Press release
Market Trend Analysis: The Impact of Recent Innovations on the Frozen Tuna Market
An Overview of the Frozen Tuna Market's Future OutlookThe frozen tuna market is set to experience notable expansion over the coming years. By 2030, its valuation is anticipated to reach $14.2 billion, growing at a compound annual growth rate (CAGR) of 9.2%. This upward trend is driven by several important factors, including a growing preference for certified sustainable tuna, improvements in cold chain logistics, increased demand for premium frozen seafood, stricter traceability standards, and advancements in tuna preservation technologies. Key developments shaping the market during this period include the rising use of ultra-low temperature freezing, growing demand for sushi-grade frozen tuna, heightened focus on sustainable tuna fishing practices, expanding export-oriented tuna processing, and a stronger emphasis on maintaining product quality.
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Prominent Companies Leading the Frozen Tuna Industry
The frozen tuna market is dominated by a range of major players such as ITOCHU Corporation, Sojitz Corporation, Dongwon Group, Nissui Corporation, Thai Union Group PCL, Bolton Group, IBL Ltd., High Liner Foods Inc., Century Pacific Food Inc., The Jealsa Rianxeira S.A.U., Bumble Bee Foods LLC, 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., Maruha Nichiro Corporation, Tri Marine Group, Kyokuyo Co. Ltd., and Mitsui & Co. Ltd.
A significant development took place in September 2023 when US-based Mark Foods Inc., an importer, processor, and marketer of premium frozen seafood, acquired Arista Industries Inc. Though the financial details were not disclosed, this acquisition allows Mark Foods to broaden its frozen seafood offerings, scale up operations, and enhance distribution across retail and foodservice channels. Arista Seafood, based in the US, specializes in sustainably sourced frozen seafood including shrimp, mussels, lobster, crab, octopus, tuna, and other varieties.
Innovations and Trends Shaping the Global Frozen Tuna Market
Leading companies within the frozen tuna sector are increasingly investing in innovative solutions such as ultra-low temperature (ULT) freezing to boost product quality, shelf life, and sustainability. ULT freezing involves chilling fish to much lower temperatures than conventional methods, often reaching as low as minus 60 degrees Celsius, which preserves freshness for longer periods.
For example, in April 2023, Big Fish Maldives introduced ultra-low temperature frozen tuna products that stay fresh due to rapid freezing at -60 degrees Celsius. This technique enables premium quality fish to be marketed internationally at prices around 150% higher compared to fish frozen at standard temperatures of 20 degrees Celsius. ULT frozen tuna is especially popular for sashimi and high-end sushi because it retains its natural ruby-red color, rich fat content, and exceptional taste.
View the full frozen tuna market report:
https://www.thebusinessresearchcompany.com/report/frozen-tuna-global-market-report?utm_source=OpenPR&utm_medium=Paid&utm_campaign=Feb_PR
Detailed Segmentation Covered in the Frozen Tuna Market Report
This report categorizes the frozen tuna market based on several key segments:
1) By Type: Frozen Albacore, Frozen Big Eye Ahi, Frozen Bluefin Tuna, Frozen Skipjack, Frozen Yellowfin Tuna
2) By Distribution Channel: Online, Offline
3) By Application: Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online Retail
Further breakdowns include subsegments such as:
- Frozen Albacore: Wild-Caught Frozen Albacore
- Frozen Big Eye Ahi: Wild-Caught Frozen Big Eye Ahi, Frozen Big Eye Ahi Steaks
- Frozen Bluefin Tuna: Wild-Caught Frozen Bluefin Tuna, Frozen Bluefin Tuna Steaks, Frozen Bluefin Tuna Belly
- Frozen Skipjack: Wild-Caught Frozen Skipjack, Frozen Skipjack Loins
- Frozen Yellowfin Tuna: Wild-Caught Frozen Yellowfin Tuna, Frozen Yellowfin Tuna Steaks, Frozen Yellowfin Tuna Saku
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