Processed Seafood & Seafood Processing Equipment Market - Forecast(2021 - 2026)

Report Code: FBR 76622 Report Format: PDF + Excel (Delivery in 48 Hrs)

Processed Seafood & Seafood Processing Equipment Market Overview

Processed Seafood & Seafood Processing Equipment Market size was estimated at $1.52 billion in 2020 and is projected to grow at a CAGR of 4.8% during the forecast period 2021-2026. Once the seafood products are harvested they are usually processed or packed for sale to different retail stores and restaurants. The processer converts the whole seafood for example a whole fish or shellfish is to various forms such as steaks, fish fillets or another frozen item, canned fish and smoked fish and more. Proper, reliable processing and packaging prevents degradation and ensures a high-quality product. National Oceanic and Atmospheric Administration (NOAA) estimated that Americans had spent $102billion on fishery products in the year 2017. Popular species include halibut, salmon, tuna, shrimp, lobster, crab, oyster and scallops. 
Seafood can be processed manual as well as automated. According to the Food and Agriculture Organization of the United Nations (FAO), freshwater fish are often processed manually, with the skilled workers using a variety of knives, this is commonly seen in small processing plants. The large processing units require automated systems to yield abundant quality quickly. Growing public health perception and growing disposable income, coupled with a change in customer preference towards the slaughtering equipment that does not degrade the quality of seafood products are the main factors anticipated to drive the growth of global seafood and seafood processing equipment market.

Processed Seafood & Seafood Processing Equipment Market Report Coverage

The report: “Processed Seafood & Seafood Processing Equipment Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following Processed Seafood & Seafood Processing Equipment Market. 
By Processing Type: Manual and Automated
By Type: Fish, Crustaceans and Molluscs 
By Product: Frozen, Canned, Smoked and Dried
By Distribution Channel: Supermarkets, Hypermarkets, Food Stores, Others (Fish shops and online) 
By Geography: North America, Asia-Pacific, Europe, Rest of World

Key Takeaways

  • Geographically, Asia-Pacific Seafood and Seafood Processing Equipment Market accounted for 40.44% revenue share in 2020.
  • Increasing consumption of easy to make and ready to cook seafood is promoting the Processed Seafood and Seafood Processing Equipment Market.
  • Europe is anticipated to register fastest growth rate in terms of revenue owing to the high demand for improved-quality systems from major industries in this region.  

Processed Seafood & Seafood Processing Equipment Market Segment Analysis - By Product

The product segment of Processed Seafood and Seafood Processing Equipment Market is segmented in to Frozen, Canned, Smoked and Dried. The frozen product type segment accounted for the largest and the fastest market share owing to their easy availability and easy to cook properties. The frozen Seafood segment is estimated to retain a dominant position with a substantial market share during the forecast period 2021-2026 owing to the longer shelf life, managed smell and improved texture. 

Processed Seafood & Seafood Processing Equipment Market Segment Analysis - By the Type

By Type the Processed Seafood and Seafood Processing Equipment Market is segmented in to Fish, Shrimps, Crabs, Crustaceans and Molluscs. The fish segment accounted for the largest market share owing to the demand and trade of processed fish products in the market. The perishable qualities of the fish make it mandatory for the fisherman and the harvesters to process them. The key types of proceeded fish available in the market are canned, degutting, salting, fermentation, drying and smoking. These processes then lead to the production and improvements in taste, texture and color and also increase the shelf life while the Crustaceans are predicted to grow at the fastest CAGR of 5.4% owing to their extensive usage in the cosmetic, pharmaceutical and food industry as they are packed with zinc, a mineral that reduces the inflammation on skin.  

Processed Seafood & Seafood Processing Equipment Market Segment Analysis - By Geography

Based on Geography the global Processed Seafood and Seafood Processing Equipment Market is segmented into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific dominated the market share with 40.44% in the year 2020 owing to the increased Processed Seafood consumption. Whereas, Europe market is anticipated to register fastest growth rate owing to the high demand for improved-quality systems from major industries in this region. 

Processed Seafood & Seafood Processing Equipment Market Drivers

Increased Seafood consumption:

Seafood and processed seafood are widely consumed in almost all parts of the world owing to its nutritional properties that boosts the heart and brain health, helps maintaining good eyesight and excellent properties in fighting against depression. They are widely consumed in restaurants and other food service centres as fish is commonly used in preparation of many food items like stews, sandwich, wraps and more which are available from mid-priced to high-end restaurants.  Such wide range of applicability of seafood in various food items is fuelling the markets growth.  

Processed Seafood & Seafood Processing Equipment Market Challenges

Rising Pollution:

Eating Seafood is great for the health but it is making tough in recent days owing to the rising pollution in water bodies like oceans which could cause a mild to severe poisoning. Seafood mercury content is excess in seafood this is predicted to hinder the development of baby that is why pregnant women are advised to avoid seafood. Frozen type seafood mostly get defrosted in transportation if not maintained in proper temperatures and left aside too long before cooking is another major constraint. Amongst all, the rising concerns on additives used in processing seafood is the main factor which is likely to hinder Processed Seafood and Seafood Processing Equipment Markets growth.

Processed Seafood & Seafood Processing Equipment Market Industry Outlook

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in Processed Seafood and Seafood Processing Equipment Market. In 2019, Processed Seafood and Seafood Processing Equipment Market share is fragmented by top ten players present in the market. Processed Seafood and Seafood Processing Equipment Market top 10 companies are Maine Harvest ASA., Freiremar S.A., Leigh Fisheries Ltd., Wm Morrison Supermarkets plc, Seattle Fish Company, Lee Fishing Company, Thai Union Group, John Westfoods Ltd., Middleby Corporation , Royal Greenland A/S, Cuulong Fish JSC and Abba Seafoods AB.

Acquisition/Product launches:

  • On March 26 2018, the market player Middleby Corporation has acquired Ve.Ma.C. Srl, a leading manufacturer of food processing industry.

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1. Processed Seafood and Seafood Processing Equipment Market - Overview
    1.1 Definitions and Scope
2. Processed Seafood and Seafood Processing Equipment Market - Executive Summary
    2.1Market Revenue, Market Size and Key Trends 
    2.2 Key trends by Processing Type
    2.3 Key trends by Type 
    2.4 Key trends by Product 
    2.5  Key trends by Distribution Channel
    2.6 Key trends by Geography
3. Processed Seafood and Seafood Processing Equipment Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Processed Seafood and Seafood Processing Equipment Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Processed Seafood and Seafood Processing Equipment 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. Processed Seafood and Seafood Processing Equipment Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    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. Processed Seafood and Seafood Processing Equipment Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Processed Seafood and Seafood Processing Equipment Market – By Processing Type (Market Size –$Million/$Billion)
    8.1 Manual
    8.2 Automated
        8.2.1 Gutting Machines
        8.2.2 Slaughter Machine
        8.2.3 Scaling Machine
        8.2.4 Filleting Machine
9. Processed Seafood and Seafood Processing Equipment Market – By Type (Market Size –$Million/$Billion)
    9.1 Fish 
    9.2 Crustaceans
    9.3 Molluscs
10. Processed Seafood and Seafood Processing Equipment Market – By Product (Market Size –$Million/$Billion)
    10.1 Frozen
    10.2 Canned
    10.3 Smoked
    10.4 Dried
11. Processed Seafood and Seafood Processing Equipment Market – By Distribution Channel(Market Size –$Million/$Billion)
    11.1 Supermarkets
    11.2 Hypermarkets
    11.3 Food Stores
    11.4 Others(Fish shops, online)
12. Processed Seafood and Seafood Processing Equipment Market -  By Geography (Market Size –$Million/$Billion)
    12.1 North America
        12.1.1 U.S.
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 U.K.
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 India
        12.3.3 Japan
        12.3.4 South Korea
        12.3.5 Australia & New Zealand
        12.3.6 Rest of Asia-Pacific
    12.4 Rest of the World
        12.4.1 Middle East
        12.4.2 Africa
        12.4.3 South America
13. Processed Seafood and Seafood Processing Equipment Market - Entropy
14. Processed Seafood and Seafood Processing Equipment Market – Industry/Segment Competition Landscape      Premium  
    14.1 Market Share Analysis
        14.1.1 Global Market Share – Key Companies
        14.1.2 Market Share by Region – Key companies
        14.1.3 Market Share by Countries – Key Companies
        14.1.4 Best Practices for Companies
15. Processed Seafood and Seafood Processing Equipment Market – Key Company List by Country Premium  Premium
Processed Seafood and Seafood Processing Equipment Market  Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9 
    15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis*"

List of Tables

1 US Processed Seafood & Seafood Processing Equipment Market Size 2018
2 Canada Processed Seafood & Seafood Processing Equipment Market Share 2018
3 Brazil Processed Seafood & Seafood Processing Equipment Market Outlook 2019 - 2023
4 Mexico Processed Seafood & Seafood Processing Equipment Market Research 2018
5 Germany Processed Seafood & Seafood Processing Equipment Market Trends 2019 - 2023 
6 France Processed Seafood & Seafood Processing Equipment Market Growth 2019 - 2023 
7 UK Processed Seafood & Seafood Processing Equipment Market Demand 2019 - 2023 
8 Italy Processed Seafood & Seafood Processing Equipment Market Segmentation 2018
9 Russia Processed Seafood & Seafood Processing Equipment Market Analysis 2019 - 2023
10 China Processed Seafood & Seafood Processing Equipment Market Revenue 2019 - 2023
11 Japan Processed Seafood & Seafood Processing Equipment Market Volume 2019 - 2023
12 South Korea Processed Seafood & Seafood Processing Equipment Market Potential 2019 - 2023
13 India Processed Seafood & Seafood Processing Equipment Market Leaders 2018
14 Saudi Arabia Processed Seafood & Seafood Processing Equipment Market Forecast 2019 - 2023 
15 Kuwait Processed Seafood & Seafood Processing Equipment Market Value 2018

List of Figures

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