Thai Union, the world’s leading seller of canned tuna, is steering its growth ambitions towards the pet food sector. Established in 1977, the Bangkok-based company has emerged as Thailand’s largest seafood processor, tapping into the abundant fishing grounds of the western Pacific and Indian Oceans. Renowned for its ability to capitalize on skipjack and other tuna species, Thai Union has been skillfully converting scraps from its tuna canning operations into pet food, marking this as a strategic focus for future expansion.
With over four decades in operation, Thai Union has expanded its reach far beyond Thailand's shores. The company now commands about 20% of the global market, thanks to robust exports to major markets such as the United States and Europe. This international presence has been a cornerstone of Thai Union's growth strategy, allowing it to navigate and thrive in competitive global markets.
Looking to the future, Thai Union aims to significantly enhance its consolidated sales by approximately 80%, targeting $7 billion by 2030. The company plans to achieve this ambitious goal through strategic mergers and acquisitions, with the pet food segment identified as a key driver for this next phase of growth. By leveraging its existing capabilities and expanding into new product lines, Thai Union hopes to capture a larger share of the burgeoning pet food market.
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