Global fish processing equipment market to grow at a CAGR of 4.11% during the period 2018-2022.
The latest trend gaining momentum in the market is expansion of fish processing plants. Fish processing companies are looking at increasing their production capacities to diversify into new markets and raise their sales and profits. For instance, Primex introduced its plan to set up a new whitefish processing plant in Myre, Norway. This new plant will have equipment for pre-trimming, raw material grading, and portioning.
According to the report, one of the major drivers for this market is growing focus towards preventing fish products from deterioration. Fish processing helps in reducing the rate of spoilage and the adoption of processing techniques such as heat treatment, temperature reduction, and controlling water content assist in preserving fish. With the rising techniques towards the prevention of fish products from deterioration, the demand for various types of fish processing equipment will increase in the coming years.