Seafood Processing Equipment Market

Global Seafood Processing Equipment Market Size (2024 to 2032)

The global seafood processing equipment market size is expected to be worth US$ 1.56 billion in 2024, and it is determined to reach a valuation of US$ 2.41 billion by 2032, rising at an annual progression rate (CAGR) of 5.6% between 2024 and 2032.

Seafood is one of the safest foods consisting of salt water and fresh edible fish and many other forms of marine animals. Seafood is made up of important nutrients that help with heart health, improve vision, and improve brain strength. A variety of seafood processing equipment supports the production of high-quality seafood products to improve taste and increase shelf life. Additionally, the researchers found that unnecessary shellfish by-products contain collagen, bioactive peptides, gelatin, and other compounds, which could be used in the food, cosmetic, and biomedical industries. Seafood contains proteins, vitamins, minerals, and omega-3 fatty acids that are beneficial for human health. The demand for seafood processing equipment has made remarkable progress in recent years, with a growing number of health-conscious consumers.

Recent Developments in Seafood Processing Equipment Industry

• In June 2020, Mixter's Wixter Market launched a new national frozen seafood brand. The brand will allow the company to expand globally, increasing the demand for frozen seafood in the global market.

REPORT COVERAGE

MARKET DRIVERS 

The global seafood processing equipment market is driven by changing customer trends with nutritious food, wide access to a wide variety of fish species, increased health awareness and higher disposable income for the population. The growth of the aquaculture industry is driving the growth of the global market due to various factors such as improved logistics, technological development, and increased demand for seafood processing products. Also, fish skins, bones and scales, which are sources of calcium phosphate, gelatin, collagen and other necessary organic and inorganic elements, can be used for the fertilization of plants and soils. Compared to other processed foods, the proportion of Seafood processing equipment traded globally is considerably high and continues to grow. During the seafood processing activity, various additives are mixed to improve the odor of seafood and increase shelf life, texture, color and flavor, among other processes. As a result, more predictable harvests are possible and price strength is guaranteed. Farmed fish production mainly includes mollusks, fish, crustaceans and other aquatic animals. To meet the growing popularity of seafood specialties demanded by consumers, the demand for automation equipment in the food processing industry is increasing, further driving the seafood processing equipment market growth. Controlled growth and a clean environment linked to seafood processing equipment can alleviate concerns about product safety and quality. Consumers demand high quality processed foods with little change in nutritional properties. Therefore, new processing technologies have been discovered and implemented in the seafood processing equipment market to provide safe and fresh tasting nutritious food manufactured without the use of chemical preservatives. Besides, the expansion in consumption of processed aquatic products is driven by a combination of several aspects, including better distribution channels, reduced waste, increased utilization, increased population, urbanization, and increased demand related to growth.

The demand for delicious and healthy processed foods grows exponentially each year, increasing the population and the need to satisfy food needs. This puts pressure on the food processing industry. This factor is foreseen to benefit the seafood processing equipment market. Strict government regulations on food and related industries are expected to increase consumers' propensity for seafood. Rising income, urbanization, population, and health awareness are supposed to further drive market the seafood processing equipment business. The increase in protein consumption is due to a greater awareness of consumers about the benefits of foods with high nutritional value. The seafood processing equipment products industry has witnessed favorable market conditions and business scenarios with increased fish production. Increasing health awareness, increasing population disposable income and consumer trend towards nutritious food are the main factors expected to drive the growth of the global seafood processing equipment market. Additionally, the increasing need for processed seafood is another factor that is supposed to drive the growth of the seafood processing equipment market. Moreover, increasing demand for delicious and healthy processed seafood and increased consumer preference for a high protein diet are some of the other factors supposed to drive revenue in the global seafood processing equipment market.

MARKET RESTRAINTS

The growing gap in supply and demand, together with the lack of awareness of the population in underdeveloped regions, is likely to limit the overall growth of the global market. Pollution/contamination of aquatic products is stunting the growth of the market by mixing substandard and sometimes harmful substances to keep seafood fresh. It is very harmful for people with diabetes or high blood pressure, or when food becomes dirty and is not suitable for human consumption. The growing concern about additives used in these foods is a major factor that is likely to slow the growth of the global market for seafood processing equipment.

Seafood Processing Equipment Market Segmentation Analysis

By type, the Seafood processing equipment market is segmented into crustaceans, fish and molluscs. Among them, the fish sector is expected to be the largest revenue contributor in the processed seafood market during the forecast period. Due to the perishable nature of fish, it is essential that fishermen and fishermen handle it. The main processed fish available in the market are salted, fermented, dried and smoked. The initial stages of fish processing include degassing, washing, fermenting, drying, salting, and smoking. These processes then contribute to the development and change of texture, flavor and color and improve shelf life. Increasing demand and trade in processed aquatic products is expected to drive growth in this market.

By type of equipment, the market is segmented into Gutting, Slaughter, Filleting, Scaling, Smoking, Skinning and Curing and Filling. Among these, the slaughter sector is estimated to dominate the market growth. Many types of slaughter equipment are available in the seafood processing market, such as electric, automatic, manual, and semi-automatic. All these types have specific uses, but manufacturers of seafood processing products mainly adopt slaughter equipment, depending on the type of fish cutting required. There are four common types: straight cut, fish cut, contour cut, circle cut, and bevel cut.

Regional Analysis

The North American market is estimated to occupy the largest revenue share in the global market for Seafood processing equipment over the forecast period as disposable income increases and customer preferences for seafood processed in the countries of the region. The Asia Pacific market is expected to account for the second largest revenue share in the global market for seafood processing equipment and processed seafood as seafood consumer demographics rise and local countries set trends consumption on healthy eating habits. The economic performance of China, which has invested heavily in technology and research, favors regional growth. China is expected to make major changes to the food and beverage industry scenario to overcome challenges such as economic gaps and growing urbanization. The European market is supposed to record the fastest growth in terms of sales as health awareness increases and demand increases for Seafood processing equipment from countries in the region.

Key Players in the Market

Major Key Players in the Global Seafood Processing Equipment Market are

• JBT
• Marel
• Seafood Technology Limited
• BAADER
• Pisces Fish Machinery Inc
• Subzero
• Cabinplant
• Uni-Food Technic A/S
• M.T.C. Food Equipment, Inc
• SEAC AB