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Global Canned Sardines Market 2024 - Business Opportunities, Industry Growth, Regional Analysis And Forecast To 2033
Global Canned Sardines Market
As per the report, the canned sardine market size has grown strongly in recent years. It will grow from $8.98 billion in 2023 to $9.81 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The canned sardine market size is expected to see strong growth in the next few years. It will grow to $14.15 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%.
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The Increasing Demand For Ready-to-Eat Food Fuels Growth In The Canned Sardines Market
The rise in the demand for processed food is expected to propel the growth of the canned sardines market going forward. Processed food refers to any food item that has undergone deliberate changes to its natural state through various methods such as cooking, curing, smoking, fermenting, or adding ingredients for preservation or flavor enhancement. The increasing demand for processed food is due to several factors, such as changing consumer lifestyles and preferences, evolving eating habits and food trends, demographics, and socioeconomic. Processed foods, including canned sardines, offer convenience and accessibility, especially for busy-conscious consumers. Canned sardines are ready-to-eat and require minimal preparation, making them convenient for quick meals or snacks. For instance, in 2023, according to the United States Department of Agriculture, a US-based federal agency, the total value of US processed food products exported from the country increased to $36.59 billion in 2023, an increase of 1.7% compared to previous years. Therefore, the increase in the popularity of drives the canned sardines market
Ocean Brands Expands Sustainable Canned Seafood Line To U.S. Market
Major companies operating in the canned sardines market are focused on developing sustainable canned sardines to address environmental concerns, improve supply chain transparency, and meet the growing consumer demand for eco-friendly products. Sustainable canned sardines refer to sardines that are harvested, processed, and packaged in ways that ensure long-term environmental health that help support the health of marine ecosystems, guarantee the availability of fish for future generations, and promote responsible environmental stewardship. For instance, in September 2022, Ocean Brands, a Canada-based company that produces various seafood products, launched a new line of canned fish. These include eight varieties of succulent brisling sardines and mackerel fillets. Ocean Brands is expanding its sustainably sourced canned seafood offerings to the U.S. market with its new Ocean line, targeting health-conscious consumers seeking convenient, great-tasting, and environmentally friendly options.
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
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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.
Contents of the report:
1. Executive Summary
2. Canned Sardines Market Report Structure
3. Canned Sardines Market Trends And Strategies
4. Canned Sardines Market - Macro Economic Scenario
5. Canned Sardines Market Size And Growth
…..
27. Canned Sardines Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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