Fish Processing (Frozen, Preserved, Others) Market to Hit 3.8% CAGR to 2021 Led by Non-Food Segment

The fish processing market is projected to reach USD 222.71 billion in terms of value, at a CAGR of 3.8% from 2016 to 2021, and 37,194.98 KT in terms of volume by 2021, at a CAGR of 2.2% from 2016 to 2021.

The fish processing market 2021 report analyzes the fish processing market, in terms of category, species, application, source, equipment, and region. The fish processing market has grown steadily in the last few years and this trend is projected to continue until 2021. The primary factors driving the global success of this market are high nutritional profile and health benefits of fish and fish products. This market is also driven by growing aquaculture industry and increasing health consciousness

On the basis of application, the fish processing market is classified into food and non-food applications such as fish meal, fish oil, cosmetics, fertilizers, and other industrial uses.The non-food processing application segment was the fastest growing segment, growing at a rapid rate till 2021. The reasons behind the growth of this segment is the increasing demand for fish meal, fish oil, cosmetics, fertilizers, and other industrial applications.

Complete report on fish processing market spread across 167 pages, profiling 10 companies and supported with 102 tables and 60 figures is now available .

Based on sources for fish harvesting, the inland segment for the fish processing market is projected to grow at the highest CAGR of 7.1% from 2016 to 2021. Introduction of modern technologies and techniques for fishing, increased motorization of fisheries boats, and relaxation of government policies for inland fisheries have led to the growth of this market.

Dried seafood is available in many forms such as dried fish, dried oysters, dried shrimps, and dried octopus, among others that are gaining popularity in many developed regions. Smoking, both hot smoking and cold smoking of fish, has become a trend for preservation in several European countries. Surimi is a unique food made out of fish protein, popular in Asia, which is now making its way into daily diets of people across the globe. These varieties of processed fish have witnessed a steady growth in the fish processing market.

The European region has abundant processing facilities, advanced machineries, and boats, and with the increasing import of shrimp and other varieties of fish from Asian economies, there is rise witnessed in this market. Portugal witnessed the highest growth in the European region with an increase in capture and supply of turbot, oysters, clams, cod, hake, and sardine. Several European economies such as Poland, Denmark, Spain, and Portugal are dependent on fisheries as an important contributor to their GDP and are leading exporters of processed fish products to most European and North American countries.

The fish processing market is dominated by leading players such Charoen Pokphand Foods PCL (Thailand), Maruha Nichiro Corporation (Japan), Nippon Suisan Kaisha, Ltd. (Japan), Marine Harvest ASA (Norway), and Thai Union Frozen Products PLC (Thailand). Other players include Pescanova S.A. (Spain), High Liner Foods Incorporated (Canada), Royal Greenland A/S (Denmark), Leroy Seafood Group ASA (Norway), and Norway Pelagic ASA (Norway).

Ask for a discount before order a copy of Fish Processing Market by Category (Frozen, Preserved, Others), Species (Fish, Crustaceans, Mollusks, Others), Application (Food & Non-food), Source (Marine & Inland), Equipment, and by Region - Global Forecast to 2021 research report at .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (45%), Tier 2 (35%) and Tier 3 (20%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level Executives (22%), Directors (28%) and others (50%) from various key organizations operating in the fish processing market. The primary interviews were conducted worldwide covering regions such as North America (45%), Europe (25%), APAC (18%) and RoW (12%).

On a related note, another research on Aquafeed Market Global Trends & Forecasts to 2021 says, the aquafeed market, estimated at USD 90.96 billion in 2015, is projected to grow at a CAGR of 10.8% to reach USD 168.23 billion by 2021. Shrimp aquafeed accounted for the largest market share in 2015. Soybean leads the aquafeed market with the largest share of ingredients. Companies like Cargill Inc., Nutreco N.V., BioMar Group A/S, Ridley Corporation, Alltech Inc., Nutriad-Ad International N.V., Aller Aqua A/S and BIOMIN Holding GmbH have been profiled in this 178 pages research report available at

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