Seafood Processing Machine Market Size, Share, and Growth Analysis, By Type (Fish Processing Machinery, Shrimp Processing Machinery, Shellfish and Algae Processing Machinery, and Others), By Application (Food & Beverages, Pharma & Healthcare, Feed, and Others), Regional Forecast to 2028

Updated On: 22 April 2024

REPORT OVERVIEW

• 

• Request a Free Sample to learn more about this report

The global seafood processing machine market size expanded in 2022 and is expected to experience consistent growth by 2028 exhibiting a positive CAGR.  The global COVID-19 pandemic has been unprecedented and staggering, with seafood processing machines experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

One of the protein-rich foods that need careful handling is fish. It is a crucial and dependably affordable dietary component all around the world. Massive consumer demand affects the fish industry's entire value chain and forces processors to increase output. In addition to preventing/delaying enzymatic, microbiological, and chemical deterioration, the goal of the seafood processing equipment market and conservation is to keep the fish flesh as close as feasible to that of fresh fish. The steps to do this start before the fishing trip and conclude after the seafood is consumed or transformed into oil, meal, or feed. So, paying close attention to every step of preparation, from cleaning to packaging, is essential to producing seafood of the highest quality.

As a highly regarded source of high-quality protein, lipids, and unsaturated fatty acids, seafood improves human health by lowering the risk of cardiovascular disease. The tools needed to process various types of seafood vary according to their functions, including those for filleting, gutting, deboning, scaling, skinning, and others. Every year, the consumption of fish increases significantly. Also, as the population grows, food is needed more. These elements help to advance the worldwide market. The fish processing equipment market is anticipated to have considerable growth in the near future due to rising health consciousness and the advantages of seafood in Europe, North America, and a number of developing nations in the Asia Pacific.

COVID-19 Impact: Population Avoided Seafood Which Impeded Market Growth

The outbreak of the pandemic led to ambiguity in the processing of seafood. The virus significantly negatively influenced the manufacturing of food processing equipment since it stopped factory and production operations. It all started in China, the primary source of raw materials for businesses operating on the global seafood processing machine market, and spread to affect the whole supply chain for businesses engaged in manufacturing. The equipment manufacturing industry experienced serious market ambiguity due to COVID-19's rapid global proliferation. Governments are taking precautionary measures to slow the spread of COVID-19 and reduce the risk of being affected, despite the closure of many large industries, such as separating workers and citizens. Due to an impetuous decision to implement a global lockdown, food processing equipment production has decreased. The pandemic led the population to put down the consumption of seafood as COVID-19 began with an animal. Thus, the population avoided seafood consumption to avoid getting infected by the virus.

LATEST TRENDS

"Rising Consumption of Seafood to Flourish Market Growth"

Seafood has high nutrition and boosts immunity. These factors are estimated to propel market growth. The consumption of seafood is estimated to surge the demand for seafood processing equipment in the market. The growing population leads to a rise in demand for seafood, ultimately surging the demand for seafood processing machines. The population knows the benefits of consuming seafood, boosting the demand for seafood. Adopting a healthy lifestyle is an additional factor in increasing the demand for seafood processing machines in the market.

Segmentation

• 

• Request a Free Sample to learn more about this report

• By Type Analysis

By type, the market is segmented into fish processing machinery, shrimp processing machinery, shellfish and algae processing machinery, and others.

• By Application Analysis

Based on application, the market is classified into food & beverages, pharma & healthcare, feed, and others.

DRIVING FACTORS

"Rising Per Capita Income to Surge the Food Processing Machine Demand"

With a growing population and a greater need to meet its dietary needs, the demand for pleasant and healthy processed food is increasing exponentially yearly. The food processing sector is under pressure as a result of this. This element is projected to benefit the seafood processing machine market growth. Rising per capita consumption leads to higher fish consumption and other sea animals. 

"Consistent Quality Work and Growing Number of Cafes to Augment Market Growth"

Adoption of seafood processing machines reduce labor costs. It ensures that manpower is put to work on other matters, boosting the operation's efficiency. Moreover, the adoption of machines ensures no processing errors and cases pertaining to slower work, unclean cuts, reduced product quality, and wasted fish. Furthermore, these machines offer consistent quality, which surges the machine demand in the food industry. The rising number of cafes and restaurants is another cause of seafood processing machine market growth. 

RESTRAINING FACTORS

"Growing Norms on Safety and Quality of Food to Limit Market Expansion"

The market for seafood processing equipment is anticipated to be constrained by the growth in worries about the safety and quality of seafood due to the variations in food regulations between and within nations. Additionally, because raw fish and seafood sources are influenced by a wide range of natural and artificial factors, manufacturers have limited control over it. Pollutant harm to the ocean has led to the prohibition of goods derived from such bodies of water. In other instances, the harm has been so extensive that the entire species has been wiped out. Moreover, certain species have become less common as a result of overfishing.

REGIONAL INSIGHTS

• 

• Request a Free Sample to learn more about this report

"North America to Dominate Market by Constant Adoption of Advanced Machines"

North America is predicted to lead the market because manufacturers consistently utilize seafood processing machines. It is used to ensure that the food is finely converted and processed to finer form to ease the penetration of fish sauce. Fish is replacing various protein forms as it has higher nutritional benefits, which boosts the demand for food processing machines in the region. 

Asia Pacific to hold a significant part of the seafood processing machine market share because fish collagens are used for regulating blood sugar and strengthening bones. 

KEY INDUSTRY PLAYERS

"Key Companies to Emphasis on the Development of Advanced Technology"

Key market players are investing heavily on research and development of the product. Companies are also paying focus on launching advanced products. Emphasis on gaining collaborations, mergers, and acquisitions is increasing among leading players. The major market players are striving to maintain partnerships with other key players in the same industry. Gaining partnerships with other companies will develop a strong consumer base in the global market. The key competitors are adopting organic and inorganic growth strategies to surge their market share in the global seafood processing machine market. 

List of Market Players Profiled

• GRANDBELL (South Korea)
• Marel (Iceland)
• GEA Group (Germany)
• Manitowoc Company (U.S.)
• YANAGIYA (Japan)
• Baader (Germany) 
• Optimar Fodema (Norway)
• United Food & Beverage (U.S.)
• Bettcher (U.S.)
• Neofood (India)
• Guangdong Peninsula Group (China)

REPORT COVERAGE

The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections for various factors to show potential investment areas. From 2022 through 2028, the market is objectively assessed to determine its financial viability. The report's data was compiled using a variety of primary and secondary sources.