The global canned sardines market size was valued at USD 7.9 billion in 2020 and is projected to reach USD 15.8 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.3% from 2022 to 2031 12. The market is segmented by product type, flavor, claims, distribution channel, and region.
According to Future Market Insights, the canned sardines market is expected to grow at a CAGR of 7.6% during the forecast period, to reach a value of USD 14.8 billion by 2032. The report also highlights that sardines are one of the healthiest seafood options, and the omega-3 fatty acid found in them encourages their consumption due to the numerous health benefits.
The market for canned sardines is growing because of their taste, durability, and nutritious value 3. Sardines in a can are convenient to sell and have the same nutritional value as fresh sardines or frozen sardines 3. Customers find it worthwhile to consume the product because of its utility 3. Growing customer demand for premium seafood in a variety of tastes is raising the worldwide canned sardines market’s potential.
Sardines are packaged in a metal can with tomato juice, water, oil, salt and water (brine) and other liquids. Can be consumed straight from the can. Several health benefits can be found there. Consumers avoid fish due to concerns about mercury, sardines are a safe alternative. Sardines have a low mercury content because they feed plankton.
Source: Future Market Insights
Source: Allied Market Research
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