Fish Processing Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020-2025

Report Code: FBR 94900 Report Format: PDF + Excel (Delivery in 48 Hrs)

Fish Processing Market Overview

Fish Processing Market size is estimated to be 178.9 Million in 2019, growing at a CAGR of 3.6% during the forecast period 2020-2025. Fish processing refers to the process associated with the fish and fish products between the time when fish are caught or harvested, and the time the final product is delivered to the customer. Moreover, the basic procedures used in the final processing of fish products are heating, freezing, controlling water activity (by drying or adding chemicals) and irradiating. All these products increase the shelf life of fish by inhibiting the mechanism that promote spoilage and degradation. Each of these procedures also has an effect on the nutritional properties of final product. Rising awareness of marine-food health benefits and the nutritional values associated with it are the key factors contributing to its market growth. In addition, government initiatives for supporting aquaculture industry is further propelling its demand. For instance, the U.S. Department of Commerce National Oceanic and Atmospheric Administration is responsible for the management of the nation’s fishery resources in the U.S. territorial waters and also operates a voluntary seafood inspection and grading program.

Report Coverage

The report: “Fish Processing Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Fish Processing Market.
By Category- Frozen, Preserved and Others.
By Species- Fish, Crustaceans, Mollusks and Others.
By Source- Marine and Inland.
By Application- Food and Non-Food.
By EquipmentSlaughtering Equipment, Gutting Equipment, Scaling Equipment, Filleting Equipment, Deboning Equipment, Skinning Equipment and Curing & Smoking Equipment and Others.
By Geography-North America, Europe, Asia Pacific and Rest of the World.

Key Takeaways

  • Frozen held the major market share in 2019, owing to its convenience and instant cooking attributes to the highest popularity of fish products among the consumers.
  • Fish segment held the largest market share in the year 2019 owing to the rising fish consumption along with the growing demand of low-fat and high-quality protein is anticipated to trigger the market growth.
  • APAC contributed to the largest market share of more than 37% owing to the presence of large dominant players in the region including Charoen Pokphand Foods and PR Fish Company.
  • Increasing health benefits from fish is a major factor driving the Fish Processing Market during the forecast period 2020-2025.

By Category- Segment Analysis 

By Category, the Fish Processing Market is segmented into Frozen, Preserved and Others. Frozen held the major market share in 2019, owing to its convenience and instant cooking attributes to the highest popularity of fish products among the consumers. Moreover, with frozen food nutritionist point out the highest quality to the deep-frozen foods. When the fish is caught offshore, it is processed and frozen immediately at a temperature of -40 degree in a few hours. This procedure reduces the natural oxidation and preserves the freshness, preventing from microbial growth and the loss of the nutrients. In fact, it offers several times a nutritional quality superior to the fresh fish that are found in markets. Also, preserved segment is projected to witness growth at fastest CAGR of 4.2% in forecast period 2020-2025. The aim of fish processing and preservation is to slow down or prevent the enzymatic, bacterial and chemical deterioration and to maintain the fish fresh in a condition as near as possible to that of fresh fish.

By Species- Segment Analysis

By Species, the Fish Processing Market is segmented into Fish, Crustaceans, Mollusks and Others. Fish segment held the largest market share in the year 2019 owing to the rising fish consumption along with the growing demand of low-fat and high-quality protein is anticipated to trigger its market growth. Moreover, fish is a high-protein low fat-food that provides a range of health benefits. White-fleshed fish in particular, is lower in fat than any other source of animal protein, and oily-fish is high in omega-3 fatty-acids which is important for prenatal and postnatal neurological development. Also, crustaceans segment is projected to witness growth at fastest CAGR of 4.6% in forecast period 2020-2025 owing to its micronutrient and healthy fats.

Geography- Segment Analysis

APAC contributed to the largest market share of more than 37% owing to the presence of large dominant players in the region including Charoen Pokphand Foods and PR Fish Company. Moreover, Seasaga Group is the largest and oldest frozen seafood processing and exporting companies in India. North America Fish Processing market is another dominant market owing to the presence of Tulip Group Inc., Moreover, FDA publishes the Fish and Fisheries products hazards and controls guidance, an extensive compilation of the most up-to date science and policy on the hazards that affect fish and fishery products and effective controls to prevent their occurrence.

Drivers – Fish Processing Market

  • Increasing Health Benefits from Fish

Increasing health benefits from fish is a major factor driving the Fish Processing Market during the forecast period 2020-2025. Fish is high in many important nutrients, including high-quality protein, iodine and various vitamins and minerals. Moreover, eating fish is associated with health benefits of lowering triglycerides, blood pressure, inflammation, macular degeneration and reducing the risk of heart disease and stroke. It also provides a lean source of omega-3 fatty acids, proteins and minerals. Hence, these are the key benefits driving the fish processing market in the upcoming years.

  • Government Stringent Regulation for Protecting Marine Species

Government Stringent regulation for protecting marine species is driving the Fish Processing Market during the forecast period 2020-2025. For instance, the Fisheries Law seeks to enhance the production, increase, development and reasonable utilization of the nation’s fishery resources. It requires the state to adopt a policy that calls for simultaneous development of aquaculture, fishing and processing with species emphasis on aquaculture. This Law is implemented by the Regulation for the Implementation of the Fisheries Law.

Challenges – Fish Processing Market

  • Rising Raw Material Prices

Rising raw material prices serves as a major setback for the growth of the Fish Processing Market during the forecast period 2020-2025. Moreover, clupeids provide the largest single source of raw-material for the production of fish meal and oil. In addition, the composition and quality of raw materials are predominant factors in determining the properties and yield of the products. 

Fish Processing Market Industry Outlook 

Product Launches, Merger & Acquisition, joint ventures and R&D activities are key strategies adopted by the players in Fish Processing Market. Fish Processing Market top 10 companies are Charoen Pokphand Food pcl, Higher Liner Food Incorporated, Leroy Seafood Group Asa, Marine Harvest Asa, Maruha Nichiro Corporation, Nippon Suisan Kaisha Ltd, Pelagic Asa, Pesconova SA, Royal Greenland A/S and Thai Union Frozen Product Public Company Limited.

Developments:

  • July 2019: In India, Finance Minister Nirmala Sitharaman announced a new schema to promote processing in fishery sector and allocated an estimated of Rs 3,737 crore for the newly carved out ministry of fisheries, animal husbandry and dairying.
  • March 2020: Liverpool-based Sykes Seafood has completed the acquisition of processor Klaas Puul from the Dutch Seafood Company, leading to the creation of a euro300m pan European seafood business.
1. Fish Processing Market Overview
    1.1 Definitions and Scope
2. Fish Processing Market  - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Category
    2.3 Key trends by Species
    2.4 Key trends by Source
    2.5 Key trends by Application
    2.6 Key trends by Equipment
    2.7 Key trends by Geography
3. Fish Processing Market –Comparative Analysis
    3.1 Product Benchmarking - Key companies
    3.2 Financials Analysis - Key Companies
    3.3 Market Share Analysis- Key Companies
    3.4 Patent Analysis 
    3.5 Pricing Analysis
4. Fish Processing Market- Startup companies Scenario Premium Premium  
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. Fish Processing Market – Industry Market Entry Scenario Premium Premium  
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Fish Processing Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. Fish Processing Market -Strategic analysis
    7.1 Value chain analysis   
    7.2 Opportunities analysis
    7.3 Market life cycle
8. Fish Processing Market – By Category (Market Size –$Million/$Billion)
    8.1 Frozen
    8.2 Preserved
    8.3 Others
9. Fish Processing Market – By Species (Market Size –$Million/$Billion)
    9.1 Fish
    9.2 Crustaceans
    9.3 Mollusks
    9.4 Others
10. Fish Processing Market – By Source (Market Size –$Million/$Billion)
    10.1 Marine
    10.2 Inland
11. Fish Processing Market – By Application (Market Size –$Million/$Billion)
    11.1 Food
    11.2 Non-Food
12. Fish Processing Market – By Equipment (Market Size –$Million/$Billion)
    12.1 Slaughtering Equipment
    12.2 Gutting Equipment
    12.3 Scaling Equipment
    12.4 Filleting Equipment
    12.5 Deboning Equipment
    12.6 Skinning Equipment
    12.7 Curing & Smoking Equipment
    12.8 Others
13. Fish Processing Market -  By Geography (Market Size -$Million/$Billion)
    13.1 North America
        13.1.1 U.S.
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 U.K.
        13.2.2 Germany
        13.2.3 France
        13.2.4 Italy
        13.2.5 Spain
        13.2.6 Rest of Europe
    13.3 Asia-Pacific
        13.3.1 China 
        13.3.2 Japan
        13.3.3 South Korea
        13.3.4 India
        13.3.5 Australia & New Zealand
        13.3.6 Rest of APAC
    13.4 Rest of the World
        13.4.1 Middle East
        13.4.2 Africa
        13.4.3 South America
14. Fish Processing Market - Entropy
15. Fish Processing Market  – Industry/Segment Competition Landscape      Premium  
    15.1 Market Share Analysis
        15.1.1 Global Market Share – Key Companies
        15.1.2 Market Share by Region – Key companies
        15.1.3 Market Share by Country- Key companies
        15.1.4 Best Practices for Companies
16. Fish Processing Market – Key Company List by Country Premium  Premium
17. Fish Processing Market Company Analysis
    17.1 Company Revenue, Products, M&A, Developments
    17.2 Charoen Pokphand plc
    17.3 Higher Liner Food Incorporated
    17.4 Leroy Seafood Group Asa
    17.5 Marine Harvest Asa
    17.6 Maruha Nichiro Corporation
    17.7 Nippon Suisan Kaisha Ltd
    17.8 Pelagic Asa
    17.9 Pesconova SA
    17.10 Royal Greenland A/S 
    17.11 Thai Frozen Product Public Company Limited
*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global Fish Processing Market, By Category Market 2019-2024 ($M)
1.1 Frozen Market 2019-2024 ($M) - Global Industry Research
1.2 Preserved Market 2019-2024 ($M) - Global Industry Research
2.Global Fish Processing Market, By Specie Market 2019-2024 ($M)
2.1 Fish Market 2019-2024 ($M) - Global Industry Research
2.2 Crustacean Market 2019-2024 ($M) - Global Industry Research
2.3 Mollusk Market 2019-2024 ($M) - Global Industry Research
3.Global Fish Processing Market, By Source Market 2019-2024 ($M)
3.1 Marine Market 2019-2024 ($M) - Global Industry Research
3.2 Inland Market 2019-2024 ($M) - Global Industry Research
4.Global Fish Processing Market, By Equipment Market 2019-2024 ($M)
4.1 Slaughtering Equipment Market 2019-2024 ($M) - Global Industry Research
4.2 Gutting Equipment Market 2019-2024 ($M) - Global Industry Research
4.3 Scaling Equipment Market 2019-2024 ($M) - Global Industry Research
4.4 Filleting Equipment Market 2019-2024 ($M) - Global Industry Research
4.5 Deboning Equipment Market 2019-2024 ($M) - Global Industry Research
4.6 Skinning Equipment Market 2019-2024 ($M) - Global Industry Research
4.7 Curing And Smoking Equipment Market 2019-2024 ($M) - Global Industry Research
5.Global Fish Processing Market, By Category Market 2019-2024 (Volume/Units)
5.1 Frozen Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 Preserved Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global Fish Processing Market, By Specie Market 2019-2024 (Volume/Units)
6.1 Fish Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Crustacean Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 Mollusk Market 2019-2024 (Volume/Units) - Global Industry Research
7.Global Fish Processing Market, By Source Market 2019-2024 (Volume/Units)
7.1 Marine Market 2019-2024 (Volume/Units) - Global Industry Research
7.2 Inland Market 2019-2024 (Volume/Units) - Global Industry Research
8.Global Fish Processing Market, By Equipment Market 2019-2024 (Volume/Units)
8.1 Slaughtering Equipment Market 2019-2024 (Volume/Units) - Global Industry Research
8.2 Gutting Equipment Market 2019-2024 (Volume/Units) - Global Industry Research
8.3 Scaling Equipment Market 2019-2024 (Volume/Units) - Global Industry Research
8.4 Filleting Equipment Market 2019-2024 (Volume/Units) - Global Industry Research
8.5 Deboning Equipment Market 2019-2024 (Volume/Units) - Global Industry Research
8.6 Skinning Equipment Market 2019-2024 (Volume/Units) - Global Industry Research
8.7 Curing And Smoking Equipment Market 2019-2024 (Volume/Units) - Global Industry Research
9.North America Fish Processing Market, By Category Market 2019-2024 ($M)
9.1 Frozen Market 2019-2024 ($M) - Regional Industry Research
9.2 Preserved Market 2019-2024 ($M) - Regional Industry Research
10.North America Fish Processing Market, By Specie Market 2019-2024 ($M)
10.1 Fish Market 2019-2024 ($M) - Regional Industry Research
10.2 Crustacean Market 2019-2024 ($M) - Regional Industry Research
10.3 Mollusk Market 2019-2024 ($M) - Regional Industry Research
11.North America Fish Processing Market, By Source Market 2019-2024 ($M)
11.1 Marine Market 2019-2024 ($M) - Regional Industry Research
11.2 Inland Market 2019-2024 ($M) - Regional Industry Research
12.North America Fish Processing Market, By Equipment Market 2019-2024 ($M)
12.1 Slaughtering Equipment Market 2019-2024 ($M) - Regional Industry Research
12.2 Gutting Equipment Market 2019-2024 ($M) - Regional Industry Research
12.3 Scaling Equipment Market 2019-2024 ($M) - Regional Industry Research
12.4 Filleting Equipment Market 2019-2024 ($M) - Regional Industry Research
12.5 Deboning Equipment Market 2019-2024 ($M) - Regional Industry Research
12.6 Skinning Equipment Market 2019-2024 ($M) - Regional Industry Research
12.7 Curing And Smoking Equipment Market 2019-2024 ($M) - Regional Industry Research
13.South America Fish Processing Market, By Category Market 2019-2024 ($M)
13.1 Frozen Market 2019-2024 ($M) - Regional Industry Research
13.2 Preserved Market 2019-2024 ($M) - Regional Industry Research
14.South America Fish Processing Market, By Specie Market 2019-2024 ($M)
14.1 Fish Market 2019-2024 ($M) - Regional Industry Research
14.2 Crustacean Market 2019-2024 ($M) - Regional Industry Research
14.3 Mollusk Market 2019-2024 ($M) - Regional Industry Research
15.South America Fish Processing Market, By Source Market 2019-2024 ($M)
15.1 Marine Market 2019-2024 ($M) - Regional Industry Research
15.2 Inland Market 2019-2024 ($M) - Regional Industry Research
16.South America Fish Processing Market, By Equipment Market 2019-2024 ($M)
16.1 Slaughtering Equipment Market 2019-2024 ($M) - Regional Industry Research
16.2 Gutting Equipment Market 2019-2024 ($M) - Regional Industry Research
16.3 Scaling Equipment Market 2019-2024 ($M) - Regional Industry Research
16.4 Filleting Equipment Market 2019-2024 ($M) - Regional Industry Research
16.5 Deboning Equipment Market 2019-2024 ($M) - Regional Industry Research
16.6 Skinning Equipment Market 2019-2024 ($M) - Regional Industry Research
16.7 Curing And Smoking Equipment Market 2019-2024 ($M) - Regional Industry Research
17.Europe Fish Processing Market, By Category Market 2019-2024 ($M)
17.1 Frozen Market 2019-2024 ($M) - Regional Industry Research
17.2 Preserved Market 2019-2024 ($M) - Regional Industry Research
18.Europe Fish Processing Market, By Specie Market 2019-2024 ($M)
18.1 Fish Market 2019-2024 ($M) - Regional Industry Research
18.2 Crustacean Market 2019-2024 ($M) - Regional Industry Research
18.3 Mollusk Market 2019-2024 ($M) - Regional Industry Research
19.Europe Fish Processing Market, By Source Market 2019-2024 ($M)
19.1 Marine Market 2019-2024 ($M) - Regional Industry Research
19.2 Inland Market 2019-2024 ($M) - Regional Industry Research
20.Europe Fish Processing Market, By Equipment Market 2019-2024 ($M)
20.1 Slaughtering Equipment Market 2019-2024 ($M) - Regional Industry Research
20.2 Gutting Equipment Market 2019-2024 ($M) - Regional Industry Research
20.3 Scaling Equipment Market 2019-2024 ($M) - Regional Industry Research
20.4 Filleting Equipment Market 2019-2024 ($M) - Regional Industry Research
20.5 Deboning Equipment Market 2019-2024 ($M) - Regional Industry Research
20.6 Skinning Equipment Market 2019-2024 ($M) - Regional Industry Research
20.7 Curing And Smoking Equipment Market 2019-2024 ($M) - Regional Industry Research
21.APAC Fish Processing Market, By Category Market 2019-2024 ($M)
21.1 Frozen Market 2019-2024 ($M) - Regional Industry Research
21.2 Preserved Market 2019-2024 ($M) - Regional Industry Research
22.APAC Fish Processing Market, By Specie Market 2019-2024 ($M)
22.1 Fish Market 2019-2024 ($M) - Regional Industry Research
22.2 Crustacean Market 2019-2024 ($M) - Regional Industry Research
22.3 Mollusk Market 2019-2024 ($M) - Regional Industry Research
23.APAC Fish Processing Market, By Source Market 2019-2024 ($M)
23.1 Marine Market 2019-2024 ($M) - Regional Industry Research
23.2 Inland Market 2019-2024 ($M) - Regional Industry Research
24.APAC Fish Processing Market, By Equipment Market 2019-2024 ($M)
24.1 Slaughtering Equipment Market 2019-2024 ($M) - Regional Industry Research
24.2 Gutting Equipment Market 2019-2024 ($M) - Regional Industry Research
24.3 Scaling Equipment Market 2019-2024 ($M) - Regional Industry Research
24.4 Filleting Equipment Market 2019-2024 ($M) - Regional Industry Research
24.5 Deboning Equipment Market 2019-2024 ($M) - Regional Industry Research
24.6 Skinning Equipment Market 2019-2024 ($M) - Regional Industry Research
24.7 Curing And Smoking Equipment Market 2019-2024 ($M) - Regional Industry Research
25.MENA Fish Processing Market, By Category Market 2019-2024 ($M)
25.1 Frozen Market 2019-2024 ($M) - Regional Industry Research
25.2 Preserved Market 2019-2024 ($M) - Regional Industry Research
26.MENA Fish Processing Market, By Specie Market 2019-2024 ($M)
26.1 Fish Market 2019-2024 ($M) - Regional Industry Research
26.2 Crustacean Market 2019-2024 ($M) - Regional Industry Research
26.3 Mollusk Market 2019-2024 ($M) - Regional Industry Research
27.MENA Fish Processing Market, By Source Market 2019-2024 ($M)
27.1 Marine Market 2019-2024 ($M) - Regional Industry Research
27.2 Inland Market 2019-2024 ($M) - Regional Industry Research
28.MENA Fish Processing Market, By Equipment Market 2019-2024 ($M)
28.1 Slaughtering Equipment Market 2019-2024 ($M) - Regional Industry Research
28.2 Gutting Equipment Market 2019-2024 ($M) - Regional Industry Research
28.3 Scaling Equipment Market 2019-2024 ($M) - Regional Industry Research
28.4 Filleting Equipment Market 2019-2024 ($M) - Regional Industry Research
28.5 Deboning Equipment Market 2019-2024 ($M) - Regional Industry Research
28.6 Skinning Equipment Market 2019-2024 ($M) - Regional Industry Research
28.7 Curing And Smoking Equipment Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Fish Processing Market Revenue, 2019-2024 ($M)
2.Canada Fish Processing Market Revenue, 2019-2024 ($M)
3.Mexico Fish Processing Market Revenue, 2019-2024 ($M)
4.Brazil Fish Processing Market Revenue, 2019-2024 ($M)
5.Argentina Fish Processing Market Revenue, 2019-2024 ($M)
6.Peru Fish Processing Market Revenue, 2019-2024 ($M)
7.Colombia Fish Processing Market Revenue, 2019-2024 ($M)
8.Chile Fish Processing Market Revenue, 2019-2024 ($M)
9.Rest of South America Fish Processing Market Revenue, 2019-2024 ($M)
10.UK Fish Processing Market Revenue, 2019-2024 ($M)
11.Germany Fish Processing Market Revenue, 2019-2024 ($M)
12.France Fish Processing Market Revenue, 2019-2024 ($M)
13.Italy Fish Processing Market Revenue, 2019-2024 ($M)
14.Spain Fish Processing Market Revenue, 2019-2024 ($M)
15.Rest of Europe Fish Processing Market Revenue, 2019-2024 ($M)
16.China Fish Processing Market Revenue, 2019-2024 ($M)
17.India Fish Processing Market Revenue, 2019-2024 ($M)
18.Japan Fish Processing Market Revenue, 2019-2024 ($M)
19.South Korea Fish Processing Market Revenue, 2019-2024 ($M)
20.South Africa Fish Processing Market Revenue, 2019-2024 ($M)
21.North America Fish Processing By Application
22.South America Fish Processing By Application
23.Europe Fish Processing By Application
24.APAC Fish Processing By Application
25.MENA Fish Processing By Application
26.Charoen Pokphand Food Pcl, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Maruha Nichiro Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Nippon Suisan Kaisha, Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Marine Harvest Asa, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Thai Union Frozen Product Public Company Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Pesconova S A, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.High Liner Food Incorporated, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Royal Greenland A/S, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Leroy Seafood Group Asa, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Pelagic Asa, Sales /Revenue, 2015-2018 ($Mn/$Bn)