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Global Seafood Processing Equipment Market to Reach US$ 2.5 Billion by 2027, Impelled by Rising Need to Comply with Food Waste Disposable Regulations

Published on Oct 21, 2022

The latest report by IMARC Group, titled " Seafood Processing Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027," finds that the global seafood processing equipment market size reached US$ 1.9 Billion in 2021. Seafood processing equipment refers to the device used to recover valuable processing byproducts. It offers several advantages, such as effectively removing process water from larger solids, minimizing maintenance and transportation costs, and reducing waste volume in treatment processes while improving the efficiency of seafood processing facilities. Nowadays, various innovative seafood processing equipment made of stainless steel with long service life, simple operation, and high reliability are gaining traction across the globe.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.??

Global Seafood Processing Equipment Market Trends:

The market is primarily driven by the rising need to comply with stringent food waste disposable regulations. Seafood processing generates a significant amount of wastewater with high concentrations of biological oxygen demand (BOD) and total suspended solids (TSS), escalating the demand for seafood processing equipment to control odor from the storage and cooking of products. In addition, the escalating demand for seafood products due to the rising health consciousness among individuals represents another major growth-inducing factor. Besides this, several leading players are investing in research and development (R&D) activities to introduce innovative designs with enhanced capacities. This, coupled with the growing trend of pet humanization, the increasing expenditure capacity of the masses, and rising concerns among pet parents about the well-being of their pets, are influencing the adoption of nutritious pet food containing seafood, thus positively influencing the market growth. Looking forward, IMARC Group expects the market to reach US$ 2.5 Billion by 2027, exhibiting a CAGR of 5.17% during the forecast period (2022-2027).

Market Summary:

  • Based on the seafood type, the market has been classified into finfish, crustaceans, mollusks, and others.
  • On the basis of equipment type, the market has been segmented into gutting, scaling, skinning, deboning, filleting, and others.
  • Based on the distribution channel, the market has been categorized into supermarkets and hypermarkets, food specialty stores, convenience stores, and others.
  • Region-wise, the market has been divided into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has been examined in the report, with some of the key players being BAADER, Bettcher Industries Inc, CTB Inc. (Berkshire Hathaway Company), JBT Corporation, KM Fish Machinery A/S, Marel, Pisces Fish Machinery Inc., SEAC AB, Seafood Technology Limited, Subzero (Grimsby) Limited and Uni-Food Technic A/S.
     

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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