Seafood Processing Equipment Market Set to Reach $3.47 Billion by 2026, with 5.7% CAGR Growth

Allied Market Research published a report, titled, "Seafood Processing Equipment Market by Seafood Type (Finfish, Crustaceans, Mollusks, and Others) and Equipment Types (Gutting, Scaling, Skinning, Deboning, Filleting, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026." According to the report, the global seafood processing equipment industry was estimated at $2.26 billion in 2018 and is expected to hit $3.47 billion by 2026, registering a CAGR of 5.7% during 2019-2026.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲: https://www.alliedmarketresearch.com/request-sample/6159

Drivers, restraints and opportunities:

Flourishing aquaculture industry, development in Seafood trade, rise in consumption of processed seafood, and surge in demand for automated equipment by the food processing industry drive the growth of the global seafood processing equipment market. On the other hand, decline in seafood population and less use of automated equipment due to high capital expenditure impede the growth to certain extent. Nevertheless, innovation in seafood processing technologies is expected to create a number of opportunities in the industry.

The filleting segment to dominate by 2026:

Based on equipment type, the filleting segment accounted for nearly one-fourth of the global seafood processing equipment market in 2018 and is expected to retain its dominance by the end of 2026. Novel processing technologies are discovered and implemented to deliver safe, fresher-tasting, nutritive seafood manufactured without the use of chemical preservatives. This leads to increased availability of seafood and its products across several regions worldwide. The deboning segment, on the other hand, would showcase the fastest CAGR of 6.2% till 2026. Automated pin bones minimize production time, save labor, and ensure maximum yield and hence are widely adopted by seafood processors.

Frontrunners in the industry:

➡️JBT
➡️Subzero
➡️BAADER
➡️M.T.C. Food Equipment, Inc.
➡️Cabinplant
➡️Marel
➡️SEAC AB
➡️Pisces Fish Machinery Inc.
➡️Seafood Technology Limited
➡️Uni-Food Technic A/S

𝐇𝐚𝐯𝐞 𝐐𝐮𝐞𝐫𝐢𝐞𝐬? 𝐓𝐚𝐥𝐤 𝐭𝐨 𝐀𝐧𝐚𝐥𝐲𝐬𝐭: https://www.alliedmarketresearch.com/connect-to-analyst/6159

Asia-Pacific, followed by North America, to hold the lion's share throughout 2019-2026:

Based on geography, the Asia-Pacific region contributed to nearly two-thirds of the global seafood processing equipment market share in 2018 and is anticipated to rule the roost throughout the estimated period. The Asia-pacific aquaculture sector is highly promising and has grown drastically over the recent years. This is attributed to the ample accessibility of cheap labor, land, and other natural resources. Asian countries also contribute to nearly 88% of the world's farmed food production of which 96% are engaged in fish farming. The same region would also cite the fastest CAGR of 5.80% by 2026. However, North America appears as the second highest shareholder in terms of revenue.

The global seafood processing equipment market analysis is carried on the basis of seafood type, equipment types, and region. The seafood type segment comprises finfish, crustaceans, mollusks, and others. The equipment types covered in the study include gutting, scaling, skinning, deboning, filleting, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐃𝐚𝐭𝐚? 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/checkout-final/7983830c6ad4165dd57ccf3812e8c630
    
Key Findings of the Seafood Processing Equipment Market:

➨Based on seafood type, the finfish segment accounted for approximately 66% of the shares of the total in the global seafood processing equipment market in 2018. 

➨Based on seafood type, the crustacean segment is expected to grow at the highest CAGR of 6.20% during the forecast period. 

➨Based on equipment type, the other seafood segment accounted for approximately 28% of the total shares in the global market in 2018.

➨Based on equipment type, the deboning segment in the global seafood processing equipment market is expected to grow at the fastest CAGR of 6.20 % during the forecast period.

➨Based on region, the Asia-Pacific segment accounted for approximately 65.93% of the total shares in the global market in 2018 and is expected to grow at the highest CAGR of 5.80%.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

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