Canned Tuna Market Reaching a Value Worth US$ 14,125.5 Mn by 2025

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.

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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.

Canned Tuna Market – Future Demand Strategies 2025

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 PDF Sample 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. 

Canned Tuna Market Latest Trends & Regional Growth Forecast by Types & Applications 2018

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.

Get more Information: https://www.prnewswire.com/news-releases/high-pricing-and-selective-ban-on-fishing-to-collectively-affect-global-canned-tuna-market-transparency-market-research-estimates-a-cagr-of-38-over-2017-2025-677731123.html

Everything You Want to Know About the Global Canned Tuna Market

This report provides forecast and analysis of the global Canned Tuna market. It provides historical data of 2015 along with estimated data of 2017, and forecast data up to 2025 in terms of revenue (US$ Mn). The report also includes macroeconomic indicators along with an outlook on Canned Tuna for global market. It includes drivers and restraints of the global Canned Tuna market and their impact on each region during the forecast period. The report also comprises the study of current issues with consumers and opportunities for Canned Tuna products. It also includes value chain analysis.

Get Brochure For More Information@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18581

In order to provide users of this report with comprehensive view of the market, we have included detailed competitiveness analysis and market key players and strategy overview. The dashboard provides detailed comparison of Canned Tuna manufacturers on parameters such as total revenue, product offerings, and key strategy. The study encompasses market attractiveness analysis by species type, distribution channel, end-use and region.

The report includes Canned Tuna market company profiles and the revenue generated from the companies across North America, Latin America, Europe, APAC, and MEA. By species type, the global Canned Tuna market is segmented as albacore, yellowfin tuna, skipjack tuna, Bluefin tuna, bigeye tuna and longtail tuna. By distribution channel, the market is segmented as direct and indirect. Furthermore, by end use, the market is segmented as foodservice and households. For the calculation of revenue collection of average regional prices were obtained through primary quotes from numerous canned Tuna manufacturers, retailers and distributors. All key end users have been considered and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents.

Country demand patterns have been considered while estimating the market for various end users of canned tuna in the different regions. Top-down approach has been used to estimate the canned tuna market by countries. Global market numbers by species type has been derived using the bottom-up approach, which is cumulative of each country’s demand. Company-level market share has been derived on the basis of canned tuna penetration. The market has been forecast based on constant currency rates.

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, and Hoover’s, and company annual reports and publications. The report provides detailed competitive and company profiles of key participants operating in the global market. Some of the major companies operating in the global Canned Tuna market are Thai Union Group, Alliance Select Foods International, Inc., Ocean Brands GP, Bumble Bee Foods, LLC, StarKist Co., Raincoast Trading Company, Princes Group, Golden Prize Canning Co., Ltd., PT. Aneka Tuna Indonesia., Wild Planet Foods Inc.., Hi-Q Food Products Co., Ltd., American Tuna Inc., Safcol Australia Pty. Ltd., Conga Foods Pty Ltd, Millaton Fishery Co. Ltd., Sadr Darya Co., Dorj Group Companies, Tohfe Food Product Company, C-Food International LLC, and Pegasusfood Co., Ltd.

Get more Information: https://www.prnewswire.com/news-releases/high-pricing-and-selective-ban-on-fishing-to-collectively-affect-global-canned-tuna-market-transparency-market-research-estimates-a-cagr-of-38-over-2017-2025-677731123.html

Canned Tuna Market: Increased Consumption of Ready to Eat Food Likely to Fuel Market

This report provides forecast and analysis of the global Canned Tuna market. It provides historical data of 2015 along with estimated data of 2017, and forecast data up to 2025 in terms of revenue (US$ Mn). The report also includes macroeconomic indicators along with an outlook on Canned Tuna for global market. It includes drivers and restraints of the global Canned Tuna market and their impact on each region during the forecast period. The report also comprises the study of current issues with consumers and opportunities for Canned Tuna products. It also includes value chain analysis.

Download PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18581

In order to provide users of this report with comprehensive view of the market, we have included detailed competitiveness analysis and market key players and strategy overview. The dashboard provides detailed comparison of Canned Tuna manufacturers on parameters such as total revenue, product offerings, and key strategy. The study encompasses market attractiveness analysis by species type, distribution channel, end-use and region.

The report includes Canned Tuna market company profiles and the revenue generated from the companies across North America, Latin America, Europe, APAC, and MEA. By species type, the global Canned Tuna market is segmented as albacore, yellowfin tuna, skipjack tuna, Bluefin tuna, bigeye tuna and longtail tuna. By distribution channel, the market is segmented as direct and indirect. Furthermore, by end use, the market is segmented as foodservice and households. For the calculation of revenue collection of average regional prices were obtained through primary quotes from numerous canned Tuna manufacturers, retailers and distributors. All key end users have been considered and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents.

Country demand patterns have been considered while estimating the market for various end users of canned tuna in the different regions. Top-down approach has been used to estimate the canned tuna market by countries. Global market numbers by species type has been derived using the bottom-up approach, which is cumulative of each country’s demand. Company-level market share has been derived on the basis of canned tuna penetration. The market has been forecast based on constant currency rates.

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, and Hoover’s, and company annual reports and publications. The report provides detailed competitive and company profiles of key participants operating in the global market. Some of the major companies operating in the global Canned Tuna market are Thai Union Group, Alliance Select Foods International, Inc., Ocean Brands GP, Bumble Bee Foods, LLC, StarKist Co., Raincoast Trading Company, Princes Group, Golden Prize Canning Co., Ltd., PT. Aneka Tuna Indonesia., Wild Planet Foods Inc.., Hi-Q Food Products Co., Ltd., American Tuna Inc., Safcol Australia Pty. Ltd., Conga Foods Pty Ltd, Millaton Fishery Co. Ltd., Sadr Darya Co., Dorj Group Companies, Tohfe Food Product Company, C-Food International LLC, and Pegasusfood Co., Ltd.

Get more Information: https://www.prnewswire.com/news-releases/high-pricing-and-selective-ban-on-fishing-to-collectively-affect-global-canned-tuna-market-transparency-market-research-estimates-a-cagr-of-38-over-2017-2025-677731123.html

Canned Tuna Market: Increased Consumption of Ready to Eat Food Likely to Fuel Market

According to the latest market report published by Transparency Market Research titled “Canned Tuna Market’: Global Industry Analysis and Forecast 2017-2025,” the revenue generated from canned tuna has been estimated to be valued over US$ 10,496.1 Mn in 2017, which is projected to increase at a CAGR of 3.8% during the forecast period (2017-2025).

By species type, the global canned tuna market is segmented as albacore, skipjack tuna, yellowfin tuna, Bluefin tuna, bigeye tuna and longtail tuna. By distribution channel the market is segmented as direct and indirect. Furthermore, by indirect channel, the market is segmented as hypermarkets/supermarkets, specialty stores, online channels, convenience stores and others. By end use, the market is segmented as foodservice and households.

Download PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18581

On the basis of region, the market in Europe is anticipated to dominate the global canned tuna market both in terms of value and volume in 2017. North America is expected to gain significant market share in revenue terms by 2025 end. This trend is attributed to the consumer dependence on canned tuna as demand for processed and ready-to-eat food is growing in this region. Moreover, BENELUX is projected to exhibit significant CAGR in terms of value during the forecast period.

While the consumer demand for canned tuna witnesses a downward trend, the increasing demand from the Middle East is leveling off this decline, and emerging as an attractive market for ASEAN canned tuna exporters. The exemption from import duties in the Middle East has led to higher exports in this region. Egypt, Saudi Arabia, and Israel are the largest importers of tuna in the Middle East, accounting for 21%, 19%, and 11% import share, respectively. The import tariff in most of the countries in this region is only 5%, which is very low as compared to the U.S. and the EU. In spite of the large scope for fishing, the Middle Eastern region is poorly developed in fishing, and hence, is heavily dependent on imports from ASEAN countries, especially Vietnam. High demand from non-traditional markets is the only rescuer of the canned tuna market from declining in the near future.

Overfishing has led governments to ban commercial fishing in parts of the Pacific Ocean. The ban on fishing has led to the overall lower supply of tuna, consequently leading to higher prices of canned tuna. Higher prices have, in turn, led to lower demand for canned tuna from regions such as Europe. Tuna species such as yellowfin are overfished and are categorized as an endangered species. Concerns against overfishing are growing and are leading to the fluctuating supply and demand of canned seafood, globally.

In the U.S., the canned seafood market is also indicating a clear downward trend due to the lack of sustainable and regular supply of its main product. Consumers in the U.S. and Europe are highly concerned about dolphin deaths caused due to tuna fishing. A vast number of dolphins have been killed during tuna fishing, and consumers are averse to buying products that have resulted in the deaths of this large by catch. Consumer sensitivity towards the sustainability of canned tuna dictates the growth of the market. The dolphin safety issue has been trending in the canned tuna market over the past many years and is still a major obstacle being blamed for the decline of the canned tuna market.

Some of the major companies operating in the global Canned Tuna market are Thai Union Group, Alliance Select Foods International, Inc., Ocean Brands GP, Bumble Bee Foods, LLC, StarKist Co., Raincoast Trading Company, Princes Group, Golden Prize Canning Co., Ltd., PT. Aneka Tuna Indonesia., Wild Planet Foods Inc.., Hi-Q Food Products Co., Ltd., American Tuna Inc., Safcol Australia Pty. Ltd., Conga Foods Pty Ltd, Millaton Fishery Co. Ltd., Sadr Darya Co., Dorj Group Companies, Tohfe Food Product Company, C-Food International LLC and Pegasusfood Co., Ltd.

Canned Tuna Market: Increased Consumption of Ready to Eat Food Likely to Fuel Market

This report provides forecast and analysis of the global Canned Tuna market. It provides historical data of 2015 along with estimated data of 2017, and forecast data up to 2025 in terms of revenue (US$ Mn). The report also includes macroeconomic indicators along with an outlook on Canned Tuna for global market. It includes drivers and restraints of the global Canned Tuna market and their impact on each region during the forecast period. The report also comprises the study of current issues with consumers and opportunities for Canned Tuna products. It also includes value chain analysis.

Download PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18581

In order to provide users of this report with comprehensive view of the market, we have included detailed competitiveness analysis and market key players and strategy overview. The dashboard provides detailed comparison of Canned Tuna manufacturers on parameters such as total revenue, product offerings, and key strategy. The study encompasses market attractiveness analysis by species type, distribution channel, end-use and region.

The report includes Canned Tuna market company profiles and the revenue generated from the companies across North America, Latin America, Europe, APAC, and MEA. By species type, the global Canned Tuna market is segmented as albacore, yellowfin tuna, skipjack tuna, Bluefin tuna, bigeye tuna and longtail tuna. By distribution channel, the market is segmented as direct and indirect. Furthermore, by end use, the market is segmented as foodservice and households. For the calculation of revenue collection of average regional prices were obtained through primary quotes from numerous canned Tuna manufacturers, retailers and distributors. All key end users have been considered and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents.

Country demand patterns have been considered while estimating the market for various end users of canned tuna in the different regions. Top-down approach has been used to estimate the canned tuna market by countries. Global market numbers by species type has been derived using the bottom-up approach, which is cumulative of each country’s demand. Company-level market share has been derived on the basis of canned tuna penetration. The market has been forecast based on constant currency rates.

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, and Hoover’s, and company annual reports and publications. The report provides detailed competitive and company profiles of key participants operating in the global market. Some of the major companies operating in the global Canned Tuna market are Thai Union Group, Alliance Select Foods International, Inc., Ocean Brands GP, Bumble Bee Foods, LLC, StarKist Co., Raincoast Trading Company, Princes Group, Golden Prize Canning Co., Ltd., PT. Aneka Tuna Indonesia., Wild Planet Foods Inc.., Hi-Q Food Products Co., Ltd., American Tuna Inc., Safcol Australia Pty. Ltd., Conga Foods Pty Ltd, Millaton Fishery Co. Ltd., Sadr Darya Co., Dorj Group Companies, Tohfe Food Product Company, C-Food International LLC, and Pegasusfood Co., Ltd.

Get more Information: https://www.prnewswire.com/news-releases/high-pricing-and-selective-ban-on-fishing-to-collectively-affect-global-canned-tuna-market-transparency-market-research-estimates-a-cagr-of-38-over-2017-2025-677731123.html

Canned Tuna Market Driven by Growing Demand for Prepared and Ready-to-eat Food

This report provides forecast and analysis of the global Canned Tuna market. It provides historical data of 2015 along with estimated data of 2017, and forecast data up to 2025 in terms of revenue (US$ Mn). The report also includes macroeconomic indicators along with an outlook on Canned Tuna for global market. It includes drivers and restraints of the global Canned Tuna market and their impact on each region during the forecast period. The report also comprises the study of current issues with consumers and opportunities for Canned Tuna products. It also includes value chain analysis.

Download PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18581

In order to provide users of this report with comprehensive view of the market, we have included detailed competitiveness analysis and market key players and strategy overview. The dashboard provides detailed comparison of Canned Tuna manufacturers on parameters such as total revenue, product offerings, and key strategy. The study encompasses market attractiveness analysis by species type, distribution channel, end-use and region.

The report includes Canned Tuna market company profiles and the revenue generated from the companies across North America, Latin America, Europe, APAC, and MEA. By species type, the global Canned Tuna market is segmented as albacore, yellowfin tuna, skipjack tuna, Bluefin tuna, bigeye tuna and longtail tuna. By distribution channel, the market is segmented as direct and indirect. Furthermore, by end use, the market is segmented as foodservice and households. For the calculation of revenue collection of average regional prices were obtained through primary quotes from numerous canned Tuna manufacturers, retailers and distributors. All key end users have been considered and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents.

Country demand patterns have been considered while estimating the market for various end users of canned tuna in the different regions. Top-down approach has been used to estimate the canned tuna market by countries. Global market numbers by species type has been derived using the bottom-up approach, which is cumulative of each country’s demand. Company-level market share has been derived on the basis of canned tuna penetration. The market has been forecast based on constant currency rates.

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, and Hoover’s, and company annual reports and publications. The report provides detailed competitive and company profiles of key participants operating in the global market. Some of the major companies operating in the global Canned Tuna market are Thai Union Group, Alliance Select Foods International, Inc., Ocean Brands GP, Bumble Bee Foods, LLC, StarKist Co., Raincoast Trading Company, Princes Group, Golden Prize Canning Co., Ltd., PT. Aneka Tuna Indonesia., Wild Planet Foods Inc.., Hi-Q Food Products Co., Ltd., American Tuna Inc., Safcol Australia Pty. Ltd., Conga Foods Pty Ltd, Millaton Fishery Co. Ltd., Sadr Darya Co., Dorj Group Companies, Tohfe Food Product Company, C-Food International LLC, and Pegasusfood Co., Ltd.

Get more Information: https://www.prnewswire.com/news-releases/high-pricing-and-selective-ban-on-fishing-to-collectively-affect-global-canned-tuna-market-transparency-market-research-estimates-a-cagr-of-38-over-2017-2025-677731123.html

Canned Tuna Market Reaching a Value Worth US$ 14,125.5 Mn by 2025

According to the latest market report published by Transparency Market Research titled “Canned Tuna Market’: Global Industry Analysis and Forecast 2017-2025,” the revenue generated from canned tuna has been estimated to be valued over US$ 10,496.1 Mn in 2017, which is projected to increase at a CAGR of 3.8% during the forecast period (2017-2025).

Market Taxonomy: By Species, Distribution Channel, and Region

By species type, the global canned tuna market is segmented as albacore, skipjack tuna, yellowfin tuna, Bluefin tuna, bigeye tuna and longtail tuna. By distribution channel the market is segmented as direct and indirect. Furthermore, by indirect channel, the market is segmented as hypermarkets/supermarkets, specialty stores, online channels, convenience stores and others. By end use, the market is segmented as foodservice and households.

Download PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18581

On the basis of region, the market in Europe is anticipated to dominate the global canned tuna market both in terms of value and volume in 2017. North America is expected to gain significant market share in revenue terms by 2025 end. This trend is attributed to the consumer dependence on canned tuna as demand for processed and ready-to-eat food is growing in this region. Moreover, BENELUX is projected to exhibit significant CAGR in terms of value during the forecast period.

While the consumer demand for canned tuna witnesses a downward trend, the increasing demand from the Middle East is leveling off this decline, and emerging as an attractive market for ASEAN canned tuna exporters. The exemption from import duties in the Middle East has led to higher exports in this region. Egypt, Saudi Arabia, and Israel are the largest importers of tuna in the Middle East, accounting for 21%, 19%, and 11% import share, respectively. The import tariff in most of the countries in this region is only 5%, which is very low as compared to the U.S. and the EU. In spite of the large scope for fishing, the Middle Eastern region is poorly developed in fishing, and hence, is heavily dependent on imports from ASEAN countries, especially Vietnam. High demand from non-traditional markets is the only rescuer of the canned tuna market from declining in the near future.

US Canned Seafood Market to Face a Downward Trend

Overfishing has led governments to ban commercial fishing in parts of the Pacific Ocean. The ban on fishing has led to the overall lower supply of tuna, consequently leading to higher prices of canned tuna. Higher prices have, in turn, led to lower demand for canned tuna from regions such as Europe. Tuna species such as yellowfin are overfished and are categorized as an endangered species. Concerns against overfishing are growing and are leading to the fluctuating supply and demand of canned seafood, globally.

In the U.S., the canned seafood market is also indicating a clear downward trend due to the lack of sustainable and regular supply of its main product. Consumers in the U.S. and Europe are highly concerned about dolphin deaths caused due to tuna fishing. A vast number of dolphins have been killed during tuna fishing, and consumers are averse to buying products that have resulted in the deaths of this large by catch. Consumer sensitivity towards the sustainability of canned tuna dictates the growth of the market. The dolphin safety issue has been trending in the canned tuna market over the past many years and is still a major obstacle being blamed for the decline of the canned tuna market.

Key Market Players

Some of the major companies operating in the global Canned Tuna market are Thai Union Group, Alliance Select Foods International, Inc., Ocean Brands GP, Bumble Bee Foods, LLC, StarKist Co., Raincoast Trading Company, Princes Group, Golden Prize Canning Co., Ltd., PT. Aneka Tuna Indonesia., Wild Planet Foods Inc.., Hi-Q Food Products Co., Ltd., American Tuna Inc., Safcol Australia Pty. Ltd., Conga Foods Pty Ltd, Millaton Fishery Co. Ltd., Sadr Darya Co., Dorj Group Companies, Tohfe Food Product Company, C-Food International LLC and Pegasusfood Co., Ltd.

Canned Tuna Market Reaching a Value Worth US$ 14,125.5 Mn by 2025

Although lifestyles of consumers worldwide are getting busier and faster, and the market offers an extensive range of prepared and frozen food, the global market for canned tuna is projected to experience passive growth over the next few years. Growing consumer dependency on prepared and ready-to-eat food is considered to be a key driver to push the demand for canned tuna a little farther over 2017-2025. Global revenue of canned tuna market was around US$ 10,496.1 Mn in 2017, which is expected to increase at a CAGR of 3.8% over the forecast period, reaching a value worth US$ 14,125.5 Mn by the end of 2025.

Download PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18581

While consumer demand for canned tuna witnesses a downward trend, the increasing demand from the Middle East is leveling off this decline, and emerging as an attractive market for ASEAN canned tuna exporters. The exemption from import duties in the Middle East has led to higher exports in this region. Egypt, Saudi Arabia, and Israel are the largest importers of tuna in the Middle East, accounting for 21%, 19%, and 11% import share, respectively. The import tariff in most of the countries in this region is only 5%, which is very low as compared to the U.S. and the EU. In spite of the large scope for fishing, the Middle Eastern region is poorly developed in fishing, and is thus heavily dependent on imports from ASEAN countries, especially Vietnam.

The growth of the ready-to-eat and easy-to-cook value added tuna market is evident, and there is an increasing demand for super-frozen tunas in the high-end European markets. Super-frozen tuna is mainly consumed in a Japanese delicacy - sashimi. In order to accommodate the supply and demand for super-frozen tuna, the canned tuna supply chain in Europe is improving, which will steadily lead to an increased volume of super-frozen tuna in the European market. Super-frozen canned tuna is available at relatively higher rates as compared to regular canned tuna but as consumers in this region are willing to experiment with new products and are also ready to pay higher prices for the same, super-frozen tuna is expected to fuel the growth of the canned tuna market in this region.

Overfishing has led governments to ban commercial fishing in specific parts of the Pacific Ocean. The ban on fishing has led to curtailed supply of tuna, consequently leading to higher prices of canned tuna. Higher prices have, in turn, led to lower demand for canned tuna from regions such as Europe. Tuna species such as yellowfin are overfished and have already been categorized as an endangered species. Concerns against overfishing are growing, leading to the fluctuating supply and demand of canned seafood, globally.

In the U.S., the canned seafood market is also indicating a clear downward trend due to the lack of sustainable and regular supply of its main product. Consumers in the U.S. and Europe are highly concerned about dolphin deaths caused due to tuna fishing. A vast number of dolphins have been killed during tuna fishing, and consumers are averse to buying products that have resulted in the deaths of this large by catch. Consumer sensitivity towards the sustainability of canned tuna dictates the growth of the market. The dolphin safety issue has been trending in the canned tuna market over the past many years and is still a major obstacle being blamed for the decline of the canned tuna market.

Some of the major companies operating in the global Canned Tuna market are Thai Union Group, Alliance Select Foods International, Inc., Ocean Brands GP, Bumble Bee Foods, LLC, StarKist Co., Raincoast Trading Company, Princes Group, Golden Prize Canning Co., Ltd., PT. Aneka Tuna Indonesia., Wild Planet Foods Inc.., Hi-Q Food Products Co., Ltd., American Tuna Inc., Safcol Australia Pty. Ltd., Conga Foods Pty Ltd, Millaton Fishery Co. Ltd., Sadr Darya Co., Dorj Group Companies, Tohfe Food Product Company, C-Food International LLC and Pegasusfood Co., Ltd.

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Canned Tuna Market Estimates a CAGR of 3.8% over 2017-2025

According to the latest market report published by Transparency Market Research titled “Canned Tuna Market’: Global Industry Analysis and Forecast 2017-2025,” the revenue generated from canned tuna has been estimated to be valued over US$ 10,496.1 Mn in 2017, which is projected to increase at a CAGR of 3.8% during the forecast period (2017-2025).

Market Taxonomy: By Species, Distribution Channel, and Region

By species type, the global canned tuna market is segmented as albacore, skipjack tuna, yellowfin tuna, Bluefin tuna, bigeye tuna and longtail tuna. By distribution channel the market is segmented as direct and indirect. Furthermore, by indirect channel, the market is segmented as hypermarkets/supermarkets, specialty stores, online channels, convenience stores and others. By end use, the market is segmented as foodservice and households.

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On the basis of region, the market in Europe is anticipated to dominate the global canned tuna market both in terms of value and volume in 2017. North America is expected to gain significant market share in revenue terms by 2025 end. This trend is attributed to the consumer dependence on canned tuna as demand for processed and ready-to-eat food is growing in this region. Moreover, BENELUX is projected to exhibit significant CAGR in terms of value during the forecast period.

While the consumer demand for canned tuna witnesses a downward trend, the increasing demand from the Middle East is leveling off this decline, and emerging as an attractive market for ASEAN canned tuna exporters. The exemption from import duties in the Middle East has led to higher exports in this region. Egypt, Saudi Arabia, and Israel are the largest importers of tuna in the Middle East, accounting for 21%, 19%, and 11% import share, respectively. The import tariff in most of the countries in this region is only 5%, which is very low as compared to the U.S. and the EU. In spite of the large scope for fishing, the Middle Eastern region is poorly developed in fishing, and hence, is heavily dependent on imports from ASEAN countries, especially Vietnam. High demand from non-traditional markets is the only rescuer of the canned tuna market from declining in the near future.

US Canned Seafood Market to Face a Downward Trend

Overfishing has led governments to ban commercial fishing in parts of the Pacific Ocean. The ban on fishing has led to the overall lower supply of tuna, consequently leading to higher prices of canned tuna. Higher prices have, in turn, led to lower demand for canned tuna from regions such as Europe. Tuna species such as yellowfin are overfished and are categorized as an endangered species. Concerns against overfishing are growing and are leading to the fluctuating supply and demand of canned seafood, globally.

In the U.S., the canned seafood market is also indicating a clear downward trend due to the lack of sustainable and regular supply of its main product. Consumers in the U.S. and Europe are highly concerned about dolphin deaths caused due to tuna fishing. A vast number of dolphins have been killed during tuna fishing, and consumers are averse to buying products that have resulted in the deaths of this large by catch. Consumer sensitivity towards the sustainability of canned tuna dictates the growth of the market. The dolphin safety issue has been trending in the canned tuna market over the past many years and is still a major obstacle being blamed for the decline of the canned tuna market.

Key Market Players

Some of the major companies operating in the global Canned Tuna market are Thai Union Group, Alliance Select Foods International, Inc., Ocean Brands GP, Bumble Bee Foods, LLC, StarKist Co., Raincoast Trading Company, Princes Group, Golden Prize Canning Co., Ltd., PT. Aneka Tuna Indonesia., Wild Planet Foods Inc.., Hi-Q Food Products Co., Ltd., American Tuna Inc., Safcol Australia Pty. Ltd., Conga Foods Pty Ltd, Millaton Fishery Co. Ltd., Sadr Darya Co., Dorj Group Companies, Tohfe Food Product Company, C-Food International LLC and Pegasusfood Co., Ltd.

Canned Tuna Market Driven by the Fact that Canned Tuna are Processed to be Consumed with or without other Food Items

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.

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.

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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

Canned Tuna Market - Positive Long-Term Growth Outlook 2024

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