The Latin America, Middle East and Africa Tuna Fish Market would witness market growth of 4.8% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 618.7 Killo Tonnes, showcasing a growth of 6.1% (2023-2030).
A significant change in the market is the diversification of products and preparations. Fresh tuna, especially sushi-grade varieties, have become highly sought after in restaurants and home kitchens. The demand for frozen tuna loin and steaks for various culinary applications has also grown, reflecting the evolving taste preferences of consumers and the increased interest in international cuisines.
Furthermore, value-added tuna products have gained prominence in the market. These products include pre-seasoned tuna, ready-to-eat tuna salads, and even tuna-based spreads and dips. As consumers seek convenient and healthy food options, these innovations cater to their demands for quick, nutritious, and tasty meals.
In LAMEA region, the industry of gastronomy tourism is emerging as a significant steward of cultural heritage, especially in rural regions. The importance of tourism is acknowledged in the Kingdom of Saudi Arabia (KSA) Vision 2030. The nation is lowering its admission requirements and welcoming visitors from abroad. Coastal cities, resort towns, theme parks, as well as indigenous, environmental, and cultural events are all being developed in KSA as new tourist destinations. Hence, with the expansion of this sector, the regional market will grow rapidly in the coming years.
The Brazil market dominated the LAMEA Tuna Fish Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,219.6 Million by 2030. The Argentina market is expected to witness a CAGR of 5.4% during (2023 - 2030). Additionally, The UAE market is expected to witness a CAGR of 4.5% during (2023 - 2030).
Based on Type, the market is segmented into Canned, Fresh, and Frozen. Based on Species, the market is segmented into Skipjack, Albacore, Yellowfin, Bigeye, Bluefin, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Tuna Fish Market is Projected to reach USD 51.1 Billion by 2030, at a CAGR of 3.3%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Bolton Group, Century Pacific Foods Inc., The Jealsa Rianxeira S.AU. Group, ITOCHU Corporation, Thai Union Group PLC, Dongwon Enterprises Co. Ltd., IBL Ltd., F.C.F. Fishery Co., Ltd., SEA DELIGHT, LLC, and High Liner Foods.
By Type (Volume, Killo Tonnes, USD Million, 2019-2030)
By Species (Volume, Killo Tonnes, USD Million, 2019-2030)
By Country (Volume, Killo Tonnes, USD Million, 2019-2030)
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