[FURL=https://www.industryarc.com/Research/Fish-Processing-Market-Research-504885]Fish Processing Market[/FURL] size is estimated to be 178.9 Million in 2019, growing at a CAGR of 3.6% during the forecast period 2020-2025. Fish processing refers to the process associated with the fish and fish products between the time when fish are caught or harvested, and the time the final product is delivered to the customer. Moreover, the basic procedures used in the final processing of fish products are heating, freezing, controlling water activity (by drying or adding chemicals) and irradiating. All these products increase the shelf life of fish by inhibiting the mechanism that promote spoilage and degradation. Each of these procedures also has an effect on the nutritional properties of final product. Rising awareness of marine-food health benefits and the nutritional values associated with it are the key factors contributing to its market growth. In addition, government initiatives for supporting aquaculture industry is further propelling its demand. For instance, the U.S. Department of Commerce National Oceanic and Atmospheric Administration is responsible for the management of the nation’s fishery resources in the U.S. territorial waters and also operates a voluntary seafood inspection and grading program.Key Takeaways
Frozen held the major market share in 2019, owing to its convenience and instant cooking attributes to the highest popularity of fish products among the consumers.
Fish segment held the largest market share in the year 2019 owing to the rising fish consumption along with the growing demand of low-fat and high-quality protein is anticipated to trigger the market growth.
APAC contributed to the largest market share of more than 37% owing to the presence of large dominant players in the region including Charoen Pokphand Foods and PR Fish Company.
Increasing health benefits from fish is a major factor driving the Fish Processing Market during the forecast period 2020-2025.
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Geography- Segment Analysis
APAC contributed to the largest market share of more than 37% owing to the presence of large dominant players in the region including Charoen Pokphand Foods and PR Fish Company. Moreover, Seasaga Group is the largest and oldest frozen seafood processing and exporting companies in India. North America Fish Processing market is another dominant market owing to the presence of Tulip Group Inc.,
Drivers – Fish Processing Market
Increasing Health Benefits from Fish :
Government Stringent Regulation for Protecting Marine Species :
Fish Processing Market Industry Outlook : Fish Processing Market top 10 companies are Charoen Pokphand Food pcl, Higher Liner Food Incorporated, Leroy Seafood Group Asa, Marine Harvest Asa, Maruha Nichiro Corporation, Nippon Suisan Kaisha Ltd, Pelagic Asa, Pesconova SA, Royal Greenland A/S and Thai Union Frozen Product Public Company Limited.
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