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Seafood Processing Equipment Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: June 2024 || SKU: AG3574
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Global Seafood Processing Equipment Market is segmented By Equipment Type (Scaling Equipment, Skinning Equipment, Filleting Equipment, Smoking and Curing Equipment, Fryers and Oil Treatment, Defrosting & Mixing, Deboning Equipment, Others), By Product Type (Frozen Seafood, Smoked Seafood, Canned Seafood, Others), By Seafood Type (Fish, Mollusks, Crustaceans, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

 

Seafood Processing Equipment Market Overview

The Global Seafood Processing Equipment Market is estimated to reach at a high CAGR during the forecast period 2024-2031

Seafood processing equipment includes machinery and tools designed to process various seafood or aquatic animals, including fish, crabs, shrimp and other animals. Processing equipment has an automatic and semi-automatic process for taking out the carcasses or shells of the seafood and removing meat from it, which is a crucial process for seafood. Processing of marine food is complex over meat and poultry owing to the high tenacity, small bones and indulgence shells. Thus, the processing involve grading, cutting, slicing, mixing, and freezing performed at precise level.

Processing equipment helps to reduce manual power and time and produce high-quality processed seafood. The design and specifications of equipment is important for the fish industry because of several phases of fish processing that encourage growth and spread. These hygienic designs include open design, no hidden areas, and reduce contact of surface and drainability of equipment, ensuring seafood hygiene and safety.Seafood processing machines have various parts for washing, cutting, and process, which reduces production time, which helps meet the demand for processed fish.

 

Seafood Processing Equipment Market Summary

Metrics

Details

Market CAGR

High

Segments Covered

By Equipment Type, By Product Type, By Seafood Type, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Largest Market Share 

Asia Pacific

 

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Seafood Processing Equipment Market Dynamics

Rising demand for processed seafood boosts the demand for seafood processing equipment

The growing fish consumption and demand for processed seafood owing to factors such as convenience and quality led to the growth of seafood processing industry, thus driving the sales of equipment. . Fish is considered as a rich source of protein and omega-3, and also provides vitamin D, vitamin B and minerals such as calcium, iron and magnesium. Beside these nutritional facts, several fish species has low cholesterol and calories, thus aiding human nutrition.  The increasing trade of seafood is another factor driving the need for processing. Processed seafood include forms such as frozen and pre-cooked that has high shelf-life over fresh and thus ensures quality supply over the supply chain. The evolution of effective packaging materials and technologies is supporting the growth of seafood packaging industry

Seafood Processing Equipment Market Segmentation Analysis

Frozen seafood is leading the market by processing type

Seafood is usually utilized to define all forms of dietary fishes, mollusks such as clams, oysters and shellfish such as crabs that hold a marine environment. Fish is the largest consumed seafood globally due to its health benefits. Before the invention of the processing equipment, people used sun-dry, salting, and Smoking and Curing Equipment to keep fish supply.

Modern processing equipment for washing, salting, degutting, fermentation, Smoking and Curing Equipment and drying makes processed food easy. Freezing is a method to preserve the food products such as fish, crabs, and other seafood, which increased the shelf life of the sea product, boosting the demand for seafood, which further increased the demand for seafood processing equipment. Frozen seafood is easy to cook and no taking time food and many available varieties in the market, increasing its demand.

Seafood Processing Equipment Market Geographical Share

Asia-Pacific is dominating the market owing to large production and processing industry

The Asia-Pacific is dominating seafood processing equipment market due to growing demand for seafood in the region. The significant factor of the growth of the seafood processing equipment market is growing health consciousness among population. Seafood is an excellent resource for high-quality protein, including Omega 3 fatty acids and lipids, which helps to decrease various types of disease. Several types of equipment are required for processing the seafood, such as skinning, filleting, slicing and others. Growing aquaculture import-export of seafood globally boosts the demand for various types of equipment in the Asia-Pacific region.

Seafood Processing Equipment Companies and Competitive Landscape

Wide usage of seafood processing equipment in cutting, slaughtering and slices made the market competitive

The global seafood processing equipment market is highly segregated with many players GEA Group Aktiengesellschaft, Pisces Fish Machinery Inc., CTB, INC., BAADER, Marel, Minerva Omega group s.r.l., BIRO Manufacturing Company, RISCO S.p.A., Millard Manufacturing Corporation, Bettcher Industries, Inc., Bristol Seafood, Zhengda Food Machinery Co. Ltd, Kroma, Uni-Food Technic A/S and others.

  • On 8 March 2020, Bristol Seafood has funded new equipment and technologies for its expanding groundfish business.
  • On 28 April 2021, BAADER has introduced a new machine that separates solid and soft protein ingredients for providers looking to glean more from their raw materials: the BAADER 608.
  • BAADER’s acquisition of a bulk share in Skaginn 3X has closed, the seafood processing equipment producer announced on 24 February 2021.

COVID-19 Impact: COVID-19 pandemic decreased the demand for seafood processing equipment

The market witnessed an abrupt decline in sales volume owing to the lockdowns and trade restrictions imposed by various countries globally. The manufacturing industry remained closed during most of the 2020 or operated with lower workforce and limited production. Also, the disruptions in transportation and logistics led to the decline of market value in 2020.

However, the market is likely to reach pre-pandemic level by 2021 with rapid vaccination process in place in most of the countries. Seafood processing is likely to reach record levels owing to increasing awareness towards safety and hygiene of food among consumers. The demand for seafood processing equipment will directly benefit with this consumer trend

Why Purchase the Report?

  • Understand the current market scenario and viability of global seafood processing equipment over the forecast period.
  • Visualize the composition of the global seafood processing equipment market in terms of equipment type, product type and seafood type to identify major players, growth potential, and market strategies
  • Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
  • Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Excel data sheet with valuable data points of the global seafood processing equipment market – Regional and Country level segmentation
  • Product mapping in excel for the key products of all major market players
  • Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

Target Audience:

  • Seafood Processing Companies
  • Food Processing Equipment Manufacturers
  • Import and Export Companies
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
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FAQ’s

  • The Global Seafood Processing Equipment Market is estimated to reach at a high CAGR during the forecast period 2024-2031

  • The market is segmented by equipment type (automatic, semi-automatic), product type (frozen, pre-cooked), seafood type (fish, shellfish), and region (Asia-Pacific, Europe, etc.).

  • Asia-Pacific currently holds the largest market share due to its booming seafood production, processing industry, and growing health consciousness among its population.

  • Leading players include GEA Group, Pisces Fish Machinery, BAADER, Marel, and Zhengda Food Machinery.
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