The global tuna market is being driven by factors such as increasing demand for processed/ready to cook tuna, rising disposable incomes and increasing per capita consumption. According to the latest report by IMARC Group, titled “Tuna Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global tuna market reached a value of US$ 11.38 Billion in 2017.
Tuna is a part of the mackerel fish family, and a very important part of the global fishing scenario. Tuna is enjoyed worldwide fresh-cooked, frozen, canned and as sushi. Almost 60% of the total tuna comes from the West and Central Pacific Ocean (WPCO). Since the all tuna catch from this region is under the custody of the Pacific Island Countries (PICs), these countries use their tuna resources as a source of developing their economies. A reason for this is that many of these countries only have their tuna population to call a resource for economic development. It is a widely bought item by end customers, restaurants and canning industries as well.
Rising demand for canned tuna represents a major reason currently driving the global tuna market. The busy schedules of people today are inviting a rapidly increasing need for ready to eat food, canned tuna being a popular choice. Europe currently dominates the global list of regions importing canned tuna. Middle Eastern countries like Saudi Arabia, Israel and Egypt have come up as some of the largest importers of tuna in the world. This has to do with the fact that import duty fees for canned tuna are very less in the Middle East. Another reason or the popularity and demand of canned tuna is its shelf life. Many countries are developing rapidly and their natives are switching to easy to cook, long-lasting and internationally loved food items. These preferences of the people are a reason for the increasing worldwide consumption of canned tuna. With increasing health consciousness, many people are shifting from canned tuna to fresh and frozen tuna. The biggest importers of frozen and fresh tuna include China, North America and Western Europe. Even though they cost considerably higher than canned tuna, people are willing to pay, facilitating higher economic value for the worldwide tuna trade. The tuna market can only expect steadily growing value if people keep up with their food preferences. Looking forward, the market value is projected to reach US$ 13.75 Billion by 2023, expanding at a CAGR of 3.2% during 2018-2023.
Market Summary:
- Based on type, the market has been segmented as canned, fresh and frozen tuna. Currently, canned tuna dominates the market, holding the largest share.
- On the basis of end-markets of tuna, Japan represents the largest end-market, followed by the USA, Republic of Korea and others.
- Based on the species, Skipjack tuna dominates the total tuna market. Skipjack tuna is followed by Yellowfin, Bigeye, Albacore and Bluefin.
- The competitive landscape of the market has also been examined with some of the key players being Thai Union, Tri Marine, Starkist, etc.
This report provides a deep insight into the global tuna industry 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. The report also provides a comprehensive analysis for setting up a tuna processing plant. The study analyses the processing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the tuna industry in any manner.
Key Questions Answered in This Report:
- How has the global tuna market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global tuna industry?
- What is the major end-markets in the global tuna industry?
- What are the key species in the global tuna industry?
- What is the major end-products in the global tuna industry?
- What are the tuna species in the global tuna industry?
- What are the price trends of tuna?
- What are the various stages in the value chain of the global tuna industry?
- What are the key driving factors and challenges in the global tuna industry?
- What is the structure of the global tuna industry and who are the key players?
- What is the degree of competition in the global tuna industry?
- What are the key requirements for setting up a tuna processing plant?
- How is tuna processed?
- What are the various unit operations involved in a tuna processing plant?
- What is the total size of land required for setting up a tuna processing plant?
- What are the machinery requirements for setting up a tuna processing plant?
- What are the raw material requirements for setting up a tuna processing plant?
- What are the packaging requirements for tuna?
- What are the transportation requirements for tuna?
- What are the utility requirements for setting up a tuna processing plant?
- What are the manpower requirements for setting up a tuna processing plant?
- What are the infrastructure costs for setting up a tuna processing plant?
- What are the capital costs for setting up a tuna processing plant?
- What are the operating costs for setting up a tuna processing plant?
- What will be the income and expenditures for a tuna processing plant?
- What is the time required to break-even?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Tuna Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Market Breakup by Species
5.4 Market Breakup by Product Type
5.5 Market Breakup by Region
5.5.1 Production Breakup by Region
5.5.2 Consumption Breakup by Region
5.6 Market Forecast
5.7 SWOT Analysis
5.7.1 Overview
5.7.2 Strengths
5.7.3 Weaknesses
5.7.4 Opportunities
5.7.5 Threats
5.8 Value Chain Analysis
5.8.1 Overview
5.8.2 Collectors
5.8.3 Auction
5.8.4 Pre-processing
5.8.5 Large Scale Industrial Processing
5.8.6 Packaging and Exports
5.9 Porters Five Forces Analysis
5.9.1 Overview
5.9.2 Bargaining Power of Buyers
5.9.3 Bargaining Power of Suppliers
5.9.4 Degree of Competition
5.9.5 Threat of New Entrants
5.9.6 Threat of Substitutes
5.10 Price Analysis
5.10.1 Price Trends
5.10.2 Price Indicators
5.10.3 Margins Analysis
6 Market Breakup by Species
6.1 Skipjack
6.2 Yellowfin
6.3 Albacore
6.4 Bigeye
6.5 Bluefin
7 Market Breakup by Product Type
7.1 Canned
7.2 Frozen
7.3 Fresh
8 Production Breakup by Region
8.1 Japan
8.2 Indonesia
8.3 Philippines
8.4 Taiwan P.C.
8.5 Republic of Korea
8.6 Spain
8.7 Others
9 Consumption Breakup by Region
9.1 Japan
9.2 USA
9.3 Republic of Korea
9.4 Others
10 Imports and Exports
10.1 Imports by Major Countries
10.2 Exports by Major Countries
11 Tuna Processing
11.1 Product Overview
11.2 Detailed Process Flow
11.3 Various Types of Unit Operations Involved
11.4 Mass Balance and Raw Material Requirements
12 Project Details, Requirements and Costs Involved
12.1 Land Requirements and Expenditures
12.2 Construction Requirements and Expenditures
12.3 Plant Machinery
12.4 Machinery Pictures
12.5 Raw Materials Requirements and Expenditures
12.6 Raw Material and Final Product Pictures
12.7 Packaging Requirements and Expenditures
12.8 Transportation Requirements and Expenditures
12.9 Utilities Requirements and Expenditures
12.10 Manpower Requirements and Expenditures
12.11 Other Capital Investments
13 Loans and Financial Assistance
14 Project Economics
14.1 Capital Cost of the Project
14.2 Techno-Economic Parameters
14.3 Product Pricing and Margins Across Various Levels of the Supply Chain
14.4 Taxation and Depreciation
14.5 Income Projections
14.6 Expenditure Projections
14.7 Financial Analysis
14.8 Profit Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
List of Figures
Figure 1: Global: Tuna Market: Major Drivers and Challenges
Figure 2: Global: Tuna Market: Production Volume (in Million Tons), 2010-2017
Figure 3: Global: Tuna Market: Production Value (in Billion US$), 2010-2017
Figure 4: Global: Tuna Market: Breakup by Species (in %), 2017
Figure 5: Global: Tuna Market: Breakup by Product Type (in %), 2017
Figure 6: Global: Tuna Market: Production Breakup by Region (in %), 2017
Figure 7: Global: Tuna Market: Consumption Breakup by Region (in %), 2017
Figure 8: Global: Tuna Market Forecast: Production Volume (in Million Tons), 2018-2023
Figure 9: Global: Tuna Market Forecast: Production Value (in Billion US$), 2018-2023
Figure 10: Global: Tuna Industry: SWOT Analysis
Figure 11: Global: Tuna Industry: Value Chain Analysis
Figure 12: Global: Tuna Industry: Porter’s Five Forces Analysis
Figure 13: Tuna Average Prices: (in US$ per ton), 2010 & 2017
Figure 14: Tuna Price Forecast: (in Billion US$), 2018- 2023
Figure 15: Tuna Price Structure Analysis (in Billion US$)
Figure 16: Tuna Price Structure Analysis (in %)
Figure 17: Global: Skipjack Tuna Market: Production Volume (in Million Tons), 2010, 2017 & 2023
Figure 18: Global: Yellowfin Tuna Market: Production Volume (in Million Tons), 2010, 2017 & 2023
Figure 19:Global: Albacore Tuna Market: Production Volume (in Million Tons), 2010, 2017 & 2023
Figure 20: Global: Bigeye Tuna Market: Production Volume (in Million Tons), 2010, 2017 & 2023
Figure 21: Global: Bluefin Tuna Market: Production Volume (in Million Tons), 2010, 2017 & 2023
Figure 22: Global: Tuna Market: Production Volume (in Million Tons), 2010, 2017 & 2023
Figure 23: Global: Tuna Market: Production Volume (in Million Tons), 2010, 2017 & 2023
Figure 24: Global: Tuna Market: Production Volume (in Million Tons), 2010, 2017 & 2023
Figure 25: Japan: Tuna Market: Production Volume (in Million Tons), 2010, 2017 & 2023
Figure 26: Indonesia: Tuna Market: Production Volume (in Million Tons), 2010, 2017 & 2023
Figure 27: Philippines: Tuna Market: Production Volume (in Million Tons), 2010, 2017 & 2023
Figure 28: Taiwan P.C.: Tuna Market: Production Volume (in Million Tons), 2010, 2017 & 2023
Figure 29: Republic of Korea: Tuna Market: Production Volume (in Million Tons), 2010, 2017 & 2023
Figure 30: Spain: Tuna Market: Production Volume (in Million Tons), 2010, 2017 & 2023
Figure 31: Others: Tuna Market: Production Volume (in Million Tons), 2010, 2017 & 2023
Figure 32: Japan: Tuna Market: Consumption Volume (in Million Tons), 2010, 2017 & 2023
Figure 33: USA: Tuna Market: Consumption Volume (in Million Tons), 2010, 2017 & 2023
Figure 34: Republic of Korea: Tuna Market: Consumption Volume (in Million Tons), 2010, 2017 & 2023
Figure 35: Others: Tuna Market: Production Volume (in Million Tons), 2010, 2017 & 2023
Figure 36: Global: Tuna: Import Breakup by Country (in %), 2017
Figure 37: Global: Tuna: Export Breakup by Country (in %), 2017
Figure 38: Tuna Processing: Detailed Process Flow
Figure 39: Tuna Processing: Conversion Rate of Feedstocks
Figure 40: Tuna Processing Plant: Cooked Tuna Packaging
Figure 41: Tuna Processing Plant: Tuna-Meal Packaging
Figure 42: Tuna Processing Process: Breakup of Capital Costs (in %)
Figure 43: Tuna Industry: Profit Margins at Various Stages of Supply Chain
Figure 44: Tuna Processing: Processing Cost Breakup (in %)
Figure 45: Global: Tuna Market Structure
Figure 46: Global: Tuna Market: Key Players
List of Tables
Table 1: Global: Tuna Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Tuna Market Forecast: Breakup by Species (in Million Tons), 2018-2023
Table 3: Global: Tuna Market Forecast: Breakup by Product Type (in Million Tons), 2018-2023
Table 4: Global: Tuna Market Forecast: Production Breakup by Region (in Million Tons), 2018-2023
Table 5: Global: Tuna Market Forecast: Consumption Breakup by Region (in Million Tons), 2018-2023
Table 6: Global: Tuna: Import Data by Country, 2017
Table 7: Global: Tuna: Export Data by Country, 2017
Table 8: Tuna Processing Plant: Raw Material Requirements (in Tons/Year)
Table 9: Tuna Processing Plant: Costs Related to Land and Site Development (in US$)
Table 10: Tuna Processing Plant: Costs Related to Civil Works (in US$)
Table 11: Tuna Processing Plant: Costs Related to Machinery (in US$)
Table 12: Tuna Processing Plant: Raw Material Requirements (in Tons/Year) and Expenditures (in US$/Ton)
Table 13: Tuna Processing Plant: Utility Requirements and Expenditures
Table 14: Tuna Processing Plant: Costs Related to Salaries and Wages in the First Year (in US$)
Table 15: Tuna Processing Plant: Costs Related to Salaries and Wages in the Second Year (in US$)
Table 16: Tuna Processing Plant: Costs Related to Salaries and Wages in the Third Year Onwards (in US$)
Table 17: Tuna Processing Plant: Costs Related to Other Capital Investments (in US$)
Table 18: Details of Financial Assistance Offered by Financial Institutions
Table 19: Tuna Processing Plant: Capital Costs (in US$)
Table 20: Tuna Processing Plant: Techno-Economic Parameters
Table 21: Tuna Processing Plant: Taxation (in US$/Year)
Table 22: Tuna Processing Plant: Depreciation (in US$/Year)
Table 23: Tuna Processing Plant: Income Projections (in US$)
Table 24: Tuna Processing Plant: Expenditure Projections (in US$)
Table 25: Tuna Processing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 26: Tuna Processing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 27: Tuna Processing Plant: Profit and Loss Account (in US$)