Seafood Processing Equipment Market to Reach $3.47 Billion by 2026 Growing at a CAGR of 5.7%
WILMINGTON, NEW CASTLE, DELAWARE 19801 USA, UNITED STATES, July 1, 2024 /EINPresswire.com/ -- Allied Market Research published a report, titled, "Seafood Processing Equipment Market by Seafood Type (Finfish, Crustaceans, Mollusks, and Others) and Equipment Types (Gutting, Scaling, Skinning, Deboning, Filleting, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026." According to the report, the global seafood processing equipment industry was estimated at $2.26 billion in 2018 and is expected to hit $3.47 billion by 2026, registering a CAGR of 5.7% during 2019โ2026.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ: https://www.alliedmarketresearch.com/request-sample/6159
Driving Factors and Challenges
The global seafood processing equipment market is on a steady growth trajectory, fueled by expanding aquaculture operations and rising consumer demand for processed seafood. However, challenges such as declining seafood populations and the high capital expenditure associated with automated equipment pose potential obstacles to this growth. Nonetheless, ongoing innovations in seafood processing technologies offer promising opportunities for the industry to overcome these challenges.
Dominant Equipment Segments and Innovations
Within the equipment segment, filleting stands out as the dominant category and is projected to maintain its lead until 2026. This dominance is attributed to the adoption of advanced processing methods aimed at ensuring the safety, freshness, and nutritional value of seafood products without the need for artificial preservatives. Additionally, the deboning segment is expected to experience rapid growth, driven by the adoption of automated bone removal systems that enhance production efficiency and yield.
๐๐๐ฏ๐ ๐๐ฎ๐๐ซ๐ข๐๐ฌ? ๐๐๐ฅ๐ค ๐ญ๐จ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ: https://www.alliedmarketresearch.com/connect-to-analyst/6159
Key Players and Regional Dynamics
Several key industry players, including JBT, Subzero, BAADER, M.T.C. Food Equipment, Inc., and others, play pivotal roles in driving technological advancements and market expansion. Geographically, the Asia-Pacific region emerges as a major contributor to the global seafood processing equipment market, fueled by its thriving aquaculture sector and abundant natural resources. North America also holds significant revenue share in the market, highlighting diverse regional dynamics.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ญ๐? ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐๐ซ๐: https://www.alliedmarketresearch.com/checkout-final/7983830c6ad4165dd57ccf3812e8c630
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Key Findings of the Seafood Processing Equipment Market:
- Finfish segment accounted for 66% of shares in global seafood processing equipment market in 2018
- Crustacean segment expected to grow at highest CAGR of 6.20% during forecast period
- Other seafood segment accounted for 28% of total shares in global market in 2018
- The deboning segment in global seafood processing equipment market is significant
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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