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IMARC Group’s latest report, titled “Sardine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global sardine market size reached 3.5 Million Tons in 2021. Sardine belongs to the Clupeidae family and is also referred to as herring fish or pilchard. It is a small, elongated fish with silver skin and is mostly found in the Mediterranean Sea and the Pacific and Atlantic oceans. Sardines generally feed on planktons, due to which they have lower mercury levels compared to other fish. They are a rich source of vitamins B2 and B12, omega-3 fatty acids, niacin, phosphorus, potassium, calcium, iron, and selenium. As a result, they are widely consumed around the world, as well as used in animal feed. They are also commercially farmed for oil, which is further utilized for manufacturing paints and varnish.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Sardine Market Trends:
The regular consumption of sardines is known to improve heart function, regulate cholesterol levels, boost the immune system, maintain the body's salt level and aid in weight loss. The growing awareness regarding these health benefits has led to a rise in the sales of sardines worldwide. Another factor that has impelled the demand for sardines is their availability at affordable prices than other fish varieties with the same nutritional content. Besides this, the long shelf life of sardines, coupled with the escalating preference for ready-to-eat seafood products, is anticipated to drive the growth of the sardine market. Moreover, the adoption of sustainable fish farming techniques by manufacturers is likely to create a positive outlook for the market in the near future. Looking forward, the market is expected to grow at a CAGR of 1.4% during 2022-2027.
Market Summary:
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