canned tuna consumption by country

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. 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. Last year, canned seafood sales, of which tuna is far and away the leading variety, fell to their lowest level. * The figures presented reflect the respective population in the United States. Accessed June 30, 2023. https://www.statista.com/statistics/280051/us-households-consumption-of-tuna-can-or-pouch/, Statista. Light meat (in water and oil) accounts for 75 percent to 80 percent of annual domestic canned tuna consumption. North America is expected to hold the highest market share in 2019. Cancellations and postponement of ceremonies, business dinners, and social gatherings affected sales volume in the wholesale and catering trade. On the other hand there were disruptions in the supply chain which impacted the availability and cost of raw materials used to produce canned tuna. 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). Various governments have imposed new rules and regulations for the purchase of food products and beverages. 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. This led to an increase in demand for canned tuna products, as consumers looked for affordable and long-lasting sources of protein. What is the major market driver for canned tuna? Global Canned Tuna Market Forecast Scenario Comparison of Annual Growth Rates for Short Term (2022-2025) and Long Term (2026-2032), Get Full TOC with Figures @ https://www.futuremarketinsights.com/toc/rep-gb-14896. According to the latest report, titled "Tuna Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the global tuna market size reached a value of US$ 39.3. 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. Tuna contains healthy fatty acids which are crucial for growth and development and often being recommended to pregnant and breastfeeding women to fulfill the nutritional requirements. The established supply chain and increasing demand for convenience food will aid market growth. Future Market Insights Global and Consulting Pvt. Seafood Market Growth: Seafood marketis accelerating with a CAGR of3.6%by 2022-2032. For end values, data collection methods depended on the end product (i.e., canned tuna, fish meal/pet food, whole round form for domestic markets, fresh sashimi, and frozen sashimi). High product demand, soaring production, and widespread usage in food industry are the factors driving growth of the market and to be the influencing factors among consumers, which is driving sales of canned tuna across global markets. Gift Long a staple of the American diet, canned tuna has fallen on hard times. 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. 1. These trends are anticipated to witness a decent growth in the regional market over the forecast period. Production volume of true tuna in Indonesia 2010-2019. This is owing to the consumers increasing adoption of simple, ready-to-eat, and convenient seafood choices that offer nutrition in an affordable price range. The demand for sustainably sourced and produced food is increasing, and canned tuna is no exception. 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. This has further fuelled the market growth. The marketers are focusing on developing the modern trade and retailing sectors for providing a convenient and affordable shopping experience to the consumers. Downstream interest examination and upstream crude materials and hardware furthermore regulate. Learn more about how Statista can support your business. Statista, https://www.statista.com/statistics/280051/us-households-consumption-of-tuna-can-or-pouch/ (last visited June 30, 2023), U.S. population: Do you eat tuna (can or pouch)? For instance, in March 2023, Thai Union Group PLC announced its commitment of sourcing produce from those vessels only that implement practices to protect ocean wildlife from bycatch. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Choose reports from a database of more than 10,000 reports. Followed by North America, Europe is expected to hold the second-largest canned tuna market share in the market. 6 grams. The tuna fish is incorporated in many Latin-American dishes due to its mild and flavourful taste. What is the key factor driving the market? This has led to their reliance on various ready-to-eat/cook food products as it saves time and also fulfills all the nutritional requirements. Different methods are used for different species. Other countries where canned tuna is popular include Italy, Spain, and France. "U.S. Population: Do You Eat Tuna (Can or Pouch)?. In the group the most affected were fresh tuna imports, which fell by 31 percent to 12 365 tonnes. An Infographic Representation of Canned Tuna Market, To get information on various segments, share your queries with us. 8 grams. In fact, canned tuna is the second most consumed seafood product in America, topped only by shrimp. Consumers are highly dependent on ready-to-cook and ready-to-eat food products due to the convenience of cooking offered by them. 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. 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. The European Union is the largest consumer of canned tuna in the world, with approximately 51 %. The European Union Demand for frozen raw materials also increased from the large production bases in Asia and Europe to meet growing demand. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Which region is expected to hold the highest market share in the market? Industry Focus on New Product Launches for Development of Canned Tuna. Free upgrade to enterprise license (allows to share across all company locations), 5. U.S. population: Do you eat tuna (can or pouch)? 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 consumers are now widely using canned tuna for food preparation due to its convenience of cooking and longer shelf stability. November 1, 2020. Contrarily, some countries including Spain continue growing their canned tuna consumption despite their economic development progression. On the other hand, the canned white tuna market is expected to witness significant growth in the foreseeable years, owing to its easy availability and low-calorie content. The availability of various plant-based fish meat alternatives and their high compliance with the taste and flavor has also nudged the consumers for opting for them. Food Flavors Market Share : Food flavors marketis expected to increase at a CAGR of about6.2%, surpassingUSD 10.2 Bnin 2022. Canned tuna consumption by country varies greatly. The yellowfin segment is anticipated to witness CAGR of 4.5% from 2023 to 2030. To gain wide ranging information about the top players in this industry, their product portfolios, and key strategies adopted by the players. Supplies declined from the top exporters: Viet Nam (-13 percent), the Republic of Korea (-10 percent), and Ecuador(-29 percent), however there were higher imports from Mexico (+42 percent to 2 590 tonnes), the Maldives (+60 percent to 975 tonnes) and Sri Lanka (+107 percent to 340 tonnes) during this period.Consumer demand for tuna fillet weakened in Canada, Switzerland, the Russian Federation, and Australia due to the falling restaurant trade.In southeast Asia demand for frozen seafood generally increased in large cities during the COVID-19 crisis boosting sales of frozen tuna fillet/steaks, particularly the Carbon monoxide (CO) treated products. The canned light tuna accounts to hold the largest market share in the market, owing to the numerous health benefits associated with it. The global tuna market reached a value of 10.5 billion U.S. dollars in 2017, and was forecast to reach to about 14.13 . What are sales, revenue, and price analysis by types and applicationsof Canned tuna market? Get export value, price data, trends, and more. The global Canned Tuna market is segmented by region (country), company, by Type, and by Application. For instance, in October 2021, Bumble Bee Foods LLC extended its Bumble Bee Prime line of gourmet canned tuna and salmon products. As more people lead busy lifestyles and look for quick and easy meal solutions, canned tuna is likely to remain a popular choice. Over the past few years, the consumption of seafood has increasing significantly across the globe owing to its rich taste, nutritional properties, and less carbon footprints as compared to other meat and beef products. The report can help to know the market and strategize for business expansion accordingly. To use individual functions (e.g., mark statistics as favourites, set There are five primary kinds of tuna used in the commercial tuna canning industry including skipjack, albacore, bigeye, yellowfin, and bluefin. 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. Complimentary 10 hours free analyst time for market review, 3. 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In the Pacific imports increased moderately in Australia, New Zealand and other smaller island nations where consumer preference for canned black meat of tuna remains good.PricesCompared with 2019, raw material prices increased overall in 2020. | Source: We value your investment and offer free customization with every report to fulfil your exact research needs. Though smaller labeled brands are commercially available in the US, but key players contribute to almost 80% of canned tuna in the country.

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