As per the latest report by IMARC Group, titled "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. Sardines are small, oily fish that are widely found in the Atlantic Ocean, the Mediterranean Sea, and the Pacific Ocean. They are known for their rich nutritional profile and numerous health benefits. Sardines are a magnificent source of omega-3 fatty acids, which are essential for brain health, reducing inflammation, and promoting heart health. They are also replete with minerals, vitamin B12, calcium, iron, and selenium, which are crucial for maintaining overall well-being. One of the key advantages of consuming sardines is their high protein content. Protein is a crucial macronutrient that helps build and repair tissues, supports immune function, and aids in the production of enzymes and hormones. Additionally, they provide a good dose of vitamin D, a nutrient that is necessary for maintaining strong teeth and bones, as well as boosting immune function. When compared to other fish varieties, sardines have low mercury levels. Currently, they are available in fresh, canned, and smoked variants.
Global Sardine Market Trends:
The surging awareness about the health benefits associated with sardines, such as high protein content, omega-3 fatty acids, and essential nutrients, is one of the primary factors boosting the market growth. This is further supported by inflating disposable incomes and a growing preference for convenient and nutritious food options, such as canned sardines. Moreover, the expanding global population, coupled with the need for sustainable food sources, is creating a positive outlook for the market. In confluence with this, the rapid expansion of e-commerce platforms has facilitated greater accessibility and convenience for consumers to purchase sardines, which, in turn, is driving the market growth. Additionally, the rapid expansion of the aquaculture industry and the development of innovative packaging solutions that enhance the shelf life and maintain the quality of sardines are boosting the market growth. Furthermore, the expansion of organized retail and supermarket chains, along with aggressive marketing and promotional activities by sardine manufacturers, is contributing to the market growth. Other factors, such as the shifting consumer preference for natural and sustainable food products and the growing trend of snacking and on-the-go food consumption, are propelling the market growth. Looking forward, the market value is projected to reach 3.9 Million Tons by 2028, expanding at a CAGR of 1.31% during 2023-2028.
- By the species, the market is segmented into sardina pilchardus, sarnidrops caeruleus, sardinella longiceps, sardinella aurita, sardinella gibbosa and others. Currently, sardina pilchardus holds the largest share.
- Based on the type, the market is segregated into canned, frozen, and fresh sardine. Among these, canned sardine dominates the market.
- On the basis of the distributional channel, the market is divided into supermarkets and hypermarkets, convenience stores, hotels and restaurants, online, and others. As per the report, supermarkets and hypermarkets represent the largest distribution channel.
- By the region, the market has been categorized into Asia Pacific, Middle East and Africa, Americas, and Europe. At present, Asia Pacific is leading the global market.
- The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis
||US$ Billion, Million Tons
||Species, Type, Distribution Channel, Region
|| Asia Pacific, Middle East and Africa, Americas, Europe
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