Canned Tuna Market Report Scope & Overview:

The Canned Tuna Market Size was esteemed at USD 9.14 billion out of 2022 and is supposed to arrive at USD 13.43 billion by 2030, and develop at a CAGR of 4.92% over the forecast period 2023-2030.

Canned fish is a significant dietary source that is expected for the sound heart, mind, and improvement of the body. Canned fish has fundamental supplements like omega-3 unsaturated fats, great protein, nutrients, and selenium. Canned fish is a supplement item that has a long-time span of usability. It is loaded with some fluid like oil or water. It likewise has low cholesterol and sodium. The canned fish can be bought from grocery stores or online stores.

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Fish is a low glycemic record (GI) food and a decent wellspring of selenium, Vitamin B3 (niacin), Vitamin B12, Vitamin B6, protein, phosphorus, Vitamin D, and potassium. It likewise conveys magnesium, choline, Vitamin B1 (thiamine), Vitamin B2 (riboflavin), and iodine. Fish is high in protein and low in fat. Canned fish buying is expanding among shoppers because of the advantages related to eating the item at suggested sums each week, which may enormously offset the dangers of mercury levels that might be consumed alongside the item.

Market Dynamics:

Driving Factors:

• Ascend in the interest of fish.

• Expansion in discretionary cash flow.

Restraining Factors:

• The expansion in the mindfulness toward the creature.

• Climate security.

Opportunities:

• The ascent in web-based dissemination direct.

• An expansion in web entrance.

Challenges:

• Flood in the shift of purchasers to vegetarian items because of medical problems.

Impact of Covid-19:

The COVID-19 pandemics have impacted the worldwide market and the economy. There is an expansion in the interest for bundled food that has a long timeframe of realistic usability. Customers are buying food items in mass and this has created issues for the retailer. Retailers are dealing with issues because of an absence of supply from the producer and transportation limitations. Makers can't deliver the item because of disturbance in the stockpile of unrefined substances and the absence of laborers. The import-trade limitation can likewise be the justification for disturbance in calculated networks. Organizations are just zeroing in on satisfying the homegrown interest.

Product Type:

The canned light fish records to hold the biggest piece of the pie on the lookout, inferable from the various medical advantages related to it. The canned light fish is gotten from skipjack or yellowfin fish and has a light tan pink shaded tissue, delicate surface, and is more flavourful than white fish, which pursues it a beneficial decision of fish food. Then again, the canned white fish market is supposed to observe huge development in the predictable years, attributable to its simple accessibility and low-calorie content. The white fish is gotten from tuna fish, has a whitish appearance and the meat is firmly contrasted with the light fish.

Distribution Channel:

The grocery stores/hypermarkets are the favored channel for buying fundamental and superfluous items by the buyer because of the wide accessibility of an alternate scope of items under a solitary rooftop. The development of without allergen and sans gluten pastry kitchen items decidedly affects the market. The advertisers are zeroing in on fostering the cutting-edge exchange and retailing areas for giving a helpful and reasonable shopping experience to the buyers. The web-based retail area is likewise acquiring prominence because of buyers because of the wide openness of customers to different item buying stages on the web.

Market Segmentation:

By Type:

• Canned Light Tuna

• Canned White Tuna

Distribution Channel:

• Supermarket/Hypermarket

• Convenience Stores

• Specialty Stores

• Online Retail

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Regional Analysis:

• North America

  • USA

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

• Asia-Pacific

  • Japan

  • south Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

• The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

Fish is a famous fish and is considered one of the five top fish species consumed across the globe. It is among the most monetarily esteemed fish universally. The European Union and the United States are the biggest shoppers of canned fish. Japan is the biggest shopper of Sashimi grade fish. Thailand, Indonesia, the Philippines, and Vietnam are significant exporters of handled canned fish. Key merchant countries of fish are the USA, Italy, Spain, France, United Kingdom, Germany, Japan, Australia, Netherlands, and Saudi Arabia.

Key Players:

AEC CANNING Co. Ltd., American Tuna Inc., Oceans, Dongwon Group, Crown Prince Inc., Thai Union Group PCL., Wild Planet Food Inc., Century Pacific Food Inc., Golden Prize Canning Co. Ltd., Bumble Bee Foods LLC.

Oceans-Company Financial Analysis