Global Canned Tuna Market 2017-2021
About Canned Tuna
Tuna is a type of saltwater fish, canned in various types of sauces, edible oils, brine, and water, and sold for both commercial and retail purposes. It is one of the most affordable sources of animal protein in the world. Canned fish are fish which have been processed, sealed in an airtight container such as a sealed tin can, and subjected to heat.
Technavio’s analysts forecast the global canned tuna market to grow at a CAGR of 4.18% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global canned tuna market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Canned Tuna Market 2017-2021
Technavio recognizes the following companies as the key players in the global canned tuna market: American Tuna, Bumble Bee Seafoods, StarKist, Thai Union Group, The Tuna Store, and Wild Planet.
Other Prominent Vendors in the market are: AYAM, CENTURY PACIFIC FOOD, Conservas Ortiz, Crown Prince, Equa Seafoods, Giacinto Callipo Conserve Alimentari, NATURAL SEA, Organico, Princes, Roland Foods, SAFE CATCH, The Clover Leaf Seafoods Family, and Wild Selections.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing demand for sustainable canned tuna. Canned tuna is one the most popular canned seafood choices among consumers. However, the high consumption of canned tuna has created major environmental issues that arise from the fishing methods.”
According to the report, one driver in the market is convenience factor and long shelf life of canned tuna. The demand for convenience products is on the rise since the past decade. Many countries have experienced rapid urbanization in recent years. The urban population has developed new habits and preferences toward international food trends, and the demand for readily packaged foods has increased among this urban population base. Supermarkets and hypermarkets store more ready-to-eat (RTE) packaged seafood, as cooking fresh seafood can get cumbersome.
Further, the report states that one challenge in the market is growing challenge from fresh tuna varieties. Compared with canned tuna, the demand for fresh tuna has increased, especially in China, North America, and Western Europe. Consumers in these regions have deviated from canned tuna, and moved toward fresh and frozen tuna, due to the increased health awareness. Fresh tuna is considered a high-value product in the European market, especially in countries like Spain, France, and Italy, and most consumers are ready to spend a premium amount on fresh tuna.
American Tuna, Bumble Bee Seafoods, StarKist, Thai Union Group, The Tuna Store, and Wild Planet.Other Prominent Vendors in the market are: AYAM, CENTURY PACIFIC FOOD, Conservas Ortiz, Crown Prince, Equa Seafoods, Giacinto Callipo Conserve Alimentari, NATURAL SEA, Organico, Princes, Roland Foods, SAFE CATCH, The Clover Leaf Seafoods Family, and Wild Selections.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook