The latest report by IMARC Group, titled “Tuna Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” offers a comprehensive analysis of the global tuna market demand. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global tuna market size reached US$ 43.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 59.8 Billion by 2032, exhibiting a growth rate (CAGR) of 3.4% during 2024-2032.
Tuna Market Trends:
The growing consumer awareness of the health benefits associated with tuna consumption, including its high protein and omega-3 fatty acid content is driving the global market. The rising popularity of sushi and sashimi, particularly in Western countries, also contributes to this trend. Moreover, advancements in fishing techniques and aquaculture have enhanced the supply chain efficiency and product availability. Furthermore, the increasing demand for convenient and ready-to-eat seafood products supports market expansion. Additionally, government initiatives and regulations promoting sustainable fishing practices encourage market growth. Besides, the expanding retail sector, including the proliferation of e-commerce platforms, enhances product accessibility. Emerging innovations in packaging technology that extend shelf life and preserve nutritional quality further stimulate market growth.
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Global Tuna Market Scope & Growth Analysis:
The scope of the tuna market is broadening due to the diversification of product forms, such as canned, frozen, and fresh tuna, catering to varied consumer preferences and culinary applications. Innovations in value-added products, such as tuna-based snacks and ready meals, attract health-conscious and time-constrained consumers. The market also benefits from strategic marketing campaigns highlighting the sustainability and traceability of tuna products, appealing to environmentally conscious buyers. Additionally, the expansion of tuna fisheries in new geographic regions contributes to a more robust global supply chain. Technological advancements in refrigeration and transportation ensure the freshness and quality of tuna, facilitating its reach into new markets. Collaborative efforts between governments and industry stakeholders to combat illegal fishing practices enhance the credibility and appeal of the tuna market. Furthermore, partnerships with culinary influencers and the food service industry promote the versatility of tuna in various cuisines.
Competitive Landscape with Key Players:
- Thai Union
- Tri Marine
- Starkist
Key Market Segmentation:
Breakup by Type:
- Canned
- Frozen
- Fresh
Breakup by Species:
- Skipjack
- Yellowfin
- Albacore
- Bigeye
- Bluefin
Production Breakup by Region:
- Japan
- Indonesia
- Philippines
- Taiwan P.C.
- Republic of Korea
- Spain
- Others
Consumption Breakup by Region:
- Japan
- USA
- Republic of Korea
- China
- Taiwan P.C.
- European Union
- Others
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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