Fish Processing Market increasing at a phenomenal pace to reach more than USD 248.1 Billion by 2028

17-Jun-2021 | Zion Market Research

Global Fish Processing Market Size To Register CAGR Of About 5.5% Over 2021-2028

Major companies in the fish processing market are Charoen Pokphand Food pcl, Higher Liner Food Incorporated, Leroy Seafood Group Asa, Marine Harvest Asa, Maruha Nichiro Corporation, Nippon Suisan Kaisha Ltd, Pelagic Asa, Pesconova SA, Royal Greenland A/S, and Thai Union Frozen Product Public Company Limited, among others. These players are set to bolster the development of the global fish processing market.

According to analysts at Zion Market Research, the global fish processing industry size accounted for more than USD 285.94 Billion in 2020 and is expected to reach USD 435.47 Billion by 2028, growing at a CAGR of 5.5% from 2021 to 2028.

Global Fish Processing Market Size

This review is based on a report by Zion Market Research, titled “Global Fish Processing Market By Fish Processing Category (Frozen, Preserved And Others), By Application (Food, Non-Food), By Source (Marine And Inland), By Species (Fish, Crustaceans, Mollusks, And Others), By Equipment (Slaughtering, Gutting, Scaling, Filleting, Deboning, Skinning, Smoking, And Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2028.”

Increased health awareness amongst the consumer leading the fish processing market

The high nutritional value of fish, the growth of the aquaculture industry, and increased public health awareness are the main market drivers for this industry. The health benefits and high nutritional value of fish and fishery products are driving this market. The growth of the non-food processing application mark is being aided by rising health concerns and the aquaculture industry. In the near future, the global market is expected to be strengthened by the introduction of modern technology and the dynamics of fishing vessels.

Moreover, government support for fishing activities and technological advancements energizes the global fish handling market. Increased awareness of the health benefits and nutritional value of seafood has led to an increase in seafood consumption around the world, which is expected to drive market growth over the forecast period.

Another factor driving the market growth is various government initiatives to support the aquaculture industry. Another factor expected to drive the growth of the global fish processing market during the forecast period is the rising demand for fish oil in various industries and industries. The demand for seafood is skyrocketing around the world. This allows producers to increase their production scale by using more efficient equipment. Demand for fish processing equipment is expected to rise as a result of the rise of health-conscious consumers, particularly in North America and Europe.

The presence of Big Players in the Region supports Europe's Dominance

In the Fish Processing market, Europe is the most dominant region. They have a wealth of resources, including ships and advanced machinery that are expected to boost the local economy in the future. Cold-rolled and hot-smoked fish preservation methods are widely used in European countries. Cauldrons, clams, sardines, oysters, and cod are in high demand in Portugal, which is the fastest-growing region in Europe. Fishing is the main occupation in some European countries, such as Portugal, Spain, Poland, and Denmark, and it contributes significantly to GDP growth. They are the most successful exporters to North America and Europe.

Browse the full Global Fish Processing Market By Fish Processing Category (Frozen, Preserved, And Others), By Application (Food, Non-Food), By Source (Marine And Inland), By Species (Fish, Crustaceans, Mollusks, And Others), By Equipment (Slaughtering, Gutting, Scaling, Filleting, Deboning, Skinning, Smoking, And Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/fish-processing-market

The global fish processing market is segmented as follows:

By Fish Processing

  • Frozen
  • Preserved
  • Others

By Application

  • Food
  • Non-Food

By Source

  • Marine
  • Inland

By Species

  • Fish
  • Crustaceans
  • Mollusks
  • Others

By Equipment

  • Slaughtering
  • Gutting
  • Scaling
  • Filleting
  • Deboning
  • Skinning
  • Smoking
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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