Transformative Trends Impacting the Canned Sardines Market Landscape: Ocean Brands Expands Sustainable Canned Seafood Line To U.S. Market

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How Large Will the Canned Sardines Market Size By 2025?
The market for canned sardines has seen significant expansion in recent times. The market is predicted to escalate from a size of $9.81 billion in 2024 to $10.76 billion in 2025, with a compound annual growth rate (CAGR) of 9.7%. Factors contributing to this surge during the historic period include the popularity of handy and instant consumable foods, issues around sustainability and the environment, heightened transparency and security measures, a rise in demand and rate of adoption, alongside affordability and extended shelf life.

How Big Is the Canned Sardines Market Size Expected to Grow by 2029?
The market for canned sardines is projected to experience significant growth in the upcoming years, reaching a value of $15.48 billion in 2029 with a compound annual growth rate (CAGR) of 9.5%. The predicted growth during the forecast period is due to the expanded uptake of canned sardines, increased internet and smartphone usage, the surging demand for ethical products that are mindful of the environment, heightened awareness of the health benefits linked to canned sardines, and the growing influence of culinary trends. Notable trends for the forecast period encompass innovative packaging designs and flavor diversities, a growing fondness for ethically sourced seafood, stringent quality control and traceability standards, product innovation, and the use of technology and best practices that promote sustainable fishing methods.

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Which Key Market Drivers Powering Canned Sardines Market Expansion and Growth?
The surge in the requirement for processed food is projected to stimulate the canned sardines market's growth in the future. Processed food implies any food that has been deliberately altered from its natural form through various techniques such as cooking, curing, smoking, fermenting, or adding preservatives or flavor-enhancing elements. The escalating demand for processed food can be attributed to various influences like shifting consumer lifestyles and preferences, changing eating habits and food trends, demography, and socioeconomics. Processed foods, incorporating canned sardines, provide convenience and accessibility, particularly for time-aware consumers. Canned sardines are ready-to-consume and necessitate minimal preparation, rendering them suitable for quick meals or snacks. For example, in 2023, the United States Department of Agriculture, a US federal agency, reported that the total value of US processed food exports rose to $36.59 billion, a 1.7% increase compared to previous years. As a result, the surge in appeal is driving the canned sardines market.

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Which Fast-Growing Trends Are Poised to Disrupt the Canned Sardines Market?
Leading businesses in the canned sardines market are shifting their focus towards the production of sustainable canned sardines. This move is designed to tackle environmental issues, heighten transparency along the supply chain, and cater to the increasing consumer appetite for products that are eco-friendly. The concept of sustainable canned sardines encompasses sardines that undergo harvesting, processing, and packaging in a manner that's geared towards maintaining environmental health long-term. This in turn, contributes to the wellbeing of marine ecosystems, ensures fish remain abundant for future generations, and advocates for accountable environmental management. An example came in September 2022, when Ocean Brands, a firm based in Canada known for its array of seafood products, introduced a new canned fish range. This included eight delectable types of brisling sardines and mackerel fillets. Ocean Brands is broadening its portfolio of sustainably sourced canned seafood for the U.S. market through its latest Ocean line, aiming to attract health-conscious individuals looking for tasty, easy-to-prepare, and eco-friendly choices.

What Are the Emerging Segments 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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Who Are the Global Leaders 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.

Which are the Top Profitable Regional Markets for the Canned Sardines Industry?
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.

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