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Global Tuna Market to Reach US$ 48.8 Billion by 2027, Propelled by Associated Health Benefits

Published on Dec 20, 2021

The latest report by IMARC Group titled “Tuna Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027” finds that the global tuna market reached a value of US$ 40.7 Billion in 2021. Tuna is a saltwater fish that belongs to the Thunini tribe and is generally found in the temperate and subtropical waters of the Mediterranean Sea, Black Sea, and the Atlantic Ocean. It is enriched with vital nutrients, such as niacin, iron, proteins, magnesium, potassium, omega-3 fatty acids, and vitamin A, B6 and B12. It also offers various health benefits, such as lowering blood pressure, improving the immune system, strengthening bones, preventing the risk of cancer, assisting in weight loss and blood circulation, and inhibiting skin and kidney infections. 

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Tuna Market Trends:

The market is primarily driven by the rising demand for canned tuna as consumers are shifting toward ready-to-eat (RTE) food items due to their busy schedules. This can also be attributed to the prolonged shelf-life and ease of transportation of these products over longer distances. In addition, the availability of different tuna species, such as skipjack, albacore, bigeye, and yellowfin, along with the increasing trend of trying out international cuisines, is creating a positive market outlook across the globe. Moreover, there has been a significant rise in fresh and frozen tuna consumption due to the increasing health consciousness among individuals. Furthermore, due to growing environmental concerns, key players are providing Marine Stewardship Council (MSC) certified tuna, which is captured and processed using sustainable methods. On account of these factors, IMARC Group expects the market to reach a value of US$ 48.8 Billion by 2027.

Market Summary:

  • On the basis of the product type, the market has been classified into canned, frozen, and fresh variants. Canned tuna presently exhibits a clear dominance in the market. 
  •  Based on the species, Skipjack accounts for the largest market share .
  •  Region-wise, Japan represents the largest consumer. Other major consumers include the USA, Republic of Korea, China, Taiwan P.C., European Union, and others. On the other hand, Indonesia represents the largest producer of tuna across the globe. 
  • The competitive landscape of the market has also been analyzed in the report with some of the major players being Thai Union, Tri Marine and Starkist.

 

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