A recent report published by Infinium Global Research on processed seafood and seafood processing equipment market provides in-depth analysis of segments and sub-segments in the global as well as regional processed seafood and seafood processing equipment market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional processed seafood and seafood processing equipment market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global processed seafood and seafood processing equipment market. According to the report, the global processed seafood and seafood processing equipment market is projected to grow at a CAGR of 4.8% over the forecast period of 2019-2025.
Seafood includes different type of sea animals and plant used as food by human beings. It mainly includes fish and shellfish. The shellfish includes different type of mollusks, echinoderms, crustaceans. Additionally, a different type of edible sea plants as microalgae, seaweeds are extensively consumed as seafood around the globe. Seafood is a natural source of different type of healthy nutrients, which are not easily available in the market. It promotes heart health, good eyesight and enhances brain power among regular consumers. But, raw seafood comes with numerous unwanted items, which contains several ingredients as bioactive peptides, collagen, gelatin. These items are not fit to human consumption but can be used in other industry biomedical, cosmetic and food industry as raw material. Hence, processing equipment used to process seafood provides multiple benefits to the processers. First, it provides them to shape seafood for human consumption, and by-products as a source of extra revenue.
The growing disposable income among the young middle-class consumers in the developing countries is motivating them to shift their consumption habit towards protein-based food for better health. The seafood is the most coveted food item among the youth and middle-class consumers for protein-based food. Additionally, growing awareness about the medicinal benefits of the consumption of the seafood are motivating the neo-rich, young and middle-class consumers to consume a significant amount of seafood product regularly is helping to grow the demand for a different type of processed seafood & seafood processing equipment market in developing countries.
The Asia-Pacific is the largest market of processed seafood & seafood processing equipment in the world, owing to the presence of a large consumer base in this region. China, Myanmar, Vietnam, Japan are the leading nations in the world in terms of the consumption of the different type of seafood products. Europe is the second large market after Asia-Pacific for the consumption of processed seafood & seafood processing equipment. The presence of a large number of seafood processing companies and large domestic consumer base in the European Union is helping to grow the market in this region.
The report on global processed seafood and seafood processing equipment market covers segments such as type, equipment type, and end-product. On the basis of type, the sub-markets include fish, crustaceans, mollusks, and other types. On the basis of equipment type, the sub-markets include scaling, gutting, slaughtering, filleting, skinning, smoking, curing & filling, and other equipment types. On the basis of end-product, the sub-markets include surimi, canned, smoked, dried, frozen, and other end-products.
The report provides profiles of the companies in the market such as Kroma, LAKIDIS, Arenco AB, Skaginn 3X, Uni-Food Technic A/S, BAADER, Marel, JBT, GEA Group Aktiengesellschaft, and The Middleby Corporation.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of processed seafood and seafood processing equipment market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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