Press release
Canned Sardines Market Reach USD 15.8 Billion by 2031 at 6.3% CAGR |
Canned Sardines Market
๐๐ฅ๐ข๐๐ค ๐๐๐ซ๐ ๐ ๐จ๐ซ ๐๐ง๐ฌ๐ญ๐๐ง๐ญ ๐๐๐ : https://www.alliedmarketresearch.com/request-sample/7776
On the basis of distribution channel, it is categorized into supermarkets & hypermarkets, convenience stores, specialty stores, and online sales channel. The online sales channel segment is anticipated to grow at highest CAGR during the forecast period, due to the rise in internet penetration and usage of smartphones and tablets.
In 2020, Asia-Pacific accounted for more than half of the global market, and is expected to maintain its dominance during the canned sardines market forecast. Moreover, North America and Europe are expected to possess the highest CAGRs, owing to rise in health concerns among people and increase in popularity of canned sardines in these regions.
Leading Key Players
Camil Alimentos
Century Pacific Food
chicken of the sea
Dongwon
frinsa del noroeste
Grupo Calvo
Safe Catch
Thai Union Group PCL.
Season Sardines
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Based on distribution channel, the specialty stores segment accounted for the largest share in 2020, contributing to more than one-third of the global canned sardines market, and is projected to maintain its lead position during the forecast period. However, the online sales channel segment is expected to portray the largest CAGR of 7.0% from 2022 to 2031, due to increase in penetration of various online portals globally and rise in number of offers or discounts that attract consumers to purchase food & beverages through online channels.
As canned sardines are easily available and are healthy in nature, these advantages have pushed their inclusion in everyday intake. This has broadened the product's appeal in the health and nutrition markets, where sardines are chosen for disease prevention and treatment. Sardines in cans are becoming more popular due to their expanding health benefits.
Lower income levels of the population in developing economies, who are unable to buy the product, and seasonal availability of the product are two reasons that are expected to hamper the expansion of the canned sardines industry. The extensive use of preservatives in canned foods, which can create health problems in people if ingested in large amounts, is expected to impede the market's expansion.
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Based on region, Asia-Pacific held the highest market share in terms of revenue 2020, accounting for more than one-third of the global canned sardines market. Moreover, the same region is expected to witness the fastest CAGR of 7.1% from 2022 to 2031. The factors such as easy and wide availability of canned sardines, attractive packaging of sardines, and growing preference for seafood are boosting the growth of the canned sardines market in Asia-Pacific region during the forecast period. Other regions discussed in the report include North America, Europe, and LAMEA.
Sardines, as one of the healthiest sea foods, are easy to sell in the canned version. Taste, durability, and perseverance of nutritional content are driving the canned sardines market growth. Moreover, the growing consumer demands for premium sea food available in different flavors present new opportunities in the coming years.
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Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the market analysis from 2020 to 2031 to identify the prevailing canned sardines market opportunities.
The market research is offered along with information
related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ ๐ซ๐๐ฅ๐๐ญ๐๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ฉ๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐๐ฒ ๐๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Processed Fish Market - https://www.prnewswire.com/news-releases/processed-fish-market-to-accrue-87-2-bn-globally-by-2031-at-2-8-cagr-allied-market-research-301644508.html
Crustaceans Market - https://www.globenewswire.com/en/news-release/2022/11/30/2565071/0/en/Global-Crustaceans-Market-Is-Expected-to-Generate-25-3-Billion-by-2031-Allied-Market-Research.html
Haddock Market - https://www.prnewswire.com/news-releases/haddock-market-to-reach-1-1-bn-globally-by-2030-at-4-8-cagr-allied-market-research-301533000.html
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