Canned Tuna Market 2021
The travel limitations due to the ongoing lockdowns have affected the supply chain across various industry verticals. The food and beverages sector has also been affected due to these limitations in travel. This has led to greater adoption rates for packaged and canned food products across the vegetarian and non-vegetarian forms. Increasing awareness regarding packaged meat and seafood along with advancements in the food supply chain has been influential towards the rise of the canned tuna market across the Middle East and North Africa
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Major Key Players:
Some of the players operating in the Middle East and North Africa canned tuna market are al alali., Altnara Finshing & Fish Canning Co., Bolton Group (Rio Mare), California Garden Products Inc., Century Pacific Food Inc. (Century Tuna), Del Monte Arabia, Golden Grains Foodstuff Trading LLC, Goody, Hayati Group CO., LTD., Legador International DMCC, and Thai Union Group PCL. amongst others.
Key findings of the report:
In terms of sales channel, the indirect channel of sales is expected to be favored by market participants on a greater scale in the recent years. Market participants have been observed to have significantly lower physical presence in the region which makes direct distribution of their products more difficult. As a result, companies are collaborating with distribution partners that can help them with indirect distribution of market offerings across the countries in the region. These initiatives are expected to be adopted over the forecast period.
Flavoured segment has the highest market share in 2018 and is expected to continue the same trend over the forecast period. The same segment is expected to witness the highest growth over the next eight years. Different flavors and approval by FDA and EPA is anticipated to aid the canned tuna market in the future years.
According to type, ready to cook based products are expected to hold significant share in the revenue generated from the market. Major factors for this include the growing use of ready to cook products in newer recipes along with recipes which have newer takes on traditional recipes along with more control offered to the user on the food product for cooking as compared to ready to eat products.
Depending on the countries across the region, Egypt is observed to be the major market for canned tuna. Increasing adoption of tuna in the everyday food products across the country along with improved awareness regarding nutritional benefits of the products is helping the usage trends for the market offerings in the country. On the other hand, Saudi Arabia is expected to witness the highest share over the forecast period.
Market Segmentation
By Tuna Species
Albacore
Skip Jack
Yellowfin
Others
By Type
Ready-to-Eat
Ready-to-Cook
Chunk
Flakes
Solid
Slices
Others
By Product Type
Flavored
Unflavored
By End Use
B2C
B2B
By Sales Channel
Direct
Indirect
By Country
Libya
Saudi Arabia
Egypt
UAE
Israel
Rest of MENA
.…
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