HOME Top Market Reports Processed Seafood & Seafood Processing Equipment Market by Types (Crustaceans, Fish, Molluscs, Others), by Product Types (Frozen, Smoked, Canned, Dried, Surimi, Others), by Equipment Types & by Geography - Global Trends & Forecasts to 2018

Processed Seafood & Seafood Processing Equipment Market by Types (Crustaceans, Fish, Molluscs, Others), by Product Types (Frozen, Smoked, Canned, Dried, Surimi, Others), by Equipment Types & by Geography - Global Trends & Forecasts to 2018

By: marketsandmarkets.com
Publishing Date: February 2014
Report Code: FB 2223

 

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The principal factor escalating the growth of the processed seafood market is the changing lifestyle patterns and demographics of the seafood consumers worldwide. People have become more prone to the consumption of products that would supply them health benefits. This report estimates the market size of the global market in terms of value. Fish, mollusks 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, the report is segmented into North America, Asia-Pacific, Europe, and Rest of the World (ROW). With the rising keenness for value-added seafood products, the market is likely to observe significant growth in the future.

Seafood processing equipment forms an essential segment of the global market as it assists in the production of quality processed seafood products of improved taste and longer shelf-life. Proper practice of the seafood processing equipment is used to deliver the most favorable taste, color, and it also helps in increasing the shelf life of the products. Due to the advancements in the technology and innovation, the seafood processing equipment market is set to exhibit rapid gains in the near future.

The companies that enjoy considerable market share for processed seafood are Thai Union Frozen Products (Thailand), Marine Harvest ASA (Norway), Grupo Pescanova (Spain), and others. The seafood 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)

Seafood Processing Equipment Market

Source: MarketsandMarkets Analysis

The figure above shows the growth trend of the seafood type market value from 2013 to 2018. The market of seafood type is projected to grow at a CAGR of 4.1% from 2013 to 2018. Fish is expected to dominate the market in terms of market value and is estimated to grow at a modest pace. Crustaceans are projected to show rapid growth in the coming years. Other category accounts for a very low share and are expected to grow at a meager pace in the future.

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

  • Crustaceans
  • Fish Molluscs
  • Others

By Product Type

  • Frozen
  • Smoked
  • Canned
  • Dried
  • Surimi
  • Others

By Equipment Type

  • Slaughter Machines
  • Gutting Machines
  • Scaling Machines
  • Filleting Machines
  • Deboning Machines
  • Skinning Machines
  • Curing & Smoking Machines
  • Others

By Geography

  • Asia-Pacific
  • Europe
  • North America
  • Rest of the World

Customization Options:

Company-specific needs can be met by the customization option offered by the MnM assessment. The report can be customized to provide an in-depth analysis and exhaustive industry information for the following considerations:

Industry Analysis

  • Investigation of price trends of processed seafood in the industry (historical prices and % change in prices)
  • Analysis on demand of processed seafood and shift in preferences from unprocessed to processed
  • Trend analysis of rising demand of processed seafood due to increase in disposable income

Globalization & Trends

  • Key success factors for the processed seafood industry
  • Cost structure benchmarks for the processed seafood and seafood processing equipment industry
  • Equipment benchmarking on parameters such as priceandtechnical standards

Key Statistics

  • Industry Data: Related Industries (Processed Meat Industry, Processed Poultry Industry)
  • Industry Data: Related Industries (Meat Processing Equipment Industry, Poultry Processing Equipment Industry)

Competitive Intelligence

  • Detailed analysis of the value chain &supply chain, including distribution channel analysis
  • Popularprocessed seafood products of leading companies (High Liner Foods Inc., Iglo Group Ltd., and Marine Harvest ASA) in the market
  • Supply chain mapping of top players in the processed seafood market (High Liner Foods Inc., Iglo Group Ltd., and Marine Harvest ASA)

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Table Of Contents
 
1 Introduction (Page No. - 19)
   1.1 Key Take-Aways
   1.2 Report Description
   1.3 Markets Covered
   1.4 Research Methodology
       1.4.1 Market Size Estimation
       1.4.2 Assumptions Made for This Report
       1.4.3 Key Questions Answered

2 Executive Summary (Page No. - 27)

3 Premium Insights: Processed Seafoods & Seafood Processing Equipment Market (Page No. - 28)
   3.1 Processed Seafood Market Segmentation
   3.2 Drivers & Restraints
   3.3 Processed Seafoods Market, By Region
   3.4 Industry Life Cycle, By Geography
   3.5 North America: Processed Seafood Market, By Country
   3.6 Processed Seafoods Market, By Seafood Type
   3.7 Processed Seafood Market, By Product Type
   3.8 Maximum Developments in 2012
   3.9 Seafood Processing Equipment: Market Segmentation
       3.9.1 Industry Life Cycle, By Geography
       3.9.2 Seafood Processing Equipment Market, By Region
       3.9.3 Seafood Processing Equipment Market, By Type
   3.10 2011 – A Year of Favorable Headway

4 Market Overview: Processed Seafood (Page No. - 41)
   4.1 Introduction
   4.2 Seafood Market
   4.3 Winning Imperative
       4.3.1 Investments in R&D
   4.4 Burning Issue
       4.4.1 Food Safety
   4.5 Market Dynamics
       4.5.1 Drivers
             4.5.1.1 Demographic and Lifestyle Trends
             4.5.1.2 Increasing Health Consciousness
             4.5.1.3 Development of The Retail Industry in Apac and ROW
             4.5.1.4 Growth in Aquaculture Industry
       4.5.2 Restraint
             4.5.2.1 Increasing Cost of Raw Material
       4.5.3 Opportunity
             4.5.3.1 Value Added Products
   4.6 Porter's Five forces Analysis
       4.6.1 Bargaining Power of Suppliers
       4.6.2 Bargaining Power of Buyers
       4.6.3 Threat of New Entrants
       4.6.4 Threat of Substitutes
       4.6.5 Degree of Competition
   4.7 Market Share Analysis

5 Seafood Processing Equipment, Market Overview (Page No. - 55)
   5.1 Introduction
   5.2 Winning Imperatives
       5.2.1 Investment in R&D
       5.2.2 Acquisitions By Major Manufacturers
   5.3 Market Dynamics
       5.3.1 Drivers
             5.3.1.1 Growing Demand for Processed Seafood
             5.3.1.2 Increasing Cost of Labor
       5.3.2 Restraint
             5.3.2.1 Long Replacement Life
       5.3.3 Opportunity
             5.3.3.1 New Target Market: Asia-Pacific & ROW
   5.4 Porter’s Five Forces Analysis
       5.4.1 Bargaining Power of Supplier
       5.4.2 Bargaining Power of Buyers
       5.4.3 Threat of New Entrants
       5.4.4 Threat of Substitutes
       5.4.5 Degree of Competition
   5.5 Market Share Analysis

6 Processed Seafood Market, By Type (Page No. - 65)
   6.1 Introduction
   6.2 Processed Crustaceans
   6.3 Processed Fish
   6.4 Processed Molluscs
   6.5 Other Processed Seafoods

7 Processed Seafood Market, By Product (Page No. - 76)
   7.1 Introduction
   7.2 Frozen Seafood
   7.3 Smoked Seafood
   7.4 Canned Seafood
   7.5 Dried Seafood
   7.6 Surimi Seafood
   7.7 Others

8 Processed Seafoods Market, By Geography (Page No. - 87)
   8.1 Introduction
   8.2 North America
       8.2.1 U.S.
       8.2.2 Canada
       8.2.3 Mexico
   8.3 Europe: Safety on Priority
       8.3.1 U.K.: Growth Continues
       8.3.2 Spain
       8.3.3 France
       8.3.4 Germany: Rising Consumer Concerns
       8.3.5 Italy
       8.3.6 Poland
       8.3.7 Portugal
       8.3.8 Others
   8.4 Asia-Pacific: Rapidly Embracing Processed Seafood
       8.4.1 China: Dominant Market
       8.4.2 Japan
       8.4.3 India: A Promising Market Hub
       8.4.4 South Korea
       8.4.5 Australia
       8.4.6 Thailand
       8.4.7 Vietnam
       8.4.8 Rest of Asia-Pacific: A New Battle Ground
   8.5 Rest of The World: A Possible Game Changer
       8.5.1 Brazil: Positive Approach Towards Processed Seafood
       8.5.2 Argentina
       8.5.3 South Africa
       8.5.4 Chile: Going Strong
       8.5.5 Egypt
       8.5.6 Others: The Final Frontier

9 Seafood Processing Equipment Market, By Type (Page No. - 133)
   9.1 Introduction
   9.2 Slaughtering Equipment
   9.3 Gutting Equipment
   9.4 Scaling Equipment
   9.5 Filleting Equipment
   9.6 Deboning Equipment
   9.7 Skinning Equipment
   9.8 Smoking and Curing Equipment
   9.9 Other Equipment

10 Seafood Processing Equipment Market, By Geography (Page No. - 148)
   10.1 Introduction
   10.2 North America
        10.2.1 U.S.
        10.2.2 Canada
        10.2.3 Mexico
   10.3 Europe
        10.3.1 U.K.
        10.3.2 Spain
        10.3.3 France
        10.3.4 Germany
        10.3.5 Italy
        10.3.6 Poland
        10.3.7 Portugal
        10.3.8 Rest of Europe
   10.4 Asia-Pacific
        10.4.1 China
        10.4.2 Japan
        10.4.3 South Korea
        10.4.4 India
        10.4.5 Australia
        10.4.6 Thailand
        10.4.7 Vietnam
        10.4.8 Rest of Asia-Pacific
   10.5 ROW
        10.5.1 Brazil
        10.5.2 Argentina
        10.5.3 South Africa
        10.5.4 Egypt
        10.5.5 Rest of ROW

11 Processed Seafood: Competitive Landscape (Page No. - 193)
   11.1 Introduction
   11.2 New Product Launch: Most Preferred Strategic Approach
   11.3 Maximum Developments in 2012
   11.4 Marine Harvest Asa: Most Active Company

12 Processed Seafood: Company Profiles (Page No. - 203)
   12.1 High Liner Foods Inc.
        12.1.1 Overview
        12.1.2 Products & Services
        12.1.3 Strategy & Insights
        12.1.4 Developments
        12.1.5 SWOT Analysis
        12.1.6 MNM View
   12.2 Iglo Group Ltd.
        12.2.1 Overview
        12.2.2 Products & Services
        12.2.3 Strategy & Insights
        12.2.4 Developments
        12.2.5 SWOT Analysis
        12.2.6 MNM View
   12.3 Marine Harvest Asa
        12.3.1 Overview
        12.3.2 Products & Services
        12.3.3 Strategy & Insights
        12.3.4 Developments
   12.4 Grupo Pescanova
        12.4.1 Overview
        12.4.2 Products & Services
        12.4.3 Strategy & Insights
        12.4.4 Developments
        12.4.5 SWOT Analysis
        12.4.6 MNM View
   12.5 Thai Union Frozen Products Plc
        12.5.1 Overview
        12.5.2 Products & Services
        12.5.3 Strategy & Insights
        12.5.4 Developments

13 Sea Food Processing Equipment: Competitive Landscape (Page No. - 225)
   13.1 Introduction
   13.2 Acquisitions: Most Preferred Strategic Approach
   13.3 Maximum Developments in 2011
   13.4 Middleby Corp.: Most Active Company

14 Sea Food Processing Equipment: Company Profiles (Page No. - 235)
   14.1 GEA Group
        14.1.1 Overview
        14.1.2 Products & Services
        14.1.3 Strategy
        14.1.4 Developments
        14.1.5 SWOT Analysis
        14.1.6 MNM View
   14.2 JBT Corporation
        14.2.1 Overview
        14.2.2 Products & Services
        14.2.3 Strategy & Insights
        14.2.4 Developments
   14.3 Key Technologies
        14.3.1 Overview
        14.3.2 Products & Services
        14.3.3 Strategy & Insights
        14.3.4 Developments
   14.4 Marel Group
        14.4.1 Overview
        14.4.2 Products & Services
        14.4.3 Strategy
        14.4.4 Developments
   14.5 Middleby Corporation
        14.5.1 Overview
        14.5.2 Products & Services
        14.5.3 Strategy & Insights
        14.5.4 Developments
        14.5.5 SWOT Analysis
        14.5.6 MNM View


List of Tables (102 Tables)

Table 1 Population Trend, 2010–2017 (in Thousands)
Table 2 Processed Seafood: Market Value, By Type, 2011-2018 ($Million)
Table 3 Processed Crustacean: Market Value, By Geography, 2011-2018 ($Million)
Table 4 Processed Crustacean: Market Value, By Type, 2011-2018 ($Million)
Table 5 Processed Fish: Market Value, By Geography, 2011-2018 ($Million)
Table 6 Processed Fish: Market Value, By Type, 2011-2018 ($Million)
Table 7 Processed Molluscs: Market Value , By Geography, 2011-2018 ($Million)
Table 8 Processed Molluscs: Market Value, By Type, 2011-2018 ($Million)
Table 9 Other Processed Seafood: Market Value, By Region, 2011-2018 ($Million)
Table 10 Processed Seafood: Market Value, By Product Type, 2011-2018 ($Million)
Table 11 Frozen Seafood: Market Value, By Geography, 2011-2018 ($Million)
Table 12 Smoked Seafood: Market Value, By Geography, 2011-2018 ($Million)
Table 13 Canned Seafood: Market Value, By Geography, 2011-2018 ($Million)
Table 14 Dried Seafood: Market Value, By Geography, 2011-2018 ($Million)
Table 15 Surimi Seafood: Market Value, By Geography, 2011-2018 ($Million)
Table 16 Other Processed Seafood: Market Value, By Geography, 2011-2018 ($Million)
Table 17 Processed Seafoods: Market Value, By Geography, 2011-2018 ($Million)
Table 18 North America: Processed Seafood Market Value, By Country, 2011-2018 ($Million)
Table 19 U.S: Processed Seafoods Market Value, By Type, 2011-2018 ($Million)
Table 20 Canada: Processed Seafood Market Value, By Type, 2011-2018 ($Million)
Table 21 Mexico: Processed Seafoods Market Value, By Type, 2011-2018 ($Million)
Table 22 Europe: Processed Seafood Market Value, By Country, 2011-2018 ($Million)
Table 23 U.K.: Processed Seafoods Market Value, By Type, 2011-2018 ($Million)
Table 24 Spain: Processed Seafoods Market Value, By Type, 2011-2018 ($Million)
Table 25 France: Processed Seafoods Market Value, By Type, 2011-2018 ($Million)
Table 26 Germany: Processed Seafood Market Value, By Type, 2011-2018 ($Million)
Table 27 Italy: Processed Seafoods Market Value, By Type, 2011-2018 ($Million)
Table 28 Poland: Processed Seafoods Market Value, By Type, 2011-2018 ($Million)
Table 29 Portugal: Processed Seafood Market Value, By Type, 2011-2018 ($Million)
Table 30 Others: Processed Seafoods Market Value, By Type, 2011-2018 ($Million)
Table 31 Asia-Pacific: Processed Seafood Market Value, By Country, 2011-2018($Million)
Table 32 China: Processed Seafood Market Value, By Type, 2011-2018 ($Million)
Table 33 Japan: Processed Seafoods Market Value, By Type, 2011-2018 ($Million)
Table 34 India: Processed Seafood Market Value, By Type, 2011-2018 ($Million)
Table 35 South Korea: Processed Seafood Market Value, By Type, 2011-2018 ($Million)
Table 36 Australia: Processed Seafoods Market Value, By Type, 2011-2018 ($Million)
Table 37 Thailand: Processed Seafoods Market Value, By Type, 2011-2018 ($Million)
Table 38 Vietnam: Processed Seafood Market Value, By Type, 2011-2018 ($Million)
Table 39 Others: Processed Seafood Market Value, By Type, 2011-2018 ($Million)
Table 40 ROW: Processed Seafood Market Value, By Country, 2011-2018 ($Million)
Table 41 Brazil: Processed Seafoods Market Value, By Type, 2011-2018 ($Million)
Table 42 Argentina: Processed Seafood Market Value, By Type, 2011–2018 ($Million)
Table 43 South Africa: Processed Seafood Market Value, By Type, 2011-2018 ($Million)
Table 44 Chile: Processed Seafoods Market Value, By Type, 2011-2018 ($Million)
Table 45 Egypt: Processed Seafood Market Value, By Type, 2011-2018 ($Million)
Table 46 Others: Processed Seafood Market Revenue, By Type, 2011-2018 ($Million)
Table 47 Seafood Processing Equipment: Market Value, By Type, 2011–2018 ($Million)
Table 48 Slaughtering Equipment: Market Value, By Region, 2011-2018 ($Million)
Table 49 Gutting Equipment: Market Value, By Region, 2011-2018 ($Million)
Table 50 Scaling Equipment: Market Value, By Region, 2011-2018 ($Million)
Table 51 Filleting Machine: Market Value, By Region, 2011-2018 ($Million)
Table 52 Deboning Equipment: Market Value, By Region, 2011-2018 ($Million)
Table 53 Skinning Equipment: Market Value, By Region, 2011-2018 ($Million)
Table 54 Smoking & Curing Equipment: Market Value, By Region, 2011-2018 ($Million)
Table 55 Other Equipment: Market Value, By Region, 2011-2018 ($Million)
Table 56 Seafood Processing Equipment: Market Value, By Geography, 2011-2018 ($Million)
Table 57 North America: Seafood Processing Equipment Market Value, By Country, 2011-2018 ($Million)
Table 58 U.S.: Seafood Processing Equipment Market Value, By Type, 2011-2018 ($Million)
Table 59 Canada: Seafood Processing Equipment Market Value, By Type, 2011-2018 ($Million)
Table 60 Mexico: Seafood Processing Equipment Market Value, By Type, 2011-2018 ($Million)
Table 61 Europe: Seafood Processing Equipment Market Value By Country, 2011-2018 ($Million)
Table 62 U.K.: Seafood Processing Equipment Market Value, By Type, 2011-2018 ($Million)
Table 63 Spain: Seafood Processing Equipment Market Value, By Type, 2011-2018 ($Million)
Table 64 France: Seafood Processing Equipment Market Value, By Type, 2011 2018 ($Million)
Table 65 Germany: Seafood Processing Equipment Market Value, By Type, 2011-2018 ($Million)
Table 66 Italy: Seafood Processing Equipment Market Value, By Type, 2011-2018 ($Million)
Table 67 Poland: Seafood Processing Equipment Market Value, By Type, 2011-2018 ($Million)
Table 68 Portugal: Seafood Processing Equipment Market Value, By Type, 2011-2018 ($Million)
Table 69 Rest of Europe: Seafood Processing Equipment Market Value, By Type, 2011-2018 ($Million)
Table 70 Asia-Pacific: Seafood Processing Equipment Market Value, By Country, 2011-2018 ($Million)
Table 71 China: Seafood Processing Equipment Market Value, By Type, 2011-2018 ($Million)
Table 72 Japan: Seafood Processing Equipment Market Value, By Type, 2011-2018 ($Million)
Table 73 South Korea: Seafood Processing Equipment Market Value, By Type, 2011-2018 ($Million)
Table 74 India: Seafood Processing Equipment Market Value, By Type, 2011-2018 ($Million)
Table 75 Australia: Seafood Processing Equipment Market Value, By Type, 2011-2018 ($Million)
Table 76 Thailand: Seafood Processing Equipment Market Value, By Type, 2011-2018 ($Million)
Table 77 Vietnam: Seafood Processing Equipment Market Value, By Type, 2011-2018 ($Million)
Table 78 Rest of Asia-Pacific: Seafood Processing Equipment Market Value, By Type, 2011-2018 ($Million)
Table 79 ROW: Seafood Processing Equipment Market Value, By Country, 2011-2018 ($Million)
Table 80 Brazil: Seafood Processing Equipment Market Value, By Type, 2011-2018 ($Million)
Table 81 Argentina: Seafood Processing Equipment Market Value, By Type, 2011-2018 ($Million)
Table 82 South Africa: Seafood Processing Equipment Market Value, By Type, 2011-2018 ($Million)
Table 83 Egypt: Seafood Processing Equipment Market Value, By Type, 2011-2018 ($Million)
Table 84 ROW: Seafood Processing Equipment Market Value, By Type, 2011-2018 ($Million)
Table 85 Acquisitions & Mergers, 2010-2013
Table 86 New Product Launches, 2011-2013
Table 87 Expansions, 2011-2012
Table 88 Joint Ventures & Divestments, 2012-2013
Table 89 High Liner Foods Inc.: Products & Their Descriptions
Table 90 Iglo Group: Products & Their Descriptions
Table 91 Marine Harvest Asa: Products & Their Descriptions
Table 92 Pescanova: Products & Their Descriptions
Table 93 Thai Union Frozen Products Plc: Products & Their Descriptions
Table 94 Acquisitions & Mergers, 2009-2013
Table 95 New Product Launches, 2012-2013
Table 96 Expansions, 2011-2013
Table 97 Agreements & Divestments, 2010-2013
Table 98 GEA Group: Products & Their Descriptions
Table 99 JBT: Products & Their Descriptions
Table 100 Key Technologies: Products & Their Descriptions
Table 101 Marel Group: Products & Their Descriptions
Table 102 Midddleby: Products & Their Descriptions


List of Figures (29 Figures)

Figure 1 Market Segmentation of Processed Seafood
Figure 2 Market Segmentation of Seafood Processing Equpment
Figure 3 Research Methodology
Figure 4 Processed Seafoods: Market Segmentation
Figure 5 Processed Seafood Market: Drivers & Restraints
Figure 6 Processed Seafood Market, By Region, 2012-2018 ($Million)
Figure 7 Life Cycle for Processed Seafood Market, By Geography, 2011-2012
Figure 8 North America: Processed Seafood Market, By Country, 2012-2018 ($Million)
Figure 9 Processed Seafood Market, By Seafood Type, 2012-2018 ($Million)
Figure 10 Processed Seafood Market, By Product Type, 2012-2018 ($Million)
Figure 11 Processed Seafoods: Market Developments, 2009-2013
Figure 12 Seafood Processing Equipment: Market Segmentation
Figure 13 Life Cycle for Seafood Processing Equipment Market, By Geography, 2011-2012
Figure 14 Seafood Processing Equipment Market, By Region, 2012
Figure 15 Seafood Processing Equipment Market Value, By Type, 2013-2018 ($Million)
Figure 16 Seafood Processing Equipment: Market Developments, 2009-2013
Figure 17 Processed Meat: Market Share Analysis, By Company, 2012
Figure 18 Seafood Processing Equipment: Market Share Analysis, By Company, 2012
Figure 19 Processed Seafoods: Market Share, By Growth Strategy, 2009-2013
Figure 20 Processed Seafood: Market Developments, 2009-2013
Figure 21 Processed Seafoods: Market Share, By Company, 2012
Figure 22 High Liner Foods Inc: SWOT Analysis
Figure 23 Iglo Group: SWOT Analysis
Figure 24 Pescanova: SWOT Analysis
Figure 25 Seafood Processing Equipment: Market Share, By Growth Strategy, 2009-2013
Figure 26 Seafood Processing Equipment: Market Developments, 2009-2013
Figure 27 Seafood Processing Equipment: Market Share, By Company, 2012
Figure 28 GEA Group: SWOT Analysis
Figure 29 Middleby Corp: SWOT Analysis 

The market of processed seafood is estimated to reach $211,210.7 million by 2018, with a projected CAGR of 4.1% from 2013 to 2018. On the other hand, the seafood processing equipment market is expected to grow at a CAGR of 3.8% from 2013 to 2018 to reach $1,469.5 million by 2018.

Processing of seafood is a method to add value to the seafood so that it becomes convenient for the seafood consumers to cook and eat. With the various developments in the food industry, the ready-to-cook products have gained acceptance by a large population around the world. Processing of seafood involves cutting, gutting, cleaning, and other functions which aid in improving the taste, color, and nutritional factors of the seafood. Processing will also help in preserving the seafood, which is otherwise highly perishable and improving its shelf-life.

To provide the consumers with healthy seafood products, various machineries are required to process them. Various processes like cleaning, scaling, smoking, deheading, and so on, are involved in processed seafood. Processors must make an appropriate choice of the equipment that is used for processing seafood.

Processed Seafood Market, by Product Type, 2011-2018 ($Million)

Seafood Processing Equipment Market

e- Estimated, p- Projected

Source: MarketsandMarkets Analysis

The market value of the global market by product type was $165,592.1 million in 2012 and is anticipated to be $211,210.7 million by 2018. The products are exhibiting an optimistic growth, majorly driven by the changing lifestyles of the population and growth in the aquaculture industry. Shift in the consumers’ preferences have led to a rise in the demand for such processed seafood products. They come under convenience food, which has made cooking for the seafood consumers easy and quick.

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