Seafood Processing Equipment Market Expected to Grow at a CAGR of 3.85% by 2026 | End-user expansion to drive growth

0

NEW YORK, March 29, 2022 /PRNewswire/ — The seafood processing equipment market is growing fragmented and sellers are deploying growth strategies such as product innovation to compete in the market. CTB Inc., Franz Haniel and Co. GmbH, GEA Group Aktiengesellschaft, Henan Lima Machinery Manufactory Co. Ltd., Inducore AB, Kroma AS, Maruha Nichiro Corp., Pearce Processing Systems Inc., Pisces Fish Machinery Inc., Polar Systems Ltd. ., SEAC AB, Skaginn 3X, Uni Food Technic AS, Zhengda Food Machinery Co. Ltd., Marel Group, Nordischer Maschinenbau Rud. Baader GmbH and Co. KG and Mowi ASA are among the major players in the market. The seafood processing equipment market is expected to grow by $467.52 million from 2021 to 2026, progressing to a 3.85% CAGR according to Technavio’s latest market report.

Technavio has announced its latest market research report titled according to the latest #marketresearch report from @Technavio

To know the exact growth variance and annual growth rate – Request a free sample report.

Seafood Processing Equipment Market 2022-2026: Scope

Our Seafood Processing Equipment Market report covers the following areas:

Seafood Processing Equipment Market 2022-2026: Drivers and Challenges

The key driver of global growth seafood processing equipment market growth is the end-user expansion. Seafood processing plants are major end users of seafood processing equipment. The growing demand for processed seafood products among consumers has also encouraged many seafood processing plants to expand their facilities. The expansion of seafood processing plants also creates opportunities for vendors to increase their sales of new units of seafood processing equipment. For example, in May 2021a Latvian company invested $30 million build a new fish processing plant. These factors will support the growth of the market over the forecast period.

However, the major challenge to the growth of the global seafood processing equipment market is the prevalence of traditional seafood processing methods in countries such as India, Bangladesh, Braziland Nigeria. Some of the traditional seafood processing methods are smoking process, salting process, dehydration, and sun-drying process. Seafood species processed by sun drying and dehydration are highly concentrated. In the salting process, the seafood species are either brined or wrapped in soil to remove the moisture content. In some African countries like Uganda, seafood is processed by hot smoking. Hot-smoked fish is produced on a large scale on the islands and distributed in urban markets. Hence, such factors might hinder the growth of the global seafood processing equipment market during the forecast period.

For drivers, challenges and upcoming trends – Download a free sample now!

Seafood Processing Equipment Market 2022-2026: Segmentation

Seafood Processing Equipment Market 2022-2026: Revenue-Generating Segment and Regional Analysis

  • The growth of seafood processing equipment market share in the slaughter equipment segment will be important for revenue generation. The significant increase in demand for slaughter equipment, as it provides a practical method of using stunning and percussive bleeding for seafood processing to reduce stress on seafood species sea ​​during slaughter, will support the growth of the segment in the years to come.

  • 49% of market growth will come from APAC during the forecast period. China and Indonesia are the main markets for seafood processing equipment in Asia-Pacific. Market growth in this region will be faster than market growth in other regions. The significant increase in the production, processing and export of seafood will facilitate the growth of the seafood processing equipment market in the APAC region during the forecast period.

Know the market contribution of each segment – Download a free sample now!

Seafood Processing Equipment Market 2022-2026: Key Highlights

  • Market CAGR over the forecast period 2022-2026

  • Detailed information on the factors that will contribute to the growth of the seafood processing equipment market over the next five years

  • Estimation of the Seafood Processing Equipment market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the seafood processing equipment market

  • Market Competitive Landscape Analysis and Detailed Vendor Information

  • Comprehensive details of factors that will challenge the growth of the Seafood Processing Equipment Market vendors

Subscribe to our “Lite Plan” billed annually to $3000 which allows you to download 3 reports/year and view 3 reports/month.

Related Reports

  • The strapping machine market share is expected to grow USD 1.75 billion from 2021 to 2026, and the market growth momentum will accelerate at a CAGR of 5.75%. Download a free sample now!

  • Membrane filters market share is expected to grow USD 8.83 billion from 2021 to 2026, and the market growth momentum will accelerate at a CAGR of 5.77%. Download a free sample now!

Scope of the seafood processing equipment market

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 3.85%

Market Growth 2022-2026

$467.52 million

Market structure

Fragmented

Annual growth (%)

3.61

Successful market contribution

APAC at 49%

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

CTB Inc., Franz Haniel and Co. GmbH, GEA Group Aktiengesellschaft, Henan Lima Machinery Manufactory Co. Ltd., Inducore AB, Kroma AS, Maruha Nichiro Corp., Pearce Processing Systems Inc., Pisces Fish Machinery Inc., Polar Systems Ltd. ., SEAC AB, Skaginn 3X, Uni Food Technic AS, Zhengda Food Machinery Co. Ltd., Marel Group, Nordischer Maschinenbau Rud. Baader GmbH and Co. KG and Mowi ASA

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents :

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Product

6 Customer Landscape

7 Geographic landscape

8 drivers, challenges and trends

9 Supplier Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
E-mail: media@technavio.com
Website: www.technavio.com

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

Quote

Quote

View original content to download multimedia: https://www.prnewswire.com/news-releases/seafood-processing-equipment-market-to-grow-at-a-cagr-of-3-85-by-2026 –expanding-end-user-to-boost-growth–17000-technavio-reports-301511855.html

SOURCETechnavio

Share.

About Author

Comments are closed.