Seafood is perceived as an excellent source of high-quality protein holding lipids, high levels of unsaturated fatty acids, and possibly augments human health by reducing the risk of cardiovascular disease. There are numerous species of seafoods falling primarily under the category of four types, namely finfish, crustaceans, mollusks, and others. The equipment required to process different types of seafoods vary on the basis of purpose. The types of equipment covered in this report consist of gutting, scaling, skinning, deboning, filleting, and others.
The demand for seafood and seafood products has grown exponentially over the years, owing to rise in health consciousness, growth in population, and an increase in disposable income among consumers worldwide. Moreover, rise in trend regarding proper intake of nutrition required to maintain optimal health boosts the market growth. Since seafoods make a good and high-quality source of protein, the preference for consuming seafood and seafood products has gained momentum. This has consequently driven the market demand for the equipment required to process these seafoods throughout the value chain. Furthermore, rise in demand for automated machinery by manufacturers in the food processing industry has created a positive impact on the seafood processing equipment market. The growing popularity of fish and seafood specialties has compelled processors to use enhanced equipment to meet the market demand. However, the deterioration of marine bodies due factors such as high-water acidity and increased uptake of carbon dioxide negatively affected the population of several seafood species and hence this can pose a major threat to the seafood processing equipment market.
On the contrary, the development of intelligent equipment for smart factories through data analytics and integrated technologies are set to gain great significance. Adopting unceasing innovation through extensive research and development to not only sustain the competition but also satisfy the customers changing demand can be regarded as an opportunity for manufacturers to expand the market base.
The global seafood processing equipment market is segmented into seafood type, equipment types, and region. The seafood type segment comprises finfish, crustaceans, mollusks, and others. The equipment types covered in the study include gutting, scaling, skinning, deboning, filleting, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players in the global seafood processing equipment industry analyzed in this report include Marel, JBT, BAADER, Seafood Technology Limited, Cabinplant, Pisces Fish Machinery Inc., M.T.C. Food Equipment, Inc., Uni-Food Technic A/S, Subzero, and SEAC AB.
Key Benefits for Stakeholders
KEY MARKET SEGMENTS
By Seafood Type
By Equipment Types
By Region
North America
Europe
Asia-Pacific
LAMEA
The demand for seafood and seafood products has grown exponentially over the years, owing to rise in health consciousness, growth in population, and an increase in disposable income among consumers worldwide. Moreover, rise in trend regarding proper intake of nutrition required to maintain optimal health boosts the market growth. Since seafoods make a good and high-quality source of protein, the preference for consuming seafood and seafood products has gained momentum. This has consequently driven the market demand for the equipment required to process these seafoods throughout the value chain. Furthermore, rise in demand for automated machinery by manufacturers in the food processing industry has created a positive impact on the seafood processing equipment market. The growing popularity of fish and seafood specialties has compelled processors to use enhanced equipment to meet the market demand. However, the deterioration of marine bodies due factors such as high-water acidity and increased uptake of carbon dioxide negatively affected the population of several seafood species and hence this can pose a major threat to the seafood processing equipment market.
On the contrary, the development of intelligent equipment for smart factories through data analytics and integrated technologies are set to gain great significance. Adopting unceasing innovation through extensive research and development to not only sustain the competition but also satisfy the customers changing demand can be regarded as an opportunity for manufacturers to expand the market base.
The global seafood processing equipment market is segmented into seafood type, equipment types, and region. The seafood type segment comprises finfish, crustaceans, mollusks, and others. The equipment types covered in the study include gutting, scaling, skinning, deboning, filleting, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players in the global seafood processing equipment industry analyzed in this report include Marel, JBT, BAADER, Seafood Technology Limited, Cabinplant, Pisces Fish Machinery Inc., M.T.C. Food Equipment, Inc., Uni-Food Technic A/S, Subzero, and SEAC AB.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global seafood processing equipment market size from 2019 to 2026 to identify the prevailing seafood processing equipment market opportunity.
- The key countries in all the major regions are mapped based on their market share.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- A comprehensive analysis of factors that drive and restrict the seafood processing equipment market growth is provided.
- An in-depth analysis of the global seafood processing equipment market helps determine the prevailing market opportunities.
- The report includes details of the analysis of the regional and global markets, key players, market segments, application areas, and growth strategies.
KEY MARKET SEGMENTS
By Seafood Type
- Finfish
- Crustaceans
- Mollusks
- Others
By Equipment Types
- Gutting
- Scaling
- Skinning
- Deboning
- Filleting
- Others
By Region
North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- Italy
- UK
- Spain
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- Australia
- Rest of Asia-Pacific
LAMEA
- Middle East
- Latin America
- Africa
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Seafood Processing Equipment Market, By Seafood Type
Chapter 5: Seafood Processing Equipment Market, By Equipment Type
Chapter 6: Seafood Processing Equipment Market, By Region
Chapter 7: Competitive Landscape
Chapter 8: Company Profiles
Executive Summary
According to the report titled, 'Seafood Processing Equipment Market by Seafood Type and Equipment Type: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global seafood processing equipment market size was valued at $2,261.7 million in 2018, and is projected to reach $3,478.6 million by 2026, registering a CAGR of 5.7% from 2019 to 2026.Seafood refers to a wide array of marine edibles considered as food by humans. It prominently comprises finfish, crustaceans, mollusks, and others. The purpose of processing and conserving seafood is to get them to the ultimate consumer in a good, edible condition. Fish begins to spoil as soon as it is caught, perhaps even before it is taken out of the water. Therefore, the key to delivering a high-quality produce is by paying close attention to small details throughout the entire process of preparation, catching, landing, handling, storage, and transport. Hence, a large number of seafood processing equipment that target a specific purpose have been developed and introduced in the market to enable optimal and efficient processing of seafood. They consist of machinery used for diverse purposes such as gutting, scaling, deboning, skinning, filleting, and others.
Changes in dietary habits of consumers worldwide have brought a continuous rise in the demand not only for seafood overall but also for distinguished and value-added seafood products. Consumer tastes have broadened, owing to international social and cultural integration. Consequently, the demand for seafood processing equipment by manufactures globally has witnessed a positive growth. In addition, globalization, trade liberalization, and technological advancements have resulted in a rapid expansion rate of international trade of seafood and seafood products. Novel processing technologies are thereby discovered and implemented to deliver safe, fresher-tasting, nutritive seafoods manufactured without the use of chemical preservatives. This has cumulatively led to an increase in the availability of seafood and its products across several regions worldwide and hence created a spurring impact on the seafood processing equipment market.
The finfish segment is anticipated to exhibit the highest growth during the seafood processing equipment market forecast period. Finfish are characteristically tender, effortlessly digested, and a good source of several vital minerals. They comprise the widest variety of seafood such as cod, tuna, salmon, whitefish, and pelagic, which are easily available and hence have been consumed by humans traditionally and continue to do so. The equipment required to process finfish are consequently necessitated the most to meet the processing and consumer demand.
The global seafood processing equipment market analysis is carried on the basis of seafood type, equipment types, and region. The seafood type segment comprises finfish, crustaceans, mollusks, and others. The equipment types covered in the study include gutting, scaling, skinning, deboning, filleting, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings of the Seafood Processing Equipment Market:
Based on seafood type, the finfish segment accounted for approximately 66% of the shares of the total in the global seafood processing equipment market in 2018.
Based on seafood type, the crustacean segment is expected to grow at the highest CAGR of 6.20% during the forecast period.
Based on equipment type, the other seafood segment accounted for approximately 28% of the total shares in the global market in 2018.
Based on equipment type, the deboning segment in the global seafood processing equipment market is expected to grow at the fastest CAGR of 6.20 % during the forecast period.
Based on region, the Asia-Pacific segment accounted for approximately 65.93% of the total shares in the global market in 2018 and is expected to grow at the highest CAGR of 5.80%.
The major players in the global seafood processing equipment industry analyzed in this report include Marel, JBT, BAADER, Seafood Technology Limited, Cabinplant, Pisces Fish Machinery Inc., M.T.C. Food Equipment, Inc., Uni-Food Technic A/S, Subzero, and SEAC AB.
Companies Mentioned
- Marel
- JBT
- BAADER
- Seafood Technology Limited
- Cabinplant
- Pisces Fish Machinery Inc.
- M.T.C. Food Equipment Inc.
- Uni-Food Technic A/S
- Subzero
- SEAC AB
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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