Canned Tuna Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Canned Tuna Market is Segmented By Type (Canned White Tuna, Canned Light Tuna), By Tuna Species (Skipjack, Yellowfin, Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Sales, Others), and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Canned Tuna Market Overview

The Global Canned Tuna Market size reached USD million in 2022 and is projected to witness lucrative growth by reaching up to USD million by 2030. The market is growing at a CAGR of 4.5% during the forecast period (2024-2031).

Canned tuna refers to tuna fish that has been cooked, processed, and preserved in a sealed can. The tuna is typically pre-cooked and then packed in oil or water along with various flavorings and preservatives. Canned tuna is a popular food item worldwide due to its convenience, long shelf life, and high protein content. 

It can be consumed on its own or used as an ingredient in a variety of dishes, such as salads, sandwiches, pasta dishes and casseroles. There are several types of canned tuna available, including albacore, skipjack, yellowfin and tongol, with varying levels of flavor and nutritional value.

Canned Tuna Market Scope

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Canned Tuna Market Dynamics and Trends

Growing Consumer Demand for Packaged Food Products Drives the Market growth The demand for canned tuna fish products is anticipated to rise as ready-to-eat packaged food consumption rises. Additionally, the busy work environment and rising standard of living across the globe are factors that support the consumption of packaged food items worldwide. Additionally, the growing popularity of online food shopping among young people is likely to support market expansion globally. Additionally, it is anticipated that government support for the construction of aquaculture farming facilities will increase the supply of tuna fish and support global demand for canned tuna products.

Increasing Consumer Demand for High-in Nutrients in Seafood Products Drives the Market Growth

Changing consumers’ dietary preferences and consuming nutritious seafood products to maintain their health is s expected to provide new growth opportunities. 

Global product demand is also anticipated to be boosted by the growing number of food courts and supermarkets that sell canned food items. The flavored segment is expanding as a result of food manufacturers putting more emphasis on providing flavored canned tuna fish products. 

Growing Demand from Consumers for Plant-based Foods Hamper the Market Growth

The growth of canned tuna foods was hindered by consumers' growing preference for plant-based foods. Consumers are turning more and more to plant-based goods as a consequence of increasing concerns about the environment and the health of animals. 

An additional factor in the rise in the use of plant-based products in developing countries is the expanding vegan trend. The availability of a wide range of plant-based fish meat substitutes and their high level of flavor and taste harmony has also led consumers to select them, which are factors hampering the market growth.

Canned Tuna Market Segment Analysis

The global canned tuna market is segmented based on type, tuna species, distribution channel, and region.

Yellowfin Segment Held a Highest Market Revenue Share of YY% in the Year 2022

The yellowfin segment held the highest global canned tuna market share in 2022. From 2023 to 2030, the Yellowfin segment is projected to grow at the highest CAGR. Customers that prefer higher-quality and better-tasting canned tuna tend to pick this species due to its mild flavor, flavorful aroma and firm texture. 

Salads, sandwiches and sushi are among the various foods that can use it. Yellowfin canned tuna will continue to grow in popularity as consumers look for softer and healthier ingredients for their diets, which is expected to drive market growth.

Canned Tuna Market Geographical Share

Increased Consumption of Fish Food Products in North America

The North American region dominated the global canned tuna market due to the significant consumption of fish food products by people in the US and Canada. According to the National Oceanic and Atmospheric Administration (NOAA), the US consumed 8.7 kg of aquatic foods per person in 2019. 

Furthermore, the region's population grows increasingly dependent on frozen and processed foods, which produce a sizeable portion of the region's product revenues.

Canned Tuna Market Companies

The major global players include Frinsa del Noroeste S.A., Thai Union Group PLC, Bumble Bee Foods LLC, Century Pacific Food Inc., Jealsa, Grupo Calvo, Wild Planet Foods Inc., PT. Aneka Tuna Indonesia, American Tuna Inc., and Ocean Brands.

Key Developments

• In May 2022, the UK-based seafood product marketer John West Foods introduced the "John West On The Go Tuna Pots," a canned tuna fish pot. The Mediterranean Tuna Cous Cous Pot with Chili & Garlic, the Indian Tuna Rice Pot with Biryani Curry, the Thai Tuna Noodle Pot with Green Curry and the Italian Tuna Pasta Pot with Tomato & Herb all come in On Go Tuna Pots, which have 18g of protein and a variety of flavor and carbohydrate options.
• In March 2021, Thai Union's SEALECT tuna brand introduced a limited-edition can of tuna using artwork from the well-known Japanese manga series Doraemon. The three Doraemon, Shizuka and Nobita designs will be available for the special edition of SEALECT tuna, which will transform the canned fish into valuable collector's items.
• In October 2021, Bumble Bee Foods LLC expanded its Bumble Bee Prime line of upscale canned salmon and tuna products. Using firm, white, premium albacore tuna, water and sea salt, the Prime Solid White Albacore in Water is a wild-caught tuna product. Each serving has 30–32 grams of protein.

Why Purchase the Report?

• To visualize the global canned tuna market segmentation based on type, tuna species, distribution channel, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of canned tuna market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The Global Canned Tuna Market Report Would Provide Approximately 61 Tables, 59 Figures and 120 Pages.

Target Audience 2024

• Manufacturers/Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies