1. Market Research
  2. > Seafood Market Trends
Global Canned Tuna Market By Product, By Distribution Channel, By Region, Industry Analysis and Forecast, 2020 - 2026

Global Canned Tuna Market By Product, By Distribution Channel, By Region, Industry Analysis and Forecast, 2020 - 2026

  • October 2020
  • 137 pages
  • ID: 5983161
  • Format: PDF
  • KBV Research

Summary

Table of Contents

The Global Canned Tuna Market size is expected to reach $11.7 billion by 2026, rising at a market growth of 8.7% CAGR during the forecast period. Canned tuna is broadly utilized in different day to day dishes and delicacies, including salads, croquette, sandwiches, burgers, pasta, tacos, and sushi. These dishes are effortlessly cooked in less time at home, and accordingly, they are profoundly valued by the consumers who believe in home cooking and a healthy way of life. These patterns of consumers are foreseen to fuel the demand for the item all over the world over the forecast period. Tuna is a member of the mackerel fish family and an integral part of the worldwide fishing scenario. Tuna is appreciated globally fresh-cooked, frozen, canned, and sushi. Normally, 60% of all tuna originates from the West and Central Pacific Ocean (WPCO).

The worldwide canned tuna market development is boosted predominantly because of the expanding consumption of different packaged food items and beverages. The canned foods comprise of different meat, organic products, vegetables, and fishes that are precooked or are ready-to-cook for easy consumption. Due to the hectic lifestyles and growth in the working population, the utilization of convenience food items has prodded in the last few years. This legitimately helps in the development of this market. European nations and the U.S. are the biggest consumers of canned tuna, while a small portion of the Asian nations, for example, Japan, and South Korea, is additionally driving in the consumption graph. In any case, most of the tuna industry, particularly the canned tuna division, is catered to a few of the Asian nations as the quality of the fish is magnificent.

As per the statistics given by the ’GLOBEFISH’, an item, trading, and showcasing branch of FAO Fisheries and Aquaculture Department, Thailand, Ecuador, China, Indonesia, and the Philippines were the biggest exporters of canned and processed fish. However, countries such as the U.S., Japan, Australia, Egypt, Saudi Arabia, and Europe were the biggest importers of canned and processed tuna. During the COVID-19 pandemic, the demand for canned food, particularly fish, has expanded essentially across the U.S. Consumers are progressively purchasing this item as it is the least expensive protein available in the market, combined with the higher life of shelf. These customer patterns are foreseen to fuel demand over the forecast period.

Based on Product, the market is segmented into Skipjack, Yellowfin, and Other Products. Based on Distribution Channel, the market is segmented into Hypermarket & Supermarket, Specialty Stores and E-commerce. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Frinsa del, Noroeste SA, Thai Union Group PCL, Centuary Pacific Food, Inc., Jealsa Rianxeira SA, Wild Planet Foods, Inc., American Tuna, Inc., Ocean Brands GP (The Jim Pattison Group), Golden Prize Canning Co. Ltd., Albacora S.A., and F.C.F. Fishery Co., Ltd (Bumble Bee Foods, LLC).

Strategies deployed in Canned Tuna Market

Aug-2020: Thai Union Group PCL and Seafood Alliance, an investor group led by restaurant industry executives announced the acquisition of Red Lobster Seafood Co. from Golden Gate Capital. The acquisition broadened Thai Union’s seafood business.

Jan-2020: Wild Planet Foods released the newest product line of flavored wild albacore tuna pouches. The company announced this new line in the following varieties: Jalapeño & Cumin; Lime & Basil; Sweet Chili Pepper; and Lemon & Thyme. These Albacore Wild Tuna pouches are 100% sustainably caught using pole & line fishing methods.

Nov-2019: Grupo Jealsa Rianxeira introduced a new line of 100% sustainable canned tuna. The line of canned tuna includes MSC-certified light tuna with organic sunflower oil and fleur de sel, with organic extra virgin olive oil and fleur de sel, with mineral water and fleur de sel, in brine; pole and line caught MSC-certified bluefin tuna with olive oil and a pinch of sea salt, salmon with a pinch of salt, and mussels; and pole and line caught light tuna with organic extra virgin olive oil and fleur de sel.

Sep-2019: Frinsa del Noroeste acquired 50% stake in Portuguese A Poveira, a company that produces top-quality canned fish products. The acquisition reinforced Frinsa’s seafood business. This acquisition allowed Frinsa in expanding its presence in the Portuguese market, where it is already present in the supermarket lines with the Ribeira brand.

Aug-2019: Thai Union Group launched the ready-to-eat Tuna Infusions in Thailand. Tuna Infusions by SEALECT Tuna is sold at 7-11 convenience stores, WE Fitness outlets, and Tops Supermarket, in both Thai chili and sun-dried tomato flavors. It comes in a recyclable transparent cup with built-in fork.

Sep-2018: Ocean Brands completed the acquisition of the brand Club Des Millionnaires from Harold T. Griffin Inc. Club Des Millionnaires is a leading Canadian brand of premium canned sardines and anchovies. This acquisition is a perfect complement to the high quality, sustainable seafood products that Ocean Brands provide to consumers under its Gold Seal and Ocean’s brands.

Jul-2018: Wild Planet Foods unveiled the new Skipjack Wild Tuna single-serve pouches. This Skipjack Wild Tuna provides premium nutrition in only 90 calories per pouch. These Skipjack Wild Tuna Pouches contain only 100% pure, sustainably pole & line caught tuna with no water, oil or filler added.

May-2018: Thai Union Group signed an agreement to acquire 45 per cent of TUMD Luxembourg, a company that owns three Russian companies including Dalpromryba Limited Liability Company, Torgovo-Promyshlenny Kompleks ’Dalpromryba” Limited Liability Company and Maguro Limited Liability Company. These companies are collectively known as the DPR Group (DPR). Through this acquisition, Thai Union has significant footstep of almost all major European seafood markets, driving exposure to fast-growing emerging markets.

Dec-2016: Century Pacific Food acquired Thai Union’s share in a joint venture supplying the Chinese market with canned seafood. Century Pacific Group paid Thai Union USD 2.56 million (EUR 2.45 million) for a group of companies that distribute Century Tuna in China, supporting the expansion of the company’s international branded segment.

Scope of the Study

Market Segmentation:

By Product

• Skipjack

• Yellowfin

• Other Products

By Distribution Channel

• Hypermarket & Supermarket

• Specialty Stores

• E-commerce

By Geography

• North America

o US

o Canada

o Mexico

o Rest of North America

• Europe

o Germany

o UK

o France

o Russia

o Spain

o Italy

o Rest of Europe

• Asia Pacific

o China

o Japan

o India

o South Korea

o Singapore

o Malaysia

o Rest of Asia Pacific

• LAMEA

o Brazil

o Argentina

o UAE

o Saudi Arabia

o South Africa

o Nigeria

o Rest of LAMEA

Companies Profiled

• Frinsa del Noroeste SA

• Thai Union Group PCL

• Centuary Pacific Food, Inc.

• Jealsa Rianxeira SA

• Wild Planet Foods, Inc.

• American Tuna, Inc.

• Ocean Brands GP (The Jim Pattison Group)

• Golden Prize Canning Co. Ltd.

• Albacora S.A.

• F.C.F. Fishery Co., Ltd (Bumble Bee Foods, LLC)

Unique Offerings

• Exhaustive coverage

• Highest number of market tables and figures

• Subscription based model available

• Guaranteed best price

• Assured post sales research support with 10% customization free

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2020

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on