About Tuna Fish
Tuna fish is saltwater fish that is rich in nutrition like protein, vitamins, and healthy fat. Tuna are highly consumed in Japan and commonly served raw with Japanese cuisines like sushi or sashimi. It contains a high amount of omega-3 fatty acids that help to reduce cholesterol and omega-6 fatty acids and the risk of heart attacks and other cardiovascular diseases. The demand for tuna fish is increasing across the globe due to its medicinal applications and producing various types of drugs. Yellowfin tuna skinless cubes are being used for baked, fried, or curry dishes especially when consumers prefer boneless fish.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Europe |
Unit | Value (USD Billion) |
CAGR | 3.93% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Nestle S.A has introduced plant-based tuna in the market. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Tuna Fish market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Golden Prize Canning Co., Ltd. (Thailand), Ensis Group Pvt Ltd (Maldives), Wild Planet Foods (United States), Safe Catch (United States), Genova (United States), Seamax Global S.L. (Spain), SS Fishery Co., Ltd. (Taiwan), Jay Sea Foods Processing (Pvt) Ltd (Sri Lanka) and Ming Hong International (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Nestle S. A.
Segmentation Overview
AMA Research has segmented the market of Global Tuna Fish market by Type (Frozen and Dry), Application (Household and Commercial) and Region.
On the basis of geography, the market of Tuna Fish has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Packaging Type, the sub-segment i.e. Packet will boost the Tuna Fish market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Tuna Fish market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Species, the sub-segment i.e. Bluefin will boost the Tuna Fish market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Launch of Various Tuna Products by the Manufacturers and Rising consumption of Animal protein
Market Growth Drivers:
Increasing Consumption of Tuna Fish in the Salad, Wraps, Char-Grilled Dishes, and Various Japanese Cuisines and Surging Demand of Tuna Fish to Obtain Insulin, Calcium Powder, and Development of Various Drugs
Challenges:
High Level of Mercury in the Albacore Tuna that May Cause Memory Loss, Tremors, Etc. and High use of plant-based food products impacting the sales of meat and seafood in different regions
Restraints:
Allergies Related to Sea Food and Volatile Prices of Tuna due to Supply Issues
Opportunities:
Increasing Use of Canned or Pouched Tuna by the Consumers for Dinner
Market Leaders and their expansionary development strategies
In June 2023, Fortune completes acquisition of Boston Sword & Tuna, Fortune says it is now one of the largest suppliers and distributors of fresh seafood in the United States.
In November 2020, Food technology startup Vgarden, Ltd. has added fish-free, canned tuna to its line of private label meat and dairy alternatives. The tuna, derived from pea protein, was designed to offer a sustainable, vegan alternative that mimics canned versions of the world’s most popular fish, according to the company.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Tuna Fish Providers, Suppliers and Distributors, Fishery Industry, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.