Seafood Processing Equipment Market Worth $2.51 Billion By 2025 Due To High Demand For Seafood Products And Food | Grand View Research, Inc.

Seafood Processing Equipment Market Worth $2.51 Billion By 2025 Due To High Demand For Seafood Products And Food | Grand View Research, Inc.

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According to a report published by Grand View Research, strict regulatory guidelines on food and related sectors are anticipated to boost the customer preference for seafood. Increasing wages, economy and urbanization are projected to further boost the global seafood processing equipment market. In addition, lockdowns across the globe in 2020 and continued restrictions in 2021 due to the COVID-19 pandemic have threatened the supply chain that poses problems for the manufacturers.

The global seafood processing equipment market size is expected to value USD 2.51 million by 2025 at a 3.2% CAGR over the forecast period. The market for seafood and food items, in general, is strong in both developed and emerging regions. This factor is expected to fuel the global demand for seafood processing equipment by 2025. Government legislation to safeguard industrial processing and to provide a structure for the sanitation and standardization of products is expected to increase market development over the projected period.

The rising demand for fish and other seafood products, with the rising investment for the development of efficient units, is expected to stimulate market growth in the coming years. The increase in the industrial automation rate coupled with the easy availability of these units is expected to promote the expansion of the market for seafood processing equipment over the forecast period. 

Seafood Processing Equipment Market Highlights

• On the basis of equipment, the scaling equipment segment emerged dominant with a market share of more than 22.07% in terms of volume in 2017. The segment is also anticipated to register the fastest CAGR of 3.8% over the forecast period.

• On the basis of product, the frozen seafood segment emerged dominant with a market share of more than 20.23% in terms of volume in 2017. On the other hand, the canned seafood segment is expected to record the fastest CAGR of 3.6% over the forecast period.

• In July 2020, Einhamar Seafood announced the installation of the FleXicut system at its Grindavík processing plant. With FleXicut, the company plans to increase the level of automation in its manufacturing, improving both its processes and the final product.

• The Asia Pacific region is expected to lead the global market over the forecast period. In terms of revenue, Asia Pacific contributed a 42.13% share in 2017 and is expected to expand at a CAGR of 4.7% during the forecast period.

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Seafood Processing Equipment Market Segmentation

Grand View Research has segmented the global seafood processing equipment market on the basis of product, equipment type, and region:

Seafood Processing Equipment Type Outlook (Revenue, USD Million, 2014 – 2025)

    • Slaughtering
    • Gutting
    • Scaling
    • Filleting
    • Others

Seafood Processing Equipment Product Outlook (Revenue, USD Million, 2014 – 2025)

    • Frozen
    • Smoked
    • Solvents
    • Canned
    • Dried
    • Others

Seafood Processing Equipment Regional Outlook (Revenue, USD Million, 2014 – 2025)

    • North America
        • U.S.
        • Canada
        • Germany
        • Russia
        • The U.K.
        • Turkey
        • Italy
    • Asia Pacific
        • China
        • Japan
        • South Korea
        • India
        • Australia
    • Central & South America
        • Brazil
    • MEA
        • South Africa

List of Key Players of Seafood Processing Equipment Market

    • BAADER Group.
    • Marel
    • GEA Group Aktiengesellschaft
    • Biro Manufacturing Company
    • Arenco AB
    • Polar Systems Ltd.
    • Uni-Food Technic A/S
    • The Great Eastern Shipping Co. Ltd.
    • Kuwait Oil Tanker Company
    • DAE Sun Shipbuilding and Engineering Co. Ltd.
    • Namura Shipbuilding Co., Ltd.
    • EXMAR
    • STX Corporation
    • PT Pertamina (Persero)
    • Epic Gas Ltd.

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About Grand View Research

Grand View Research is a U.S. & India-based market research and consultancy firm. It is headquartered in San Francisco. We provide business insights, syndicated research reports, and customized research reports to large as well as small and medium-scale enterprises. Our database features thousands of statistics and in-depth analyses on more than 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional as well as the global business environment.

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