The global canned tuna market was valued at US$ 21.97 billion in 2023 and is projected to reach US$ 33.75 billion by 2030, growing at a CAGR of 7.5% during the forecast period. Canned tuna is a popular and convenient food option that is consumed worldwide. It is a good source of protein, omega-3 fatty acids, and other nutrients. The canned tuna market is expected to grow significantly in the coming years, driven by factors such as increasing urbanization, rising disposable incomes, and growing awareness of the health benefits of tuna.

There are several key factors that are driving the growth of the canned tuna market. One of the most important drivers is the increasing demand for protein. This is due to a number of factors, including the growing global population, rising incomes, and changing dietary trends. Canned tuna is a good source of protein, and it is also relatively inexpensive, which makes it an attractive option for consumers.

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Another key driver of the canned tuna market is the growing popularity of convenience foods. Canned tuna is a convenient and easy-to-prepare food option, which is appealing to consumers with busy lifestyles. Canned tuna can be eaten on its own, or it can be used in a variety of dishes, such as salads, sandwiches, and wraps.

The growing awareness of the health benefits of seafood is also driving the growth of the canned tuna market. Canned tuna is a good source of vitamins and minerals, including omega-3 fatty acids. Omega-3 fatty acids have been linked to a number of health benefits, including reducing the risk of heart disease, stroke, and Alzheimer's disease.

Canned Tuna Market Key Takeaways:

  • The global canned tuna market is expected to reach US$ 33.75 billion by 2030, growing at a CAGR of 7.5% from 2023 to 2030.
  • The market is driven by the increasing demand for protein-rich food products and the growing popularity of canned and processed tuna.
  • Skipjack tuna is the most popular type of tuna used in canned products, accounting for over 60% of the global tuna catch.
  • Asia Pacific is the largest market for canned tuna, followed by North America and Europe.
  • The key players in the canned tuna market include Bumble Bee Foods, Thai Union Group, Tri-Union Seafoods, and StarKist Co.

Canned Tuna Market Regional Outlook:

  • Asia Pacific is the largest market for canned tuna, accounting for over 50% of the global market share. The growth in the region is attributed to the increasing population, urbanization, and rising disposable incomes.
  • North America is the second-largest market for canned tuna, followed by Europe.
  • The Latin American and Middle East & Africa markets are expected to witness significant growth in the coming years.

Canned Tuna Market Key Players:

  • Bumble Bee Foods
  • Thai Union Group
  • Tri-Union Seafoods
  • StarKist Co.
  • Bolton Alimentari S.p.A.
  • Century Pacific Food Inc.
  • John West Foods
  • MW Brands, Inc.
  • Princes Group
  • TongYi Food Co., Ltd.
  • Viking Star Group

Canned Tuna Market Segmentation:

The canned tuna market is segmented by species, product type, distribution channel, and region.

By species:

  • Skipjack
  • Yellowfin
  • Bigeye
  • Albacore
  • Others

By product type:

  • Solid tuna
  • Flaked tuna
  • Chunk tuna
  • Spreadable tuna
  • Others

By distribution channel:

  • Retail
  • Foodservice
  • Online

By region:

  • Asia Pacific
  • North America
  • Europe
  • Latin America
  • Middle East & Africa