| Product Code: ETC388231 | Publication Date: Aug 2022 | Updated Date: Jun 2024 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The tuna market in Sri Lanka is vital for the fisheries and seafood industry. Tuna is a major export product, contributing significantly to the country`s economy. The market growth is driven by the increasing global demand for seafood, sustainable fishing practices, and advancements in processing and packaging technologies.
Growth is fueled by seafood industry expansion, international trade in canned tuna products, and consumer preference for protein-rich seafood.
The Tuna market faces challenges such as the high cost of sustainable fishing practices and the need for reliable supply chains to meet consumer demands. Ensuring compliance with environmental and regulatory standards, especially regarding overfishing and sustainability, is a significant concern. The market also deals with competition from alternative seafood products, which can impact its growth.
Fisheries policies and regulations on sustainable fishing practices influence this market. Government initiatives to promote sustainable tuna fishing and support local fisheries are key drivers.