Overview:

The MENA canned tuna market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Tuna is a type of fish mostly found in saltwater and the tuna which are processed and sealed in airtight container for longer shelf life and easy transport are called as canned tuna. The canned tuna is good source of omega-3 fatty acids, Vitamin D, proteins, and selenium.

Market Dynamics:

Rising preference shift towards seafood among individuals in the MENA region is a major factor driving growth of the MENA canned tuna market. The canned tuna is rich in vitamins, proteins, and minerals which are essential for human body. In addition, tuna is very delicious in taste and rich in terms on nutritional properties, which is resulting in growing demand for canned tuna in the target market.

Additionally, growing import of canned tuna and processed tuna in the Middle East region is expected to fuel growth of the target market over the forecast period. For instance, as per GLOBEFISH – world fish trade data provider, in 2019, Saudi Arabia and Egypt has witnessed 23.3% and 15.0% growth in processed and canned tuna fish import respectively.

However, high reliance on Southeast Asian and European countries for the supply of canned tuna in the region to meet the growing demand is expected to hamper growth of the target market to a certain extent.

Key Trends:

Introduction and offering of products on online sales platform by major players in order to tap major consumer base is the key trend witnessed in the MENA canned tuna market. In addition, many key players and distributors are advertising their products on various social media and gaming platforms to attract more customers is another trend observed in the target market.

Country Analysis:

For detailed understanding of market dynamics, the MENA canned tuna market is analyzed across key countries viz. Libya, Saudi Arabia, Egypt, UAE, and Israel. Libya holds significant revenue share in the regional market, owing to high consumption of canned tuna in the country. In addition, Saudi Arabia is expected to witness highest growth in the MENA canned tuna market over the forecast period. This is owing to rising number of canned tuna fish suppliers and growing consumption of canned tuna in the country.

Scope of the Report:

Detailed Segmentation:

MENA Canned Tuna Market, By Product Type:

• Flavored
• Unflavored

MENA Canned Tuna Market, By Type:

• Ready-to-Eat
• Ready-to-Cook

MENA Canned Tuna Market, By Tuna Species:

• Albacore
• Skip Jack
• Yellowfin
• Others

MENA Canned Tuna Market, By Sales Channel:

• Direct
• Indirect

MENA Canned Tuna Market, By End User:

• Commercial
• Individual

MENA Canned Tuna Market, By Country:

• Libya
• Saudi Arabia
• UAE
• Egypt
• Israel
• Rest of MENA

Key Players Covered:

Key players operating in the target market include, Oceana Group Limited, Saldanha, Bidvest Namibia Fisheries Holdings (Pty) Limited, Thai Union Group, Kawasho Foods Corporation, Al-Alali, Goody, and Bolton Group.

Key Features of the Study:

Foresight Market Research provides detailed analysis on MENA market in our report- MENA Canned Tuna Market by product type, type, tune species, sales channel, end user, and country. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the MENA canned tuna market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.