Seafood is one of the most preferred of type of meat by global consumers. The increasing preference and high demand is augmenting the global seafood processing equipment market. The ease of cooking seafood and its high nutritional value is expected to up the consumption, thereby driving the growth of the global market.
The global seafood processing equipment market was worth US$1160 mn in 2018 and the report suggests that it will reach US$1450 mn by 2025, surging at a steady CAGR of 3.2% during the period of 2018 and 2025. QY Research discusses the future of the market in its latest report of “Global Seafood Processing Equipment Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application.”
Global Seafood Processing Equipment Market: Drivers
Change in food habits and increasing interest in seafood are the key factors for the growth of the global seafood processing equipment market. Fast-paced lifestyle and the tilt towards processed food items have become part of the urbanized way of living, which has had a direct impact on frozen seafood. In addition, technological advancements in processing and packaging technology, especially for seafood, has kept the growth of the global market steady.
Global Seafood Processing Equipment Market: Segment Analysis
The global seafood processing equipment market is segmented by type and application. In terms of type, the market is segmented into three different equipment, such as crustaceans processing equipment, fish processing equipment, and molluscs processing equipment. In terms of applications, the market is segmented into smoked seafood, frozen seafood, dried seafood, canned seafood, surimi seafood, and others.
Global Seafood Processing Equipment Market: Regional Analysis
On the basis of region, the global seafood processing equipment market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. Asia Pacific is expected to lead the global market of seafood processing equipment. The increasing demand for seafood across Asia Pacific is expected to keep it in the lead. China is one of the most popular country to produce global seafood processing equipment due to availability of cheap labor and growing demand for seafood, which is a part of the staple diet.
Global Seafood Processing Equipment Market: The Key Players
The key players studied in the global seafood processing equipment market are Thai Union Frozen Products, Marine Harvest, Maruha Nichiro Corporation, Kyokuyo, Nippon Suisan Kaisha, Nueva Pescanova, Trident seafood, Cermaq, High Liner Foods, Grieg Seafood, Guolian Aquatic Products, Nomad Foods, Austevoll Seafood, and Zoneco Group.
While seafood is being well accepted by the consumers, it is important for the seafood processing companies to take care of the environmental sustainability in order to provide its customers with safe and environment friendly products with utmost hygiene assurance. Thus various companies have established their own quality control standards and developed its own quality control system.