Categories: Food & Beverages

Global Fish Processing Market Size and Forecast 2023-2032| Charon Pokphand Food, Royal Greenland A/S, Higher Liner Food Incorp, Leroy Seafood Group, Maruha Nichiro Corp,

The Fish Processing Global Market Report 2023 by The Business Research Company, provides fish processing market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/fish-processing-global-market-report

According to The Business Research Company’s Fish Processing Global Market Report 2023, the market size 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the fish processing market size is expected to reach $252.33 billion in 2027 at a CAGR of 4.3%.

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

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The fish processing market is segmented:

1) By Source: Marine, Inland

2) By Species: Fish, Crustaceans, Mollusks, Other Species

3) By Processing: Frozen, Preserved, Other Processes

4) By Application: Food, Non-food”

The fish processing market report table of contents includes:

1. Executive Summary

2. Fish Processing Market Characteristics

3. Fish Processing Market Trends And Strategies

4. Fish Processing Market – Macro Economic Scenario