Global Canned Tuna and Sardine Market Size Will Reach $13.58 Billion in 2023

PostDate：2023-12-01

Canned tuna and sardine are instant canned products made from fresh or frozen tuna and sardine through processing, adding seasoning, sterilization, canning, and sealing. According to different processing methods, canned fish can usually be divided into categories such as braised, fresh fried, steamed, smoked, oil immersed, and water immersed.

Overview of Global Canned Tuna and Sardine Market and Analysis of Market Segments

Due to its convenience in consumption, rich nutrition, and portability, canned fish is increasingly favored by consumers. According to our research data, the global canned tuna and sardine market is expected to reach $13.58 billion in 2023 and is expected to increase to $15.21 billion by 2025.

Among canned tuna and sardines, canned tuna is more popular. Data shows that the estimated size of the global canned tuna sub-market is $8878 million in 2023, and the market share is expected to reach 65.38%. From different sales channels, supermarkets are the most important sales channel. Data shows that in 2023, the market size of canned tuna and sardines sold through supermarkets is expected to account for 50.13% of all channels.

Global Canned Tuna and Sardine Market Size Forecast and Market Segmentation Analysis

Global Canned Tuna and Sardine Market Size Forecast and Market Segmentation Analysis

Source: www.globalmarketmonitor.com

Analysis of Tuna and sardine Canned Market in Major Regions/Countries in the World

Research shows that Europe is the largest consumer market in the global tuna and sardine canning industry. According to our data, the consumption of canned tuna and sardines in Europe is expected to reach 1316.7k tons in 2023, accounting for 27.11% of the global total consumption; Southeast Asia is the largest revenue market. In 2023, the revenue of the canned tuna and sardine market in this region is estimated to be $3726 million, with a revenue share of 27.44%.

Canned Tuna and Sardine Consumption, Market Ravenue, and Share Forecast by Region /Country in 2023

Regions/Countries	Consumption (K Tons)	Market Revenue (Million USD)	Market Share
North America	1062.7	1282	9.44%
Europe	1316.7	2509	18.48%
China	639.2	1066	7.85%
Japan	398.3	1308	9.63%
Southeast Asia	268.6	3726	27.44%
South America	312.8	510	3.76%
Middle East & Africa	227.9	1439	10.60%

Source: www.globalmarketmonitor.com

Global Canned Tuna and Sardine Market Development Prospect Analysis

With the advancement of globalization and changes in people's lifestyles, consumers’ tastes and needs are also constantly changing. In some regions, people increasingly value healthy eating and tend to choose natural, low-fat, and high-protein foods, while canned foods contain excessive preservatives and fats. Therefore, the market growth of canned tuna and sardines may be limited. In addition, the supply chain of tuna and sardine may be affected by weather, marine fishing restrictions, and other factors, leading to insufficient market supply and rising prices. To sum up, the global market development of canned tuna and sardines is facing great challenges.

For more industry information, please refer to our latest released "China Canned Tuna and Sardines Industry Market Research Report 2023-2029".

Global Canned Tuna and Sardine Market Size Will Reach $13.58 Billion in 2023

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