Press release
The Tuna Fish Market is expected to reach $51.76 billion by 2032, with a CAGR of 2.5%.
Tuna Fish Market
Report Scope
This report emphasizes overall sales volume, revenue, price, market share, and key companies to present a thorough overview of the market for tuna fish. It also includes an analysis of the tuna fish market by species, type, and region.
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Market Definition
Tuna is a type of bony fish found in the saltwater region of the Atlantic Ocean. It has gained major prominence in recent years due to its myriad benefits, such as the presence of Vitamin B12, which is beneficial for the prevalence of anaemia. It also has a major presence of omega-3 fatty acid which keeps away cardiovascular-related health problems by reducing the amount of cholesterol in the arteries. These benefits, coupled with its different but well-liked taste and texture, help drive the sales of this nutrient-packed fish.
Top Companies
The major global players focus on innovative product development and profit-inducing initiatives to generate revenue and drive business growth. Some of the major players in the tuna fish market are:
• High Liner Foods
• Surapon Foods
• Thai Union
• Waterbase
• ITOCHU
• Dongwon
• IBL
• Century Pacific Food
• Bolton
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Growth Drivers
• The increased adoption of seafood consumption by individuals from the coastal areas is propelling the demand for tuna fish. Due to the proximity of the coastal areas to the sea, it is easier for coastal individuals to have access to fresh fish.
• The widespread popularity of sushi and sashimi has also contributed to the adoption of tuna as the go-to fish for sushi enthusiasts. Sushi-grade tuna has gained a lot of traction due to its incorporation in the Japanese delicacy.
Tuna Fish Market Report Highlights
• Skipjack segment is anticipated to grow at a higher rate owing to the affordability and growing popularity of the species.
• Canned segment accounted for the higher growth rate owing to the growing demand for healthy and sustainable food options.
• Europe garnered the larger revenue share in the forecast period owing to the high per capita consumption of tuna, import demand, and increasing demand for high-quality seafood.
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Segmental Overview:
Tuna Fish Market, Species Outlook (Revenue - USD Billion, 2019-2032)
• Skipjack
• Albacore
• Yellowfin
• Bigeye
• Bluefin
Tuna Fish Market, Type Outlook (Revenue - USD Billion, 2019-2032)
• Canned
• Fresh
• Frozen
Regional overview
• Europe emerged as the dominant player in the global market. This market dominance can be attributed to several factors, including high per capita fish and seafood consumption and a well-organized seafood industry in the region.
• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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