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. According to the latest report by IMARC Group, titled “Sardine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global sardine market reached a volume of 3.65 Million Tons in 2018.
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. Looking forward, the market is projected to reach a volume of 3.7 Million Tons by 2024, expanding at a CAGR of 0.6% during 2019-2024.
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.
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