Global Seafood Processing Equipment Market, By Seafood Type (Crustaceans, Fish, Mollusks, Others), Equipment Type (Slaughtering Equipment, Smoking, Curing and Filling Equipment, Gutting Equipment, Scaling Equipment, Skinning Equipment, Filleting Equipment, Deboning Equipment, Others), Product Type (Frozen Seafood, Smoked Seafood, Canned Seafood, Dried Seafood, Surimi Seafood), Distribution Channel (Hypermarkets, Supermarkets, Food Speciality Stores, Convenient Stores), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Seafood Processing Equipment Market Analysis and Insights
Seafood processing equipment market size is valued at USD 2.89 billion by 2028 and is expected to grow at a compound annual rate of 4.01% in the forecast period 2021 to 2028. The rapid surge in the purchasing power of consumers is the factor for the seafood processing equipment market in the forecast period of 2021 to 2028.
Seafood is professed as an excellent source of high-quality protein containing lipids, high levels of unsaturated fatty acids and probably augments human health by dropping the risk of cardiovascular disease. The equipment required to process different types of seafood differ on the basis of function and these equipments consist of gutting, skinning, scaling, filleting, deboning and others.
The major growing factor towards seafood processing equipment market is the increased consumption rate of processed seafood products. The prime factor driving the demand for seafood processing equipment is the growing health consciousness among consumers. Furthermore, the increased seafood trades as well as the high growth of the aquaculture industry and changing consumer lifestyles are also heightening the overall demand for seafood processing equipment market over the forecast period of 2021 to 2028. Moreover, the rising disposable income, increasing population and rapid urbanization also serves as foremost drivers for increasing the demand for seafood processing equipment market at a global level. In addition, the stringent governments regulations regarding food and associated industries are estimated to increase consumer inclination towards seafood and rapid increase in demand for automated equipment by food processing industry are also lifting the growth of the seafood processing equipment market.
However, the high capital investment with a low replacement frequency and waning seafood population due to overfishing are projected to act as a restraint towards the growth of seafood processing equipment market, whereas the increasing food safety and regulatory compliance requirements have the potential to challenge the growth of the seafood processing equipment market.
Moreover, the rapid advancements in seafood processing technologies as well as better packaging solutions resulting in longer shelf life of processed seafood products will further generate new opportunities for the seafood processing equipment market in the forecast period of 2021 to 2028.
This seafood processing equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on seafood processing equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Seafood Processing Equipment Market Scope and Market Size
Seafood processing equipment market is segmented on the basis of seafood type, equipment type, product type and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of seafood type, the seafood processing equipment market has been segmented into crustaceans, fish, mollusks and others.
- Based on equipment type, the seafood processing equipment market has been segmented into slaughtering equipment, smoking, curing and filling equipment, gutting equipment, scaling equipment, skinning equipment, filleting equipment, deboning equipment and others.
- On the basis of product type, the seafood processing equipment market has been segmented into frozen seafood, smoked seafood, canned seafood, dried seafood and surimi seafood.
- The distribution channel segment of the seafood processing equipment has been segmented into hypermarkets, supermarkets, food speciality stores and convenient stores.
Seafood Processing Equipment Market Country Level Analysis
Seafood processing equipment market is analyses and market size, volume information is provided by country, seafood type, equipment type, product type and distribution channel as referenced above.
The countries covered in the seafood processing equipment market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific leads the seafood processing equipment market because of the investments in technology and research in the region. Europe is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the increasing demand for high-quality systems from several major industries within this region.
The country section of the seafood processing equipment market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Seafood Processing Equipment Market Share Analysis
Seafood processing equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to seafood processing equipment market.
The major players covered in the seafood processing equipment report are GEA Group Aktiengesellschaft, Millard Manufacturing Corporation, RISCO S.p.A, BIRO Manufacturing Company, Minerva Omega group s.r.l., Apache Stainless Equipment, Marel, BAADER, CTB, INC., Ross Industries, Inc., Cabinplant, Pisces Fish Machinery Inc., Bettcher Industries, Inc., BRAHER INTERNACIONAL, S.A., Illinois Tool Works Inc., Key Technology, Kaj Olesen A/S, PSS SVIDNÍK, a.s., Gee Gee Foods & Packaging Co. Pvt. Ltd., and The Middleby Corporation, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provide competitive analysis for each competitor separately.