Seafood Processing Equipment Market Trends, Opportunities, and Future Scope 2024-2030

Seafood Processing Equipment Market was valued at US$ 2.35 Bn. in 2023 and the total Seafood Processing Equipment revenue is expected to grow at 3.5% from 2024 to 2030, reaching nearly US$ 2.99 Bn.

 

Seafood Processing Equipment Market Overview: 

The global Seafood Processing Equipment market is witnessing continual increase mainly due to the rising adoption of Seafood Processing Equipment across industries. However, recently, applications of the evolving Seafood Processing Equipment technology have risen drastically due to the Corona epidemic. Proponents of Seafood Processing Equipment and digital manufacturing solutions are showcasing their potential as enablers of flexible supply chains, decentralizing worldwide production to respond to the disruption.

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Seafood Processing Equipment Market Scope:

High-quality control for the steam turbine confirms the process remains stable with the high efficiency and increased reliability. Less than tolerable speed control often results in manual control or frequent operator interference in order to stunned speed fluctuations. Manual control hints to inefficient operation and it is also increasing the risk of machine and process trips.

The objective of the report is to present a comprehensive assessment of the global turbine control system market and contains considerate insights, facts, historical data, industry-validated market data and projections with appropriate set of traditions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments by material, type, end-user and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global turbine control system market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.

Seafood Processing Equipment Market   - Segments

by Equipment

Gutting
Slaughtering
Scaling
Skinning
Deboning
Filleting
Others

by Application

Frozen
Smoked
Canned
Dried
Others

by Seafood Type

Finfish
Crustaceans
Mollusks
Others

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Global Seafood Processing Equipment Market - Regional Analysis

The demand for effective and efficient solutions for many complicated production processes is constant in the market for Seafood Processing Equipment Market . One of the most fundamental and significant processing tools used in the processing of seafood, gutting equipment, is expected to increase significantly in the near future. The necessary food quality and standard of processed foods are made possible by a variety of equipment. With a market share of almost 20.23% in terms of value in the year 2023, frozen seafood became the industry leader. On the other hand, the category for canned seafood is expected to experience the fastest CAGR of 3.6% during the forecast period.

Consumers in Europe love fish: Europeans eat a lot of fish, even without the lockdown or a pandemic. The Food and Agriculture Organization of the United Nations (FAO) recently released data showing that, from 2010 to 2019, the average annual global intake of fish increased by 8%, from 18.8 kg to 20.2 kg per person. Asia's consumption increased by 12% over this time, more than any other region except for Europe (9%), Africa (9%) and Latin America and the Caribbean (5%). In 2019, 12.45 million tonnes of fish seafood were apparently consumed in the EU.

Consumption per person fell from 24.87 kg to 24.35 kg. Despite this decline, consumption of some fish species has increased. Cod, salmon, and Alaska pollock are the other top marine species in Europe for seafood consumption. According to reports, each person in the EU consumes 3.07 kg of tuna, up from 2.78 kg in 2019. Only 0.83% of the tuna consumed in Europe comes from farms; 99.2% comes from wild catch. This preference for tuna has grown since the COVID-19 outbreak started. It is a well-known fish that is simple to prepare and is well-known throughout Europe. Exporters of canned tuna from outside of Europe now have many chances to reach the European market.

Seafood Processing Equipment Market  - Competitive Analysis

The objective of the report is to present a comprehensive assessment of the global turbine control system market and contains considerate insights, facts, historical data, industry-validated market data and projections with appropriate set of traditions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments by material, type, end-user and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global turbine control system market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.

Seafood Processing Equipment Market  Key Players: The key players are:

1. Ross Industries, Inc (US)
2. Pisces Fish Machinery Inc. (US)
3. Bettcher Industries, Inc. (US)
4. Key Technology, Inc. (US)
5. CTB, INC. (US)
6. The Middleby Corporation (US)
7. MTC Fod Equipment Inc. (US)
8. JBT Corporation (US)
9. Morris Associates, Inc. (US)
10. Polar Systems Ltd. (UK)
11. Seafood Technology Limited (UK)
12. GEA Group Aktiengesellschaft (Germany)
13. BAADER Group (Germany)
14. RISCO S.p.A (Italy)
15. Minerva Omega group s.r.l. (Italy)
16. Smokey Bay Seafood Group (Canada)
17. Marel (Iceland)
18. Kaj Olesen A/S (Denmark)
19. Cabinplant (Denmark)
20. Carsoe (Denmark)
21. BRAHER INTERNACIONAL, S.A. (Spain)
22. Marine Delta International Co., Ltd (Taiwan)
23. Shandong Atlas Refrigeration Technology Co.,Ltd. (China)
24. Seac Ab (Sweden)
25. Leroy Seafood Group ASA (Norway)
26. Royal Greenland A/S (Greenland)

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Key Questions Answered in the Seafood Processing Equipment Market Report are:

Which sub-segment had the largest share in the Seafood Processing Equipment Market?

How is the competitive landscape of the Seafood Processing Equipment Market in 2023?

Which are the key drivers impacting the Seafood Processing Equipment Market growth?

Which region holds the maximum share in the Seafood Processing Equipment Market?

What will be the CAGR of the Seafood Processing Equipment Market during the forecast period (2023–2029)?

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