Table of Contents
1. EXECUTIVE SUMMARY
2. MARKET INTRODUCTION
2.1. Market Definition
2.2. Scope of the Study
2.2.1. Research Objectives
2.2.2. Assumptions & Limitations
2.3. Market Structure
3. MARKET RESEARCH METHODOLOGY
3.1. Research Process
3.2. Secondary Research
3.3. Primary Research
3.4. Forecast Model
4. MARKET LANDSCAPE
4.1. Supply Chain Analysis
4.1.1. Raw Material Suppliers
4.1.2. Manufacturers/Producers
4.1.3. Distributors/Retailers/Wholesalers/E-Commerce
4.1.4. End Users
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitutes
4.2.5. Internal Rivalry
4.3. Impact of COVID-19 Outbreak on Canned Tuna Market
4.3.1. Impact on Production
4.3.2. Impact on Supply Chain
4.3.3. Impact on Raw Materials
4.3.4. Impact on Pricing
4.3.5. Others
5. MARKET DYNAMICS OF THE GLOBAL CANNED TUNA MARKET
5.1. Introduction
5.2. Drivers
5.3. Restraints
5.4. Opportunities
5.5. Challenges
6. GLOBAL CANNED TUNA MARKET, BY TYPE
6.1. Introduction
6.2. Albacore Tuna
6.2.1. Market Estimates & Forecast, 2020–2027
6.2.2. Market Estimates & Forecast, by Region, 2020–2027
6.3. Skipjack Tuna
6.3.1. Market Estimates & Forecast, 2020–2027
6.3.2. Market Estimates & Forecast, by Region, 2020–2027
6.4. Yellowfin Tuna
6.4.1. Market Estimates & Forecast, 2020–2027
6.4.2. Market Estimates & Forecast, by Region, 2020–2027
6.5. Others
6.5.1. Market Estimates & Forecast, 2020–2027
6.5.2. Market Estimates & Forecast, by Region, 2020–2027
7. GLOBAL CANNED TUNA MARKET, BY DISTRIBUTION CHANNEL
7.1. Introduction
7.2. Store-Based
7.2.1. Market Estimates & Forecast, 2020–2027
7.2.2. Market Estimates & Forecast, by Region, 2020–2027
7.2.3. Supermarkets & Hypermarkets
7.2.3.1. Market Estimates & Forecast, 2020–2027
7.2.3.2. Market Estimates & Forecast, by Region, 2020–2027
7.2.4. Convenience Stores
7.2.4.1. Market Estimates & Forecast, 2020–2027
7.2.4.2. Market Estimates & Forecast, by Region, 2020–2027
7.2.5. Others
7.2.5.1. Market Estimates & Forecast, 2020–2027
7.2.5.2. Market Estimates & Forecast, by Region, 2020–2027
7.3. Non-Store-Based
7.3.1. Market Estimates & Forecast, 2020–2027
7.3.2. Market Estimates & Forecast, by Region, 2020–2027
8. GLOBAL CANNED TUNA MARKET, BY REGION
8.1. Introduction
8.2. North America
8.2.1. Market Estimates & Forecast, 2020–2027
8.2.2. Market Estimates & Forecast, by Type, 2020–2027
8.2.3. Market Estimates & Forecast, by Distribution Channel, 2020–2027
8.2.4. Market Estimates & Forecast, by Country, 2020–2027
8.2.5. US
8.2.5.1. Market Estimates & Forecast, by Type, 2020–2027
8.2.5.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027
8.2.6. Canada
8.2.6.1. Market Estimates & Forecast, by Type, 2020–2027
8.2.6.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027
8.2.7. Mexico
8.2.7.1. Market Estimates & Forecast, by Type, 2020–2027
8.2.7.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027
8.3. Europe
8.3.1. Market Estimates & Forecast, 2020–2027
8.3.2. Market Estimates & Forecast, by Type, 2020–2027
8.3.3. Market Estimates & Forecast, by Distribution Channel, 2020–2027
8.3.4. Market Estimates & Forecast, by Country, 2020–2027
8.3.5. Germany
8.3.5.1. Market Estimates & Forecast, by Type, 2020–2027
8.3.5.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027
8.3.6. UK
8.3.6.1. Market Estimates & Forecast, by Type, 2020–2027
8.3.6.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027
8.3.7. France
8.3.7.1. Market Estimates & Forecast, by Type, 2020–2027
8.3.7.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027
8.3.8. Spain
8.3.8.1. Market Estimates & Forecast, by Type, 2020–2027
8.3.8.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027
8.3.9. Italy
8.3.9.1. Market Estimates & Forecast, by Type, 2020–2027
8.3.9.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027
8.3.10. Rest of Europe
8.3.10.1. Market Estimates & Forecast, by Type, 2020–2027
8.3.10.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027
8.4. Asia-Pacific
8.4.1. Market Estimates & Forecast, 2020–2027
8.4.2. Market Estimates & Forecast, by Type, 2020–2027
8.4.3. Market Estimates & Forecast, by Distribution Channel, 2020–2027
8.4.4. Market Estimates & Forecast, by Country, 2020–2027
8.4.5. China
8.4.5.1. Market Estimates & Forecast, by Type, 2020–2027
8.4.5.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027
8.4.6. Japan
8.4.6.1. Market Estimates & Forecast, by Type, 2020–2027
8.4.6.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027
8.4.7. India
8.4.7.1. Market Estimates & Forecast, by Type, 2020–2027
8.4.7.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027
8.4.8. Australia & New Zealand
8.4.8.1. Market Estimates & Forecast, by Type, 2020–2027
8.4.8.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027
8.4.9. Rest of Asia-Pacific
8.4.9.1. Market Estimates & Forecast, by Type, 2020–2027
8.4.9.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027
8.5. Rest of the World
8.5.1. Market Estimates & Forecast, 2020–2027
8.5.2. Market Estimates & Forecast, by Type, 2020–2027
8.5.3. Market Estimates & Forecast, by Distribution Channel, 2020–2027
8.5.4. Market Estimates & Forecast, by Region, 2020–2027
8.5.5. South America
8.5.5.1. Market Estimates & Forecast, by Type, 2020–2027
8.5.5.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027
8.5.6. Middle East
8.5.6.1. Market Estimates & Forecast, by Type, 2020–2027
8.5.6.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027
8.5.7. Africa
8.5.7.1. Market Estimates & Forecast, by Type, 2020–2027
8.5.7.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027
9. COMPETITIVE LANDSCAPE
9.1. Introduction
9.2. Market Strategy
9.3. Key Development Analysis
(Expansions/Mergers & Acquisitions/Joint Ventures/New Product Developments/Agreements/Investments)
10. COMPANY PROFILES
10.1. Grupo Calvo.
10.1.1. Company Overview
10.1.2. Financial Updates
10.1.3. Product/Business Segment Overview
10.1.4. Strategies
10.1.5. Key Developments
10.1.6. SWOT Analysis
10.2. Ocean Brands
10.2.1. Company Overview
10.2.2. Financial Updates
10.2.3. Product/Business Segment Overview
10.2.4. Strategies
10.2.5. Key Developments
10.2.6. SWOT Analysis
10.3. American Tuna Inc
10.3.1. Company Overview
10.3.2. Financial Updates
10.3.3. Product/Business Segment Overview
10.3.4. Strategies
10.3.5. Key Developments
10.3.6. SWOT Analysis
10.4. PT. Aneka Tuna Indonesia.
10.4.1. Company Overview
10.4.2. Financial Updates
10.4.3. Product/Business Segment Overview
10.4.4. Strategies
10.4.5. Key Developments
10.4.6. SWOT Analysis
10.5. Wild Planet Foods Inc.
10.5.1. Company Overview
10.5.2. Financial Updates
10.5.3. Product/Business Segment Overview
10.5.4. Strategies
10.5.5. Key Developments
10.5.6. SWOT Analysis
10.6. Sea Value PLC
10.6.1. Company Overview
10.6.2. Financial Updates
10.6.3. Product/Business Segment Overview
10.6.4. Strategies
10.6.5. Key Developments
10.6.6. SWOT Analysis
10.7. Frinsa del Noroeste S.A.
10.7.1. Company Overview
10.7.2. Financial Updates
10.7.3. Product/Business Segment Overview
10.7.4. Strategies
10.7.5. Key Developments
10.7.6. SWOT Analysis
10.8. Thai Union Group PCL
10.8.1. Company Overview
10.8.2. Financial Updates
10.8.3. Product/Business Segment Overview
10.8.4. Strategies
10.8.5. Key Developments
10.8.6. SWOT Analysis
10.9. Bumble Bee Foods LLC
10.9.1. Company Overview
10.9.2. Financial Updates
10.9.3. Product/Business Segment Overview
10.9.4. Strategies
10.9.5. Key Developments
10.9.6. SWOT Analysis
10.10. Century Pacific Food Inc..
10.10.1. Company Overview
10.10.2. Financial Updates
10.10.3. Product/Business Segment Overview
10.10.4. Strategies
10.10.5. Key Developments
10.10.6. SWOT Analysis
11. CONCLUSION
LIST OF TABLES
TABLE 1 Global Canned Tuna Market, by Region, 2020–2027 (USD Million)
TABLE 2 Global Canned Tuna Market, by Type, 2020–2027 (USD Million)
TABLE 3 Global Canned Tuna Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 4 North America: Canned Tuna Market, by Country, 2020–2027 (USD Million)
TABLE 5 North America: Canned Tuna Market, by Type, 2020–2027 (USD Million)
TABLE 6 North America: Canned Tuna Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 7 US: Canned Tuna Market, by Type, 2020–2027 (USD Million)
TABLE 8 US: Canned Tuna Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 9 Canada: Canned Tuna Market, by Type, 2020–2027 (USD Million)
TABLE 10 Canada: Canned Tuna Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 11 Mexico: Canned Tuna Market, by Type, 2020–2027 (USD Million)
TABLE 12 Mexico: Canned Tuna Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 13 Europe: Canned Tuna Market, by Country, 2020–2027 (USD Million)
TABLE 14 Europe: Canned Tuna Market, by Type, 2020–2027 (USD Million)
TABLE 15 Europe: Canned Tuna Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 16 Germany: Canned Tuna Market, by Type, 2020–2027 (USD Million)
TABLE 17 Germany: Canned Tuna Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 18 France: Canned Tuna Market, by Type, 2020–2027 (USD Million)
TABLE 19 France: Canned Tuna Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 20 Italy: Canned Tuna Market, by Type, 2020–2027 (USD Million)
TABLE 21 Italy: Canned Tuna Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 22 Spain: Canned Tuna Market, by Type, 2020–2027 (USD Million)
TABLE 23 Spain: Canned Tuna Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 24 UK: Canned Tuna Market, by Type, 2020–2027 (USD Million)
TABLE 25 UK: Canned Tuna Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 26 Rest of Europe: Canned Tuna Market, by Type, 2020–2027 (USD Million)
TABLE 27 Rest of Europe: Canned Tuna Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 28 Asia-Pacific: Canned Tuna Market, by Country, 2020–2027 (USD Million)
TABLE 29 Asia-Pacific: Canned Tuna Market, by Type, 2020–2027 (USD Million)
TABLE 30 Asia-Pacific: Canned Tuna Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 31 China: Canned Tuna Market, by Type, 2020–2027 (USD Million)
TABLE 32 China: Canned Tuna Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 33 India: Canned Tuna Market, by Type, 2020–2027 (USD Million)
TABLE 34 India: Canned Tuna Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 35 Japan: Canned Tuna Market, by Type, 2020–2027 (USD Million)
TABLE 36 Japan: Canned Tuna Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 37 Rest of Asia-Pacific: Canned Tuna Market, by Type, 2020–2027 (USD Million)
TABLE 38 Rest of Asia-Pacific: Canned Tuna Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 39 Rest of the World (RoW): Canned Tuna Market, by Region, 2020–2027 (USD Million)
TABLE 40 Rest of the World (RoW): Canned Tuna Market, by Type, 2020–2027 (USD Million)
TABLE 41 Rest of the World (RoW): Canned Tuna Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 42 South America: Canned Tuna Market, by Type, 2020–2027 (USD Million)
TABLE 43 South America: Canned Tuna Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 44 Middle East: Canned Tuna Market, by Type, 2020–2027 (USD Million)
TABLE 45 Middle East: Canned Tuna Market, by Distribution Channel, 2020–2027 (USD Million)
TABLE 46 Africa: Canned Tuna Market, by Type, 2020–2027 (USD Million)
TABLE 47 Africa: Canned Tuna Market, by Distribution Channel, 2020–2027 (USD Million)
LIST OF FIGURES
FIGURE 1 Global Canned Tuna Market Segmentation
FIGURE 2 Forecast Research Methodology
FIGURE 3 Porter’s Five Forces Analysis of the Global Canned Tuna Market
FIGURE 4 Value Chain of the Global Canned Tuna Market
FIGURE 5 Share of the Global Canned Tuna Market in 2020, by Country (%)
FIGURE 6 Global Canned Tuna Market, by Region, 2020–2027,
FIGURE 7 Global Canned Tuna Market Size, by Type, 2020
FIGURE 8 Share of the Global Canned Tuna Market, by Type, 2020–2027 (%)
FIGURE 9 Global Canned Tuna Market Size, by Distribution Channel, 2020
FIGURE 10 Share of the Global Canned Tuna Market, by Distribution Channel, 2020–2027 (%)
Canned Tuna Market
Canned Tuna Market is projected to reach USD 9.16 Billion by 2030 at a CAGR of 4.2% from 2020-2027.
$9.16 Billion
Market Size
4.2%
CAGR
Europe
Dominating Region
2020-2027
Forecast Period
Segmentation
Key Players
- Grupo Calvo. (Spain)
- Ocean Brands (Canada)
- American Tuna Inc. (US)
- Aneka Tuna Indonesia. (Indonesia)
- Wild Planet Foods Inc. (California)
- Sea Value PLC (Thailand)
- Frinsa del Noroeste S.A. (Spain)
- Thai Union Group PCL (Thailand)
- Bumble Bee Foods LLC (US)
- Century Pacific Food Inc. (Philippines)
Drivers
- Long shelf life by canned tuna
- Strong performance by the food service industry
- The increase in consumption of convenience food products has boosted the demand for canned tuna
Canned Tuna Market Overview
As per the research reports by MRFR, the global market for canned fish is estimated to attain a size of over USD 9.16 Billion by the end of 2027. Furthermore, the market is anticipated to flourish at a CAGR of over 4.2% during the forecasted era from 2020 to 2027.
Canned tuna is the tuna products processed and then packed into an airtight container like tin and then exposed to heat. It is a crucial source of nutrients and vitamins such as omega-3 fatty acids, Vitamin D, and selenium. The global market for canned tuna has registered enormous growth in the last few years. The market's growth is mainly attributed to the shifting consumer preference for seafood in various cuisines across the globe. Furthermore, with a busy lifestyle and rise in convenience food consumption, the market has witnessed a major spike in demand for canned tuna. Moreover, factors such as growth in the dependency on ready-to-eat foods and prepared meals, the longer shelf life of around one to five years and increasing consumption of packaged tuna across the globe are also likely to catalyze the growth of the canned tuna market over the forecasted era. On the other hand, the market's growth is anticipated to be restricted by the regulatory framework and the risk of food contamination & diseases.
Market Synopsis
Canned Tuna Market has witnessed exponential growth in the last few years. The pandemic has created lucrative opportunities for canned tuna manufacturers across the globe. Various health benefits are offered by canned tuna, such as reduction in blood pressure, improvments the immune system, strengthening of the bones, improvments in the skin health, and prevention of kidney disease. Rising awareness of health benefits offered by canned tuna is further expected to fuel its demand among the consumers. The rise in sales of canned tuna through various foodservice outlets and supermarkets is further expected to amplify the growth of the canned tuna market during the forecast period.
Market USP
Increase in adoption of canned tuna in ready to eat and processed food
Market Drivers
- Long shelf life by canned tuna: Canned tuna has longer shelf life and preservatives that maintain the essential nutrients. The rising health benefits of canned tuna among the consumers is driving its demand among the consumers.
- Strong performance by the food service industry
- Rising awareness of the health benefits of canned tuna
- The increase in consumption of convenience food products has boosted the demand for canned tuna
- Effective marketing strategies
- The advent of eCommerce platforms
Market Restraints
- Risk of food contamination & diseases
- Regulatory framework
Segmentation
By Type
- Skipjack Tuna: The segment accounted for the largest market share in 2019 and is projected to remain dominant during the forecast period. The skipjack tuna is the most heavily fished tuna and accounts for 60% of the legally caught tuna landed worldwide.
- Yellowfin Tuna:
- Albacore Tuna:
- Others:
By Distribution Channel
- Store-Based: The majority of canned tuna is sold through store-based retailers. This segment has been further divided into supermarkets and hypermarkets, convenience stores, and others. The supermarkets and hypermarkets segment dominated the market in 2019 and is anticipated to dominate during the forecast period.
- Non-Store-Based
By Region
- North America: North America accounted for a substantial share of the canned tuna market. The widespread consumption of canned tuna for its rich source of proteins and essential omega-3 fatty acids has fueled its demand in this region. The rising demand for canned tuna is driving the growth of North America's canned tuna industry.
- Europe: Europe dominated the canned tuna market in 2019 with an increase in the demand for ready-to-eat meals in the region. Spain is the major market for canned tuna in Europe. It is the largest exporter of frozen and prepared tuna in the canning industry. Canned tuna comprises 83% of the canned food, which is being exported by Spain. The rising awareness of the health benefits of canned tuna in Europe is further expected to drive its demand among consumers.
- Asia-Pacific:
- Rest of the World
Recent Development
- October 2021- A collaboration between The Nature Conservancy and the Republic of the Marshall Islands is set to offer canned tuna to Walmart stores for the store's Great Value brand across the United States.
- August 2021- Bolton Group International has announced the acquisition of Wild Planet Foods, with a target of further strengthening its position in the global canned tuna market. Both the firms will operate to offer a best-in-class sustainable supply chain.
Key Players
- Grupo Calvo. (Spain)
- Ocean Brands (Canada)
- American Tuna Inc. (US)
- Aneka Tuna Indonesia. (Indonesia)
- Wild Planet Foods Inc. (California)
- Sea Value PLC (Thailand)
- Frinsa del Noroeste S.A. (Spain)
- Thai Union Group PCL (Thailand)
- Bumble Bee Foods LLC (US)
- Century Pacific Food Inc. (Philippines)
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size |
|
| CAGR | 4.2% (2020-2027) |
| Base Year | 2019 |
| Forecast Period | 2020-2027 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type and Distribution Channel |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Grupo Calvo. (Spain), Ocean Brands (Canada), American Tuna Inc. (US), Aneka Tuna Indonesia. (Indonesia), Wild Planet Foods Inc. (California), Sea Value PLC (Thailand), Frinsa del Noroeste S.A. (Spain), Thai Union Group PCL (Thailand), Bumble Bee Foods LLC (US), Century Pacific Food Inc. (Philippines) |
| Key Market Opportunities | Rising awareness of health benefits offered by canned tuna is further expected to fuel its demand among the consumers |
| Key Market Drivers |
|
Frequently Asked Questions (FAQ) :
USD 8.8 Billion by 2026 is predicted to steer the market on a global scale.
A 4.2% CAGR is estimated to create momentum for the expansion of the global market.
The surging consumption of convenience food items is foreseen to enhance the market.
American Tuna Inc. (U.S.), Grupo Calvo. (Spain), Ocean Brands (Canada), Aneka Tuna Indonesia. (Indonesia) and Wild Planet Foods Inc. (California) are the leaders in the market.
The European regional market is projected to enhance the market in the impending period.
