REPORT HIGHLIGHT
Seafood Processing Equipment Market size was valued at USD 1,985 Million in 2023, expanding at a CAGR of 4.5% from 2024 to 2032.
Equipment for processing seafood is used to recover valuable byproducts from processing and boost facility productivity. It has a number of benefits, including efficient removal of process water from bigger particulates, lower maintenance and transportation expenses, and less waste generation during treatment procedures.
Seafood Processing Equipment Market- Market Dynamics
Growing seafood demand to propel market demand
Since seafood has so many nutritional advantages, it is consumed almost everywhere in the globe. When processed by filleting, fish can also have exceptional antidepressant properties, improve heart and brain health, and help maintain good vision. They are popularly consumed at restaurants and other food service establishments since fish is regularly used in the manufacture of a variety of food items such as stews, sandwiches, wraps, frozen seafood and more, which are accessible in restaurants ranging in price from mid-priced to high-end which aids to the market development.
Seafood Processing Equipment Market- Key Insights
- As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 4.5% over the forecast period (2024-2032)
- Based on equipment segmentation, the Slaughtering segment is expected to dominate the market during the forecast period
- Based on product segmentation, the Frozen category is expected to hold a prominent market share during the forecast period
- Based on region, the Asia Pacific is expected to dominate the market over the forecast period
Seafood Processing Equipment Market- Segmentation Analysis:
- The Global Seafood Processing Equipment Market is segmented based on Equipment, Product, and Region.
- Based on the equipment, the Seafood Processing Equipment market is divided into Scaling, Gutting, Slaughtering, Filleting and Others. The Slaughtering segment is expected to dominate the market during the forecast period. The increased demand for slaughtering equipment, which maximizes automation while lowering energy consumption during evisceration, is thought to be the cause of this. Because of their durability, effectiveness, and safety, this equipment yields a clean, high-quality final result.
- Based on the product, the Seafood Processing Equipment industry is categorized into Smoked, Frozen, Canned, Dried and Others. The Frozen category is expected to hold a prominent market share during the forecast period. This is due to the fact that frozen seafood items prolong food goods' shelf lives by preventing the growth of germs. Preservatives are not required when freezing food because it is a natural process. Seafood and fish that are frozen have better nutritional value. All microbial activity, including food poisoning pathogens, is stopped by freezing, as is rotting.
Seafood Processing Equipment Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. The Asia Pacific is expected to dominate the market during the forecast period. This is because of growing population and health concerns among people in nations like China, Japan, and India, which have led to greater seafood product consumption. Furthermore, throughout the projected period, the existence of significant corporations in this area is anticipated to fuel market revenue development. For instance, Yanmar Maritime Systems Co., Ltd., a company under the Yanmar Group, began taking orders for a new automated fish counting system in Japan. The device uses image recognition technology to count the number of fish and was designed with tuna farming in mind. Understanding the number of fish in each net is crucial for managing feed consumption and production volume in fish farming.
Seafood Processing Equipment Market- Competitive Landscape:
The key players operating in the market are: Illinois Tool Works Inc., Millard Manufacturing Corporation, GEA Group Aktiengesellschaft, RISCO S.p.A, BIRO Manufacturing Company, Minerva Omega group s.r.l., Apache Stainless Equipment, Marel, BAADER, CTB, INC., Ross Industries, Inc., Cabinplant, Pisces Fish Machinery Inc., Bettcher Industries, Inc. and BRAHER INTERNACIONAL, S.A. among others.
Recent Developments:
In February 2023, a global food processing firm called Marel introduced the MS 2750 filleting equipment. It is predicted to offer the greatest yield processor and trout weighing between 1.5-10 kgs.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL SEAFOOD PROCESSING EQUIPMENT MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
- Millard Manufacturing Corporation
- GEA Group Aktiengesellschaft
- BIRO Manufacturing Company
- Minerva Omega group s.r.l.
- Apache Stainless Equipment
- Pisces Fish Machinery Inc.
- Bettcher Industries, Inc.
- BRAHER INTERNACIONAL, S.A.
GLOBAL SEAFOOD PROCESSING EQUIPMENT MARKET, BY EQUIPMENT- MARKET ANALYSIS, 2019 - 2032
- Scaling
- Gutting
- Slaughtering
- Filleting
- Others
GLOBAL SEAFOOD PROCESSING EQUIPMENT MARKET, BY PRODUCT- MARKET ANALYSIS, 2019 - 2032
- Smoked
- Frozen
- Canned
- Dried
- Others
GLOBAL SEAFOOD PROCESSING EQUIPMENT MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA