Product Code: GVR-4-68038-985-2
Market Growth & Trends
The global canned tuna market size is expected to reach USD 11.89 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.7% from 2020 to 2027. The growing adoption of seafood among consumers is expected to be a key factor for market growth. Moreover, exceptional nutritional properties, coupled with excellent taste and texture associated with tuna species, are expected to expand the market scope over the next few years.
Consumers around the world are increasingly adding canned tuna in their daily meals as it has rich nutritional properties with great taste and excellent seafood experience. Canned tuna is widely used in various daily dishes as well as delicacies, including salads, croquette, sandwiches, burgers, pasta, tacos, and sushi. These dishes are easily cooked in less time at home, and thus they are highly appreciated by the consumers who believe in home cooking and a healthy lifestyle. These consumer trends are anticipated to boost the demand for the product across the globe over the forecast period.
Europe was the largest regional market with a revenue share of more than 40.0% in 2019 owing to the growing preference for nutritious, ready-to-eat, and convenient seafood choices. The U.S. is one of the largest consumers in the world with a consumption of 1.3-kilogram per capita as per the statistics provided by the FAO, Globefish. The Asia Pacific is witnessing decent growth in the market with some of the largest canned tuna consuming countries, including Japan, Australia, South Korea, China, and Indonesia.
Report Highlights:
- By product, the skipjack segment accounted for the largest volume share of more than 55.0% in 2019. Exceptional nutritional properties associated with this species are expected to expand the segment reach in the near future
- The yellowfin product segment is anticipated to witness the fastest growth with a revenue-based CAGR of 5.0% from 2020 to 2027. These products have been gaining popularity among consumers owing to their rich taste and excellent texture
- Hypermarket and supermarket was the largest distribution channel segment with a volume share of more than 60.0% in 2019 and is anticipated to maintain the lead over the forecast period
- The Middle East and Africa is anticipated to be the fastest-growing regional market with a revenue-based CAGR of 5.6% from 2020 to 2027. Strong untapped potential in Middle Eastern and African countries, including Saudi Arabia and Egypt, is expected to remain a favorable factor for the regional market growth.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Data
- 1.3.2. GVR's Internal Data
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Product Outlook
- 2.3. Distribution Channel Outlook
- 2.4. Competitive Insights
Chapter 3. Canned Tuna Market Variables, Trends & Scope
- 3.1. Market Introduction
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Sales/Retail Channel Analysis
- 3.3.2. Profit Margin Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Business Environment Analysis
- 3.5.1. Industry Analysis - Porter's
- 3.5.1.1. Supplier Power
- 3.5.1.2. Buyer Power
- 3.5.1.3. Substitution Threat
- 3.5.1.4. Threat from New Entrant
- 3.5.1.5. Competitive Rivalry
- 3.6. Roadmap of Canned Tuna Market
- 3.7. Market Entry Strategies
- 3.8. Impact of COVID-19
Chapter 4. Consumer Behavior Analysis
- 4.1. Consumer Trends and Preferences
- 4.2. Factors Affecting Buying Decision
- 4.3. Consumer Product Adoption
- 4.4. Observations & Recommendations
Chapter 5. Canned Tuna Market: Product Estimates & Trend Analysis
- 5.1. Product Movement Analysis & Market Share, 2019 & 2027
- 5.2. Skipjack
- 5.2.1. Market estimates and forecast, 2016 - 2027 (Kilo Tons) (USD Million)
- 5.3. Yellowfin
- 5.3.1. Market estimates and forecast, 2016 - 2027 (Kilo Tons) (USD Million)
- 5.4. Others
- 5.4.1. Market estimates and forecast, 2016 - 2027 (Kilo Tons) (USD Million)
Chapter 6. Canned Tuna Market: Distribution Channel Estimates & Trend Analysis
- 6.1. Distribution Channel Movement Analysis & Market Share, 2019 & 2027
- 6.2. Hypermarket & Supermarket
- 6.2.1. Market estimates and forecast, 2016 - 2027 (Kilo Tons) (USD Million)
- 6.3. Specialty Stores
- 6.3.1. Market estimates and forecast, 2016 - 2027 (Kilo Tons) (USD Million)
- 6.4. Online
- 6.4.1. Market estimates and forecast, 2016 - 2027 (Kilo Tons) (USD Million)
Chapter 7. Canned Tuna Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2019 & 2027
- 7.2. North America
- 7.2.1. Market estimates and forecast, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.2.2. Market estimates and forecast, by product, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.2.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.2.4. The U.S.
- 7.2.4.1. Market estimates and forecast, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.2.4.2. Market estimates and forecast, by product, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.2.4.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.3. Europe
- 7.3.1. Market estimates and forecast, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.3.2. Market estimates and forecast, by product, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.3.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.3.4. Italy
- 7.3.4.1. Market estimates and forecast, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.3.4.2. Market estimates and forecast, by product, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.3.4.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.3.5. Spain
- 7.3.5.1. Market estimates and forecast, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.3.5.2. Market estimates and forecast, by product, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.3.5.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.3.6. The U.K.
- 7.3.6.1. Market estimates and forecast, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.3.6.2. Market estimates and forecast, by product, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.3.6.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecast, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.4.2. Market estimates and forecast, by product, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.4.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.4.4. Japan
- 7.4.4.1. Market estimates and forecast, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.4.4.2. Market estimates and forecast, by product, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.4.4.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.4.5. Australia
- 7.4.5.1. Market estimates and forecast, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.4.5.2. Market estimates and forecast, by product, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.4.5.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.5. Central & South Africa
- 7.5.1. Market estimates and forecast, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.5.2. Market estimates and forecast, by product, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.5.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecast, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.6.2. Market estimates and forecast, by product, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.6.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.6.4. Saudi Arabia
- 7.6.4.1. Market estimates and forecast, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.6.4.2. Market estimates and forecast, by product, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.6.4.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.6.5. Egypt
- 7.6.5.1. Market estimates and forecast, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.6.5.2. Market estimates and forecast, by product, 2016 - 2027 (Kilo Tons) (USD Million)
- 7.6.5.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (Kilo Tons) (USD Million)
Chapter 8. Competitive Analysis
- 8.1. Key global players, recent developments & their impact on the industry
- 8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
- 8.3. Vendor Landscape
- 8.3.1. Key company market share analysis, 2019
Chapter 9. Company Profiles
- 9.1. Frinsa del Noroeste S.A.
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Strategic Initiatives
- 9.2. Thai Union Group PCL
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Strategic Initiatives
- 9.3. Bumble Bee Foods LLC
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Strategic Initiatives
- 9.4. Century Pacific Food Inc.
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Strategic Initiatives
- 9.5. Jealsa
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Strategic Initiatives
- 9.6. Grupo Calvo
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Strategic Initiatives
- 9.7. Wild Planet Foods Inc.
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Strategic Initiatives
- 9.8. PT. Aneka Tuna Indonesia
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Strategic Initiatives
- 9.9. American Tuna Inc.
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Strategic Initiatives
- 9.10. Ocean Brands
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Strategic Initiatives
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