Processed Seafood & Seafood Processing Equipment Market Trends and Forecast to 2026

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Processed Seafood Seafood Processing Equipment
Market To Reach USD 2.18 Billion By 2026
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Market Summary
High demand for processed and canned seafood,
continuous rise in population, increasing health
concerns among the population, higher investments
in research and development coupled with rising
awareness regarding the benefits of these foods
are the key factors resulting in high CAGR of the
industry. According to the current analysis of
Reports and Data, the global Processed Seafood
Seafood Processing Equipment market was valued at
USD 1.4 Billion in 2018 and is expected to reach
USD 2.18 Billion by the year 2026, at a CAGR of
5.7.
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Our Approach
Market Summary

• Seafood comprises of all bony fishes, mollusks
  and shellfishes. Millions of people across the
  globe depend on these as their primary nutrient
  source. Health benefits provided by these foods
  are the major reason for their increasing demand.
  It is a good source of protein and contains less
  fat as compared to other animal protein sources.
  It is highly beneficial for heart patients on
  account of its low cholesterol. Additionally, it
  contains essential vitamins necessary for human
  bodies such as vitamin B, iodine, zinc, and
  potassium.
• A rise in disposable income has led to high
  demand for these products in developing
  economies. Growing heart diseases and
  cholesterol has urged people to shift to more
  nutritious and healthy products for consumption.
  Moreover, increasing awareness regarding the
  benefits of aquatic food items coupled with the
  introduction of new processing techniques is
  expected to drive the industry for processed
  seafood equipment. Increasing investments and
  expansion of the seafood processing industry is
  expected to drive the growth for processed
  seafood market. For example, on April 23, 2018,
  Hofseth Aalesund AS announced about its
  investment plans in BAADER, one of the leading
  food processing companies this investment is
  expected to expand the production capacity of the
  fillet.
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Our Approach
Market Summary

• Further key findings from the report suggest
• This sector converts the whole fish or shellfish
  caught by the fishermen or produced through
  aquaculture operations into consumable items that
  are sold in the retail stores and restaurants.
• This industry is growing at a CAGR of 6.2 in the
  Asia Pacific followed by Europe and North
  America, with 5.5 and 5.4 CAGR, respectively.
  High demand for processed and canned aquatic food
  products due to the changing lifestyle coupled
  with increasing health concerns is expected to
  drive the growth for seafood processing
  equipment.
• As of 2018, the Fish product segment is the
  dominating sub-segment in the Seafood Processing
  Equipment which holds 44.1 of the global market.
  Asian Pacific regional market is the chief
  revenue-generating source for this product
  segment, followed by Europe and North America
  regions.
• The commercial segment consumed by Americans
  primarily came from three major different
  sources U.S. commercial fisheries, U.S.
  aquaculture production, or imports brought into
  the U.S. from other countries.
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  report-detail/processed-seafood-and-seafood-proces
  sing-equipment-market

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Our Approach
Market Summary

• Companies considered and profiled in this market
  study
• Middleby Corporation (US), GEA Group (Germany),
  John Bean Technologies Corporation (US), The
  BAADER-Group (Germany), Grieg Seafood, Skaginn 3X
  (Iceland), Guolian Aquatic Products, Zhengda Food
  Machinery Co. Ltd (China), Marine Harvest and
  Thai Union Frozen Products
• For the purpose of this report, Reports and Data
  has segmented the Processed Seafood Seafood
  Processing Equipment market on the basis of type,
  equipment type, product type, end use, and
  region
• Type (Revenue, USD Million 20162026)Fish
• Crustaceans
• Mollusks
• Others
• Equipment Type (Revenue, USD Million 20162026)
• Slaughtering
• Gutting
• Scaling
• Filleting
• Others

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Our Approach
Market Summary

• Product Type (Revenue, USD Million 20162026)
• Frozen
• Smoked
• Canned
• Dried
• Others
• End Use (Revenue, USD Million 20162026)
• Hypermarkets
• Supermarkets
• Food Specialty Stores
• Convenient Stores
• Others
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Our Approach
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