Global Tuna Market to Record 4.69% CAGR During 2019-2024

July 24, 2020

According to the research report titled ‘Global Tuna Market: Analysis By Species, Distribution Channel, By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) -- By Region (Americas, Europe, APAC, ROW-MEA), By Country , available with Market Study Report LLC, worldwide tuna market is expected to grow with a CAGR of 4.69% between 2019 and 2024.

Mounting demand and increasing consumption of seafood in emerging economies along with growing urban population are major factors fueling the growth of global tuna market. Inclination towards consuming healthy and nutritious food products is further aiding the market expansion. Rising per capita income and surging adoption of tuna based cuisines among restaurants are also stimulating the industry outlook.

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In terms of species type, global tuna market is divided into bluefin, longtail, bigeye, yellowfin, skipjack, and albacore. Moving on to distribution channel, the industry segmented as online, convenience stores, specialty stores, indirect-hypermarket, and direct.

Notably, the report on global tuna market offers statistics associated with remuneration and projections while elaborating on the growth factors. It aims to deliver state-of-the-art market intelligence which will enable decision makers during investment assessment. Additionally, the study analyzes the developing trends as well as the key drivers, challenges & restraints and other favorable opportunities for the overall market expansion. It emphasizes on various strategies implemented by the major companies operating in global tuna market.

From the regional point of view, global tuna market is split into Asia-Pacific, Europe, and Americas with key focus on Indonesia, Japan, China, rest of Asia-Pacific, Italy, France, Spain, rest of Europe, Canada, U.S. and rest of Americas. The report states that Japan accounted for a significant share in the overall market in the year 2018 and is expected to register substantial growth during the forecast period.

K/S Knold's Seafood AB, StarKist Co., Tri Marine International Inc., Wild Planet Foods Inc., The Tuna Store LLC, Thai Union Group, Dongwon Industries Co. Ltd., and Bumble Bee Foods LLC are the major companies operating in global tuna market.

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