Frozen Sardine Market – Growth, Demand & Trade Dynamics

Frozen Sardine Market Outlook from 2024 to 2034

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

• The demand for frozen sardines has been experiencing stable growth in recent years. The rising popularity of ready-to-eat products and growing awareness about the health benefits offered by frozen sardines are contributing to the growth of the market.
• They are becoming more popular than other types of fish due to their year-round availability.
• Frozen sardines are also gaining retail shelf space in remote areas due to their long shelf life and nutritional value as a frozen product.

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%

Key Trends Impacting the Sales in the Frozen Sardine Market

• Manufacturers are positioning frozen sardines as a healthy and convenient protein source for consumers focused on wellness and a balanced diet.
• The increasing popularity of frozen seafood and the emphasis on sustainability and health are expected to further fuel the demand for frozen sardines.
• Busy consumers are increasingly seeking quick and easy meal solutions, making frozen seafood an attractive option.
• As consumers seek convenient, healthy protein options, the frozen sardine market is poised for steady long-term growth.
• The popularity of global and ethnic cuisines has contributed to the demand for specific types of seafood, including frozen sardines. Frozen sardines are used in various traditional dishes in Mediterranean and Asian cuisines, and the increasing popularity of these cuisines has driven demand.
• Increasing collaborations with chefs and nutritionists to create and promote recipes featuring frozen sardines are also stimulating growth in the market.
• Surging experiments with unique flavor profiles, coatings, or accompaniments to differentiate products are also contributing to the market’s growth.
• The past few years have seen relentless growth in eCommerce and consumers’ demand for convenience and cost-effectiveness. Owing to this, online retail and distribution channels are expected to grow significantly over the forecast period. Online websites are expected to offer help to small players in the frozen sardine industry who do not have the bandwidth to spread across global platforms.

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.

Historical Analysis of the Frozen Sardine Market vs. Demand Forecast

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:

• Increasing knowledge about the health and nutritional benefits of consuming frozen sardines
• Focus of key merchants on sustainability and responsible sourcing
• Emphasis on innovation in product offerings by active players
• The growth of eCommerce platforms allows consumers to easily browse and purchase a variety of frozen seafood products
• Innovations in freezing technologies play a role in maintaining the quality of frozen sardines. Quick freezing methods that preserve the texture and flavor of the fish are often favored in the market.

Country-wise Insights

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%

Availability of Numerous Fish Species in China to Push Demand for Frozen Sardines

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.

• China's active engagement in aquaculture has significantly expanded the availability of frozen sardines, meeting the growing demand in the market.
• The country's participation in international trade and globalization allows consumers to access a diverse range of frozen sardine fish from different regions.
• Improved retail and distribution channels, along with product innovation and effective marketing, further enhance the accessibility and popularity of frozen sardines across various regions in China.
• As these trends persist and consumer preferences continue to evolve, the growth trajectory of the frozen sardine industry in China remains robust.

Growing Popularity of Sustainable Fish Products in the United Kingdom

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 demand for convenient and easy-to-prepare food options continues to drive the frozen food market as consumers in the United Kingdom lead increasingly busy lifestyles.
• Consumers in the United Kingdom are becoming environmentally conscious, leading to an increased preference for sustainably sourced seafood. Companies emphasizing sustainable fishing practices and certifications may gain a competitive edge.

The United States is Projected to Remain an Important Market for Frozen Sardines

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:

• Several companies are popping up to provide fast fish and seafood delivery, thus leveraging the robust eCommerce sector in the country.
• The multicultural nature of the United States population contributes to diverse culinary preferences. Frozen sardines are used in various cuisines, and companies may tailor their products to meet these diverse tastes.
• The country is an important importer of frozen sardines, which is also contributing to the increasing value of the frozen sardine industry.

Sardine Consumption Rolled with Age-old Traditions in Japan to Fuel Market’s Value

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:

• The increasing concentration of manufacturers and suppliers of sardine fish in Japan is indicative of the growth potential of this market.
• The tradition of eating sardines on various occasions in Japan is expected to propel continued consumption of frozen sardines over the forecast period.

Emerging Opportunities for Market Players in South Korea

South Korea is anticipated to attract market stakeholders and investors. The leading factors that are responsible for market growth are:

• Diverse culinary preferences, coupled with a growing emphasis on health and nutrition, contribute to the appeal of sardines.
• Sardine imports are sharply rising in South Korea as consumers become aware of the various health benefits associated with their consumption.

Category Wise Insights

Increasing Demand for Frozen Fish Fillet by Modern Consumers

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.

• Fillet seafood is favored by consumers due to its advantages, it comes pre cleaned and trimmed, it simplifies the cooking and serving process.
• Whole fish requires additional preparation steps, including cutting and cleaning, which are time consuming.
• These factors are driving the significant demand for frozen fish fillet in the market.

Consumers Prefer Online Retail Channels to Buy Frozen Sardines Products

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.

• Consumer preference is increasing due to the easy use of online shopping, as well as its wide range of products and time-saving advantages.
• The transparent information on online platforms and technological advancements that improve the whole buying experience are in line with the changing consumer preferences for digital transactions.
• As e-commerce expands globally, customers can purchase a greater range of frozen sardines items due to its global reach. The increasing trend of online channels highlights how they are important to catering consumer tastes in the frozen sardine business.

Competitive Landscape

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

• In 2022, Killybegs-based Shines Seafood launched Shines Irish Sardines. With this development, the company becomes #1 to sell Irish sardines in retail outlets in Ireland.
• In September 2020, Fish Tales, a sustainable seafood brand founded by Bart van Olphen, announced the launch of a new Sea Tales brand in the United States.

Key Players in the Frozen Sardine Market

• Xiamen Taiseng Seafood Co. Ltd
• Marine Harvest AS
• WHOLEY'S
• Alga International
• China Boasea Seafood Co. Ltd
• Lyons Seafood Ltd
• TLC Thai Lien
• Makefood International
• Shishi Zhengyuan Aquatic Product Co. Ltd
• SODEX
• AFY GIDA
• Kavil traders
• Kingsun Foods Co. Ltd.
• Marine Foods B.V.
• Sardina d.o.o.
• Dias Food Industries
• Clearwater Seafood
• Leroy Seafood

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Dynamics
• 4. Global Market - Pricing Analysis
• 5. Value Chain Analysis
• 6. Global Market Size (in Value (USD billion) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034
• 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Freezing Process Type
  • 7.1. BQF
  • 7.2. IQF
• 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Packaging Type
  • 8.1. Box or Carton
  • 8.2. Bags
  • 8.3. Tin Cans
  • 8.4. Pouches
  • 8.5. Other Packaging Types
• 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Form
  • 9.1. Whole
  • 9.2. Fillet
• 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Distribution Channel
  • 10.1. Retail/Household
    • 10.1.1. Supermarkets and Hypermarkets
    • 10.1.2. Convenience Stores
    • 10.1.3. Specialty Seafood Stores
    • 10.1.4. Online Retailers
  • 10.2. Food Service Industry
• 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
  • 11.1. North America
  • 11.2. Latin America
  • 11.3. Europe
  • 11.4. East Asia
  • 11.5. South Asia
  • 11.6. Oceania
  • 11.7. Middle East & Africa
• 12. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 13. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 14. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 16. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 17. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 18. MEA Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 19. Country-level Market Analysis
• 20. Market Structure Analysis
• 21. Competition Analysis
  • 21.1. Xiamen Taiseng Seafoods Co., LTD
  • 21.2. Marine Harvest AS
  • 21.3. WHOLEY'S
  • 21.4. Alga International
  • 21.5. China Boasea Seafood Co., Ltd
  • 21.6. Lyons Seafoods Ltd
  • 21.7. TLC Thai Lien
  • 21.8. Makefood International
  • 21.9. Shishi Zhengyuan Aquatic Product Co., Ltd
  • 21.10. SODEX
  • 21.11. AFY GIDA
  • 21.12. Kavil Traders
  • 21.13. Kingsun Foods Co., Ltd
  • 21.14. Marine Foods B.V.
  • 21.15. Sardina d.o.o.
  • 21.16. Dias Food Industries
  • 21.17. Clearwater Seafoods
  • 21.18. Leroy Seafoods
  • 21.19. Other Players (On Additional Requests)
• 22. Assumptions and Acronyms Used
• 23. Research Methodology