Frozen Food Market Size, Trend And Growth (2019 – 2026)

According to the current analysis of Reports and Data, the global Frozen Food market was valued at USD 260.8 Billion in 2018 and is expected to reach USD 366.3 Billion by year 2026, at a CAGR of 3.2%. They are preserved by a process of freezing and storing before cooking. It has a large market due to increased demand from the consumers. The freezing process helps to maintain the food in its original state till it is consumed. In this industry it involves two procedures for freezing, one is mechanical and the other one is cryogenic. The freezing process is required to safeguard the quality and its outer surface. The fast freezing helps to maintain the original cell structure of the food. Cryogenic freezing is one of the fastest process because it maintains the low fluid nitrogen temperature of around -196 degree Celsius.

The widespread adoption of frozen food amongst the consumers is its nutritious attribute. This items does not require any additional additives since microorganisms don’t develop when the temperature is beneath −9.5 °C (15 °F), which is adequate in anticipating the decay. There are few misconceptions about frozen food when compared with the packed foodstuff. The preservatives are present in packed items instead of frozen foods which are harmful to health. There are also misconceptions that freezing washes away the nutrients which is also another modern day myth. The freezing helps to cover the outer structure of the food which ultimately helps to preserve its nutrients. The rising preference for fresh and natural products is a restraining factor for this industry.

Further key findings from the report suggest

• Frozen Food industry is expected to have a CAGR of 6% in Asia Pacific followed by Europe and North America respectively. The factors such as changing lifestyles and increasing population of society are driving the growth of industry.
• As of 2018, raw stage dominated the industry which holds 41.4% of the global market. Europe is the chief revenue generating source for this product segment, followed by Asia-Pacific and North America.
• Dairy Products is expected to be the fastest growing market segment during forecast period 2019-2026 with a CAGR of 3.5%. However, the sugar and fats content which are not healthy and difficulties faced in removing such content is one of the major challenge for the industry in this segment.

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• The packaging must maintain its integrity throughout filling, sealing, freezing, storage, transportation, thawing, and often cooking. As many them are cooked in a microwave oven, manufacturers have developed packaging that can go straight from freezer to the microwave.
• Active packaging offers a host of new technologies that can actively sense and then neutralize the presence of bacteria or other harmful species. Active packaging can extend shelf-life, maintain product safety, and help preserve over a longer period of time.
• Others product type segment (that includes frozen potatoes, pizzas, snacks, ready to eat meals) was valued at USD 27.4 billion and is expected reach USD 39.05 billion by 2026
• North America is expected to account for the 28.4% of the industry. The rise in the health sector and the rise in the packaging sector especially in F&B segment is driving the growth in the US.
• The sodium content and starch content are found to be in more proportion which might have side effects that may hinder the market during the forecast period.
• Key participants includes – Nestle, ConAgra Foods Inc., Heinz, Mother Dairy, McCain Foods, Kellogg Company, Unilever, General Mills Inc., Venky’s, and Pinnacle Foods Inc.

Food and Beverage Disinfection Market Size, Trend And Growth (2019 – 2026)

According to the current analysis of Reports and Data, the global Food and Beverage Disinfection market was valued at USD 149.1 Million in 2018 and is expected to reach USD 206.4 Million by the year 2026, at a CAGR of 4.1%. Disinfection is performed to reduce or eliminate the presence of microorganisms from the surface or processing equipment surface. A surface is said to be chemically clean if it is free from microscopic residues of soil and disinfectant chemicals which is responsible for contaminating food products. Iodine, biguanide, quaternary ammonium compounds, peracetic acid, and sodium hypochlorite are commonly used compounds in the industry. Various technologies like ozonation, UV irradiation, etc. are used in the purification of water and other beverages. UV water disinfection systems are environmentally friendly, effective, economical, fast, and easy to manage. With respect to food and operative safety, cleaning and disinfection (sanitation) ranges from the cosmetic, through good housekeeping and the prevention of slips and trips, to maintaining the quality control of subsequent product batches and to the absolute practical measures for controlling the cross-contamination of allergens and pathogenic microorganisms.

Growing incidences of foodborne diseases caused by bacteria, viruses, fungi, parasites, chemicals, and radioactive substances is increasing the burden on the healthcare service providers. According to the WHO, 1 in 10 people fall ill after consuming contaminated food, and 420,000 die every year, resulting in a loss of 33 million healthy life per year. Items containing bacteria, viruses, and other contaminants cause more than 200 diseases, ranging from diarrhea to cancers.

Rising demand for minimally processed items and difficulty in maintaining process control is a major restraining factor to industry. In developed countries, there is increased demand for organic food, and shifts in food habits are causing reduced consumption of prepared food which in turn back force the F&B disinfectant market.

Further key findings from the report suggest

• In seafood Industry, ozonation is one of the popular technology used. Trihalomethanes or dioxins are harmful by-products produced when chlorine reacts with organic matter found in water. Use of ozone technology eliminates the possible formation of toxic residues. Ozone treatment is not exclusive; it can be combined with the use of hydrogen peroxide or ultraviolet radiation.
• Chlorine Dioxide is a compound used as a sanitizer to be effective against bacteria, fungi and viruses. Chlorine dioxide can also acts as an oxidizer that reacts with the proteins and fatty acids within the cell membrane, resulting in loss of permeability control and disruption of protein synthesis.
• Detergents are used to remove soil from a surface. The soil is a mixture of organic waste and bacteria that is attached to the surface of the processing equipment, floors or walls. The action of the detergent solution is to suspend this soil and bacteria mixture away from the surface and allow for it to be rinsed off to the drain.
• Disinfecting chemicals or sanitizers are registered as pesticides in U.S Environmental Protection Agency (EPA). The Disinfectants can kill a higher number of microorganisms as compared to sanitizers.

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• Health Canada has approved the sale of disinfectants for premises which contain chlorine compounds (e.g., bleach), peroxide and peroxyacid mixtures, carboxylic acids, quaternary ammonium compounds, acid anionic, and iodine compounds for use on food-contact surfaces.
• Growing concern over the development of resistance to certain therapeutic drugs has led to questions over microorganisms developing resistance to sanitizers. This may create a concern among the society about the application of sanitizers.
• The global F&B Disinfection industry is highly fragmented with major players like Evonik, Neogen Corporation, Solvay, Stepan Company, FINK TEC GmbH, Entaco, CCL Pentasol, and Xylem among others.

Digitally Printed Wallpaper Market Size, Trend And Growth (2019 – 2026)

The global digitally printed wallpaper market is forecast to reach USD 14.44 Billion by 2026, according to a new report by Reports and Data. The market is rising rapidly in the global market due to the high demand for digitally printed wallpapers in the household and hotels & resorts end-use verticals. The digitally printed wallpapers have been a trendy adoptable decorative element in luxurious amenities as well as mediocre residential premises all over the world. The demand from the customers has been propelling the market, and technological advancement of digital printing systems have been capable of serving the high requirement. Rising the hospitality industries in the developing countries has helped this market grow substantially.

The Asia Pacific region is forecasted to generate the highest revenue of USD 6.47 Billion in the year 2026, owing to its extensive market penetration coupled with the rise in disposable income in the developing economies such as India and Indonesia.

Further key findings from the report suggest

• The household segment has the most usage of the digitally printed wallpapers. People get them for their living space, drawing rooms, balconies, recreation space, dining rooms, and others. Household usage has been calculated to top in terms of market shares that is 30.6% in 2018, growing with a CAGR of 22.1% during the forecast period.
• Hotels & Resorts look for the top-notch decoration to get on to the customers’ attraction. This type of wallpapers has been the high-level design intensifier for most of the luxurious resorts and hotels. The market share is forecasted to be 24.7% by 2026, growing with the second-highest CAGR of 20.8% in the forecast period.
• Digitally printed wallpapers are often observed in various transportation source station or even in automotive. Premium class transportation media incorporates them to enrich the experience of the journey. While other purpose for using such wallpapers are to advertise different propagandas. Transportation sector had a market share of 10.6% in the year 2018 and will grow successively at a CAGR of 19.6% in the forecast period.

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• Lifestyle is calculated to grow with a CAGR of 20.2% during the forecast period and would reach a market share of 15.1% by 2026. Lifestyle wallpapers mainly aim to capture the portraits of people in different situations and real-life events in an aesthetic manner. This type of wallpaper tries to tell stories about lives which inspire people in different times and different ways. Mostly the advertisers use lifestyle wallpapers to get on to the peoples’ mind.
• Non-woven wallpapers are very renowned for its tear resistant properties, which makes it very convenient and handy for the ordinary people to place them on the walls. The market for this segment is forecasted to reach about 25.0% by 2026.
• North America is accounted to gain 19.1% of market possession by 2026 with a CAGR of 19.7% in the forecast period.
• Europe is forecasted to witness significant growth in the overall market, with 23.3% of market possession by 2026 and CAGR of 20.3% during the forecast period.
• Key participants include Graham & Brown, Flavor Paper, MX Display, Peggy-Betty Designs, The Printed Wallpaper Company, Hollywood Monster, McRobb Display Ltd, Great Wall Custom Coverings, 4walls, Color X.

Slaughtering Equipment Market Analysis, Share, Revenue And Forecast 2026

According to the current analysis of Reports and Data, the global Slaughtering Equipment market was valued at USD 6.75 Billion in 2018 and is expected to reach USD 9.48 Billion by year 2026, at a CAGR of 4.3%. Animal slaughter refers to the process of killing domestic livestock for food purposes or in case of the animal being diseased or unsuitable for consumption. The slaughtering equipment are a part of the food processing industry because they enhance meat products both qualitatively and by value. The equipment make the slaughtering process completely automated and heavily bring down the associated risks of microbial contamination in meat products. They operate at maximum efficiency, thereby assuring appropriate cuts on the animals’ bodies. There is an increasing awareness about hygiene and quality during consumption of processed meats. These factors culminate to push forwards he growth of slaughtering equipment market globally. However, a trend of people switching to complete vegetarian diet has been observed in the recent years which is driving the demand for slaughtering equipment market.

Dry conditions in some parts of the globe affect the livestock which in turn affects the overall meat processing industry as well as the slaughtering equipment market.

The slaughtering equipment market is also expanding due to the increasing demand for meat products worldwide, growing preference for processed meat and sophistication in the food industry. Scientific innovation and greater investment into food technologies is boosting the market growth further. Process automation has become a necessity for the success of this market today as it makes the process of slaughtering more efficient and less susceptible to infections. Also, it ensures standard cut-up size and identical fillet size. Mergers, acquisitions and focused investments are being witnessed and development opportunities in the emerging economies are readily being exploited by the top market players.

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Further key findings from the report suggest-

• By type, killing holds the largest share in the global slaughtering equipment market. This process is basic for the slaughter of all animals and various methods are experimented with across the globe to make the process painless for the animals.
• By automation, the semi-automated segment holds the largest share in the market. This is so because the semi-automated process requires comparatively lower maintenance and investment costs.
• Increasing awareness of importance of protein is being observed in the consumers which is triggering the growth in demand of the protein rich foods like meat. Chicken consumption is on the rise due to this reason as chicken is one of the easily and cheaply available meats globally.
• According to Meat & Livestock Australia, the demand for Beef and Chicken were the highest in the country with a market share of over 35% and 30% respectively.
• The cattle slaughter in the US is forecasted to remain high till 2020 as marketing rates find the needed support from larger feedlot inventories and strong demand.
• The huge growth in the retail food chains, flexible policies for trading meat and exhaustive use of automation for the slaughtering processes is pushing the market growth further.
• By livestock, poultry segment holds the largest market share in the global slaughtering equipment market. The proper maintenance of such equipment is crucial to meet the health standards of the industry.
• The bovine slaughter category has witnessed a relatively slower growth over the years because the segment is subjected to many religious and ethical arguments from various segments of people.
• The deboning and skinning segment, by type, is also expected to register a modest CAGR during the forecast period. This is because optimal use of the waste products of slaughtering process is becoming extremely important.
• By region, North America is the largest market for slaughtering equipment globally. This is because of the early establishment of market players in the region and an increasingly advanced food processing mechanism.
• Asia Pacific is expected to register the highest CAGR during the period of forecast. The market is growing in this region due to a dense consumer base for processed meat products and an increasing standardization of food equipment in the region. Another factor helping the growth of the region is the increasing awareness about protein consumption in countries like China and India amongst other countries. This has led to a rising demand for chicken and other types of meats in this region, thus propelling the demand for slaughtering equipment in this region.
• Key players in the market include BANSS America Corporation, BAYLE S.A, Best and Donovan, MEATEK Food Machineries India, Jarvis Equipment Pvt. Ltd., Industries Riopel Inc., Prime Equipment Group Inc., Dhopeshwar Engineering Private Limited, Marel, Baader Group, Limos

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Cheese Ingredients Market Growth and Advancement by Players to 2026

According to the current analysis of Reports and Data, the global Cheese Ingredients market was valued at USD 89.85 Billion in 2018 and is expected to reach USD 135.09 Billion by the year 2026, at a CAGR of 5.2%. Cheese is a concentrated form of milk. Cheese is available as natural and processed cheese. Some of the natural cheese are mozzarella, parmesan, cheddar, cottage cheese, etc. Natural cheese holds a significant share in the cheese ingredients market due to the rising number of health-conscious consumers. Cheddar cheese of natural cheese type is a preferred choice of consumers due to the benefits that it offers to the heart functioning, sleep patterns, bone health, etc. Other health benefits of cheese like prevention of osteoporosis, prevention of common cancer, improving dental health, healthy weight gain, an excellent source of proteins, vitamins and fats, and improving thyroid health, among others make it a preferable and healthy choice. The shelf life of cheese and higher nutritional value than milk makes it a popular dietary content.   Limited supply of calf rennet has resulted the genetic engineering of microbial chymosin by cloning calf prochymosin genes into bacteria. Bioengineered chymosin may be involved in the production of upto 70% of cheese products.

Cheese is produced mainly from cow milk, although goat milk, sheep milk, camel milk, etc. are also used. As of 2012, each person consumed about 34 pounds of cheese every year. US cheese production reached 13 billion pounds in the year 2018. North American and European countries hold a significant share in the cheese ingredients market.

Regulations regarding usage levels of certain ingredients in cheese can hamper market growth. Certain regions have strict regulations imposed on the use of particular ingredients in cheese production. This can prove to be a threat to the market. Also, rising inclination towards vegan products can hamper the growth of the market over the forecasted period.

Further key findings from the report suggest

• Cultures segment is expected to grow at a CAGR of 5.3% during the forecast period. There are two basic categories of cultures, Mesophilic and Thermophilic. Mesophilic cultures require low heat and are non-operational at higher temperatures while thermophilic cultures need high heat and will not work correctly until those temperatures are reached.
• Technological advancements in the dairy industry like chemical-free separation, ice pigging, etc. are proving to be growth drivers for cheese ingredients market. When ice is used for pigging instead of water, it results in less wastage and higher product recovery.
• Waste retrieval by activities like utilizing 100% milk is a focus of key market players. Arla Food ingredients use a milk-protein based powder for this purpose, which ensures no production of by-product or waste. Hilmar Cheese is another company that is making efforts to obtain 100% of milk-derived water and redirect it for use in irrigation and landscaping
• The natural cheese segment is a rapidly growing segment with a CAGR of 5.1 % during the forecast period; owing to rising health awareness among the people in western countries
• Genetically advanced bacteria and microorganisms, as well as genomics and proteomics, are increasingly leading to improved fermentation, and these advances are being widely accepted in the cheese ingredients market
• With an increased demand for cheese, especially in countries of North America, the cheese production protocol is changing and manufacturing time is reduced, necessitating consistency in starter activity.
• Enzymes ingredient is expected to reach a share of USD 14.45 Billion in the year 2026
• The emphasis of dairy products manufacturers on microfiltration and sustainability is another significant step positively impacting the cheese ingredients market.
• Key market players in the industry are adopting higher technologies in production, leading to improved efficiency and capacity. For instance, CSK Food Enrichment company, based in the Netherlands, is making use of state-of-the-art technology for the production of starter cultures. Starter cultures are natural bacteria that are crucial in the formation of cheese.  
• The global Cheese Ingredients market is fragmented with major players like Fonterra Co-operative Group, Koninklijke DSM N.V, Archer Daniels Midland Company, Alpura, CSK Food Enrichment, and Arla Foods among others, collectively constituting a competitive market

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Batter and Breader Premixes Market Key Manufacturers, Opportunities And Forecast To 2026

According to the current analysis of Reports and Data, the global Batter and Breader Premixes market was valued at USD 1265.2 Million in 2018 and is expected to reach USD 2058.2 Million by the year 2026, at a CAGR of 6.2 percent. Batter & breader premixes are mainly used as a coating for deep-fried foods. Foods that are prepared with these coatings are light, crisp, and flavorful. They bestow flavor, texture, and color to meat products and enhance the overall cooking process. Batters are an intrinsic part of coating systems, formulated to work with other components such as Marinades, Predusts, Breadings or Seasoning Blends. This ensures the consistent, superior taste, texture, appearance, and aroma of products.

The batter and breader premixes are driven by the rise in consumption of meat, fish, seafood, and poultry. Moreover, an increase in demand for ready-to-cook meals and processed meat products among consumers has also contributed to the batter and breader premixes market growth. Furthermore, an increase in the adoption of fast food culture coupled with the rise in the number of fast-food outlets and quick-service restaurants around the globe augment the growth of the market. However, fluctuating prices of raw materials being used to manufacture batter and breader hinder the growth of the market and act as the major restraint for this industry. Furthermore, this industry players focus on new and innovative products catering consumers ever-changing needs, pertaining to increase in adoption of a healthy lifestyle, which in turn increases the demand for better-quality products with extra nutritional benefits among the consumers. Therefore, the introduction of new products such as gluten and Genetically Modified Organism (GMO) free batter and breader premixes is expected to provide lucrative opportunities for market growth.

Batter and Breader Premixes Market

Volatile raw materials costs are anticipated to be the key restraint for this market growth during the forecast period from 2019 to 2026.

Further key findings from the report suggest

• The beer batter segment is expected to hold a share of 25.0 % in the year 2026
• Meat, poultry, seafood, vegetables, and other organic substrates vary largely in their moisture level, fat, and protein content. Changes in the degree of denaturisation, surface irregularities, and variations in the expansion and type of protein also sometimes occur.
• These products help offset the effects of processing variables such as line speed, age, and brand of processing machinery, water quality, set-up time, the method of reconstitution used and the amount of breading pick-up. They help increase yields and also provide a way to differentiate products based on flavor, texture, and appearance.
• Bread crumbs provide a more crunchy layer of coating to the final product. Rising demand for this type of breader premix in many meat applications like fish fingers, mini fillets, chicken nuggets, and pork escalopes will be the major factor for the growth of the segment over the forecasted period of 2019 to 2026.
• It also includes customized thin clear coat, translucent batters which form a shell around the product providing maximum texture with minimum pick-up and still allows the substrate to be seen.
• From all the applications, batter premixes had the largest share in the market. The segment is forecasted to retain its large share in the market through the forecasted period.
• Other functional premixes are available which address issues like crumb retention, oil pick-up, and product integrity in the hot display cabinet.
• North American region is forecasted to occupy the largest share in the market on account of presence of large number of end users in the region.
• The global market is highly fragmented with major players like Kerry (Ireland), Bunge Limited (US), Associated British Food (UK), Showa Sangyo (Japan), McCormick & Company (US), Euroma (Netherlands), Newly Weds Foods (US), Coalescence (US), House-Autry Mills (US), and Lily River Foods (US) among others that collectively constitute a competitive market.

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Plant-based Meat Market Research Report To Share, Insights And Dynamics To 2019-2026

According to the current analysis of Reports and Data, the global Plant-based Meat Market was valued at USD 10.10 Billion in 2018 and is expected to reach USD 30.92 Billion by the year 2026, at a CAGR of 14.8%. Plant-based meat products are products that are made to mimic the properties of animal meat but are comparatively healthier and environmentally friendly.  These are produced to resemble the look, smell, and taste of animal meat. However, producing them is difficult owing to the molecular complexity of animal meat. These products play a crucial role in curbing the problem of obesity prevalence in urban regions. Due to increased disposable income, raised standard of living and inclination towards fast-foods, the health of the overall population is deteriorating. Animal meat consists of fats, carbohydrates, proteins, cholesterol, and assorted proteins. Excess consumption of animal meat makes it difficult to maintain a healthy weight which can result in overweight or obesity. According to the National Institute of Health, an estimated 300,000 deaths occur every year due to overweight and obesity.  Obesity can lead to various health issues like increased risk of heart disease and diabetes; increase the death risk, increased risk of cancer and foodborne illness. Additionally, excess consumption of meat causes an imbalance in the ecosystem as a higher number of animals are killed for human consumption. According to a report, 56 billion land animals are killed every year for meeting the demand for meat while above 9 billion animals being slaughter every year in the United States alone. The United States Department of Agriculture revealed around 9.59 billion land animals were slaughter for human consumption in the year 2018. Moreover, a detailed study by Counting Animals stated that 3.8 billion finned fish and 43.1 billion shellfish were slaughtered to support the United States food supply in 2013.

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Further key findings from the report suggest

• This industry is growing at a CAGR of 15.9% in the Asia Pacific followed by North America and Europe, with 14.6% and 14.4% CAGR, respectively. North America and Europe contributed about 2/3rd of the total industry during the forecast period.
• As of 2018, the Soy source type segment is the dominating sub-segment which holds 324% of the global market by 2026. North American regional market is the chief revenue-generating source for this product segment, followed by Europe and Asia-Pacific regions.
• According to the Food revolution Organization report, published in 2018, the number of vegetarians in the United States has increased by 600% from the past 3 years. This is expected to drive the demand for this industry.
• An increase in sedentary work, relaxed lifestyle and increased automation has led to a substantial decrease in the physical movement of the people thus aggregating the process of gaining weight.
• Furthermore, economic development, a rise in the standard of living of the population and an increasing proportion of the young population has led to an increase in the inclination towards fast-food, eventually adding to the obesity among the population.
• However, protein formed from plants cannot be readily absorbed by the body as compared to animal-based protein. Hence, the consumption of such a diet must be increased to compensate for the low absorption of proteins.
• Nestle launched a new burger called ‘Incredible Burger’ which was sold in McDonald’s outlets in Germany in the year 2017. The burger was launched after research and development done for about three years to create it.
• Key participants include Impossible Foods (US), Garden Protein International (US), Beyond Meat (US)Bristol-Myers Squibb, Morningstar Farms (US), Amy’s Kitchen (US), Quorn Foods (UK), Maple Leaf Foods (Canada), Tofurky (US), The Vegetarian Butcher (The Netherlands), Sunfed (New Zealand), VBites (UK), Gold&Green Foods (US).

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For the purpose of this report, Reports and Data has segmented the Plant-based Meat market on the basis of source type, product type, storage technique type, end use, and region:

Source Type (Revenue, USD Million; 2016–2026)

• Soy
• Wheat
• Peas
• Gluten-based
• Others

Product Type (Revenue, USD Million; 2016–2026)

• Tofu
• Tempeh
• Seitan
• Mushrooms
• Others

Storage technique Type (Revenue, USD Million; 2016–2026)

• Frozen
• Refrigerated
• Shelf-Stable
• Others

End Use (Revenue, USD Million; 2016–2026)

• Food Industry
• Households
• HoReCa
• Others

Regional Outlook (Revenue in USD Million; 2016–2026)

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• UK
• Spain
• Italy
• Rest of the Europe
• Asia Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
• Middle East & Africa
• Latin America
• Brazil

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Processed Seafood & Seafood Processing Equipment Market Future Forecast Indicates Impressive Growth Rate By 2026

According to the current analysis of Reports and Data, the global Processed Seafood & Seafood Processing Equipment market was valued at USD 1.4 Billion in 2018 and is expected to reach USD 2.18 Billion by the year 2026, at a CAGR of 5.7%. Seafood comprises of all bony fishes, mollusks and shellfishes. Millions of people across the globe depend on these as their primary nutrient source. Health benefits provided by these foods are the major reason for their increasing demand. It is a good source of protein and contains less fat as compared to other animal protein sources. It is highly beneficial for heart patients on account of its low cholesterol. Additionally, it contains essential vitamins necessary for human bodies such as vitamin B, iodine, zinc, and potassium. A rise in disposable income has led to high demand for these products in developing economies.  Growing heart diseases and cholesterol has urged people to shift to more nutritious and healthy products for consumption. Moreover, increasing awareness regarding the benefits of aquatic food items coupled with the introduction of new processing techniques is expected to drive the industry for processed seafood equipment. Increasing investments and expansion of the seafood processing industry is expected to drive the growth for processed seafood market. For example, on April 23, 2018, Hofseth Aalesund AS announced about its investment plans in BAADER, one of the leading food processing companies; this investment is expected to expand the production capacity of the fillet.

The major industrial players are adopting various strategies like expansion, partnerships, mergers & acquisitions, the launch of new product and adoption of advanced technologies to sustain in the competitive environment. For instance, on December 27, 2017, Thai Union launched its Fishing Vessel Improvement Program and Vessel Code of Conduct (VCoC) to offer clear guidance to the fishing vessel. The market for aquaculture food items equipment is propelled by a growing population, increasing demand for aquaculture food items, the emergence of new entrants and changing lifestyle and taste preferences of the population. However, strict government regulations regarding fishing activities, environmental concerns, and high setup cost are expected to hinder the market growth of this processed aquaculture food items market.

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Further key findings from the report suggest

• This sector converts the whole fish or shellfish caught by the fishermen or produced through aquaculture operations into consumable items that are sold in the retail stores and restaurants.
• This industry is growing at a CAGR of 6.2% in the Asia Pacific followed by Europe and North America, with 5.5% and 5.4% CAGR, respectively. High demand for processed and canned aquatic food products due to the changing lifestyle coupled with increasing health concerns is expected to drive the growth for seafood processing equipment.
• As of 2018, the Fish product segment is the dominating sub-segment in the Seafood Processing Equipment which holds 44.1% of the global market. Asian Pacific regional market is the chief revenue-generating source for this product segment, followed by Europe and North America regions.
• The commercial segment consumed by Americans primarily came from three major different sources: U.S. commercial fisheries, U.S. aquaculture production, or imports brought into the U.S. from other countries.
• Around 50% of the fish caught in the U.S regions were from the Pacific Ocean within the Alaska region and consisted of Pacific cod, flounders, hake, ocean perch, Alaska pollock, and rockfishes.
• Consumers in the U.S. spend around two-thirds of their annual expenditure on buying aquaculture food substances either from the retail stores, in restaurants or other types of foodservice businesses.
• According to the Seafood Health Facts organization, the total value of imported edible and non-edible fish products was USD 38.4 billion in 2017, an increase of USD 2.5 billion (7.0%) was observed as compared to the imports of 2016.
• Key participants include Middleby Corporation (US), GEA Group (Germany), John Bean Technologies Corporation (US), The BAADER-Group (Germany), Grieg Seafood, Skaginn 3X (Iceland), Guolian Aquatic Products, Zhengda Food Machinery Co. Ltd (China), Marine Harvest and Thai Union Frozen Products.

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For the purpose of this report, Reports and Data has segmented the Processed Seafood & Seafood Processing Equipment market on the basis of type, equipment type, product type, end use, and region:

Type (Revenue, USD Million; 2016–2026)

• Fish
• Crustaceans
• Mollusks
• Others

Equipment Type (Revenue, USD Million; 2016–2026)

• Slaughtering
• Gutting
• Scaling
• Filleting
• Others

Product Type (Revenue, USD Million; 2016–2026)

• Frozen
• Smoked
• Canned
• Dried
• Others

End Use (Revenue, USD Million; 2016–2026)

• Hypermarkets
• Supermarkets
• Food Specialty Stores
• Convenient Stores
• Others

Regional Outlook (Revenue in USD Million; 2016–2026)

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• UK
• Spain
• Italy
• Rest of the Europe
• Asia Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
• Middle East & Africa
• Latin America
• Brazil

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