Market Overview:
The global tuna extract market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for healthy and nutritious food products, increasing awareness about the health benefits of tuna extract, and growing demand for pet food products. In terms of type, the liquid segment is expected to dominate the global tuna extract market during the forecast period owing to its high demand in human food applications.
Product Definition:
Tuna extract is a type of fish oil that is extracted from the tissues of tuna. It is a source of omega-3 fatty acids, which are beneficial for health. Tuna extract can be used to improve heart health, reduce inflammation, and promote brain health.
Liquid:
Liquid is the natural state of matter, which has a distinct property to flow in an uninterrupted stream. It also represents the purest form of a liquid as compared to gaseous or solid forms. The common types of liquids are water, oil & gas, and milk & cream among others. Owing to its unique properties and widespread applications across various industries; it has been classified as one of the most important fluids in modern science and technology (including biotechnology).
Powder:
Powder is a dry and free-flowing solid that is made from vegetable or animal starch, such as corn, wheat, rice bran. It can also be produced from processed sugar. The powder has high water content and low fat content which makes it ideal for use in tuna extract products like baby food or nutritional drinks.
Application Insights:
The human food segment held the largest share of more than 70.0% in 2017. The demand for tuna extract is growing significantly owing to its health benefits, which include reducing the risk of heart diseases, hypertension and diabetes among other things. Furthermore, increasing awareness regarding these benefits has resulted in an increased number of product applications in functional foods and beverages across the globe.
Tuna extracts are also used as additives for manufacturing pet food on account of their high protein content.
Regional Analysis:
North America was the largest market for global tuna extract, accounting for more than 35% of the total revenue in 2017. The region is expected to maintain its dominance over the forecast period as well. This growth can be attributed to increasing consumption of canned and frozen fish as a protein source in human food products such as soups, stews, casseroles and salads along with pet food products such as catfish filets and dog foods.
Europe accounted for more than 25% of the global market share in terms of volume owing to high demand from countries including Russia, Spain and Italy among others where people traditionally consume large amounts of seafood including tunas species like bluefin tuna. In addition, rising awareness regarding health benefits associated with these extracts is projected to fuel industry growth over next eight years.
Growth Factors:
- Increasing demand for healthy and nutritious food products is driving the growth of tuna extract market.
- Rising awareness about the health benefits of tuna extract is propelling the demand for this product.
- Growing popularity of functional foods is fueling the growth of tuna extract market.
- Increasing disposable income of consumers is boosting the sales of tuna extract products.
- Rapid urbanization and changing lifestyle trends are providing a positive impetus to the growth of tuna extract market
Scope Of The Report
Report Attributes
Report Details
Report Title
Tuna Extract Market Research Report
By Type
Liquid, Powder
By Application
Human Food, Pet Food
By Companies
Nikken Foods, AABaits, CC MOORE, Blakes Baits, ESELNARA, MOZA Organic, Sajo Group, TC Union Agrotech, Northern Baits, Nikken Foods
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Tuna Extract Market Report Segments:
The global Tuna Extract market is segmented on the basis of:
Types
Liquid, Powder
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Human Food, Pet Food
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nikken Foods
- AABaits
- CC MOORE
- Blakes Baits
- ESELNARA
- MOZA Organic
- Sajo Group
- TC Union Agrotech
- Northern Baits
- Nikken Foods
Highlights of The Tuna Extract Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Liquid
- Powder
- By Application:
- Human Food
- Pet Food
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Tuna Extract Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Tuna extract is a by-product of the tuna fishing industry. It is made from the oil and water that come out of raw tuna when it's processed.
Some of the major companies in the tuna extract market are Nikken Foods, AABaits, CC MOORE, Blakes Baits, ESELNARA, MOZA Organic, Sajo Group, TC Union Agrotech, Northern Baits, Nikken Foods.
The tuna extract market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tuna Extract Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Tuna Extract Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tuna Extract Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Tuna Extract Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Tuna Extract Market Size & Forecast, 2018-2028
4.5.1 Tuna Extract Market Size and Y-o-Y Growth
4.5.2 Tuna Extract Market Absolute $ Opportunity
Chapter 5 Global Tuna Extract Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Tuna Extract Market Size Forecast by Type
5.2.1 Liquid
5.2.2 Powder
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Tuna Extract Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Tuna Extract Market Size Forecast by Applications
6.2.1 Human Food
6.2.2 Pet Food
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tuna Extract Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Tuna Extract Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Tuna Extract Analysis and Forecast
9.1 Introduction
9.2 North America Tuna Extract Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Tuna Extract Market Size Forecast by Type
9.6.1 Liquid
9.6.2 Powder
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Tuna Extract Market Size Forecast by Applications
9.10.1 Human Food
9.10.2 Pet Food
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Tuna Extract Analysis and Forecast
10.1 Introduction
10.2 Europe Tuna Extract Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Tuna Extract Market Size Forecast by Type
10.6.1 Liquid
10.6.2 Powder
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Tuna Extract Market Size Forecast by Applications
10.10.1 Human Food
10.10.2 Pet Food
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Tuna Extract Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Tuna Extract Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Tuna Extract Market Size Forecast by Type
11.6.1 Liquid
11.6.2 Powder
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Tuna Extract Market Size Forecast by Applications
11.10.1 Human Food
11.10.2 Pet Food
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Tuna Extract Analysis and Forecast
12.1 Introduction
12.2 Latin America Tuna Extract Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Tuna Extract Market Size Forecast by Type
12.6.1 Liquid
12.6.2 Powder
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Tuna Extract Market Size Forecast by Applications
12.10.1 Human Food
12.10.2 Pet Food
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Tuna Extract Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Tuna Extract Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Tuna Extract Market Size Forecast by Type
13.6.1 Liquid
13.6.2 Powder
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Tuna Extract Market Size Forecast by Applications
13.10.1 Human Food
13.10.2 Pet Food
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Tuna Extract Market: Competitive Dashboard
14.2 Global Tuna Extract Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nikken Foods
14.3.2 AABaits
14.3.3 CC MOORE
14.3.4 Blakes Baits
14.3.5 ESELNARA
14.3.6 MOZA Organic
14.3.7 Sajo Group
14.3.8 TC Union Agrotech
14.3.9 Northern Baits
14.3.10 Nikken Foods
