Vertical: CFNBBase Year: 2021
Market Size (2021)
$10.26B
Projected (2030)
$15.10B
CAGR (2018–2030)
4.1%
Key Players
11+
The Global Canned Tuna Market is expected to register 4.15% CAGR during the forecast period, 2022 to 2030, and is expected to reach USD15,103.07 million in 2030.
Global Canned Tuna Market is segmented based on type, Distribution Channel, and region. Based on type the market is segmented into Skipjack Tuna, Yellowfin Tuna, Albacore Tuna and Others. Based on Distribution Channel the market is segmented into Store-Based and Non stored based. Major regions considered within the market are North America, Europe, Asia Pacific, rest of the world.
The key players profiled in the global Canned Tuna analysis are Thai Union Group PCL, Bolton Foods, Grupo Calvo, Ocean Brands, American Tuna Inc., Aneka Tuna Indonesia, Wild Planet Foods Inc, Sea Value PLC and many more.
One of the key factors driving the growth of the canned tuna market is the increasing demand for healthy and convenient food options. Tuna is a rich source of protein, omega-3 fatty acids, and various other nutrients, which makes it an attractive food choice for health-conscious consumers. Additionally, the rise in busy lifestyles and the need for quick and easy meal solutions has led to an increase in the consumption of canned tuna. The Scombridae family includes the diversified saltwater fish genus Tuna, which includes 15 distinct species. This fish is an excellent source of vitamin D, selenium, and protein. Additionally, this fish is high in protein and antioxidants while low in sodium and saturated fat. The USDA National Nutrient Database states that the selenium, phosphorus, iron, magnesium, and potassium levels in tuna fish are suitable. The heart-healthy omega-3 fatty acids included in Tuna in cans aid in avoiding various cardiovascular disorders.
The market is growing due to the expanding trend of online shopping, which drives demand for canned tuna fish and cuts export taxes on frozen tuna loins and fillets. Several fishing equipment types include pole-and-line, longline, and purse seining. These various fishing techniques increase the effectiveness of capturing fish.
The Canned Tuna Market market is projected to grow at a CAGR of 4.1% from 2018 to 2030.
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View Subscription PlansTuna is a diverse saltwater fish belonging to the Scombridae family; this genus consists of 15 different species of Tuna. This fish is a rich source of nutrients such as protein, selenium, and vitamin D. This fish is also enriched in antioxidants and protein without much-saturated fat or sodium. According to the USDA National Nutrient Database, tuna fish contains appropriate levels of selenium, phosphorous, iron, magnesium, and potassium. Canned Tuna is an excellent source of heart-healthy omega-3 fatty acids, which helps in preventing various cardiovascular diseases.
Canned Tuna is a type of processed seafood that is popular all around the world. It is made by cooking fresh tuna and then sealing it in a can with water, oil, or other liquids to preserve its flavor and texture. Canned Tuna can be found in a variety of styles, including solid, chunk, and flaked, as well as different varieties of tuna, such as skipjack, albacore, and yellowfin.
Canned Tuna is a convenient and affordable source of protein and omega-3 fatty acids, which are essential nutrients for the body. It can be used in a variety of recipes, including salads, sandwiches, casseroles, and pasta dishes. However, it is important to note that some types of Canned Tuna may contain higher levels of mercury, which can be harmful if consumed in large amounts, particularly for pregnant women and children.
To reduce the risk of consuming too much mercury, it is recommended to choose Canned Tuna that is lower in mercury, such as skipjack or light tuna, and to limit consumption to a few servings per week. Additionally, Canned Tuna packed in water is a healthier option than tuna packed in oil, as it contains fewer calories and less fat.
The scope of the global Canned Tuna market study includes the market size analysis and a detailed analysis of the manufacturer’s products and strategies. The market has been segmented based on type, distribution channel, and region.
To provide a comprehensive analysis of the Canned Tuna industry and its sub-segments in the global market, thereby providing a detailed structure of the industryTo provide detailed insights into factors driving and restraining the growth of the global Canned Tuna marketTo estimate the market size of the global Canned Tuna market where 2018 would be the historical year, 2020 shall be the base year, and 2021 to 2028 will be forecast period for the study.To analyze the global Canned Tuna market in five main geographies, namely, the North America, Europe, Asia-Pacific, and Rest of the WorldTo provide country-wise market value analysis for various segments of the Canned Tuna marketTo provide strategic profiling of key companies (manufacturers and distributors) present across the globe, and comprehensively analyze their competitiveness/competitive in this market.To provide a distribution chain analysis/value chain for the Canned Tuna market
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View Subscription PlansThis report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2021
Historical Period
2018 – 2020
Forecast Period
2022 – 2030
Primary Interviews
150+
Historical data (2018–2021) and forecast period (2021–2030)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansThe global Canned Tuna market is profitable, both for existing players as well as new entrants. The market is highly competitive with all the players competing to gain a higher market share. Intense competition, rapid advances in Canned Tuna technology, and regulations are key factors that confront the market growth. A substantial level of rivalry is observed among the existing manufacturers in the market. Our analysis revealed that market players had adopted different strategies and innovative research and development techniques to expand their business and secure their position in the global Canned Tuna market. In recent years, strategic movements by major players included approvals, which have been used as market penetration strategies and a means to reduce competition. The key players profiled in the global Canned Tuna analysis are Thai Union Group PCL, Bolton Foods, Grupo Calvo, Ocean Brands, American Tuna Inc., Aneka Tuna Indonesia, Wild Planet Foods Inc, Sea Value PLC and many more. The industry is characterized by the presence of several small-scale industrial producers with obsolete production technologies and limited capacity, especially in developing nations such as India, which has lent a significant advantage to new industry participants with better processing technologies.
The global market for Canned Tuna is fragmented, owing to the presence of large regional and domestic players in different countries. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Growing awareness about the nutritional benefits of fish and seafood consumption is on the rise. For this, individuals prefer canned seafood because of the convenience and long shelf life. This, in turn, can drastically benefit the food cans market.
For instance,
In January 2022, Nostromo, Italian canned tuna fish brand of Calvo Group, has introduced an attractive new packaging which features real peel technology. The end product or 'Apri gira facile' tuna has no inner rim when processed with this method, and can be tipped onto the plate directly eliminating waste of product and without an help of fork. In 2020, the Italian company Bolton Food has partnered with Oxfam, first in the world with this venture, and has taken an aim of implementing new standards in the fishing industry regarding social enterprise sustainability. Furthermore, Isabel brand of the company has become the first brand to certify all tuna products in compliance wit Atun de Pesca Responsable.standard (AENOR).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. The SEALECT spicy tuna flakes come in five flavors, combining key Thai spices such as galangal, turmeric, bird’s eye chili, pepper, and lemongrass. The new product was launched by the manufacturer due to the increasing demand of consumers for innovative food variants.
This way it helps increase production and introduce improved quality products in the market. Thai Union Group PCL, Bumble Bee Foods LLC, StarKist Co., and American Tuna Inc. are the prominent market players among the others.In January 21, 2022, Calvo Group's Nostromo canned tuna fish brand has debuted a new container design that incorporates genuine peel technology.
When prepared this way, the resulting product, known as 'Apri gira facile,' has no inner rim and can be tipped directly onto the plate, eliminating waste and need for a fork.In October 2022, SELECT, BELLOTA, and MARVO products from Thai Union and ITC are given to residents in Ubon Ratchathani Province who have been affected by flooding.In April 2022, StarKist will open a new corporate office in Reston, Virginia.In October 2022, New StarKist® Smart BowlsTM will be released by StarKist®.In September 2022, Ocean Brands will release new sardine and mackerel tins onto the U.S. market.In September 2022, on its website, Trader Joe's disclosed that it intended to open new locations in Oregon and Rhode Island as part of its ongoing growth.In December 2021, Century Pacific Food, Inc., Philippines based food and beverage companies had announced the acquisition of 'Ligo,' a brand known for its high-quality sardines and other marine goods.In August 2021, Wild Planet Foods, a leader in the canned fish sector, has been acquired by Italy's Bolton Group.
Bolton Group and Wild Planet will collaborate to create an exceptionally responsible supply chain.In Feb 2021, Grupo Calvo has introduced a new way of producing, presenting and eating canned tuna that meets the growing consumer demand for simplicity, healthy options and sustainability. The Easy Flip (Vuelca Fácil) packaging is the result of a €30 million investment by the company, and follows a restructuring of the manufacturing process at its Carballo plant near Coruña.In April 2021, Waitrose, a supermarket chain in the UK, launched the country’s first albacore and yellowfin tuna certified under the renowned Marine Stewardship Council (MSC) standard. The supermarket spent more than 10 years working with governments, NGOs, and suppliers to bring the certified products to the UK market.In March 2021, Thai Union's Tuna brand SEALECT, launched a limited edition of canned tuna with a container design featuring Doraemon, the popular Japanese manga series. The special edition of SEALECT tuna turning the canned tuna into rare collector's items and comes in three Doraemon, Shizuka, and Nobita designs. In February 2021, Thai Union, a leading global seafood company, collaborated with local restaurant After Yum to deliver an innovative new product, SEALECT tuna x After Yum.
The canned tuna is a special sauce to which consumers can make their own unique spicy salad dish by adding chili, vegetables, and lime juice.
Threat of New Entrants
The canned tuna industry has a high barrier to entry due to the significant investments required to establish a processing plant, procure raw Distribution Channels, and acquire necessary certifications. The established players in the industry have significant economies of scale, which makes it difficult for new entrants to compete. Established players in the industry have significant economies of scale, which means that they can produce canned tuna at a lower cost per unit compared to new entrants. This makes it difficult for new entrants to compete with the established players on price. Furthermore, the canned tuna industry is characterized by tight profit margins, which means that new entrants have to operate at scale to achieve profitability. This makes it difficult for small players to enter the market and compete with the larger players. Hence, the threat of new entrants in the Global Canned Tuna Market is expected to be High.
Bargaining Power of Suppliers
The suppliers of tuna fish, packaging Distribution Channels, and other raw Distribution Channels have moderate bargaining power. There are multiple suppliers of these raw Distribution Channels, and the industry players can easily switch suppliers if they are not satisfied with the terms of the agreement. The suppliers of tuna fish, packaging Distribution Channels, and other raw Distribution Channels have moderate bargaining power. There are multiple suppliers of these raw Distribution Channels, and the industry players can easily switch suppliers if they are not satisfied with the terms of the agreement. For example, tuna fish suppliers are spread across the world, and many companies import their tuna from different countries. This makes it easy for companies to switch suppliers if they are not satisfied with the quality, price, or other terms of the agreement. Similarly, packaging Distribution Channels such as cans, lids, labels, and cartons are widely available, and there are multiple suppliers of these Distribution Channels. This makes it easy for industry players to switch suppliers if they are not satisfied with the terms of the agreement. Overall, the moderate bargaining power of suppliers allows the industry players to maintain competitive prices and quality of raw Distribution Channels.
However, suppliers can still exert some power if they are able to offer unique or specialized raw Distribution Channels that are not readily available from other sources. Hence, the bargaining power of suppliers in the Global Canned Tuna Market is expected to be Moderate.
Threat Of Substitutes
The canned tuna industry faces a high threat of substitute products, including fresh tuna, salmon, and other seafood products. Consumers who prefer fresh seafood may choose to purchase fresh tuna or salmon instead of canned tuna.
To stay competitive, industry players have to constantly innovate and differentiate their products. For example, some companies offer canned tuna products that are flavored or seasoned, which provides a unique taste and can help differentiate their products from other brands. Other companies have focused on offering sustainably caught tuna, which appeals to environmentally conscious consumers. Furthermore, industry players can also differentiate their products based on the packaging they use. Some companies have introduced easy-to-open packaging, which makes it more convenient for consumers to open and consume their products. Others have focused on packaging that is more environmentally friendly, such as BPA-free cans or packaging made from recycled Distribution Channels. Overall, the high threat of substitute products in the canned tuna industry makes it important for industry players to constantly innovate and differentiate their products to stay competitive. Hence, the threat of substitutes in the Global Canned Tuna Market is expected to be High.
Bargaining Power of Buyers
Buyers of canned tuna, such as supermarkets, grocery stores, and foodservice providers, have a moderate bargaining power in the industry. This is because there are usually multiple suppliers and brands of canned tuna available in the market, and buyers have the ability to switch to different brands or suppliers if they are not satisfied with the pricing, quality, or other terms of the current supplier. To retain customers and maintain market share, industry players must compete on various factors, including price, quality, and brand recognition. This competition often leads to price pressure and the need to invest in marketing and product differentiation to stand out from competitors. As a result, buyers can use their bargaining power to negotiate better pricing or other terms from suppliers to gain a competitive advantage. However, the bargaining power of buyers may vary depending on the specific market and geographic location. For example, in some regions or markets, there may be fewer suppliers and brands of canned tuna available, which may increase the bargaining power of buyers. Similarly, in some cases, buyers may be more concentrated and have more bargaining power if they are large and powerful players in the industry, such as major supermarket chains. Hence, the bargaining power of buyers in the Global Canned Tuna Market is expected to be high.
Intensity Of Rivalry
The Global Canned Tuna Market is highly competitive, marked with fierce rivalry among the players in terms of quality, variety, and pricing. The growing demand for Canned Tuna among end user industries is creating opportunities for the players to emphasize innovation and product quality to expand their customer base. Thus, manufacturers are focusing on reducing production costs to compete in the cut-throat market. They are also engaged in strategic expansions to strengthen their businesses worldwide and survive in the market. Canned Tuna market is competitive market as there are players operating at various stages of the value chain.
Hence, the intensity of rivalry in the Global Canned Tuna Market is expected to be high.
Market estimates by geography (2030)
InsightEurope leads with $5.60B by 2030, while Rest of the World is projected to grow fastest at a 4.8% CAGR.
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View Subscription Plans| REGION | 2018 | 2021 | 2030 | CAGR | SHARE |
|---|---|---|---|---|---|
| North America | $2.54B | $3.08B | $4.03B | 3.9% | 27% |
| Europe | $3.62B | $4.33B | $5.60B | 3.7% | 37% |
| Asia Pacific | $2.06B | $2.57B | $3.46B | 4.4% | 23% |
| Rest of the World | $1.14B | $1.46B | $2.01B | 4.8% | 13% |
| Total | $9.37B | $11.43B | $15.10B | 4.1% | 100% |
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View Subscription PlansTotal Market Size
$15.10B
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Skipjack Tuna | $7.87B | 3.7% | 52% |
| Yellowfin Tuna | $3.74B | 4.5% | 25% |
| Albacore Tuna | $2.36B | 4.7% | 16% |
| Others | $1.14B | 4.0% | 8% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on Canned Tuna Market covering market dynamics, competitive landscape, and strategic outlook.
The Canned Tuna Market market is projected to reach $15.10B by 2030, growing at 4.1% CAGR. The Skipjack Tuna segment holds the largest share.
Canned tuna has gained popularity in recent years due to its high nutritional value and convenience. Tuna is a lean fish that is high in protein, omega-3 fatty acids, vitamins, and minerals. It is also low in fat and calories, making it a popular food for those looking to maintain a healthy diet.
One of the primary reasons for the growing incorporation of canned tuna in the daily diet is its convenience. Canned tuna is readily available, easy to prepare, and can be stored for an extended period. It can be added to sandwiches, salads, pasta, and other dishes, making it a versatile ingredient. Additionally, canned tuna is an affordable source of high-quality protein, making it an excellent option for those on a budget. It is also an ideal food for people with busy lifestyles who need a quick and easy source of nutrition. Canned tuna is becoming more popular in tuna sandwiches and delis, increasing demand for the product. Furthermore, majority of these canned tuna is albacore or a mix of yellowfin and skipjack tuna. "Light tuna" is a low-cost product, which consists of small amounts of yellowfin tuna and a substantial proportion of skipjack tuna. It accounts for a large portion of the global market.
Furthermore, canned tuna is an eco-friendly option as it is a sustainable source of seafood. Most canned tuna brands now use pole and line fishing methods to reduce bycatch and ensure sustainable fishing practices.
In conclusion, the growing incorporation of canned tuna in the daily diet is due to its high nutritional value, convenience, affordability, and eco-friendliness. With the increasing demand for healthy and sustainable food options, canned tuna is likely to remain a popular choice for consumers in the future.
Canned Tuna is a well-known seafood product and a popular ingredient in many dishes worldwide. It is a convenient and affordable source of protein that can be used in various recipes, making it a staple in many households. In recent years, the popularity of e-commerce has grown rapidly, and Canned Tuna has taken advantage of this trend. As a result, Canned Tuna has become a rising e-commerce firm, with many companies selling their products online. This has made it easier for customers to access the product, irrespective of their location.
Moreover, by providing quality products, competitive pricing, and efficient delivery, Canned Tuna has been able to establish a loyal customer base. As a result, the company has been experiencing significant growth, expanding its market share, and attracting more customers.
The expansion of the e-commerce sector and the fortification of the supply chain have favorably contributed to the growth of the canned tuna market. The availability of processed food goods has recently been made more accessible, which has led to an increase in online food shopping platforms. The popularity of the internet has opened up new e-commerce opportunities. The millennial generation is more tech aware and favors buying things on numerous internet platforms because it's more convenient. The establishment of numerous new malls and convenience stores in recent years has caught customers' interest. As a result, sales of Tuna and other processed foods have soared, and the supply chain has been enhanced in some ways.
Overall, Canned Tuna's success as a rising e-commerce firm is attributed to its ability to provide convenient access to quality products, offer competitive pricing, and provide excellent customer service. These factors have enabled the company to thrive in the ever-growing e-commerce market
Key growth drivers in the canned tuna market are technological advancements that allow for effective manufacturing, an expanded product portfolio, innovative design and packaging, efficient operational maintenance, and sales monitoring. Technological advancements have revolutionized the way the fishing industry operates. It has helped fishermen to locate and catch fish more efficiently and sustainably. This has resulted in an increase in the availability and quality of canned tuna products. The introduction of canning technology has also improved the shelf life of canned tuna products, making it easier to transport and store them for long periods of time. Additionally, innovations in packaging, such as the use of vacuum-sealed pouches, have made canned tuna more convenient and accessible for consumers.
Moreover, advancements in food processing technology have enabled manufacturers to produce a wide range of canned tuna products, such as flavored and seasoned varieties. This has increased the appeal of canned tuna to consumers who may not have previously considered it as a healthy and convenient food option.
In conclusion, technological advancements have presented many opportunities for the canned tuna market to expand and diversify its product offerings, improve sustainability, and appeal to a wider consumer base.
Market expansion has been hindered by customers' increased preference for plant-based foods. Consumers gravitate toward plant-based products due to their growing worries about the environment and animal welfare. The increased use of plant-based products is also a result of the growing vegan trend in developing countries. The availability of various plant-based fish meat substitutes and their strong flavor and taste compliance have also influenced consumers to choose them. The rising demand for vegan and vegetarian diets, as well as concerns about sustainability and animal welfare, have led many consumers to seek alternative sources of protein. Plant-based protein sources such as tofu, tempeh, and legumes are becoming more popular as a substitute for meat and fish products. This shift in consumer preference could impact the demand for canned tuna in the future, especially among younger generations who are more likely to choose plant-based options.
In addition, the canned tuna market has been impacted by concerns over sustainability and the environmental impact of fishing practices. Many consumers are choosing to purchase sustainably caught seafood, or are opting for plant-based alternatives as a way to reduce their environmental impact.
As a result, the canned tuna market has had to adapt and evolve to meet changing consumer preferences and demands. Companies are increasingly looking for ways to promote their sustainability credentials and are exploring alternative sources of protein to stay relevant in an increasingly competitive marketplace.
Sustainability concerns: There are concerns about overfishing and the impact of tuna fishing on the environment. This has led to increased demand for sustainably caught tuna, which can be more expensive to source and process.
Health concerns: There are concerns about the high levels of mercury in canned tuna and its potential health effects. This has led to increased demand for low-mercury and no-mercury canned tuna products, which can be more expensive to produce.
Competition from substitute products: The canned tuna market faces stiff competition from substitute products such as fresh tuna, salmon, and other seafood products. This puts pressure on industry players to constantly innovate and differentiate their products to stay competitive.
Price volatility: The cost of raw Distribution Channels such as tuna fish and packaging Distribution Channels can be volatile, which makes it difficult for industry players to plan and manage their costs.
Regulatory requirements: The canned tuna industry is heavily regulated, and companies must comply with various food safety, quality, and labeling regulations. These regulations can be complex and costly to comply with, particularly for smaller players in the market.
Supply chain disruptions: The canned tuna market relies on a complex global supply chain, which can be vulnerable to disruptions such as natural disasters, political instability, and other unforeseen events. These disruptions can lead to supply shortages, price increases, and other challenges for industry players.
Global Canned Tuna Market was facing a pre-lockdown decline in business due to disruption of supply chains. The pandemic stopped cash flows, while migration of workers caused much distress. The COVID pandemic has mainly affected micro, small and medium enterprises (MSMEs), which are facing closure owing to problems like a lack of working capital and labor. During this pandemic, several countries including China, India, Germany, Italy, Brazil, and Canada declared complete lockdown. This further led to the shutdown of production facilities, and raw Distribution Channel transportation. This epidemic has severely affected the supply chain of numerous manufacturing units. Since, both raw Distribution Channel supply and finished goods distribution is majorly affected, causing a massive drop in revenue. China is a major consumer of Distribution Channels and an epicenter of coronavirus, thus, inhibiting the development of the market. Restrictions over export and import of products in general, and industrial goods acts as a factor for the decline of the market. Major food manufacturers have either sharply reduced their operations or shuttered their facilities.
The halt in activities of many food processing units during the period led to a decline in the demand for food packaging cans. The poor performance of the tourism and hospitality sector also impacted the market by decreasing the demand for canned products. Moreover, restrictions on travel and movement of goods to curb the virus spread ultimately caused disruptions in the supply chain. However, there was some respite to the Canned Tuna industry through increasing sales of readymade food products in online grocery and shopping sites
The Covid 19 pandemic had its impact on the global economic environment, causing significant disruption in economic activities and the Canned Tuna Industry where the Group is operating had been adversely impacted in the first half of FY 2020-21 due to the pandemic. To optimize operating efficiency, Company has temporarily shut down its manufacturing operations. The companies closely monitor the recent developments and effect of present pandemic over the business. The companies believes that this pandemic is not likely to have Distribution Channel impact on the carrying value of its assets and hence no provision for any Impairment is required. As the situation unfolds in the future, the eventual impact may be different from the estimates made as on the date of approval of these Financial Statements. India began a three-week lockdown on 25 March, Malaysia has extended its lockdown to 14 April and several other countries in Asia, including Japan, Indonesia, Singapore, Thailand and Vietnam, are considering tightening their respective restrictions. Lockdown led to food processing business operations to be shut down as well severely impacting the demand for Canned Tuna products
At one side, the demand for Canned Tuna and its raw Distribution Channel has declined, the production has also declined with more than 5%, many production sites are running at 50% capacity and many end-user industries are struggling to receive their raw Distribution Channel for Canned Tuna. The uncertainty surrounding the situation resulted in consumers engaging in impulse buying and stockpiling groceries and essential products, including food products with longer shelf lives. The increasing demand for food packaging can also be attributed to several groups and organizations offering aid to people who did not have access to essential services or had lost their source of income and could not afford food. Canned Tuna ensures the protection of food products and improves the shelf-life of the products thereby, attracting more customers. The food packaging market is expected to grow significantly over the forecast period due to the advent of numerous production facilities and their need to catch up with the latest trends in the market. Also, rapid changes in the people’s lifestyles and food preferences of consumers, along with the growth in population, particularly in developing countries, is expected to drive the growth of the market over the forecast period.
Impact On Supply Chain
The COVID-19 pandemic has had a significant impact on the canned tuna industry's supply chain. One of the primary challenges faced by the industry is the disruption to the supply of raw Distribution Channels, as many fishing vessels and processing plants had to close due to the pandemic. The closure of processing plants and fishing vessels led to a reduction in the overall supply of tuna, which increased the price of raw Distribution Channels.
Furthermore, there were significant disruptions to the logistics and transportation of canned tuna products. Due to lockdowns and restrictions, the transportation of canned tuna products was severely impacted, which led to delays in delivery times and increased transportation costs.
The pandemic also caused significant changes in consumer behavior, which further impacted the canned tuna industry's supply chain. With the widespread closure of restaurants and other foodservice establishments, there was a significant increase in demand for canned tuna products from retail consumers. This increase in demand put additional pressure on the supply chain, as companies had to ramp up production to meet the increased demand. Overall, the COVID-19 pandemic had a significant impact on the canned tuna industry's supply chain, affecting the supply of raw Distribution Channels, transportation, and changes in consumer behavior. However, many industry players have been able to adapt and implement measures to ensure the continuity of their supply chain, such as increasing local sourcing, investing in e-commerce, and implementing safety protocols.
Impact On Production Constraints
The COVID-19 pandemic has had a significant impact on the canned tuna industry, with many production constraints being observed. These constraints have been caused by a range of factors, including lockdowns, restrictions on movement, and disruptions to the global supply chain.
One of the primary impacts of COVID-19 on canned tuna production has been a disruption to the global supply chain. This has been caused by restrictions on the movement of goods and people, which have made it difficult for companies to import raw Distribution Channels, such as tuna fish and packaging Distribution Channels. As a result, some companies have had to reduce their production or temporarily shut down their operations. Furthermore, the pandemic has also led to a shortage of labor, with many workers falling ill or unable to work due to quarantine or lockdown restrictions. This has led to reduced production capacity and delays in the processing of tuna. The pandemic has also led to an increase in demand for canned tuna, as consumers stock up on non-perishable food items. This has put pressure on the production capacity of canned tuna companies, many of which are struggling to keep up with demand.
Impact On Consumer Buying Behavior
The COVID-19 pandemic has had a significant impact on consumer buying behaviour, including the purchase of canned tuna products. Due to the pandemic, consumers have become more concerned about their health and safety and have started to stock up on canned tuna as it is a shelf-stable and convenient source of protein.
The pandemic has also led to changes in consumer shopping behaviour, with more consumers choosing to shop online rather than in-store. This has led to an increase in online sales of canned tuna products, as consumers look for safe and convenient ways to purchase their food.
In addition, the pandemic has also led to changes in the types of canned tuna products that consumers are buying. With more people eating at home, there has been a greater demand for larger size cans of canned tuna, such as family-sized cans, rather than single-serve portions.
Impact On Retail Sales (Online Vs Stored Based)
The COVID-19 pandemic has had a significant impact on the retail sales of canned tuna, both online and in-store. In the initial stages of the pandemic, when lockdowns and restrictions were put in place, there was a surge in demand for canned goods, including canned tuna, as people stocked up on non-perishable foods.
As a result, both online and in-store sales of canned tuna saw a sharp increase in demand. Online sales of canned tuna increased as people preferred to shop from the safety of their homes. Retailers such as Amazon and Walmart reported a significant increase in sales of canned goods during the pandemic, including canned tuna. In-store sales of canned tuna also increased as people stocked up on non-perishable items. However, the pandemic also led to changes in consumer behaviour. With more people working from home and cooking more meals at home, there was a shift in demand for canned tuna products. In particular, there was an increase in demand for smaller sizes and more convenient packaging, such as single-serve pouches.
However, as the pandemic continued and restrictions were lifted, the sales of canned tuna returned to more normal levels. This is because people started to return to their pre-pandemic shopping behaviours and preferences. Despite this, the COVID-19 pandemic had a significant impact on the retail sales of canned tuna, with both online and in-store sales seeing an initial surge in demand.
Profiles of 108 companies operating in the Canned Tuna Market market, including revenue, employee count, and market positioning where available.
Showing 108 of 108 companies
Company Headquarters: Spain Founded: 1940 Workforce: ~ 5,078 Company Working: Grupo Calvo is a Spanish company that is one of the leading producers of canned tuna and other seafood products in the world. Grupo Calvo produces a wide range of seafood products, including canned tuna, sardines, mackerel, and anchovies, as well as fresh and frozen fish, ready-to-eat meals, and pet food. Its products are sold in over 70 countries around the world, with the company's largest markets being Spain, Italy, the United States, and Portugal. The company sources its tuna from fisheries that are certified by the Marine Stewardship Council (MSC) and has also established a "Friends of the Sea" program to promote sustainable fishing practices. In addition, the company has invested in renewable energy and waste reduction initiatives to minimize its environmental impact.
Company Headquarters: Thailand Founded: 1977 Workforce: ~10,000 Company Working: Thai Union Group Public Company Limited is a Thailand-based company, which is engaged in the manufacturing and sale of frozen, chilled, and canned seafood. The Company operates through three segments: Ambient seafood, Frozen and chilled seafood and related businesses, and Pet food, value-added and other businesses. The Company conduct business in Thailand and overseas. The Company's subsidiaries are engaged in packaging, printing, pet food, and food supplemental businesses. Its overseas subsidiaries principally operate the businesses, such as its subsidiaries in the United States distribute lobster and other seafood products and import shrimp and other frozen seafood products for sales to restaurant chains, retailers, and wholesalers. Its subsidiaries in Europe manufacture and distribute ambient and chilled seafood products to countries in Europe, the United States, and Australia. Its subsidiaries in Asia manufacture and distribute seafood in Vietnam and China.
Company Headquarters: Australia Founded: 1995 Workforce: ~1,000 Company Working:Simplot Australia Pty Ltd is a leading Australian food manufacturer that operates in the retail, foodservice, and industrial sectors. Simplot Australia is part of the J.R. Simplot Company, which is one of the largest privately-owned food and agribusiness companies in the world. Simplot Australia's product portfolio includes a range of frozen and chilled vegetables, seafood, meat, and pastry products, as well as shelf-stable products such as canned fruits and vegetables, sauces, and condiments. The company also produces and distributes a range of well-known brands, including Birds Eye, Leggo's, John West, and Edgell. The company operates across several locations in Australia, including production facilities in Devonport (Tasmania), Ulverstone (Tasmania), and Bathurst (New South Wales), as well as sales offices in Melbourne (Victoria), Sydney (New South Wales), and Brisbane (Queensland).
Company Headquarters: Spain Founded: 1961 Workforce: ~ 250 Revenue: USD 0.53B (31-Dec-2021) Company Working: Frinsa del Noroeste S.A. is a Spanish food company that specializes in the production and distribution of premium canned seafood products. Frinsa's product line includes a wide variety of canned seafood, including tuna, mackerel, sardines, octopus, and squid, as well as other specialty products such as canned clams, cockles, and razor clams. The company sources its seafood from the waters surrounding Galicia, a region in northwest Spain known for its rich seafood culture. In addition to its own brand, Frinsa also produces private label products for major retailers and food service companies around the world. The company's products are sold in a variety of retail channels, including supermarkets, specialty food stores, and online retailers. Frinsa is also committed to social responsibility and is actively involved in supporting local fishing communities and other initiatives related to sustainable fishing practices. The company has a strong focus on innovation and research and development, and it continues to introduce new products and packaging innovations to meet the evolving needs of consumers in the global seafood market.
Company Headquarters: Thailand Founded: 2004 Workforce: ~1,000 Company Working:Sea Value PLC is Thai seafood company that specializes in the production and distribution of canned and frozen seafood products. Sea Value's products are sourced from a variety of fisheries around the world, including the Pacific, Atlantic, and Indian Oceans. The company's product line includes canned tuna, sardines, and mackerel, as well as frozen shrimp, squid, and other seafood products. The company operates several manufacturing facilities in Thailand, as well as a distribution center in the United States. Sea Value is known for its high-quality products and has earned several certifications and awards for its commitment to sustainability and responsible fishing practices, including the Marine Stewardship Council (MSC) certification, the Global Good Agricultural Practices (GAP) certification, and the United Nations Global Compact. In addition to its own brand, Sea Value also produces private label products for major retailers and food service companies around the world.
Company Headquarters: US Founded: 2004 Workforce: ~500 Company Working: Wild Planet Foods Inc. is a privately-held, family-owned company based in McKinleyville, California that specializes in producing sustainable seafood products. The company was founded in 2004 with the goal of providing consumers with high-quality, sustainably-sourced seafood that is free from added water, oil, and fillers. Wild Planet Foods sources its fish from the most sustainable fisheries around the world, using pole and line, troll, and handline fishing methods, which are considered the most sustainable and selective fishing methods. The company offers a variety of canned seafood products, including tuna, salmon, sardines, and mackerel, as well as seafood pouches and frozen seafood. The company works directly with fishermen and fishing communities to ensure that its products are sourced in an environmentally responsible and socially conscious manner. Wild Planet Foods products are also Non-GMO Project Verified, and most are certified by the Marine Stewardship Council (MSC).
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Historical performance and future projections (2020–2030, USD Billion)
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