The global tuna fish market size was valued at USD 41.94 billion in 2023. The market is projected to grow from USD 42.96 billion in 2024 to USD 54.45 billion by 2032, recording a CAGR of 3.01% during the forecast period of 2024-2032.

Since tuna is one of the most valuable fish for commerce and plays a significant role in the marine ecology, the worldwide market share of tuna fish is expected to grow at a significant rate. The commercial tuna fishing, of which seven varieties—including Skipjack, Yellowfin, Bigeye, Pacific, Atlantic, and Southern Bluefin—is a significant part of the blue economy. In recent years, the fish business has noticed changes in the dietary habits of its clientele. The global search for quick and healthful food has led to a notable increase in the demand for foods high in protein.

Information Source: https://www.fortunebusinessinsights.com/industry-reports/tuna-fish-market-100744

COVID-19 Impact:

COVID-19-related Supply Chain Disruptions to Negatively Influence Market Growth

The global market suffered as a result of the COVID-19 pandemic. Governments everywhere enforced a plethora of safety protocols and limitations, which profoundly impacted the landing of commercial fish. This was attributed to factors such as closed restaurants, restricted labor movement, and social distancing regulations. The Food and Agriculture Organization (FAO) reports that the pandemic significantly reduced restaurant sales, which in turn caused a fall in demand for tuna in cans of about 80–90%.

Segments:

Skipjack Tuna to Gain Traction among Consumers due to its Rich Nutritional Value and Easy Availability

In terms of species, the market is divided into Skipjack, Albacore, Yellowfin, Bigeye, Bluefin, and others.

Skipjack segment is expected to capture the largest market share as it is easily available in the market and has a strong nutritional profile. Skipjack is commercially important as it is one of the most popular fish used in canned tuna products. As per the Asia Pacific – Fish Watch, over 70% of total tuna catches in the Western and Central Pacific and almost half in the Indian Ocean are skipjack tuna. This type has a moderate cholesterol level and is an excellent source of low-fat protein as well as sodium, further aiding the growth of the segment.

Canned Segment Sales to Grow with Rise in Convenience Food Consumption

Based on type, the market is differentiated into fresh, canned, and frozen. Canned segment is expected to emerge as the leading segment and is anticipated to retain its dominant position during the forecast period. This is due to the rising awareness of its health benefits among consumers and convenience of use.

The presence of omega-3 fatty acids in canned tuna can lower a person’s blood pressure and cholesterol. It can also reduce the risk of dementia and inflammatory disorders. The wide availability of different types of canned tuna in the market, from plain and unseasoned products to prepared, grilled, and marinated ones, is also boosting the segment’s growth.

Report Coverage:

Both quantitative and qualitative market insights are provided by the research report. In addition, it provides a thorough examination of the types, uses, market size, and growth rate of each product category within the industry.

Additionally, the research provides a thorough analysis of market dynamics and the competitive environment. An overview of connected markets, research methodology, recent industry activities, including mergers and acquisitions, the regulatory landscape in major countries, and important industry trends are just a few of the many important insights included in the report.

Drivers and Restraints:

Canned Tuna to be Widely Consumed Due to its Affordability and Longer Shelf-life