Canned Tuna Market 2021-2025: Europe with 49% Growth Rate will Lead the Market

The canned tuna market share is set to post an incremental growth of USD 3.63 billion, accelerating at a CAGR of 4.26% during the forecast period. The launch of new products is notably driving the canned tuna market growth. In addition, the growing focus of vendors on offering canned tuna in attractive packaging is one of the major canned tuna market trends that will support market growth. However, adverse effects associated with the overconsumption of canned tuna will hamper the market value.

Technavio investigates the key markets and the factors that are likely to boost growth along with challenges that need to be surpassed to promote success in the market. The report also provides an analysis of key segments and offers competitive benchmarking of the key market players and their product portfolios. Unlock Free Sample Report

Canned Tuna Market: Europe to lead market growth during the forecast period

• The canned tuna market is segmented by Product (Canned skipjack tuna, Canned yellowfin tuna, Canned albacore tuna, and Other canned tuna) and Geography (Europe, North America, APAC, MEA, and South America).
• Based on the product segmentation, the canned tuna market growth in the canned skipjack tuna segment will be significant during the forecast period.
• Europe emerged as the leading geographical segment in recent years and is expected to contribute 49% of the market growth during the forecast period. Spain and Germany are the key markets for canned tuna market in Europe.
• Factors such as increasing health consciousness among consumers and the healthy living trend will be instrumental in driving the canned tuna market value in Europe.
• The canned tuna market report provides an accurate prediction of the contribution of all the geographic segments to the growth of the canned tuna market size.

Canned Tuna Market: Key Competitors

A.E.C. CANNING Co. Ltd., American Tuna Inc., Bumble Bee Foods LLC, Century Pacific Food Inc., Crown Prince Inc., Dongwon Group, Golden Prize Canning Co. Ltd., Oceans, Thai Union Group PCL, and Wild Planet Foods Inc.are some of the major canned tuna market vendors.

The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Download the Free PDF Sample Report

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerating at a CAGR of 4.26%.
    
2. What is the incremental growth of the market?
   The market is expected to grow up to USD 3.63 billion.
    
3. What is a key factor driving this market?
   Launch of new products will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   Europe, North America, APAC, MEA, and South America are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market?
   49% growth will originate from Europe.
    
6. Who are the leading market vendors?
   The leading vendors in this market are A.E.C. CANNING Co. Ltd., American Tuna Inc., Bumble Bee Foods LLC, Century Pacific Food Inc., Crown Prince Inc., Dongwon Group, Golden Prize Canning Co. Ltd., Oceans, Thai Union Group PCL, and Wild Planet Foods Inc.
    
7. What are the market segments covered in this report?
   The market is segmented by Product (Canned skipjack tuna, Canned yellowfin tuna, Canned albacore tuna, and Other canned tuna) and Geography (Europe, North America, APAC, MEA, and South America).