Growth of global aquaculture market has been one of the major factors driving the demand for fishery machinery market. Consumers are increasingly adding fish to their diet owing to numerous nutritional benefits offered by fish. Fishes are rich in protein and contain omega 3 fatty acids which help in lowering blood pressure.
Growing demand for omega 3 fatty acids around the world has also been contributing to the growth of global fish market which further has been driving the demand for fish processing machineries. The growing awareness about health benefits offered by omega 3 fatty acids via fish is expected to prompt the increasing use of fishery machineries over the next decade. China is one of the fastest growing markets for fishery machinery owing to increasing government initiatives to promote industrialization. In addition, Chinese fish consumption is also on a surge on account of increasing disposable income level and growing heath concerns amongst the Chinese consumers. However, demographic factor in some of the countries where fish is not popular has been hampering the market for fishery machinery manufacturing.
Fishery machinery which is widely used can be classified as elevators & hoppers, feeders, head cutting machines, filleting machines and skinning machines among some other fishery machineries. Latin America is one of the fastest growing markets for fishery machinery owing to rising disposable income level mainly in the emerging economies of Brazil and Argentina. Fishery machinery manufacturers from the West have been shifting or opening up their manufacturing bases to Asia Pacific countries such as China and Indonesia owing to low labor cost associated in manufacturing machineries in these regions. In addition, this strategy to shift will also enables producers to get into close proximity to the emerging markets of Asia Pacific.
This report, by Grand View Research, takes a closer look at the fishery machinery manufacturing industry, providing a holistic perspective on market dynamics, trends, supply and demand. The report deep-dives into the market and segments it on multiple levels and providing key insights on a macro as well as micro level. The study aims at providing granular information, regarding estimates and forecasts for key products including elevators & hoppers, feeders, head cutting machines, filleting machines and skinning machines among some other fishery machineries. The report also provides the same level of information for key regional markets.
This research report analyzes various factors which has been driving and inhibiting the global fishery machinery manufacturing market in the past. In addition, the report analyzes the impact of each driver and restraint on the market growth, which forms the base for market forecast. The report also showcases the opportunities available in the market which may act as future drivers for the market.
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