Fish Processing Equipment Market Scope
Fish processing refers to processes that happen between the time fish are harvested and the time the finished product is delivered. The final product that is delivered to customers will be in ready-to-cook or ready-to-eat form. Fish processing covers all kinds of fish, whether it is being harvested from fish farms or wild fisheries. Fish are very highly perishable products. Therefore, it is important to process the fish post-harvest in order to prevent it from deterioration or spoilage. Fish processing helps to preserve the nutritional quality of fish and increase the shelf life of fish products. Fish preservation can be done using various activities such as controlling the temperature of the fish, controlling water activity, physical and chemical control of microbial loads, and other activities. Fish processing mainly consists of two steps. The primary processing step involves cleaning: sorting, freezing, and other activities.
According to AMA, the Global Fish Processing Equipment market is expected to see growth rate of 7.5% Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Fish Processing Equipment market throughout the predicted period.
Charoen Pokphand Foods Plc. (Thailand), Maruha Nichiro Corporation (Japan), Nippon Suisan Kaisha, Ltd. (Japan), Marel (Iceland) and Optimar (Norway) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Skaginn 3X (Iceland) and Arcos (France).
Segmentation Overview
The study have segmented the market of Global Fish Processing Equipment market by Type (Filleting And Skinning Equipment, Grading Equipment, De-grading And Gutting Equipment and Scaling Equipment) and Region with country level break-up.
On the basis of geography, the market of Fish Processing Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Shifting Trend of Consumer towards Nutrition Food Products and Expansion of Fish Processing Plants Across the Globe
Market Growth Drivers:
Growth of the Aquaculture Industry, Rise in Demand for Seafood Products With Regards To the Importance of Seafood In the Diet and Growing health awareness
Challenges:
Food Safety and Regulatory Compliance Requirement
Restraints:
High Capital Investment with a Low Replacement Frequency and Environment Imbalance
Opportunities:
Improved Packaging Solution Resulting In Longer Shelf Life of Processed Seafood Products
Market Leaders and their Expansionary Development Strategies
In May 2023,First Solar Inc. has acquired Evolar AB, a European thin film company. Officials say the purchase price is approximately USD38 million paid at closing and up to an additional USD42 million to be paid subject to certain technical milestones achieved in the future
In August 2018, Marel hf is a multi-national food processing company that manufactures and provides equipment, systems, software and services to the poultry, meat and fish processing industries acquired the German-based food processing equipment manufacturer, MAJA-Maschinenfabrik Hermann Schill GmbH and Co. KG (Germany). This acquasition would strengthen the company’s seafood processing equipment product line in future.
Key Target Audience
Processed Seafood & Processing Equipment Manufacturers, Dealers, Distributors and Suppliers, Regulatory Organizations, Raw Material Suppliers and Distributors, Research Organizations and Consulting Companies and Market Research and Consulting Firms
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.