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Processed Seafood & Seafood Processing Equipment Market - Forecast(2021 - 2026)
Processed Seafood & Seafood Processing Equipment Market Overview
Processed Seafood & Seafood Processing Equipment Market size was $2.3Bn in 2019, growing at a CAGR of 4.8% during the forecast period 2020-2025. Seafood contains protein, omega 3 fatty acids, vitamins and minerals which are helpful in heart health, improves eyesight and brain power. The various sea foods processing equipment assists in the production of good quality of processed seafood products for improved taste and longer shelf-life.The marine creatures/ aquatic animals are kept in fish factory for the processing of seafood like frozen seafood, canned seafood by using food processing technology or equipment such as gutting, slaughtering and others.
Report Coverage
The report: “Processed Seafood & Seafood Processing Equipment Market – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Processed Seafood & Seafood Processing Equipment Market.
By Type: Fish, Crabs, Crustaceans, Mollusks, Others
By Product Type: Frozen Seafood, Smoked Seafood, Canned Seafood, Dried Seafood, Surimi Seafood, Others
By Equipment Type: Gutting, Scaling, Skinning, Slaughtering, Others
By Geography : North America, Europe, Asia-Pacific, Rest of the World,
Key Takeaways
• Increase in demand for health and wellness products is set to propel the growth of the market.
• Rising demand for protein-rich food products coupled with increasing consumer inclination towards ready-to-cook products.
• Increase in the consumption of fishby the consumers promotes the Processed Seafood & Seafood Processing Equipment Market.
• Europe region is estimated to record the fastest growth rate during the forecast period 2020-2025.
By Equipment Type - Segment Analysis
In 2019, Slaughtering segment dominated the Processed Seafood & Seafood Processing Equipment Market in terms of revenue is estimated to grow at a CAGR of 3.6%.Seafood contains vitamins A, B, and D, as well as omega-3 fatty acids. It is rich in calcium, phosphorus minerals, such as iron, zinc, iodine, magnesium,and potassium. Slaughtering is a process of killing marine creature for processing after harvesting at sea or from fish farms. Processing these food products helps in restoring the vitamins and nutrition. According to National Fisheries Development Board, approximately one trillion fish is slaughtered each year for human consumption aiding growth of the market.
Geography - Segment Analysis
In 2019, the Asia-Pacific region dominated Processed Seafood & Seafood Processing Equipment Market in terms of revenue with a market share of 46%.Government has taken initiatives to promote technological advancements in this region are key factors in the growth of the processed seafood & seafood processing equipment market.Europe is estimated to record the fasted growth rate during the forecast period 2020-2025.
Drivers – Processed Seafood & Seafood Processing Equipment Market
• Increase of Health-Conscious People
Increase in the number of health-conscious consumers drive the Processed Seafood & Seafood Processing Equipment Market owing towards the demand for seafood with the health beneficial seafood products. Consumers demand high quality processed sea foods with no changes in nutritional properties. The nutritional benefits of fish products and ready- to- eat meals have helped in the growth of the market.
Challenges – Processed Seafood & Seafood Processing Equipment Market
• Contamination of Seafood
The adulteration / contamination of seafood is restraining the market’s growth as it is the mixing of inferior and sometimes harmful quality substance to keep the seafood fresh so as be sold. It is very harmful for people suffering from diabetes or blood pressure or as the food becomes impure and unfit for human consumption.
Processed Seafood & Seafood Processing Equipment Industry Outlook
Product Launches was the key strategy of the players in the Processed Seafood & Seafood Processing Equipment Industry. Processed Seafood & Seafood Processing Equipment top 10 companies include Marel hf., BAADER-Group, Uni-Food Technic A/S, Skaginn 3X, Arenco AB ,Zhengda Food Machinery Co. Ltd, Middleby Corporation, GEA Group Aktiengesellschaft, John Bean Technologies Corporation, and KROMA A/S.
Acquisitions/Product Launches
- In October 2029,Arenco AB, acquiredKalmar Verkstadskompetens AB (KVK).This acquisition helped in increasing consumer demands for organic products and strengthens the company’s capacity within machine assembly.
1. Processed Seafood & Seafood Processing Equipment Market Overview
1.1 Definitions and Scope
2. Processed Seafood & Seafood Processing Equipment Market - Executive Summary
2.1 Market Revenue and Key Trends by Company
2.2 Key trends by Type
2.3 Key trends by Equipment Type
2.4 Key trends by Geography
3. Processed Seafood & 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 & 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 & 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 & 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 & Seafood Processing Equipment Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Processed Seafood & Seafood Processing Equipment Market – By Type (Market Size –$Million/$Billion)
8.1 Fish
8.2 Crabs
8.3 Crustaceans
8.4 Mollusks
8.5 Others
9. Processed Seafood & Seafood Processing Equipment Market – By Product Type (Market Size –$Million/$Billion)
9.1 Frozen Seafood
9.2 Smoked Seafood
9.3 Canned Seafood
9.4 Dried Seafood
9.5 Surimi Seafood
9.6 Others
10. Processed Seafood & Seafood Processing Equipment Market – By Equipment Type (Market Size –$Million/$Billion)
10.1 Gutting
10.2 Scaling
10.3 Skinning
10.4 Slaughtering
10.5 Others
11. Processed Seafood & Seafood Processing Equipment Market - By Geography (Market Size –$Million/$Billion)
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 U.K.
11.2.2 Germany
11.2.3 France
11.2.4 Italy
11.2.5 Spain
11.2.6 Denmark
11.2.7 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 India
11.3.3 Japan
11.3.4 South Korea
11.3.5 Australia & New Zealand
11.3.6 Malaysia
11.3.7 Rest of Asia-Pacific
11.4 Rest of the World
11.4.1 Middle East
11.4.2 Africa
11.4.3 South America
12. Processed Seafood & Seafood Processing Equipment Market - Entropy
13. Processed Seafood & Seafood Processing Equipment Market – Industry/Segment Competition Landscape (Premium)
13.1 Market Share Analysis
13.1.1 Global Market Share – Key Companies
13.1.2 Market Share by Region – Key companies
13.1.3 Market Share by Countries – Key Companies
13.1.4 Best Practices for Companies
14. Processed Seafood & Seafood Processing Equipment Market – Key Company List by Country Premium (Premium)
15. Processed Seafood & 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 and more
"*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
For complete list of 60+ tables and 60+ figures follow the Link