DUBLIN--(BUSINESS WIRE)--Sep 10, 2018--The "Tuna Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.

The global tuna market reached a value of US$ 11.38 Billion in 2017.The global tuna market is being driven by factors such as increasing demand for processed/ready to cook tuna, rising disposable incomes and increasing per capita consumption.

Tuna is a part of the mackerel fish family, and a very important part of the global fishing scenario. Tuna is enjoyed worldwide fresh-cooked, frozen, canned and as sushi. Almost 60% of the total tuna comes from the West and Central Pacific Ocean (WPCO). Since the all tuna catch from this region is under the custody of the Pacific Island Countries (PICs), these countries use their tuna resources as a source of developing their economies. A reason for this is that many of these countries only have their tuna population to call a resource for economic development. It is a widely bought item by end customers, restaurants and canning industries as well.

Rising demand for canned tuna represents a major reason currently driving the global tuna market. The busy schedules of people today are inviting a rapidly increasing need for ready to eat food, canned tuna being a popular choice. Europe currently dominates the global list of regions importing canned tuna. Middle Eastern countries like Saudi Arabia, Israel and Egypt have come up as some of the largest importers of tuna in the world.

This has to do with the fact that import duty fees for canned tuna are very less in the Middle East. Another reason or the popularity and demand of canned tuna is its shelf life. Many countries are developing rapidly and their natives are switching to easy to cook, long-lasting and internationally loved food items. These preferences of the people are a reason for the increasing worldwide consumption of canned tuna. With increasing health consciousness, many people are shifting from canned tuna to fresh and frozen tuna. The biggest importers of frozen and fresh tuna include China, North America and Western Europe. Even though they cost considerably higher than canned tuna, people are willing to pay, facilitating higher economic value for the worldwide tuna trade. The tuna market can only expect steadily growing value if people keep up with their food preferences. Looking forward, the market value is projected to reach US$ 13.75 Billion by 2023, expanding at a CAGR of 3.2% during 2018-2023.

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

5 Global Tuna Market

6 Market Breakup by Species

7 Market Breakup by Product Type

8 Production Breakup by Region

9 Consumption Breakup by Region

10 Imports and Exports

11 Tuna Processing

12 Project Details, Requirements and Costs Involved

13 Loans and Financial Assistance

14 Project Economics

15 Competitive Landscape

Thai UnionTri MarineStarkist

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Related Topics:Fish and Seafood

KEYWORD:

INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/10/2018 05:58 AM/DISC: 09/10/2018 05:58 AM

http://www.businesswire.com/news/home/20180910005393/en