The Europe Tuna Fish Market would witness market growth of 2.8% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 1250.7 Killo Tonnes, showcasing a growth of 3.3% (2019-2022).
The market has seen advancements in the traceability and transparency of the supply chain. Consumers are increasingly interested in the origins of their food, and the tuna industry has responded by implementing better tracking and labeling systems. This has led to a greater focus on the provenance of tuna, assuring consumers that the product they are purchasing meets certain environmental and ethical standards. The use of blockchain technology and QR codes is emerging as a means to provide detailed information about a specific can or package of tuna, from the vessel that caught it to the processing facility and beyond.
The sustainability movement within the market has also given rise to various certification programs. Perhaps the most well-known is the Marine Stewardship Council (MSC), which has certified several tuna fisheries and is recognized as a leading standard for sustainable seafood. These certifications help consumers make informed choices and provide incentives for tuna fishing operations to adhere to responsible practices.
According to a 2019 European Market Observatory for Fisheries and Aquaculture Products (EUMOFA) study, it is the most popular marine food on the continent. The amount of tuna consumed per person in the EU is reportedly 3.07 kg, up from 2.78 kg in 2018. Just 0.83% of the tuna that Europeans eat is farmed; the remaining 99.2% is obtained from the wild. Thus, the increasing consumption of tuna in this region will aid in the expansion of the market in the coming years.
The Germany market dominated the Europe Tuna Fish Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,961.2 Million by 2030. The UK market is exhibiting a CAGR of 1.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 3.6% during (2023 - 2030).
Based on Type, the market is segmented into Canned, Fresh, and Frozen. Based on Species, the market is segmented into Skipjack, Albacore, Yellowfin, Bigeye, Bluefin, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Tuna Fish Market will Hit USD 51.1 Billion by 2030, at a CAGR of 3.3%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Bolton Group, Century Pacific Foods Inc., The Jealsa Rianxeira S.AU. Group, ITOCHU Corporation, Thai Union Group PLC, Dongwon Enterprises Co. Ltd., IBL Ltd., F.C.F. Fishery Co., Ltd., SEA DELIGHT, LLC, and High Liner Foods.
By Type (Volume, Killo Tonnes, USD Million, 2019-2030)
By Species (Volume, Killo Tonnes, USD Million, 2019-2030)
By Country (Volume, Killo Tonnes, USD Million, 2019-2030)
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