South Korea Canned Tuna and Sardines Market was valued at USD 0.8 Billion in 2022 and is projected to reach USD 1.2 Billion by 2030, growing at a CAGR of 5.0% from 2024 to 2030.
The South Korea canned tuna and sardines market has experienced steady growth in recent years, driven by various industries’ demands for these affordable, convenient protein sources. As one of the world’s leading seafood importers and processors, South Korea plays a crucial role in the global canned tuna and sardines industry. These products are essential ingredients for food manufacturers, retail markets, and foodservice providers, contributing to an expanding market share across both domestic and international fronts.
South Korea's reliance on canned tuna and sardines has escalated due to the growing trend of ready-to-eat and processed foods. Consumers increasingly prefer these products for their long shelf life, low cost, and nutritional value. Industries, such as the foodservice sector and retail, require these products in bulk, especially for use in salads, sandwiches, and other quick meals. The ease of storing and preparing canned products makes them a staple in South Korean kitchens, as well as an important commodity for food processing companies.
The canned tuna and sardines market is further driven by an expanding demand from manufacturers of convenience foods and ready-to-eat meals. These industries are keen on sourcing high-quality canned fish products for use in meal kits, snack options, and pre-packaged meals. The ability to ensure a constant supply of tuna and sardines with minimal refrigeration requirements provides businesses with significant operational advantages.
In addition to the food sector, the South Korean pharmaceutical industry also requires canned tuna and sardines, recognizing the health benefits of these products. Rich in omega-3 fatty acids, these fish are widely used in supplement manufacturing, catering to the growing interest in healthy eating and supplements for cardiovascular health.
The South Korea canned tuna and sardines market has a significant impact on the country’s economy, with key players continuously innovating to meet the rising demand. Moreover, with consumer preferences shifting towards sustainable and ethically sourced products, the market is witnessing a trend toward more eco-conscious sourcing and production practices. As a result, industries are adjusting their requirements, looking for traceable, responsibly sourced seafood options to meet these evolving expectations.
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Dongwon
Bumble Bee Foods
Thai Union Group (TUF)
Crown Prince
Inc.
Natural Sea
Wild Planet
American Tuna
Century Pacific Food
Frinsa del Noroeste
Hagoromo
Bolton group
Grupo Calvo
Camil Alimentos
Goody
Al Alali
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Canned Tuna and Sardines Market
Canned Tuna
Canned Sardines
Whole Canned Fish
Fillets
Chunks
Pieces
Can
Glass Jar
Plastic Container
Pouch
Supermarkets/Hypermarkets
Convenience Stores
Online Retail
Specialty Stores
Other Retail Formats
Household Consumption
Food Service Industry
Industrial Use
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Canned Tuna and Sardines Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Canned Tuna and Sardines Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Canned Tuna and Sardines Market, By Type
6. South Korea Canned Tuna and Sardines Market, By Application
7. South Korea Canned Tuna and Sardines Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Canned Tuna and Sardines Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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