What Fueled The Previous Growth In The Canned Sardines Market?
The canned sardines market has seen considerable growth due to a variety of factors.
• The canned sardines market has experienced strong growth in recent years. It will increase from $9.81 billion in 2024 to $10.76 billion in 2025, at a compound annual growth rate (CAGR) of 9.7%.
This growth is due to the convenience and appeal of ready-to-eat foods, sustainability concerns, transparency, increased adoption, and the shelf stability of sardines.
What Is The Expected Growth In The Canned Sardines Market Size Evolve over the Forecast Period?
The canned sardines market is expected to maintain its strong growth trajectory in upcoming years.
• The canned sardines market is expected to reach $15.48 billion by 2029, growing at a CAGR of 9.5%.
Factors driving growth include increased adoption of canned sardines, the use of the internet and smartphones, rising demand for ethical and eco-conscious products, growing awareness of health benefits, and the influence of culinary trends. Trends include innovative packaging and flavors, preference for sustainably sourced seafood, quality control and traceability, product innovations, and the adoption of sustainable fishing practices.
What Main Forces Are Fueling Expansion In The Canned Sardines Market?
The growing demand for processed foods is expected to accelerate the growth of the canned sardines market. Processed foods are altered from their natural state for preservation and flavor enhancement. Increasing demand is driven by changes in consumer lifestyles, food preferences, and busy schedules. Canned sardines offer convenience and quick meal solutions. For instance, in 2023, U.S. exports of processed food products increased by 1.7% to $36.59 billion. This rise in processed food consumption is benefiting the canned sardines market.
What Are The Primary Segments In The Global Canned Sardines Market?
The canned sardines market covered in this report is segmented –
1) By Product Type: Smoked, Cooked
2) By Flavor: Olive Oil, Sunflower Oil, Tomato Sauce, Salt And Water, Extra Virgin Oil, Other Flavors
3) By Claims: Organic, Kosher, Non-Genetically Modified Organisms (GMO), No Preservatives, Other Claims
4) By Distribution Channel: Food Services, Hypermarket And Supermarket, Convenience Stores, Specialty Stores, Other Distribution Channels
5) By Application: Households, Commercial
Subsegments:
1) By Smoked: Smoked Sardines In Oil, Smoked Sardines In Tomato Sauce, Smoked Sardines In Mustard Sauce, Smoked Sardines In Spicy Sauces
2) By Cooked: Cooked Sardines In Oil, Cooked Sardines In Tomato Sauce, Cooked Sardines In Mustard Sauce, Cooked Sardines In Chili Sauce, Cooked Sardines In Garlic Sauce
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How Are Emerging Trends Reshaping The Dynamics Of The Canned Sardines Market?
Companies in the canned sardines market are developing sustainable sardines to address environmental issues, improve supply chain transparency, and meet growing demand for eco-friendly products. Sustainable canned sardines are harvested, processed, and packaged to ensure long-term environmental health, promoting marine ecosystems and future fish availability. For example, Ocean Brands, a Canada-based company, launched a line of sustainably sourced sardines and mackerel fillets in 2022, aimed at U.S. consumers seeking convenient, eco-friendly options.
Who Are the Key Players In The Canned Sardines Market?
Major companies operating in the canned sardines market are:
• Brunswick Corporation
• Thai Union Group (TUF)
• Bolton Group
• Camil Alimentos
• Century Pacific Food Inc.
• Frinsa del Noroeste S.A.
• Chicken of the sea
• Hagoromo Foods Corporation
• Tropical Food Manufacturing (Ningbo) Co. Ltd.
• Bumble Bee Food
• FFM Berhad
• Adabi Consumer Industries Sdn. Bhd
• Nuri
• Shines Sea Food
• Wild Planet Foods
• MW Polar
• Crown Prince Inc.
• Matiz Espana
• Ongreen Thailand Co
• King Oscar AS
• Safe Catch
• Protigam Food Industries Sdn. Bhd.
What Is The Most Dominant Region In The Canned Sardines Market?
Asia-Pacific was the largest region in the canned sardines market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the canned sardines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
