Global
canned tuna market is anticipated to face a steady growth in coming
years due to various vendors in the market trying to come up with
better products. According to a report by Transparency Market
Research, the market’s competitive landscape is currently
fragmented because vendors are engaging in stiff competition. The
vendors are competing on the basis of brand, distribution, price, and
quality. The vendors are catering regional market according to the
region’s taste and preferences. Along with their socioeconomic and
economic conditions. New experiments and innovations in taste and
flavour is likely to boost the market and show significant rise in
the global canned tuna market. Some of the leading companies in the
market are Alliance Select Foods International, Inc., Princes Group,
American Tuna Inc., Ocean Brands GP, and Aneka Tuna Indonesia.
Get
Brochure For More Information@
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18581
The
global market for canned tuna is likely to rise at CAGR of 3.8%
during the forecast period of 2017 to 2025. The global revenue of the
canned tuna market held US$ 10,496.1 mn in 2017 and is predicted to
value US$ 14,125.5 mn by the end of forecast period. According to
product, Bluefin tuna is expected to rise as the leading product
among all other products in the segment. Geographically, Europe held
the maximum share in the global canned tuna market during 2017 and is
expected to lead the market during the forecast period due to high
consumption of tuna in this region.
The
demand for ready to eat and easy to cook foods will likely add value
to the rise of tuna in the market. Many regions have high demand for
super frozen tuna leading to rise in growth of the market. Developed
regions are ready to pay high and experiment with different variety
of tuna dishes due to large amount of disposable income thus, leading
to rise in growth of the same. Rise in demand for tuna from emerging
economies such as Middle East and ASEAN due to increase in exports in
this region is likely to increase the revenue growth of canned
tuna market in this region. The increase in shipment in these
regions have also boosted the market. Easy availability of canned
tuna food in the market increases its consumption among people. These
canned tuna food are also affordable hence, increasing the revenue
growth in the global market. Tuna also provide health benefits like
boosting immune system. They are natural antioxidants and provide
omega3 which is very healthy for the body. Increase demand for exotic
food in restaurants and hotels has also brought significant rise in
the canned tuna market.
The
consumers being aware about the death of dolphins due to tuna fishing
will likely hamper the growth of canned tuna market. Consumers have
sensitivity against death of dolphins and adverse effects of buying
tuna. This is expected to hamper the growth of canned tuna market
globally. The fight of canned tuna market with environmental
organizations had severely damaged the growth of the market.
Additionally, consumers are aware of the harmful effects of excess
fishing. This is leading in extinction and destruction of fish
species therefore, they restrain from buying tuna fish.
No comments:
Post a Comment