The frozen sardine market is forecasted to generate a valuation of USD 10,559.8 million by 2034, growing at a 3.6% CAGR over the assessment period. The market is estimated to be valued at USD 6,867.0 million in 2024.
Key Market Highlights
Attributes | Key Insights |
---|---|
Estimated Frozen Sardine Market Size (2024E) | USD 6,867.0 million |
Projected Frozen Sardine Market Value (2034E) | USD 10,559.8 million |
Value-based CAGR (2024 to 2034) | 3.6% |
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Small players in the frozen sardine industry claim that the quality of their products and the ability to customize them to meet consumer demands help them gain traction in the market. Additionally, using digital grocery platforms can help improve and optimize the supply chain.
During the historical period, sales of frozen sardines have been dictated by their convenience factor. Frozen sardines can be stored for an extended period, allowing consumers to plan meals without worrying about the freshness of the seafood. This is particularly appealing to busy individuals and families seeking quick and easy meal solutions.
From 2024 to 2034, the market is expected to continue with its upward trajectory. Market penetration is predicted to increase on account of the following factors:
The United States is expected to maintain a dominant position in the global market, growing at a 6.7% CAGR through 2034. This high market share is propelled by a health-conscious population, extensive product availability, and aggressive marketing strategies. The market in China is expected to rise at a 5.6% CAGR over the forecast period.
The market growth is driven by the growing interest in frozen sardines, an expanding middle-class population, rising awareness about mental well-being, and a blend of traditional and modern medicine. The market in Japan is expected to progress at a 6.0% CAGR, emphasizing quality and innovation, with consumers valuing efficacy and safety. These figures indicate a global trend towards prioritizing taste, durability, and nutritious value.
Countries | CAGR (2024 to 2034) |
---|---|
United States | 6.7% |
China | 5.6% |
Japan | 6.0% |
The frozen sardine market in China is expected to exhibit a CAGR of 5.6% during the forecast period. The growth in Chinese market is driven by a confluence of factors that collectively respond to evolving consumer preferences and market dynamics.
Health-conscious consumers in the United Kingdom often seek seafood options like frozen sardines due to their high omega-3 fatty acid content, which is associated with cardiovascular health benefits.
The market growth in the United States is projected to surge at a CAGR of 6.7% over the forecast period. The top factors that are contributing to a heightened preference for the frozen form of sardines are listed below:
In Japan, sales of frozen sardines are surging at a 6% CAGR through 2034. Over the next ten years, the market is anticipated to be driven by:
South Korea is anticipated to attract market stakeholders and investors. The leading factors that are responsible for market growth are:
Top Form | Frozen Fish Fillet |
---|---|
CAGR (2024 to 2034) | 5.6% |
The frozen fish fillet segment is expected to record a CAGR of 5.6% from 2024 to 2034.
Top Distribution Channel | Online Retail Channels |
---|---|
CAGR (2024 to 2034) | 6.5% |
The online retail segment for frozen sardines is expected to experience significant growth, exhibiting a CAGR of 6.5% from 2024 to 2034. This surge can be attributed to the cost efficiency associated with low infrastructure and operational expenses, enabling online retailers to offer competitive prices.
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Leading frozen seafood companies are focusing their efforts on developing products that offer a wide range of health advantages in response to the increasing demand for new formulations in food and beverage sector. This focus is heightened by the increasing consumption of frozen seafood across diverse populations.
Important players in the frozen fish industry are actively pursuing market dominance through strategic initiatives such as joint ventures, partnerships, mergers, and acquisitions. They are investing in research and innovation of product lines. Reacting to the growing demand for innovative formulas in the food and beverage industry, Prominent brands are also giving priority to the introduction of improved and modified products.
Product Launches and Key Developments
The frozen sardine market is expected to grow at a CAGR of 3.6% over the forecast period.
In 2024, the market is estimated to be valued at USD 6,867.0 million.
By 2034, the frozen sardine market is forecasted to be worth USD 10,559.8 million.
Asia Pacific is anticipated to contribute substantially to the market’s growth.
Some of the key players in the market are Xiamen Taiseng Seafood Co., Ltd., Marine Harvest AS, WHOLEY’S, and Alga International.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Technology Roadmap 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition 3. Market Dynamics 3.1. Drivers 3.1.1. Supply Side Drivers 3.1.2. Demand Side drivers 3.1.3. Economic Side Drivers 3.2. Restraints 3.3. Opportunity 3.4. Market trends by Region 3.5. Forecast Factors - Relevance & Impact 3.6. Regulations and Policies 4. Global Market - Pricing Analysis 4.1. Price Point Assessment by Region 4.1.1. Manufacturer-Level Pricing 4.1.2. Distributor Level Pricing 4.1.3. Retail Level Pricing 4.2. Price Point Assessment by Freezing Process Type 4.3. Price Forecast till 2032 5. Value Chain Analysis 5.1. Operating margins at each node of the supply chain 5.2. List of Active Market Participants 6. Global Market Size (in Value (US$ billion) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034 6.1. Historical Market Size (in Value (US$ billion) and Volume (MT) Analysis, 2019 to 2023 6.2. Current and Future Market Size (in Value (US$ billion) and Volume (MT) Analysis, 2024 to 2034 6.2.1. Y-o-Y Growth Trend Analysis 6.2.2. Absolute $ Opportunity Analysis 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Freezing Process Type 7.1. Introduction / Key Findings 7.2. Historical Market Size (in Value (US$ billion) and Volume (MT) Analysis by Freezing Process Type, 2019 to 2023 7.3. Current and Future Market Size (in Value (US$ billion) and Volume (MT) Analysis and Forecast by Freezing Process Type, 2024 to 2034 7.3.1. BQF 7.3.2. IQF 7.4. Market Attractiveness Analysis by Freezing Process Type 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, Packaging Type 8.1. Introduction / Key Findings 8.2. Historical Market Size (in Value (US$ billion) and Volume (MT) Analysis by Packaging Type, 2019 to 2023 8.3. Current and Future Market Size (in Value (US$ billion) and Volume (MT) Analysis and Forecast by Packaging Type, 2024 to 2034 8.3.1. Box or Carton 8.3.2. Bags 8.3.3. Tin Cans 8.3.4. Pouches 8.3.5. Other packaging Types 8.4. Market Attractiveness Analysis by Packaging Type 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, Form 9.1. Introduction / Key Findings 9.2. Historical Market Size (in Value (US$ billion) and Volume (MT) Analysis by Form, 2019 to 2023 9.3. Current and Future Market Size (in Value (US$ billion) and Volume (MT) Analysis and Forecast by Form, 2024 to 2034 9.3.1. Whole 9.3.2. Fillet 9.4. Market Attractiveness Analysis by Form 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, Distribution Channel 10.1. Introduction / Key Findings 10.2. Historical Market Size (in Value (US$ billion) and Volume (MT) Analysis by Distribution Channel, 2019 to 2023 10.3. Current and Future Market Size (in Value (US$ billion) and Volume (MT) Analysis and Forecast by Distribution Channel, 2024 to 2034 10.3.1. Retail/Household 10.3.1.1. Supermarkets and Hypermarkets 10.3.1.2. Convenience Stores 10.3.1.3. Specialty Seafood Stores) 10.3.1.4. Online Retailers 10.3.2. Food Service Industry 10.4. Market Attractiveness Analysis by Distribution Channel 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 11.1. Introduction 11.2. Historical Market Size (in Value (US$ billion) and Volume (MT) Analysis by Region, 2019 to 2023 11.3. Current Market Size (in Value (US$ billion) and Volume (MT) Analysis and Forecast by Region, 2024 to 2034 11.3.1. North America 11.3.2. Latin America 11.3.3. Europe 11.3.4. East Asia 11.3.5. South Asia 11.3.6. Oceania 11.3.7. Middle East & Africa 11.4. Market Attractiveness Analysis by Region 12. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 12.1. Introduction 12.2. Pricing Analysis 12.3. Historical Market Size (US$ billion) and Volume Trend Analysis by Market Taxonomy, 2019 to 2023 12.4. Market Size (US$ billion) and Volume Forecast by Market Taxonomy, 2024 to 2034 12.4.1. by Country 12.4.1.1. USA 12.4.1.2. Canada 12.4.2. by Freezing Process Type 12.4.3. by Packaging Type 12.4.4. by Form 12.4.5. by Distribution Channel 12.5. Market Attractiveness Analysis 12.5.1. by Country 12.5.2. by Freezing Process Type 12.5.3. by Packaging Type 12.5.4. by Form 12.5.5. by Distribution Channel 12.6. Key Takeaways 13. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Size (US$ billion) and Volume Trend Analysis by Market Taxonomy, 2019 to 2023 13.4. Market Size (US$ billion) and Volume Forecast by Market Taxonomy, 2024 to 2034 13.4.1. by Country 13.4.1.1. Brazil 13.4.1.2. Mexico 13.4.1.3. Colombia 13.4.1.4. Argentina 13.4.1.5. Rest of Latin America 13.4.2. by Freezing Process Type 13.4.3. by Packaging Type 13.4.4. by Form 13.4.5. by Distribution Channel 13.5. Market Attractiveness Analysis 13.5.1. by Country 13.5.2. by Freezing Process Type 13.5.3. by Packaging Type 13.5.4. by Form 13.5.5. by Distribution Channel 13.6. Key Takeaways 14. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Size (US$ billion) and Volume Trend Analysis by Market Taxonomy, 2019 to 2023 14.4. Market Size (US$ billion) and Volume Forecast by Market Taxonomy, 2024 to 2034 14.4.1. by Country 14.4.1.1. Germany 14.4.1.2. UK 14.4.1.3. France 14.4.1.4. Italy 14.4.1.5. Spain 14.4.1.6. BENELUX 14.4.1.7. Nordic 14.4.1.8. Russia 14.4.1.9. Poland 14.4.1.10. Rest of Europe 14.4.2. by Freezing Process Type 14.4.3. by Packaging Type 14.4.4. by Form 14.4.5. by Distribution Channel 14.5. Market Attractiveness Analysis 14.5.1. by Country 14.5.2. by Freezing Process Type 14.5.3. by Packaging Type 14.5.4. by Form 14.5.5. by Distribution Channel 14.6. Key Takeaways 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Size (US$ billion) and Volume Trend Analysis by Market Taxonomy, 2019 to 2023 15.4. Market Size (US$ billion) and Volume Forecast by Market Taxonomy, 2024 to 2034 15.4.1. by Country 15.4.1.1. China 15.4.1.2. Japan 15.4.1.3. South Korea 15.4.2. by Freezing Process Type 15.4.3. by Packaging Type 15.4.4. by Form 15.4.5. by Distribution Channel 15.5. Market Attractiveness Analysis 15.5.1. by Country 15.5.2. by Freezing Process Type 15.5.3. by Packaging Type 15.5.4. by Form 15.5.5. by Distribution Channel 15.6. Key Takeaways 16. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Size (US$ billion) and Volume Trend Analysis by Market Taxonomy, 2019 to 2023 16.4. Market Size (US$ billion) and Volume Forecast by Market Taxonomy, 2024 to 2034 16.4.1. by Country 16.4.1.1. India 16.4.1.2. Thailand 16.4.1.3. Malaysia 16.4.1.4. Indonesia 16.4.1.5. Singapore 16.4.1.6. Rest of South Asia 16.4.2. by Freezing Process Type 16.4.3. by Packaging Type 16.4.4. by Form 16.4.5. by Distribution Channel 16.5. Market Attractiveness Analysis 16.5.1. by Country 16.5.2. by Freezing Process Type 16.5.3. by Packaging Type 16.5.4. by Form 16.5.5. by Distribution Channel 16.6. Key Takeaways 17. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17.1. Introduction 17.2. Pricing Analysis 17.3. Historical Market Size (US$ billion) and Volume Trend Analysis by Market Taxonomy, 2019 to 2023 17.4. Market Size (US$ billion) and Volume Forecast by Market Taxonomy, 2024 to 2034 17.4.1. by Country 17.4.1.1. Australia 17.4.1.2. New Zealand 17.4.2. by Freezing Process Type 17.4.3. by Packaging Type 17.4.4. by Form 17.4.5. by Distribution Channel 17.5. Market Attractiveness Analysis 17.5.1. by Country 17.5.2. by Freezing Process Type 17.5.3. by Packaging Type 17.5.4. by Form 17.5.5. by Distribution Channel 17.6. Key Takeaways 18. MEA Market Analysis 2019 to 2023 and Forecast 2024 to 2034 18.1. Introduction 18.2. Pricing Analysis 18.3. Historical Market Size (US$ billion) and Volume Trend Analysis by Market Taxonomy, 2019 to 2023 18.4. Market Size (US$ billion) and Volume Forecast by Market Taxonomy, 2024 to 2034 18.4.1. by Country 18.4.1.1. UAE 18.4.1.2. Saudi Arabia 18.4.1.3. Other GCC Countries 18.4.1.4. North Africa 18.4.1.5. South Africa 18.4.1.6. Central Africa 18.4.2. by Freezing Process Type 18.4.3. by Packaging Type 18.4.4. by Form 18.4.5. by Distribution Channel 18.5. Market Attractiveness Analysis 18.5.1. by Country 18.5.2. by Freezing Process Type 18.5.3. by Packaging Type 18.5.4. by Form 18.5.5. by Distribution Channel 18.6. Key Takeaways 19. Country-level Market Analysis 19.1. US Market Analysis 19.1.1. by Freezing Process Type 19.1.2. by Packaging Type 19.1.3. by Form 19.1.4. by Distribution Channel 19.2. Canada Market Analysis 19.2.1. by Freezing Process Type 19.2.2. by Packaging Type 19.2.3. by Form 19.2.4. by Distribution Channel 19.3. Brazil Market Analysis 19.3.1. by Freezing Process Type 19.3.2. by Packaging Type 19.3.3. by Form 19.3.4. by Distribution Channel 19.4. Mexico Market Analysis 19.4.1. by Freezing Process Type 19.4.2. by Packaging Type 19.4.3. by Form 19.4.4. by Distribution Channel 19.5. Argentina Market Analysis 19.5.1. by Freezing Process Type 19.5.2. by Packaging Type 19.5.3. by Form 19.5.4. by Distribution Channel 19.6. Germany Market Analysis 19.6.1. by Freezing Process Type 19.6.2. by Packaging Type 19.6.3. by Form 19.6.4. by Distribution Channel 19.7. UK Market Analysis 19.7.1. by Freezing Process Type 19.7.2. by Packaging Type 19.7.3. by Form 19.7.4. by Distribution Channel 19.8. France Market Analysis 19.8.1. by Freezing Process Type 19.8.2. by Packaging Type 19.8.3. by Form 19.8.4. by Distribution Channel 19.9. Italy Market Analysis 19.9.1. by Freezing Process Type 19.9.2. by Packaging Type 19.9.3. by Form 19.9.4. by Price Range 19.9.5. by Distribution Channel 19.10. Spain Market Analysis 19.10.1. by Freezing Process Type 19.10.2. by Packaging Type 19.10.3. by Form 19.10.4. by Distribution Channel 19.11. BENELUX Market Analysis 19.11.1. by Freezing Process Type 19.11.2. by Packaging Type 19.11.3. by Form 19.11.4. by Distribution Channel 19.12. Nordic Market Analysis 19.12.1. by Freezing Process Type 19.12.2. by Packaging Type 19.12.3. by Form 19.12.4. by Distribution Channel 19.13. Russia Market Analysis 19.13.1. by Freezing Process Type 19.13.2. by Packaging Type 19.13.3. by Form 19.13.4. by Distribution Channel 19.14. Poland Market Analysis 19.14.1. by Freezing Process Type 19.14.2. by Packaging Type 19.14.3. by Form 19.14.4. by Distribution Channel 19.15. China Market Analysis 19.15.1. by Freezing Process Type 19.15.2. by Packaging Type 19.15.3. by Form 19.15.4. by Distribution Channel 19.16. Japan Market Analysis 19.16.1. by Freezing Process Type 19.16.2. by Packaging Type 19.16.3. by Form 19.16.4. by Distribution Channel 19.17. South Korea Market Analysis 19.17.1. by Freezing Process Type 19.17.2. by Packaging Type 19.17.3. by Form 19.17.4. by Distribution Channel 19.18. India Market Analysis 19.18.1. by Freezing Process Type 19.18.2. by Packaging Type 19.18.3. by Form 19.18.4. by Distribution Channel 19.19. Thailand Market Analysis 19.19.1. by Freezing Process Type 19.19.2. by Packaging Type 19.19.3. by Form 19.19.4. by Distribution Channel 19.20. Malaysia Market Analysis 19.20.1. by Freezing Process Type 19.20.2. by Packaging Type 19.20.3. by Form 19.20.4. by Distribution Channel 19.21. Indonesia Market Analysis 19.21.1. by Freezing Process Type 19.21.2. by Packaging Type 19.21.3. by Form 19.21.4. by Distribution Channel 19.22. Vietnam Market Analysis 19.22.1. by Freezing Process Type 19.22.2. by Packaging Type 19.22.3. by Form 19.22.4. by Distribution Channel 19.23. Philippines Market Analysis 19.23.1. by Freezing Process Type 19.23.2. by Packaging Type 19.23.3. by Form 19.23.4. by Distribution Channel 19.24. Singapore Market Analysis 19.24.1. by Freezing Process Type 19.24.2. by Packaging Type 19.24.3. by Form 19.24.4. by Distribution Channel 19.25. Australia Market Analysis 19.25.1. by Freezing Process Type 19.25.2. by Packaging Type 19.25.3. by Form 19.25.4. by Distribution Channel 19.26. New Zealand Market Analysis 19.26.1. by Freezing Process Type 19.26.2. by Packaging Type 19.26.3. by Form 19.26.4. by Distribution Channel 19.27. Turkey Market Analysis 19.27.1. by Freezing Process Type 19.27.2. by Packaging Type 19.27.3. by Form 19.27.4. by Distribution Channel 19.28. Egypt Market Analysis 19.28.1. by Freezing Process Type 19.28.2. by Packaging Type 19.28.3. by Form 19.28.4. by Distribution Channel 19.29. South Africa Market Analysis 19.29.1. by Freezing Process Type 19.29.2. by Packaging Type 19.29.3. by Form 19.29.4. by Distribution Channel 19.30. GCC Countries Market Analysis 19.30.1. by Freezing Process Type 19.30.2. by Packaging Type 19.30.3. by Form 19.30.4. by Distribution Channel 20. Market Structure Analysis 20.1. Global Market Competition - a Dashboard View 20.2. Industry Structure Analysis 20.2.1. % tier 1 market players 20.2.2. % tier 2 market players 20.2.3. % tier 3 market players 20.3. Global Market Company Share Analysis 20.3.1. For Tier 1 Market Players, 2023 20.3.2. Company Market Share Analysis of Top Players, by Region 20.4. Key Participants Market Presence (Intensity Mapping) by Region 21. Competition Analysis 21.1. Competition Dashboard 21.2. Competition Benchmarking 21.3. Competition Deep Dive 21.3.1. Xiamen Taiseng Seafoods Co.,LTD 21.3.1.1. Product Portfolio 21.3.1.2. Product Claim 21.3.1.3. Revenue by Market Segments 21.3.1.4. Sales Footprint 21.3.1.5. Strategy Overview 21.3.1.5.1. Marketing Strategy 21.3.1.5.2. Product Strategy Channel Strategy 21.3.1.6. SWOT Analysis 21.3.2. Marine Harvest AS 21.3.3. WHOLEY'S 21.3.4. Alga International 21.3.5. China Boasea Seafood Co.,Ltd 21.3.6. Lyons Seafoods Ltd 21.3.7. TLC Thai Lien 21.3.8. Makefood International. 21.3.9. Shishi Zhengyuan Aquatic Product co.,Ltd 21.3.10. SODEX 21.3.11. AFY GIDA 21.3.12. Kavil traders 21.3.13. Kingsun Foods Co.,Ltd. 21.3.14. Marine Foods B.V. 21.3.15. Sardina d.o.o. 21.3.16. Dias Food Industries 21.3.17. Clearwater Seafoods 21.3.18. Leroy Seafoods 21.3.19. Other Players (On Additional Requests) 22. Assumptions and Acronyms Used 23. Research Methodology
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