Authored By: Sarah
11 Jul 2024

 Seafood Processing Equipment Market Size to grow by USD 554.8 million between 2024-2028

According to a research report “ Seafood Processing Equipment Market” by Product (Slaughtering equipment, Scaling equipment, Filleting equipment, Gutting equipment, Others) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 554.8 million, at a CAGR of  4.5% during the forecast period. Seafood processing plants serve as the primary consumers of seafood processing equipment, driven by the increasing demand for processed seafood products from consumers. In response to this trend, processing plants are expanding their facilities to meet consumer preferences for convenient and high-quality seafood offerings. Consequently, the global seafood processing equipment market experiences significant growth, providing ample business opportunities for equipment vendors. These vendors offer essential tools such as filleting machines, deboning equipment, and packaging systems to enhance processing plant efficiency, improve product quality, and adhere to regulatory standards. Furthermore, technological advancements in automation and sustainability are motivating processors to upgrade their existing equipment, leading to continuous market expansion.

Browse market data tables, figures, and in-depth TOC on “Seafood Processing Equipment Market” by Product (Slaughtering equipment, Scaling equipment, Filleting equipment, Gutting equipment, Others) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Product, the Slaughtering equipment segment is projected to dominate the market size in 2024

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By Geography, APAC  segment is expected to hold the largest market size for the year 2024

The Seafood Processing Equipment Market represents a significant business sector, driven by the increasing global demand for seafood products. Key players in this market invest in advanced technology and innovative solutions to streamline operations, enhance product quality, and improve efficiency. Equipment offerings include filleting machines, smoking equipment, freezing systems, and packaging solutions. Market growth is fueled by factors such as population growth, changing consumer preferences, and government regulations.

APAC is forecasted to hold the largest market size by region in 2024

The Seafood Processing Equipment Market is experiencing significant growth due to increasing global demand for seafood and advancements in technology. Suppliers are focusing on producing efficient, automated equipment to meet the industry's evolving needs. Key players are investing in innovation, such as improved freezing technologies and sustainable processing methods, to maintain competitiveness. The market is expected to continue expanding, driven by consumer preferences for high-quality, fresh seafood products.

The Seafood Processing Equipment Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Baader Global SE
  • CTB Inc.
  • Franz Haniel and Cie. GmbH
  • GEA Group AG
  • Henan Lima Machinery Manufactory Co. Ltd.
  • Inducore AB
  • Kroma AS
  • Marel Group
  • Maruha Nichiro Corp.
  • Mowi ASA
  • MTC Food Equipment, Inc.
  • Optimar AS
  • Pearce Processing Systems Inc.
  • Pisces Fish Machinery Inc.
  • Polar Systems Ltd.
  • SEAC
  • Seafood Technology Ltd.
  • Skaginn 3X
  • Uni Food Technic AS
  • Zhengda Food Machinery Co. Ltd.
.

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Research Analysis Overview

The Seafood Processing Equipment Market is witnessing significant growth due to the increasing demand for fish species in various food industries and seafood export markets. The equipment used in this industry requires high reliability and simple operation to ensure the best quality of the final product. Innovative equipment, made primarily from stainless steel, is being used for various treatment processes such as freezing, cooking, and smoking. The service life of seafood processing equipment is crucial to minimize waste volume and transportation costs. Fully automatic segment, including slaughtering equipment and automated filleting machines, is gaining popularity due to enhanced hygiene features and food safety regulations. Seafood supply chains and sourcing are also crucial factors influencing the market. Overfishing and food safety concerns are driving the need for specialized processing equipment to extract Omega 3 fatty acids and maintain the largest solids possible in the final product. The market for seafood processing equipment is expected to continue growing, driven by the demand for frozen seafood and the need to meet evolving food safety regulations.

Market Research Overview

The Seafood Processing Equipment Market is witnessing rapid advancements due to the increasing demand for desired food quality and changing consumer lifestyles. With complex manufacturing operations, automated equipment, and packaging solutions becoming the norm, seafood processing technologies are evolving to meet these demands. The market for seafood processing equipment is significant, with expenditure capacity driven by pet humanization, nutritious pet food, and the aquaculture industry. Seafood processing facilities require high reliability and simple operation, with equipment made of stainless steel for odor control and longer service life. Innovative equipment includes treatment processes for wastewater, reducing waste volume and transportation costs, and handling larger solids for fish species like Pollock and Salmon. Food safety regulations, enhanced hygiene features, and automated filleting, deboning, skinning, and gutting are essential for ensuring food safety and meeting consumer expectations. Seafood processing plants produce byproducts, which can be utilized for other industries, extending the value chain. The retail and supermarket sector, direct sales, and frozen seafood segments are driving the market growth. The fully automatic segment is gaining popularity due to its ability to process large quantities and improve shelf life. Slaughtering equipment and specialized processing equipment are also in demand, with a focus on Omega 3 fatty acids, unsaturated fatty acids, lipids, and protein. Urbanization, population growth, changing consumer lifestyles, and health consciousness are increasing the consumption rate of seafood. However, food safety concerns, food safety regulations, seafood sourcing, overfishing, and seafood export markets are challenges that the industry must address.

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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