Fish Processing is the chemical or mechanical operations which are performed on fish for preserving or transforming. In various ways fish are processed. Gutting & cleaning is the simple processing technique which is designed for extending shelf life of fish. Fish processing is done by following steps such as firstly sorting fish by sizes, then fish are loaded into machines for removal of head, then fish are moved to cleaning machine for removal of scales, tails, and entrails, removing fins and lastly washing fish thoroughly. Fish processing activities includes, fish dressing, glazing, freezing, salting, milt processing, roe processing, smoking, etc. It also includes some additional process such as extraction of oil, meal production and packaging. Importance of fish processing has driven the market growth because it prevents wastage of fish, prolong shell-life of fish and increase the dollar reserve in country by exportation.

Fish processing is the commercial sector which provides large quantity of food for many of the countries around the world. Freezing, chilling, salting, drying, smoking, boiling, canning, marinating and fermentation are the most commonly used fish processing and preservation methods. Fish contains high amount of proteins and low amount of fat. Nutritional values of fish has boots the demand for target market growth. Fish skin are used in cosmetics as moisturizers, dressings, food supplements and other. Fish skin are used for extraction of collagen type I. Salmon, Herring and Mackerel are the fatty fish which has become excellent foods for healthy skin. However, wide applications and healthy benefits of fish has given positive impact on target market growth.

The report “Fish Processing Market By Species (Fish, Crustaceans, Mollusks, and others), By Source (Freshwater, Marine, and Inland), By Category (Frozen, Preserved, Dried, and Others), By Equipment (Slaughtering, Gutting, Scaling, Filleting, Deboning, Skinning, Curing & Smoking, and Others), By Application (Food and Non-food), By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Key Highlights:

• In November 2022, Nissui uses Gorton’s brand for selling more shrimp in US retail. Japan’s company Nippon Suisan Kaisha is rebrand as Nissui which is launching more shrimp products in United States retail under the Gorton’s brand.
• In February 2022, Leroy Seafood’s Madrid factory has set to develop new product range which will provide a platform for new several products for strengthening its position in Spain & Portugal. New product range includes cod & salmon burgers, sushi, poke bowls, noodles, fish-based ready meals with frozen salmon, traditional smoked salmon, fresh salmon, etc. The company is also increasing the production capacity for current products to extend range of products.
• In August 2020, CP Foods has launched new sustainable shrimp brand which is called as ‘CP Pacific’. CP Pacific serves healthy, tasty and eco-friendly products to Thai consumers. Sustainability and safety of food is taken into account by the company in every process. CP Foods grows its CP Pacific shrimps without using any antibiotic and processed in high biosecurity facility which help in preventing animals from external diseases. CP Pacific serves clean, healthy and disease-resistant baby shrimps which are sourced & raised according to internationally recognized practices for ensuring zero residues & minimal risk.
• In July 2019, Dongwon has launched new Tuna Fishing Vessel. The brand new tuna purse seiner is of over 73 meters with total tonnage of 1862. Jubilee boat built in Korea possess a freezing capacity of 544 M/T which can also carry a crew of 33.

Analyst View:

The key factor driving the growth of the Fish Processing market is rising awareness about benefits of sea-food consumption. Fish processing provides benefits like it reduce loss of fish, provide more shelf-life of stable product. Fish processing has potential for utilizing by-product for producing value added products and converting waste into economic & environmental gains. Fish processing and preservation techniques are needed for preventing fish spoilage & to lengthen the shelf life of fish. Fish processing and preservation techniques are designed for inhibiting the activity of spoilage bacteria & metabolic changes which result in the loss of quality of fish. Health benefits of fish consumption has driven the market growth. Fish are high in proteins and low in fats. Nutritional values of fish has boost the demand for market growth. However, rising awareness of benefits of sea-food consumption and rising demand from consumers and various industries is expected to boosts the demand for target market growth over the forecast period. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Fish Processing Market By Species (Fish, Crustaceans, Mollusks, and Others), By Source (Freshwater, Marine, and Inland), By Category (Frozen, Preserved, Dried, and Others), By Equipment (Slaughtering, Gutting, Scaling, Filleting, Deboning, Skinning, Curing & Smoking, and Others), By Application (Food and Non-food), By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

Fish Processing   Market accounted for US$ 235.7 Billion in 2024 and is estimated to be US$ 579.7 Billion by 2034 and is anticipated to register a CAGR of 10.40%. The Fish Processing Market is segmented based on Species, Source, Category, Equipment, Application, and Region.

• Based on Species, Fish Processing Market is segmented into Fish, Crustaceans, Mollusks, and others.
• Based on Source, Fish Processing Market is segmented into Freshwater, Marine, and Inland.
• Based on Category, Fish Processing Market is segmented into Frozen, Preserved, Dried, and others.
• Based on Equipment, Fish Processing Market is segmented into Slaughtering, Gutting, Scaling, Filleting, Deboning, Skinning, Curing & Smoking, and others.
• Based on Application, Fish Processing   Market is segmented into Food and Non-food.
• By Region, the Fish Processing   Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of Fish Processing Market:

The prominent players operating in the Fish Processing Market includes, Charoen Pokphand Foods PCL., Nippon Suisan Kaisha Ltd., Maruha Nichiro Corporation, Norway Pelagic ASA, Thai Union Frozen Products PLC, Leroy Seafood Group ASA, Dong Won Fisheries, High Liner Foods, Findus Group, Kverva AS, and others.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

• Explains an overview of the product portfolio, including product development, planning, and positioning
• Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
• Detailed analysis of the market revenue over the forecasted period.
• Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
• Study on the segments that are anticipated to dominate the market.
• Study on the regional analysis that is expected to register the highest growth over the forecast period

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