Global Fish Processing Market || Maruha Nichiro Corporation, Norway Pelagic ASA, Thai Union Frozen Products PLC, Nippon Suisan Kaisha, Ltd.

Fish processing is a practice that covers all range of aquatic organisms and their products. It is carried out between time span when fishes are caught and continues till final product made out of them is shipped to the customer. Fish products are used in various end-use applications such as in food industry, dietary supplements, healthcare and pharmaceutical products, fish meals, etc.

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Major factors driving growth of the fish processing market are health benefits and high nutritional value of the fish and fish products, causing the continuous rise in demand of seafood. Dietary habits of consumers and their demand for differentiated as well as value-added seafood products are factors expected to propel growth of the target market in the near future.

In addition, government support for fishing activities and technological advancement are also factors expected to fuel the growth of the global fish processing market over the forecast period. However, proper handling of the product for longer shelf life so that it does not lose its nutritional value and desired quality is the primary restraint of the global market.

Global fish processing market is segmented on the basis of species, source, product processing category, application, equipment, and region.

On the basis of species, global fish processing market is segmented into fish, crustaceans, mollusks, and others (Turtles and Urchins). Fishes are obtained from freshwater, marine, and inland. Marine segment occupies the largest market share due to modern techniques, and methods of fishing. Categories of processing fish are frozen, preserved, dried, and others (smoked and surimi). Frozen is the most common fish processing type practiced and is expected to generate major revenue share during the forecast period. Based on application, the target market is classified into food and non-food segments. Food occupies the largest market share in fish processing market. Non-food processing application is further sub-segmented as fertilizers, fish oil, industrial uses, fish meal, and cosmetics. Equipment used for fish processing are Slaughtering, Gutting, Scaling, Filleting, Deboning, Skinning, Curing & Smoking, and others.

The fish processing market is segmented regionally into North America, Latin America, Europe, Middle East, Asia Pacific, and Africa. Europe is the dominating region in the global fish processing market. European countries such as Spain, Portugal, Poland, and Denmark have fishery as their main occupation and thus they are leading exporters to the North American and European countries.

Key players operating in the global fish processing market includes Maruha Nichiro Corporation, Norway Pelagic ASA, Thai Union Frozen Products PLC, Nippon Suisan Kaisha, Ltd., Leroy Seafood Group ASA, Marine Harvest, Dong Won Fisheries, High Liner Foods Incorporated, Findus Group, Faroe Seafood, Kverva, and Hansung Enterprise.

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This release was published on openPR.