Authored By: Sarah
17 Feb 2025

Latest News- Fish Processing Equipment Market: Filleting and skinning equipment is expected to lead the Product segment during 2025-2029

The Fish Processing Equipment Market is being driven by Increasing consumption and demand for fish and fish products

The Fish Processing Equipment Market is expected to grow at a CAGR of 1.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 63.5 million. The global fish processing market is witnessing significant growth, with numerous companies expanding their operations in various regions to tap into new markets and boost sales and profits. Baader, a leading player in this industry, is actively participating in major trade shows, such as the Seafood Processing Global (SPG) in Barcelona, Spain, in April 2024, to showcase its innovative products and solutions. Additionally, Baader has recently inaugurated a new Latin American hub in Queretaro, Mexico, in January 2024, further expanding its footprint and enhancing its ability to serve customers in the region. These strategic expansions underscore Baader's commitment to growth and its position as a key player in the fish processing equipment market. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

  • Product
    • Filleting and skinning equipment
    • De-heading and gutting equipment
    • Grading equipment
    • Scaling equipment
    • Others
  • Distribution Channel
    • Online distribution channel
    • Offline distribution channel
  • Type
    • Fresh and chilled fish
    • Dried fish
    • Frozen fish
    • Canned fish
  • Technology
    • Automated equipment
    • Semi-automated equipment
    • Manual
  • Geography
    • APAC
      • China
      • India
      • Vietnam
    • Europe
      • Germany
      • UK
      • France
      • Norway
    • North America
      • Canada
      • US
    • Middle East and Africa
      • South America
        • Chile

    According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

    • Increasing consumption and demand for fish and fish products
    • Rising focus on preventing fish products from deterioration
    • Compliance with government regulations and standards

    However, the market also witnesses some limitations, which are as follows:

    • Risk of contamination followed by product recalls
    • Prevailing use of conventional fish processing methods
    • Environmental challenges during fish processing

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    Market Scope in Fish Processing Equipment Market Research Report

    Market Scope

    Report Coverage

    Details

    Page number

    248

    Base year

    2024

    Historic period

    2019-2023

    Forecast period

    2025-2029

    Growth momentum & CAGR

    Accelerate at a CAGR of 1.4%

    Market growth 2025-2029

    USD 63.5 million

    Market structure

    market_structure.ucfirst

    YoY growth 2024-2025(%)

    1.4

    Key countries

    US, China, Norway, Vietnam, Germany, India, UK, Canada, France, and Chile

    Competitive landscape

    Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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    Research Analysis Overview

    The global fish processing equipment market is driven by the expanding global seafood market, with a focus on the nutritional benefits of fish, particularly omega 3 fatty acids in the fish oil market. Aquaculture species, including salmon and pollock, face challenges such as bacterial illnesses, leading to increased demand for automation and processing byproducts. FDA authorization and food safety regulations prioritize hygiene and environmental sustainability in seafood processing facilities. Process water and waste volume are key considerations, with a focus on reducing overfishing, bycatch, and wastewater's biological oxygen demand. Value-added items, seafood export, and demand from restaurants and catering services also impact market growth.

    Market Research Overview

    The Fish Processing Equipment Market is a significant segment of the global Industrial Machinery and Supplies and Components Market, encompassing companies that manufacture machinery and components for fish processing. This market's growth is driven by the expanding fish oil market, increasing demand for aquaculture therapeutics, and FDA authorization of Omega 3 fatty acids in various applications. Aquaculture species, particularly those susceptible to bacterial illnesses, require advanced processing equipment to ensure nutritional value and maintain product quality. The global industrial machinery and supplies and components market's expansion is fueled by the increasing industrial output, particularly in developing countries, leading to capacity additions in process and discrete industries, including fish processing. Industries producing energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages continue to experience growing demand due to economic expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


    Contacts

    Technavio Research
    Jesse Maida
    Media & Marketing Executive
    US: +1 844 364 1100
    UK: +44 203 893 3200
    Email: media@technavio.com
    Website: www.technavio.com/

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