DUBAI, United Arab Emirates, Feb. 10, 2023 (GLOBE NEWSWIRE) -- Maximize Market Research is a leading Food & Beverages research firm that has delivered a detailed analysis of the “Seafood Processing Equipment Market”. The report includes key business insights, segment analysis, pricing analysis, and competitive benchmarking. The research expects the Seafood Processing Equipment market to grow from USD 2.20 Bn in 2021 to USD 2.90 Bn by 2029 at a CAGR of 3.5 percent during the forecast period (2022 to 2029).
Seafood Processing Equipment Market Scope and Research Methodology
The report includes a detailed analysis of the Seafood Processing Equipment Market by local, regional, and global presence along with the market size and estimations during the forecast period. Analysis was conducted for a better understanding of the Seafood Processing Equipment Market penetration, competitive structure, pricing, and demand analysis.
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The report also presents the total market revenue, structure of cost, and the Seafood Processing Equipment Market data. The report provides exhaustive information on the competitive assessment including quantitative analysis and qualitative analysis, ranging from a macro overview of the total market size, industry chain, and dynamics to micro details of the segment by equipment and application.
A bottom-up approach has been used to estimate the Seafood Processing Equipment Market size. Major market players in the market are identified through secondary research and the market revenue is determined through primary research. Secondary research includes a review of the annual report of the leading manufacturers, while primary research includes interviews with market leaders and industry experts such as entrepreneurs and marketing professionals.
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Seafood Processing Equipment Market Overview
Seafood is a highly perishable food type which requires processing to be preserved. Processing is required to keep it fresh and suitable for consumption for a long time. Increasing demand for automated food processing equipment, rising seafood consumption, increased seafood trade, and changing consumer lifestyle is driving the market growth.
Seafood Processing Equipment Market Dynamics
Increasing demand for seafood and advancement in seafood processing equipment are influencing the market growth. The demand for fish products and rising consumer health consciousness is expected to drive the Seafood Processing Equipment Market growth. Manufacturers investing in Research & Development of seafood processing equipment and increasing adoption of equipment in small-scale industries are the factors driving the market growth.
High cost of Seafood Processing Equipment is expected to restrain the market growth. Problem-related with the mobility of the seafood and lack of proper disposal measures by the use of machineries are the major factors, which may hamper the Seafood Processing Equipment Market growth.
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Seafood Processing Equipment Market Regional Insights
The Asia Pacific region is expected to dominate the global Seafood Processing Equipment Market during the forecast period. China’s economic performance and significant changes in business facilitate regional market growth. The European region held the second largest share in 2021 during the forecast period. High demand for high-quality systems from a number of important industries will drive regional market growth.
| Market Size in 2021 | USD 2.20 Bn |
| Market Size in 2029 | USD 2.90 Bn |
| CAGR | 3.5 percent (2022-2029) |
| Forecast Period | 2022-2029 |
| Base Year | 2021 |
| Number of Pages | 260 |
| No. of Tables | 115 |
| No. of Charts and Figures | 120 |
| Segment Covered | By Equipment and Application |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
Seafood Processing Equipment Market Segmentation
By Equipment:
- Gutting
- Slaughtering
- Scaling
- Skinning
- Deboning
- Filleting
- Others
By Application:
- Frozen
- Smoked
- Canned
- Dried
- Others
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Seafood Processing Equipment Market Key Players includes:
- Ross Industries, Inc (US)
- Pisces Fish Machinery Inc. (US)
- Bettcher Industries, Inc. (US)
- Key Technology, Inc. (US)
- CTB, INC. (US)
- The Middleby Corporation (US)
- MTC Fod Equipment Inc. (US)
- JBT Corporation (US)
- Morris & Associates, Inc. (US)
- Polar Systems Ltd. (UK)
- Seafood Technology Limited (UK)
- GEA Group Aktiengesellschaft (Germany)
- BAADER Group (Germany)
- RISCO S.p.A (Italy)
- Minerva Omega group s.r.l. (Italy)
- Smokey Bay Seafood Group (Canada)
- Marel (Iceland)
- Kaj Olesen A/S (Denmark)
- Cabinplant (Denmark)
- Carsoe (Denmark)
- BRAHER INTERNACIONAL, S.A. (Spain)
- Marine Delta International Co., Ltd (Taiwan)
- Shandong Atlas Refrigeration Technology Co.,Ltd. (China)
- Seac Ab (Sweden)
- Leroy Seafood Group ASA (Norway)
- Royal Greenland A/S (Greenland)
Key questions answered in the Seafood Processing Equipment Market are:
- What is Seafood Processing Equipment?
- What is the current growth rate of the Seafood Processing Equipment Market?
- Who are the key manufacturers in the Seafood Processing Equipment Market?
- What are the factors affecting the growth of the Seafood Processing Equipment Market?
- Who held the largest market share Seafood Processing Equipment?
- What segments are covered in the Seafood Processing Equipment market?
- What are the opportunities for Seafood Processing Equipment Market?
- What are the growth prospects in developing countries for Seafood Processing Equipment Market?
- Which countries are expected to drive Seafood Processing Equipment in the Asia Pacific region?
Key Offerings:
• Market Share, Size & Forecast by Revenue | 2022−2029
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
• Market Segmentation – A detailed analysis by Equipment and application
• Competitive Landscape – Top Key Manufacturers and Other Prominent Manufacturers
Maximize Market Research is leading Automation and Process Control research firm, has also published the following reports:
Canned Seafood Market: The total market size is expected to reach USD 32.47 B in 2029 at a CAGR of 3.8 percent through the forecast period. Rising awareness about the health benefits offered by canned seafood is driving the demand for the market.
Cold Chain Market: The total market size was valued at USD 253.15 Bn in 2021 and is estimated to grow at a CAGR of 8.6 percent over the forecast period. Consumer demand for perishable foods is increasing, which is expected to drive market growth.
Ice Maker Market: The total market size is expected to grow at a CAGR of 5.12 percent during the forecast period and the market is expected to reach USD 6.65 Bn by 2029. The rapid growth of the food & beverage industry, and seafood & meat food processing industries is driving the market growth.
Food Coating Market: The total market size is expected to reach USD 3.10 Bn by 2029, at a CAGR of 5.83 percent during the forecast period. Increasing demand for processed foods in meat, bakery and confectionery products is expected to drive the market growth.
Food and Beverage Processing Equipment Market: The total market size was valued at USD 52.53 Bn in 2021 and the total revenue is expected to grow at 5.0 percent from 2022 to 2029, reaching nearly USD 77.61 Bn. Demand for pre-packaged and processed foods is expected to drive market growth.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
