Global seafood processing equipment market has been gaining importance mainly on account of the growing labor cost in the industry. Additionally, the long replacement life of the advanced seafood processing equipment and higher productivity has proven to be a major factor driving the demand over the past few years. As seafood is highly perishable, the central purpose of processing is to prevent them from deteriorating, as a result proper equipment choice is essential for processing of seafood. Several equipment processing companies are focusing on developing electronic scales, computer vision technology, automatic skimming and other advanced processing equipment. This trend may be attributed to escalating processed seafood demand coupled with high consumption in most of the mature economies. Conventionally, seafood processing methods were majorly dependent on salting and drying techniques which are now being substituted by mechanized methods which has further reduced labor intensive work and promoted safety in the processing industry.
Seafood processing equipment are commercially available in various forms depending on procedures including slaughter, gutting, scaling, filtering, curing & smoking, deboning and skimming machines. Other significant process equipment includes freezing equipment. Freezing procedure has been gaining importance as a major preservation technique. This is expected to increase market penetration of fish freezing equipment in the forecast period. On the basis of various techniques, seafood processing equipment market has been segmented into water activity control, microbial control and oxygen balance. The end-use industries have been directing on providing good quality finished products owing to shifting consumer preference towards healthy and longer shelf life seafood. This is further expected to result in high seafood processing equipment demand over the next few years. Additionally, major market participants have been replacing conventional machines with automated equipment in order to improvise the aesthetics of finished products. Technological advancements coupled with new product development are anticipated to foster seafood processing equipment market growth over the forecast period.
High equipment cost along with associated raw material handling cost is major factor restraining market growth. Furthermore, the complexity involved in handling the apparatus as compared to the traditional manual methods can impede the penetration of seafood processing equipment market in emerging economies such as China, India and Brazil. Lack of awareness of the general seafood processing machinery such as exhaust boxes, brining machines and retorting systems in these regions is also expected to hinder seafood processing equipment demand adversely. Stoppage in assembly lines and slowing down of automated equipment’s during bulk processing of seafood are also some of the issues that may negatively impact seafood processing equipment market growth over the foreseeable future.
Various government regulations such as Procedures for Safe and Sanitary Processing by and The Domestic Fish and Fishery Products Compliance Program by FDA have imposed stringent inspection standards on seafood trade. This has led to an increasing pressure on the seafood equipment processing industry to adhere to various strict regulation. Such factors have also led to drive the demand of advanced seafood processing equipment such as pre cookers and filling machines over the forecast period.
North America and Europe are the major seafood processing equipment regional markets globally. European market is expected to lose share to high growth economies of Asia Pacific and Latin America on account of high level of maturity and stagnant demand from end-use industries in the region. Seafood processing equipment demand from other regions such as Asia Pacific and Latin America is likely to increase on account of rising disposable income coupled with changing consumer preference towards processed seafood particularly in emerging economies such as India and China.
With the intensifying consumer willingness to pay for value-added seafood products, the market is likely to observe significant growth in the future. Key players in the seafood processing equipment market include Marel, GEA Group and Manitowoc Company, Inc. Leading companies in the industry are leveraging their ground-breaking competences and customer relations to increase market share.
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