Global Canned Sardines Market is valued at approximately USD 8.40 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.30% over the forecast period 2022-2029. Canned Sardines is a ready-to-eat version of sardine fish which is made with oil and sauces. Sardine is a nutrition rich small, oily fish. It is considered as a great source of Omega 3 fatty acids, calcium and Vitamin D. This fish does not contain a high amount of mercury. The average size of Sardine ranges between 15 to 30 cm (6 to 12 inches). Sarine is a saltwater fish & mostly found in different parts of Pacific and Indian oceans. The increasing consumption of seafood worldwide and growing awareness towards the health benefits of Sardine Fish as well as strategic initiatives from leading market players are key factors accelerating the market growth.
The growing consumption of seafood globally is contributing to the growth of the Global Canned Sardines Market. For instance, according to Statista - in 2021, the global seafood market was valued at USD 253 billion, and the market is projected to grow to USD 336 billion by 2025. Moreover, as per Statista - as of 2022, the revenue in the worldwide Processed Fish & Seafood segment is estimated at USD 157.60 billion, and the market is projected to grow annually by CAGR of 9.09 % between 2022 & 2027 to reach USD 243.49 billion towards the end of the year 2027. Also, rising emergence of ready-to-eat food products and growing number of health-conscious individuals would create a lucrative growth prospectus for the market over the forecast period. However, the high cost associated with Canned Sardines stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Canned Sardines Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of global market share owing to the presence of leading market players as well as increasing consumption of Sardine fish in the region. Whereas Asia Pacific is expected to grow at the highest CAGR during the forecast period, owing to factors such as rising consumption of seafood as well as increasing demand for ready-to-eat food products coupled with rising expansion of food processing industry in the region.
Major market players included in this report are:
Ligo
Camil Alimentos
Century Pacific Food
chicken of the sea
Dongwon
frinsa del noroeste S.A.
Grupo Calvo
Safe Catch
Thai Union Group PCL.
Season Sardines
Recent Developments in the Market:
In August 2021, Parchal, Portugal -based canned food company Saboreal launched its "first canned sardine in the Western Algarve. This new product would be available for purchase through a selected range of restaurants and stores and online at www.conserveiradoarade.com.
In January 2022, New York based Minnow, a tinned seafood company rolled out its inaugural line of products. The company launched three canned fish products named Alaskan salmon, Icelandic cod liver, and Spanish sardines. Moreover, the company has sourced sardines from Spain's Basque Country and would be priced at USD 11.00 (EUR 9.86) for a 4.2-ounce tin.
Global Canned Sardines Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Processing, Application, Distribution Channel, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Processing
Oil
Sauce
Others
By Application
Households
Commercial
By Distribution Channel
Supermarkets and Hypermarkets
Convenience Stores
Specialty Stores
Online Sales Channel
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
ROLA
Rest of the World