Press release
Global Tuna Market Size Worth USD 59.8 Billion During 2024-2032 | With a CAGR of 3.4%
How Big is the Tuna Market?
The global tuna market size reached USD 43.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 59.8 Billion by 2032, exhibiting a growth rate (CAGR) of 3.4% during 2024-2032.
Tuna Market Trends:
The global market is witnessing significant growth due to rising demand for protein-rich diets, especially in regions with health-conscious populations. Additionally, the increasing popularity of sushi and sashimi in global cuisines is contributing to higher tuna consumption. Moreover, the growing availability of canned and frozen tuna products is making it more accessible to consumers. Furthermore, advancements in fishing technologies are enhancing the efficiency of tuna harvesting, thereby impelling supply.
Additionally, the rise in eco-friendly fishing practices and certifications is positively impacting market perception. Besides, the demand for premium and sustainably sourced tuna products is expanding as consumers become more environmentally aware. Furthermore, government initiatives to promote sustainable fishing practices are fostering market stability and ensuring a steady supply. The increasing urbanization and disposable incomes, particularly in emerging markets, are supporting the tuna market's steady expansion.
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Tuna Market Scope & Growth Analysis:
The market scope is expanding due to the increasing consumer preference for ready-to-eat and convenient seafood products. The frozen and canned tuna segments are gaining traction as they meet the demands of busy consumers. Moreover, the trend toward sustainable and traceable fishing practices is broadening the market scope, appealing to environmentally conscious buyers. Additionally, the growing influence of digital marketing and online sales platforms is playing a crucial role in enhancing product visibility and reach. The market is also benefiting from rising health awareness, with consumers favoring tuna for its high nutritional value.
Furthermore, tuna is becoming a staple in diverse culinary traditions, driving demand globally. Emerging innovations in packaging, product diversification, and expanded distribution networks are creating a positive market outlook. These developments are poised to drive further growth in the global tuna market, particularly as more consumers seek out nutritious and convenient food options.
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Who are the key Players Operating in the Industry?
* Thai Union
* Tri Marine
* Starkist
Key Market Segmentation:
Breakup by Type:
* Canned
* Frozen
* Fresh
According to the report, canned represented the largest market segmentation.
Breakup by Species:
* Skipjack
* Yellowfin
* Albacore
* Bigeye
* Bluefin
According to the report, skipjack represented the largest market segmentation.
Production Breakup by Region:
* Japan
* Indonesia
* Philippines
* Taiwan P.C.
* Republic of Korea
* Spain
* Others
According to the report, Indonesia accounted for the largest market share for tuna production.
Consumption Breakup by Region:
* Japan
* USA
* Republic of Korea
* China
* Taiwan P.C.
* European Union
* Others
According to the report, Japan accounted for the largest market share.
Key Highlights of the Report:
* Market Performance (2018-2023)
* Market Outlook (2024-2032)
* Historical, Current and Future Market Trends
* Porter's Five Forces Analysis
* Market Drivers and Success Factors
* SWOT Analysis
* Structure of the Market
* Value Chain Analysis
* Comprehensive Mapping of the Competitive Landscape
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Why Choose IMARC Research Report:
* Strong Market Research Expertise
* Targeted Marketing Strategies
* Innovative Solutions
* Comprehensive Analysis
* Accuracy and Reliability
* Provides Insightful Forecasts
* Available Customization Options
* Strong Customer Service
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us:
IMARC Group is globally recognized as a leader in market research, specializing in offering strategic management solutions and extensive market analyses across diverse industries. We collaborate with clients worldwide, focusing on identifying the most lucrative opportunities, addressing critical business challenges, and guiding significant business transformations.
Our detailed reports cover significant market, scientific, economic, and technological developments, serving business leaders in pharmaceutical, industrial, and high technology sectors. With a deep expertise in providing industry forecasts and analyses for sectors including biotechnology, advanced materials, pharmaceuticals, and food and beverage, we equip leaders with the knowledge to navigate complex markets and stay ahead of technological trends.
Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
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