Canned sardines or any canned seafood has come a long way to become one of the must-haves in the grocery list of the general populace. With more people consuming canned sardines for their nutritional abundance, the global market valuation is in line to surpass USD 8,183.31 million in 2024. These sardines are perceived as a healthy dose of vitamins, amino acids, and calcium packed in a tin.
Long coastlines in countries like India, the United States, China, and Japan have also led to the enormous consumption of canned sardines, leading to a healthy growth rate of 7.50% CAGR through 2034. Advancements in processing methodologies have also positively contributed to the increased consumption in these countries.
Export-oriented production by countries like Portugal, Spain, Thailand, etc., is slated to take the market valuation to an outstanding USD 16,833.18 million by the end of 2034. With social media influencers actively promoting the ‘fish in a tin’ trend and the health benefits of smoked sardines over other seafood, the market is likely to experience an upsurge in the coming decade.
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Key Takeaways from the Market Study
- The smoked segment dominates the canned sardine market with an expected share of 58.60% in 2024.
- Based on the distribution channel, the hypermarket/supermarket segment leads the canned sardine industry with an anticipated share of 23.50% in 2024.
- The canned sardine industry in India is anticipated to grow at a CAGR of 7.30% through 2034.
- The canned sardine industry in China is estimated to rise at 6.80% CAGR through 2034.
- The canned sardine industry in the United States has the potential to increase at 4.50% CAGR through 2034.
- The Japan canned sardine industry is predicted to rise by 7.60% CAGR through 2034.
- The canned sardine market in Germany is in line to grow at a CAGR of 3.50% through 2034.
Key Companies :
- Wild Planet
- 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
- King Oscar
- Others
“Sustainability, like other industries, has also influenced the canned sardine market. This is why companies involved in the processing of canned sardines are implored to embrace sustainable practices right from sourcing to packaging”, – Nandini Roy Choudhury, Client Partner at Future Market Insights
The canned sardine market is gaining momentum due to the health benefits being promoted by social media influencers.
- Key companies in the market have invested billions of dollars to expand their consumer base and take advantage of this opportunity.
- The emergence of e-commerce platforms has further benefitted the market.
- Companies are embracing environment-friendly fishing practices to fulfill the demands of eco-conscious consumers.
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Recent Developments:
- In August 2023, Comur, a Portuguese sardine company, opened a glitzy bookshop-style store in Times Square selling sardine tins dating back to 1916, including $44 gold-flecked options.
- Melbourne welcomed Aussie Craft Tinned Fish at Blackhearts & Sparrows and Skinner & Hackett in November 2023.
- Little Tin Co. launched in South Australia in August 2023 as Australia’s sole craft cannery, offering sustainable canned seafood with a focus on sardines.
Country-wise Insights
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Key Segments of the Canned Sardine Industry
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
- Others
By Distribution Channel:
- Food Service
- HoReCa
- Quick Service Restaurants
- 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:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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