Report Overview

Russia Canned Tuna Market - Industry Trends & Forecast Report, 2030

Russia Canned Tuna Market size was estimated to be worth USD 89.13 million in 2023. During the forecast period between 2024 and 2030, Russia Canned Tuna Market size is projected to grow at a CAGR of 2.50%, reaching a value of USD 105.16 million by 2030. Major growth factors for Russia Canned Tuna Market include growing health consciousness, demand for affordable protein sources, and expanding import of tuna in the country. In addition, improving the supply chain and growing availability of canned tuna through online sales platforms are anticipated to drive Russia canned tuna market during the forecast period.

Canned Tuna – Overview

Tuna is a vital component of the marine environment and is regarded as one of the most significant and economically valuable fish. With only 2 grams of fat per 2.5-ounce serving of solid white albacore tuna, tuna is a low-fat protein option. Canned tuna is a tuna that has been cooked, loosened, and preserved in a can with water, oil, sauce, or brine. It's a quick and wholesome seafood that's rich in omega-3 fatty acids, protein, and vitamins and minerals.

Russia Canned Tuna Market

Growth Drivers

Growing Health Consciousness among Consumers

The growing health consciousness among consumers owing to the rising prevalence of various chronic and lifestyle diseases is propelling the demand for canned tuna in Russia. As people become more aware of the health benefits of seafood, particularly the advantages of omega-3 fatty acids on heart health, they decide to incorporate more fish into their daily meals. A good fatty acid content in tuna fish promotes growth and development, which is why they are often recommended to pregnant and breastfeeding women to fulfill their nutritional requirements.

Challenges

Health Risks associated with Canned Tuna Consumption

Canned tuna is an excellent source of protein and other essential nutrients, such as vitamin D. However, high mercury levels in certain tuna fish and high salt content may limit its consumption in the Russian market. A typical tin contains 0.5 g of salt, or 300 mg of sodium, which is a significant amount per 100 g. Diets heavy in salt can raise blood pressure and stroke risk factors. Some tuna species also contain high levels of mercury due to water contamination, which can result in serious ailments, such as damage to the central nervous system. Therefore, children and pregnant people are suggested to avoid it, which may hinder the Russia Canned Tuna Market.

Impact of Escalating Geopolitical Tensions on Russia Canned Tuna Market

Further intensifying and spreading of geopolitical tensions among countries across major regions could adversely affect the growth of Russia Canned Tuna Market. Russia’s invasion on Ukraine led to sanctions, particularly by western nations, which limited the import of canned tuna in the country and leading to shortage of products in the market. Russia also has a long standing import ban of seafood from many Western nations, such as the United States, the United Kingdom, Canada, Australia, and Ukraine, which are in friendlier terms with each other, since 2014. With rising tensions, foreign markets may become less accessible for Russian canned tuna, necessitating a focus on domestic consumption or alternative markets, potentially in Asia or the Middle East.

Russia Canned Tuna Market

Segmental Coverage

Russia Canned Tuna Market – By Product Type

By product type, Russia Canned Tuna Market is segmented into skipjack, yellowfin, bigeye, albacore, bluefin, and others. The skipjack canned tuna segment holds the largest share of Russia Canned Tuna Market owing to its easy and affordability and availability in the market. Furthermore, skipjack tuna species has lower mercury levels compared to others, which makes it safer for frequent consumption. The yellowfin segment also covers a substantial market share because of its firm texture and mind and flavorful taste.

Russia Canned Tuna Market – By Distribution Channel

On the basis of distribution channel, Russia Canned Tuna Market is segmented into supermarkets/hypermarkets, business-to-business (B2B), convenience stores, specialty stores, online, and others. The supermarkets/hypermarkets segment accounts for the largest market share by distribution channel. Supermarkets and hypermarkets offer a wide range of products from various brands as well as offering heavy discounts that attract consumers. The increasing number of supermarkets and hypermarkets across Russia is anticipated to further drive its market growth. The online segment is projected to register the highest growth rate during the forecast period. The increasing smartphone ownership and launch of online platforms are prompting a market shift towards the online segment.

Russia Canned Tuna Market – By End User

Based on end user, Russia Canned Tuna Market is segmented into household/retail consumers, food service (restaurants, cafes, hotels), and institutional use (hospitals, schools). The household/retail consumers segment dominates Russia Canned Tuna Market by end user. Canned tuna emerges as a convenient option for ready-to-eat meals and is extremely versatile as it can be used to prepare a wide range of recipes, including sandwiches, salads, and others. In addition, it is also a great source of protein and offers various health benefits, such as lowering blood pressure and cholesterol because of its omega-3 fatty acids content. The growing health consciousness among consumers acts as a major driver for the growing demand for canned tuna among household/retail consumers.

Competitive Landscape

Major companies in the highly competitive Russia Canned Tuna Market include The Glove Product Company, Dalpro Ryba Ltd, Baltic Prestige LLC, Centre Souvenir, TD Commonwealth of the Sea, TC Island, FOP MSK, and CJSC the Gagarin. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Product Type

• Skipjack

• Yellowfin

• Bigeye

• Albacore

• Bluefin

• Others

By Distribution Channel

• Supermarkets/Hypermarkets

• Business-to-Business (B2B)

• Convenience Stores

• Specialty Stores

• Online

• Others

By End User

• Household/Retail Consumers

• Foodservice (Restaurants, Cafes, Hotels)

• Institutional Use (Hospitals, Schools)

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Russia Canned Tuna Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increasing Awareness of the Health Benefits of Tuna
         2. Highly Convenient and Affordable
         3. Rising Incomes and Urbanization
      2. Restraints
         1. Increasing Competition from Domestic Fish
         2. Growing Concern About the Quality of Canned Tuna
      3. Opportunities
         1. Introducing New Flavors, Varieties, and Packaging Formats
         2. Emphasizing Sustainable Sourcing Practices
         3. Exploring New Markets within Russia
      4. Challenges
         1. Government Policies or Trade Barriers
         2. Fluctuations in Global Tuna Prices
         3. Changes in Food Safety Regulations or Labeling Requirements
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Russia Canned Tuna Market: Marketing Strategies
5. Russia Canned Tuna Market: Pricing Analysis
6. Russia Canned Tuna Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
         1. Skipjack
         2. Yellowfin
         3. Bigeye
         4. Albacore
         5. Bluefin
         6. Others
      2. By Distribution Channel
         1. Supermarkets/Hypermarkets
         2. Business-to-Business
         3. Convenience Stores
         4. Specialty Stores
         5. Online
         6. Others
      3. By End User
         1. Household/Retail Consumers
         2. Foodservice (Restaurants, Cafes, Hotels)
         3. Institutional Use (Hospitals, Schools)
7. Competitive Landscape
   1. List of Key Players and Their Product Types
   2. Russia Canned Tuna Company Market Share Analysis, 2023
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
8. Impact of Escalating Geopolitical Tensions on Russia Canned Tuna Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, and SWOT Analysis)
   1. The Glavproduct Company
   2. Dalpromryba Ltd
   3. Baltic Prestige LLC
   4. Centre Souvenir
   5. TD Commonwealth of the Sea
   6. TC Island
   7. FOP MSK
   8. CJSC the Gagarin
   9. Other prominent players
10. Key Strategic Recommendations
11. Research Methodology
    1. Qualitative Research
       1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.    Breakdown of Primary Research Respondents
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1       Russia Canned Tuna Segmentation

Figure 2       Russia Canned Tuna Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Russia Canned Tuna Market Size, By Value (USD Million), 2019–2030

Figure 5       Russia Canned Tuna Market Share, By Product Type, By Value (USD Million), 2019–2030

Figure 6       Russia Canned Tuna Market Share, By Distribution Channel, By Value (USD Million), 2019–2030           

Figure 7       Russia Canned Tuna Market Share, By End User, By Value (USD Million), 2019–2030                    

List of Tables      

Table 1        Russia Canned Tuna Market Size, By Value (USD Million), 2019–2030

Table 2        Russia Canned Tuna Market Share, By Product Type, By Value (USD Million), 2019–2030

Table 3        Russia Canned Tuna Market Share, By Distribution Channel, By Value (USD Million), 2019–2030 

Table 4        Russia Canned Tuna Market Share, By End User, By Value (USD Million), 2019–2030 

Table 5        The Glavproduct Company: Company Overview

Table 6        The Glavproduct Company Financial Overview

Table 7        Dalpromryba Ltd Company Overview

Table 8        Dalpromryba Ltd Financial Overview

Table 9        Baltic Prestige LLC Company Overview

Table 10      Baltic Prestige LLC Financial Overview

Table 11      Centre Souvenir Company Overview

Table 12      Centre Souvenir Financial Overview

Table 13      TD Commonwealth of the Sea Company Overview

Table 14      TD Commonwealth of the Sea Financial Overview

Table 15      TC Island Company Overview

Table 16      TC Island Financial Overview

Table 17      FOP MSK Company Overview

Table 18      FOP MSK Financial Overview

Table 19      CJSC the Gagarin Company Overview

Table 20      CJSC the Gagarin Financial Overview