Market Overview:
The global tunas market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The bluefin group is the dominant segment in the global tunas market and is expected to grow at a CAGR of 5.8% from 2018 to 2030. The yellowfin group is projected to be the fastest-growing segment in the global tunas market, with a CAGR of 6%. Asia Pacific dominates the global tunas market, followed by Europe and North America.
Product Definition:
Tunas are a type of saltwater fish that belong to the mackerel family. They are elongated and streamlined, with a forked tail and two dorsal fins. Tunas are fast swimmers and can reach speeds of up to 50 miles (80 kilometers) per hour. Some species, such as the bluefin tuna, can grow up to 10 feet (3 meters) in length and weigh more than 1,000 pounds (454 kilograms). Tunas are an important source of food for humans and other animals.
The Bluefin Group:
The Bluefin Group is a collection of tuna fishing companies that were formed by the merger of ConAgra and Philip Morris in May 2011. The company was formed to manage their shared resources, including their fleet of frozen food products such as bluefin and yellowfin tunas.
The market for bluefins has been growing rapidly due to increasing demand from Japan, which is the largest consumer market for this species.
The Yellowfin Group:
The yellowfin group is a collection of tunas and includes both the species, Thunnus albacares and Thunnus atlanticus. The yellowfin group is one of the most important commercial groups in the world's pelagic fish industry. They are also known as bigeye or great white tunas in some countries.
Yellowfins grow to be up to 1.8 m long.
Application Insights:
Tunas accounted for the largest share of more than 50.0% in 2017 and is expected to witness significant growth over the forecast period. The increasing importance of tunas as a source of omega 3 fatty acids has resulted in an increased demand from countries such as Japan, China, South Korea, Indonesia and Vietnam. In addition, growing consumption due to its high protein content will drive the segment further during the forecast period.
The Tunas Fillet segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to rising demand for tuna fillets in various applications such as canning/canned food (North America), smoking/curing (Europe) and aquaculture feed (Asia Pacific). However, declining fish populations resulting in low production volume are likely to hamper market growth over the coming years.
Regional Analysis:
North America was the second-largest regional market in 2017. The region is expected to witness steady growth over the forecast period owing to high consumption of tunas and tunas fillet. In addition, increasing popularity of canned tuna as an ingredient in sandwiches, burgers, and other fast foods is likely to have a positive impact on industry growth over the next eight years.
Asia Pacific accounted for more than 50% share of global revenue in 2017 due to large consumer base coupled with rising per capita income levels in developing countries including China and India. Furthermore, growing trend towards seafood consumption as a part of healthy diet will further boost industry expansion over the coming years. Japan has been one of largest consumers across this region since ancient times due to its rich fishing tradition along with availability at low cost compared with Australia or U.S., which makes it one among major suppliers globally (The Bluefin Group).
Growth Factors:
- Increasing demand for healthy and nutritious food products is driving the growth of tunas market.
- Rising disposable income of consumers is propelling the demand for premium quality seafood products, including tunas.
- Growing popularity of sushi and other seafood dishes is fueling the growth of global tunas market.
- Rapid urbanization coupled with changing lifestyle trends is favoring the consumption of processed and packaged tuna products across the globe.
Scope Of The Report
Report Attributes
Report Details
Report Title
Tunas Market Research Report
By Type
The Bluefin Group, The Yellowfin Group
By Application
Tunas, Tunas Fillet
By Companies
China, Egypt, USA, Indonesia, Philippines, Thailand, Brazil, Viet Nam, Colombia, Ecuador, Myanmar, Malaysia, Uganda, Bangladesh, India
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Tunas Market Report Segments:
The global Tunas market is segmented on the basis of:
Types
The Bluefin Group, The Yellowfin Group
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
Tunas, Tunas Fillet
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:
- China
- Egypt
- USA
- Indonesia
- Philippines
- Thailand
- Brazil
- Viet Nam
- Colombia
- Ecuador
- Myanmar
- Malaysia
- Uganda
- Bangladesh
- India
Highlights of The Tunas 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:
- The Bluefin Group
- The Yellowfin Group
- By Application:
- Tunas
- Tunas Fillet
- 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 Tunas 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?
Tunas is a type of fish that can be found in the Atlantic, Pacific and Indian oceans. Tunas are typically small, silver or gray in color and have a thin skin. They are popular among seafood lovers because they are high in protein and low in fat.
Some of the key players operating in the tunas market are China, Egypt, USA, Indonesia, Philippines, Thailand, Brazil, Viet Nam, Colombia, Ecuador, Myanmar, Malaysia, Uganda, Bangladesh, India.
The tunas market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tunas Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Tunas Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tunas Market - Supply Chain
4.5. Global Tunas Market Forecast
4.5.1. Tunas Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tunas Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tunas Market Absolute $ Opportunity
5. Global Tunas Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Tunas Market Size and Volume Forecast by Type
5.3.1. The Bluefin Group
5.3.2. The Yellowfin Group
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tunas Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Tunas Market Size and Volume Forecast by Application
6.3.1. Tunas
6.3.2. Tunas Fillet
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tunas Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Tunas Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Tunas Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Tunas Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Tunas Demand Share Forecast, 2019-2026
9. North America Tunas Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Tunas Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Tunas Market Size and Volume Forecast by Application
9.4.1. Tunas
9.4.2. Tunas Fillet
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tunas Market Size and Volume Forecast by Type
9.7.1. The Bluefin Group
9.7.2. The Yellowfin Group
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Tunas Demand Share Forecast, 2019-2026
10. Latin America Tunas Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Tunas Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Tunas Market Size and Volume Forecast by Application
10.4.1. Tunas
10.4.2. Tunas Fillet
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tunas Market Size and Volume Forecast by Type
10.7.1. The Bluefin Group
10.7.2. The Yellowfin Group
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Tunas Demand Share Forecast, 2019-2026
11. Europe Tunas Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Tunas Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Tunas Market Size and Volume Forecast by Application
11.4.1. Tunas
11.4.2. Tunas Fillet
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tunas Market Size and Volume Forecast by Type
11.7.1. The Bluefin Group
11.7.2. The Yellowfin Group
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Tunas Demand Share, 2019-2026
12. Asia Pacific Tunas Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Tunas Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Tunas Market Size and Volume Forecast by Application
12.4.1. Tunas
12.4.2. Tunas Fillet
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tunas Market Size and Volume Forecast by Type
12.7.1. The Bluefin Group
12.7.2. The Yellowfin Group
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Tunas Demand Share, 2019-2026
13. Middle East & Africa Tunas Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Tunas Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Tunas Market Size and Volume Forecast by Application
13.4.1. Tunas
13.4.2. Tunas Fillet
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tunas Market Size and Volume Forecast by Type
13.7.1. The Bluefin Group
13.7.2. The Yellowfin Group
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Tunas Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tunas Market: Market Share Analysis
14.2. Tunas Distributors and Customers
14.3. Tunas Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. China
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Egypt
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. USA
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Indonesia
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Philippines
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Thailand
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Brazil
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Viet Nam
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Colombia
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ecuador
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Myanmar
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Malaysia
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Uganda
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Bangladesh
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. India
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
