Fish Processing Market will explore robust size & growth during 2016-2024

Global Fish Processing Market: Overview

The practice associated with fish and fish products is known as fish processing. The process begins with catching of fish and continues until the finished product is reached to the consumer. This finished product is in the ready-to-eat form. It covers all aquatic organisms under fish processing. Fish processing is mainly followed to protect them from decaying. Fish is extremely perishable food product and hence it needs proper preservation method to extend its shelf life & maintain its nutritional quality. Some dried seafood such as shrimps, dried fish, dried octopus, dried oysters, and many other are gaining popularity among people. Moreover, some of the well-known fish processes used to preserve fish include surimi, curing, salting, drying, and smoking. For example, the Food and Agriculture Organization (FAO) and SNV Ghana collaborated to introduce a new fishing technology in order to provide cleaner and healthier fist to meet local as well as international standards.

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Global Fish Processing Market: Growth Factors

This market is mainly driven by health benefits and high nutritional value of the fish and fish products. Growing health concerns and aquaculture industry are contributing for the global non-food processing application market growth. Introduction of modern techniques and motorization of fishing boats are expected to boost the global market in the near future. In addition, government support for fishing activities and technological advancement also fuel the global fish processing market.

Global Fish Processing Market: Segmentation

The global fish processing market is segmented on the basis of application as non-food processing application and food processing application. Of these, non-food processing application is the fastest growing application segment in the global market owing to increasing use in the industrial applications. Non-food processing application is further sub-segmented as fertilizers, fish oil, industrial uses, fish meal, and cosmetics. Based on the category, the global market is bifurcated as preserved, frozen, and others. The global market is further divided based on equipment as curing & smoking, slaughtering, deboning, scaling, filleting, skinning, gutting, and others.

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Global Fish Processing Market: Regional Analysis

Europe is the dominating region in the global fish processing market. It is accompanied with abundant facilities such as boats, advanced machineries, and others which is anticipated to boost the global fish processing market in future. In European countries, cold smoking and hot smoking fish preserving methods are used on large extent. Import for varieties of fish and shrimp from Asian economies will contribute to the global fish processing market growth. Portugal is the fastest growing region in the European country with augmenting demand for sardine, turbot, hake, oysters, clams, and cod. Some European countries such as Spain, Portugal, Poland, and Denmark have fishery as their main occupation and thus they majorly contribute to the GDP growth. They are leading exporters to the North American and European countries.

Global Fish Processing Market: Competitive Players

Major players dominating the global fish processing market include Maruha Nichiro Corporation, Norway Pelagic ASA, Charoen Pokphand Foods PCL, High Liner Foods Incorporated, and Pescanova S.A. Other key players influencing the global market are Marine Harvest ASA, Thai Union Frozen Products PLC, Nippon Suisan Kaisha, Ltd., Leroy Seafood Group ASA, and Royal Greenland A/S.

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