Fish Processing Equipment Market by Product and Geography - Forecast and Analysis by 2021-2025

The fish processing equipment market share is expected to increase by USD 56.36 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 1%.

The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (filleting and skinning equipment, de-heading and gutting equipment, grading equipment, scaling equipment, and others) and geography (APAC, Europe, North America, MEA, and South America).

The fish processing equipment market report also offers information on several market vendors, including Arcos, GEA Group Aktiengesellschaft, KM Fish Machinery AS, Marel Group, Nordischer Maschinenbau Rud. Baader GmbH + Co. KG, Optimar AS, Pisces Fish Machinery Inc., SEAC AB, Skaginn 3X, and Uni-Food Technic A/S among others.

Arcos - The company uses Drying equipment for food processing, which includes both fish processing and meat processing. This includes various processes such as Resting/Curing, Oven/Pre-dryer, and Dryer/Curer. Under the smoking-cooking segment, the company design, manufacture, install and service cooking and smoking equipment for fish and meat food processing.

What will the Fish Processing Equipment Market Size be During the Forecast Period?

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Parent Market Analysis

Technavio categorizes the global fish processing equipment market as a part of the global industrial machinery market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the fish processing equipment market during the forecast period.

Fish Processing Equipment Market: Key Drivers, Trends, and Challenges

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Fish Processing Equipment Market Driver

• One of the key factors driving growth in the fish processing equipment market is the increasing consumption and demand for fish and fish products. 
• Fish are considered one of the primary sources of high-quality protein. They also contain various nutrients and minerals such as zinc, iodine, and selenium.
• Countries such as Iceland, Japan, Portugal, and India are some of the major consumers of fish and fish products in the world. These countries witnessed an increase in consumption of processed and ready-to-eat fish products such as frozen and canned fish food.
• Owing to the health benefits associated with consuming fish and fish products, the demand for these products is increasing globally.

Key Fish Processing Equipment Market Challenge

• The risk of contamination followed by product recalls will be a major challenge for the fish processing equipment market during the forecast period.
• Food regulatory and compliance authorities have the right to shut down a food service establishment if it is found to follow unsafe and unhygienic practices related to food preparation. They also seize the food and beverage products that are found to be a threat to the well-being of consumers.
• The instances of recalls of frozen fish and seafood products are very common across the world. Such recalls negatively impact the revenue of vendors, which impacts the market in focus as well. 

This fish processing equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Fish Processing Equipment Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the fish processing equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.

Which are the Key Regions for Fish Processing Equipment Market?

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34% of the market’s growth will originate from APAC during the forecast period. China and Vietnam are the key markets for fish processing equipment in APAC. Market growth in this region will be faster than the growth of the market in the North American regions.

APAC has the largest growth momentum in the global fish processing equipment market. The upsurge in population in countries such as China and India has increased the need for various food products, including fish, which, in turn, fuel market growth. The rise in employment of women and the fast-paced life of people have changed their preferences from regular food to processed meals for matching their lifestyles. This has led to an increase in the production of various food products across APAC. This will facilitate the fish processing equipment market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What is the Fastest-Growing Product Segment in the Fish Processing Equipment Market?

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The fish processing equipment market share growth by the filleting and skinning equipment segment will be significant during the forecast period. 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.

This report provides an accurate prediction of the contribution of all the segments to the growth of the fish processing equipment market size and actionable market insights on the post-COVID-19 impact on each segment. 

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What are the Key Data Covered in this Fish Processing Equipment Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive fish processing equipment market growth during the next five years
• Precise estimation of the fish processing equipment market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the fish processing equipment market industry across APAC, Europe, North America, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive analysis of factors that will challenge the growth of fish processing equipment market vendors

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