#Canned #Tuna #Market #Size #Worth #Billion
Newark, Sept. 28, 2022 (GLOBE NEWSWIRE) — As per the report published by The Brainy Insights, the global canned tuna market is expected to grow from USD 7.96 billion in 2021 to USD 11.30 billion by 2030, at a CAGR of 3.97% during the forecast period 2022-2030.
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Given the lower carbon footprint than meat, consumers are turning to seafood as their main source of protein. Tuna contains omega 3, important fatty acids, vitamins, and minerals, making it the ideal source of nutrition for the body. Since there is a lot of tuna in the ocean, processing it is a sustainable activity. Given its status as a convenient food, tuna is among the most popular seafood in the world. Due to their availability in ready-to-eat and ready-to-cook versions, they are very well-liked by the time-constrained millennials worldwide. The growing popularity of ready-to-eat/cook packaged goods is increasing as they are easy to make, time efficient, economical, and accessible. The rising popularity of convenience foods is good news for the canned tuna business. Furthermore, people today, especially those with busy schedules, do not want to sacrifice product quality and seek healthier goods like tuna. Tuna contributes to improving bone health, lowers disease risk by boosting immunity, and speeds up metabolism to encourage growth. The market will develop favorably as more people become aware of the advantages of canned tuna. The demand for canned tuna is also increasing as manufacturers offer the product online for the tech-savvy millennial and gen-Z generation. However, the growing concern about the high levels of mercury in canned tuna and their adverse health effects will restrict the market’s growth. Furthermore, the growing adoption of plant-based nutrition or vegan culture as an ethical and environmental choice for animals and nature will challenge the canned tuna market.
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