The report presents a comprehensive overview of industry trends, growth share and the competitive landscape in 200 pages.
“Canned Sardines Market” report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Canned Sardines Market by region.
Global Canned Sardines Market is valued at approximately USD 8.40 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.30% over the forecast period 2022-2029.
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Canned Sardines is a ready-to-eat version of sardine fish which is made with oil and sauces. Sardine is a nutrition rich small, oily fish. It is considered as a great source of Omega 3 fatty acids, calcium and Vitamin D. This fish does not contain a high amount of mercury. The average size of Sardine ranges between 15 to 30 cm (6 to 12 inches). Sarine is a saltwater fish & mostly found in different parts of Pacific and Indian oceans. The increasing consumption of seafood worldwide and growing awareness towards the health benefits of Sardine Fish as well as strategic initiatives from leading market players are key factors accelerating the market growth.
The growing consumption of seafood globally is contributing to the growth of the Global Canned Sardines Market. For instance, according to Statista – in 2021, the global seafood market was valued at USD 253 billion, and the market is projected to grow to USD 336 billion by 2025. Moreover, as per Statista – as of 2022, the revenue in the worldwide Processed Fish & Seafood segment is estimated at USD 157.60 billion, and the market is projected to grow annually by CAGR of 9.09 % between 2022 & 2027 to reach USD 243.49 billion towards the end of the year 2027. Also, rising emergence of ready-to-eat food products and growing number of health-conscious individuals would create a lucrative growth prospectus for the market over the forecast period. However, the high cost associated with Canned Sardines stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Canned Sardines Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of global market share owing to the presence of leading market players as well as increasing consumption of Sardine fish in the region. Whereas Asia Pacific is expected to grow at the highest CAGR during the forecast period, owing to factors such as rising consumption of seafood as well as increasing demand for ready-to-eat food products coupled with rising expansion of food processing industry in the region.
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Major market players included in this report are:
- Ligo
- Camil Alimentos
- Century Pacific Food
- chicken of the sea
- Dongwon
- frinsa del noroeste S.A.
- Grupo Calvo
- Safe Catch
- Thai Union Group PCL.
- Season Sardines
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Processing
Oil
Sauce
Others
By Application
Households
Commercial
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By Distribution Channel
Supermarkets and Hypermarkets
Convenience Stores
Specialty Stores
Online Sales Channel
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
ROLA
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market:The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the Market opportunities, market risk, and market overview of this industry?
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