Globally, advancement in technology and the physical development of fishing continuously develop. The introduction of FADs called Fishing Aggregating Devices by the purse seine fleet has a great impact on fishing nowadays. This technology boosted the small-sized tuna catches. According to Renub Research analysis, Global Tuna Fish Market will be US$ 31.7 Billion by 2027.
Tuna Fish constitute the genus Thunnus which belongs to the Mackerel family. It is the essential fish commodities across the globe. Worldwide catches of commercial tuna species have increased in recent years, and its import volume of fresh and frozen has also increased. The most important species catches are skipjack, yellowfin, bigeye, bluefin?however, Pacific bluefin and Southern bluefin species caught in smaller quantity. The market of Tuna world over was valued at US$ 26.1 Billion in 2020.
Stocks status reviewed as per FAO
- All the assessment by each tuna Regional Fisheries Management Organisations (RFMO)
- Reviews were based on whether the biomass is above or below the reference point and whether fishing mortality is higher or lower than the level equivalent to the sustainable yield.
Many parts across the globe, like Europe, Asian countries, have a tradition of consuming non canned tuna, and nowadays, this has expanded throughout the world, particularly in North American countries. Factors driving this market are surging demand for canned tuna, rising disposable income in developing nations, and inclination towards ready to eat food due to hectic lifestyles. As per this research report, Tuna Industry Globally will grow with a CAGR of 2.82% from 2020 to 2027.
As per our study, it has seen that countries like Japan, China, European countries, North American countries owing to the trends of consuming tuna and this will grow in the upcoming years. Apart from that, the import tariff on imported canned tuna was very low in Middle East countries.
Renub Research latest report, "Global Fish Tuna Market & Volume by Species Production (Skipjack, Yellowfin, Bigeye, Longtail, Albacore), Importing Countries (Japan, United States, South Korea, France, Spain, Italy, Russia, Netherlands, Germany, United Kingdom), Exporting Countries (Vietnam, South Korea, Indonesia, Spain, China, Turkey, France, Croatia, Morocco, Malta) Company Analysis (Seatrade, Ideal Foods Ltd, Sea Delights, Atlantic Capes Fisheries, Inc, Atalanta Corporation)"
Production by Species – Market Volume breakup from 5 viewpoints
1. Skipjack Tuna
2. Yellowfin Tuna
3. Bigeye Tuna
4. Longtail Tuna
5. Albacore Tuna
Consumption Country – Market Volume breakup by 6 Countries
3. United states
Importing Country - Tuna Market breakup by 10 Countries
2. United States
3. South Korea
10. United Kingdom
Exporting Country - Tuna Market breakup by 10 Countries
2. South Korea
All companies have been covered from 3 Viewpoints
- Recent Developments
2. Ideal Foods Ltd
3. Sea Delights
4. Atlantic Capes Fisheries, Inc
5. Atalanta Corporation