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The fish processing equipment market size is forecast to increase by USD 68.1 million, at a CAGR of 1.57% between 2023 and 2028. The market provides a comprehensive analysis of market growth factors, with a focus on the rising consumption and demand for fish and fish products. The increasing global population and changing dietary preferences towards seafood are key drivers fueling market expansion. Advanced technologies, such as automation and robotics, are being integrated into fish processing equipment to enhance efficiency and productivity. Moreover, stringent regulations regarding food safety and quality are propelling the market forward. Overall, the market is poised for significant growth in the coming years, driven by these key trends and factors.
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The market is driven by the increasing demand for fish and seafood products due to their high nutritional value, particularly Omega 3 fatty acids. The market is significant for the fish oil market and aquaculture therapeutics. Automation in fish processing has been a key trend, with the use of fish processing machines to increase efficiency and reduce labor costs. However, challenges such as bacterial illness and FDA authorization requirements can impact market growth. Fish processing involves various stages including processing byproducts, such as wastewater and larger solids, which must be managed effectively for environmental sustainability. Seafood processing facilities must adhere to strict food safety and hygiene standards.
Further, the market is influenced by the types of fish species, with salmon and pollock being major players. Overfishing, bycatch, and seafood sourcing are also important considerations. The market is significant for seafood export, with many countries relying on exports for revenue. Value-added items, such as smoked and canned fish, are also driving growth. The market is expected to continue growing, with increasing demand from restaurants and catering services. However, concerns over waste volume and environmental sustainability are important challenges that must be addressed. Process water and biological oxygen demand are also critical factors in fish processing, as they impact the quality and safety of the final product.
Increasing consumption and demand for fish and fish products is notably driving market growth. The global market for fish processing equipment is driven by advancements in seafood processing technologies and the increasing demand for convenient and value-added seafood products. Automated equipment is increasingly being adopted for tasks such as gutting, scaling, skinning, deboning, filleting, and sorting. Packaging solutions play a crucial role in maintaining food safety, hygiene, and environmental sustainability. Key seafood categories include finfish, crustaceans, and mollusks. Fish processing plants cater to various end-users such as Food Specialty Stores, Convenient Stores, Restaurants, Catering services, and Foodservice establishments. Automated filleting and portioning systems are popular in large-scale operations, while the frozen seafood segment dominates the market.
Moreover, food safety regulations and hygiene features are essential considerations for equipment selection. Slaughtering equipment is also a significant component of fish processing, particularly in the fully automatic segment. Seafood sourcing and overfishing concerns continue to influence market trends. Supermarkets and direct sales are key distribution channels. Packaging systems are integral to maintaining product quality and ensuring food safety during transportation and storage. In conclusion, the market is dynamic and evolving, with a focus on innovation, efficiency, and sustainability. Thus, such factors are driving the growth of the market during the forecast period.
Expansion of fish processing plants is the key trend in the market. The global market for fish processing equipment is witnessing significant growth due to advancements in seafood processing technologies. Automated equipment for gutting, scaling, skinning, deboning, filleting, and sorting are increasingly being adopted for processing finfish, crustaceans, and mollusks. Packaging solutions, including vacuum packaging and modified atmosphere packaging, are crucial for preserving the freshness and quality of seafood products. Food specialty stores, convenience stores, and supermarkets are key buyers of fish fillets, portions, and value-added items. Seafood export is another significant market for fish processing equipment, with stringent food safety and hygiene regulations driving the demand for advanced processing technologies. Environmental sustainability is a growing concern in the seafood industry, leading to increased focus on responsible seafood sourcing and reducing overfishing.
Restaurants, catering services, and foodservice establishments are also major consumers of fish processing equipment, particularly for automated filleting and sorting. Packaging systems with food safety regulations and hygiene features are essential for these businesses to ensure the safety and quality of their offerings. Slaughtering equipment, such as stunning machines, is also in demand for large-scale seafood processing plants. The fully automatic segment and frozen seafood segment are expected to dominate the market due to their efficiency and ability to meet the increasing demand for processed seafood products. The direct sales segment and supermarket operations are also significant markets for fish processing equipment, with the latter requiring large-scale processing and packaging solutions. Thus, such trends will shape the growth of the market during the forecast period
Risk of contamination followed by product recalls is the major challenge that affects the growth of the market. The market is witnessing significant growth due to advancements in seafood processing technologies. Automated equipment for tasks such as gutting, scaling, skinning, deboning, filleting, and sorting are increasingly being adopted for processing finfish, crustaceans, and mollusks. Packaging solutions are also becoming more sophisticated, with an emphasis on food safety, hygiene, and environmental sustainability. Food specialty stores, convenience stores, and foodservice establishments, including restaurants and catering services, are key consumers of seafood fillets, portions, and value-added items. Seafood export is another significant market for fish processing equipment, with strict food safety regulations and hygiene features being essential.
Further, slaughtering equipment, such as fully automatic segment and frozen seafood segment processing plants, are integral to the industry. Direct sales through supermarkets and other retail outlets are also a significant part of the market, with efficient operations and effective sorting and packaging systems being crucial. Overall, the market is driven by the growing demand for seafood and the need for efficient, sustainable, and hygienic processing methods. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Arcos - The company offers fish processing equipment such as machines for scaling, gutting, filleting, and packaging fish
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The filleting and skinning equipment segment is estimated to witness significant growth during the forecast period. Filleting equipment is used to prepare fish fillets which are meat blocks containing dorsal and abdominal muscles. Fish fillets are one of the widely available fish products in the market. Different types of filleting equipment are available based on the size and shape of the fish. Traditional hand filleting is very labor-intensive and costly. Therefore, it is being replaced by filleting equipment for fish processing. Usually, filleting equipment consists of two-disc knives. Both knives will be placed from each other at a distance equal to the size of the backbone of the fish to be filleted. Filleting equipment offers gentle handling of fish without causing any downgrade or damage. Scrapers and stickle knives are not used in this process to reduce the stress created on fillets, which, in turn, reduces the damage.
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The filleting and skinning equipment was the largest and was valued at USD 191.90 million in 2018. Skinning equipment is used to remove the skin from fish fillets. The equipment also helps in removing the fatty layer between the skin and muscular tissues. The skinning equipment usually consists of oscillating blades. This equipment can be used for skinning fish such as redfish, salmon, and whitefish. The influx of new products with improved features is also likely to propel segment growth during the forecast period. For instance, 1355 Single Lane Salmon Skinner by Marel offers the ability to perform skinning the head of the fish first, followed by silver skinning and deep skinning. The equipment can skin 40 fillets per minute. Many market players are focusing on offering filleting and skinning equipment that is flexible to process different species of fish. They also offer equipment with high speeds and stable running ability without stoppage. These additional features and advances in machines are expected to propel the growth of the filleting and skinning equipment segment during the forecast period.
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APAC is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Sustainability is a major concern, with seafood processors focusing on the use of stainless steel equipment and the reduction of processing byproducts and waste volume. The pet humanization trend is also driving growth in the market, with an increasing demand for nutritious pet food. Seafood processors are using QR tags for seafood traceability to ensure transparency and sustainability. The Sustainable Ocean Alliance is also promoting sustainable practices in the seafood industry. Wastewater treatment is a major challenge, with concerns over biological oxygen demand, total suspended solids, and odor control. Lifestyles and health consciousness are key drivers, with consumers seeking out nutritious and sustainable seafood products. Soybean meals and corn gluten meals are commonly used as fish feed, while fish collagen and fish collagens are valued for their health benefits.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
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The market is driven by the increasing demand for nutritional fish products, particularly in the fish oil market and aquaculture therapeutics. Omega 3 fatty acids, Vitamin D, and Vitamin B2 are some essential nutrients derived from fish that are in high demand. Automation in fish processing machines is a significant trend, enabling efficient processing of various aquaculture species, including Salmon and Pollock. FDA authorization and seafood traceability are crucial factors in the market, with QR tags and seafood processors implementing these measures to ensure transparency and sustainability. The start-up ecosystem is also contributing to the market growth with innovative solutions for processing byproducts, wastewater treatment, and odor control.
In addition, the pet humanization trend is driving the demand for fish collagen and fish proteins in pet food production. Soybean meals and corn gluten meals are common alternatives, but fish-derived ingredients offer unique nutritional benefits. The sustainable ocean alliance is another factor influencing the market, with a focus on reducing waste volume and optimizing process water. Larger solids and process water management are critical challenges in fish processing, with biological oxygen demand and total suspended solids being essential parameters for wastewater treatment. The increasing health consciousness and lifestyle trends are also driving the demand for nutritious seafood products, further boosting the market growth.
Market Scope |
|
Report Coverage |
Details |
Page number |
164 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 1.57% |
Market growth 2024-2028 |
USD 68.1 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
1.4 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 35% |
Key countries |
China, US, Norway, Vietnam, and Chile |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Arcos, Baader Global SE, Carnitec, Carsoe Seafood ApS, Coastline Equipment Inc., CTB Inc., GEA Group AG, Marel Group, Martak Canada Ltd, Optimar AS, Pisces Fish Machinery Inc., Royale Kitchen Machineries, Trifisk Manufacturing Inc., Uni Food Technic, and Zhengda Food Machinery Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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