Market Overview:

The Canned Tuna Market  size is estimated to reach $11 Billion by 2030, growing at a CAGR of 5.9% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Canned Tuna Market - By Product Type (Skipjack Tuna, Yellowfin Tuna, Albacore Tuna, Bluefin Tuna, Others), By Packaging Material (Metal, Plastic, Glass, Others), By Category (Sterilized, Pasteurized), By Distribution Channel (Offline, Online) and By Geography - Opportunity Analysis & Industry Forecast, 2024-2030.

The Canned Meat Market is expected to grow significantly during the forecast period, driven by several factors. Increasing demand for convenience, growing demand for protein, long shelf life, and health benefits are key drivers, as consumers seek quick, nutritious meal options with extended freshness. Affordable pricing makes canned meats accessible to a broad audience, while the expansion of retail and online distribution channels enhances market accessibility. Product innovation, including premium and specialty offerings, caters to evolving consumer preferences, while concerns over food security and emergency preparedness further boost demand for non-perishable options. Additionally, sustainability trends are influencing consumer choices, with a growing preference for sustainably sourced and packaged canned meats. These factors combined are fueling the market's growth and positioning it for continued expansion

Europe Dominates the Global Canned Tuna Market

Europe holds a dominant position in the global canned tuna market, driven by high demand and robust production capabilities across key countries. Spain, in particular, emerges as a leader, producing nearly 70% of Europe’s canned tuna output. According to Eurofish Magazine, canned tuna makes up two-thirds of Spain’s canned fish production, cementing its critical role in the market. Tuna is the most consumed fish product within the European Union, with per capita consumption averaging 2.78 kg annually, predominantly in the form of canned tuna. This reflects the region's strong preference for ready-to-eat, long-shelf-life seafood products. As a cornerstone of the European canning industry, canned tuna supports significant employment, generating approximately 20,000 direct jobs and an additional 60,000 jobs in supporting sectors, such as logistics and packaging. The dominance of Europe is also bolstered by stringent quality standards and the region's emphasis on sustainable fishing practices, which align with consumer preferences for eco-friendly and ethically sourced products. Additionally, major players like Grupo Albacora and Conservas Ortiz, headquartered in Spain, continue to innovate in product offerings, further solidifying Europe’s leadership in the market.

Canned Tuna Market: Key Takeaways

Growing Preference for Healthy Food 

The growing preference for healthy food is a major driver of the canned tuna market, as consumers increasingly prioritize high-protein, low-fat, and nutrient-rich options in their diets. Canned tuna, known for its omega-3 fatty acids, lean protein, and essential vitamins like B12 and D, aligns with these health-conscious preferences. This trend is further fueled by the popularity of diets such as Mediterranean, Paleo and Ket, which emphasize the consumption of natural, minimally processed and protein-dense foods. Additionally, the convenience of canned tuna as a ready-to-eat, shelf-stable product makes it appealing to busy consumers seeking nutritious meal options. Leading companies like Bumble Bee Foods, Chicken of the Sea, and Thai Union Group have responded by marketing canned tuna as a healthy, sustainable and versatile food choice, reinforcing its role as a staple in health-focused diets worldwide
 
Technological Advancements

Technology has become a significant driver in the growth of the Canned Tuna Market. Advances in packaging technologies have improved the quality and shelf life of canned products, making them more appealing to health-conscious consumers. Innovations like vacuum sealing, advanced canning processes, and enhanced preservatives ensure that the nutritional value, taste, and texture of canned foods are better preserved over time. This technology also allows for better nutrient retention, which has led to a rise in demand for healthier canned options.Moreover, the automation of production processes in food manufacturing has streamlined the packaging and distribution of canned foods, reducing production costs and improving efficiency. With the help of cutting-edge technologies, companies are able to cater to a broader market, offering a wider variety of canned products to ready-to-eat meals. This enables companies to meet consumer demands for convenience and quality, which are essential drivers in the market's expansion.

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Scope of the Report: 

        Report Metric

                            Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

5.9%

Market Size in 2030

$11 Billion

Segments Covered

By Product Type, By Packaging Material, By Category, and By Distribution Channel


Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Netherlands, Belgium, Denmark and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand, Indonesia, Thailand, Malaysia and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa)



Key Market Players

  1. Thai Union Group

  2. American Seafoods Group LLC

  3. Grupo Calvo

  4. Bumble Bee Foods

  5. Century Pacific Food

  6. Conservas Ortiz

  7. Grupo Albacora

  8. Wild Planet Foods

  9. Golden Prize Canning

  10. Dongwon Industries


Recent Developments:
  • In July 2024, Island Creek opened a cannery in New Bedford where the company is canning their own seafood product line. 
  • In December 2023, Tonnino, known for its yellowfin tuna packaged in cans and jars, launched six new products in December 2023 with a focus on convenience, flavor and snacking at select retailers, including Whole Foods, Walmart, Fairway and Amazon.
  • In February 2023, Thai Union announced its acquisition of Mareblu brand in Europe, which expanded its reach in canned seafood and enhanced its product offering. 

Canned Tuna Market: Competitive Landscape

Thai Union Group, American Seafoods Group LLC, Grupo Calvo, Bumble Bee Foods, Century Pacific Food, Conservas Ortiz, Grupo Albacora, Wild Planet Foods, Golden Prize Canning, Dongwon Industries.

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