Industry Outlook and Trend Analysis
The Seafood Processing Machinery Market was worth USD 1.28 billion in the year 2014 and is expected to reach approximately USD 1.89 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 4.39% during the forecast period. Seafood incorporates all the saltwater or fresh fishes and different types of oceanic animal life. Fish has various utilizations, which incorporate supply of basic nutrients, boost brain power, promote heart health, and improve eyesight. In addition, specialists have discovered that disposed of fish by-products contain gelatin, bioactive peptides, collagen, and different mixes, which can be utilized as a part of the biomedical, sustenance, and in beauty care products industries. The worldwide Seafood processing machinery market is driven by increasing health consciousness, shifting trend of customers towards nourishing food products, growing disposable revenue of the population, and widespread accessibility of various fish species. The end user sectors have been focusing on rendering high quality products due to shifting preference of consumers towards longer shelf and healthy seafood. This is anticipated to prompt high seafood processing machinery requirement over the upcoming years. In addition, rising issues about added substances used in such food products and safe disposing of by-products to put off natural defilement hamper the development of this market. Furthermore, scales, bones, and fish skin being stacked sources of gelatin, collagen, calcium phosphate, and other vital natural and inorganic components can be used as a part of covering bases and soil treatment.
Machinery Type Outlook and Trend Analysis
On the basis of machinery type the global Seafood Processing Machinery Market is segmented into Gutting Machines, Filleting Machines, Slaughter Machines and Scaling Machines among others. Gutting machines limit waste rate by gutting essentially a wide range of fish with high precision prompting diminishment of production cost. The powerful, unequivocally built scaling machines with belt drive offer immaculate scaling technology, with their body in stainless steel, programmed time selector and control valve for lessened water utilization and total operational security. This Filleting machine permits to filet all fish with up to a stature of 110 mm and a weight of 100-1000 g quick and correct, without gutting the fish. The machine is made of stainless steel and effectively cleaned with water.
Distribution Channel Outlook and Trend Analysis
The global Seafood Processing Machinery market has witnessed significant development owing to its wide availability in Food Specialty Stores, Convenient Stores, Supermarkets and Hypermarkets. Rising requirement of healthy and long shelf life, sea food has brought about elevated demand for seafood processing machinery. Its wide availability in supermarkets makes it convenient for consumers to purchase high quality products, thereby boosting the development of the market.
Regional Outlook and Trend Analysis
Europe and North America are the most essential seafood processing machinery markets around the world. European market is foreseen to run down with its offer to high improvement economies of Latin America and Asia Pacific by virtue of abnormal state of advancement and slow demand especially from end-use enterprises in the region. The prominence of seafood processing machinery market ubiquity from different regions, for example, Latin America and Asia Pacific is probably going to upgrade by virtue of developing income alongside changing client interest towards processed seafood for the most part in promising economies, for example, India and China.
The major players in the market are Freiremar S.A, John West Foods, Seattle Fish Company, Marine Harvest, Manitowoc Cranes, Thai Union Group, Royal Greenland, Tesco PLC, Baader Co., Pescanova and GEA Group. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Seafood Processing Machinery Market is segmented as follows-
By Machinery Type
By Distribution Channel
Food Specialty Stores
Other Distribution Channels
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?