Press release
Key Trends Shaping the Future Canned Sardines Market From 2025-2034: Ocean Brands Expands Sustainable Canned Seafood Line To U.S. Market
Canned Sardines Market Size
The market size for canned sardines has exhibited robust expansion in the recent past. It's projected to rise from $9.81 billion in 2024 to $10.76 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.7%. Factors contributing to this growth during the historic phase include the convenience of ready-to-eat meals, growing environmental consciousness and sustainability, enhanced transparency and security, rising demand and adoption rates, as well as affordability and shelf stability.
In the coming years, the market size for canned sardines is predicted to experience robust growth, reaching $15.48 billion by 2029 with a CAGR of 9.5%. This growth projected during the forecast period could be due to several factors such as an increased preference for canned sardines, escalating internet and smartphone usage, a rising demand for ethical and eco-friendly products, heightened awareness about the health and wellness advantages of canned sardines, and a growing influence of culinary trends. The forecast period also anticipates major trends such as innovative packaging and flavor variations, a growing inclination towards sustainably sourced seafood, product innovation along with the importance of quality control and traceability, and the adoption of sustainable fishing technologies and practices.
What Are the Primary Growth Drivers for the Canned Sardines Market?
The canned sardines market's growth is anticipated to be spurred by the escalating demand for processed food. This category includes any food that has been intentionally altered from its natural condition via techniques like cooking, fermenting, curing, smoking, or the addition of preservatives or taste enhancers. The surging demand for this kind of food is linked to various aspects, including shifting consumer lifestyles and preferences, changing food habits and trends, demographics, and socioeconomic factors. Canned sardines, as with other processed foods, provide convenience and easy access, particularly appeasing to time-conscious consumers. They are ready-to-eat and necessitate little preparation, thus are ideal options for swift meals or snacks. As per the statistics shared by the United States Department of Agriculture, a federal agency of the US, in 2023, the overall worth of US processed food commodities exported rose by 1.7% to $36.59 billion than the earlier years. Consequently, the familiarity with canned sardines has escalated, uplifting the market for the same.
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Who Are the Dominant Companies Influencing Canned Sardines Market Trends?
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.
How Is the Canned Sardines Market Evolving?
Big corporations involved in the canned sardines market are turning their attention towards the production of sustainable canned sardines. This objective is aimed at addressing environmental issues, enhancing clarity in the supply chain, and fulfilling the increasing demand for green products from consumers. Sustainable canned sardines describe the process of catching, processing, and packaging sardines in a manner that promotes the enduring health of the environment. This practice also aids in the preservation of marine ecosystems, ensures future availability of fish, and endorses responsible environmental guardianship. For example, Ocean Brands, a Canadian company involved in the production of diverse seafood produce, introduced a new range of canned fish in September 2022. Comprising eight mouthwatering variants of both brisling sardines and mackerel fillets, the company aims to extend its range of sustainably sourced canned seafood to the U.S. market. This new Ocean line is marketed towards consumers who prioritize health, convenience, excellent taste, and ecological sustainability.
What Are the Different Segmentations in the 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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Which Region Is at the Forefront of 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.
What Is Covered In The Canned Sardines Global Market Report?
- Market Size Analysis: Analyze the Canned Sardines Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Canned Sardines Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Canned Sardines Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Canned Sardines Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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