Fish Processing Equipment Market – Business Opportunities and Global Forecast to 2033

The fish processing equipment market is expected to grow at a healthy CAGR of 3.9% between 2023 and 2033. The market he holds in 2023 he holds a share of US$308.1 million. Projected to exceed USD 451.6 million valuation by 2033.

Rising per capita fish consumption has increased the demand for fish-based products and processed fish. Therefore, increasing urbanization has also permeated people’s diet. This ultimately increases the demand for fish processing equipment.

  • The government provides subsidies to small businesses to help food business enthusiasts set up fish processing units.
  • It is processed into various shapes such as balls, sticks, nuggets, cakes and pastes, which are by-products of traditional products. For example, fillets.
  • Vendors began making equipment for certain seafood to separate fish and prevent mixing of different fish.
  • Canned products such as canned tuna and shrimp pass through the processing unit. These canned products are in increasing demand as they penetrate as remote areas as possible.
  • Environmental risks and veganism hinder demand for processed fish.

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Top point:

  • A key segment based on production type is slaughter and evisceration equipment, which is likely to thrive at a CAGR of 3.5% (2023 – 2033) as it is the non-connected part of processing equipment and the most used in processing equipment. .
  • The largest segment based on end-user category is seafood processors, which is projected to grow at a CAGR of 3.7% between 2023 and 2033. High CAGR is attributed to diverse customer base along with strong supply chain.
  • China, Japan, and South Korea’s fish processing equipment market has strengthened over the years and is likely to grow at the same highest CAGR of 3.8% during the forecast period. This growth is attributed to the expanding seafood industry along with new dishes added as a result of globalization.
  • The United States will hold the largest market share of $89 million by 2033, thriving at a CAGR of 2.9%, while the UK will thrive at the same CAGR of 2.9% over the forecast period, owing to higher processed food consumption. increase.

 

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Competitor analysis:

Major companies focus on making processing units efficient and fast, while also focusing on making them more organic. Competitors are adopting techniques such as mergers and acquisitions to expand their supply chains and diversify their distribution channels. Major players in the fish processing equipment market are Marel, World Fishing & Aquaculture, Trifisk Manufacturing Inc., MTC Food Processing Equipment, Blois Fish Processing Automation Ltd.

Recent market trends:

  • Trifisk Manufacturing Inc has launched a line of fish processing equipment that ensures minimal water consumption, very little maintenance, increased profits and increased productivity
  • MTC Food Equipment has introduced the BAADER 212-CK header machine, which is a stand-alone machine and has an easy-to-shipment quality.

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Fish Processing Equipment Market Segmentation

By type:

  • Slaughter and evisceration equipment
  • deboning and skinning device
  • Curing/smoking equipment
  • Other types

By application:

By end use:

  • Hotel and Restaurant
  • seafood processor
  • others

By working mechanism:

By region:

  • North America
  • latin america
  • Asia Pacific
  • thing
  • Europe

 

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