Canned
Tuna Market: Overview
Canning
of food product is a method of preserving food in which the food
contents are processed under controlled atmosphere and conditions and
sealed in an airtight container. Canning helps in increasing shelf
life of a product typically ranging from one to five years, although
under specific circumstances it can be much longer than that. Tuna
fish has been widely popular since it has a specific taste along with
various health benefits that lures the masses. Canned tuna was
perceived in order to increase its shelf life plus feasibility to
store it and import it to another countries where tuna fish is not
easily available owing to lack of resources. Rising popularity of
canned tuna among consumers will put the market on necessary thrust
and escalate the market CAGR of canned tuna market.
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Canned
Tuna Market: Drivers & Restraints
Canned
tuna has been gaining popularity amongst the masses due to the fact
that such canned tuna are processed to be consumed with or without
other food items. Tuna fish provides various health benefits for
which it has gained significant popularity amongst it consumers.
Health benefits such as enhances heart health, controls blood
pressure, helps in growth and development, assist in weight loss and
obesity, boost immune system, fire up energy levels, increases blood
circulation, cancer prevention, reduces probability of kidney
diseases, reduce inflammation, cell membrane damage are associated
with consumption of tuna fish. Increase in trade network among
various nations. Rise in modern retail outlets, establishments of
processed food industry across countries with development of food
parks. Increase in investments by budding entrepreneurs in processed
food industry are few of the viable factors which is driving the
canned tuna market.
Recent
research study has revealed that canned tuna consumption can be
hazardous to one’s health, illegal fishing of tuna, depletion in
tuna population are few possible restraint which can affect the
growth of canned tuna market.
Canned
Tuna Market: Market Segmentation
The
canned
tuna market is segmented into four parts based on the product
type, distribution channels, and geography. Few possible health
benefits which canned tuna fish provides
Based
on the product type the canned tuna market is segmented into:
- Albacore Tuna
- Skipjack Tuna
- Yellowfin Tuna
- Bigeye Tuna
- Bluefin Tuna
Based
on the type of distribution channels canned tuna market is segmented
into:
- Internet Retailing
- Mass Retailers
- Direct Selling
- Others
Canned
Tuna Market: Regional Outlook
Regarding
geography, canned tuna market has been categorized into five key
regions including North America, Western Europe, Eastern Europe,
APEJ, Japan, Latin America, and the Middle East & Africa. North
America is anticipated to witness canned tuna market to register a
healthy CAGR during the forecast period. This is due to the very fact
that packaged food has a strong demand in North America due to the
prevalence of culture where such foods are preferred and moreover
canned tuna has been a staple food for North American dwellers.
Asia-Pacific represents the significantly higher market share next to
North America over the forecast period. Countries in APEJ such as
India, China, and Thailand are witnessing significantly higher demand
for canned tunas due to increase in consumption of canned tunas among
the masses. Western Europe stands next to APEJ for canned tuna
market, where the consumers prefers canned tunas for breakfast and
salads Eastern Europe has a similar trend alike Western Europe. Japan
has been a strong market for canned tuna. The population of Japan
have a special liking towards fish and sea products owing to its
geography and canned tuna has been one of the favorites for Japanese.
MEA and Latin America has also been witnessing affinity for canned
tuna and over the forecast period the market of canned tuna will gain
significant share in these regions.
Canned
tuna Market: Key Players
Some
of the key players identified in the canned tuna market are:-
- Wild Planet
- AMERICAN TUNA INC
- The Tuna Store LLC
- Trader Joe
- Safeway Inc.
- Others
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