Canned Tuna Market Size is projected to reach USD 10.490 billion by the year 2028, growing at a CAGR of 4.46%

Market Overview:
Global Canned Tuna Market was valued at USD 7.729 billion in 2021 and is expected to reach USD 10.490 billion by the year 2028, at a CAGR of 4.46%.

Canning tuna is the process by which fish are preserved and keep fresh until it can be marketed, it is packed with a liquid substance like oil or water, canned tuna is a good source of some essential nutrients like vitamins and minerals, including vitamin D, selenium, and iodine and omega-3-fatty acid, it is having low cholesterol and sodium canned tuna is the major dietary source for physical and mental health. skipjack, albacore, bigeye, yellowfin, Atlantic bluefin, Pacific bluefin, and Southern bluefin, are the seven most common, commercial, and economically viable fish species in the world that found in waters.

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Market Dynamics:
Driver:
Canned tuna is an inexpensive source of protein, and also good source of amino acid taurine, an amino acid that can help to protect from heart disease, it is a good source of omega-3-fatty acid and if you want to lose weight a canned tuna is the best option because this is rich in protein and low in fat/calories, it's having long shelf life some brands of canned tuna keep 2 to 5 years, During the covid-19 pandemic period, peoples are more prefer canned tuna because of it is rich in nutrients and easy to consume.

Opportunities:
Because of fast lifestyle, people are looking for the easiest and rich source of nutrients for its body that's why they prefer canned tuna as a result in more demand in the future, Increasing online distribution and internet penetration all over the world that impacts to increase in demand for canned tuna the market is a boost, Canned tuna is The most commonly consumed food in the United States, an average person eats almost 14 pounds in a year, In August 2021, Bolton Group and Wild Planet will collaborate to create an exceptionally responsible supply chain, Wild Planet Foods, a leader in the canned fish sector, has been acquired by Italy.

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Market Segmentation:
By Type
• Canned White Tuna
• Canned Light Tuna

By Distribution Channel
• Supermarkets and Hypermarkets
• Convenience Stores
• Online Retailers

Regional Insights:
By region, Canned tuna market is segmented into North-America, Latin America, Asia-Pacific, Europe and MEA. In this segment, Europe segment is accounted for the largest segment with the market share of 32.12% and estimated to have a market size of USD 2962.22 million in the year 2026 with the CAGR of 4.00%. The Canned Tunas market is declining due to the growing concern for the killings of dolphins done while tuna fishing. The market in North-America is slowly down-falling due to the shortage and curtailed supply of the canned tuna as the government has banned some regions of Pacific Ocean for the tuna fishing.
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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Players Covered in Canned Tuna Market are:
• Dongwon
• Bumble Bee Foods
• Crown Prince Inc.
• Natural Sea
• Wild Planet
• American Tuna
• Century Pacific Food
• Frinsa del Noroeste
• Hagoromo
• Thai Union Group (TUF) and Other Major Players.

Among other players domestic and global, Canned Tuna market share data is available for global, North America, Europe, Asia-Pacific, Middle East and Africa and South America separately. Our analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Salient Features of the Canned Tuna Market
Global Canned Tuna Market was valued at USD 7.729 billion in 2021 and is expected to reach USD 10.490 billion by the year 2028, at a CAGR of 4.46%.

Overfishing has led to a ban by the government in some parts of the Pacific Ocean, curtailing the supply of canned tuna, which in turn has led to the increase in prices hampering the market of Europe.

The increasing need for the ready-to-eat and processed food has increased the market for the United States, straight away leading the market for North-America.

Increasing demand for the super-frozen tuna, mostly used Japanese delicacy called sashimi is increasing the demand in the Asian countries, making Asia-Pacific the second largest region for the market share of canned tuna market.

Increasing demand of canned tuna from the Middle Eastern countries like Egypt, Saudi Arabia and Israel is expected to increase Canned tuna market in the forecast period.

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Table Of Content
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2: Executive Summary

Chapter 3: Growth Opportunities By Segment
 3.1 By Type
 3.2 By Distribution Channel

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing
Continue.

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