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Canned Tuna Market: Future Prospects to Remain Confined in Light of Lower Consumer Adoption

Press release Description

Albany, New York, June 21, 2018: Consumer lifestyles worldwide have witnessed significant evolution over the recent years, with faced-paced regimes and desk-bound work leaving less time for daily essential chores, with food preparation being an imperative one. This has further driven the adoption of packaged food and frozen food, and canned tune is no exception. These insights are gleaned from a new report, titled “Canned Tuna Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2025,” recently added to the all-inclusive repository of Market Research Reports Search Engine (MRRSE).

Growing consumer dependency on ready-to-eat and prepared food is a key factor sustaining sales of canned tuna, with the report forecasting sales worth over US$ 14,000 Mn by 2025-end. However, a sluggish growth rate has been envisaged for sales of canned tuna worldwide through 2028. Confined prospects of the canned tuna market on account of lower market penetration and consumer adoption will be offset by growing demand in the Middle East coupled with immense potential in ASEAN countries.

Canned Tuna Market: U.S. to Face a Downward Trend

In the U.S., canned seafood products are witnessed a restrained momentum against the backdrop of the absence of regular & sustainable supply of its parent product. Consumers in developed nations, such as the U.S., are highly concerned about the deaths of sea species such as dolphins, a consequence of tuna fishing.

A large number of dolphins have been killed during fishing tuna, which in turn has made the increasingly environment-conscious consumers in the region averse toward purchasing products that result in sea creatures’ deaths. This, coupled with the consumer sensitivity toward sustainability of the canned tuna continues to dictate expansion of the canned tuna market in the U.S.

Other developed regions such as Europe represent a similar trend, wherein the ban on commercial fishing owing to adverse effects of overfishing has curtailed the tuna supply, thereby resulting in higher cost of canned tuna. Higher costs have further constrained the adoption among financially-sound consumers in the regions.

Canned Tuna Market: Key Report Contents

This report offers a detailed and an all-inclusive study on the canned tuna market in its recently published report. The report imparts an impact analysis on different important factors expected to affect expansion of the canned tuna market during the forecast period (2017-2025).

The report is an exhaustive take on the canned tuna market’s performance, and exerts in-depth insights on key drivers pushing sales of the canned tuna. Opportunities that can be leveraged by canned tuna producers, and lucrative trends influencing growth of the canned tuna market have also been engulfed in the report.

For facilitate understanding of the different aspects of the canned tuna market, the report is divided into different chapters, each presenting deep insights on the canned tuna market based on the market segmentation. Dedicated chapters on end-use industries, product type, sales channel, applications, and region, provide important information on these segments across the various assessed regional canned tuna markets.

Research Methodology

A robust research approach has been used for contemplating key industry dynamics to offer a precise and an authentic market intelligence. Intrinsic blend of primary as well as secondary research is leveraged to deliver estimates & forecasts on the canned tuna market.

Initial phase of this research involves secondary research, wherein analysts have conducted comprehensive information mining, using verified & up-to-date data resources, which include technical journals, latest independent studies, and government as well as regulatory published material that form the foundation for the canned tuna market estimates.

All market estimates and forecast imparted have been verified using an exhaustive primary research by conducting interviews with prominent market participants & industry experts. These primary interviews have facilitated validation of the information procured, which in turn has aided gaining accurate industry insights and estimations.

Browse Full Global Canned Tuna Market Report with TOC :

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