Seafood processing equipment Market is expected to grow with a CAGR of 2.9% from 2023 to 2030.

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Published Aug 1, 2024

This report describes the global market size of Global Seafood processing equipment Market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and its expected to grow with a CAGR of 2.9% from 2023 to 2030.

Seafood processing equipment refers to the machinery and tools designed for the commercial-scale processing and preparation of seafood products. This equipment is used in various stages of seafood processing, from the initial reception of raw seafood to the final packaging of processed products. Seafood processing involves a range of activities such as cleaning, filleting, cooking, freezing, and packaging, and the equipment is designed to streamline these processes for efficiency, safety, and quality control.

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Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Global Seafood processing equipment Market estimated at US $ million in the year 2022, is projected to reach a revised size of US$ million by 2030, growing at a CAGR of 2.9% during the forecast period 2023-2030. North American market for Global Seafood processing equipment Market is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of % during the forecast period of 2023 through 2030.

For geography segment, regional supply, demand, major players, price is presented from 2018 to 2030. This report cover following regions:

North America

Asia-Pacific

Europe

Middle East and Africa

South America

The key countries for each regions are also included such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

For competitor segment, the report include global key players of Global Seafood processing equipment Market as well as some small players. The information for each competitor include:

Company Profile

Main Business Information

SWOT Analysis

Sales Volume, Revenue, Price and Gross Margin

Market Share

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By Type

Slaughtering equipment

Gutting equipment

Scaling equipment

Filleting equipment

Others

Manufacturers may now offer a variety of functionalities in a single device thanks to technological developments in operations and software. In terms of value, scaling equipment dominated with a market share of more than 21.97% in 2017. Over the forecast period, it is expected to have the fastest CAGR of 3.4%. Recent technological advances in the machine and equipment sectors are predicted to change the industry in the near future.

The global market for seafood processing equipment is continuously in need of efficient and effective solutions for many complicated production procedures. Gutting equipment, which is a basic and crucial piece of processing equipment in seafood processing, is expected to develop significantly in the near future. Various pieces of equipment help to achieve the desired food quality and level of processed food.

By Products

Frozen seafood

Smoked seafood

Canned seafood

Dried Seafood

Others

In terms of value, frozen seafood emerged as the market leader in 2017, with a market share of more than 19.93%. The canned seafood segment, on the other hand, is predicted to grow at the quickest rate throughout the projection period, with a CAGR of 3.2%.

Due to changing customer food tastes, smoked fish was the second-largest contribution in terms of value, with a market share of 18.44% in 2017. This is an important product area since consumers' taste preferences change over time and are dynamic in nature.