Global Canned Tuna and Sardines market will reach 15087 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2019/6/21

Global revenue of Canned Tuna and Sardines market was around US$ 9661 million in 2017, which is expected to increase at a CAGR of 5.7% over the forecast period, reaching a value worth US$ 15087 million by the end of 2025. Growing disposable incomes in emerging markets, increasing desire for convenience and Growing development of aquaculture technologies, Health benefits associated with the consumption of Canned Tuna and Sardines are considered as some of the primary growth factors for this market.

The leading vendors in the market are Dongwon Group, Bumble Bee Foods, Thai Union Group (TUF), Crown Prince, Inc., Natural Sea, Wild Planet, American Tuna, Century Pacific Food, Frinsa del Noroeste, Hagoromo and etc. Big players occupied most of the market share, while there are also numerous small local vendors presented in each region, which make the Canned Tuna and Sardines market highly competitive among small players. In 2017, top 3 vendors (Dongwon, Century Pacific Food and Thai Union Group) totally occupied about 47.5% market share, based on sales revenue.

Based on product type, the canned Tuna is leading the market (with about 84.9% market consumption share in 2017) for its lower price and widespread customer acceptance, also on account of its superior properties including rich source of lean proteins. In addition, other nutrients offered by the product such as omega 3 fatty acid, that results in the improvement of personal health, is anticipated for increase the consumption.

Canned Tuna and Sardines products are sold mainly across three channels: branded retail; private label/original equipment manufacturer (OEM); and food services. Based on the distribution channel, the market is segmented into Supermarkets and Hypermarkets, Convenience Stores, Online Retailers and etc. Among these Supermarkets and Hypermarkets distribution channel is the major marketing method for Canned Tuna and Sardines, almost 68.2% of Canned Tuna and Sardines are sold through Supermarkets and Hypermarkets in 2017.

Each of the Canned Tuna and Sardines manufacturers has its own mature sales networks. Through retailer and resells, their authorized distributors or their partners, those Canned Tuna and Sardines manufacturers keep keen on expanding their Canned Tuna and Sardines sales. To achieve better sales businesses, Canned Tuna and Sardines manufacturers usually invest on their marketing channel infrastructure every year.

Click to view the full report: https://www.qyresearch.com/index/detail/904028/global-canned-tuna-and-sardines-market

This article was first released by QYResearch, if reproduced, please indicate the source.

Marketing: sales@qyresearchglobal.com

Media Contact: press@qyresearch.com