The global canned tuna fish market was valued at USD 22.72 billion in 2024 and is projected to grow at a CAGR of 3.4% from 2025 to 2034. This growth is driven by shifting consumer preferences, increasing health awareness, and rising disposable income in emerging economies. North America, particularly the United States, remains a significant market, with the U.S. importing a record high volume of canned and prepared tuna at 230,557 tonnes in 2024. Europe also plays a crucial role, with Spain dominating the European canned tuna market in 2024. The Asia-Pacific region is expected to dominate the global tuna fish market over the forecast period, contributing notably to the market value.
Several factors influence the demand for canned tuna across these regions. In North America, the demand is driven by the increasing consumer preference for convenient, ready-to-eat meals and the growing awareness of the health benefits associated with tuna consumption. The U.S. Department of Agriculture has reported a rise in online grocery sales, indicating a shift towards e-commerce platforms for purchasing canned tuna products. In Europe, the dominance of Spain in the canned tuna market reflects the region's strong production capabilities and established consumer base. The Asia-Pacific region's growth is attributed to the expanding middle class, urbanization, and changing dietary habits favoring protein-rich foods like canned tuna.
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The competitive landscape in the canned tuna market is characterized by the presence of several key players. These companies are focusing on product innovation, sustainability practices, and expanding their distribution networks to strengthen their market positions. The top players with substantial market hold include:
- Bumble Bee Foods
- Century Pacific Food Inc.
- Dongwon Group
- Nauterra
- Ocean’s
- Princes Foods
- StarKist Co
- Thai Union Group PCL.
- Tri Marine Group
- Wild Planet Foods
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