The growing consumer demands for premium sea food available in different flavors is boosting the potential for market.

PORTLAND, OR, US, February 16, 2023 /EINPresswire.com/ -- Allied Market Research published a report, titled, "Canned Sardines Market by Processing (Oil, Sauce, Others), by Application (Households, Commercial), by Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online Sales Channel): Global Opportunity Analysis and Industry Forecast, 2020-2031". According to the report, the global canned sardines industry generated $7.9 billion in 2020, and is anticipated to generate $15.8 billion by 2031, witnessing a CAGR of 6.3% from 2022 to 2031.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗧𝗵𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗣𝗗𝗙 𝗢𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.alliedmarketresearch.com/request-sample/7776

Prime determinants of growth

Sardines, as one of the healthiest sea foods, are easy to sell in the canned version. Taste, durability, and perseverance of nutritional content are driving the canned sardines market growth. Moreover, the growing consumer demands for premium sea food available in different flavors present new opportunities in the coming years.

𝗧𝗼𝗽 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀 𝗜𝗻𝗰𝗹𝘂𝗱𝗲𝗱:

The major players analyzed for global canned sardines industry are Camil Alimentos, Century Pacific Food, Chicken of the Sea, Dongwon, Frinsa del Noroeste, Grupo Calvo, Ligo, Safe Catch, Thai Union Group (TUF), and Season Sardines. These major market players have adopted various strategies to expand their market reach. The strategies adopted in the market are product launch and acquisition. The new market players are also entering the market with new products.

𝗕𝘂𝘆 𝗡𝗼𝘄 & 𝗚𝗲𝘁 𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 : https://www.alliedmarketresearch.com/checkout-final/60161d455453e2f1b620ef8977e143e1

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗢𝘂𝘁𝗹𝗼𝗼𝗸:

Asia-Pacific to maintain its dominance by 2031

Based on region, Asia-Pacific held the highest market share in terms of revenue 2020, accounting for more than one-third of the global canned sardines market. Moreover, the same region is expected to witness the fastest CAGR of 7.1% from 2022 to 2031. The factors such as easy and wide availability of canned sardines, attractive packaging of sardines, and growing preference for seafood are boosting the growth of the canned sardines market in Asia-Pacific region during the forecast period. Other regions discussed in the report include North America, Europe, and LAMEA.

Key Benefits For Stakeholders

-> This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the market analysis from 2020 to 2031 to identify the prevailing canned sardines market opportunities.
-> The market research is offered along with information related to key drivers, restraints, and opportunities.
-> Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
-> In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
-> Major countries in each region are mapped according to their revenue contribution to the global market.
-> Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

𝗚𝗲𝘁 𝗬𝗼𝘂𝗿 𝗥𝗲𝗽𝗼𝗿𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗲𝗱: https://www.alliedmarketresearch.com/request-for-customization/7776

On the basis of distribution channel, it is categorized into supermarkets & hypermarkets, convenience stores, specialty stores, and online sales channel. The online sales channel segment is anticipated to grow at highest CAGR during the forecast period, due to the rise in internet penetration and usage of smartphones and tablets.

𝗖𝗵𝗲𝗰𝗸 𝗼𝘂𝘁 𝗺𝗼𝗿𝗲 𝗿𝗲𝗹𝗮𝘁𝗲𝗱 𝘀𝘁𝘂𝗱𝗶𝗲𝘀 𝗽𝘂𝗯𝗹𝗶𝘀𝗵𝗲𝗱 𝗯𝘆 𝗔𝗠𝗥 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵:

Processed Fish Market - https://www.alliedmarketresearch.com/processed-fish-market-A16983

Canned Cocktails Market - https://www.alliedmarketresearch.com/canned-cocktails-market-A11026

Canned Tropical Fruit Market - https://www.alliedmarketresearch.com/canned-tropical-fruit-market-A11002

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Allied Analytics LLP
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