Global Processed Seafood & Seafood Processing Equipment Market Size, Trends & Analysis with Covid-19 Impact Forecasts to 2026 By Type (Fish, Crustaceans, Mollusks, Others (Sea Urchins & Turtles)); By System (Frozen, Dried, Smoked, Canned, Surimi, Others); By Equipment Type (Slaughtering, Smoking, curing & filling, Gutting, Scaling, Skinning, Filleting, Deboning, Others); By Seed Food Type (Fish, Crustaceans, Mollusks, Others), (By Region (North America, Europe, Asia Pacific, MEA, and CSA); End-User Landscape, Vendor Landscape, and Company Market Share Analysis & Competitor Analysis
Processed Seafood & Seafood Processing Equipment Market Insights
The processed seafood & seafood processing equipment market will register a high revenue and high CAGR growth during the predicted period of 2020-2026. The market growth can be attributed due to the increasing seafood trade, and increasing consumption of processed food in developing countries. The seafood processing equipment slows down and prevents enzymatic, bacterial deterioration. They also improve and maintain seed food flesh in a fresh condition. The growing demand for high-quality seafood products is boosting the market growth. The companies involved in aquaculture are implementing automated processing equipment for better seafood processing. Increased focus on production efficiency, processing time, and quality of food products is driving the market growth. However, the high set-up cost is obstructing the overall market growth of the processed seafood & seafood processing equipment business.
Seafood Processing Equipment Market: By Type
By type, the market is explained into three types namely mollusks, fish, and crustaceans. The fish segment is the highest profit-making segment and is expected to dominate the market during the forecast period. Fish is a widely consumed see food across the globe. The growing production of fish in the Asia Pacific region is supporting market growth. The presence of more number of fish growing farmers across the globe is positively impacting the market. The growing demand and trade of processed fish products are expanding the market growth for fish types.
Processed Seafood & Seafood Processing Equipment Market: By Equipment Type
Based on equipment type, the market is explained into deboning, filleting, curing & filling, slaughtering, smoking, scaling gutting, and skinning among others. The slaughtering equipment will generate high revenue compared to other equipment types in the global seafood processing equipment. Slaughtering equipment is available in different types which include manual, electric, semi-automatic, and automatic. These machines are majorly adopted by fish processing companies for various types of cuts.
Processed Seafood & Seafood Processing Equipment Market: By System
By system, the market is segregated into frozen, dried, smoked, canned, and surimi among others. Furthermore, the others segment is divided into fish fillets, fish pops, fish corns, and fish fingers among others. The frozen system will be the prominent segment and will generate significant revenue over the prediction period. Food processing companies mostly use frozen systems to store food and raw materials. Frozen systems keep food fresh for longer durations.
Processed Seafood & Seafood Processing Equipment Market: By Region
The Asia Pacific region will dominate the global market and will occupy a major share during the prediction period. The growing number of working employees and changes in food habits in the region are boosting the market growth. Increasing demand and consumption of processed and convenience seafood in the developing economies such as China, Japan, and India among others are driving the region's growth. The advancement in food processing technology in the last few years and the manufacturers having shown interest in automation technologies to see food processing are positively impacting the market growth.
Processed Seafood & Seafood Processing Equipment Market: By Market Share and Competitor Analysis
The key players operating in the market include Marel, Uni-Food Technic A/S, JBT, Subzero, BAADER, Food Equipment, Inc., Middleby Corporation, John Bean Technologies Corporation, GEA Group Aktiengesellschaft, Seafood Technology Limited, Pisces Fish Machinery Inc., Cabinplant, M.T.C, and SEAC AB among others.
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global Processed Seafood & Seafood Processing Equipment Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Processed Seafood & Seafood Processing Equipment Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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