USD 3.1 billion
Report ID:
SQMIG30C2156 |
Region:
Global |
Published Date: December, 2024
Pages:
178
|Tables:
0
|Figures:
0
Global Seafood Processing Equipment Market size was valued at USD 3.1 billion in 2023 and is poised to grow from USD 3.22 billion in 2024 to USD 4.34 billion by 2032, growing at a CAGR of 3.8% 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 - 2025-2032
Global Market Size
USD 3.1 billion
Largest Segment
Finfish
Fastest Growth
Crustaceans
Growth Rate
3.8% CAGR
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Global Seafood Processing Equipment Market is segmented by Equipment Type, Automation level, Application, End Use and region. Based on Equipment Type, the market is segmented into Slaughtering Equipment, Smoking Equipment, Curing and Filling Equipment, Gutting Equipment, Scaling Equipment, Skinning Equipment, Filleting Equipment, Deboning Equipment and Others. Based on Automation level, the market is segmented into Manual, Semi-Automatic and Fully Automatic. Based on Application, the market is segmented into Frozen Seafood, Smoked Seafood, Canned Seafood, Dried Seafood, Surimi Seafood and Others. Based on End Use, the market is segmented into Seafood Processing Plants, Restaurants & Foodservice, Retail and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
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.
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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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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Growing Global Demand for Processed Seafood
Strict Food Safety Regulations
High Initial and Maintenance Costs
Lack of Access to Advanced Technology in Developing Regions
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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.
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 2023 | USD 3.1 billion |
Market size value in 2032 | USD 4.34 billion |
Growth Rate | 3.8% |
Base year | 2024 |
Forecast period | 2025-2032 |
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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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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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.
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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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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 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. '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.)'
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.
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.
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.
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