Press release
Global Fish Processing Market Overview," showcasing key market data and trends. Let me know if any adjustments are needed
The global fish processing market, valued at US$ 211.09 billion in 2023, is projected to grow at a CAGR of 4.1%, reaching unprecedented heights by 2030, according to industry analysts. With innovations in aquaculture, increased seafood consumption, and rising awareness of health benefits, the market is witnessing substantial transformation globally.๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
The fish processing industry, encompassing activities from catch to consumer, is pivotal in ensuring the preservation and quality of seafood. It uses methods such as curing, salting, freezing, and drying to extend shelf life while retaining nutritional value. From frozen fish products to health-enhancing fish oils, this market has grown significantly due to changing dietary habits and technological advancements in preservation techniques.
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
Health Benefits of Seafood Consumption
With fish offering essential nutrients such as omega-3 fatty acids, vitamins, and minerals, awareness around its health benefits has surged. These nutrients are associated with improved cardiovascular health, brain function, and immunity.
๐๐จ๐จ๐ฆ ๐ข๐ง ๐๐ช๐ฎ๐๐๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐
Aquaculture, a growing industry valued at US$ 350 billion by 2030, is a key contributor to the fish processing market. It ensures a steady supply of seafood and addresses global protein demands while aiding conservation efforts.
๐๐ฎ๐ซ๐ ๐ ๐ข๐ง ๐ ๐ข๐ฌ๐ก ๐๐ข๐ฅ ๐๐๐ฆ๐๐ง๐
Fish oil, rich in omega-3, is projected to grow at a CAGR of 5.8%, reaching US$ 3.31 billion by 2030. Its popularity among older demographics seeking preventive healthcare measures is driving this growth.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ
Asia-Pacific: The region dominates the global market with a 44% share, led by countries such as Vietnam, Thailand, Singapore, Japan, and South Korea. Key players like Charoen Pokphand Foods are driving innovation and supply chain efficiencies.
Europe: European nations, alongside the U.S., contribute significantly to global fish consumption, with advanced processing facilities and strong regulatory frameworks.
North America: Witnessing steady growth, this region is set to benefit from increased consumer preference for frozen and packaged seafood.
Mergers and Acquisitions
๐๐๐๐๐ง๐ญ ๐ฌ๐ญ๐ซ๐๐ญ๐๐ ๐ข๐ ๐๐จ๐ฅ๐ฅ๐๐๐จ๐ซ๐๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ, ๐๐ก๐๐ข๐ฅ๐๐ง๐, ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐, ๐๐ง๐ ๐๐๐ฉ๐๐ง ๐๐ซ๐ ๐ซ๐๐ฌ๐ก๐๐ฉ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐ฅ๐๐ง๐๐ฌ๐๐๐ฉ๐. ๐ ๐จ๐ซ ๐ข๐ง๐ฌ๐ญ๐๐ง๐๐:
Vietnam has seen partnerships between aquaculture leaders to enhance fish processing efficiency.
Japan is spearheading innovation in sustainable seafood packaging.
South Korea is investing in automation and AI-driven processing facilities.
Challenges and Restraints
While the industry shows immense promise, challenges such as pollution-related contamination and seafood allergies are key concerns. Efforts to mitigate risks and maintain safety standards are critical for sustaining growth.
๐๐๐ญ ๐ ๐๐ฅ๐จ๐ฌ๐๐ซ ๐ฅ๐จ๐จ๐ค ๐๐ญ ๐ญ๐ก๐ ๐ ๐๐ฆ๐-๐๐ก๐๐ง๐ ๐ข๐ง๐ ๐ฉ๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ฌ๐ฎ๐๐๐๐ฌ๐ฌ :https://www.maximizemarketresearch.com/contact-us/
๐ ๐ข๐ฌ๐ก ๐๐ซ๐จ๐๐๐ฌ๐ฌ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง :
๐๐ฒ ๐๐ฒ๐ฉ๐
Frozen
Preserved
Others
Type-wise, the frozen sector has the biggest market share in 2023 and is expected to rule the fish processing industry from 2024 to 2030. Packing methods for frozen fish products minimize 'oxidation' and dehydration. They are also a healthier option because freezing is a natural procedure that does not require preservatives. Additionally, freezing fish guarantees that its quality won't deteriorate over time. This makes it possible to find seafood in places where there aren't any close water sources for fresh fish.
๐๐ฒ ๐๐ฉ๐๐๐ข๐๐ฌ
Fish
Crustaceans
Mollusks
others
The fish segment holds a strong market share based on species. In 2023, the total amount of fish consumed per person was approximately 20.2 kg. Furthermore, between 2023 and 2030, it is anticipated that global fish processing will grow at a rate of 0.8% to 1.6% year. Furthermore, it is anticipated that the swift expansion of aquaculture manufacturing would also contribute to the growth of the segments throughout the projection period. However, because of its many health benefits, including as boosting immunity and aiding in weight loss, the crustacean segment is predicted to grow at the fastest rate, with a CAGR of 4.8%. They also contribute significantly to the enhancement of cardiac and brain health.
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Food
Other commercial use.
The fish processing market is divided into two segments based on application: food and other commercial applications. Fish are mostly consumed as food. In almost every part of the world, people catch and eat a variety of fish species. Throughout human history, fish has been a significant source of proteins and other nutrients for day trips. Together, the United States, Japan, and Europe consume 47% of the world's food fish.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐ญ๐ ๐๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ฒ ๐ฏ๐ข๐๐ฐ๐ข๐ง๐ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ @https://www.maximizemarketresearch.com/request-sample/169975/
๐๐๐๐ซ๐ง ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐ญ๐จ๐ฉ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ข๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ ๐ ๐ข๐ฌ๐ก ๐๐ซ๐จ๐๐๐ฌ๐ฌ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ :
1. Charoen Pokphand Food
2. Higher Liner Food Incorp.
3. Leroy Seafood Group
4. Marine Harvest
5. Maruha Nichiro Corp.
6. Nippon Suisan Kaisha Ltd
7. Pelagic Asa
8. Pescanova SA
9. Royal Greenland A/S
10. Thai Union Frozen Comp.
11. Norway Pelagic ASA
12. Optimar AS
13. JBT Corp.
14. Skaginn 3X
15. Arenco AB
16. KROMA A/S
17. Marel
18. The Middleby Corp.
๐๐๐ญ ๐๐ง๐ฌ๐ฐ๐๐ซ๐ฌ ๐ญ๐จ ๐๐ซ๐ข๐ญ๐ข๐๐๐ฅ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐ฌ๐ก๐๐ฉ๐ข๐ง๐ ๐ญ๐ก๐ ๐ ๐ข๐ฌ๐ก ๐๐ซ๐จ๐๐๐ฌ๐ฌ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ :
What is Fish Processing ?
What is the growth rate of the Fish Processing Market?
Which are the factors expected to drive the Fish Processing market growth?
What is the CAGR at which the Fish Processing market will grow during the forecast period?
What are the different segments of the Fish Processing Market?
Which is the fastest growing region in the Fish Processing market?
What growth strategies are the players considering to increase their presence in Fish Processing ?
What are the upcoming opportunities and trends for the Fish Processing Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Fish Processing Market?
Who are the leading companies and what are their portfolios in Fish Processing Market?
What segments are covered in the Fish Processing Market?
Who are the key players in the Fish Processing market?
๐๐๐ข๐ง ๐๐๐๐๐ฌ๐ฌ ๐ญ๐จ ๐ฏ๐๐ฅ๐ฎ๐๐๐ฅ๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/169975/
๐๐๐ญ ๐ ๐๐ฅ๐จ๐ฌ๐๐ซ ๐ฅ๐จ๐จ๐ค ๐๐ญ ๐ญ๐ก๐ ๐ ๐๐ฆ๐-๐๐ก๐๐ง๐ ๐ข๐ง๐ ๐ฉ๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ฌ๐ฎ๐๐๐๐ฌ๐ฌ :
Past Size and Competitive Landscape
โข Past Pricing and price curve by region
โข Size, Share, Size Forecast by different segment
โข Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
โข Segmentation A detailed analysis by segment with their sub-segments and Region
โข Competitive Landscape Profiles of selected key players by region from a strategic perspective
โฆ ๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐๐ญ๐ฌ :
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