Press release
Emerging Trends Influencing The Growth Of The Canned Sardines Market: Ocean Brands Expands Sustainable Canned Seafood Line To U.S. Market
Canned Sardines Market
How Big Is the Canned Sardines Market Size Expected to Be by 2034?
The canned sardines market has experienced strong growth in recent years. It will grow from $9.81 billion in 2024 to $10.76 billion in 2025, with a CAGR of 9.7%. This growth is driven by demand for convenient, ready-to-eat foods, sustainability concerns, increased transparency and security, and affordable shelf-stable products.
The canned sardines market is expected to grow rapidly, reaching $15.48 billion by 2029, with a CAGR of 9.5%. Growth is attributed to the increasing popularity of canned sardines, the rise in internet and smartphone usage, the demand for ethical and environmentally friendly products, greater awareness of health benefits, and the influence of culinary trends. Trends include innovative packaging formats and flavors, preference for sustainably sourced seafood, improved quality control, product innovation, and sustainable fishing practices.
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What Are the Emerging Segments Within 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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What Long-Term Drivers Are Shaping Canned Sardines Market Trends?
The demand for processed food is expected to propel the growth of the canned sardines market. Processed food is gaining popularity due to changing consumer lifestyles, offering convenience and quick meal options. Canned sardines are easy to prepare and provide a nutritious snack or meal. The United States Department of Agriculture reported a 1.7% increase in the value of U.S. processed food exports in 2023. This growing demand for processed food is contributing to the growth of the canned sardines market.
Who Are the Top Competitors in Key Canned Sardines Market Segments?
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 Canned Sardines Market Trends Are Gaining Traction Across Different Segments?
Companies in the canned sardines market are focusing on creating sustainable canned sardines to address environmental concerns, improve supply chain transparency, and meet the growing consumer demand for eco-friendly products. Sustainable canned sardines are harvested and packaged to support marine ecosystem health and long-term sustainability. For instance, in September 2022, Ocean Brands, a Canada-based company, introduced a new range of sustainably sourced canned seafood, including brisling sardines and mackerel fillets, expanding its offerings in the U.S. market.
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Which Regions Are Becoming Hubs for Canned Sardines Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Canned Sardines Market?
2. What is the CAGR expected in the Canned Sardines Market?
3. What Are the Key Innovations Transforming the Canned Sardines Industry?
4. Which Region Is Leading the Canned Sardines Market?
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