Global Fish Processing Market Overview:
Increasing consumption of seafood worldwide coupled with increasing awareness regarding the health benefits as well as a nutritional value related to seafood will help to fuel the global fish processing market in the forecasted period. Fish processing is the processes related to fish and fish products between the time fish are caught or harvested, and the time the final product is distributed to the consumer. This completed product is in the ready-to-eat form. The process covers all aquatic animals under fish processing. It is mostly followed to defend them from decaying. The high nutritional profile of fish products, health benefits of fish, growth in the aquaculture industry and increasing health-consciousness. These are key drivers of global fish processing market. Some of the players profiled in the study are Charoen Pokphand Foods PCL (Thailand), Maruha Nichiro Corporation (Japan), Nippon Suisan Kaisha, Ltd. (Japan), Marine Harvest ASA (Norway), Thai Union Frozen Products PLC (Thailand), Pescanova S.A. (Spain), High Liner Foods Incorporated (Canada), Royal Greenland A/S (Denmark), Leroy Seafood Group ASA (Norway) and Norway Pelagic ASA (Norway).
On the basis of geography, the market of Fish Processing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Spain, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Equipment, the sub-segment i.e. Gutting will boost the Fish Processing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Species, the sub-segment i.e. Fish will boost the Fish Processing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Marine will boost the Fish Processing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Growing Consumption of Seafood Products
- Increasing Fish Farming in Various Regions
- High Development in Preserving and Packaging Methods
- Fueling Demand Due To Government Support for Fishing Activities and Technological Advancement
- Rising Inclination towards Vegan Food and Vegetarian Lifestyle
- High Price for Processed Fish of Some Species
- Emerging Consumer Preference for Value-Added Products
- Huge Opportunity Due To Introduction of Modern Techniques and Motorization of Fishing Boats
- Stringent Government Regulations Regarding the Trading Of Fishes
Key Market Developments:
On 9th July 2018, The Nueva Pescanova Group has acquired Unick Fish, a Cape Town, South Africa-based importer and marketer of seafood products.
“The U.S. Food and Drug Administration (FDA) has the primary Federal responsibility for the safety of seafood products in the U.S. In 1997 the FDA adopted a regulation (21 CFR Part 123) that required all seafood processors to utilize the preventive system of food safety controls known as HACCP (Hazard Analysis Critical Control Point)”.
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Suppliers and Distributors, Industry Association, Regulatory Bodies, Government and Private Research Organizations and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Fish Processing market on the basis of product [Frozen, Preserved, Dried and Others] , application [Food, Feed, Biomedical and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Fish Processing market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Spain, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Fish Processing industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Channel Fish Processing Company, Inc. (United States), BAADER (Germany) and Marel (Iceland).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Fish Processing market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.