The Canned Tuna Market study also takes a close look at the major rivals in the market, their commercial expansion ambitions, and development strategies. Entrepreneurs are especially urged by the archive to hunt up information on possible clients and locations where they might be found. Entrepreneurs may locate potential clients and learn more about their local market thanks to the review, which only features the best sellers.
According to the most recent analysis by Emergen Research, the size of the global market for canned tuna reached USD 9.10 billion in 2021 and is anticipated to grow at a revenue CAGR of 5.3% over the next five years. A key driver propelling market expansion is the quickening growth of e-commerce platforms to improve supply chains. Healthy fatty acids are crucial for growth and development, and tuna is a great source of them. The desire for nutritional fulfilment is especially important for women who are breastfeeding and pregnant. Demand for tuna is rising as a result of the rising trend of using nutrient-rich foods in daily diets to enhance health functionality. Also, the e-commerce industry's quick expansion has reinforced the supply chain, which is anticipated to benefit the market's forecasted revenue growth. The availability of a wide variety of products worldwide has been made easier by the growth of online retail platforms. Furthermore, e-commerce platforms now have a number of new prospects because to the widespread usage of smartphones and the internet. Tuna and other processed food goods are now selling better thanks to the addition of numerous new malls and speciality shops, which has further strengthened the supply chain.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
Ocean Brands, Frinsa del Noroeste, Grupo Calvo, Bumble Bee Foods LLC, Jealsa, Thai Union Group PCL, American Tuna Inc., Century Pacific Food Inc., Starkist Co., and Wild Planet Foods Inc
Target Audience of the Global Canned Tuna Market Report:
- Key Market Players
- Investors
- Venture capitalists
- Small- and medium-sized and large enterprises
- Third-party knowledge providers
- Value-Added Resellers (VARs)
- Global market producers, distributors, traders, and suppliers
- Research organizations, consulting companies, and various alliances interested in this sector
- Government bodies, independent regulatory authorities, and policymakers
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Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Market Segmentations of the Canned Tuna Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Canned Tuna market on the basis of product, application, and region:
Segments Covered in this report are:
- Product Outlook (Revenue, USD Billion; 2019–2030)
- Skipjack
- Yellowfin
- Albacore
- Others
- Distribution Channel Outlook (Revenue, USD Billion; 2019–2030)
- Hypermarket/Supermarket
- Specialty Stores
- Online Retail
- Regional Outlook (Revenue, USD Billion; 2019–2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East Africa
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Some Key Highlights From the Report
- The skipjack segment is expected to register a significant market revenue growth owing to its array of nutritional qualities. Mercury content of skipjack tuna meat is only 0.144 parts per million. FDA defines skipjack as the best choice due to mercury levels in its flesh and 8-12 ounces of Skipjack should be consumed once a week. Skipjack chunks are high in B-complex vitamins, such as niacin and pyridoxine (B-6), while vitamin E, B12, thiamin, and riboflavin are also abundant.
- The hypermarket/supermarket segment is expected to grow at a considerable growth rate. Major manufacturers promote their products at offline retail outlets such as hypermarkets and supermarkets. In addition, several companies are growing their customer base by opening new physical locations around the world.
- The Europe market is expected to register a considerable growth rate. The region is expected to contribute heavily because customers are increasingly opting for simple, ready-to-eat, and convenient seafood options. According to a research conducted by European Market Observatory for Fisheries and Aquaculture Products, tuna was the most consumed marine species in Europe in 2020. Major canned tuna consumers in the region are Italy, Spain, and the UK.
Additional information offered by the report:
- Along with a complete overview of the global Canned Tuna market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Canned Tuna market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
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