Home > Food & Beverages > Processed Food > Convenience Foods > Canned Tuna Market

Canned Tuna Market Trends

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

Download Free Sample

Canned Tuna Market Trends

Key trends are shaping the canned tuna industry. A notable shift is towards sustainably sourced products, spurred by heightened environmental awareness among consumers. In response, brands are increasingly securing eco-friendly certifications, such as MSC (Marine Stewardship Council). According to the National Oceanic and Atmospheric Administration (NOAA), the U.S. saw a 15% increase in sustainably sourced seafood in 2023.

Furthermore, health-conscious consumers are driving demand for low-sodium, organic, and flavored tuna variants. The Centers for Disease Control and Prevention (CDC) reported a 10% rise in organic food consumption in 2023. Convenience is paramount, with ready-to-eat formats gaining traction amidst busy lifestyles.

The U.S. Census Bureau noted a 20% increase in online retail sales in 2023, highlighting the shift towards online retail and direct-to-consumer sales as favored distribution channels. Meanwhile, urbanization and rising disposable incomes are propelling increased consumption in emerging markets, especially in the Asia-Pacific and Latin America regions. The World Bank reported a 5% increase in urbanization rates in these regions in 2023, further driving market growth.

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.