According to the recent research report titled ‘Global Canned Tuna Market Size study, by Product (Skipjack, Yellowfin, Others) by Distribution Channel (Hypermarket & Supermarket, Specialty Stores, Online) and Regional Forecasts 2022-2028’ available with MarketStudyReport, global canned tuna market accounted for USD 8.97 billion in 2021 and is predicted to amass USD 12.37 billion by the end of 2028, progressing at CAGR of 4.7% during the forecast period.

With features such as a distinct and exceptional taste for tuna, rising awareness about nutritional advantages, reduced carbon footprints in comparison to other meat and cattle products, and high usage due to excellent flavor collectively boost global canned tuna market growth.

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Due to its high concentration of essential proteins, vitamins, and minerals, seafood is anticipated to change customers' preferences for a variety of cuisines, which will have a significant positive impact on the industry expansion.

Since canned tuna is an affordable source of protein and is available in almost 70 different nations, it is a widely consumed food. The high vitamin B12 content in tuna, which is necessary for DNA synthesis, is one of its many health benefits.

On the other hand, one of the top five seafood dishes consumed worldwide is tuna. A paradigm shift in the tuna industry has occurred recently as a result of greater production and price competition, new technology, and changing consumer demand.

However, the adoption of organic products and plant-based products is likely to impede worldwide canned tuna market expansion throughout the projection period of 2022-2028.

Further, the industry vertical is segmented into product type, and distribution channels. Based on product type, the market is divided into yellowfin, skipjack, and others. In terms of distribution channels, this marketplace is bifurcated into specialty stores, hypermarkets & supermarkets, and online channels.

By regional landscape, the business space spans across North America, Europe, Latin America, Asia Pacific, and the rest of the world. Among these, Europe market is expected to amass sustainable returns through the analysis period, due to increasing customer preference for ready-to-eat seafood options.

Meanwhile, Middle East & Africa industry stands tall in terms of revenue hierarchy over the study period, owing to emerging marketplaces with various development opportunities.

In terms of competitive analysis, global canned tuna industry includes players such as Ocean Brands GP, American Tuna Inc., PT. Aneka Tuna Indonesia, Wild Planet Foods Inc., Grupo Calvo, Jealsa, Century Pacific Food Inc., Bumble Bee Foods, LLC., Thai Union Group PCL, and Frinsa del Noroeste S.A.