tuna market
03 Dec
2019

According to the latest report by IMARC Group titled, “Tuna Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market reached a value of US$ 11.59 Billion in 2018. Belonging to the Scombridae family, commonly known as the mackerel group, tuna is a type of fish available in saltwater. Widely considered as one of the major sources of animal protein, it is cherished in frozen, fresh, canned and sushi forms across the globe. It provides numerous health benefits such as blood pressure control, strengthened immune system, and improved heart health, along with aiding significantly in preventing inflammatory diseases such as arthritis and gout. Looking forward, the market is expected to reach a value of US$ 14.4 Billion by 2024, exhibiting a CAGR of around 3.2% during 2019-2024.

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The rising demand for canned tuna is the key factor driving the market growth. Packaged food items have experienced a significant increase in demand, owing to the busy schedules of the working population. Canned tuna, among all the other packaged foods, has emerged as one of the most popular food choices. Furthermore, the rising popularity of sushi as a global dish is also contributing to the market growth. In addition to this, cultivation of a wide variety of tuna such as skipjack, yellowfin, bigeye and albacore, and their easy availability caters to the diversified taste and preferences. Other factors such as increasing disposable incomes, rising per capita consumption coupled with improved living standards are also fueling the market growth.

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Market Segmentation:

Breakup by Type:

• Canned
• Fresh
• Frozen

Breakup by Species:

• Skipjack
• Yellowfin
• Albacore
• Bigeye
• Bluefin

Breakup by End Markets:

• Japan
• Indonesia
• Philippines
• Taiwan P.C.
• Republic of Korea
• Spain
• Others

Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players being Thai Union, Tri Marine, Starkist, etc.

Key highlights of the report:

• Market Performance
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Competitive Structure
• Profiles of Key Players

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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imarcgroup
imarcgroup
https://www.imarcgroup.com/
[email protected]

IMARC Group is a leading market research company that provides market and business research intelligence across the globe. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. We make an effort to fulfill specific and niche requirements of the industry while balancing the quantum of quality with stipulated time and trace major trends at both the domestic and global levels. The information products and services provided by IMARC cover major technological, scientific and economic developments in industrial, pharmaceutical and high technology organizations.