Theglobal tuna market is anticipated to face a steady growth in coming years dueto various vendors in the market trying to come up with better products.According to a report by Transparency Market Research, the market’s competitivelandscape is currently fragmented because vendors are engaging in stiffcompetition. The vendors are competing on the basis of brand, distribution,price, and quality. The vendors are catering regional market according to theregion’s taste and preferences. Along with their socioeconomic and economicconditions. New experiments and innovations in taste and flavour islikely to boost the market and show significant rise in the global canned tunamarket. Some of the leading companies in the market are Alliance Select FoodsInternational, Inc., Princes Group, American Tuna Inc., Ocean Brands GP, andAneka Tuna Indonesia.
The globalmarket for canned tuna is likely to rise at CAGR of 3.8% during the forecastperiod of 2017 to 2025. The global revenue of the canned tuna market held US$10,496.1 mn in 2017 and is predicted to value US$ 14,125.5 mn by the end offorecast period. According to product, Bluefin tuna is expected to rise as theleading product among all other products in the segment. Geographically, Europeheld the maximum share in the global cannedtuna market during 2017 and is expected to lead the marketduring the forecast period due to high consumption of tuna in this region.
Request Sample
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18581
IncreasedConsumption of Ready to Eat Food Likely to Fuel Market
The demandfor ready to eat and easy to cook foods will likely add value to the rise oftuna in the market. Many regions have high demand for super frozen tuna leadingto rise in growth of the market. Developed regions are ready to pay high andexperiment with different variety of tuna dishes due to large amount ofdisposable income thus, leading to rise in growth of the same. Rise in demandfor tuna from emerging economies such as Middle East and ASEAN due to increasein exports in this region is likely to increase the revenue growth of cannedtuna market in this region. The increase in shipment in these regions have alsoboosted the market. Easy availability of canned tuna food in the marketincreases its consumption among people. These canned tuna food are alsoaffordable hence, increasing the revenue growth in the global market. Tuna alsoprovide health benefits like boosting immune system. They are naturalantioxidants and provide omega3 which is very healthy for the body. Increasedemand for exotic food in restaurants and hotels has also brought significant risein the canned tuna market.
More Trending Reports
Banon Fishing Leads to Curtailed Tuna Supply
Theconsumers being aware about the death of dolphins due to tuna fishing willlikely hamper the growth of canned tuna market. Consumers have sensitivityagainst death of dolphins and adverse effects of buying tuna. This is expectedto hamper the growth of canned tuna market globally. The fight of canned tunamarket with environmental organizations had severely damaged the growth of themarket. Additionally, consumers are aware of the harmful effects of excessfishing. This is leading in extinction and destruction of fish speciestherefore, they restrain from buying tuna fish.
Request Covid19 analysis on thismarket
https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=18581
AboutUs
TransparencyMarket Research is a next-generation market intelligence provider, offeringfact-based solutions to business leaders, consultants, and strategyprofessionals.
Buy Now
https://www.transparencymarketresearch.com/checkout.php?rep_id=18581<ype=S
Ourreports are single-point solutions for businesses to grow, evolve, and mature.Our real-time data collection methods along with ability to track more than onemillion high growth niche products are aligned with your aims. The detailed andproprietary statistical models used by our analysts offer insights for makingright decision in the shortest span of time. For organizations that requirespecific but comprehensive information we offer customized solutions throughadhoc reports. These requests are delivered with the perfect combination ofright sense of fact-oriented problem solving methodologies and leveragingexisting data repositories.
TMRbelieves that unison of solutions for clients-specific problems with rightmethodology of research is the key to help enterprises reach right decision.
Contact Us
TransparencyMarket Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
