Tuna Fish Global Market Report 2024

Description

“Tuna Fish Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on tuna fish market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for tuna fish? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The tuna fish market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Canned; Fresh; Frozen
2) By Species: Skipjack; Yellowfin; Albacore; Bigeye; Bluefin; Other Species
3) By Distribution Channel: Supermarkets And Hypermarkets; Convenience Stores; Online Retails; Other Channels
Companies Mentioned: Bolton Group; ITOCHU Corporation; Thai Union Group Inc.; Dongwon Enterprises Co. Ltd.; FCF Co. Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Tuna fish encompasses large, energetic species within the scombroid family, many of which are highly valued for their culinary appeal or as targets in sport fishing. These fish typically feature a silvery underside and a dark top.

The primary categories of tuna fish are categorized as canned, fresh, and frozen. Canned tuna denotes tuna fish enclosed in a metal can, measuring 1 inch in length and 3 inches in diameter. This variety is accessible in diverse species, including skipjack, yellowfin, albacore, bigeye, bluefin, and others. These canned tuna products are widely distributed through supermarkets, hypermarkets, convenience stores, online retailers, and similar outlets.

The tuna fish market research report is one of a series of new reports from The Business Research Company that provides tuna fish market statistics, including the tuna fish industry's global market size, regional shares, competitors with a tuna fish market share, detailed tuna fish market segments, market trends, and opportunities, and any further data you may need to thrive in the tuna fish industry. This tuna fish market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The tuna fish market size has grown steadily in recent years. It will grow from $34.23 billion in 2023 to $35.38 billion in 2024 at a compound annual growth rate (CAGR) of 3.4%. The expansion observed during the historical period can be ascribed to heightened consumer awareness of health advantages, a surge in the demand for seafood products, global population growth, urbanization, the rise in the middle-class population, and the globalization of supply chains.

The tuna fish market size is expected to see steady growth in the next few years. It will grow to $40.04 billion in 2028 at a compound annual growth rate (CAGR) of 3.1%. The anticipated expansion in the forecast period can be linked to a sustained focus on promoting healthy eating habits, advancements in packaging for added convenience, the adoption of sustainable fishing practices and certifications, an increasing demand for ready-to-eat foods, and the growth of seafood retail channels. Noteworthy trends expected in the forecast period encompass regulatory adjustments, the impacts of climate change, evolving health and nutrition preferences, disruptions in global supply chains, the continued growth of retail and e-commerce, as well as cultural and regional preferences.

The considerable increase in tuna consumption is a significant factor contributing to the anticipated growth of the tuna fish market. Tuna fish, belonging to the genus Thunnus and comprising seven oceanic species, holds substantial commercial value as a food source. Consumed for its nutritional benefits, convenience, and versatility in cooking, tuna is rich in omega-3 fatty acids, protein, and essential nutrients. Notably, data from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) reveals that tuna fish production rose from $165 million in 2021 to $169 million in 2022, affirming the positive impact of increasing tuna consumption on the tuna fish market.

The growth of the tuna fish market is expected to be driven by the expanding global population. Population, encompassing the total number of individuals in a specific area or region, influences the demand for food, including seafood, as it rises. Tuna, being a popular protein source, experiences heightened consumption with the growth of the global population. The United Nations predicts a potential increase in the global population to approximately 8.5 billion by 2030, 9.7 billion by 2050, and 10.4 billion by 2100. Additionally, the Congressional Budget Office projects an increase in the US population from 335 million in 2022 to 369 million in 2052. Consequently, the upward trajectory of the population is expected to be a driving force behind the growth of the tuna fish market.

A prominent trend gaining traction in the tuna fish market is product innovation. Key players in the market are dedicated to developing new tuna fish products to meet evolving consumer preferences and growing health consciousness. As an illustration, in June 2022, Maldives Industrial Fisheries Company Limited (MIFCO), a company in the fishing industry based in the Maldives, introduced a novel canned tuna product named Drained Tuna Chunks. This product distinguishes itself from the company's previous canned tuna offerings by featuring reduced oil content. Notably, the new tuna cans eliminate the need to drain oil, alleviating common inconveniences associated with using canned tuna.

Strategic investments constitute a central focus for major companies in the tuna fish market, aimed at consolidating their market positions. Strategic investments involve the deliberate and planned allocation of financial resources to achieve specific long-term objectives within a business or organizational strategy. For example, in October 2023, BlueNalu, a US-based producer of cell-cultured seafood, concluded a $33.5 million Series B funding round and expanded partnerships with seafood industry leaders in the Asia-Pacific (APAC) region. This move is geared towards bringing BlueNalu's cell-cultured bluefin tuna to market upon receiving regulatory approval, with the funding supporting growth scaling and sustainable seafood provision.

In March 2022, F.C.F. Co. Ltd., a seafood conglomerate based in Taiwan, acquired Bumble Bee Foods for $928 million. This acquisition served to enhance F.C.F's presence in the North American seafood market. Bumble Bee Foods, a US-based producer of tuna fish products and other seafood items, became part of F.C.F.'s expanding portfolio.

Major companies operating in the tuna fish market report are Bolton Group, ITOCHU Corporation, Thai Union Group Inc., Dongwon Enterprises Co. Ltd., FCF Co. Ltd., Crown Prince Inc., Mitsubishi Corporation, American Tuna Company, Alliance Select Foods Inc., Wild Planet Foods Inc., Century Pacific Foods Inc., The Jealsa Rianxeira S. AU. Group, Grupo Albacore S.A., IBL Ltd., Sea Delight, Tri Marine Group, StarKist Tuna, Clover Leaf Seafoods Corp., Bumble Bee Foods LLC, Frinsa del Noroeste S.A., A.E.C. Canning Company Limited, Ocean Brands, Balfego Group, Mareblu SRL, Fish4Ever, John West Foods, Princes Group, Bajamar, Rio Mare, Maretti

Europe was the largest region in the tuna fish market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global tuna fish market report during the forecast period. The regions covered in the tuna fish market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the tuna fish market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The tuna fish market consists of sales of bullet tuna, longtail tuna, blackfin tuna and mackerel tuna. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12164

1. Executive Summary

2. Tuna Fish Market Characteristics

3. Tuna Fish Market Trends And Strategies

4. Tuna Fish Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Tuna Fish Market Size and Growth

5.1. Global Tuna Fish Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Tuna Fish Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Tuna Fish Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Tuna Fish Market Segmentation

6.1. Global Tuna Fish Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Canned
Fresh
Frozen
6.2. Global Tuna Fish Market, Segmentation By Species, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Skipjack
Yellowfin
Albacore
Bigeye
Bluefin
Other Species
6.3. Global Tuna Fish Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Supermarkets And Hypermarkets
Convenience Stores
Online Retails
Other Channels

7. Tuna Fish Market Regional And Country Analysis

7.1. Global Tuna Fish Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Tuna Fish Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Tuna Fish Market

8.1. Asia-Pacific Tuna Fish Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Tuna Fish Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Tuna Fish Market, Segmentation By Species, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Tuna Fish Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Tuna Fish Market

9.1. China Tuna Fish Market Overview
9.2. China Tuna Fish Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Tuna Fish Market, Segmentation By Species, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Tuna Fish Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Tuna Fish Market

10.1. India Tuna Fish Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Tuna Fish Market, Segmentation By Species, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Tuna Fish Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Tuna Fish Market

11.1. Japan Tuna Fish Market Overview
11.2. Japan Tuna Fish Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Tuna Fish Market, Segmentation By Species, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Tuna Fish Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Tuna Fish Market

12.1. Australia Tuna Fish Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Tuna Fish Market, Segmentation By Species, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Tuna Fish Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Tuna Fish Market

13.1. Indonesia Tuna Fish Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Tuna Fish Market, Segmentation By Species, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Tuna Fish Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Tuna Fish Market

14.1. South Korea Tuna Fish Market Overview
14.2. South Korea Tuna Fish Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Tuna Fish Market, Segmentation By Species, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Tuna Fish Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Tuna Fish Market

15.1. Western Europe Tuna Fish Market Overview
15.2. Western Europe Tuna Fish Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Tuna Fish Market, Segmentation By Species, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Tuna Fish Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Tuna Fish Market

16.1. UK Tuna Fish Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Tuna Fish Market, Segmentation By Species, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Tuna Fish Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Tuna Fish Market

17.1. Germany Tuna Fish Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Tuna Fish Market, Segmentation By Species, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Tuna Fish Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Tuna Fish Market

18.1. France Tuna Fish Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Tuna Fish Market, Segmentation By Species, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Tuna Fish Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Tuna Fish Market

19.1. Italy Tuna Fish Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Tuna Fish Market, Segmentation By Species, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Tuna Fish Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Tuna Fish Market

20.1. Spain Tuna Fish Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Tuna Fish Market, Segmentation By Species, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Tuna Fish Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Tuna Fish Market

21.1. Eastern Europe Tuna Fish Market Overview
21.2. Eastern Europe Tuna Fish Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Tuna Fish Market, Segmentation By Species, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Tuna Fish Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Tuna Fish Market

22.1. Russia Tuna Fish Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Tuna Fish Market, Segmentation By Species, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Tuna Fish Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Tuna Fish Market

23.1. North America Tuna Fish Market Overview
23.2. North America Tuna Fish Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Tuna Fish Market, Segmentation By Species, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Tuna Fish Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Tuna Fish Market

24.1. USA Tuna Fish Market Overview
24.2. USA Tuna Fish Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Tuna Fish Market, Segmentation By Species, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Tuna Fish Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Tuna Fish Market

25.1. Canada Tuna Fish Market Overview
25.2. Canada Tuna Fish Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Tuna Fish Market, Segmentation By Species, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Tuna Fish Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Tuna Fish Market

26.1. South America Tuna Fish Market Overview
26.2. South America Tuna Fish Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Tuna Fish Market, Segmentation By Species, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Tuna Fish Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Tuna Fish Market

27.1. Brazil Tuna Fish Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Tuna Fish Market, Segmentation By Species, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Tuna Fish Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Tuna Fish Market

28.1. Middle East Tuna Fish Market Overview
28.2. Middle East Tuna Fish Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Tuna Fish Market, Segmentation By Species, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Tuna Fish Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Tuna Fish Market

29.1. Africa Tuna Fish Market Overview
29.2. Africa Tuna Fish Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Tuna Fish Market, Segmentation By Species, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Tuna Fish Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Tuna Fish Market Competitive Landscape And Company Profiles

30.1. Tuna Fish Market Competitive Landscape
30.2. Tuna Fish Market Company Profiles
- 30.2.1. Bolton Group
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. ITOCHU Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Thai Union Group Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Dongwon Enterprises Co. Ltd.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. FCF Co. Ltd.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Tuna Fish Market Competitive Benchmarking

32. Global Tuna Fish Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Tuna Fish Market

34. Tuna Fish Market Future Outlook and Potential Analysis

34.1 Tuna Fish Market In 2028 - Countries Offering Most New Opportunities
34.2 Tuna Fish Market In 2028 - Segments Offering Most New Opportunities
34.3 Tuna Fish Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer