canned tuna consumption by country

Supermarkets and hypermarkets distribution channel is the major marketing method for canned tuna about 58%. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-14896, 1.2. Canned Tuna Canned tuna remains a popular, relatively low-cost source of shelf-stable protein that is traded as a global 'commodity' product (i.e. This website is secure and your personal details are safe. Beverage Flavoring Agent Market Outlook:Beverage flavoring agent marketis projected to grow at a CAGR of5.7%during the forecast period, to reach a value ofUSD 7.8 Bnby 2032. Even though it has a lot of health benefits and can be used to whip up a classic mayo-doused salad or a decadent tuna melt, you still probably don't think of canned tuna as a dish that ends up on American dinner plates very often. The growing familiarity with the internet has paved new ways for e-commerce. Fill the Pre-Order Enquiry form for the report@https://proficientmarketinsights.com/enquiry/pre-order-enquiry/18724063?utm_source=ng. This has declined the sales of the market in the region and has thus, negatively impacted the market. "U.S. Population: Do You Eat Tuna (Can or Pouch)?. However, the number of calories and amounts of total fat and saturated fat depend on . Explore purchase options. Get quick analyses with our professional research service. Fillet supplies declined from the top suppliers: Indonesia (20 percent to 11 295 tonnes), Viet Nam (-12 percent to 7 365 tonnes), and the Philippines (-27 percent to 1 850 tonnes). Demand for frozen raw materials also increased from the large production bases in Asia and Europe to meet growing demand. Here's what you can expect from a one-ounce serving of canned tuna, packed in oil, according to the USDA Nutrient Database: Calories: 56. Imports from the extra-EU sources were 429 100 tonnes (+4.3 percent).In other European countries, imports increased in Switzerland, the Russian Federation, and Ukraine, but declined in Norway during the review period.Good demand and strong imports for canned tuna in the Middle East and North Africa (MENA) region persisted during the first nine months of 2020. Thai Union Group PCL, Bumble Bee Foods LLC, StarKist Co., and American Tuna Inc. are few key players. The Stunning Numbers Behind US Canned Tuna Consumption, old-school classics like tuna noodle casserole. The report includes data from multiple sources and offers a detailed tuna market analysis using several research methodologies. The hygiene quotient of canned goods also plays a major role in boosting the market growth. As a Premium user you get access to the detailed source references and background information about this statistic. The rapid urbanization and changing lifestyle have led to many new mass merchandisers being established which have drawn the consumers' attention. Initially, the report shows a basic overview of the industry including definitions, classifications, applications, share, trend, forecast analysis, growth, Manufacturers, Industrial end users, Commercial end users, Government bodies and more. Please fill out the form below for a free PDF report sample & Fat: 2.3 g. Protein: 8.3 g. Carbohydrates: 0 g. Fiber: 0 . The European Union Get Report Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-14896. Albacore, or white meat, accounts for the rest. Thai Union Group PCL, Bumble Bee Foods LLC, StarKist Co., and American Tuna Inc. are the prominent market players among the others. With lockdowns and stay-at-home orders in place, many people stocked up on non-perishable food items, including canned tuna. In fact, canned tuna is the second most consumed seafood product in America, topped only by shrimp. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive, Please pass on our sincere thanks to the whole team at Fortune Business Insights. And the amount of canned tuna Americans actually eat may surprise you. I appreciate the timeliness and responsiveness of you and your team., (applicable to 1 report only for the same license type), The global canned tuna market size is projected to reach USD 9.22 billion by 2027, exhibiting a CAGR of 2.26% during the forecast period [2020-2027], 2020 Fortune Business Insights . Gift Long a staple of the American diet, canned tuna has fallen on hard times. Strength, Weakness, Opportunities and Threat to the organization and others. Fortune Business Insights says that the value of the market was at USD 7.74 billion in 2019 and is projected to reach USD 9.22 billion by 2027. Please create an employee account to be able to mark statistics as favorites. The consumers in the U.S. have a Japanese and Indian influence. online dashboard trial. This is due to the growing demand from the millennial population. Protein. Very satisfied with the overall report as it has helped me to build strategies for my business, This is regarding the recent report I bought from Fortune Business insights. Rising E-Commerce Channels to Boost Supply Chain. 6. Additionally, the European Union, the United States and Japan are the largest consumers of canned tuna. Who are the key players in canned tuna market? The rapid urbanization and incorporation of western lifestyles have increased the demand for the market. This led to an increase in demand for canned tuna products, as consumers looked for affordable and long-lasting sources of protein. Europe was the largest market for canned tuna with a share of more than 38.0% in 2022 owing to the consumers increasing adoption of simple, ready-to-eat, and convenient seafood choices. and over 1Mio. Some key players operating in the canned tuna market include Frinsa del Noroeste S.A., Thai Union Group PCL, Bumble Bee Foods LLC, Century Pacific Food Inc., Jealsa, Grupo Calvo, Wild Planet Foods Inc., PT. Tuna species vary in lifespan and species from around lifespan of 10 years and 40-pound skipjack to lifespan of up to 40 years and 1500 pound bluefin species. This closure ended on 19 January 2021 and supply increases are likely. What are sales, revenue, and price analysis by types and applicationsof Canned tuna market? Exports also increased to the other regional markets namely Argentina, Chile, Uruguay, Panama, and Costa Rica but declined to the United States of America.Increased supplies of canned tuna to Japan and the Middle East markets boosted exports from the Philippines by 25 percent during the review period, although exports declined to the top two markets, namely the European Union (-3.5 percent) and United States of America (-3 percent).ImportsStrong demand for processed tuna persisted in the North and South American markets. the top 10 exporters of processed canned tuna. These brands make up over 80 percent of canned tuna consumption in the U.S. (though several smaller labels are available commercially). We never share your personal data. Also, due to the wide consumption of packaged food products, it is expected to grow in the upcoming years. North America Canned Tuna Market Size, 2019 (USD Million), To get more information on the regional analysis of this market, Request a Free sample, North America to Exhibit the Highest Growth Owing to the Increase in Consumption of Canned Foods. The top 10 importers of processed canned tuna are the United States of America, Italy, Spain, France, United Kingdom, Germany, Japan, Australia, Netherlands, and Saudi Arabia.9 These ten countries Total imports (extra and intra EU trade) during this period were 629 810 tonnes (+8.8 percent) including 144 470 tonnes of cooked loins (+11.3 percent). The region is experiencing a significant rise in the number of working professionals. These trends are anticipated to witness a decent growth in the regional market over the forecast period. Longlines are used for tuna found at greater depths (e.g. We are GDPR and CCPA compliant! The canned light tuna segment has witnessed significant growth in the overall market globally. Within the strategy analysis, it gives insights from market positioning and marketing channel to potential growth strategies, providing in-depth analysis for brand fresh entrants or exists competitors within the Canned tuna industry. Skipjack tuna fishing in Brazil has traditionally been done using the one-by-one method, with operating bases in Rio de Janeiro, Santa Catarina, and Rio Grande do Sul, which also happen to be the locations of the biggest tuna canneries and export businesses in the nation. The growing incorporation of high-nutrition food in daily diet to improve healthy functioning has led to an increase in the consumption of tuna. What are sales, revenue, and price analysis of top manufacturers of Canned tuna market? June 06, 2022 13:30 ET Recent estimates indicate total global canned tuna consumption was in the order of 1.9 million mt in 2018. Each person in the region on an average consumes 2.78 kilograms of tuna, most of which is canned. The data offered to us was exactly what we were looking for. This specie is easily available in the market with rich and nutritious seafood experience. This has negatively impacted the sales performance of processed food products. U.S. population: Do you eat tuna (can or pouch)? Growing Incorporation of High-nutritious Food in Daily Diet. [23] reported. Tuna are recognized as both migratory and predatory species, found in most of the large oceans worldwide. Global Canned tuna Market Report 2022 provides exclusive statistics, data, information, trends and competitive landscape details during this niche sector. (November 1, 2020). Supermarkets/hypermarkets are expected to grow at a faster rate. To know how our report can help streamline your business, Speak to Analyst, Canned Light Tuna Holds the Largest Market Share, as it has Numerous Health Benefits. Canned tuna can even come in bags for on the go consumption, or pre-seasoned with hot sauce in the can. "The quality of research they have done for us has been excellent.". This report categorizes the market based on manufacturers, regions, type and application., Canned tuna Market growth, by Geography: Major regions covered within the report:Consumption by Region 2022:-, North America,U.S.,Canada,Europe,Germany,France,U.K.,Italy,Russia,Asia-Pacific,China,Japan,SouthKorea,India,Australia,Taiwan,Indonesia,Thailand,Malaysia,Philippines,Vietnam,Latin America,Mexico,Brazil,Argentina,Middle East & Africa,Turkey,Saudi Arabia,U.A.E. Our support available to help you 24 hours a day, five days a week. Sign up today for your free Reader Account! This report focuses on the Canned tuna in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. With the exception of those for albacore, longline catches are mainly sold on the sashimi market to be consumed raw. To gain wide ranging information about the top players in this industry, their product portfolios, and key strategies adopted by the players. Use Ask Statista Research Service. 15 million to 25 million kilograms of skipjack tuna are reportedly captured from this fishery each year, according to Sourcing Transparency Platform. Key canned tuna brands are conducting several researches and looking for new strategic partnerships, while key business brands are focusing on developing the applications in food industry to generate high quality food and beverage solutions. Mineral Premixes Market Overview: Mineral premixes marketis accelerating with a CAGR of 8.6% by 2022-2032. Data from the U.S. Census Bureau U.S. Trade with Puerto Rico and U.S. The supermarkets/hypermarkets are the preferred channel for purchasing essential and non-essential products by the consumer due to the wide availability of a different range of products under a single roof. The segment of canned white tuna holds a comparatively larger share in global market, which accounts for about 64%. The biggest importers of frozen and fresh tuna include China, North America and Western . Get export value, price data, trends, and more. In comparison, retail demand for ready-to-eat and ready-to-cook products (frozen sashimi/sushi platers, frozen tuna fillet/steaks) in Japan, North America and Europe was less affected.JapanThe impact of the coronavirus pandemic has been severe on Japans sashimi tuna trade. The online food purchasing platforms has grown in recent times as it has eased up the availability of processed food products. The online retail sector is also gaining popularity due to consumers due to the wide exposure of consumers to various product purchasing platforms on the internet. The primary methods are purse seine, longline, surface troll, and pole and line. Light meat (in water and oil) accounts for 75 percent to 80 percent of annual domestic canned tuna consumption. COVID-19 / Great lockdown has compress the global economy and with it the manufacturing sector, production, disruption, financial. Whether you are on a . AndThe National Fisheries Institute revealed that the European Union is the only entity that beats out the U.S. in terms of canned tuna fish consumption. Which distribution channel is expected to witness the fastest growth in the global market? November 1, 2020. Industry Focus on New Product Launches for Development of Canned Tuna. According to a survey conducted by the National Fisheries Institute, roughly 88% of American households have dined on canned tuna fish, with nearly half finding themselves digging into a serving every month. Downstream interest examination and upstream crude materials and hardware furthermore regulate. Total imports of frozen tuna in the Philippines during the review period were 123 330 tonnes (+1 percent).Fresh and frozen tuna market (non-canned)Unlike the canned tuna sector, the pandemic wiped out consumer demand for high value non-canned tuna in 2020, particularly in the hotel, restaurant and catering (HORECA) sector. Future Market Insights Global and Consulting Pvt. There has been some improvement in home consumption but not sufficient to make up for losses in foodservice sector.Sashimi tuna imports into Japan declined by 16.6 percent during January-September 2020 in comparison with the same period of 2019. Meanwhile, catering industry prospects for the 2021 Tokyo Olympic remain opaque because of the rising health concerns in Japan. Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. However, the truth is that tuna fish is one of the United States' favorite and most consumed kinds of seafood (perthe National Fisheries Institute). Most canned and pouched tuna comes from skipjack and albacore tuna. Wild Planet Tuna, American Tuna, and Ocean Naturals are some brands that offer sustainable caught tuna in can forms. The COVID-19 crisis wiped-out overall restaurant sales by 60-70 percent in 2020.Home consumption in the United States of America has also been affected by the shrinking disposable personal income (DPI) linked with rising unemployment.US imports of non-canned tuna during the first nine months of 2020 were 37 754 tonnes, a decrease of 25 percent compared to the corresponding period of 2019. The tuna fish is incorporated in many Latin-American dishes due to its mild and flavourful taste. The presence of a large migrant population in the region leads to its authentic food consumption and various restaurants serving the same. For frozen tuna, whole/dressed fish imports were 18 percent lower, while frozen fillet imports declined by 11 percent during this period.During the year-end, normally a high consumption period, catering sales were lacklustre in 2020 as many Japanese avoided dinning out. 1. ", Statista, U.S. population: Do you eat tuna (can or pouch)? Consumers are inclined towards consuming tuna as it is a rich source of protein and its usage convenient. A comprehensive exploration of the market is framed by thinking about a spread of things, from socioeconomics conditions and business cycles during a specific nation to showcase explicit microeconomic effects. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. This puts the United States in second place behind only Thailand in canned tuna consumption. Future Market Insights Inc.Christiana Corporate, 200 Continental Drive,Suite 401, Newark, Delaware - 19713, USAT: +1-845-579-5705Report: https://www.futuremarketinsights.com/reports/canned-tuna-market For Sales Enquiries: sales@futuremarketinsights.comBrowse Other Reports: https://www.futuremarketinsights.com/reports LinkedIn|Twitter|Blogs. "Market Intelligence that Adds Flavour to Your Success", Region : Global | Format: PDF | Report ID: FBI103190. The report was very accurate and as per my requirements. Most purse seine and pole-and-line catches are canned. The industry is predicted to be significantly impacted by changing customer tastes for seafood in various cuisines due to its abundance in vital proteins, vitamins, and minerals. Published by Statista Research Department , May 2, 2023. Some of the key players operating in global canned tuna market include: -, Volume in kilotons, revenue in USD million and CAGR from 2023 to 2030, Volume forecast, revenue forecast, company ranking, competitive landscape, growth factors, and trends, North America; Europe; Asia Pacific; Central & South America; Middle East & Africa, U.S.; Canada; U.K.; Germany; France; China; India; Japan; Brazil; South Africa, Frinsa del Noroeste S.A.; Thai Union Group PCL; Bumble Bee Foods LLC; Century Pacific Food Inc.; Jealsa; Grupo Calvo; Wild Planet Foods Inc.; PT. Japan, Indonesia, and the Philippines are the top countries that produce the most of tuna fishing yield, while Thailand has become one of the major sites of tuna processing plants, contributing almost 25% of canned tuna in the world. | Source: Central and South America is set to witness the fastest CAGR of 6.2% over the forecast period. For the purpose of this study, Grand View Research has segmented the global canned tuna market report on the basis of product, distribution channel, and region: Product Outlook (Volume, Kilotons, Revenue, USD Million, 2017 - 2030), Distribution Channel Outlook (Volume, Kilotons, Revenue, USD Million, 2017 - 2030), Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2017 - 2030). Fresh and frozen tuna market (non-canned), Regional Office for Europe and Central Asia, Regional Office for Latin America and the Caribbean, Regional Office for the Near East and North Africa. Oat Protein Market Forecast: Oat protein marketis expected to reach a market valuation ofUSD 51 Mnby the year 2022, accelerating with a CAGR of4.4%by 2022-2032. The established supply chain and increasing demand for convenience food will aid market growth. However, tuna fishing occurs mainly in the Pacific Ocean, though Atlantic Ocean, Indian Ocean, and Mediterranean Sea also contributes a large amount of canned tuna raw material in terms of yield. The global canned tuna market size was valued at USD 18.76 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2030. The rise in the working women population and busy lifestyle has led to less investment of time for cooking. According to the data provided by the Fish20.org, Skipjack comprises around 58.0% of the total tuna catch and most of them go for canning. The new product was launched by the manufacturer due to the increasing demand of consumers for innovative food variants. TO UNDERSTAND HOW COVID-19 IMPACT IS COVERED IN THIS REPORT - REQUEST SAMPLE, On the thought of the product, this report displays the assembly, revenue, price, Classifications market share and rate of growth of each type, primarily split into, On the thought of the highest users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and rate of growth for each application, including, Get a Sample PDF of report @https://proficientmarketinsights.com/enquiry/request-sample/18724063?utm_source=ng. Key Companies Profiled are StarKist Co., Bumble Bee Foods, LLC, Hagoromo Foods Corporation, American Tuna, Inc., Bolton Alimentari S.p.A., Chicken of the Sea, Hayati Group CO., LTD., Nostromo SpA (Calvo Group), Organico Realfoods LTD, Kiril Mischeff Limited, Others. Various key insights presented in the report are an overview of related markets, recent canned tune industry developments such as mergers & acquisitions, the regulatory scenario in critical countries, and key industry trends. Increasing Consumers Demand for Plant-based Food Products. Rising consumer inclination towards convenience food is a key factor that drives the growth of the market. Business Solutions including all features. This is a very good piece of work and will be very helpful to us going forward. Canned tuna prices were based on market surveys conducted at supermarkets around the world. In the United States of America, the largest market supplies were dominated by Thailand (53 percent).Colombia was the second largest importer of canned tuna in the Americas with over 70 percent of supplies coming from Ecuador. high-volume, low value, low margins). Explore FMIs Extensive Coverage on Food and Beverage Domain: Dairy Testing Services Market Size: Dairy Testing Services marketsize is valued at USD4.04 Bnin 2022 and it is expected to grow at a compound annual growth rate (CAGR) of8.1%from 2022 to 2032. Production volume of true tuna in Indonesia 2010-2019. Canning Company Limited (Thailand), Dongwon Enterprise Co., Ltd. (South Korea), Europe (U.K., France, Italy, Spain, Germany, Russia, and the Rest of Europe), Asia-Pacific (China, India, Japan, Australia, and the Rest of Asia- Pacific), South America (Brazil, Argentina, and the Rest of South America), Middle East & Africa (South Africa, UAE, and the Rest of the MEA), Granular Research on Specified Regions or Segments, Companies Profiled based on User Requirement, Broader Insights Pertaining to a Specific Segment or Region, Breaking Down Competitive Landscape as per Your Requirement, Other Specific Requirement on Customization. The National Fisheries Institute revealed that a lot of canned tuna's popularity may have to do with its versatility. The noncanned tuna market, however, remained suppressed along with restricted catering trade due to the COVID19 crisis.SupplyFishing logistics were disturbed due to the pandemic crisis while tuna canneries worldwide needed more raw material to match increased market demand. So even if it's not considered a pantry must-have on par with sugar and flour, it's apparent that canned tuna fish is still a dish loved by many Americans. Who Are Canned tuna Market Key Manufacturers? The rise in product prices and reduced stocks of various food products in many emerging economies have become a threat to the market. Proficient Market Insights This has in a way has strengthened the supply chain and increased the sales of tuna and other processed food products. Many multinationals are expanding their production units, especially in the major markets in the region such as the U.S, Canada, and Mexico which has led to their collaborations with many local players. Along with this factor, the storage and utility of canned light tuna is easier and convenient as it saves the preparation time before cooking. Air-flown fresh tuna imports dropped significantly (-31 percent). Future Market Insights Global and Consulting Pvt. Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. The canned tuna market report provides qualitative and quantitative insights into the market. As consumers look for more versatile and healthy ingredients to incorporate into their diets, yellowfin canned tuna is likely to gain more popularity. The study offers compelling insights based on tuna species (skipjack, albacore, yellowfin, bluefin, bigeye, and others), flavor (unflavoured and flavoured), product type (canned white tuna and canned light tuna), product format (plain, chunk, solid, shredded, flakes, fillets, and others), usage format (ready to cook and ready to eat), and sales channel (B2B / HoReCa and B2C), across seven major regions of the world. The global market is experiencing an upward growth trend due to the extensive consumption of processed food products and beverages. The demand for sustainably sourced and produced food is increasing, and canned tuna is no exception. For instance, in October 2021, Bumble Bee Foods LLC extended its Bumble Bee Prime line of gourmet canned tuna and salmon products. Thailand is the major canned tuna exporter worldwide. Ltd. https://www.futuremarketinsights.com/reports/sample/rep-gb-14896, https://www.futuremarketinsights.com/customization-available/rep-gb-14896, https://www.futuremarketinsights.com/ask-question/rep-gb-14896, https://www.futuremarketinsights.com/toc/rep-gb-14896, https://www.futuremarketinsights.com/reports/canned-tuna-market, https://www.futuremarketinsights.com/reports, Vegan Protein Bars Market Outlook (2022-2032), The canned tuna market is expected to expand at CAGRs of, Global canned tuna demand is projected to grow year-on-year (Y-o-Y) growth of, The canned tuna market is growing with a notable boost towards the production to reach. Canned foods consist of various meat, fruits, vegetables, and fish that are precooked or are ready to cook for ease of consumption. Complimentary 10 hours free analyst time for market review, 3. Different methods are used for different species. Canned tuna comprised an average of 53% 2% of the canned fish consumption in Fiji, 60% 5% in PNG, and 92 1% in Solomon Islands ( Table 1 ). A steep downfall in the market is being observed due to the global outbreak of the COVID-19 pandemic due to the increasing number of COVID-positive patients in the region especially, in the U.S. Many brands are now offering tuna that has been responsibly caught and produced, which appeals to environmentally conscious consumers. Seafood Market Growth: Seafood marketis accelerating with a CAGR of3.6%by 2022-2032. These items are now available in retails packs (250g vacuum packed) at upscale grocery stores at a retail price of USD 20/kg.Canned tuna tradeHousehold demand for canned tuna was good in large and small markets worldwide generating a brisk international trade climate in 2020.There were increased exports from Thailand, Ecuador, China, and Spain, while the Philippines replaced Indonesia as fifth largest exporter during the first nine months of 2020.Exports from Thailand mostly consisted of ready-to-eat products. The presence of product distinct aisles and various bundling schemes offered by the mass merchandisers enhance the purchasing experience of the consumers. Available: https://www.statista.com/statistics/280051/us-households-consumption-of-tuna-can-or-pouch/. You need at least a Starter Account to use this feature. North America is expected to hold the highest market share in 2019. With rapid digitalization, rising penetration of smartphones, and growing internet access, businesses are gradually shifting from brick & mortar stores to e-commerce. 07/04/2021 Consumption of inexpensive and shelve-stable canned tuna increased worldwide in 2020 and generated brisk international trade. In fact, according to Very Well Fit, a single can of light tuna in water will provide you with 42 grams of protein and a considerable helping of vitamins like B12 and iron. We use cookies to enhance your experience. Consumption of all canned fish combined indicates that it is making a significant contribution to average national fish consumption in all countries. To gain insights of the countries/regions in the Canned tuna Market. Canned tuna market along with skipjack tuna species, flavored canned tuna, canned light tuna, solid format, ready to cook items, B2C sales channel are in heavy demand from food industry carrying a notable market share. This report categorizes the market based on manufacturers, regions, type and application. Canned albacore accounts for almost 20 percent . The second state of emergency was declared in early January 2021 in the capital Tokyo and three surrounding prefectures, restricting restaurant activity and sashimi tuna trade in coming months. Aneka Tuna Indonesia, American Tuna Inc., Ocean Brands.
Revenue Consultant Jobs, Ny Lottery Retailer Wizard Login, Ppsh Those Who Remain, Articles C