Press release
Fish Processing Market Future Aspect Analysis and Current Trends by 2023-2032
Fish Processing Market
The high nutritional value of fish, growth in the aquaculture industry, and increased health consciousness among the general public are the primary market drivers for this industry. However, rising raw material prices and stringent environmental restrictions designed to conserve fish species are projected to stifle market expansion. India, China, and Brazil are examples of emerging markets.provide several development chances for fish processing industry advancement.
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The fish processing market is divided into species, categories, applications, sources, equipment, and geographies. It is classified according to species as fish, crabs, mollusks, and others. It is divided into three categories: frozen, preserved, and others. It is classified as food or non-food based on its application. The source section comprises both maritime and inland components. The market is divided into equipment categories such as slaughtering, gutting, scaling, filleting, deboning, skinning, curing & smoking, and others. Geographically, it is examined in North America, Europe, Asia-Pacific, and Latin America and the Caribbean.
CEER Processing Ltd., whose early operations were limited to Europe, expanded its presence in the UAE and Hong Kong in June 2017. The company works with the Nile Perch, also known as Mbuta in the local dialect. According to corporate leaders, the expansion into these two new areas was motivated by their growing populations.
Marine Harvest ASA, Leroy Seafood Group ASA, Charoen Pokphand Foods PCL, High Liner Foods Inc., Norway Pelagic ASA, Pesconova S.A., Nippon Suisan Kaisha Ltd., Maruha Nichiro Corporation, Royal Greenland A/S, and Thai Union Frozen Products Public Company Ltd. are the major players in the fish processing market.
Market Segmentation:
The global fish processing market can be segmented on the basis of product type, application, and processing equipment.
Product Type:
Frozen Fish
Canned Fish
Smoked Fish
Dried Fish
Surimi
Others
Application:
Food
Non-food
Processing Equipment:
Gutting and Scaling Machines
Filleting Machines
Deboning Machines
Skinning Machines
Smoking Machines
Canning Machines
Others
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The frozen fish segment is expected to hold the largest share in the market due to the increasing demand for frozen fish products and their longer shelf life. The canned fish segment is also expected to grow significantly due to the increasing popularity of canned fish products among consumers.
In terms of application, the food segment is expected to hold the largest share in the market due to the increasing demand for processed fish products for human consumption. The non-food segment, which includes products such as fish oil and fish meal, is also expected to grow due to the increasing demand for these products in the animal feed and pharmaceutical industries.
Based on processing equipment, the filleting machines segment is expected to hold the largest share in the market due to their high efficiency and accuracy in filleting fish. The gutting and scaling machines segment is also expected to grow due to their ability to improve the efficiency of fish processing and reduce labor costs.
Overall, the global fish processing market is expected to grow across all product types, applications, and processing equipment segments due to the increasing demand for processed fish products and the adoption of advanced processing technologies.
Competitive Landscape:
Some of the key players operating in the global fish processing market are:
Maruha Nichiro Corporation
Thai Union Group PCL
Nippon Suisan Kaisha Ltd.
Mowi ASA
Lerøy Seafood Group ASA
High Liner Foods Inc.
Trident Seafoods Corporation
Cermaq Group AS
Dongwon Industries Co. Ltd.
Charoen Pokphand Foods Public Company Limited
These companies are involved in various activities such as processing, packaging, and distribution of fish products across the globe. They are also investing heavily in R&D activities to develop innovative fish processing technologies and to expand their product portfolios. The competition in the market is intense, with players focusing on increasing their market share through mergers and acquisitions, partnerships, and collaborations.
Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
§ Business Model
§ Production Capacity, Revenue, Sales, Gross Margin
§ Key Business Strategy
§ SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
§ Company Share Analysis from 2018-2022
§ Company Analysis by Revenue and Sales
§ Company Production Capacity, Gross Margin
§ Company Share Analysis by Application/End Use
§ Company Share Analysis by Product/Specification
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
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