Seafood Processing Equipment Market Size, Share, Growth Analysis, By Equipment Types (Gutting, Scaling), By Seafood Type (Finfish, Crustaceans), By Product (Frozen, Smoked), By Region -Industry Forecast 2025-2032
Report ID:
SQMIG30C2156 |
Region:
Global |
Published Date: December, 2024
Pages:
178
|Tables:
0
|Figures:
0
Seafood Processing Equipment Market Insights
Seafood Processing Equipment Market size was valued at USD 2.35 Billion in 2023 and is poised to grow from USD 2.43 Billion in 2024 to USD 3.2 Billion by 2032, growing at a CAGR of 3.5% during the forecast period (2025-2032).
The increasing global demand for seafood due to population growth and changing dietary preferences increases the need for processing. Increased awareness of the nutritional value of seafood, including omega-3 fatty acids, encourages increased seafood consumption. Stricter government regulations on food and related services are expected to increase consumer inclination towards seafood. Increasing income, demographics, urbanization and health literacy are expected to fuel the seafood processing equipment market growth.
The demand for tasty and nutritious food products is increasing exponentially every year, with a rising population and an increased need to fulfill its food requirements. Rising healthcare consciousness in Europe and North America and developing regions including Asia-Pacific is predicted to fuel growth during the forecast period.
The Global Aquatic Practices Alliance (GAA) regulates Best Aquatic Practices (BAP) certification standards for the seafood processing equipment industry, aquaculture facilities, farms and restaurants. Overall, the regulatory framework enforces manufacturers for a selection of custom equipment and can continue for the next eight years.
The demand for seafood has increased dramatically in recent years. The rise in protein consumption is largely due to consumer recognition of the benefits of a high-calorie diet. The industry has witnessed favourable market conditions and trading conditions due to increase in fish production. Growing demand for aquaculture is also expected to fuel the market growth.
The seafood products are governed by certifications, regulations and standards set by governments. Meeting food standards and safety guidelines is the primary objective of those involved in the value chain.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Fastest Growth
Growth Rate
CAGR
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Seafood Processing Equipment Market Segmental Analysis
Global seafood processing equipment market is segmented based on seafood type, product, equipment types and region. Based on seafood type, the market is segmented into finfish, crustaceans, mollusks, others. Based on equipment types, the market is segmented into gutting, scaling, skinning, deboning, filleting, others. Based on product, the market is segmented into frozen, smoked, canned, dried. Based on region, the market is segmented into North America, Asia-Pacific, Europe, Latin America, Middle East and Africa.
Analysis by Seafood Type
As per seafood processing equipment market analysis, the finfish segment remains dominant due to its widespread consumption and established processing techniques and global consumption of various foods such as salmon, tuna and cod, which form a staple in numerous cuisines. Finfish processing requires specialized equipment for scaling, filleting, skinning and portioning. Besides, rising popularity of ready-to-eat and frozen finfish products in developed regions has led to rapid adoption of automated process solutions. Increasing health awareness about the nutritional benefits of finfish such as high levels of omega-3 fatty acids have increased the demand worldwide.
On the other hand, crustaceans are the fastest growing segment in the market. Crustaceans segment including shrimp, crab and lobster is growing rapidly due to increasing consumer demand for high quality seafood. Processing complexity of crustaceans such as de-shelling, deveining and cooking has adopted specialized equipment to suit these needs. Emerging markets in Asia-Pacific, where crustaceans are a significant export commodity, are heavily investing in modernizing their processing capabilities to meet rising global demand. Moreover, the expansion of crustacean aquaculture practices, with increasing demand for processed products in cooked or packaged products, is driving growth in crustacean-specific production of technology.
Analysis by Equipment Types
As per the seafood processing equipment market outlook, the gutting segment plays an important and fundamental role. As these processes are an important part of preparing seafood for consumption or further processing. External equipment needs to remove sediment to keep seafood fresh and clean, while fish skin is being improved. The dominance of this segment is driven by the increasing consumption of global seafood, which needs efficient clean-consumption solutions to meet large demands that will save time, reducing waste, ensuring consistent quality. These advancements address the industry's demand for hygiene, efficiency, and productivity, making the gutting segment integral to the seafood processing equipment market.
The scaling segment is also growing strongly, especially in developing regions such as Asia-Pacific, where seafood processing and exports are growing. Innovations in automation, such as precision gut sensors and advanced scaling technologies, have made these devices indispensable in modern seafood processing. In addition, processors that meet the growing consumer demand for seafood a ready to cook and processed in the retail and food industry. The global focus on sustainability and food waste reduction, a push to invest in scalable and effective gutting and scaling solutions have further emphasized the need for high yield mechanisms in these materials.
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Seafood Processing Equipment Market Regional Insights
The North America region in the seafood processing equipment market is growing due to advanced technological infrastructure, stringent food safety regulations and strong presence of leading market players. There is a high demand for marine products, driven by consumer demand for convenience and high-quality options. Investments in automation, robotics, and sustainable manufacturing technologies have expanded, and enables North American companies to maintain a competitive advantage. Moreover, stricter regulations like FDA is forcing seafood producers to adopt state-of-the-art equipment, further strengthening the region’s dominance.
Conversely, Asia-Pacific is the fastest growing region in the seafood processing equipment market, with high seafood supply, growing middle class population and seafood serving fueled by increasing price demands. In Asia-Pacific, urbanization and changing dietary habits have significantly increased demand for fresh seafood, prompting local producers to adopt advanced technologies. Government policy diversity to modernize seafood processing plants and improve export standards accelerating market growth. The market growth is fueled by rising global seafood consumption, increasing demand for processed and value-added products, and advancements in automation and smart processing technologies. Additionally, the growing industry and stringent food safety regulations are prompting seafood processors to adopt innovative equipment that ensures hygiene, efficiency, and compliance.
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Seafood Processing Equipment Market Dynamics
Drivers
Growing Global Demand for Processed Seafood
- Increasing consumption of fresh seafood driven by changing food preferences and increasing health consciousness is a major driver of the seafood processing equipment market. Furthermore, increasing demand for seafood in emerging markets such as Asia-Pacific and Latin America, driven by increased urbanization and disposable income drives the market growth. Factors innovations in refrigeration, filleting and packaging technologies to meet these demands have led to the adoption of seafood processing technologies worldwide.
Strict Food Safety Regulations
- Government-imposed food safety regulations and standards are pushing seafood processors to upgrade their equipment to ensure compliance. Advanced processing machinery ensures purity, reduces the risk of contamination and preserves the nutritional value of seafood. Manufacturers are increasingly focusing on automation and modern technology to increase accuracy in production due to the increasing incidence of foodborne illnesses and product recalls.
Restraints
High Initial and Maintenance Costs
- The high cost of acquiring and maintaining advanced seafood processing equipment is a significant limitation, especially for small and medium-sized enterprises (SMEs) where modern equipment often requires, and provides, large investments. In addition, the constant maintenance, repair, and skilled labor required to operate such devices further increase operating costs, limiting market growth in low-cost industries.
Lack of Access to Advanced Technology in Developing Regions
- Many developing countries face challenges in adopting advanced seafood processing technologies due to limited inputs, lack of technical skills and financial constraints. Furthermore, inadequate government support and limited awareness of the benefits of modern manufacturing technologies slow down their adoption, limiting market expansion in these regions. Developing regions also face barriers like limited access to advanced technologies and inadequate infrastructure, which restrict market expansion.
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Seafood Processing Equipment Market Competitive Landscape
The seafood processing equipment market is highly competitive, with a mix of well-known global players and local operators. Leading companies focused on innovation, product development and strategic partnerships on to strengthen their market position. Key brands such as Marel, GEA Group, Baader Group and JBT Corporation lead the market with a strong global presence and comprehensive product portfolio. These companies emphasize automation, smart technology, and multi-energy solutions to meet changing customer needs. Marel, for example, offers advanced fish processing solutions that integrate robotics and IoT to increase operational efficiency and traceability.
Top Player’s Company Profiles
- Baader Global SE (Germany)
- Marel (Iceland)
- GEA Group Aktiengesellschaft (Germany)
- Biro Manufacturing (U.S.)
- Arenco AB (China)
- Polar Systems Ltd. (U.K.)
- Uni-Food Technic (Denmark)
- Optimar AS (Norway)
- SEAC AB (Sweden)
- JBT (U.S.)
- Cabinplant A/S (Denmark)
- M.T.C. Food Equipment, Inc. (U.S.)
Recent Developments
- In February 2023, multinational feed manufacturer Marel launched the processor MS 2750. It is expected to deliver a high-yield processor and trout weighing 1.5-10 kg.
- In April 2021 the GEA Group Aktiengesellschaft, launched its SKIN thermoforming packaging technology, PowerPak SKIN 50. This provides a fish processor, and high-quality products such as high-quality seafood, up to high packaging capacity.
- in February 2021, BAADER Group acquired Swedish shrimp producer SEAC AB. SEAC technology is ideally suited for BAADER to further expand its full range of products in small shrimp.
Seafood Processing Equipment Key Market Trends
- Integration of Automation and Smart Technology: The integration of process automation and smart technology into seafood processing is changing the industry. The device is becoming increasingly popular with advanced features such as IoT connectivity, data analytics and real-time analytics. Automation not only improves efficiency but also improves consistency, reduces waste and reduces dependence on labour. Companies are using artificial intelligence and machine learning to optimize processes, increasing overall business efficiency. This trend is expected to shape the future of the seafood processing equipment market, with a focus on sustainability and equity.
- Growing Focus on Sustainable Seafood Processing: Sustainability is a major focus in the industry, influencing equipment design and production. Companies are increasingly adopting environmentally friendly manufacturing technologies that reduce water and energy consumption and reduce waste. The recycling of fish products as valuable resources is gaining ground in tools that support sustainable practices. This trend aligns with consumer and regulatory demands for environmentally responsible production, positioning sustainability as a pivotal growth factor for the market.
Seafood Processing Equipment Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the seafood processing equipment market is driven by increasing global demand for processed seafood and stringent food safety regulations. However, challenges such as high start-up costs and low adoption of technology in developing regions hamper the growth of the market. Emerging trends, including automation and the use of sustainable technologies are reshaping the industry, creating opportunities for innovation and market expansion. As the industry grows, balancing cost with advanced technology and sustainability will be critical to its future success. The trend towards convenience foods, particularly ready-to-eat and easy-to-prepare seafood products, is significantly influencing the processed seafood processing equipment market. As consumer lifestyles become increasingly fast-paced, there is a growing preference for quick and nutritious meal options that do not compromise on quality or taste.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.27 Billion |
| Market size value in 2031 | USD 3.09 Billion |
| Growth Rate | 3.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Seafood Processing Equipment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Seafood Processing Equipment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Seafood Processing Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Seafood Processing Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Seafood Processing Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Seafood Processing Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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