Global Canned Sardine Market - 2023-2030
Global Canned Sardine Market reached US$ 6.94 billion in 2022 and is expected to reach US$ 12.10 billion by 2030, growing with a CAGR of 7.2% during the forecast period 2023-2030.
The global canned sardine market has witnessed significant growth and transformations over the years, with various factors influencing its dynamics. Consumers are highly adopting these Canned sardines are a convenient and portable source of protein, making them a popular choice for quick meals, and other dishes. Hence such factors can help in driving the global canned sardines market.
Furthermore, as the demand for canned sardine products is increasing, many manufacturers are investing more in this product, for instance, in January 2022, Minnow, a tinned seafood company launched its inaugural line of products including Spanish sardines, Alaskan salmon, and Icelandic cod liver. Hence, such product launches help in increasing the adoption rate.
The extra virgin oil in the canned sardine segment holds the maximum share. Similarly, the Asia-Pacific region holds the largest share in the global canned sardine market, as India is the third largest fish-producing country, contributing 8 percent to the global fish production and ranks second in aquaculture production. The fish production in 2021-22 is 16.24 million ton.
Dynamics
Increase in Awareness about Health and wellness benefits caused by Canned Sardine
Consumers are highly adopting sardines, as they are an excellent source of omega-3 fatty acids, including EPA and DHA. These fatty acids are essential for heart health, brain function, and reducing inflammation in the body, which can help in increasing the demand and adoption rate for the market for canned sardines.
Furthermore, the rising health awareness among consumers is driving the demand for canned sardines, as canned sardines offer a convenient and ready-to-eat solution and a long shelf life for canned foods helps in increasing the usage of canned sardines in various applications, which helps in increasing the market growth.
Growing demand for Sea Food
The demand for sea foods is increasing, for instance, according to the United States Department of Agricultural Report of 2022, China remained the world's largest seafood producer in 2022, with production expected to reach 67.5 million metric tons (MMT), up from the 66.9 MMT in 2021 which is increased to 1.2 percent to reach 54.6 MMT in 2022. Hence, such an increase in production rate can help in increasing the market growth.
Furthermore, the demand for seafood is increasing among consumers, as they are a valuable source of high-quality protein, and a rich source of omega-3 fatty acids, which have been associated with various health advantages, including heart health, brain function, and anti-inflammatory effects. Consumers seeking a healthy diet may choose seafood options like canned sardines
Allergic Reactions
Canned sardines are generally considered a safe and nutritious food option, allergic reactions can indeed impact the market. Allergies to fish, including sardines, can lead to various health issues for affected individuals. Hence, allergic reactions can cause declination in the adoption rate of canned sardines.
Segment Analysis
The global canned sardine market is segmented based on product type, flavor, claims, distribution channel, processing, application, and region.
Increase in Demand for Variety of Sea Foods
The extra virgin oil segment holds the maximum share in the global canned sardine market. As the extra virgin olive oil added to sardines it adds a distinctive taste and enhances the overall flavor profile of the fish., the oil provides numerous health benefits, hence such factors can help in increasing the adoption rate of canned sardines.
Furthermore, as the demand for a variety of seafood products is increasing, manufacturers are focusing on producing innovative high-quality products, for instance, KING OSCAR, INC., produces Wild Caught Sardines in extra virgin olive oil with 12-22 fish in two layers. Hence, such a product can help in increasing the popularity of canned sardines.
Geographical Penetration
High Consumption Rate and Government Support
Asia-Pacific has been a dominant force in the global canned sardine market and its significance has only grown in the post-2020 era. The demand for various variety of seafood are increasing in this region, as people are becoming more aware of the health benefits caused by them this helps increase the demand for canned sardine in this region.
Furthermore, the consumers in this region are highly adopting seafood as part of their regular diets which increases the production of seafood, for instance, according to the Australian Fisheries and Aquaculture Statistics report of 2021, the production of US$ 3.09 billion tones in 2020-21 in Australia. Hence, such high production rates can help in increasing the canned sardines market.
Additionally, the government provides some schemes to increase the market, for instance, the government of India provided, Pradhan Mantri Matsya Sampada Yojana (PMMSY) in the year 2020-21, the overall fish production in the country has shown an increasing trend, registering a fish production of 162.48 lakh tones in 2021-22from 141.64 lakh tonnes in 2019-20.
Competitive Landscape
The major global players in the market include Frinsa, Century Pacific Food Inc, Season Brand, SAFE CATCH, Wild Planet Foods, Brunswick Seafood, Conservas Ortiz S.A., Pinhais Cannery & Co., Ocean Treasure, and KING OSCAR, INC.
COVID-19 Impact Analysis
The pandemic has brought a disruption in the supply chain, many manufacturing companies are shut down due to government lockdown restrictions, and this has caused the limited availability of products in the market, which has shown a negative impact on the global canned sardine market.
By Product Type
• Smoked
• Cooked
By Flavor
• Olive Oil
• Sunflower Oil
• Tomato Sauce
• Salt and Water (Brine)
• Extra Virgin Oil
• Others
By Claims
• Organic
• Kosher
• Non-GMO
• No Preservatives
• Others
By Distribution Channel
• Food services
• Hypermarket/Supermarket
• Convenience Stores
• Specialty Stores
• Others
By Processing
• Oil
• Sauce
• Others
By Application
• Households
• Commercial
• Others
By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Russia
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa
Key Developments
• In August 2021, Saboreal launched Western Algarve’s first canned sardines, which is Papa Anzóis.
Why Purchase the Report?
• To visualize the global canned sardine market segmentation based on product type, flavor, claims, distribution channel, processing, application, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of canned sardine market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.
The global Canned Sardine market report would provide approximately 85 tables, 93 figures and 186 Pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Snippet by Product Type
- 3.2. Snippet by Flavor
- 3.3. Snippet by Claims
- 3.4. Snippet by Distribution Channel
- 3.5. Snippet by Processing
- 3.6. Snippet by Application
- 3.7. Snippet by Region
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Rising Awareness of Health and Wellness Benefits Caused by Canned Sardine
- 4.1.1.2. Growing demand for seafood
- 4.1.2. Restraints
- 4.1.2.1. Allergic Reactions
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Force Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. By Product Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 7.1.2. Market Attractiveness Index, By Product Type
- 7.2. Smoked*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Cooked
- 8. By Flavor
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Flavor
- 8.1.2. Market Attractiveness Index, By Flavor
- 8.2. Olive Oil*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Sunflower Oil
- 8.4. Tomato Sauce
- 8.5. Salt and Water (Brine)
- 8.6. Extra Virgin Oil
- 8.7. Others
- 9. By Claims
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Claims
- 9.1.2. Market Attractiveness Index, By Claims
- 9.2. Organic *
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Kosher
- 9.4. Non-GMO
- 9.5. No Preservatives
- 9.6. Others
- 10. By Distribution Channel
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 10.1.2. Market Attractiveness Index, By Distribution Channel
- 10.2. Food services*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Hypermarket/Supermarket
- 10.4. Convenience Stores
- 10.5. Specialty Stores
- 10.6. Others
- 11. By Processing
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Processing
- 11.1.2. Market Attractiveness Index, By Processing
- 11.2. Oil*
- 11.2.1. Introduction
- 11.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 11.3. Sauce
- 11.4. Others
- 12. By Application
- 12.1. Introduction
- 12.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.1.2. Market Attractiveness Index, By Application
- 12.2. Households*
- 12.2.1. Introduction
- 12.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 12.3. Commercial
- 12.4. Others
- 13. By Region
- 13.1. Introduction
- 13.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 13.1.2. Market Attractiveness Index, By Region
- 13.2. North America
- 13.2.1. Introduction
- 13.2.2. Key Region-Specific Dynamics
- 13.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 13.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Flavor
- 13.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Claims
- 13.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 13.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Processing
- 13.2.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 13.2.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 13.2.9.1. U.S.
- 13.2.9.2. Canada
- 13.2.9.3. Mexico
- 13.3. Europe
- 13.3.1. Introduction
- 13.3.2. Key Region-Specific Dynamics
- 13.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 13.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Flavor
- 13.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Claims
- 13.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 13.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Processing
- 13.3.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 13.3.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 13.3.9.1. Germany
- 13.3.9.2. UK
- 13.3.9.3. France
- 13.3.9.4. Italy
- 13.3.9.5. Russia
- 13.3.9.6. Rest of Europe
- 13.4. South America
- 13.4.1. Introduction
- 13.4.2. Key Region-Specific Dynamics
- 13.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 13.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Flavor
- 13.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Claims
- 13.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 13.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Processing
- 13.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 13.4.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 13.4.9.1. Brazil
- 13.4.9.2. Argentina
- 13.4.9.3. Rest of South America
- 13.5. Asia-Pacific
- 13.5.1. Introduction
- 13.5.2. Key Region-Specific Dynamics
- 13.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 13.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Flavor
- 13.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Claims
- 13.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 13.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Processing
- 13.5.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 13.5.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 13.5.9.1. China
- 13.5.9.2. India
- 13.5.9.3. Japan
- 13.5.9.4. Australia
- 13.5.9.5. Rest of Asia-Pacific
- 13.6. Middle East and Africa
- 13.6.1. Introduction
- 13.6.2. Key Region-Specific Dynamics
- 13.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 13.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Flavor
- 13.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Claims
- 13.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 13.6.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Processing
- 13.6.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 14. Competitive Landscape
- 14.1. Competitive Scenario
- 14.2. Market Positioning/Share Analysis
- 14.3. Mergers and Acquisitions Analysis
- 15. Company Profiles
- 15.1. Frinsa *
- 15.1.1. Company Overview
- 15.1.2. Product Portfolio and Description
- 15.1.3. Financial Overview
- 15.1.4. Key Developments
- 15.2. Century Pacific Food Inc
- 15.3. Season Brand
- 15.4. SAFE CATCH
- 15.5. Wild Planet Foods
- 15.6. Brunswick Seafood
- 15.7. Conservas Ortiz S.A.
- 15.8. Pinhais Cannery & Co.
- 15.9. Ocean Treasure
- 15.10. KING OSCAR, INC
- LIST NOT EXHAUSTIVE
- 16. Appendix
- 16.1. About Us and Services
- 16.2. Contact Us
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