Fishery Machinery Manufacturing Market: Global Industry Analysis and Forecast (2024-2030)

Fishery Machinery Manufacturing Market Overview:

Fishery machinery is the machines used in various stages of the fishing process. The fishery machinery market is a vital segment of the global fishing industry and plays a crucial role in the growing demand for fish products. A comprehensive Fishery Machinery Manufacturing market report contains a set of data that focuses on a specific market segment and offers in-depth research on a specific industry or various sectors. It integrates both quantitative and qualitative analyses that forecast trends through the period 2023-2030. Key players, consumer behavior, and the economic, political, and social landscape of countries. The segmentation of the report is designed to facilitate a comprehensive assessment of the market from various perspectives

The report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments. The report helps the Aquaculture and Fishery Machinery manufacturers, new entrants, and industry chain-related companies in the market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by product type, by end users, and by regions.

Fishery Machinery Manufacturing Market Dynamics:

Driving Forces Behind the Growth of the Global Fishery Machinery Manufacturing Market

The growing aquaculture industry is driven Fishery Machinery Manufacturing Market.  International trade in fisheries and aquaculture products generates significant income and supports poverty reduction and food security, particularly for developing countries, where small-scale fishers, fish farmers, and women are strongly represented in the associated value chains.

The increasing consumer awareness about the health benefits of fish is driving the growth of the Global Fishery Machinery Manufacturing aquaculture market. Also, the development of technology contributed to the growth of the fishing market. Advanced equipment such as automated fishing vessels, remote monitoring systems, and intelligent fish handling equipment have improved efficiency and reduced labor costs. The advances have also improved the quality of products and improved the profitability of fishing industry operators.

Transformative Trends Shaping the Future of Fishery Machinery Manufacturing: Automation, Sustainability, and Technological Innovation

One of the emerging trends is the increasing adoption of advanced technology such as automation and robotics in fishery machinery, which is improving productivity and reducing operational costs. Another trend is the rising demand for fish processing machinery, driven by the growing seafood consumption globally. Additionally, there is a shift towards sustainable and environmentally friendly practices in fishing, leading to the development of eco-friendly and energy-efficient fishery machinery. There is a growing focus on data analytics and IoT integration in fishery machinery to enable efficient monitoring, tracking, and management of fishing operations. The latest trend in the market is the integration of wireless connectivity and smartphone compatibility in fishing electronics, giving anglers greater control and convenience.

Fishery Machinery Manufacturing Market Segment Analysis:

The filleting machines segment contributed the largest share in 2023 for the Fishery Machinery Manufacturing Market.  Fish filleting machines are specialized equipment used to automate the process of removing the bones and skin from fish fillets. The machines are commonly used in fish processing plants and seafood processing facilities that handle large volumes of fish. Fish filleting machines are available in different types, including manual, semi-automatic, and fully automatic machines. The utilization of fish filleting machines has introduced a paradigm shift in fish filleting practices, elevating hygiene standards and quality preservation.

The machines offer the advantage of maintaining cleanliness and eliminating human contact, effectively enhancing the desirability of filleted fish products in the market. Fish filleting machines are utilized in manufacturing facilities to streamline the fish processing process, increasing efficiency and reducing labor costs. The machines are also commonly used in restaurants to quickly and accurately fillet fish for dishes. The market is also expected to benefit from the growing aquaculture industry and rising demand for sustainable seafood. The fish filleting machines market is highly competitive and consists of several players. Some of the key players in the market include AGK Kronawitter, Baader, Josmar, Kroma AS, PERUZA Limited Liability Company, Pisces Fish Machinery Inc., Ryco, Shrimp Machine, Uni-Food Technic, and Vélfag.

Fishery Machinery Manufacturing Market Regional Insight:

Asia Pacific held the largest share of the Fishery Machinery Manufacturing Market in 2023.  The region accounts for a large share of global fish production, with countries like China, India, and Japan leading the market. The countries are investing in modernizing their fishery infrastructure and adopting advanced machinery for increased productivity. Japan is one of the most important fishery countries. China accounts for over 60 % of global aquaculture production and continues to maintain its predominance in both inland and marine aquaculture.

• In India, the Marine Products Exports Development Authority (MPEDA) has launched an initiative to develop a global positioning farm to ensure their traceability and quality control.

The Organisation of African, Caribbean, and Pacific States launched a major program, FISH4ACP, to optimize economic returns and social benefits from value chains in 12 ACP countries while minimizing detrimental effects on natural habitats, biodiversity, and aquatic resources, and tackling some of the underlying challenges in building sustainable fisheries and aquaculture sectors. The project is implemented by FAO with funding from the European Union and the German Federal Ministry for Economic Cooperation and Development.

Fishery Machinery Manufacturing Market Competitive Landscape:

1. In September 2023, according to the Sea Fish Industry Authority, a UK-based nondepartmental public body (NDPB) that supports the seafood industry, the production of aquaculture is predicated to rise to 106 million tons by 2030, represtinga 22 % total growth or about 19 million tons.
2. In December 2023, Stakeholder Foods, an lsarel-based deep-tech company, launched a 3D printed eel. 3d- printed eel is a plant – based product that replicates the texture, taste, and appearance of real eel.

Fishery Machinery Manufacturing Market Scope:

 Key Player in the Fishery Machinery Manufacturing Market

1. Skaginn 3X (Iceland)
2. Marel (Iceland)
3. Optimar (Norway)
4. Bass Pro Shops
5. Mitsubishi heavy industries, ltd
6. Marine Harvest ASA
7. Yanmar Co., Ltd
8. Palfinger AG