Seafood Processing Equipment Market Size - By Equipment Type (Slaughtering Equipment, Smoking Equipment, Scaling Equipment, Skinning Equipment), Application (Frozen Seafood, Smoked Seafood, Canned Seafood), Automation Level, End-use & Forecast, 2023 – 2032

Seafood processing equipment Market Size

Seafood Processing Equipment Market size was valued at around USD 1.9 billion in 2022 and is estimated to witness 4.5% CAGR from 2023 to 2032. Rising global demand for seafood products, driven by population growth and changing dietary preferences, leads to increased processing needs. Growing awareness of the nutritional benefits of seafood, including omega-3 fatty acids, encourages higher seafood consumption.
 

Demand for convenient and ready-to-eat seafood products, such as fillets, portions, and value-added items, fuels the need for specialized processing equipment. Expansion of seafood export markets drives investment in processing equipment to meet international quality and safety standards.

Strict regulations and standards related to food safety, hygiene, and environmental sustainability impose compliance challenges on seafood processors. Competition in the seafood industry puts pressure on processors to lower production costs. Concerns about overfishing, bycatch, and environmental sustainability impact seafood sourcing and processing practices. Thus, the risks associated with Seafood processing equipment may drive down the acceptance rate, further hampering the seafood processing equipment market growth.
 

COVID-19 Impact

The pandemic disrupted seafood supply chains worldwide. Lockdowns, travel restrictions, and labor shortages affected the availability of seafood products for processing. Closure of restaurants, catering services, and foodservice establishments led to a decline in seafood consumption, reducing the demand for processed seafood products. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is forecast to drive the market growth.
 

Seafood processing equipment Market Trends

Increasingly sophisticated automation and robotics systems are being adopted in seafood processing. These technologies enhance efficiency, reduce labor costs, and improve product consistency. Automated filleting, sorting, and packaging systems are gaining popularity. Stringent food safety regulations are driving the demand for equipment designed with enhanced hygiene features. Manufacturers are focusing on easy-to-clean designs and materials that minimize the risk of contamination. Thus, the growing prevalence is expected to expedite the seafood processing equipment market growth.
 

Seafood processing equipment Market Analysis

Based on equipment type, the slaughtering equipment exceeded USD 0.4 billion in 2022. Demand for cutting and slicing equipment is driven by the need to efficiently process seafood, ensuring high yield and minimal wastage. Moreover, an increasing usage will further accelerate the segmental growth.
 

Based on automation level, the fully automatic segment captured around 50% of the market share in 2022 and is expected to grow at a lucrative pace by 2032. Labor shortages, particularly in regions with aging workforces, can drive the demand for fully automated seafood processing equipment. Automated systems can fill the labor gap and maintain production levels. Thus, the aforementioned factors are projected to expedite the seafood processing equipment market growth in the coming years.
 

Based on application the frozen seafood segment is set to grow at a 4.5% CAGR through 2032. Freezing and refrigeration equipment are essential for preserving seafood products while maintaining their quality. Thus, the high-quality services and growing usage of Seafood processing equipment are anticipated to expedite the business growth.
 

Based on end-use the seafood processing plants acquired a dominant market share in 2022 and is poised to grow by 2032. Large-scale commercial processors require equipment that can handle high volumes of seafood efficiently. Thus, the above-mentioned variables would augment the seafood processing equipment market growth.
 

Based on distribution channel the direct sales segment held a dominant market share in 2022 and is slated to grow by 2032. Equipment for packaging and portioning seafood products is essential for retail and supermarket operations.
 

U.S. dominated the North American region with majority market share and a revenue of USD 0.6 billion in 2022 and is estimated to expand at a significant pace from 2023 to 2032. The increasing consumption of seafood products in North America is a significant driver for seafood processing equipment. Consumers are looking for convenient and processed seafood products, such as fillets, canned seafood, and frozen items.
 

Seafood processing equipment Market Share

Some of the major market players operating in the seafood processing equipment market are:

• Marel
• JBT Corporation
•  GEA Group AG
•  The Middleby Corporation
•  John Bean Technologies (JBT)
•  Uni-Food Technic A/S
•  Baader Group
•  Skaginn 3X
•  Arenco AB
•  Optimar AS
•  Cretel NV
•  Sepamatic GmbH
•  Cabinplant A/S
•  Trifisk Manufacturing 
•  Raytec Vision S.p.A.

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Seafood processing equipment Industry News:

• In May 2021, In November 2022, Marel signed a new-3-year US$ 300 million term loan with an initial margin of 250bp on top of the Secured Overnight Funding Rate.
   
• In May 2022, World Fishing and Aquaculture launched Kinarca systems, which provide freezing at ultra-low temperatures of -60 o C.
   

This seafood processing equipment market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments:

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Market, By Equipment Type

• Slaughtering Equipment
• Smoking Equipment
• Curing and Filling Equipment
• Gutting Equipment
• Scaling Equipment
• Skinning Equipment
•  Filleting Equipment
• Deboning Equipment
• Others

Market, By Automation Level

• Manual
• Semi-Automatic
• Fully Automatic

Market, By Application

• Frozen Seafood
• Smoked Seafood
• Canned Seafood,
• Dried Seafood
• Surimi Seafood
• Others

Market, By End-use

• Seafood Processing Plants
• Restaurants & Foodservice
• Retail
• Others

Market, By Distribution Channel

• Direct Sales
• Authorized Dealers & Distributors
• E-commerce Platforms
• Specialty Equipment Retailers
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt