Global Frozen Tuna Market Size, Share And Growth Analysis For 2024-2033
Global Frozen Tuna Market Size, Trends, And Forecast 2024-2033
LONDON, GREATER LONDON, UK , August 29, 2024 /EINPresswire.com/ — The global frozen tuna market is projected to grow from $7.47 billion in 2023 to $8.22 billion in 2024, at a CAGR of 10.0%. The market is anticipated to reach $12.22 billion by 2028at a compound annual growth rate (CAGR) of 10.4%, driven by increasing demand for seafood, heightened awareness of health benefits, and the growth in sushi and sashimi consumption.
Growing Demand for Seafood Drives Market Growth
The growing demand for seafood is a significant factor contributing to the growth of the frozen tuna market. Seafood, including tuna, provides essential proteins and nutrients for many cultures worldwide. The rising awareness of seafood’s health benefits, the expansion of aquaculture, changing dietary preferences, improved supply chain logistics, and concerns over the sustainability of land-based protein sources have all contributed to this increased demand. Frozen tuna plays a crucial role in meeting the global seafood demand by offering a reliable, versatile, and high-quality product that can be used in various cuisines. For example, sales of farmed shellfish in Canada increased by 11.8% in 2022, reflecting the overall growth in seafood consumption.
Explore comprehensive insights into the global frozen tuna market with a detailed sample report:https://www.thebusinessresearchcompany.com/sample_request?id=16689&type=smp
Key Players and Market Trends
Major players in the frozen tuna market include ITOCHU Corporation, Sojitz Corporation, Dongwon Group, Nissui Corporation, Mowi ASA, Thai Union Group PCL, and Bolton Group. These companies are focusing on product innovation to enhance quality, shelf-life, and sustainability. For instance, Big Fish Maldives launched ultra-low temperature (ULT) frozen tuna products in April 2023, which maintain their freshness for extended periods due to freezing at temperatures as low as -60 degrees Celsius. This innovative approach allows high-quality tuna to be sold in overseas markets at significantly higher prices and is particularly preferred for sashimi and high-end sushi.
Trends: Technological Innovations and Sustainable Practices
Several key trends are shaping the frozen tuna market, including technological innovations, advancements in cold chain logistics, flash-freezing technology, sustainable packaging solutions, and improved thawing techniques. These trends aim to enhance product quality and sustainability, catering to the growing consumer demand for eco-friendly and high-quality seafood options.
Segments:
• Type: Frozen Albacore, Frozen Big Eye Ahi, Frozen Bluefin Tuna, Frozen Skipjack, Frozen Yellowfin Tuna
• Distributed Channel: Online, Offline
• Application: Supermarkets And Hypermarkets, Convenience Stores, Specialty Stores, Online Retail
Geographical Insights: Asia-Pacific Leading the Market
Asia-Pacific was the largest region in the frozen tuna market in 2023 and is expected to continue leading. The region’s dominance is supported by strong seafood consumption trends, expanding aquaculture activities, and advanced supply chain logistics.
Explore the report store to make a direct purchase of the report
https://www.thebusinessresearchcompany.com/report/frozen-tuna-global-market-report
Frozen Tuna Global Market Report 2024from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries:Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
TheFrozen Tuna Global Market Report 2024byThe Business Research Company is the most comprehensive report that provides insights on frozen tuna market size, frozen tuna market drivers and trends, frozen tuna market major players, competitors’ revenues, frozen tuna marketpositioning, and frozen tuna marketgrowth across geographies.The frozen tuna market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
Browse Through More Similar Reports By The Business Research Company:
Frozen Shrimp Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/frozen-shrimp-global-market-report
Frozen Food Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/frozen-food-global-market-report
Frozen Seafood Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/frozen-seafood-global-market-report
About The Business Research Company ?
The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Global Market Model – Market Intelligence Database
The Global Market Model, The Business Research Company’s flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.
Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Oliver Guirdham
The Business Research Company
+44 20 7193 0708
[email protected]
Visit us on social media:
Facebook
X
LinkedIn
Legal Disclaimer:
EIN Presswire provides this news content “as is” without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
