North America Tuna Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

North America Tuna Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A1806
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Market Overview:

The North America tuna market is expected to exhibit a CAGR of 2.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Tuna is a saltwater fish that belongs to the tribe Thunnini, a subgrouping of the Scombridae (mackerel) family. Tuna is one among the three species of fish that can maintain a body temperature higher than that of the surrounding water. An active and agile predator, the tuna has a sleek, streamlined body, and is among the fastest-swimming pelagic fish – the yellowfin tuna, for example, is capable of speeds of up to 75 km/h (47 mph). Found in warm seas, it is extensively fished commercially and is popular as a game fish.

North America tuna market is currently being driven by a number of factors. The rising demand for canned tuna is playing a major role in stimulating the market in the region. Busy schedules and hectic lifestyles have resulted in a rapidly growing need for easy consumable and long-lasting food items, with canned tuna being a popular choice. Moreover, with increasing health consciousness, the demand of fresh and frozen tuna is also increasing in the region. In addition to this, consumption of tuna is associated with several health benefits, for instance, it contains high level of potassium which helps in lowering blood pressure, risk of stroke and heart attacks. Furthermore, manganese, zinc, vitamin C and selenium in Tuna help in strengthening the immune system. Vitamin B strengthens bones, and antioxidants eliminates the risk of breast and kidney cancers. Currently, tuna of various species such as skipjack, yellow-fin, albacore, bigeye, bluefin, etc. are available in the region. Moreover, these species are available in number of sizes and products such as frozen, fresh, oil, meal, etc. Such vast presence of different kinds of tuna caters to the taste and preferences of a large number of consumers. In addition to this, technological advancements coupled with the numerous academic research centers have contributed in reducing the disease threats and have made tuna production and processing more viable in the region.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the North America tuna market, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on species and product type.

  • Key Regions Analysed
    • United States
    • Canada
       
  • Analysis for Each Country
     
  • Market by Species
    • Skipjack
    • Yellowfin
    • Albacore
    • Bigeye
    • Bluefin
       
  • Market by Product Type
    • Canned
    • Frozen
    • Fresh
       
  • Value Chain Analysis
  • Key Drivers and Challenges
  • Porters Five Forces Analysis
  • Competitive Landscape
    • Competitive Structure
    • Key Player Profiles
       

IMARC Group’s latest report provides a deep insight into the North America tuna market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America tuna market in any manner.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units Million Tons
Segment Coverage Species, Product Type, Country
Countries Covered United States, Canada
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

We expect the North America tuna market to exhibit a CAGR of 2.1% during 2022-2027.

The expanding aquaculture activities, along with the rising popularity of canned, frozen, and processed tuna variants, are currently driving the North America tuna market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of tuna and tuna-based food products.

Based on the species, the North America tuna market has been segmented into skipjack, yellowfin, albacore, bigeye, and bluefin. Among these, skipjack tuna currently represents the largest market share.

Based on the product type, the North America tuna market can be bifurcated into canned, frozen, and fresh. Currently, canned product type accounts for the majority of the total market share.

On a regional level, the market has been classified into United States and Canada, where the United States currently dominates the market.

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North America Tuna Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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