Global Fish Processing Market Analysis 2022

Global Fish Processing Market Analysis 2022

The Global Fish Processing Market is expected to reach $291.80 billion by 2028 growing at a CAGR of 5.9% from 2021 to 2028. Fish processing is the term used for the process allied with fish products between the time they are wedged from the ocean by fishing fleets or from fish farms and the time the product is delivered to the end-user. It is widely used for conservation, as it helps to keep fish fresh for longer periods of time with minimal loss of taste, flavor, aroma, or nutritional value. The primary benefit of fish processing is that it helps enhance the shelf life of the product by limiting degradation and decay. Few companies operating in this industry are also engaged in providing fresh seafood to restaurants.

Factors such as growth in the aquaculture industry, increasing urbanization, strict environmental regulations protecting fish species, health benefits and high nutritional value of fish and fishery products, increased demand for fish oil are driving the growth of the market. However, rising prices of raw materials are restraining the growth of the market.

Based on the category, the frozen segment is expected to have lucrative growth in the forthcoming years, as expediency and ready-to-cook attributes the popularity of processed fish products amongst the middle-aged and younger population. Frozen fish products are packaged in a way that reduces dehydration and 'oxidation'. Additionally, they are also a healthier alternative as freezing is a natural process and the need for preservatives is eliminated. Freezing seafood also ensures that the quality of the food is not degraded for a long time. This helps ensure that seafood can be available in regions where fresh fish is not obtainable owing to the lack of water bodies in close proximity.

The key vendors mentioned are Arenco AB, Baader Linco Inc., Charoen Pokphand Foods PCL, GEA Group, High Liner Foods Inc, JBT Corporation, KROMA A/S, Leroy Seafood Group ASA, Marine Harvest ASA, Maruha Nichiro Corporation, Nippon Suisan Kaisha Ltd., Norway Pelagic ASA, Optimar AS, Pesconova S.A., Pisces Fish Machinery Inc., Royal Greenland A/S, Thai Union Frozen Products Public Company Ltd., and The Middleby Corporation.

Sources Covered:

• Inland
• Marine
• Freshwater

Equipments Covered:

• Gutting
• Filleting
• Skinning
• Slaughtering
• Deboning
• Scaling
• Curing & Smoking
• Other Equipment

Species Covered:

• Crustaceans
• Fish
• Mollusks
• Other Species

Categories Covered:

• Preserved
• Frozen
• Other Categories

Applications Covered:

• Non-Food
• Food
• Biomedical
• Other Applications

Regions Covered:

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Key Questions Answered in this Report:

• How this market evolved since the year 2020
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period