Sardine is a nutrient-rich, oily fish widely consumed by humans and as bait fish for larger fishes, sea animals, and other mammals. It is considered a healthy source of omega-3 fatty acids and is high in protein and calcium. Sardine has a wide distribution in Northeast Atlantic and the Mediterranean Sea. Sardine market is growing at a steady pace owing to the health benefits it provides including improved heart functions, maintaining cholesterol levels, immune system improvement, cardiovascular health, reduce the risk of Alzheimer’s disease, boost brain function, and lower the blood sugar level. The narrowing supply-demand balance existing in global markets for multiple species, with an entirely positive global economic outlook for the forecast period, suggest that the extensive strengthening of sardine demand will continue.
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Sardine Market: Dynamics
Fishes are the key source of omega-3 fatty acids and DHA, which are known globally as a key aspect in human health. Sardines are considered among the world’s healthiest kinds of seafood and until recently, have only had niche appeal. However, the sardine market has grown and gained significant popularity.
Commercially, sardines are caught for a range of uses including direct consumption, for bait, drying, canning, and smoking and reduction into fish meal. Though, the primary use of sardines is for human consumption. The growth of premium seafood has given rise to demand for organic certified sardine. Furthermore, the price of sardines is lower as compared to other fish species with the same nutritional values, which is anticipated to help the growth of the sardine market.
Sardine Market: Segmentation
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Sardine Market: Regional Outlook
Sardine market has recorded a weighty growth in the last few years on the outline of various product launches. For instance, in 2013, StarKist Co., a U.S based food company focused on healthy, shelf-stable products, introduced Gourmet Select Sardines in three different flavorful gourmet sauces which include; classic Extra Virgin Olive Oil, Whole Grain Dijon Mustard, and rustic Tuscan Style Tomato Sauce.
Also, the manufacturers emerging in the sardine market are laying the groundwork for the market growth. For instance, Grupo Pinsa, the owner of the Mexican firm Dolores, a leader and one of the most recognized tuna brands invested 30 Million US dollars in a canning and freezing facility to enter the sardine market.
Sardine Market: Key Players
Some of the key players operating in the global sardine market are Season Brand, King Oscar, Beach Cliff, Crown Prince, Inc., Olig Seafood, Emilia Foods International, Litoralfish, Sea Gold SRL, Sanyo Corporation, DSI Foods Limited, Vialco Skourtopoulos S.A., Ocean Develop Seafoods, Inc., Dacheng International Trade Co.,Ltd., P Interfood, Mikado Foods, Bumble Bee Foods, Ongreen Thailand Co., Century Pacific Food, among others.
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