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Canned Tuna Market Size

Report ID: GMI6384
Published Date: Nov 2024
Report Format: PDF

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Canned Tuna Market Size

The global canned tuna market size was valued at USD 39.6 billion in 2024 and is projected to expand to over 4.4% CAGR from 2025 to 2034. Canned tuna, a processed fish preserved in cans with water, oil, or brine, serves as a convenient and long-lasting protein source. Its affordability, versatility, and health benefits, notably its high protein and omega-3 content, have cemented its status as a global dietary staple.

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According to the National Oceanic and Atmospheric Administration (NOAA), the United States alone consumed over 600 billion pounds of canned tuna in 2022. The market for canned tuna is buoyed by opportunities such as the surging demand for sustainable seafood, an uptick in health consciousness, and the broadening reach of online retail channels.

Canned Tuna Market Report Attributes
Report Attribute	Details
Base Year:	2024
Canned Tuna Market Size in 2024:	USD 39.6 Billion
Forecast Period:	2025 - 2034
Forecast Period 2025 - 2034 CAGR:	4.4%
2034 Value Projection:	USD 61 Billion
Historical Data for:	2021 - 2024
No. of Pages:	235
Tables, Charts & Figures:	165
Segments covered:	Type, packaging, end-use, distribution channel
Growth Drivers:	Increasing protein diet Expansion of the food industry Growing population Expanding distribution channels
Pitfalls & Challenges:	Price volatility of tuna Competition from alternative proteins

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The U.S. Department of Agriculture (USDA) reports a 15% increase in online grocery sales in 2023, highlighting the expanding distribution channels. Furthermore, regions emphasizing convenience and healthy eating habits present growth potential through innovative packaging and product variations, including flavored or low-sodium options. The Food and Agriculture Organization (FAO) notes that sustainable seafood initiatives have grown by 20% globally, reflecting a significant market trend. These factors collectively underscore the robust growth potential of the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of canned tuna reached USD 39.6 billion in 2024 and is set to grow at a 4.4% CAGR from 2025 to 2034, driven by its affordability, versatility, and health benefits.

The skipjack tuna segment held over USD 18.9 billion in 2024 and is poised to expand at a 4.8% CAGR during the forecast period, due to its abundance, affordability, and wide consumer acceptance.

The German market was valued at USD 1.4 billion in 2024 and is expected to witness 4.8% CAGR through 2034, led by the growing demand for healthy, convenient food options and a strong preference for sustainably sourced tuna.

The key players in the industry include Bumble Bee Foods, Calvo Group, Century Pacific Food, Dongwon Group, Ocean Brands, Princes Limited, StarKist Co., Thai Union Group, Tri Marine Group, and Wild Planet Foods.