Global Seafood Processing Equipment Market Size To Worth USD 3.04 Billion By 2033
According to a research report published by Spherical Insights & Consulting, The Global Seafood Processing Equipment Market Size is Expected to Grow from USD 2.05 Billion in 2023 to USD 3.04 Billion by 2033, at a CAGR of 4.02% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Seafood Processing Equipment Market Size, Share, and COVID-19 Impact Analysis, By Seafood Type (Finfish, Crustaceans, Mollusks, and Others), By Equipment Type (Gutting, Scaling, Skinning, Deboning, Filleting, and Others), By Distribution Channel (Supermarkets & Hypermarkets, Food Specialty Stores, Convenient Stores, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Seafood processing equipment market refers to the industry that manufactures and sells equipment for processing seafood. There is widespread adoption of automation and smart technologies for enhancing efficiency and product quality. Further, advanced machinery minimizes labor costs, optimizes processes, and ensures consistency. Profitability and environmentally beneficial activities, which require a lot of resources, must be balance by processors. Further, the growth of internet shopping is giving seafood producers profitable chances to connect with customers directly. Businesses can broaden their market reach and adapt to shifting customer purchasing patterns by utilizing e-commerce. The increasing consumption of seafood owing to the awareness of its health benefits is propelling the market. Further, the increasing consumer inclination towards nutritious diets and the need for various processed seafood products is propelling the market growth. On the contrary, concerns about the safety and quality of seafood are challenging the seafood processing equipment market.
The finfish segment is expected to account for the largest share of the seafood processing equipment market during the forecast period.
Based on the seafood type, the global seafood processing equipment market is divided into finfish, crustaceans, mollusks, and others. Among these, the finfish segment is expected to account for the largest share of the seafood processing equipment market during the forecast period. The widespread consumption and commercial significance of the finfish type of seafood are driving the market expansion in the finfish segment.
The filleting segment is anticipated to account for the largest share of the seafood processing equipment market during the forecast period.
Based on the equipment type, the global seafood processing equipment market is divided into gutting, scaling, skinning, deboning, filleting, and others. Among these, the filleting segment is anticipated to account for the largest share of the seafood processing equipment market during the forecast period. The increasing need for ready-to-cook (RTC) and value-added fish products is driving the market demand.
The supermarkets & hypermarkets segment is dominating the global seafood processing equipment market through the projected period.
Based on the distribution channel, the global seafood processing equipment market is divided into supermarkets & hypermarkets, food specialty stores, convenient stores, and others. Among these, the supermarkets & hypermarkets segment is dominating the global seafood processing equipment market through the projected period. Supermarkets and hypermarkets, which provide a variety of products under one roof, are important distribution channels for equipment used in seafood processing.
Asia Pacific is projected to hold the largest share of the global seafood processing equipment market over the forecast period.
Asia Pacific is projected to hold the largest share of the global seafood processing equipment market over the forecast period. The robust seafood consumption and significant aquaculture production are driving the market growth in the region. The increased popularity of sustainable fishing methods and government assistance for updating the facilities used for processing seafood is driving market expansion.
Europe is predicted to grow at the fastest CAGR in the seafood processing equipment market over the forecast period. The use of these equipment in healthcare, automotive, consumer electronics, and machinery is driving the market demand. Further, the growing need for more automated food processing equipment and seafood consumption among consumers is propelling the market growth.
Company Profiling
Major key players in the seafood processing equipment market include Polar Systems Ltd., JBT Corporation, Marel, Subsero (Grismby) Ltd., GEA Group Aktiengesellschaft, Uni-Food Technic A/S, BAADER Group., Arenco AB, Marel, SEAC AB, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In November 2024, Nordic Aqua (Ningbo) Co., Ltd, a fully owned subsidiary of Nordic Aqua Partners (“Nordic Aqua”) entered into a 30-year rental agreement for land and production facilities with Xiangshan Government through its affiliated company, Xiangshan Strait Economic & Technological Cooperation Co., Ltd.
- In February 2023, Fosnavåg, Norway-based Leinebris placed an order with Carsoe for an onboard seafood-processing factory for its new fishing vessel, which is scheduled to be delivered in 2025.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global seafood processing equipment market based on the below-mentioned segments:
Global Seafood Processing Equipment Market, By Seafood Type
- Finfish
- Crustaceans
- Mollusks
- Others
Global Seafood Processing Equipment Market, By Equipment Type
- Gutting
- Scaling
- Skinning
- Deboning
- Filleting
- Others
Global Seafood Processing Equipment Market, By Distribution Channel
- Supermarkets & Hypermarkets
- Food Specialty Stores
- Convenient Stores
- Others
Global Seafood Processing Equipment Market, Regional Analysis
- North America
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa