Fish Processing Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Fish Processing Market is segmented By Type (Frozen, Preserved, Others), By Species (Fish, Crustaceans, Molluscs, Others), By Geography (North America....
Fish Processing Market Size
Market Size in USD
CAGR5.9%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 5.9% |
| Market Concentration | Medium |
| Major Players | Alpha Ocean Resources Berhad, Kyokuyo Co., Ltd., Trident Seafoods, American Seafoods Group, LLC, Mowi ASA |
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Fish Processing Market Analysis
The global fish processing market is estimated to be valued at USD 391.1 Bn in 2024 and is expected to reach USD 690.3 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031. As the demand for seafood rises globally driven by population growth, urbanization and rising incomes, the need to process bulk catches efficiently and safely will drive the expansion of this industry to meet supply.
The market is witnessing rising popularity of ready-to-eat seafood products owing to busier lifestyles and preference for convenience. Furthermore, increasing health consciousness is boosting demand for protein-rich fish and other seafood. Advancements in processing technologies to improve yields, productivity and food safety standards while reducing environmental impact will be crucial for players looking to tap growing opportunities in this space over the coming years.