Seafood includes all the edible fresh or saltwater fishes and other forms of aquatic animal life. Seafood has numerous uses, which include source of essential nutrients, promote heart health, improve eyesight, and boost brain power. Moreover, researchers have found that discarded seafood by-products contain bioactive peptides, collagen, gelatin, and other compounds, which can be used in the biomedical, food, and cosmetics industries.
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The global seafood market is driven by shifting trend of consumers towards nutritious food products, widespread availability of different fish species, growing health consciousness, and rising disposable income of the population. However, increasing concerns about additives used in such food products and safe disposal of by-products to prevent environmental pollution hamper the market growth. Furthermore, fish skin, bones, and scales being rich sources of collagen, gelatin, calcium phosphate, and other essential organic and inorganic components can be used in packaging facilities and soil fertilization. Moreover, extracted high-protein feed ingredients from fish by-products can be utilized for animal feed processing, which presents lucrative opportunities for market players during the forecast period.
The global processed seafood and seafood processing equipment market is segmented based on type, product, process equipment, distribution channel, and geography. Based on type, it is segmented into crustaceans, fish, and molluscs. On the basis of product, it is divided into frozen, smoked, canned, dried, and others (surimi). Based on process equipment, it is classified into slaughter machines, gutting machines, scaling machines, filleting machines, and others (deboning machines, skinning machines, curing & smoking machines). Based on distribution channel, the market is divided into hypermarkets, supermarkets, food specialty stores, convenient stores, and others (fish shops, and online websites). Geographically, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The key market players included in this report are Freiremar S.A. (Spain), Lee Fishing Company (Australia), Leigh Fisheries Ltd. (New Zealand), Marine Harvest ASA. (Norway), Wm Morrison Supermarkets plc (UK), Seattle Fish Company (U.S.), Tesco PLC. (UK), Thai Union Group (Thailand), Royal Greenland A/S (Greenland), John Westfoods Ltd. (UK), Abba Seafoods AB (Sweden), and Cuulong Fish JSC (Vietnam).
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- This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global processed seafood and seafood processing equipment market for the period of 2016-2023 to identify the prevailing market opportunities.
- The key countries in each region has been mapped based on market share.
- In-depth analysis of the market segmentation assists in determining the prevailing market opportunities.
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