The processed tuna market for skipjack and Atlantic bonito in Spain has experienced steady growth from 2013 to 2023, with a notable volume reaching 382.71 million kilograms in 2023. Observing the year-on-year trends, there were fluctuations, including a significant dip in 2016 but rebounding with strong gains in 2019. Between 2019 and 2023, the market expanded with a compound annual growth rate (CAGR) of 6.23%. In recent years, the growth has continued but at a moderating pace, indicating market maturity.
Future trends to watch for:
- Consumer preferences towards sustainable sourcing could impact product demand.
- Changes in fishing regulations and quotas could directly affect market stability and supply.
- Innovations in packaging and product diversification might drive new consumer engagements.