Seafood Processing Equipment Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2018-2028, Segmented By Seafood Type ; By Equipment Type ; By Distribution Channel ; By Application ; By Region

Description

Global Seafood Processing Equipment Market to Grow at a CAGR of 6.7% during Forecast Period

Global seafood processing equipment market is growing at a high CAGR because of the increasing growth of the seafood trade, increase in demand for processed seafood, and development of the aquaculture industry.

A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global seafood processing equipment market was worth USD 2.06 billion in the year 2021. The market is projected to grow at a CAGR of 6.7% from 2022-2028 (forecast period), earning revenues of around USD 3.22 billion by the end of 2028. The global seafood processing equipment market is booming because of the rising demand for more automated food processing equipment, growing consumption of processed seafood, health consciousness, increased seafood trades, rapid aquaculture business expansion, and changing customer lifestyles. Rising disposable income, population growth, and urbanization drive seafood equipment demand. Demand for automated food processing equipment is fueling the seafood processing equipment market.

Processing seafood generates a large volume of wastewater with high BOD and TSS values which in turn urges the need of seafood processing equipment

The processing of seafood results in the generation of a considerable volume of wastewater that contains comparatively high levels of biological oxygen demand (BOD) and total suspended particles (TSS). This is one of the most important elements that is driving the need for seafood processing equipment so that businesses can manage odors that come from the storage and cooking of products and comply with tight rules for the disposal of food waste thereby giving a boost in the global seafood processing equipment market.

Changing lifestyles and increased health consciousness among consumers are driving global demand for seafood products, which is expanding the market

Shifting lifestyles and rising levels of health consciousness among consumers are elevating the demand for seafood products all over the world, which, in turn, is adding to the expansion of the market. This demand is driving the growth of the market. Aside from this, the growing trend of pet humanization, the ability of the masses to spend money, and worries among pet parents about the well-being of their pets are all positively impacting the adoption of healthy pet food that contains seafood.

Rapid technological advances in seafood processing and packaging increase the use of automated equipment, which improves industrial operations and product quality

Rapid technological advancements in seafood processing technologies and improvements in packaging solutions are promoting the use of automated equipment, which helps to perform complex manufacturing operations and facilitates the quality of food that is desired. This is driving the need for automated equipment. Additionally, numerous prominent players are investing in research and development (R&D) operations in order to introduce innovative designs with expanded capacities, which is anticipated to increase the sales of seafood processing equipment all over the world rapidly.

Challenge

Market expansion is also being stymied by the pollution/contamination of aquatic products

Manufacturers have very little control over the origin of the raw fish and seafood they use in their products because the quality of these inputs can be affected by such a wide variety of both natural and artificial factors. It covers the damage that pollutants have caused to the ocean, which has led to the prohibition of products produced from water bodies with similar pollution levels. In some instances, the damage was so pervasive that it resulted in the extinction of the species in its whole.

Segmental Coverage

Global Seafood Processing Equipment Market - By Application

On the basis of application, global seafood processing equipment market is divided into frozen seafood, smoked seafood, canned seafood, dried seafood and others. The value of the market was dominated by frozen seafood products once they were analyzed. On the other hand, it is anticipated that the market for canned seafood would record the highest CAGR throughout the course of the projection period. As a result of the ever-changing culinary preferences of consumers, smoked seafood emerged as the product category that contributed the second-most to the overall market in terms of both value and market share. Due to the dynamic nature of consumers' taste preferences and the fact that they are constantly changing over time, this is one of the most important product categories.

Global Seafood Processing Equipment Market - Regional Insights

On the basis of regional, market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Revenue from the global market for seafood processing equipment is expected to be led by the North American market over the forecast period, thanks to rising per capita incomes and consumer preferences for seafood prepared in North American countries. As the population of people who eat seafood grows and as local countries set trends in consumption toward healthier eating, the Asia Pacific market is projected to account for the second biggest revenue share in the global market for seafood processing equipment and processed seafood.

Impact of COVID-19 on Global Seafood Processing Equipment Market

Since the beginning of the COVID-19 epidemic in December 2019, the worldwide market for seafood processing equipment has been significantly impacted. This is because the global shortages of both manual laborers and the rigorous travel regulations that have been enforced everywhere in the world have limited the transport of both raw materials and finished goods. There was also an effect on the global market for seafood processing equipment due to the rapid closure of enterprises and the introduction of social distancing legislation, both of which affected employment in the manufacturing sector.

Competitive Landscape

Some of the most well-known companies in the global seafood processing equipment market are Mowi, JBT, Marel, BAADER, Seafood Technology Limited, Pisces Fish Machinery Inc., Cabinplant A/S, Uni-Food Technic A/S, M.T.C. Food Equipment, Inc., CERMAQ, and others. Spending on R&D, using cutting-edge technology, and delivering improved products are all ways that market leaders keep their positions at the top. Strategies such as merging and forming partnerships are employed.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global seafood processing equipment market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the global seafood processing equipment market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC22495

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Research Methodology

2.1. Qualitative Research
- 2.1.1. Primary & Secondary Research
2.2. Quantitative Research
2.3. Market Breakdown and Data Triangulation
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents
2.5. Assumption & Limitation

3. Executive Summary

4. Global Seafood Processing Equipment Market Insights

4.1. Industry Value Chain Analysis
4.2. DROC Analysis
- 4.2.1. Growth Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
- 4.2.4. Challenges
4.3. Technological Advancement/Recent Development
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
- 4.5.1. Bargaining Power of Suppliers
- 4.5.2. Bargaining Power of Buyers
- 4.5.3. Threat of New Entrants
- 4.5.4. Threat of Substitutes
- 4.5.5. Intensity of Rivalry

5. Global Seafood Processing Equipment Market Overview

5.1. Market Size & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Million)
- 5.1.2. By Volume (Thousand Units)
5.2. Market Share & Forecast
- 5.2.1. By Seafood Type
  - 5.2.1.1. Fish
  - 5.2.1.1.1. Salmon
  - 5.2.1.1.2. Tuna
  - 5.2.1.1.3. Pollock
  - 5.2.1.1.4. Others
  - 5.2.1.2. Crustaceans
  - 5.2.1.2.1. Crabs
  - 5.2.1.2.2. Shrimps
  - 5.2.1.2.3. Prawns
  - 5.2.1.2.4. Others
  - 5.2.1.3. Mollusks
  - 5.2.1.3.1. Scallops
  - 5.2.1.3.2. Oysters
  - 5.2.1.3.3. Others
  - 5.2.1.4. Others
- 5.2.2. By Equipment Type
  - 5.2.2.1. Gutting
  - 5.2.2.2. Slaughtering
  - 5.2.2.3. Scaling
  - 5.2.2.4. Skinning
  - 5.2.2.5. Deboning
  - 5.2.2.6. Filleting
  - 5.2.2.7. Others
- 5.2.3. By Distribution Channel
  - 5.2.3.1. Online
  - 5.2.3.2. Offline
- 5.2.4. By Application
  - 5.2.4.1. Frozen
  - 5.2.4.2. Smoked
  - 5.2.4.3. Canned
  - 5.2.4.4. Dried
  - 5.2.4.5. Others
- 5.2.5. By Region
  - 5.2.5.1. North America
  - 5.2.5.2. Europe
  - 5.2.5.3. Asia Pacific
  - 5.2.5.4. Latin America
  - 5.2.5.5. Middle East and Africa

6. North America Seafood Processing Equipment Market

6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Million)
- 6.1.2. By Volume (Thousand Units)
6.2. Market Share & Forecast
- 6.2.1. By Seafood Type
- 6.2.2. By Equipment Type
- 6.2.3. By Distribution Channel
- 6.2.4. By Application
- 6.2.5. By Country
  - 6.2.5.1. United States
  - 6.2.5.2. Canada

7. Europe Seafood Processing Equipment Market

7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Million)
- 7.1.2. By Volume (Thousand Units)
7.2. Market Share & Forecast
- 7.2.1. By Seafood Type
- 7.2.2. By Equipment Type
- 7.2.3. By Distribution Channel
- 7.2.4. By Application
- 7.2.5. By Country
  - 7.2.5.1. Sweden
  - 7.2.5.2. Norway
  - 7.2.5.3. Iceland
  - 7.2.5.4. United Kingdom
  - 7.2.5.5. Netherlands
  - 7.2.5.6. France
  - 7.2.5.7. Spain
  - 7.2.5.8. Rest of Europe

8. Asia Pacific Seafood Processing Equipment Market

8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Million)
- 8.1.2. By Volume (Thousand Units)
8.2. Market Share & Forecast
- 8.2.1. By Seafood Type
- 8.2.2. By Equipment Type
- 8.2.3. By Distribution Channel
- 8.2.4. By Application
- 8.2.5. By Country
  - 8.2.5.1. China
  - 8.2.5.2. India
  - 8.2.5.3. Japan
  - 8.2.5.4. South Korea
  - 8.2.5.5. Indonesia
  - 8.2.5.6. Vietnam
  - 8.2.5.7. Rest of Asia Pacific

9. Latin America Seafood Processing Equipment Market

9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Million)
- 9.1.2. By Volume (Thousand Units)
9.2. Market Share & Forecast
- 9.2.1. By Seafood Type
- 9.2.2. By Equipment Type
- 9.2.3. By Distribution Channel
- 9.2.4. By Application
- 9.2.5. By Country
  - 9.2.5.1. Brazil
  - 9.2.5.2. Chile
  - 9.2.5.3. Mexico
  - 9.2.5.4. Rest of Latin America

10. Middle East and Africa Seafood Processing Equipment Market

10.1. Market Size & Forecast by Value, 2018-2028
- 10.1.1. By Value (USD Million)
- 10.1.2. By Volume (Thousand Units)
10.2. Market Share & Forecast
- 10.2.1. By Seafood Type
- 10.2.2. By Equipment Type
- 10.2.3. By Distribution Channel
- 10.2.4. By Application
- 10.2.5. By Country
  - 10.2.5.1. Saudi Arabia
  - 10.2.5.2. UAE
  - 10.2.5.3. Oman
  - 10.2.5.4. Qatar
  - 10.2.5.5. South Africa
  - 10.2.5.6. Rest of Middle East & Africa

11. Competitive Landscape

11.1. List of Key Players and Their Offerings
11.2. Market Share Analysis, 2021
11.3. Competitive Benchmarking, By Operating Parameters
11.4. Key Strategic Development (Merger, Acquisition, Partnership.)

12. Impact of Covid-19 on Global Seafood Processing Equipment Industry

13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **

13.1. Mowi
13.2. JBT
13.3. Marel
13.4. BAADER
13.5. Seafood Technology Limited
13.6. Pisces Fish Machinery Inc.
13.7. Cabinplant A/S
13.8. Uni-Food Technic A/S
13.9. M.T.C. Food Equipment, Inc.
13.10. CERMAQ
13.11. Other Prominent Players

14. Key Strategic Recommendations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List Of Figures

Figure 1 Global Seafood Processing Equipment Segmentation
Figure 2 Global Seafood Processing Equipment Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2021
Figure 4 Global Seafood Processing Equipment Market Size, By Value (USD Million), 2018-2028
Figure 5 Global Seafood Processing Equipment Market Size, By Volume (Thousand Units), 2018-2028
Figure 6 Global Seafood Processing Equipment Market Share, By Equipment Type, By Value, 2018-2028
Figure 7 Global Seafood Processing Equipment Market Share, By Seafood Type, By Value, 2018-2028
Figure 8 Global Seafood Processing Equipment Market Share, By Distribution Channel, By Value, 2018-2028
Figure 9 Global Seafood Processing Equipment Market Share, By Application, By Value, 2018-2028
Figure 10 Global Seafood Processing Equipment Market Share, By Region, By Value, 2018-2028
Figure 10 North America Seafood Processing Equipment Market Size, By Value (USD Million), 2018-2028
Figure 11 North America Seafood Processing Equipment Market Size, By Volume (Thousand Units), 2018-2028
Figure 12 North America Seafood Processing Equipment Market Share, By Equipment Type, By Value, 2018-2028
Figure 13 North America Seafood Processing Equipment Market Share, By Seafood Type, By Value, 2018-2028
Figure 14 North America Seafood Processing Equipment Market Share, By Distribution Channel, By Value, 2018-2028
Figure 15 North America Seafood Processing Equipment Market Share, By Application, By Value, 2018-2028
Figure 16 North America Seafood Processing Equipment Market Share, By Country, By Value, 2018-2028
Figure 17 Europe Seafood Processing Equipment Market Size, By Value (USD Million), 2018-2028
Figure 18 Europe Seafood Processing Equipment Market Size, By Volume (Thousand Units), 2018-2028
Figure 19 Europe Seafood Processing Equipment Market Share, By Equipment Type, By Value, 2018-2028
Figure 20 Europe Seafood Processing Equipment Market Share, By Seafood Type, By Value, 2018-2028
Figure 21 Europe Seafood Processing Equipment Market Share, By Distribution Channel, By Value, 2018-2028
Figure 22 Europe Seafood Processing Equipment Market Share, By Application, By Value, 2018-2028
Figure 23 Europe Seafood Processing Equipment Market Share, By Country, By Value, 2018-2028
Figure 24 Asia Pacific Seafood Processing Equipment Market Size, By Value (USD Million), 2018-2028
Figure 25 Asia Pacific Seafood Processing Equipment Market Size, By Volume (Thousand Units), 2018-2028
Figure 26 Asia Pacific Seafood Processing Equipment Market Share, By Equipment Type, By Value, 2018-2028
Figure 27 Asia Pacific Seafood Processing Equipment Market Share, By Seafood Type, By Value, 2018-2028
Figure 28 Asia Pacific Seafood Processing Equipment Market Share, By Distribution Channel, By Value, 2018-2028
Figure 29 Asia Pacific Seafood Processing Equipment Market Share, By Application, By Value, 2018-2028
Figure 30 Asia Pacific Seafood Processing Equipment Market Share, By Country, By Value, 2018-2028
Figure 31 Latin America Seafood Processing Equipment Market Size, By Value (USD Million), 2018-2028
Figure 32 Latin America Seafood Processing Equipment Market Size, By Volume (Thousand Units), 2018-2028
Figure 33 Latin America Seafood Processing Equipment Market Share, By Equipment Type, By Value, 2018-2028
Figure 34 Latin America Seafood Processing Equipment Market Share, By Seafood Type, By Value, 2018-2028
Figure 35 Latin America Seafood Processing Equipment Market Share, By Distribution Channel, By Value, 2018-2028
Figure 36 Latin America Seafood Processing Equipment Market Share, By Application, By Value, 2018-2028
Figure 37 Latin America Seafood Processing Equipment Market Share, By Country, By Value, 2018-2028
Figure 38 Middle East and Africa Seafood Processing Equipment Market Size, By Value (USD Million), 2018-2028
Figure 39 Middle East and Africa Seafood Processing Equipment Market Size, By Volume (Thousand Units), 2018-2028
Figure 40 Middle East and Africa Seafood Processing Equipment Market Share, By Equipment Type, By Value, 2018-2028
Figure 41 Middle East and Africa Seafood Processing Equipment Market Share, By Seafood Type, By Value, 2018-2028
Figure 42 Middle East and Africa Seafood Processing Equipment Market Share, By Distribution Channel, By Value, 2018-2028
Figure 43 Middle East and Africa Seafood Processing Equipment Market Share, By Application, By Value, 2018-2028
Figure 44 Middle East and Africa Seafood Processing Equipment Market Share, By Country, By Value, 2018-2028

List Of Tables

Table 1 Global Seafood Processing Equipment Market Size, By Equipment Type, By Value, 2018-2028
Table 2 Global Seafood Processing Equipment Market Size, By Seafood Type, By Value, 2018-2028
Table 3 Global Seafood Processing Equipment Market Size, By Distribution Channel, By Value, 2018-2028
Table 4 Global Seafood Processing Equipment Market Size, By Application, By Value, 2018-2028
Table 5 Global Seafood Processing Equipment Market Size, By Region, By Value, 2018-2028
Table 6 North America Seafood Processing Equipment Market Size, By Equipment Type, By Value, 2018-2028
Table 7 North America Seafood Processing Equipment Market Size, By Seafood Type, By Value, 2018-2028
Table 8 North America Seafood Processing Equipment Market Size, By Distribution Channel, By Value, 2018-2028
Table 9 North America Seafood Processing Equipment Market Size, By Application, By Value, 2018-2028
Table 10 North America Seafood Processing Equipment Market Size, By Country, By Value, 2018-2028
Table 11 Europe Seafood Processing Equipment Market Size, By Equipment Type, By Value, 2018-2028
Table 12 Europe Seafood Processing Equipment Market Size, By Seafood Type, By Value, 2018-2028
Table 13 Europe Seafood Processing Equipment Market Size, By Distribution Channel, By Value, 2018-2028
Table 14 Europe Seafood Processing Equipment Market Size, By Application, By Value, 2018-2028
Table 15 Europe Seafood Processing Equipment Market Size, By Country, By Value, 2018-2028
Table 16 Asia Pacific Seafood Processing Equipment Market Size, By Equipment Type, By Value, 2018-2028
Table 17 Asia Pacific Seafood Processing Equipment Market Size, By Seafood Type, By Value, 2018-2028
Table 18 Asia Pacific Seafood Processing Equipment Market Size, By Distribution Channel, By Value, 2018-2028
Table 19 Asia Pacific Seafood Processing Equipment Market Size, By Application, By Value, 2018-2028
Table 20 Asia Pacific Seafood Processing Equipment Market Size, By Country, By Value, 2018-2028
Table 21 Latin America Seafood Processing Equipment Market Size, By Equipment Type, By Value, 2018-2028
Table 22 Latin America Seafood Processing Equipment Market Size, By Seafood Type, By Value, 2018-2028
Table 23 Latin America Seafood Processing Equipment Market Size, By Distribution Channel, By Value, 2018-2028
Table 24 Latin America Seafood Processing Equipment Market Size, By Application, By Value, 2018-2028
Table 25 Latin America Seafood Processing Equipment Market Size, By Country, By Value, 2018-2028
Table 26 Middle East and Africa Seafood Processing Equipment Market Size, By Equipment Type, By Value, 2018-2028
Table 27 Middle East and Africa Seafood Processing Equipment Market Size, By Seafood Type, By Value, 2018-2028
Table 28 Middle East and Africa Seafood Processing Equipment Market Size, By Distribution Channel, By Value, 2018-2028
Table 29 Middle East and Africa Seafood Processing Equipment Market Size, By Application, By Value, 2018-2028
Table 30 Middle East and Africa Seafood Processing Equipment Market Size, By Country, By Value, 2018-2028
Table 31 Mowi Company Overview
Table 32 Mowi Financial Overview
Table 33 JBT. Company Overview
Table 34 JBT. Financial Overview
Table 35 Marel Company Overview
Table 36 Marel Financial Overview
Table 37 BAADER Company Overview
Table 38 BAADER Financial Overview
Table 39 Seafood Technology Limited Company Overview
Table 40 Seafood Technology Limited Financial Overview
Table 41 Pisces Fish Machinery Inc. Company Overview
Table 42 Pisces Fish Machinery Inc. Financial Overview
Table 43 Cabinplant A/S Company Overview
Table 44 Cabinplant A/S Financial Overview
Table 45 Uni-Food Technic A/S Company Overview
Table 46 Uni-Food Technic A/S Financial Overview
Table 47 M.T.C. Food Equipment, Inc. Company Overview
Table 48 M.T.C. Food Equipment, Inc. Financial Overview
Table 49 CERMAQ Company Overview
Table 50 CERMAQ Financial Overview