Processed Seafood & Seafood Processing Equipment Market Segment Analysis – By the Type
By Type the Processed Seafood and Seafood Processing Equipment Market is segmented in to Fish, Shrimps, Crabs, Crustaceans and Molluscs. The fish segment accounted for the largest market share owing to the demand and trade of processed fish products in the market. The perishable qualities of the fish make it mandatory for the fisherman and the harvesters to process them. The key types of proceeded fish available in the market are canned, degutting, salting, fermentation, drying and smoking. These processes then lead to the production and improvements in taste, texture and color and also increase the shelf life while the Crustaceans are predicted to grow at the fastest CAGR of 5.4% owing to their extensive usage in the cosmetic, pharmaceutical and food industry as they are packed with zinc, a mineral that reduces the inflammation on skin.
Seafood Market projected to reach US$ 198,854.86 million and expected to grow at a CAGR of 2.9% during the forecast period 2021-2027
iCrowd Newswire
30 Apr 2021, 01:55 GMT+10
The seafood market was valued at US$ 158,910.17 million in 2019 and is projected to reach US$ 198,854.86 million by 2027; it is expected to grow at a CAGR of 2.9% during the forecast period.
As per the Food and Drug Administration, seafood encompasses all commercially obtained saltwater and freshwater fish, molluscan shellfish, and crustaceans. The demand for seafood is anticipated to witness a dramatic growth across the globe owing to its health benefits. Seafood provides numerous health benefits to consumers which drives seafood consumption among consumers. Rise in health consciousness among consumer s further helps in market expansion. Seafood is a high-protein food, which is low in calories, total fat, and saturated fat. It consists of adequate amount of the essential amino acids to ensure healthy growth
Processed Seafood And Seafood Processing Equipment MarketPin-Point Analysis For Changing Competitive According to Stratistics MRC, the Global Processed Seafood & Seafood Processing Equipment Market is accounted for $1.46 billion in 2017 and is expected to reach $2.73 billion by 2026 growing at a CAGR of 7.2% during the forecast period.
BriefingWire.com, 4/08/2021 - According to Stratistics MRC, the Global Processed Seafood & Seafood Processing Equipment Market is accounted for $1.46 billion in 2017 and is expected to reach $2.73 billion by 2026 growing at a CAGR of 7.2% during the forecast period. Some of the key factors influencing the market growth include rise in the seafood trade, increased consumption of processed seafood products, and increased health consciousness among consumers. However, the requirement of capital investment along with a low replacement frequency of this equipment is restraining the market growth.
SEAFOOD PROCESSING EQUIPMENT MARKET 2018 GLOBAL INDUSTRY DEMAND, SALES, SUPPLIERS, ANALYSIS AND FORECASTS TO 2026
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Global Seafood Processing Equipment Market was valued US$1.95 Bn in 2017 and is expected to reach US$3.0 Bn by 2026, at a CAGR of 5.53% during a forecast period. The global seafood processing equipment market is separated based on the products as Frozen, Smoked, Canned, Dried, Others. As equipment type is classified into frozen seafood, Smoked seafood, canned seafood, Dried Seafood, and Other. The report covers analysis, market forecast and competitive landscape of the industry by region. Regions are segmented by North America, Europe, Middle East & Africa, Asia Pacific, and Latin America.