SET-listed Thai Union Frozen Products Plc (TUF), the world's largest canned tuna company, expects annual revenue to rise to US$8 billion by 2020 on continuous growth in global food demand.

Chairman Kraisorn Chansiri said TUF predicts total revenue of $4 billion and $5 billion in 2013 and 2015, respectively.

Last year, TUF posted a 40% increase in turnover to $3 billion. In the first nine months of 2011, TUF's net profit rose 30% year-on-year to 3.5 billion baht on total revenue of 72 billion baht ($2.4 billion), said Mr Kraisorn, who has been dubbed the world's King of Tuna.