27-May-2019: The global seafood processing
equipment market size is expected to value USD 2.51 million by 2025 at a 3.2%
CAGR over the forecast period. The demand for seafood products and food in
general, is high in developed as well as in developing regions. This factor is
expected to boost the global seafood processing equipment market by 2025.
Government regulations to safeguard the manufacturing processing and to provide
a framework for hygiene and standardization of products are anticipated to
enhance business growth over the forecast period.
Increasing demand for fish and
other seafood products with increasing investments to manufacture efficient
units is predicted to encourage market growth in near future. Increasing
industrial automation rate coupled with easy availability of these units is
predicted to encourage expansion of the market for seafood processing equipment
over the forecast years.
In terms of product, frozen
seafood emerged dominant in 2017. It is forecasted to expand at a CAGR of 1.8%
over the forecast period owing to advancements in processing technologies.
Frozen seafood is expected to ramp up the production of seafood processing
equipment over the next decade owing to the exponential growth in demand,
particularly from Asia Pacific and Africa. However, canned seafood is expected
to emerge as the fastest growing product segment with a CAGR of 3.6% over the
forecast period.
In terms of equipment, scaling
equipment emerged dominant with a market share of over 22.07% in terms of value
in 2017. It is expected to be the fastest growing segment with a CAGR of 3.8%
over the forecast period. Recent advancements in the machine and equipment
sector are expected to revolutionize the industry and boost the market share
further in the forthcoming years. It is expected to dominate the equipment
segment of seafood processing equipment in the year 2017.
In
depth research report on Seafood Processing Equipment Market
Further
key findings from the study suggest:
· The
U.S. seafood processing equipment market revenue is projected to expand at a
CAGR of 2.1% over the forecast period
· Favorable
regulations, along with the economic benefits offered by equipment manufacturers
and distributors, are projected to boost growth by 2025
· The
U.K. market, in terms of value, accounted for USD 107.08 million in 2017
· Scaling
equipment is expected to have a significant CAGR of 2.5% during the forecast
period
· India
is among some of the prominent markets in Asia Pacific and is expected to reach
USD 208.22 million over the forecast period owing to significant rise in
population and industrial development
· BAADER
Group., GEA Group Aktiengesellschaft, Arenco AB, Marel, Uni-Food Technic A/S,
SEAC AB, and Polar Systems Ltd. are some of the key players operating in the
market.
Grand View Research has
segmented the global seafood processing equipment market on the basis of
product, equipment type, and region:
Seafood
Processing Equipment Type Outlook (Revenue, USD Million, 2014 - 2025)
· Slaughtering
· Gutting
· Scaling
· Filleting
· Others
Seafood
Processing Equipment Product Outlook (Revenue, USD Million, 2014 - 2025)
· Frozen
· Smoked
· Canned
· Dried
· Others
Browse
more research reports of this category:
About
Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
