Fishery Machinery Market Size, Share, Growth, Trends, and Global Industry Analysis: By Mode Type (Automatic and Semi-Automatic), By Product Type (Elevators & Hoppers, Feeders, Head Cutting Machines, Filleting Machines, Skinning Machines, and Others), By Application (Agriculture, Aquaculture, Water Treatment, and Others), and Region Forecast 2019-2030

Fishery Machinery Market size was valued at USD 78,583.6 million in 2023 and is projected to reach USD 118,160.7 million in 2030 growing at a CAGR of 6.0% from 2024-2030. Fishery machinery is specifically designed equipment and tools for harvesting, processing, and managing fisheries and aquaculture activities. These include nets, traps, fish finders, feeding systems, sorting machines, and processing equipment. In addition, the machinery provides maximum efficiency in production and harvesting with a reduction in yield while improving it, and it will help in sustainable fish production and harvesting. Fishery machinery makes an impact in optimizing operations while maintaining the environment free of harm by incorporating advanced technologies.

Increasing demand for seafood worldwide, expected to be at 200 million tons by 2030, would require improved efficiency in aquaculture and fishing. In addition, green initiatives and technological advancements including automation and artificial intelligence all aim to enhance productivity but reduce environmental footprints. Conversely, high initial investment costs and stringent regulatory frameworks become significant drawbacks, especially for small-scale operators.

There are also opportunities for the development of eco-friendly machinery as well as smart fishing technologies. This can help to make better use of whatever fish is caught so that less of it is wasted. Some market trends, from sustainable fishing, and the increasing requirement for healthy protein sources like fish, guide innovation and investment in advanced machinery solutions for this market.

Fishery Machinery Market Key Developments

• In September 2023, according to a UK-based nondepartmental public body, the Sea Fish Industry Authority, that supports the seafood industry, the production of aquaculture is expected to increase to 106 million tons in 2030 and that constitutes 22% total growth or nearly 19 million tons.
• In December 2023, Stakeholder Foods is an Israel-based deep-tech company that recently released a 3D-printed eel. 3D-printed eel is a plant-based product that replicates the exact taste, texture, and appearance of real eel.