U.S. tuna market trends

Published 2022년 8월 16일

Tridge summary

The US fish and seafood retail market is projected to grow at a CAGR of 5% from 2021 to 2026, reaching $37.5 billion, with the fish retail market expected to grow to $11.187.4 million. In 2021, tuna and fish meat imports increased by 17% to $422.7 million, with Indonesia and Vietnam being the top exporters. The market is dominated by companies such as Trident Seafoods and Tri Marine International, with most sales (95%) made through offline channels. Online sales have been steadily increasing. To import to the US, food producers must comply with FDA regulations, including production base registration and local agent designation. The COVID-19 pandemic has led to increased demand for healthier food sources, including fish and seafood, and alternative meat products, potentially intensifying competition in the industry.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Growing health awareness and growing demand Fish retail market expected to grow at a CAGR of 5% until 2026 In 2021, imports of Korean tuna fish meat increased by 70% compared to the previous year Comply with FDA import regulations and follow US food industry trends According to the “US Fish and Seafood Market Report” by Euromonitor, a global market research institute, the total retail size of the US fish and seafood market in 2021 is estimated to be about 28.4 billion dollars, up 12.3% from 2020. The market is divided into crustaceans, fish, molluscs, and cephalopods. Among them, the size of the fish retail market increased by 11.8% year-on-year to about $8.679 billion. The sales volume of the fish retail market in 2021 is about 630,000 tons, which also increased by about 3.1% from the previous year. The overall fish and seafood retail market is expected to grow to about $37.5 billion by 2026, and the retail fish market is expected to grow at a CAGR of 5.2% until 2026 to reach ...

Source: Fisheco