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
The canned sardines market is set to expand, spurred on by the rising demand for processed foods. The term 'processed foods' applies to foods that have been intentionally altered from their natural state via a multitude of methods such as curing, cooking, smoking, fermenting or the addition of ingredients for the purposes of preservation or flavor enhancement. This increased demand is shaped by factors like shifting consumer preferences and lifestyles, changing eating habits and food trends, demographics, and socioeconomic aspects. Processed foods like canned sardines offer ease and availability, particularly for time-crunched consumers. Canned sardines are a ready-to-consume food item that needs minimal preparation, making them an ideal option for fast meals or snacks. For instance, in 2023 the United States Department of Agriculture, a US federal agency, reported that the overall value of processed food products exported from the US rose to $36.59 billion in 2023, marking a 1.7% increase compared to previous years. Hence, the growing popularity of canned sardines fuels the expansion of its market.
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What growth opportunities are expected to drive the canned sardines market's CAGR through 2034?
There has been a robust expansion of the canned sardines market in recent times. It would expand from $9.81 billion in 2024 to $10.76 billion in 2025, with a compound annual growth rate (CAGR) of 9.7%. The previous growth can be attributed to factors such as the convenience and popularity of ready-to-eat foods, sustainability and environmental concerns, heightened transparency and security, a surge in demand and adoption rate, and the affordability and shelf stability of the product.
Over the coming years, the market size for canned sardines is set to experience significant expansion. It is predicted to rise to $15.48 billion in 2029, showing a compound annual growth rate (CAGR) of 9.5%. Factors contributing to this growth during the forecast period include the surging adoption of canned sardines, expanding internet and smartphone usage, a mounting demand for ethically produced, eco-friendly products, heightened awareness of health and wellness benefits linked to canned sardines, and the growing influence of culinary trends. Key trends forecast for this period encompass innovative packaging designs and flavor diversity, an increased predilection for sustainably sourced seafood, stringent quality control and traceability, product innovation, and the implementation of technologies and practices promoting sustainable fishing methods.
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What are the emerging trends shaping the future of the canned sardines market?
Prominent firms engaged in the canned sardines sector are focusing on creating environmentally friendly canned sardines to address eco-concerns, enhance supply chain clarity, and to cater to the increasing consumer desire for sustainable goods. This refers to sardines that are caught, processed, and packaged in ways that support long-lasting environmental health, maintain the wellness of marine ecosystems, ensure a steady supply of the fish for future use, and encourage mindful environmental management. For example, in September 2022, a Canadian producer of various seafood products named Ocean Brands, released a new range of canned fish. This range includes eight types of appetizing brisling sardines and mackerel fillets. Ocean Brands is growing its viable sourced canned seafood products in the U.S. market through its recently launched Ocean line, aimed at health-aware consumers who value convenience, excellent taste, and eco-friendly alternatives.
Which growth-oriented segments of the canned sardines market are leading the industry's development?
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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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 companies are at the forefront of innovation 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.
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What Is Covered In The Canned Sardines Global Market Report?
•Market Size Forecast: Examine the canned sardines market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the canned sardines market for a structured understanding.
•Key Players Overview: Analyze major players in the canned sardines market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the canned sardines market.
•Segment Contributions: Evaluate how different segments drive overall growth in the canned sardines market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the canned sardines market.
•Industry Challenges: Identify potential risks and obstacles affecting the canned sardines market.
•Competitive Landscape: Review strategic developments in the canned sardines market, including expansions, agreements, and new product launches.
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