Global Canned Tuna Market 2018-2022
About Canned Tuna
Tuna is a type of saltwater fish, canned in various types of sauces, edible oils, brine, and water. It is sold for both commercial and retail purposes and is one of the most affordable sources of animal protein.
Technavio’s analysts forecast the Global Canned Tuna Market to grow at a CAGR of 4.67% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global canned tuna market. To calculate the market size, the report considers the revenue generated from the sales of canned tuna.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Canned Tuna Market 2018-2022
Technavio recognizes the following companies as the key players in the global canned tuna market: AMERICAN TUNA, Bumble Bee Foods, DONGWON INDUSTRIES, Thai Union Group, The Tuna Store, and Wild Planet.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the rising import and export.” To meet the global demand for food, including fish, the export of fish and seafood products like tuna is increasing.
According to the report, one driver influencing this market is the growing demand for processed seafood. As cooking fresh seafood can be often cumbersome, processed seafoods, such as canned tuna, are gaining popularity among consumers.
Further, the report states that one challenge affecting this market is the fluctuating prices of tuna. Factors such as strict quota management, poor catch situation, and increased demand from canneries can be attributed for the hike in prices.
Bumble Bee Foods
Thai Union Group
The Tuna Store