The global Processed Seafood and Seafood Processing Equipment market was valued at US$ 52140 million in 2019 and it is expected to reach US$ 70720 million by the end of 2026, growing at a CAGR of 4.4% during 2021-2026.
This report studies the Processed Seafood & Seafood Processing Equipment market status and outlook of global and major regions, from angles of manufacturers, regions, product types and end industries; this report analyzes the top manufacturers in global and major regions, and splits the Processed Seafood & Seafood Processing Equipment market by product type and applications/end industries.
In the coming years there is an increasing demand for processed seafood and seafood processing equipment in the regions of North America and Europe that is expected to drive the market for more advanced seafood processing equipment. Increasing of personal expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of processed seafood and seafood processing equipment of APAC will drive growth of the market.
The consumption volume of processed seafood is related to downstream industries and eating habits. As there will always be some uncertain in the eating habits in the following years, the growth rate of processed seafood industry may not keep that fast. But it is surely forecasted that the market of processed seafood is still promising.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as energy prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.
With emerging economies growing faster, a strategy has been adopted by most leading vendors in the processed seafood and seafood processing equipment market to approach these areas. We analysis of the processed seafood and seafood processing equipment market indicated that Europe would account for the highest sales in 2023 with close to 31 percent of global sales value coming from this region, but Asia and North America has higher growth rate. Vendors recognize the importance of this region, particularly in China, and are working towards penetrating this market by strengthening their sales and distribution networks.
Although the market competition of processed seafood and seafood processing equipment is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of processed seafood and seafood processing equipment and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
Global Processed Seafood and Seafood Processing Equipment Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Processed Seafood and Seafood Processing Equipment Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Marine Harvest, Thai Union Frozen Products, Maruha Nichiro Corporation, Nippon Suisan Kaisha, Kyokuyo, Trident seafood, Nueva Pescanova, High Liner Foods, Cermaq, Nomad Foods, Grieg Seafood, Austevoll Seafood, Guolian Aquatic Products, Zoneco Group, Marel, GEA, JBT, Baader, Skaginn 3X, Haarslev, Handtmann, Middleby, Laitram Machinery and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Frozen Seafood
- Smoked Seafood
- Canned Seafood
- Dried Seafood
- Surimi Seafood
Segment by Application
- Crustaceans Processing Equipment
- Fish Processing Equipment
- Molluscs Processing Equipment
Table of Content:
1 Processed Seafood and Seafood Processing Equipment Market Overview
2 Processed Seafood and Seafood Processing Equipment Market Competition by Manufacturers
3 Processed Seafood and Seafood Processing Equipment Retrospective Market Scenario by Region
4 Global Processed Seafood and Seafood Processing Equipment Historic Market Analysis by Type
5 Global Processed Seafood and Seafood Processing Equipment Historic Market Analysis by Application
6 Key Companies Profiled
7 Processed Seafood and Seafood Processing Equipment Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Processed Seafood and Seafood Processing Equipment Market Dynamics
10 Global Processed Seafood and Seafood Processing Equipment Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta