Processed Fish Market Driven by Increasing Demand for Processed Seafood
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Processed Fish Market: Market Dynamics
The growth in the processed fish market is primarily attributed to the increasing demand for processed seafood among consumers and economic growth landing to rising disposable income are driving the growth of the processed fish market. Besides, change in lifestyle pattern, particularly in the developing countries, are increasing demand for processed fish. Due to hectic lifestyle, time-strapped people prefer processed fish products over others as it provides healthy food options which are convenient to cook and minute ready to eat. On the other hand, the major factor restraining the growth of processed fish market is the increase in the price of raw material used for manufacturing processed fish.
Processed Fish Market: Market Segmentation
The global processed fish market is segmented into four categories based on the product type, sources, species, equipment, and applications.
Based on the product type, the global processed fish market is segmented into:
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Based on types of source, the global processed fish market is segmented into:
Based on species, the global processed fish market is segmented into:
Based on the type of equipment used, the processed fish market is segmented into:
Based on the type of applications, the global processed fish market is segmented into:
Processed Fish Market: Regional Outlook
Regarding geography, the processed fish market has been categorized into seven key regions including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan, and the Middle East & Africa. The Processed Fish market is expected to register healthy CAGR during the forecast period. Asia Pacific excluding Japan is experiencing the rapid increase in the production capacity of processed fish market as a demand ready to eat seafood as a substitute for protein is rising in developing countries such as China, India, and South Korea. The Eastern and Western Europe are projected to register healthy growth in countries such as UK, Portugal, Italy, France, Germany shows increment in the usage of marine food in catering while demanding processed seafood. North and Latin America is also witnessing steady growth in processed food market.
Processed Fish Market: Key players
Some of the key player’s global processed fish market are Iglo Group, High Liner Foods, Norway Pelagic ASA - Pesconova S.A., Royal Greenland A/S, Leroy Seafood Group, Thai Union Frozen Products Public Company Limited, Marine Harvest, Dong Won Fisheries, Nippon Suisan Kaisha, Ltd., Leroy Seafood Group ASA, Empresas Aqua Chile, Beijing Princess Seafood International Trading, Findus Group, Faroe Seafood, Kverva, Hansung Enterprise, Maruha Nichiro Corporation, and Charoen Pokphand Foods PCL among others.
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