Tuna Extract Market

Tuna Extract Market Outlook (2024 to 2034)

The global tuna extract will be valued at US$ 9.8 billion by 2024 end and has been forecasted to expand at a noteworthy CAGR of 5.3% to end up at US$ 16.4 billion by 2034. Powders of tuna extract will be worth around US$ 3.9 billion in 2024 and account for a 39.6% share of the global market.

The tuna extract market has been growing at a remarkable pace because of the health advantages of tuna products among the users. This translation of tuna extracts which is in deeper concentration than ordinary tuna contains a high volume of protein and omega 3 fatty acids alongside other important nutrients easing a variety of applications across fields such as food and beverages, pharmaceuticals, and nutraceuticals. Moreover, the improved cognition about and worrying over health risk factors have also made consumers more anti-obesity strategy oriented hence the need for such resources increases.

In particular, the foods and beverages market has encouraged the manufacture of goods like energy bars, protein shakes, and other functional drinks that contain tuna extract. Furthermore, the potential of tuna extract in management of heart-related diseases, joint pain, and memory-related issues has also attracted the pharmaceutical sector. The market has also capitalized on the technical advancements in the extraction methods that have made the production process cheaper and more efficient.

Report Attributes	Details
Tuna Extract Market Size (2023A)	US$ 9.3 Billion
Estimated Market Value (2024E)	US$ 9.8 Billion
Forecasted Market Value (2034F)	US$ 16.4 Billion
Global Market Growth Rate (2024-2034)	5.3% CAGR
East Asia Market Share (2024)	22.4%
United States Market Growth Rate (2024-2034)	5.7% CAGR
Key Companies Profiled	Empresas Yadran S.A.; Consolidated Sardine (Pty) Ltd; Cargill, Incorporated; Bolton Group; Nippon Suisan Kaisha, Ltd.; Dongwon Industries Co., Ltd.; Bumble Bee Seafoods, LLC; Princes Group Limited; Tri Marine International, Inc.; Beach Cliff Global Seafoods Limited; Austevoll Seafood ASA; Maruha Nichiro Corporation; Sequa Corporation; Grupo Calvo S.L.; Thai Union Group PCL; Other Prominent Players.

Sales Analysis of Tuna Extract (2019 to 2023) vs. Market Forecasts (2024 to 2034)

The value of the tuna extract market was US$ 7.5 billion in 2019 and it will increase to US$ 9.3. billion by 2023, expanding at a CAGR of 5.3%.

• Short Term (2024 to 2028): Between the years 2024 and 2028, the demand for meals high in protein and health consciousness is projected to drive growth in the global market for tuna extract. Natural supplement consumers are most drawn to tuna extract because it contains the necessary amino acids. Because consumers would be more interested in clean-label components, adoption in this phase will be higher owing to functional foods and nutritional supplements. This phase of prosperity will also be supported by the expansion of the seafood processing industry.
• Medium Term (2028 to 2030): Between the years 2028 and 2030, market expansion is anticipated to be propelled by the increasing necessity for sustainable tuna extract sourcing. The consumers along with the governmental agencies will push for green practices which will compel the fisheries to use sustainable fishing methods instead. This change will benefit those companies that embrace ethical sourcing as the market will become more focused on cleanliness and sustainability. Improvement in the extraction processes as a result of technological improvements will also enhance efficiency and the quality of the products.
• Long Term (2030 to 2034): During the period from 2030 to 2034, the global demand for tuna extract is expected to witness considerable growth on account of the rising use of marine ingredients in the development of pharmaceuticals. Tuna extracts containing bioactive substances will be leveraged increasingly in formulating dietary supplements, dietary food products, and functional medical products. The narrative is further justified by an increasing aging population worldwide and shifting focus toward preventive care. The proliferation of biotechnological and marine research activities will enable the development and introduction of new products into the market, guaranteeing the market's long-term viability.

On the back of the aforementioned facts, the tuna extract market is anticipated to grow at a CAGR of 5.3% during the forecast period from 2024-2034, according to the Fact.MR, a market research and competitive intelligence provider.

Market Dynamics

What are the factors propelling global sales of tuna extract?

“Global increase in seafood intake driving demand for extract ingredients.”

The market for drinks with collagen additions is appreciating a rapid growth rate on account Growth in the availability of seafood is one of the factors increasingly driving the consumption of tuna extract ingredients. As the public becomes more oriented towards healthy eating and appreciating the nutritional properties of fish meat such as high protein and essential fatty acids, marine-derived products, their extracts included, have higher demand. Because of its rich nutritional profile that includes high levels of amino acids, omega-3s, and other bioactive components, tuna extract is finding application in various sectors such as functional foods, dietary supplements, and pharmaceuticals.

Many factors are responsible for this upward trend in seafood consumption patterns. Firstly, one of the most evident factors is the change in the food preferences from red meat to white meat and seafood owing to the flexitarian or pescetarian diets and the knowledge that seafood is particularly beneficial for the heart and the brain.

Moreover, with enhanced supply chains and globalization of food, tuna extract and its clinical applications are also on the rise. This is compounded by the increasing emphasis on sustainable practices such as responsible fishing and monitoring along the supply chain which appeals to environmentally friendly customers.

This implies that the increasing consumption of seafood across the globe, also contributes a lot to the growth of the market of tuna extract, especially, to the modern consumers who want both nutrition and ethically produced food.

“Growing consumer preference for minimally processed, additive-free products.”

The tuna extract sector is greatly impacted by customer choices, which indicate a preference for less processed and more natural food. The demand for products free of chemical preservatives and undesired processes has increased due to a growth in health-conscious consumers seeking for cleaner, natural components.

This tendency is well suited for tuna extract, a natural source of nutrient-dense proteins, amino acids, and omega-3 oils. It is customary for guardians of these goods to carefully analyze the contents of the bath and select clean label options that preserve simplicity and ease of acquiring components.

This change is primarily influenced by the idea that foods with fewer ingredients are healthier because they usually possess more of the nutrients that were present in the original form and are less likely to be harmful.

Accordingly, food manufacturers are also meeting the expectations as regards the compositional treatment of tuna extract products, which are also quite fish-oriented in revealing the product’s composition. The increasing trend for clean labeled, non-processed foods is poised to trigger advancements in extraction methods aimed at enhancing product purity and consequently market expansion.

What are the challenges encountered by manufacturers of tuna extract?

“Limited access to advanced extraction technology in developing regions.”

As tuna extract producers can access advanced extraction technology only in limited ways in developing regions, it presents them with a formidable challenge. In several developing regions, older or less effective extraction techniques cause low product outputs and poor quality, which makes it difficult for manufacturers to cope with global competition.

Advanced extraction methods such as enzymatic hydrolysis and supercritical fluid extraction help in attaining higher purity of products and better retention of essential nutrients such as omega 3s, and amino acids that are integral in producing quality tuna extract.

On the other hand, within semi-urban areas where the technological infrastructure is not well developed, the inability to access such modern methods constrains the efficiency and scalability of production. This poses a disadvantage because firms in such developed markets are aided with better technology in the production of products at lower costs and in more hygienic and efficient forms.

Moreover, the cost of purchasing and using augmenting technology becomes very high for small or medium-scale manufacturers, reducing the level at which dissenting regions’ tuna extract market competes globally.

Country-wise Insights

How are US companies to meet the increasing demand for convenient, on-the-tuna extract nutritional supplements?

“Rising demand for tuna extract enriched with marine-based nutrients.”

The market in the United States is estimated at US$ 1.0 billion in 2024 and is projected to expand at a CAGR of 5.7% through 2034. This market is projected to generate a US$ 800 million absolute opportunity from 2024 to 2034.

The tuna goods market has witnessed new customer appreciation over the short past owing to the new lifestyle trends, particularly in health and wellness in the US where products containing marine substances such as tuna extract have become very popular. To keep the body healthy, it is also necessary to eat nutritious food, which is eventually the reason why products that are rich in marine sources such as omega-3 fats, amino acids, and others are gaining a lot of demand in the market.

These products come in handy, particularly for the maintenance of the heart, the brain, the joints, and other organs. As a result, food industries are fortifying these vitamins and minerals into different types of dishes and drinks such as the culinary and beverages that are targeted at the growing health-conscious population in America.

With the help of tuna extract, it becomes easier and simpler for individuals to take care of their diets, especially those who do not eat enough seafood. There is also an increasing popularity of functional foods which are considered to be supportive in maintaining good health and this helps to accelerate the trend.

How do Nordic tuna extract companies compete with larger global manufacturers?

“Stringent Nordic food regulations driving high-quality tuna extract manufacturing.”

In the Nordic region, tuna extract manufacture standards are uplifted due to the very stringent food laws present. These regulations, from the national health and safety agencies, govern every single detail of the production cycle, from procurement all the way to distribution.

Moreover, these stage-fishery management plans protect against unregulated harvesting, provide clean materials, operate within sanitary conditions, and advise on what each product contains. The legal framework not only promotes the production of quality products but also encourages the invention of new methods of production.

Hence processed LDX tuna marketed in Nordic countries tends to be of high quality, copious amounts of which are produced, and is sold overseas with appropriate quality control, as expected with a region known for its health-oriented products.

Category-wise Insights

What is the current global market value for Skipjack Tuna and its projected growth?

The increase in consumption and production across various markets of the Skipjack Tuna products is attributed to several reasons. To begin with, the level of protein intake is increasing across the globe especially in third-world countries thus ushering in an acceptable cheap source of protein namely Skipjack Tuna. Its lower cost as compared to alternative sources of protein makes it preferable to cost-conscious individuals of all sizes and ages.

The easy-to-use Skipjack Tuna products including canned and ready-to-eat products are suited for the busy modern lifestyles where there is a need for a delicious healthy meal in minimal time. Moreover, the nutraceutical properties associated with fish such as Skipjack Tuna which contains omega-3 fatty acids have also enhanced its appeal.

Another reason that contributes to the global popularity of Skipjack Tuna is its use on several occasions from making sandwiches, salads, and even hot dishes. Supported by the growing urbanization and the middle-class demographics in the developing economies, the demand for comforting inexpensive protein sources such as Skipjack tuna, which is nutritious and practical, is likely to continue on the rise thus facilitating the growth of the global skipjack tuna market.

“Rising demand for health supplements, protein, and omega-3 fatty acids.”

The Tuna Extract Powder market is primarily driven by the increasing consumption of health supplements, protein products, and omega-3 fats. Due to the rising popularity of naturally healthy ingredients, consumers are attracted to tuna extract powder that contains high protein and omega-3 fatty acids known to be beneficial to the heart, brain, and the general body. This is mainly because of the increasing focus on preventive healthcare and changes to diet management.

More importantly omega 3s are ‘hot’ commodities because of their antioxidant values and their influence on chronic diseases. In addition, the rise of the protein supplements sector, courtesy of the demand for help from the fitness and wellness markets, has enhanced the application of tuna extract powder in other products such as dietary supplements, nutraceuticals, and functional foods. This trend is very likely to aid the growth of the market shortly.

What is driving the increased demand for tuna extract powder in the global nutraceuticals market?

“Demand for natural, high-quality protein in dietary supplements and functional foods.”

The dietary supplement and functional food market has been growing due to the better quality of the dietary protein people have turned to. Due to the rising tide of people looking for clean and natural products, tuna extract powder which is well known for its high bioavailable protein is also gaining much popularity. Because protein is essential for muscle recovery, proper immune function, and energy utilization, especially among athletes, fitness-oriented individuals, and the senior population, its incorporation in dietary supplement products is paramount.

The clean label trend, which looks into the content and processing intensity of foods, is one of the reasons why more non-meat protein sources such as core tuna extracts have been incorporated into functional food products. Furthermore, this demand is partly attributed to the growing need for sustainability on a global scale and the requirement for plant-based protein sources without the use of dairy products, which explains the positioning of tuna powdered extract as a desirable product in the region.

Competitive Landscape & Market Developments

Market players in the tuna extract market are Empresas Yadran S.A., Consolidated Sardine (Pty) Ltd, Cargill, Bolton Group, Nippon Suisan Kaisha, Ltd., Dongwon Industries Co., Ltd., Bumble Bee Seafoods, LLC, Princes Group Limited., Tri Marine International, Inc., Beach Cliff Global Seafoods Limited, Austevoll Seafood ASA, Maruha Nichiro Corporation, Sequa Corporation and other market players.

• Nippon Suisan Kaisha, Ltd. (Nissui): In Aug 2023, Nissui has been making several efforts to care for the environment. In August, the corporation pointed out its ongoing effort in issues such as decarburization and sustainable use of ocean resources. Continues research and development work in Nissui, focusing on aquaculture as the least harmful way of exploiting ocean resources. These activities are also in line with the current practices of global fisheries and resource management.
• Cargill: In Apr 2023, Cargill has been concentrating on developing fresh sustainable seafood solutions. In April, it announced that it would be looking to increase its provision of fish oils and proteins, more especially tuna product lines, to meet the growing global craving for plant proteins. Part of Cargill’s strategy includes innovation in the feed and protein sectors with regard to seafood.
• Dongwon Industries Co., Ltd.: By Sep 2023, Dongwon Industries is one of the key players and has been making investments in growing its footprints globally. In September the company introduced new partnerships in Europe designed to help manage the traceability of its tuna products. This is also part of a bigger movement towards sourcing that is more responsible and transparent.

Fact.MR has provided detailed information about the price points of key manufacturers of tuna extract positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Tuna Extract Market Research

• By Product Type :

  • Powder
  • Liquid
  • Others

• By Tuna species Type :

  • Yellowfin Tuna
  • Skipjack Tuna
  • Albacore Tuna
  • Bigeye Tuna

• By Application :

  • Food & Beverages
  • Pharmaceuticals
  • Nutraceuticals
  • Cosmetics
  • Animal Feed

• By Distribution Channel :

  • Direct Sales
    • Manufacturer to Industrial Users
    • Manufacturer to Bulk Purchasers
    • Manufacturer to Research Institutions
  • Indirect Sales
    • Supermarkets/Hypermarkets
    • Specialty Stores
    • Online Retail
    • Convenience Stores
    • Department Stores
    • Drugstores
    • Others

• By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa