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 because of their high levels of calcium, vitamin B12, omega-3 fatty acids, and 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 help to improve brain function, lower cholesterol, boost the immune system, lower blood sugar levels, and reduce the risk of Alzheimer’s disease.
since of these advantages, people today regularly consume canned sardines since they are convenient and healthy. Sardines are now advised in the nutrition and health fields for both avoiding and treating a number of disorders. The market for canned sardines is expanding as a result of these growing health benefits.
Manufacturers of canned sardines are concentrating on marketing and selling their products online as the e-commerce industry expands. Can foods’ popularity is expected to rise as more people become aware of their health advantages.
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
Canned Sardines Market By Category
By Product type, Canned Sardines Market is segmented as:
- Smoked
- Cooked
By Flavor, Canned Sardines Market is segmented as:
- 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, Canned Sardines Market is segmented as:
- Organic
- Kosher
- Non GMO
- No Preservatives
- Others
By Distribution Channel, Canned Sardines Market is segmented as:
- Food Service
- HoReCa
- Quick Service Restaurants (Sandwicheries, fast casual)
- Bakeries & Patisseries
- Travel Retail (airplanes, Cruise ships, others)
- Retail
- Hypermarket/Supermarket
- Convenience Stores
- Departmental Stores
- Wholesale Stores
- Mass Grocery Retailers
- Independent Retailers
- Specialty Stores
- Online Retailers
By Region, Canned Sardines Market is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
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Author
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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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.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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