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Global Seafood Processing Equipment Market Size study & Forecast, by Equipment (Slaughtering, Gutting, Scaling, Filleting, Other) by Product (Frozen, Smoked, Canned, Dried, Other) and Regional Analysis, 2023-2030
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Global Seafood Processing Equipment Market is valued approximately at USD 2.29 billion in 2022 and is anticipated to grow with a compounded annual growth rate of more than 3.20% over the forecast period 2023-2030. Seafood Processing Equipment refers are used in the processing and preparation of seafood products. It encompasses a wide range of equipment, designed to handle various stages of seafood, processing, from raw material handling and sorting to cleaning, cutting, cooking, freezing, packaging, and quality control. Thus, increasing demand for processed seafood and globalization of seafood are anticipated to fuel the market growth during the forecast period.
According to the Organization for Economic Co-operation and Development (OECD) in 2020, the global sea fish production is projected to reach 200 million metric tons by 2029, representing a 14% increase from the base period (average of 2017-2019). China as the world's leading fisheries and aquaculture producer, plays a significant role in influencing global fish production trends. According to Organization for Economic Co-operation and Development (OECD) in 2020, Asian countries are expected to be the key contributors to the growth in fish exports for human consumption, accounting for approximately 67% of the additional exports by 2029. However, government initiatives towards conservation of marine life and stringent food safety and quality regulation may hamper the growth of the Global Seafood Processing Equipment Market. Moreover, growing seafood consumption and global expansion of seafood facilities expected to be the growth opportunities for this market.
The key regions considered for the Global Seafood Processing Equipment Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific market dominated the regional market with the largest market share due to the presence of China as the world's leading fisheries and aquaculture producer, which contributes in influencing the trend for global fish production. Europe is expected to be the fastest growing region because of the rising demand for processed seafood and high-quality system requirement for seafood processing in this region.
Major market players included in this report are:
- BAADER LINCO Inc.
- Bettcher Industries Inc.
- Chore-Time and Brock (CBT) Inc.
- KM Fish Machinery A/S
- Marel Food Systems
- Pisces Fish Machinery Inc.
- SEAC AB
- Seafood Technology Limited
- Subzero (Grimsby) Limited
- Uni-Food Technic A/S
Recent Developments in the Market:
- In May 2023, Marel Food Systems presented several innovative products at Seafood Processing Global the (processing segment of seafood Expo Global) and launched the new 2750 salmon-filleting machine which have the ability to operate on Industry 4.0 technology, Internet-on-things (IoT) base.
- In December 2022, Duravnat LLC acquired Marelec Food Technologies in order to partly serve the seafood and marine sector.
Global Seafood Processing Equipment Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Equipment, Product, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Equipment:
- Slaughtering
- Gutting
- Scaling
- Filleting
- Other
By Product:
- Frozen
- Smoked
- Canned
- Dried
- Other
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Seafood Processing Equipment Market, by region, 2020-2030 (USD Billion)
- 1.2.2. Seafood Processing Equipment Market, by Equipment, 2020-2030 (USD Billion)
- 1.2.3. Seafood Processing Equipment Market, by Product, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Seafood Processing Equipment Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Seafood Processing Equipment Market Dynamics
- 3.1. Seafood Processing Equipment Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing Demand for Processed Seafood
- 3.1.1.2. Globalization of Seafood
- 3.1.2. Market Challenges
- 3.1.2.1. Government initiatives towards conservation of Marine Life
- 3.1.2.2. Stringent Food Safety and Quality Regulation
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing Seafood Consumption
- 3.1.3.2. Global Expansion of Seafood Facilities
Chapter 4. Global Seafood Processing Equipment Market: Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Seafood Processing Equipment Market, by Equipment
- 5.1. Market Snapshot
- 5.2. Global Seafood Processing Equipment Market by Equipment, Performance - Potential Analysis
- 5.3. Global Seafood Processing Equipment Market Estimates & Forecasts by Equipment 2020-2030 (USD Billion)
- 5.4. Seafood Processing Equipment Market, Sub Segment Analysis
- 5.4.1. Slaughtering
- 5.4.2. Gutting
- 5.4.3. Scaling
- 5.4.4. Filleting
- 5.4.5. Other
Chapter 6. Global Seafood Processing Equipment Market, by Product
- 6.1. Market Snapshot
- 6.2. Global Seafood Processing Equipment Market by Product, Performance - Potential Analysis
- 6.3. Global Seafood Processing Equipment Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
- 6.4. Seafood Processing Equipment Market, Sub Segment Analysis
- 6.4.1. Frozen
- 6.4.2. Smoked
- 6.4.3. Canned
- 6.4.4. Dried
- 6.4.5. Other
Chapter 7. Global Seafood Processing Equipment Market, Regional Analysis
- 7.1. Top Leading Countries
- 7.2. Top Emerging Countries
- 7.3. Seafood Processing Equipment Market, Regional Market Snapshot
- 7.4. North America Seafood Processing Equipment Market
- 7.4.1. U.S. Seafood Processing Equipment Market
- 7.4.1.1. Equipment breakdown estimates & forecasts, 2020-2030
- 7.4.1.2. Product breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Seafood Processing Equipment Market
- 7.5. Europe Seafood Processing Equipment Market Snapshot
- 7.5.1. U.K. Seafood Processing Equipment Market
- 7.5.2. Germany Seafood Processing Equipment Market
- 7.5.3. France Seafood Processing Equipment Market
- 7.5.4. Spain Seafood Processing Equipment Market
- 7.5.5. Italy Seafood Processing Equipment Market
- 7.5.6. Rest of Europe Seafood Processing Equipment Market
- 7.6. Asia-Pacific Seafood Processing Equipment Market Snapshot
- 7.6.1. China Seafood Processing Equipment Market
- 7.6.2. India Seafood Processing Equipment Market
- 7.6.3. Japan Seafood Processing Equipment Market
- 7.6.4. Australia Seafood Processing Equipment Market
- 7.6.5. South Korea Seafood Processing Equipment Market
- 7.6.6. Rest of Asia Pacific Seafood Processing Equipment Market
- 7.7. Latin America Seafood Processing Equipment Market Snapshot
- 7.7.1. Brazil Seafood Processing Equipment Market
- 7.7.2. Mexico Seafood Processing Equipment Market
- 7.8. Middle East & Africa Seafood Processing Equipment Market
- 7.8.1. Saudi Arabia Seafood Processing Equipment Market
- 7.8.2. South Africa Seafood Processing Equipment Market
- 7.8.3. Rest of Middle East & Africa Seafood Processing Equipment Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. BADDER LINCO Inc.
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Recent Developments
- 8.3.2. Bettcher Industries Inc.
- 8.3.3. Chore-Time and Brock (CBT) Inc.
- 8.3.4. Km Fish Machinery A/S
- 8.3.5. Marel Food Systems
- 8.3.6. Pisces Fish Machinery Inc.
- 8.3.7. SEAC AB
- 8.3.8. Seafood Technology Limited
- 8.3.9. Subzero (Gimsby) Limited
- 8.3.10. Uni-Food Technic A/S
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- 9.3. Research Assumption
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