The global Canned Sardines Market is set to witness growth at a CAGR of 7.6% and is anticipated to reach a valuation of around USD 14.8 Billion by 2032.
Sardines are one of the healthiest fish selections due to their abundance in calcium, vitamin B-12, omega-3 fatty acids, and a number of other nutrients. Consuming omega-3 fatty acids has been demonstrated to reduce inflammation, which aids in the prevention of heart disease, one of the main causes of death in the US.
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Sardines aid to strengthen the immune system, lower blood sugar levels, lower cholesterol, improve brain function, and minimise the chance of developing Alzheimer’s disease.
People now frequently eat canned sardines since they are convenient and healthy as a result of these benefits. As a result, sardines are now recommended in the health and nutrition sectors for both preventing and treating a variety of diseases. These escalating health advantages are driving the growth of the canned sardine market.
Additionally, as the e-commerce sector grows, manufacturers of canned sardines are focusing on marketing and selling their goods online. As more people become aware of the health benefits of canned foods, their popularity is anticipated to increase.
Additionally, the companies are aiming to produce certified products and make seafood cans recyclable. For businesses, security and transparency are major objectives. In response to the rising demand, businesses are concentrating on providing the highest quality seafood as well as cutting-edge canning technologies that preserve proteins and allow them to be stored for extended periods of time.
Key Takeaways from Market Study
- The market is segmented based on product type, wherein, smoked canned sardines is anticipated to account for around 51.5% of the market share over the forecast period.
- The North American Canned Sardines Market is expected to witness a lucrative growth rate of 6.1% during the forecast period.
- East Asia is inferred to account for 19.8% of the global Canned Sardines Market consumption through 2032.
“Rising demand for seafood with negligible mercury content and high omega-3 and vitamin D is expected to drive the Canned Sardines market.” According to the FMI analyst.
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Competitive Landscape
The demand for canned seafood is being driven by rising concerns about product with both ease of convenience and healthy. Furthermore, as key brands are promoting their brands with sustainable packaging which is environmentally safe and energy-efficient technology, it is likely to have a substantial impact on the market.
Some of the key players operating in the Canned Sardines Market Crown Prine, Santo Amaro, Brunswick, Matiz, MW Polar, Ocean Price, Nuri, Thai, Union Group (TUF), Bumble Bee Food, Natural Sea, Frinsa del Noroeste, Ongreen Thailand Co, Ligo, Wild Planet, Century Pacific Food, Hagoramo and Goody and others
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global Canned Sardines Market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on the canned sardines market by product type (smoked, cooked), by flavor (with olive oil, with sunflower oil, with tomato sauce, with salt and water (brine), with extra virgin oil, others (soy sauce, vegetable oil, natural oil)), by claims organic, kosher, non gmo, no preservatives and others, by distribution channel food service, travel retail, retail & region across seven major regions of the world.
About Food & Beverage Division at Future Market Insights
The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports about the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
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