Canned Tuna Market - Global Industry Report, 2025
The global tuna market is anticipated to face a steady growth in coming years due to various vendors
in the market trying to come up with better products. According to a report by Transparency Market
Research, the market’s competitive landscape is currently fragmented because vendors are engaging
in stiff competition. The vendors are competing on the basis of brand, distribution, price, and quality.
The vendors are catering regional market according to the region’s taste and preferences. Along with
their socioeconomic and economic conditions. New experiments and innovations in taste and flavour
is likely to boost the market and show significant rise in the global canned tuna market. Some of the
leading companies in the market are Alliance Select Foods International, Inc., Princes Group,
American Tuna Inc., Ocean Brands GP, and Aneka Tuna Indonesia.
The global market for canned tuna is likely to rise at CAGR of 3.8% during the forecast period of 2017
to 2025. The global revenue of the canned tuna market held US$ 10,496.1 mn in 2017 and is
predicted to value US$ 14,125.5 mn by the end of forecast period. According to product, Bluefin tuna
is expected to rise as the leading product among all other products in the segment. Geographically,
Europe held the maximum share in the global canned tuna market during 2017 and is expected to
lead the market during the forecast period due to high consumption of tuna in this region.
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Increased Consumption of Ready to Eat Food Likely to Fuel Market
The demand for ready to eat and easy to cook foods will likely add value to the rise of tuna in the
market. Many regions have high demand for super frozen tuna leading to rise in growth of the market.
Developed regions are ready to pay high and experiment with different variety of tuna dishes due to
large amount of disposable income thus, leading to rise in growth