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Report
Global Tuna Market Report and Forecast 2023-2028
Market Report I 2023-03-29 I 114 Pages I EMR Inc.
Global Tuna Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global tuna market attained a value of USD 21.97 billion in 2022. Aided by the increasing demand for protein-rich food products and the growing popularity of canned and processed tuna, the market is projected to further grow at a CAGR of 7.5% between 2023 and 2028 to reach a value of USD 33.75 billion by 2028.
Tuna is a saltwater fish belonging to the Thunnini tribe, which includes various species like albacore, yellowfin, bigeye, and skipjack, among others. Tuna is rich in proteins, vitamins, and minerals, while being low in fat. Tuna is consumed fresh, frozen, or processed in various forms, such as canned, smoked, and dried, making it a versatile and convenient option for consumers.
The global tuna market growth is primarily driven by the increasing demand for protein-rich food products, as consumers are becoming more health-conscious and focusing on maintaining a balanced diet. Tuna is a valuable source of lean protein, omega-3 fatty acids, and vital nutrients like vitamin D and selenium, which have a variety of health benefits like strengthening brain function, promoting muscular growth, and improving heart health.
Another significant factor propelling the growth of the tuna market is the growing popularity of canned and processed tuna products. Canned tuna is convenient, has a long shelf life, and can be used in a variety of recipes, making it an attractive option for busy consumers. The rising demand for ready-to-eat and easy-to-prepare food products has resulted in an increase in the consumption of canned and processed tuna, thereby boosting the market growth.
Moreover, the expanding foodservice industry and the increasing number of sushi and seafood restaurants worldwide are positively impacting the global tuna market expansion. Additionally, the rising disposable income levels and the changing consumer preferences towards diverse food options have further supported the market demand.
Market players are introducing new tuna-based products, such as ready-to-eat tuna meals, tuna snacks, and tuna sushi, to cater to the evolving preferences of consumers, which is driving the tuna market growth. Sustainable and convenient packaging solutions, such as recyclable cans and pouches, are being introduced by manufacturers to enhance the appeal of their tuna products, thereby attracting more customers.
Market Segmentation
The market can be divided based on species, product type, production by region, and consumption by region.
Market Breakup by Species
- Skipjack
- Yellowfin
- Albacore
- Bigeye
- Bluefin
- Others
Market Breakup by Product Type
- Canned
- Frozen
- Fresh
Market Breakup by Production by Region
- Japan
- Indonesia
- Philippines
- Taiwan P.C.
- Republic of Korea
- Spain
- Others
Market Breakup by Consumption by Region
- Japan
- United States
- China
- Taiwan P.C.
- Republic of Korea
- European Union
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global tuna companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- American Tuna
- Thai Union Group PCL.
- Wild Planet
- Frinsa del Noroeste S.A.
- Bumble Bee Foods, LLC
- Clover Leaf Seafoods Corp
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Tuna Market Analysis
8.1 Key Industry Highlights
8.2 Global Tuna Historical Market (2018-2022)
8.3 Global Tuna Market Forecast (2023-2028)
8.4 Global Tuna Market by Species
8.4.1 Skipjack
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Yellowfin
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Albacore
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Bigeye
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Bluefin
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Global Tuna Market by Product Type
8.5.1 Canned
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Frozen
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Fresh
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Tuna Production by Region
8.6.1 Market Share
8.6.1.1 Japan
8.6.1.2 Indonesia
8.6.1.3 Philippines
8.6.1.4 Taiwan P.C.
8.6.1.5 Republic of Korea
8.6.1.6 Spain
8.6.1.7 Others
8.7 Global Tuna Consumption by Region
8.7.1 Market Share
8.7.1.1 Japan
8.7.1.2 United States
8.7.1.3 China
8.7.1.4 Taiwan P.C.
8.7.1.5 Republic of Korea
8.7.1.6 European Union
8.7.1.7 Others
9 Regional Analysis
9.1 Regional Production Analysis
9.1.1 Japan
9.1.1.1 Historical Trend (2018-2022)
9.1.1.2 Forecast Trend (2023-2028)
9.1.2 Indonesia
9.1.2.1 Historical Trend (2018-2022)
9.1.2.2 Forecast Trend (2023-2028)
9.1.3 Philippines
9.1.3.1 Historical Trend (2018-2022)
9.1.3.2 Forecast Trend (2023-2028)
9.1.4 Taiwan P.C.
9.1.4.1 Historical Trend (2018-2022)
9.1.4.2 Forecast Trend (2023-2028)
9.1.5 Republic of Korea
9.1.5.1 Historical Trend (2018-2022)
9.1.5.2 Forecast Trend (2023-2028)
9.1.6 Spain
9.1.6.1 Historical Trend (2018-2022)
9.1.6.2 Forecast Trend (2023-2028)
9.2 Regional Consumption Analysis
9.2.1 Japan
9.2.1.1 Historical Trend (2018-2022)
9.2.1.2 Forecast Trend (2023-2028)
9.2.2 United States
9.2.2.1 Historical Trend (2018-2022)
9.2.2.2 Forecast Trend (2023-2028)
9.2.3 China
9.2.3.1 Historical Trend (2018-2022)
9.2.3.2 Forecast Trend (2023-2028)
9.2.4 Taiwan P.C.
9.2.4.1 Historical Trend (2018-2022)
9.2.4.2 Forecast Trend (2023-2028)
9.2.5 Republic of Korea
9.2.5.1 Historical Trend (2018-2022)
9.2.5.2 Forecast Trend (2023-2028)
9.2.6 European Union
9.2.6.1 Historical Trend (2018-2022)
9.2.6.2 Forecast Trend (2023-2028)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 Skipjack Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.2 Yellowfin Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.3 Albacore Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.4 Bigeye Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.5 Bluefin Historical Price Trends (2018-2022) and Forecast (2023-2028)
13 Tuna Processing
13.1 Manufacturing Process
13.2 Operations Involved
13.3 Mass Balance and Raw Material Requirements
14 Project Details, Requirements and Cost Analysis
14.1 Land, Location and Site Development
14.2 Construction
14.3 Plant Machinery
14.4 Raw Material Requirement and Expenditure
14.5 Manpower Requirement and Expenditure
14.6 Other Capital Investment
15 Loans and Financial Assistance
16 Project Economics
16.1 Capital Cost of Project
16.2 Techno-Economic Parameters
16.3 Tuna Processing Cost Breakup
16.4 Taxation and Depreciation
16.5 Income Projections
16.6 Expenditure Projections
16.7 Financial Analysis
16.8 Profit Analysis
17 Competitive Landscape
17.1 Market Structures
17.2 Company Profiles
17.2.1 American Tuna
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Thai Union Group PCL.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Wild Planet
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Frinsa del Noroeste S.A.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Bumble Bee Foods, LLC
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Clover Leaf Seafoods Corp
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Others
18 Industry Events and Developments
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