Boston, MA -- (ReleaseWire) -- 02/27/2014 -- It is not at all a wise option to keep fish and seafood for long without refrigeration. Hence to preserve such products, processing is required. Various types of methods for processing seafood are adopted. The process of freezing is considered as a major method for processing seafood. The processing method of seafood differs from country to country and even from region to region also. The major drivingefactor of the processed seafood market is the changing lifestyle and demographics of the seafood consumers all over the world. People have become more inclinedtothe consumption of products provide them health benefits. This report estimates the market size of the processed seafood market in terms of value. Fish, molluscs and crustaceans are the major types of seafood. Frozen products, dried products, smoked, canned and surimi form the chief product types of the processed seafood. In terms of geography, North America, Asia-Pacific, Europe, and Rest of the World (ROW), represents the major segments. With the rising keenness for value-added seafood products, the market is likely to observe significant growth in the future.
Seafood processing equipment is a very important section of the processed seafood market.The various equipment assists in the production of good quality of processed seafood products forimproved taste and longer shelf-life. Proper practice of these processing equipment helps to deliver better taste, color, and also increases the shelf life of the products. With many advancements in the technology and innovation, the seafood processing equipment is set to exhibit rapid gains in the near future.
The companies that enjoy substantial market share for processed seafood are Thai Union Frozen Products (Thailand), Marine Harvest ASA (Norway), Grupo Pescanova (Spain), and others.Theseafood processing equipment companies that have major market shares are Marel (Iceland), GEA (Germany), Manitowoc Company, Inc. (U.S.), and others.. The existing dominant players are leveraging their innovative capabilities and customer relations to increase acceptance by major industry players.
PROCESSED SEAFOOD MARKET, BY SEAFOOD TYPE, 2012 VS 2018 ($MILLION)
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Source: MarketsandMarkets Analysis
The global processed seafood market is projected to grow at a CAGR of 4.1% from 2013 to 2018. The figure above shows the growth trend of the processed seafood market size of various regions for the period under consideration. Asia-Pacific is expected to dominate the market and is estimated to grow at a modest pace. Europe falls on the second position, followed by the ROW segment.
1.1 SCOPE OF THE REPORT
The Processed Seafood and Seafood Processing Equipment market is analyzed in terms of revenue ($million) by the below mentioned classification.
By Seafood Type
- Fish Molluscs
By Product Type
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