Sardine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Sardine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global sardine market size reached 3.5 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 3.9 Million Tons by 2028, exhibiting a growth rate (CAGR) of 1.31% during 2023-2028.

Sardine, also known as pilchard, refers to small and oily fish with silver skin and a rich-flavoured flesh. It has high amounts of vitamins and minerals including vitamin B2, niacin, vitamin B12, phosphorus, potassium, calcium, iron, selenium, omega-3 fatty acids, etc. Sardines are used in a variety of applications ranging from immediate consumption to reduction into fish meal and oil. Moreover, sardine oil is employed in the production of varnishes, paints, linoleum, etc.

Sardines offer several health benefits, such as enhancing heart functions and bone structures, maintaining cholesterol levels and cardiovascular health, boosting immune system and improving muscle tissues. In addition, sardines also help in weight loss and maintain salt level in the body. Owing to these factors, the demand for sardines is expected to remain stable during the upcoming years. Further, sardines are more affordable as compared to some of the other fish species with the same nutritional value. This is anticipated to sustain the growth of the global sardine market across the globe.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global sardine market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on species, type and distribution channel.

Breakup by Species:

Sardina Pilchardus
Sarnidrops Caeruleus
Sardinella longiceps
Sardinella Aurita
Sardinella Gibbosa
Others

Based on the species, the market has been segmented into sardina pilchardus, sardinops caeruleus, sardinella iongiceps, sardinella aurita, sardinella gibbosa and others. Currently, sardina pilchardus represents the most popular species in the global sardine market, holding the largest share.

Breakup by Type:

Canned Sardine
Frozen Sardine
Fresh Sardine

On the basis of type, the report finds that canned sardine accounts for the majority of the market share.

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Convenience Stores
Hotels and Restaurants
Online
Others

Based on the distribution channel, supermarkets and hypermarkets dominate the global sardine market, holding the biggest share. Other major distribution channels include convenience stores, hotels and restaurants, online and others.

Breakup by Region:

Asia Pacific
Middle East and Africa
Americas
Europe

Region-wise, the market has been segmented into Asia Pacific, Middle East and Africa, Americas and Europe. Amongst these, Asia Pacific is the leading market, accounting for the majority of the market share.

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.

This report provides a deep insight into the global sardine market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a sardine processing plant. The study analyses the processing and processing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the sardine industry in any manner.

Key Questions Answered in This Report
1. What was the size of the global sardine market in 2022?
2. What is the expected growth rate of the global sardine market during 2023-2028?
3. What are the key factors driving the global sardine market?
4. What has been the impact of COVID-19 on the global sardine market?
5. What is the breakup of the global sardine market based on the species?
6. What is the breakup of the global sardine market based on the type?
7. What is the breakup of the global sardine market based on the distribution channel?
8. What are the key regions in the global sardine market?