Nutritious Canned Tuna is fastest growing segment fueling the growth of Canned Tuna Market

The global Canned Tuna Market is estimated to be valued at US$ 19.54 Bn in 2023 and is expected to exhibit a CAGR of 4.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview: Canned tuna refers to tuna which has been processed, sealed in an airtight container such as a sealed tin or a glass jar, and subjected to heat. Canned tuna offers advantages such as long shelf life and convenience of use. It is widely used in ready-to-eat meals, salads, and sandwiches owing to its nutritional value and taste.

Market key trends: One of the major trends in the canned tuna market is the growing demand for nutritious canned tuna. Consumers are increasingly preferring canned tuna variants enriched with vitamins and proteins owing to rising health consciousness. This has prompted market players to launch canned tuna products fortified with nutrients like vitamins A, D, E etc. to cater to the demand. For instance, Chicken of the Sea introduced canned tuna fortified with Omega-3 fatty acids to provide additional health benefits.
Segment Analysis
The global canned tuna market is segmented by type into skipjack tuna, yellowfin tuna, albacore tuna, and bigeye tuna. Among these, skipjack tuna dominates the market and accounts for around 60% of the global canned tuna market share. Skipjack tuna is preferred among consumers as well as producers due to its abundance in supply and mild flavor.

Key Takeaways
The global Canned Tuna Market Share is expected to witness high growth, exhibiting CAGR of 4.5% over the forecast period, due to increasing health consciousness among consumers and growing demand for protein-rich food products.

Regional analysis
North America dominates the global canned tuna market and accounts for over 30% of the global revenue share. Rising demand for convenience food products in the US and Canada is a major factor driving market growth in the region. Europe is the second largest canned tuna market owing to high consumption in countries such as Spain, France, and Italy.

Key players
Key players operating in the canned tuna market are Frinsa, Thai Union Group PCL, Century Pacific Food Inc., Bumble Bee Foods, LLC, Jealsa, Grupo Calvo, PT. Aneka Tuna Indonesia, American Tuna, The Jim Pattison Group, Bolton Group, Dongwon Group. Frinsa is one of the largest producer of canned tuna and holds around 15% of the global market share.

Read More,

https://www.insightprobing.com/canned-tuna-market-trends-size-and-share-analysis/