Published Date: 5-Nov-2020
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According to a new report Global Canned Tuna Market, published by KBV research, The Global Canned Tuna Market size is expected to reach $11.7 billion by 2026, rising at a market growth of 8.7% CAGR during the forecast period.
The largest share of the market is held by Skipjack canned tuna in 2019. This species can be easily found in the market with rich and nutritious experience of seafood. Yellowfin is foreseen to enroll the highest CAGR from 2020 to 2026 as far as market revenue is concerned. These types of tuna are increasing gaining prominence among buyers due to its rich taste and astounding texture. The increasing demand for this canned fish variant is anticipated to fuel the development of this segment over the forecast period.
Hypermarket and supermarket were the biggest distribution channel segment in 2019 and is foreseen to keep up the lead over the forecast period. The online segment is foreseen to be the fastest-developing distribution channel from 2020 to 2026. With fast digitalization, growing infiltration of cell phones, and increasing access to the internet, organizations are progressively moving from physical stores to online business.
In 2019, the largest regional market for the canned tuna is Europe due to the expanding acceptance of easy, ready-to-eat, and convenient seafood choices among purchasers. The Middle East and Africa are foreseen to enroll the prominent CAGR from 2020 to 2026 regarding revenue. New undiscovered business sectors in Middle Eastern and African nations, including Saudi Arabia and Egypt, are growing as significant commercial centers with enormous opportunities for growth.
Structural Insights: https://www.kbvresearch.com/canned-tuna-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Frinsa del, Noroeste SA, Thai Union Group PCL, Centuary Pacific Food, Inc., Jealsa Rianxeira SA, Wild Planet Foods, Inc., American Tuna, Inc., Ocean Brands GP (The Jim Pattison Group), Golden Prize Canning Co. Ltd., Albacora S.A., and F.C.F. Fishery Co., Ltd (Bumble Bee Foods, LLC).
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