Global Canned Tuna Market size is projected to be valued at USD 8.8 Billion by 2026 at a CAGR of 4.2% between 2020 and 2026. Canned tuna offers food preservation and longer shelf life of around one to five years, which is the major factor fuelling the demand for canned tuna. The seafood market has registered tremendous growth in the past few years, and the same trend is expected for the canned tuna market. Additionally, North America and Europe markets are witnessing the growing demand for canned tuna. The key players in the market have been responsive to shifting consumer preferences and are focused on strategic acquisitions, product launches, and partnerships. Moreover, the key players in the market are focusing on innovative product launches. For instance, in 2019, Grupo Calvo launched the first canned tuna in the Spanish market to carry the Marine Stewardship Council (MSC) label. All the factors are anticipated to create substantial growth opportunities for the global canned tuna market analysis.
Increase in the adoption of canned tuna in ready-to-eat and processed food.
Growth Opportunities in the Market
Increase in popularity of ready-to-eat food products: With the rise in consumption of ready-to-eat food products, the demand for canned tuna is increasing among the consumers. This is expected to create lucrative opportunities for the global canned tuna market. Furthermore, rising awareness of the health benefits of canned tuna among consumers is expected to offer a lucrative opportunity to the manufacturers, resulting an increase in the production capacity of canned tuna.
Non-Store-Based Distribution Channels Gaining Popularity Across the Globe: The non-store-based segment is projected to register a higher growth rate during the forecast period. Manufacturers of canned tuna are inclined toward non-store-based distribution channels for the sale of their products. Companies are opting for online distribution platforms as they want to extend their consumer reach. However, companies are opting for online distribution platforms as they extend their consumer reach.
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- Grupo Calvo. (Spain)
- Ocean Brands (Canada)
- American Tuna Inc. (US)
- Aneka Tuna Indonesia. (Indonesia)
- Wild Planet Foods Inc. (California)
- Sea Value PLC (Thailand)
- Frinsa del Noroeste S.A. (Spain)
- Thai Union Group PCL (Thailand)
- Bumble Bee Foods LLC (US)
- Century Pacific Food Inc. (Phillipines)
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