The market is showcasing evident potential in the mentioned forecasting period to reach USD 220.28 billion

Hyderabad, India -- (SBWire) -- 02/19/2018 --Market Data Forecast has announced the addition of the "Fish Processing Market By Fish Processing Category (Frozen, Preserved And Others) By Application (Food, Non-Food) By Source (Marine And Inland) By Species (Fish, Crustaceans, Mollusks And Others) By Equipment (Slaughtering, Gutting, Scaling, Filleting, Deboning, Skinning, Smoking And Others) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)" report to their offering. The Global Fish Processing Market was priced USD 183.24 billion in 2016 and calculable to be growing at a CAGR of 3.75%, to achieve USD 220.28 billion by 2021, within the mentioned forecast period. Fish processing is the process which starts with the catching of fishes and ends at final shipping to customers. Some of the popular fish processes used for fish preservation are surimi, curing, salting, drying, and smoking.

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The global Fish Processing Market is principally driven by factors like increasing demand for fish products, introduction of modern techniques, high nutritional content of the fish, development in the ways of packing and protecting the fish, Growing health considerations, government support for fishing activities and aquaculture business and usage of fish oils in preparation of medicines.
However, more consumption of one particular species is making them extinct, and fishing regulations are impeding the growth of the fish processing market.

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The fragmentation of global fish processing market is done on the basis of category, species, application, equipment, and source. On the idea of the source, the Global Fish Processing Market is bifurcated into Marine and Inland. On the source of Equipment, the worldwide fish processing market is classified as Deboning, Slaughtering, Smoking, Gutting, Skinning, Scaling, Filleting and others. On the origin of Fish Processing Category, the market is divided into Frozen, Preserved and others. On the base of Application, the worldwide fish processing market is segregated into Food and Non-Food. On the root of Species, the market is categorized as Fish, Crustaceans, Mollusks, and Others. The food section leads the market under the segmentation on the premise of application because of increased inclusion of fish in people's diets. The fish harvested from marine sources lead the market because of the event of latest techniques for fishing.

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On the theory of geographical analysis, the worldwide fish processing market is classified into varied regions namely Middle East, North America, Europe, Latin America, and Asia-Pacific, Africa. The Fish process market was dominated by Europe, with the biggest market share globally. Asia-Pacific region was followed by Europe and North America. The Asia Pacific is expected to grow at a fast pace within the coming back few years.

Some of the prominent firms dominating the market are Royal Greenland A/S (Denmark), Charoen Pokphand Foods PCL (Thailand), Maruha Nichiro Corporation (Japan), Norway Pelagic ASA, and Pescanova S.A. (Spain).

Scope of the report

The report offers a comprehensive analysis of the industry by providing the estimations of market
potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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