The global Canned Sardines Market is expected to develop at a compound annual growth rate (CAGR) of 7.6% and reach a valuation of around USD 14.8 billion by 2032.
Sardines are among the healthiest fish selections due to their high amounts of calcium, vitamin B12, omega-3 fatty acids, and other minerals. Consuming omega-3 fatty acids has been demonstrated to lower inflammation, which helps prevent heart disease—one of the biggest causes of death in the US—from occurring.
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In addition to boosting immunity, lowering blood sugar, lowering cholesterol, and lowering the risk of Alzheimer’s disease, sardines also aid to improve brain function.
Because of these benefits, individuals often eat canned sardines because they are a convenient and healthful food option. In the realms of nutrition and health, sardines are increasingly recommended for the prevention and treatment of several illnesses. These increasing health benefits are driving up the market for canned sardines.
As the e-commerce sector grows, producers of canned sardines are focusing on marketing and selling their goods online. It is anticipated that can foods will grow more popular as more people learn about their health benefits.
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
To learn more about the trends and opportunities in the canned sardines market in various regions, including food service, retail, and more, request a customised report :
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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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