Tuna Fish Market Size Worth $51.76 Billion By 2032 | CAGR: 2.5%

The global tuna fish market size is expected to reach USD 51.76 billion by 2032, according to a new study by Polaris Market Research. The report “Tuna Fish Market Share, Size, Trends, Industry Analysis Report, By Species (Skipjack, Albacore, Yellowfin, Bigeye, Bluefin); By Type; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The tuna fish market is being driven by a combination of factors, including increasing demand for protein-rich food, the growing popularity of sushi and another Asian cuisine, rising awareness of the health benefits of omega-3s, increasing availability of sustainable tuna, and the convenience and affordability of canned tuna. Tuna is a highly sought-after seafood product worldwide, and its demand is increasing in various countries, such as the United States, Japan, and Europe.

The global demand has increased the production and trade of tuna, fueling the growth of the tuna fish market. According to the Marine Stewardship Council, more than 8% of all seafood trade worldwide comprises tuna, making it a global product. This will further fuel the growth of the market in the projected timeframe.

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The growing demand for canned fish is fueling the market’s growth. Tuna is one of the most popular canned fish products, and it is known for its versatility and nutritional value. In the United States, canned tuna is one of the most popular seafood items, with a 14-pound annual consumption average. Around 75-80% of canned tuna consumed annually in the United States is chunky light meat in water, the most popular variety.

Studies show that large homes consume more canned tuna than average-sized households, with one in four Americans eating it at least once a week. Summer is the season when canned tuna is most in demand. Tuna fish is versatile and can be used in various dishes such as salads, sandwiches, casseroles, and pasta dishes. Tuna is also available in different forms, such as canned, pouches, and fresh, giving consumers a diverse range of options. Around 22% of the tuna consumed in the United States is consumed in salads, while 15.5% is consumed in casseroles. This is driving the growth of the market in the coming years.

Tuna Fish Market Report Highlights

• Skipjack segment is anticipated to grow at a higher rate owing to the affordability and growing popularity of the species.
• Canned segment accounted for the higher growth rate owing to the growing demand for healthy and sustainable food options.
• Europe garnered the larger revenue share in the forecast period owing to the high per capita consumption of tuna, import demand, and increasing demand for high-quality seafood.
• The global players include High Liner Foods, Surapon Foods, Thai Union, Waterbase, ITOCHU, Dongwon, IBL, Century Pacific Food, Bolton, Golden Prize Canning, Crown Prince, FCF, American Tuna & Sea Delight.

Polaris Market Research has segmented the tuna fish market report based on species, type, and region:

Tuna Fish, Species Outlook (Revenue - USD Billion, 2019 - 2032)

• Skipjack
• Albacore
• Yellowfin
• Bigeye
• Bluefin

Tuna Fish, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Canned
• Fresh
• Frozen

Tuna Fish, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Tuna Fish Market Report Scope