canned tuna consumption by country

Light meat (in water and oil) accounts for 75 percent to 80 percent of annual domestic canned tuna consumption. The SEALECT spicy tuna flakes come in five flavors, combining key Thai spices such as galangal, turmeric, birds eye chili, pepper, and lemongrass. The rise in product prices and reduced stocks of various food products in many emerging economies have become a threat to the market. Demand for frozen raw materials also increased from the large production bases in Asia and Europe to meet growing demand. 6. Isoflavones Market Trend : Isoflavones marketis valued atUSD 1.4 Bnin 2022 and is projected to grow at a CAGR of5.5%during the forecast period, to reach a value ofUSD 2.3 Bnby 2032. In January 2020, the Thai Union has partnered with a local producer of mixed chili paste to launch five new flavors of spicy tuna flakes for the Thai market. Pune, May 25, 2022 (GLOBE NEWSWIRE) -- Canned tuna Market Report provide in-depth study of the current state of the Industry. For instance, as per a press release by Target Brands, Inc., the company has planned to open over 25 new stores across the U.S. by the end of 2020 and add seven more stores by the end of 2021. The global market is experiencing an upward growth trend due to the extensive consumption of processed food products and beverages. The canned tuna market report provides qualitative and quantitative insights into the market. No purchase commitment. Also, this fish is one of the top five mostly consumed seafood across the global. Demand for frozen raw materials also increased from the large production bases in Asia and Europe to meet growing demand. The United States is the world's main consumer of canned tuna after Europe. Explore More Valuable Insights Future Market Insights, in its new report, offers an impartial analysis of the global Canned Tuna market, presenting historical data (2017-2021) and estimation. Revenue forecast, company share, competitive landscape, growth factors and trends. Fortune Business Insights says that the value of the market was at USD 7.74 billion in 2019 and is projected to reach USD 9.22 billion by 2027. Avail customized purchase options to meet your exact research needs. What is the key factor driving the market? Your transaction & personal information is safe and secure. Increasing Consumers Demand for Plant-based Food Products. Indonesia: production volume tuna | Statista Imports from the extra-EU sources were 429 100 tonnes (+4.3 percent).In other European countries, imports increased in Switzerland, the Russian Federation, and Ukraine, but declined in Norway during the review period.Good demand and strong imports for canned tuna in the Middle East and North Africa (MENA) region persisted during the first nine months of 2020. Some fishing fleets were unable to operate due to lockdowns, which led to a shortage of raw materials for processors. This report focuses on the Canned tuna in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This statistic shows the canned tuna market value worldwide from 2017 to 2025. Future Market Insights Inc.Christiana Corporate, 200 Continental Drive,Suite 401, Newark, Delaware - 19713, USAT: +1-845-579-5705Report: https://www.futuremarketinsights.com/reports/canned-tuna-market For Sales Enquiries: sales@futuremarketinsights.comBrowse Other Reports: https://www.futuremarketinsights.com/reports LinkedIn|Twitter|Blogs. Total imports of frozen tuna in the Philippines during the review period were 123 330 tonnes (+1 percent).Fresh and frozen tuna market (non-canned)Unlike the canned tuna sector, the pandemic wiped out consumer demand for high value non-canned tuna in 2020, particularly in the hotel, restaurant and catering (HORECA) sector. Chunk, light meat in water. Demand for frozen raw materials also increased from the large production bases in Asia and Europe to meet growing demand. Online retail offers a diverse range of products from numerous brands and at a discounted price range along with the ease of doorstep delivery options. Canned foods consist of various meat, fruits, vegetables, and fish that are precooked or are ready to cook for ease of consumption. The presence of product distinct aisles and various bundling schemes offered by the mass merchandisers enhance the purchasing experience of the consumers. Value of Danish fish landings in 2021, by species, Import value of frozen shrimps and prawns into Denmark 2009-2020, Average household expenditure on fresh or chilled fish in Denmark 2010-2021, Volume of Danish fish landings in 2021, by species, To download this statistic in XLS format you need a Statista Account, To download this statistic in PNG format you need a Statista Account, To download this statistic in PDF format you need a Statista Account. 1. Get quick analyses with our professional research service. The trend was similar in other medium and small sized markets namely Yemen, Syria, Jordan, Kuwait, and Qatar.In East Asia there were increased imports in Japan, Singapore, Malaysia, and Taiwan (Province of China). According to the statistics provided by the GLOBEFISH, a product, trading, and marketing branch of FAO Fisheries and Aquaculture Department, Thailand, Ecuador, China, Indonesia, and Philippines were the largest exporter of canned and processed tuna. This way it helps increase production and introduce improved quality products in the market. Canned Tuna Canned tuna remains a popular, relatively low-cost source of shelf-stable protein that is traded as a global 'commodity' product (i.e. In 2018, the total consumption of canned tuna in the U.S. amounted to. Most canned and pouched tuna comes from skipjack and albacore tuna. Then you can access your favorite statistics via the star in the header. Fillet supplies declined from the top suppliers: Indonesia (20 percent to 11 295 tonnes), Viet Nam (-12 percent to 7 365 tonnes), and the Philippines (-27 percent to 1 850 tonnes). In 2013, according to the FAO Commodities Production and Trade database, the global apparent consumption of canned tuna was 1,821,108 mt. These trends are anticipated to witness a decent growth in the regional market over the forecast period. Exports also increased to the other regional markets namely Argentina, Chile, Uruguay, Panama, and Costa Rica but declined to the United States of America.Increased supplies of canned tuna to Japan and the Middle East markets boosted exports from the Philippines by 25 percent during the review period, although exports declined to the top two markets, namely the European Union (-3.5 percent) and United States of America (-3 percent).ImportsStrong demand for processed tuna persisted in the North and South American markets. The average import price of frozen skipjack in Bangkok, the price setting market, was 15 percent higher at USD 1 355 per tonne in 2020 compared with USD 1 160 per tonne in 2019.OutlookDuring the first quarter of 2021, tuna raw material prices are likely to stay firm as catches in the major fishing regions continue at low to moderate rates, while demand may improve from tuna canners.In the Western and Central Pacific (WCP) region, catches remained low during October-November and started to improve from December 2020. The top players are focusing on new formulations and product innovations to gain market share and attract more customers towards the product. To get a comprehensive overview of the Canned tuna Market. We never share your personal data. Rising E-Commerce Channels to Boost Supply Chain. Is Canned Tuna Healthy? Nutrition, Benefits, and Downsides 07-04-2021 Consumption of inexpensive and shelve-stable canned tuna increased worldwide in 2020 and generated brisk international trade. Following the EU and US, Latin American countries have the highest annual consumption of canned tuna ( FFA, 2011 ). The tuna fish is incorporated in many Latin-American dishes due to its mild and flavourful taste. Proficient Market Insights Fresh and frozen tuna market (non-canned), Regional Office for Europe and Central Asia, Regional Office for Latin America and the Caribbean, Regional Office for the Near East and North Africa. Most tuna species are caught in the Pacific Ocean, however, majority of processing plants have shifted in Southeast Asia recently, especially Thailand or Eastern Pacific region. Free business intelligence platform with subscription, 4. Food Flavors Market Share : Food flavors marketis expected to increase at a CAGR of about6.2%, surpassingUSD 10.2 Bnin 2022. "The quality of research they have done for us has been excellent.". | Source: large individuals of bluefin, bigeye, yellowfin, albacore and billfishes). https://www.fortunebusinessinsights.com/canned-tuna-market-103190, A.E.C. Last year, canned seafood sales, of which tuna is far and away the leading variety, fell to their lowest level. Currently, you are using a shared account. In recent years, the tuna industry is witnessing a paradigm shift owing to increasing production and price competition, changing technology, and shifting consumer demand. Global Canned Tuna Market Forecast Scenario Comparison of Annual Growth Rates for Short Term (2022-2025) and Long Term (2026-2032), Get Full TOC with Figures @ https://www.futuremarketinsights.com/toc/rep-gb-14896. In 2020, the production volume of preserved tuna in round tin cans in Japan amounted to around 21.6 thousand. Please create an employee account to be able to mark statistics as favorites. Imports in Canada were also 8.5 percent higher at 27 255 tonnes, largely supplied by Thailand (83 percent). The younger cohort prefers their foods to be incorporated with exotic fishes as it improves the taste and texture of the food, and at the same time being highly nutritious. FIRMS - Fishery Fact Sheet - World Global Tuna Fisheries Followed by North America, Europe is expected to hold the second-largest canned tuna market share in the market. [Graph], Statista, November 1, 2020. The global tuna market reached a value of 10.5 billion U.S. dollars in 2017, and was forecast to reach to about 14.13 . Sign up today for your free Reader Account! With lockdowns and stay-at-home orders in place, many people stocked up on non-perishable food items, including canned tuna. The global canned tuna market size was valued at USD 18.76 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2030. According to the latest report, titled "Tuna Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the global tuna market size reached a value of US$ 39.3. AndThe National Fisheries Institute revealed that the European Union is the only entity that beats out the U.S. in terms of canned tuna fish consumption. Industry Focus on New Product Launches for Development of Canned Tuna. The market growth is fuelled mainly due to the increasing consumption of various packaged food products and beverages. Additionally, it can be used in a wide variety of dishes, such as salads, sandwiches, and sushi. 1.1 Product Overview and Scope of Canned tuna 1.2 Canned tuna Segment by Type 1.2.1 Global Canned tuna Market Size Growth Rate Analysis by Type 2022 VS 2028 1.3 Canned tuna Segment by Application 1.3.1 Global Canned tuna Consumption Comparison by Application: 2022 VS 2028 1.4 Global Market Growth Prospects 1.4.1 Global Canned tuna Revenue Estimates and Forecasts (2017-2028) 1.4.2 Global Canned tuna Production Capacity Estimates and Forecasts (2017-2028) 1.4.3 Global Canned tuna Production Estimates and Forecasts (2017-2028) 1.5 Global Market Size by Region 1.5.1 Global Canned tuna Market Size Estimates and Forecasts by Region: 2017 VS 2021 VS 2028 1.5.2 North America Canned tuna Estimates and Forecasts (2017-2028) 1.5.3 Europe Canned tuna Estimates and Forecasts (2017-2028) 1.5.4 China Canned tuna Estimates and Forecasts (2017-2028) 1.5.5 Japan Canned tuna Estimates and Forecasts (2017-2028), 2 Market Competition by Manufacturers 2.1 Global Canned tuna Production Capacity Market Share by Manufacturers (2017-2022) 2.2 Global Canned tuna Revenue Market Share by Manufacturers (2017-2022) 2.3 Canned tuna Market Share by Company Type (Tier 1, Tier 2 and Tier 3) 2.4 Global Canned tuna Average Price by Manufacturers (2017-2022) 2.5 Manufacturers Canned tuna Production Sites, Area Served, Product Types 2.6 Canned tuna Market Competitive Situation and Trends 2.6.1 Canned tuna Market Concentration Rate 2.6.2 Global 5 and 10 Largest Canned tuna Players Market Share by Revenue 2.6.3 Mergers & Acquisitions, Expansion, 3 Production Capacity by Region 3.1 Global Production Capacity of Canned tuna Market Share by Region (2017-2022) 3.2 Global Canned tuna Revenue Market Share by Region (2017-2022) 3.3 Global Canned tuna Production Capacity, Revenue, Price and Gross Margin (2017-2022) 3.4 North America Canned tuna Production 3.4.1 North America Canned tuna Production Growth Rate (2017-2022) 3.4.2 North America Canned tuna Production Capacity, Revenue, Price and Gross Margin (2017-2022) 3.5 Europe Canned tuna Production 3.5.1 Europe Canned tuna Production Growth Rate (2017-2022) 3.5.2 Europe Canned tuna Production Capacity, Revenue, Price and Gross Margin (2017-2022) 3.6 China Canned tuna Production 3.6.1 China Canned tuna Production Growth Rate (2017-2022) 3.6.2 China Canned tuna Production Capacity, Revenue, Price and Gross Margin (2017-2022) 3.7 Japan Canned tuna Production 3.7.1 Japan Canned tuna Production Growth Rate (2017-2022) 3.7.2 Japan Canned tuna Production Capacity, Revenue, Price and Gross Margin (2017-2022), 4 Global Canned tuna Consumption by Region 4.1 Global Canned tuna Consumption by Region 4.1.1 Global Canned tuna Consumption by Region 4.1.2 Global Canned tuna Consumption Market Share by Region 4.2 North America 4.2.1 North America Canned tuna Consumption by Country 4.2.2 United States 4.2.3 Canada 4.3 Europe 4.3.1 Europe Canned tuna Consumption by Country 4.3.2 Germany 4.3.3 France 4.3.4 U.K. 4.3.5 Italy 4.3.6 Russia 4.4 Asia Pacific 4.4.1 Asia Pacific Canned tuna Consumption by Region 4.4.2 China 4.4.3 Japan 4.4.4 South Korea 4.4.5 China Taiwan 4.4.6 Southeast Asia 4.4.7 India 4.4.8 Australia 4.5 Latin America 4.5.1 Latin America Canned tuna Consumption by Country 4.5.2 Mexico 4.5.3 Brazil, 5 Segment by Type 5.1 Global Canned tuna Production Market Share by Type (2017-2022) 5.2 Global Canned tuna Revenue Market Share by Type (2017-2022) 5.3 Global Canned tuna Price by Type (2017-2022) 6 Segment by Application 6.1 Global Canned tuna Production Market Share by Application (2017-2022) 6.2 Global Canned tuna Revenue Market Share by Application (2017-2022) 6.3 Global Canned tuna Price by Application (2017-2022), 7 Key Companies Profiled 7.1 Company 7.1.1 Canned tuna Corporation Information 7.1.2 Canned tuna Product Portfolio 7.1. To know how our report can help streamline your business, Speak to Analyst, Canned Light Tuna Holds the Largest Market Share, as it has Numerous Health Benefits. Different methods are used for different species. The white tuna is obtained from albacore tuna, has a whitish appearance and the meat is firm compared to the light tuna. COVID-19 / Great lockdown has compress the global economy and with it the manufacturing sector, production, disruption, financial. Overall supplies from the Indian Ocean region may decline in the coming months due to the exhaustion of the yellowfin catch quota.Import demand for canned tuna may strengthen again worldwide during the first quarter of 2021 following extended COVID-19 lockdown measures in many countries. Initially, the report shows a basic overview of the industry including definitions, classifications, applications, share, trend, forecast analysis, growth, Manufacturers, Industrial end users, Commercial end users, Government bodies and more. Meanwhile, catering industry prospects for the 2021 Tokyo Olympic remain opaque because of the rising health concerns in Japan. This report focuses on the Canned tuna in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. In the United States of America, the largest market supplies were dominated by Thailand (53 percent).Colombia was the second largest importer of canned tuna in the Americas with over 70 percent of supplies coming from Ecuador. SCB, Territorial Economic Accounts for American Samoa, Guam, and the U If that's not impressive enough, the survey stated that 23% of people in the U.S. eat canned tuna on a weekly basis, 40% chow down on it at least two times a month, 29% eat a can once a month, and 10% eat canned tuna once every three months. The global canned tuna market was estimated at USD 18.76 billion in 2022 and is expected to reach USD 19.57 billion in 2023. b. A challenge to estimate global canned tuna demand and its impact on In the United States, canned tuna is a popular food, with Americans consuming about 1.5 million tons of it each year. Available: https://www.statista.com/statistics/280051/us-households-consumption-of-tuna-can-or-pouch/. This is a very good piece of work and will be very helpful to us going forward. PDF Market and Industry Dynamics in the Global Tuna Supply Chain In 2019, the production volume of true tuna in Indonesia amounted to around 319.3 . Tuna Facts - About Seafood Canned tuna Market 2022 to Showing Impressive Growth with a - GlobeNewswire StarKist Co., Bumble Bee Foods, LLC, Hagoromo Foods Corporation, American Tuna, Inc., and Bolton Alimentari S.p.A. are expected to be the top players in the industry. Recent estimates indicate total global canned tuna consumption was in the order of 1.9 million mt in 2018. Canned tuna is the second most popular seafood in the U.S. (shrimp is first) and is responsible for about 37 percent of the dietary mercury exposure. Global $31.7 Billion Tuna Fish Markets to 2027: Albacore - GlobeNewswire Canned tuna comprised an average of 53% 2% of the canned fish consumption in Fiji, 60% 5% in PNG, and 92 1% in Solomon Islands ( Table 1 ). In 2020, the global Canned Tuna market size was US$ 5071.5 million and it is expected to reach US$ 7726.9 million by the end of 2027, with a CAGR of 6.2% between 2021 and 2027 Global Canned. Also, due to the wide consumption of packaged food products, it is expected to grow in the upcoming years. This has negatively impacted the sales performance of processed food products. Free report customization (equivalent up to 8 analysts working days) with purchase. Statista, https://www.statista.com/statistics/280051/us-households-consumption-of-tuna-can-or-pouch/ (last visited June 30, 2023), U.S. population: Do you eat tuna (can or pouch)? Beverage Flavoring Agent Market Outlook:Beverage flavoring agent marketis projected to grow at a CAGR of5.7%during the forecast period, to reach a value ofUSD 7.8 Bnby 2032. Statista. Aneka Tuna Indonesia, American Tuna Inc., Ocean Brands. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. Many manufacturers are engaging in the production of canned light tuna and expanding their production facilities due to the high demands. The established supply chain and increasing demand for convenience food will aid market growth. The Japanese restaurant industry reported a 60-70 percent drop in revenue. North America is a developed economy and consists of a huge consumer base. Get export value, price data, trends, and more. Tuna is one of the most commonly consumed fish species in the world. The rise in cross-culture food consumption trend in the region has led to the wide consumption of various cuisines Japanese and Indian cuisines such as tekkadon, sushi, and curries. A steep downfall in the market is being observed due to the global outbreak of the COVID-19 pandemic due to the increasing number of COVID-positive patients in the region especially, in the U.S. Oat Protein Market Forecast: Oat protein marketis expected to reach a market valuation ofUSD 51 Mnby the year 2022, accelerating with a CAGR of4.4%by 2022-2032. The per capita consumption of tuna in the year 2018 was 2.78 kg, most of which was accounted for an 11% share of all the fishery and aquaculture products. So what's with all the canned tuna love? Companies have been focusing towards strategies such as sustainability, expansions into new regions, mergers and acquisitions to compete in the market. Show sources information The market growth is fuelled mainly due to the increasing consumption of various packaged food products and beverages. Europe was the largest market for canned tuna with a share of more than 38.0% in 2022 owing to the consumers increasing adoption of simple, ready-to-eat, and convenient seafood choices. However, due to the global pandemic COVID-19, there is a dip in the consumption of tuna as among the most affected countries in the region are Spain and Italy. Imports, however, increased significantly from Thailand (+54 percent to 1 280 tonnes), Maldives (+52 percent to 201 tonnes) and Fiji (+57.7 percent to 128 tonnes) during the review period.Other MarketsThe popularity of frozen tuna fillet/steaks persisted in the European Union market during 2020.Compared with the United States of America, imports remained relatively stable at nearly 19 000 tonnes (-1 percent) during the first nine months of 2020.

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