The fish processing market is projected to reach USD 222.71 Billion in terms of value by 2021, at a CAGR of 3.8% from 2016 to 2021, and is projected to reach 37,194.98 KT in terms of volume by 2021, at a CAGR of 2.2%. The objectives of the study is to define, segment, and measure the fish processing market with respect to categories, species, sources, applications, equipment, and key regional markets. They also include major factors influencing the growth of the market, strategically analyze the micromarkets, analyze opportunities for stakeholders, provide details of competitive landscape, and strategically profile the key players with respect to their market share and core competencies.
The years considered for the study are:
- Base Year — 2015
- Estimated Year — 2016
- Projected Year — 2021
- Forecast Period — 2016 to 2021
This report includes estimations of market sizes for value (USD billion) and volume (kilo tons). Both top-down and bottom-up approaches have been used to estimate and validate the size of the fish processing market and to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market share in respective regions has been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources.
Market Ecosystem:
The various contributors involved in the value chain of fish processing include harvesters, fish sourcing suppliers, fish processors, manufacturers, logistics & distribution, marketing & sales, and end-use industries. Fish processors and manufacturers use their R&D facilities to develop a new variety or improved version of existing fish by using advanced technology to make value additions. Handling of the fish both pre- and post-processing impacts the quality of the product which then goes to the final customers. Maximum value addition of a product in the food & beverages industry is observed in the stages of fish procurement, processing, and packaging. Processed fish is used in various food applications and finds use in non-food industries such as fish meal, fish oil, cosmetics, and fertilizers.
The market is dominated by key players such as 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).
Food&farming 