USA Canned Tuna Market Outlook to 2030

Region:North America

Author(s):Shubham Kashyap

Product Code:KROD3949

Published On

December 2024

Total pages

86

About the Report

USA Canned Tuna Market Overview

  • The USA Canned Tuna market is experiencing steady growth, valued at USD 3.2 billion, driven by rising demand for convenient and affordable protein sources. The market is supported by increasing consumer preference for shelf-stable, ready-to-eat food products. Additionally, the trend towards healthier lifestyles is pushing demand for high-protein, low-fat products, further driving the canned tuna market.

USA Canned Tuna Market Size

  • Major cities like New York, Los Angeles, and Chicago dominate the USA canned tuna market. These cities are leading due to the high population density, greater access to retail stores, and a higher demand for convenient and affordable food options. Moreover, the presence of large supermarket chains and specialty grocery stores in these areas further fuels the market's growth, catering to both mainstream and niche consumer segments.
  • The U.S. Food and Drug Administration (FDA) ensures strict regulatory standards for canned tuna products, focusing on food safety and labeling compliance. Recent efforts by the FDA to enforce stricter mercury limits in seafood have encouraged canned tuna manufacturers to adopt safer fishing and processing practices, enhancing the safety profile of their products.

USA Canned Tuna Market Segmentation

  • By Type of Tuna: The market is segmented by type of tuna into albacore, skipjack, and yellowfin. Albacore, known for its mild flavor and white meat, dominates the U.S. canned tuna market, accounting for over 40% of sales in 2023. Consumers prefer albacore for its perceived premium quality and health benefits. Skipjack tuna, though less expensive, is also highly popular due to its strong flavor and lower mercury levels, making it an attractive option for budget-conscious consumers. Yellowfin tuna, while a smaller segment, is gaining popularity for its rich flavor and higher protein content, appealing to health-conscious individuals.

USA Canned Tuna Market Segmentation by Tune Type

  • By Distribution Channel: The market is segmented by distribution channel into supermarkets, online stores, and specialty food stores. Supermarkets lead the distribution segment, accounting for nearly 60% of canned tuna sales in 2023, driven by the availability of a wide range of products and frequent promotions. Online stores are rapidly gaining market share, fueled by the increasing trend of online grocery shopping and direct-to-consumer sales models. Specialty food stores, though a smaller channel, cater to niche markets offering premium and sustainably sourced canned tuna, appealing to environmentally conscious consumers.

USA Canned Tuna Market Segmentation by Distribution Channel

USA Canned Tuna Market Competitive Landscape


The USA Canned Tuna market is highly competitive, with several key players focusing on sustainability, product innovation, and competitive pricing to gain market share. Major players include Bumble Bee Foods, StarKist, Chicken of the Sea, and Wild Planet Foods. These companies are actively working towards enhancing their supply chain efficiency and adopting environmentally friendly fishing practices to cater to the rising consumer demand for sustainable seafood.

Company Name

Establishment Year

Headquarters

No. of Employees

Revenue (USD)

Key Products

Sustainability Focus

Technological Innovation

Distribution Reach

Partnerships

Bumble Bee Foods

1899

San Diego, CA

             

StarKist

1917

Pittsburgh, PA

             

Chicken of the Sea

1914

El Segundo, CA

             

Wild Planet Foods

2004

McKinleyville, CA

             

American Tuna

2005

Point Loma, CA

             

USA Canned Tuna Industry Analysis

Growth Drivers

  • Increased Demand for Convenient Protein Sources: In 2023, the US saw a rise in demand for convenient protein-rich food options due to changing lifestyles and busy schedules. Canned tuna, which is shelf-stable and easy to prepare, became a favored option, with over 88 % of American households reporting regular consumption of canned fish. The US Department of Agriculture reported an increase in tuna production by 5% in 2022 to meet this rising demand. As of 2024, the growing preference for high-protein, easy-to-store foods continues to bolster the canned tuna market. The protein content per can typically ranges from 22g to 25g, a substantial source for daily intake.
  • Shift Towards Health-Conscious Diets: Health-conscious consumers in the US are increasingly opting for low-fat, high-omega-3 options like canned tuna, as indicated by the National Institutes of Health. Omega-3 consumption rose by 4% in 2023 as more Americans sought heart-healthy foods. The average American now consumes 1.4g of omega-3 fatty acids daily from seafood sources like tuna. This aligns with dietary shifts favoring low-fat, nutrient-rich foods. Canned tuna fits within these dietary preferences, driving consistent demand for both regular and premium tuna products.
  • Sustainability and Traceability Requirements: Sustainability has become a key consumer requirement in the US canned tuna market, with the majority of consumers preferring Dolphin-Safe certified products in 2023. The Marine Stewardship Council (MSC) reported a 6% increase in certifications issued to tuna suppliers in the US between 2022 and 2023. Strict traceability protocols ensure consumers receive sustainably sourced tuna, aligning with global sustainability goals set by NOAA. Tuna harvested under these certifications represented 60,000 tons of the total US canned tuna market in 2023, emphasizing the importance of traceability for modern consumers.

Market Challenges

  • Concerns Over Mercury Content: One of the major challenges facing the canned tuna market is consumer concern over mercury levels in tuna. While the FDA has set regulatory limits on mercury content in seafood, ongoing health concerns have led some consumers to avoid canned tuna, especially for pregnant women and young children. Manufacturers are addressing these concerns by focusing on low-mercury species like skipjack and promoting responsible consumption guidelines.
  • Competition from Plant-Based Alternatives: The rise of plant-based protein products is presenting a challenge for the traditional canned tuna market. With plant-based seafood alternatives gaining traction among vegan and environmentally conscious consumers, companies in the canned tuna market are facing increased competition. However, some canned tuna brands are diversifying their product lines to include plant-based seafood alternatives to appeal to this growing consumer base.

USA Canned Tuna Market Future Outlook


The USA Canned Tuna market is expected to continue its steady growth trajectory through 2028, driven by increasing demand for affordable, convenient protein options and growing awareness of sustainable fishing practices. Companies are likely to focus on expanding their product lines to include more premium and sustainably sourced offerings, while also addressing concerns over mercury levels through better consumer education.

Future Market Opportunities

  • Introduction of Value-Added Products: The US canned tuna market is experiencing innovation with value-added products like flavored and gourmet tuna options. In 2022, sales of these products rose substatially with flavors such as lemon pepper, garlic herb, and spicy varieties gaining popularity among younger consumers. Manufacturers have also introduced gourmet lines that include sustainably sourced yellowfin tuna packaged in olive oil, catering to a more discerning consumer base. Value-added products now make up 22% of the canned tuna market, offering growth potential for premium brands.
  • Expansion into Emerging Health Segments: Canned tuna is increasingly being marketed to health-focused consumer segments like those following keto and paleo diets. The USDA reports that in 2023, around 9 million Americans adhered to the keto diet, with canned tuna often promoted as a low-carb, high-protein option. This trend has spurred product innovations such as no-sugar-added, oil-free, and organic canned tuna varieties, creating new avenues for market expansion. The rising popularity of these diets, especially among younger demographics, presents opportunities for brands to cater to niche health segments.

Scope of the Report

By Type of Tuna

Albacore

Skipjack

Yellowfin

By Product Type

Flavored Tuna

Regular Tuna (Brine, Oil-Packed)

Gourmet/Organic Tuna

By Distribution Channel

Supermarkets/Hypermarkets

Online Retailers

Specialty Stores

Convenience Stores

By Packaging Type

Canned

Pouched

Bulk

By Region

Northeast

Midwest

Southern

Western

Products

Key Target Audience

  • Supermarkets/Hypermarkets

  • Online Retailers

  • Specialty Stores

  • Investors and Venture Capitalist Firms

  • Government and Regulatory Bodies (FDA, NOAA Fisheries)

  • Tuna Processors and Manufacturers

  • Sustainability and Environmental Organizations

  • Health-Conscious Consumer Groups

  • Banks and Financial Institutions

Companies

Major Players Mentioned in the Report

  • Bumble Bee Foods

  • StarKist

  • Chicken of the Sea

  • Wild Planet Foods

  • American Tuna

  • Ocean's Halo

  • Genova Seafood

  • Safe Catch

  • Natural Sea

  • Trader Joes (Private Label)

  • Whole Foods 365 (Private Label)

  • Costco Kirkland Signature (Private Label)

  • Aldi Northern Catch (Private Label)

  • Walmart Great Value (Private Label)

  • Crown Prince Seafood

Table of Contents

1. USA Canned Tuna Market Overview

1.1. Definition and Scope
1.2. Market Taxonomy
1.3. Market Growth Rate (Shelf-Stability, Health Focus, High-Protein Demand)
1.4. Market Segmentation Overview

2. USA Canned Tuna Market Size (In USD Bn)

2.1. Historical Market Size
2.2. Year-On-Year Growth Analysis (Price Sensitivity, Consumer Preferences)
2.3. Key Market Developments and Milestones

3. USA Canned Tuna Market Analysis

3.1. Growth Drivers
3.1.1. Increased Demand for Convenient Protein Sources
3.1.2. Shift Towards Health-Conscious Diets (Low-Fat, Omega-3 Demand)
3.1.3. Sustainability and Traceability Requirements (Dolphin-Safe Certification, MSC Certification)
3.1.4. Rise of Private Label Products (Supermarket Chains Driving Sales)
3.2. Market Challenges
3.2.1. Mercury Content Concerns (FDA Mercury Regulations)
3.2.2. Competition from Plant-Based Alternatives (Vegan, Vegetarian Seafood Substitutes)
3.2.3. Price Volatility in Raw Materials (Tuna Supply Chain)
3.3. Opportunities
3.3.1. Growth of Online Sales Channels (Direct-to-Consumer)
3.3.2. Introduction of Value-Added Products (Flavored, Gourmet Canned Tuna)
3.3.3. Expansion into Emerging Health Segments (Keto, Paleo Diets)
3.4. Trends
3.4.1. Consumer Shift Towards Sustainable Sourcing
3.4.2. Innovations in Packaging (BPA-Free, Recyclable Cans)
3.4.3. Increasing Private Labels and Store Brands
3.5. Government Regulations
3.5.1. FDA Compliance on Mercury and Food Safety
3.5.2. Sustainability Regulations (NOAA Fisheries Management, Marine Stewardship)
3.5.3. Labeling Requirements (Country of Origin, Dolphin-Safe Labeling)
3.6. SWOT Analysis
3.7. Stake Ecosystem
3.8. Porters Five Forces Analysis
3.9. Competition Ecosystem

4. USA Canned Tuna Market Segmentation

4.1. By Type of Tuna (In Value %)
4.1.1. Albacore
4.1.2. Skipjack
4.1.3. Yellowfin
4.1.4. Bigeye
4.2. By Product Type (In Value %)
4.2.1. Flavored Tuna
4.2.2. Regular Tuna (Brine, Oil-Packed)
4.2.3. Gourmet/Organic Tuna
4.3. By Distribution Channel (In Value %)
4.3.1. Supermarkets/Hypermarkets
4.3.2. Online Retailers
4.3.3. Specialty Stores
4.3.4. Convenience Stores
4.4. By Packaging Type (In Value %)
4.4.1. Canned
4.4.2. Pouched
4.4.3. Bulk
4.5. By Region (In Value %)
4.5.1. Northeast
4.5.2. Midwest
4.5.3. Southern
4.5.4. Western

5. USA Canned Tuna Market Competitive Analysis

5.1 Detailed Profiles of Major Companies
5.1.1. Bumble Bee Foods
5.1.2. StarKist
5.1.3. Chicken of the Sea
5.1.4. Wild Planet Foods
5.1.5. American Tuna
5.1.6. Ocean's Halo
5.1.7. Genova Seafood
5.1.8. Safe Catch
5.1.9. Natural Sea
5.1.10. Trader Joes (Private Label)
5.1.11. Whole Foods 365 (Private Label)
5.1.12. Costco Kirkland Signature (Private Label)
5.1.13. Aldi Northern Catch (Private Label)
5.1.14. Walmart Great Value (Private Label)
5.1.15. Crown Prince Seafood
5.2 Cross Comparison Parameters (No. of Employees, Headquarters, Market Share, Revenue, Key Partnerships, Sustainability Initiatives, Product Innovation, R&D Spending)
5.3. Market Share Analysis (In Value %)
5.4. Strategic Initiatives (Product Expansion, Sustainability Certifications)
5.5. Mergers and Acquisitions
5.6. Investment Analysis
5.7. Venture Capital Funding
5.8. Private Equity Investments

6. USA Canned Tuna Market Regulatory Framework

6.1. FDA Mercury Compliance and Food Safety Standards
6.2. NOAA Fisheries Management Policies
6.3. Marine Stewardship Council Certification Process
6.4. Labeling Regulations (Dolphin-Safe, Product Source)

7. USA Canned Tuna Market Future Size (In USD Bn)

7.1. Future Market Size Projections
7.2. Key Factors Driving Future Market Growth

8. USA Canned Tuna Market Future Segmentation

8.1. By Type of Tuna (In Value %)
8.2. By Product Type (In Value %)
8.3. By Distribution Channel (In Value %)
8.4. By Packaging Type (In Value %)
8.5. By Region (In Value %)

9. USA Canned Tuna Market Analysts Recommendations

9.1. TAM/SAM/SOM Analysis
9.2. Customer Cohort Analysis
9.3. Marketing Initiatives
9.4. White Space Opportunity Analysis

Disclaimer Contact Us

Research Methodology

Step 1: Identification of Key Variables


The initial phase involves constructing an ecosystem map encompassing all major stakeholders within the USA Canned Tuna Market. This step is underpinned by extensive desk research, utilizing a combination of secondary and proprietary databases to gather comprehensive industry-level information. The primary objective is to identify and define the critical variables that influence market dynamics.

Step 2: Market Analysis and Construction


In this phase, we will compile and analyze historical data pertaining to the USA Canned Tuna Market. This includes assessing market penetration, the ratio of supermarkets to specialty stores, and the resultant revenue generation. Furthermore, an evaluation of sustainability initiatives will be conducted to ensure the reliability and accuracy of market projections.

Step 3: Hypothesis Validation and Expert Consultation


Market hypotheses will be developed and subsequently validated through computer-assisted telephone interviews (CATIs) with industry experts representing a diverse array of companies. These consultations will provide valuable operational and financial insights directly from industry practitioners, which will be instrumental in refining and corroborating the market data.

Step 4: Research Synthesis and Final Output


The final phase involves direct engagement with multiple canned tuna manufacturers to acquire detailed insights into product segments, sales performance, consumer preferences, and other pertinent factors. This interaction will serve to verify and complement the statistics derived from the bottom-up approach, thereby ensuring a comprehensive, accurate, and validated analysis of the USA Canned Tuna market.

Frequently Asked Questions

01 How big is the USA Canned Tuna Market?

The USA canned tuna market is valued at USD 3.2 billion, driven by consumer demand for affordable, convenient protein options and the increasing awareness of healthy eating.

02 What are the key drivers in the USA Canned Tuna Market?

Key drivers in the USA canned tuna market include the growing demand for high-protein, low-fat foods, increased health awareness, and the preference for convenient, ready-to-eat meal solutions.

03 Who are the major players in the USA Canned Tuna Market?

Major players in the USA canned tuna market include Bumble Bee Foods, StarKist, Chicken of the Sea, Wild Planet Foods, and American Tuna. These companies dominate through their extensive distribution networks and sustainable sourcing practices.

04 What challenges does the USA Canned Tuna Market face?

The USA canned tuna market faces challenges such as consumer concerns over mercury levels in tuna, increasing competition from plant-based alternatives, and fluctuations in raw material costs.

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