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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