Global Fish Processing Market

Insights Into The Fish Processing Market’s Growth Opportunities Through 2023-2032 – Includes Fish Processing Market Strategy

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032


The growth of the aquaculture industry are expected to drive innovation in fish processing manufacturing, thus driving the market during the forecast period.


The global fish processing market is expected to grow from $202.11 billion in 2022 to $212.96 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The fish processing market size is expected to reach $252.33 billion in 2027 at a CAGR of 4.3%.


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Global Fish Processing Market Segments Include:

  • By Source:Marine, Inland
  • By Species:Fish, Crustaceans, Mollusks, Other Species
  • By Processing:Frozen, Preserved, Other Processes
  • By Application:Food, Non-food
  • By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global fish processing market in 2021.


Major Market Players in the fish processing market include Charon Pokphand Food, Royal Greenland A/S, Higher Liner Food Incorp, Leroy Seafood Group, Maruha Nichiro Corp, Nippon Suisan Kaisha Ltd., Pescanova SA.


Modern processing technology is a key trend gaining popularity in the fish processing market. Companies operating in the fish processing market are adopting a new method, such as the CARE aquaculture Model, to strengthen their position in the market. For instance, in April 2021, CP Foods (Charon Pokphand Food), a Thailand-based agro-industrial and food conglomerate company, developed a CARE model for freshwater aquaculture. It is a newly invented farming technique, which comes from C – Consumer, A- Achieve easily and consistently, R- Reliable System, and E- Environmental Friendly. The CARE model is a farming system that cares about consumers regarding food safety and the environment providing the most nutritious fish. They are fed aqua feed manufactured from carefully selected and high-quality components. This new type of farming also gives better yields of over 10 tons per rai, which is 5% cheaper than usual.


The Fish Processing Global Market Report 2023  provides a fish processing market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The fish processing market forecast analyzes fish processing market size, fish processing market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.


Fish processing comprises of processes involving fish and fish products from the point the fish was caught or harvested until the final product is delivered to the consumer. Additionally, fish processing includes any aquatic organism harvested for commercial purposes, whether obtained in wild fisheries, aquaculture, or fish farming. The method ensures that fish products are entirely safe for human consumption and that suitable hygienic conditions are maintained.


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