Seafood Processing Equipment Market Insights: Revenue Forecast 2024-2030


Posted April 8, 2024 by MMRNiranka

Seafood Processing Equipment Market was valued at US$ 2.35 Bn. in 2023 and the total Seafood Processing Equipment revenue is expected to grow at 3.5% from 2024 to 2030, reaching nearly US$ 2.99 Bn.
 
Seafood Processing Equipment Market Overview:

The Seafood Processing Equipment Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry's top rivals. The research scope covers a complete analysis of the Seafood Processing Equipment Market, as well as the causes for variances in the industry's growth in various places.

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Seafood Processing Equipment Market Scope:

To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.

Seafood Processing Equipment Market Drivers:

A large amount of wastewater with relatively high levels of biological oxygen demand (BOD) and total suspended particles is produced during the processing of seafood (TSS). This is one of the most significant factors driving the demand for seafood processing equipment because it enables companies to control odors caused by the cooking and storage of products as well as to adhere to stringent regulations for the disposal of food waste, both of which support the growth of the global seafood processing equipment market.

Global demand for fish products is rising as a result of changing lifestyles & rising consumer health consciousness, which is growing the industry

The demand for seafood products is increasing globally due to changing lifestyles and a rise in consumer health consciousness, which is also contributing to the market's expansion. The market is expanding as a result of this need. Aside from this, the acceptance of nutritious pet foods containing seafood is being favorably impacted by the expanding trend of pet humanization, the general public's ability to spend money, and pet parents' concerns about their animals' well-being.Seafood Processing Equipment Market1These 10 countries are considered to be indicative of future global fish consumption by humans (millions of tonnes)

The use of automated equipment is rising due to the rapid development of technology in seafood processing and packaging, which enhances business operations and product quality.

The employment of automated equipment is being encouraged by a quick breakthrough in packaging techniques and seafood processing technologies, which make it easier to carry out complex production activities and produce food of the appropriate caliber. The demand for automated equipment is being driven by this. Furthermore, many well-known companies are investing in research and development (R&D) initiatives in order to produce novel designs with increased capabilities, which is expected to quickly boost sales of seafood processing equipment throughout the world.

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Seafood Processing Equipment Market Segmentation:

by Equipment

Gutting
Slaughtering
Scaling
Skinning
Deboning
Filleting
Others

by Application

Frozen
Smoked
Canned
Dried
Others

by Seafood Type

Finfish
Crustaceans
Mollusks
Others


Seafood Processing Equipment Market Key Players: The key players are

1. Ross Industries, Inc (US)
2. Pisces Fish Machinery Inc. (US)
3. Bettcher Industries, Inc. (US)
4. Key Technology, Inc. (US)
5. CTB, INC. (US)
6. The Middleby Corporation (US)
7. MTC Fod Equipment Inc. (US)
8. JBT Corporation (US)
9. Morris & Associates, Inc. (US)
10. Polar Systems Ltd. (UK)
11. Seafood Technology Limited (UK)
12. GEA Group Aktiengesellschaft (Germany)
13. BAADER Group (Germany)
14. RISCO S.p.A (Italy)
15. Minerva Omega group s.r.l. (Italy)
16. Smokey Bay Seafood Group (Canada)
17. Marel (Iceland)
18. Kaj Olesen A/S (Denmark)
19. Cabinplant (Denmark)
20. Carsoe (Denmark)
21. BRAHER INTERNACIONAL, S.A. (Spain)
22. Marine Delta International Co., Ltd (Taiwan)
23. Shandong Atlas Refrigeration Technology Co.,Ltd. (China)
24. Seac Ab (Sweden)
25. Leroy Seafood Group ASA (Norway)
26. Royal Greenland A/S (Greenland)

Regional Analysis:

Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Seafood Processing Equipment Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

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COVID-19 Impact Analysis on Seafood Processing Equipment Market: The report also includes a detailed analysis of COVID-19 on the Seafood Processing Equipment Market.

Key Questions Answered in the Seafood Processing Equipment Market Report are:

Which sub-segment had the largest share in the Seafood Processing Equipment Market?
How is the competitive landscape of the Seafood Processing Equipment Market in 2023?
Which are the key drivers impacting the Seafood Processing Equipment Market growth?
Which region holds the maximum share in the Seafood Processing Equipment Market?
What will be the CAGR of the Seafood Processing Equipment Market during the forecast period (2023-2029)?
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Last Updated April 8, 2024