

Global Tuna Market Report, Historical Growth & Analysis of Top Key Players

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Report Description and Highlights

Report Description

Tuna Market Report By Product Type (Canned, Frozen and Fresh), Species (Skipjack, Yellowfin, Albacore, Bigeye and Bluefin), Region Over the recent years, the global tuna market has witnessed a positive growth due to numerous health benefits offered by tuna consumption along with longer shelf-life and rising sales of ready-to-eat product variants.

Market Overview: According to the latest report by IMARC Group, titled “Tuna Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global tuna market size was US$ 11.7 Billion in 2018. Tuna refers to a saltwater fish which belongs to the Thunnini tribe and is commonly found in the temperate and subtropical waters of the Mediterranean Sea, the Black Sea and the Atlantic Ocean. It provides essential nutrients including vitamin B12, vitamin B6, niacin, proteins, omega-3 fatty acids and several minerals. It also offers numerous health benefits such as averting the skin and kidneys from developing infections, encouraging the development of muscles, and enhancing blood circulation and metabolism in the human body.

Report Description

Report Description and Highlights

Global Tuna Market Trends: Rapid urbanization in confluence with international food trends has altered the current food preferences and habits of consumers. For instance, the increasing popularity of sushi around the world has catalyzed the demand for tuna, especially in new markets such as the Middle East, Central Asia and Latin America. Moreover, as a result of hectic schedules of consumers, fresh tuna trade has been surpassed by the consistently increasing demand for canned tuna and other ready-to-eat and frozen variants. This can also be accredited to the extensive shelf-life and ease of transportation of these products over larger distances. In addition to this, the increasing production of processed tuna products is aiding in generating employment opportunities in the entire value chain including catching, processing and trade of tuna. Apart from this, with the growing environmental concerns, numerous companies are offering Marine Stewardship Council (MSC) certified tuna which is captured and processed using sustainable methods. By 2024, the market is projected to reach a value of US$ 14.2 Billion, expanding at a CAGR of 3.2% during 2019-2024.

Tuna Market Segmentation: Market Segmentation by Species o Skipjack

Market Forecast

Sample Figure: Global: Tuna Market Forecast: Production Volume (in Million Tons), 2019-2024

184.3

191.7

199.3

207.3

2019

2020

2021

2022

215.6

224.2

2023

2024

Market Segmentation

Report Description o o o o

Yellowfin Albacore Bigeye Bluefin

Based on species, the report finds that Skipjack tuna dominates the total market. Skipjack tuna is followed by Yellowfin, Bigeye, Albacore and Bluefin.

Market Segmentation by Product Type o Canned o Frozen o Fresh On the basis of type, the market has been segmented as canned, fresh and frozen tuna. Amongst these, canned tuna is the most popular product type, accounting for the majority of the global share.

Production Breakup by Region Request for a sample report: https://www.imarcgroup.com/request?type=report&id=985&flag=B

Market Segmentation

Report Description

For more information, click here: https://www.imarcgroup.com/tuna-market • • • • • • •

Japan Indonesia Philippines Taiwan P.C. Republic of Korea Spain Others

Consumption Breakup by Region • • • •

Japan USA Republic of Korea Others

Region-wise, Japan represents both the largest consumer and producer of tuna worldwide. Some of the other major producers include Indonesia, Philippines, Taiwan P.C., Republic of Korea and Spain, whereas, the United States and Republic of Korea are the major consumers of tuna.

Market Segmentation

Report Description Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players.

• • • •

Thai Union Tri Marine Starkist Others

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Report Description and Highlights

Report Description

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