- Crustaceans
- Fish
- Molluscs
Processed Seafood And Seafood Processing Equipment Market was valued at USD 218.4 billion in 2022 and expected to reach USD 311.4 billion by the end of 2029, recording a CAGR of 5.2% from 2023-2029. Due to the increase in demand for protein-rich food, increasing population, rising health consciousness among people. Moreover, the increase in aquaculture industry, availability of wide varieties of water species, increase in disposable income of people, increase in adaptation of seafood and increasing demand for processed foods with high nutritional value are driving the growth of the global processed seafood & seafood processing equipment market over the forecast timeframe. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global processed market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
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Increase in the world population is a key factor drive the global market. The increasing population worldwide has resulted in significant increase in food demand. Due to various reasons like lack of water, lack of proper environmental conditions the crop production in getting decreased and the demand for processed sea foods has been increased. According to UNO, 55% of the total world population live in urban areas and it is expected to reach 65% by 2050. Majority of the people who live in rural areas depends on agriculture but the population is getting decreased due to various reasons so that the production is getting decreased and the demand for processed foods is getting increased. However, rise in demand for highly proteinaceous food, and increasing aquaculture industries have enhanced the growth of the processed seafood & seafood processing equipment market.
The processed seafood and seafood processing equipment market size was valued at USD 218.4 billion in 2022
The processed seafood and seafood processing equipment market key players are: Freiremar S.A. (Spain) Lee Fishing Company (Australia) Leigh Fisheries Ltd. (New Zealand) Seattle Fish Company (U.S.) Thai Union Group (Thailand) Abba Seafoods AB (Sweden) Marine Harvest ASA. (Norway) Royal Greenland A/S (Greenland) Tesco PLC. (UK) Wm Morrison Supermarkets plc (UK) Cuulong Fish JSC (Vietnam). John Westfoods Ltd. (UK) Skaginn 3X (Iceland) Zhengda Food Machinery Co. Ltd (China) Nippon Suisan Kaisha, Ltd. (Japan)
The processed seafood and seafood processing equipment market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.