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The Growing Demand For Seafood Fuels The Expansion Of The Frozen Tuna Market Driver: Leading Transformation in the Frozen Tuna Market in 2025
Frozen Tuna
The increasing demand for seafood is expected to drive the growth of the frozen tuna market. Seafood, a key source of protein and nutrients, is becoming more popular due to health awareness, the growth of aquaculture, changing diets, and concerns over land-based protein sources. Frozen tuna meets the global demand by offering a reliable, high-quality product suitable for various cuisines. For example, in September 2023, Statistics Canada reported a rise in farmed shellfish sales, which increased by 11.8% in 2022 compared to 2021. Therefore, the growing demand for seafood is propelling the frozen tuna market.
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What is the future CAGR of the frozen tuna market, and how will it impact industry expansion?
The frozen tuna market has grown rapidly in recent years. It will increase from $8.22 billion in 2024 to $9.1 billion in 2025, with a CAGR of 10.7%. This growth is attributed to rising demand for seafood, the increasing consumption of plant-based protein sources, and the popularity of sushi and sashimi.
The frozen tuna market is expected to reach $13.47 billion by 2029 at a CAGR of 10.3%. This growth is due to the increasing popularity of protein-rich foods, rising demand for frozen tuna and value-added seafood, and the growth of modern retail and online food delivery services. Trends include technological innovations, cold chain logistics improvements, flash-freezing technology, sustainable packaging solutions, and advanced thawing techniques.
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What are the most significant trends transforming the frozen tuna market today?
Companies in the frozen tuna market are focused on introducing ultra-low temperature (ULT) frozen fish to enhance quality, shelf-life, and sustainability. In April 2023, Big Fish Maldives, a company from the Maldives, launched ultra-low temperature frozen tuna products that maintain freshness for extended periods. The fish is frozen at temperatures as low as -60°C, which helps preserve its color, fat content, and quality, making it ideal for high-end sushi and sashimi markets.
Which key market segments comprise the frozen tuna market and drive its revenue growth?
The frozen tuna market covered in this report is segmented -
1) By Type: Frozen Albacore, Frozen Big Eye Ahi, Frozen Bluefin Tuna, Frozen Skipjack, Frozen Yellowfin Tuna
2) By Distributed Channel: Online, Offline
3) By Application: Supermarkets And Hypermarkets, Convenience Stores, Specialty Stores, Online Retail
Subsegments:
1) By Frozen Albacore: Wild-Caught Frozen Albacore, Farmed Frozen Albacore
2) By Frozen Big Eye Ahi: Wild-Caught Frozen Big Eye Ahi, Frozen Big Eye Ahi Steaks
3) By Frozen Bluefin Tuna: Wild-Caught Frozen Bluefin Tuna, Frozen Bluefin Tuna Steaks, Frozen Bluefin Tuna Belly
4) By Frozen Skipjack: Wild-Caught Frozen Skipjack, Frozen Skipjack Loins
5) By Frozen Yellowfin Tuna: Wild-Caught Frozen Yellowfin Tuna, Frozen Yellowfin Tuna Steaks, Frozen Yellowfin Tuna Saku
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Which region dominates the frozen tuna market?
Asia-Pacific was the largest region in the frozen tuna market in 2023. The regions covered in the frozen tuna market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the frozen tuna market?
Major companies operating in the frozen tuna market are ITOCHU Corporation, Sojitz Corporation, Dongwon Group, Nissui Corporation, Mowi ASA, Thai Union Group PCL, Bolton Group, SalMar ASA, IBL Ltd., High Liner Foods Inc., Century Pacific Food Inc., The Jealsa Rianxeira S.A.U., Bumble Bee Foods LLC, Tassal Group, Chicken of the sea, Shanghai Kaichuang Marine International, Zhejiang Ocean Family Co. Ltd., Grupo Calvo, FCF Co. Ltd., Sea Delight LLC, Pescanova SA, Stehr Group, Golden Prize Canning Co. Ltd.
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What Is Covered In The Frozen Tuna Global Market Report?
•Market Size Forecast: Examine the frozen tuna market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the frozen tuna market for a structured understanding.
•Key Players Overview: Analyze major players in the frozen tuna market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the frozen tuna market.
•Segment Contributions: Evaluate how different segments drive overall growth in the frozen tuna market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the frozen tuna market.
•Industry Challenges: Identify potential risks and obstacles affecting the frozen tuna market.
•Competitive Landscape: Review strategic developments in the frozen tuna market, including expansions, agreements, and new product launches.
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