With the growing urbanization and diversifying food choices, aquaculture is emerging as the fastest-growing food production form in the world, contributing to the fastest expanding livestock industry. Several startups and already established companies are willing to spend on seafood and aquaculture as the processed seafood, and seafood processing equipment market size is growing at an exponential rate with time. The growing idea of clean meat is not restricted to the land animals only, as several organizations are investing in research and development sectors to aggravate the idea of clean seafood. Amongst the many is Finless Foods that are trying to use biotechnology to process seafood in a lab. Also, Ocean Hugger Foods have launched a mission to manufacture seafood proteins by processing several plant-based alternatives. All these are evolving processed seafood and seafood processing equipment market outlook across the world.
As of 2018, the global processed seafood and seafood processing equipment market size was evaluated at around $2.3 billion, which is expected to heighten at a CAGR of 4.8% in the forecast period 2019-2025. The report covers processed seafood and seafood processing equipment Market Size by type and Product, processed seafood and seafood processing equipment market share by top 5 companies and also the market share by start-ups during the forecast period.
View Full Table of contents @ https://www.industryarc.com/Research/Processed-Seafood-Seafood-Processing-Equipment-Market-Research-504486
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Seafood Processing Equipment Market Analysis: Key Application
Amidst the various equipment of seafood processing, the world is experiencing an escalated demand in the slaughtering equipment. It is due to the harvest of high-quality product without any degradation. The affinity towards this food processing technology by the manufacturers is for its ability to produce several fish cuts such as straight cut, slant cut, contoured cut, and round cut. Several types of fish slaughtering equipment, including manual, automatic, semi-automatic, and electric, are found. However, slaughtering equipment is the most wanted one as a seafood processing equipment. Reports prove that the stunning humane technology involving slaughter equipment improves fillet attributes and also increases the shelf life of the product. The application of slaughter equipment as a seafood processing equipment is going to witness an increment at a CAGR of 3.6% throughout 2025.
APAC Processed Seafood and Seafood Processing Equipment Market Overview:
The seafood market in APAC is undergoing a drastic change due to the diet diversification, invention of several modern technologies, busy lifestyle, rapid urbanization, and others. Furthermore, the developing fishery industries across the countries is attributing to the processed seafood and seafood processing equipment market of the region. APAC held the largest processed seafood and seafood processing equipment market share of about 46% amidst the global market in 2018. Here are the growth drivers and trends that are boosting the marketplace –
· India's Outstanding Fish Production Figures to Drive the APAC Processed Seafood and Seafood Processing Equipment Market –
India is the second-largest fish producer in the world with around 11.4 million metric ton production, among which marine food processing is of about 23%. The abundant geographical resources contribute to further escalation in the numbers of fish inventory. The fish export sector values at about $4.7 billion per million metric ton. These array of figures evinces that both processed seafood market vendors and seafood processing equipment market players can reap off unimaginable benefits in the upcoming years.
· Japan's Denitrification Technologies to Boost APAC Seafood Processing Equipment Market –
In 2018, the entire world observed a land-based recirculating aquaculture system (RAS). Amongst the many countries, Japan spent on denitrification technologies to elevate the operations of seafood processing. Also, Taiyousuiken Inc. witnessed an increased demand in its high-speed nitrification carrier Ocean Cleaner No. 3 (OCNO 3), made of polypropylene foam for RAS, as manufacturers incline towards seafood processing. Besides, FRD Japan, Co. announced to scale up small hatchery facility rearing trout to large pilot plant in Chiba Prefecture. The company plans of gaining great production of sushi-ready salmon slices by 2020. These figures are evidencing enough of the increasing APAC Seafood Processing Equipment Market in the next years.
· Opening of Processing Facilities across the Pacific to Create an Impact on the APAC Seafood Processing Equipment Marketplace –
Several processing facilities are emerging across the world. Recently, on February 2018, PT Bali Seafood International (BSI) constructed their processing facility in Indonesia. Also, Pacific Seafood reopened its Oregon-based processing plant, which was earlier destroyed in 2013 fire. These are enhancing the APAC Seafood Processing Equipment Market expansion in the upcoming years, giving several opportunities to the market leaders.
Processed Seafood and Seafood Processing Equipment Market Trends & Growth Drivers:
The food processing technology is regularly evolving. Frozen seafood, octopus farming, and shrimp cultivation - all these are gaining ground, thereby contributing to the expansion of the processed seafood and seafood processing equipment market. Here are the trends and drivers that are helping in the market expansion –
· Maxwell Chase's Seafood Packaging Line to Heighten the Processed Seafood Market Growth –
While processing facilities are bringing revolutionary changes in the processed seafood market outlook, Maxwell Chase has announced its one of a kind packaging line in 2018 that would extend the shelf-life of both fresh and frozen seafood products. The integrated absorbing technology implemented at the bottom of the trays absorbs excess fluids, thus resulting in the increased shelf life. The global frozen food market stood between $225 billion to $228 billion in 2018 and is expected to witness increment at a CAGR of 3.5%-5% during the forecast period 2019-2025. Hence, the processed seafood market is expected to flourish further in the upcoming years.
· America's Lobster Industry Related Innovations to Drive the Global Processed Seafood and Seafood Processing Equipment Market –
Ashore Innovations has developed a submersible buoy that is geo-trackable, can be retrieved by acoustic release technology and also moves down with the lobster trawl. This innovation will help the fisherman to yield a better lobster harvest. Also, in Ecuador, SSP teamed with ICONTEC has innovated Aquaculture Stewardship Council (ASC) certification process which involves harvesting without antibiotics. In March 2019, the first lot of SSP certified shrimps were harvested in order to create a neutral impact on the environment. All these innovations will attract several shrimp harvesters, thus creating an upsurge in the global processed seafood and seafood processing equipment market.
· AquaCloud to Create an Impact on the Worldwide Seafood Processing Equipment Market –
Prevention of diseases is one of the most important aspects of aquaculture. The changing climate lacks to prevent diseases from affecting several fish factories. Hence, in collaboration with IBM, the Seafood Innovation Cluster has designed AquaCloud that gathers several data from various salmon farms across Norway and deploys sophisticated machine learning technology to prevent and predict sea lice outbreaks. This revolutionary breakthrough is going to garner the attention of various fish harvesters, thereby increasing seafood processing equipment market leaders.
· Various Policies to Boost the Processed Seafood and Seafood Processing Equipment Market –
8 global seafood company CEOs went on to sign a major ocean sustainability pledge to improve transparency and traceability in their operations. The pledge also works towards the reduction of antibiotics, engagement in improvement of aquaculture through scientific research and development, reduction of plastic usage and greenhouse gas emission, and others. Also, a project named SEAFOODtomorrow has been initiated with the funding from European Union's Horizon 2020 that would serve high quality, balanced, and healthy seafood without environmental contaminants. A vast majority of the European consumers miss out on two portions of fish per week, and this initiative aims at diminishing this. These innovative ideas are going to create an impact on the global processed seafood and seafood processing equipment market in the upcoming years.
· Revolution in Octopus Farming to Create Opportunities for Seafood Processing Market Leaders –
After decades of research and attempts, Nueva Pescanova Group has cracked the reproduction cycle of octopus in aquaculture. This breakthrough will create an impact on the global seafood processing market, attracting several market players to deploy this process.
· Food Processing Machinery Sector to Create an Upsurge in the Global Seafood Processing Equipment Market –
The global food processing machinery market is projected to grow at a CAGR of 8% from 2018-2023. Also, high-pressure processing (HPP) is the latest breakthrough that the food processors are looking forward to, which escalates the shelf-life of a product several times. The seafood processors appreciate this non-thermal processing approach. Thus the seafood processing equipment market is gaining ground across the world.
Processed Seafood and Seafood Processing Equipment Market: Competitive Landscape
The principal business leaders who are currently holding maximum processed seafood and seafood processing equipment market shares in the world and are focusing on the expansion of their manufacturing capacity to gain an edge over other market players are Marel, Nordischer Maschinenbau Rud. Baader GmbH + Co. KG, Uni-Food Technic A / S, Skaginn 3X, Arenco AB, Zhengda Food Machinery Co. Ltd, Middleby Corporation, GEA Group AG, John Bean Technologies Corporation, KROMA A/S, and others.
· In 2018, the acquisition of Hinds-Bock Corporation (US) by Middleby Corporation, offered the company a solution for the high-volume seafood processing.
· Strengthening the company's seafood processing equipment market share, Marel acquired, MAJA-Maschinenfabrik Hermann Schill GmbH and Co. KG (Germany) in 2018.
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