Global Fish Processing Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

• In October 2023, Maruha Nichiro Corporation announced the merger of its subsidiaries, Maruha Nichiro Retail Service Co., Ltd. and Marine Access Corporation.

• In June 2023, Royal Greenland revealed plans to build a new fish processing factory in Tasiilaq. This facility is expected to play a vital role in advancing the fish industry and creating job opportunities and business prospects in East Greenland.

• In May 2023, Maruha Nichiro Corporation initiated a strategic alliance with its group companies and partner organizations in China. The collaboration focuses on the development, manufacturing, and trading of nursing care food menu items in the Chinese market.

The global fish processing market is experiencing robust growth driven by increasing demand for processed seafood products worldwide. Factors such as rising consumer preference for convenience foods, expanding middle-class population, and growing awareness regarding the health benefits of seafood consumption are key drivers. Fish processing involves various stages such as filleting, freezing, curing, and packaging, which enhance the shelf life and marketability of fish products. Key players in the market are focusing on technological advancements to improve processing efficiency and meet stringent quality standards.

The market can be segmented based on product type into fish fillets, fish meal, fish oil, surimi, and others. Fish fillets segment holds a significant share owing to high consumer preference for ready-to-cook and ready-to-eat seafood products. Fish meal and fish oil are primarily used in animal feed and nutraceuticals, driving demand from aquaculture and dietary supplement industries. Surimi, a minced fish product, is widely used in seafood processing for making imitation crab and other seafood analogs, further boosting market growth.

Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominates the global fish processing market, attributed to the region's extensive seafood production and consumption. Countries like China, India, Japan, and Thailand are major contributors, leveraging their coastal resources for fish processing activities. North America and Europe follow, driven by high per capita seafood consumption and stringent food safety regulations that ensure product quality and hygiene standards in processing facilities.

Emerging trends include the adoption of automation and robotics in fish processing facilities to enhance productivity and reduce labor costs. Sustainable practices such as responsible sourcing of seafood, eco-friendly packaging, and waste reduction are gaining traction among consumers and manufacturers alike. However, the market faces challenges such as regulatory complexities, fluctuating raw material prices, and environmental concerns related to overfishing and seafood sustainability. Overcoming these challenges requires collaborative efforts across the seafood supply chain to ensure long-term viability and profitability in the global fish processing market.

Global Fish Processing Segment Analysis

In this report, the Global Fish Processing Market has been segmented by Category, Application, Sources, Species, Equipment and Geography.

Global Fish Processing Market, Segmentation by Category

The Global Fish Processing Market has been segmented by Category into Frozen and Preserved.

Frozen Fish products represent a significant segment of the market, characterized by the process of chilling fish to below 0°C to maintain its freshness and extend its shelf life. This category includes a range of products such as frozen fillets, whole fish, and seafood blends. The primary advantage of frozen fish is that it retains the nutritional quality and flavor of the fish while being stored for extended periods. This segment is driven by the growing demand for convenience foods, the need for long-term storage solutions, and the increasing popularity of seafood dishes in various cuisines worldwide.

Preserved Fish products encompass methods like salting, smoking, drying, and canning to extend the shelf life of fish. These techniques not only enhance the durability of fish products but also contribute to the unique flavors and textures sought by consumers. Salting and smoking are traditional methods that are gaining renewed interest for their artisanal qualities and distinct taste profiles. Additionally, canned fish products offer a convenient and long-lasting option for consumers, which is beneficial for both domestic and commercial use.

Global Fish Processing Market, Segmentation by Application

The Global Fish Processing Market has been segmented by Application into Food and Non-food.

The Food segment dominates the global fish processing market, encompassing a wide range of products designed for direct human consumption. This includes processed fish products like frozen fish, canned fish, smoked fish, and fish fillets. The increasing demand for seafood due to its high nutritional value and the rising popularity of seafood cuisines globally are significant drivers for this segment. Additionally, advancements in processing technologies and the growing trend of convenience foods contribute to the expansion of the food application segment. Consumer preferences for healthy and protein-rich diets also fuel the demand for various fish-based food products.

The Non-Food segment includes products derived from fish that are not intended for human consumption. This segment covers a range of uses such as fish meal, fish oil, and fish-based pharmaceuticals. Fish meal is used primarily in animal feed for livestock and aquaculture, while fish oil is utilized in dietary supplements and as a source of omega-3 fatty acids. The non-food application segment benefits from increasing awareness about the health benefits of fish-derived supplements and the expanding aquaculture industry. Moreover, the growth in the pet food industry and the use of fish oil in various industrial applications drive the demand in this segment.

Global Fish Processing Market, Segmentation by Sources

The Global Fish Processing Market has been segmented by Sources into Marine and Inland.

Marine Fish Processing involves the harvesting and processing of fish from the ocean. This segment is the largest in the global fish processing market due to the vast and diverse marine ecosystem that provides a significant portion of the world’s fish supply. Marine fish processing includes a range of activities such as fishing, sorting, cleaning, filleting, and packaging fish for consumption or further processing. The marine segment is driven by the high demand for fish products such as seafood, fishmeal, and fish oil. Innovations in marine technology and advancements in sustainable fishing practices are also key factors influencing this segment's growth.

Inland Fish Processing focuses on fish harvested from freshwater sources like lakes, rivers, and ponds. Although this segment is smaller compared to marine fish processing, it plays a crucial role in regional fish supply chains, especially in landlocked countries and areas with significant freshwater resources. Inland fish processing includes the cultivation of fish through aquaculture as well as the processing of wild-caught freshwater fish. The growth of this segment is fueled by increasing investments in aquaculture technologies, the rise in freshwater fish farming practices, and the growing awareness of the benefits of freshwater fish as a protein source.

Global Fish Processing Market, Segmentation by Species

The Global Fish Processing Market has been segmented by Species into Fish, Crustaceans and Mollusks.

Fish is the largest segment in the global fish processing market, encompassing a wide range of species such as salmon, tuna, cod, and haddock. This segment dominates due to the high demand for fish products worldwide, driven by their nutritional value and culinary versatility. Fish processing methods include filleting, freezing, canning, and smoking, which cater to both domestic and international markets. Innovations in fish processing technologies, such as advanced freezing techniques and improved packaging solutions, continue to drive growth in this segment. The increasing popularity of ready-to-eat and convenience food products has further fueled the demand for processed fish.

Crustaceans, including shrimp, crabs, and lobsters, represent a significant segment of the fish processing market. This segment is characterized by specialized processing techniques, such as peeling, deveining, and cooking, to meet the specific requirements of crustacean products. The high market value of crustaceans and their popularity in global cuisines contribute to the growth of this segment. Advances in crustacean processing technologies, such as enhanced freezing methods and improved preservation techniques, are helping to maintain product quality and extend shelf life, which supports the segment’s expansion.

Mollusks, including species like oysters, clams, and squid, form a distinct segment within the fish processing market. Mollusk processing involves various techniques, including cleaning, shucking, and packaging, to deliver fresh or processed products to consumers. The market for mollusks is driven by their diverse culinary uses and the growing consumer preference for seafood. Technological advancements in mollusk processing, such as automated shucking machines and advanced refrigeration systems, are enhancing efficiency and product quality. The segment benefits from a trend toward sustainable seafood practices and the increasing demand for gourmet seafood products.

Global Fish Processing Market, Segmentation by Equipment

The Global Fish Processing Market has been segmented by Equipment into Slaughtering, Gutting, Scaling, Filleting, Deboning, Skinning and Curing & Smokin.

Slaughtering equipment plays a crucial role in the initial stages of fish processing. This segment includes machines and systems designed for the humane and efficient killing of fish. Innovations in slaughtering technology focus on improving operational efficiency, ensuring hygiene, and enhancing the quality of the final product. As the demand for fresh and high-quality fish products grows, sophisticated slaughtering equipment that integrates automation and advanced monitoring systems is becoming more prevalent.

Following slaughtering, the gutting process is essential for preparing fish for further processing. Gutting equipment is used to remove internal organs and clean the fish, which is a critical step to ensure product safety and quality. This segment encompasses a variety of machines and tools designed to handle different species of fish and achieve optimal gutting efficiency. As the industry evolves, there is a growing emphasis on equipment that can process fish quickly while minimizing waste and maintaining hygiene standards.

The scaling segment of the fish processing market involves equipment used to remove scales from fish. Scaling equipment ranges from manual tools to advanced automated machines that can handle large volumes of fish. The choice of scaling equipment often depends on the scale of operations and the specific requirements of the fish species being processed. Innovations in this segment focus on improving the effectiveness of scaling processes and reducing the labor required for fish processing operations.

Filleting, deboning, and skinning are subsequent stages that involve equipment for preparing fish for final sale or further processing. Filleting equipment separates fish flesh from the bones, deboning machines remove bones from fillets, and skinning equipment removes fish skin. These processes require precision and efficiency to produce high-quality products for consumers. Curing and smoking equipment, another vital segment, focuses on preserving fish and adding flavors through various techniques. This equipment supports the production of specialty fish products and caters to a diverse range of consumer preferences.

Global Fish Processing Market, Segmentation by Geography

In this report, the Global Fish Processing Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Fish Processing Market Share (%), by Geographical Region, 2024

In North America, the fish processing market is driven by increasing consumer demand for healthy and protein-rich food options. The United States and Canada are the major contributors to the market in this region. A significant focus on sustainability and traceability is evident, with stringent regulations governing fishing practices and seafood safety. Additionally, the growth of the foodservice industry and rising popularity of seafood-based dishes contribute to the market expansion. Companies are investing in advanced processing technologies to meet the growing demand for high-quality and value-added fish products.

Europe's fish processing market is characterized by a well-established industry with a diverse range of fish products. The market is driven by both domestic consumption and export opportunities. Countries like Norway, Iceland, and the United Kingdom are major players, known for their advanced processing technologies and high-quality seafood. The European market emphasizes sustainability, with numerous initiatives aimed at reducing overfishing and promoting eco-friendly practices. The demand for processed fish products is supported by a strong retail sector and a growing preference for convenience foods among European consumers.

The Asia Pacific region exhibits rapid growth in the fish processing market, driven by high fish consumption rates and increasing urbanization. Major countries like China, Japan, and India are significant contributors to the market. The region is characterized by a diverse fish processing sector, including both traditional methods and modern technologies. There is a strong focus on expanding processing capacities to meet the increasing demand for seafood, both domestically and for export markets. The rise in disposable incomes and changing dietary preferences towards protein-rich foods further fuel market growth.

In the Middle East and Africa, the fish processing market is expanding due to rising consumer awareness of the health benefits of seafood and increasing investments in the seafood industry. The market is driven by both local consumption and export opportunities. Key players in the region are investing in modern processing facilities and improving supply chain efficiencies to meet the growing demand. Despite challenges such as limited fishing resources and infrastructural constraints, there is a notable trend towards enhancing fish processing capabilities and expanding market reach.

Latin America’s fish processing market is experiencing growth due to the region's abundant marine resources and increasing demand for processed fish products. Countries like Chile, Peru, and Brazil are leading the market with significant fish processing activities and a focus on exporting seafood to global markets. The industry is supported by favorable climatic conditions for fishing and a well-established seafood supply chain. The growing awareness of the nutritional benefits of fish and efforts to enhance processing technologies contribute to the market's expansion in Latin America.

This report provides an in depth analysis of various factors that impact the dynamics of Global Fish Processing Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers

• Rising seafood consumption globally
• Technological advancements in processing
• Growing demand for healthy food

• Increasing export opportunities: The global fish processing market is experiencing significant growth driven by increasing export opportunities. As consumer demand for seafood continues to rise, particularly in emerging economies, fish processing companies are seizing the opportunity to expand their market reach. Countries with abundant fish resources are leveraging these assets to boost their export activities, aiming to meet the increasing global appetite for seafood products. This trend is supported by advancements in processing technologies and increased investment in cold chain infrastructure, which enable processors to maintain product quality and extend shelf life, making their products more attractive in international markets.

  One of the key factors contributing to the expansion of export opportunities in the fish processing market is the growing popularity of fish as a source of high-quality protein. With health-conscious consumers increasingly seeking sustainable and nutritious food options, fish and seafood products have become a staple in diets around the world. This shift in consumer preferences is encouraging fish processing companies to focus on export markets where the demand for seafood is surging. Additionally, trade agreements and international partnerships are playing a pivotal role in opening new markets and facilitating smoother export processes, thereby allowing fish processing firms to reach a broader global audience.

  The expansion of export opportunities is also supported by innovative approaches in fish processing and packaging. Companies are investing in advanced technologies to improve processing efficiency, enhance product quality, and meet international food safety standards. Innovations such as vacuum packaging, freeze-drying, and value-added products are helping fish processors to offer a diverse range of products to international buyers. Furthermore, the development of sustainable fishing practices and eco-label certifications is aligning with global trends towards environmental responsibility, which is becoming a key selling point in export markets. As these trends continue, the global fish processing market is poised for sustained growth and increased export success.

Restraints

• Environmental regulations and policies
• High processing and operational costs
• Supply chain disruptions

• Resource depletion and sustainability concerns: The global fish processing market faces significant challenges related to resource depletion and sustainability concerns. Overfishing is a critical issue, with many fish populations declining due to unsustainable fishing practices. The demand for fish products often exceeds the natural replenishment rates of fish stocks, leading to the exhaustion of key marine resources. Overfishing disrupts marine ecosystems, affecting not only fish populations but also the health of the entire oceanic environment. As a result, there is a growing need for regulatory measures and sustainable fishing practices to ensure that fish resources can meet future demands without causing long-term environmental damage.

  In response to these concerns, the fish processing industry is increasingly focusing on sustainable practices to mitigate resource depletion. This includes the adoption of responsible fishing techniques, such as quota systems, marine protected areas, and the use of more selective fishing gear to minimize bycatch. Additionally, there is a push towards the development and promotion of aquaculture as a more sustainable alternative to wild-caught fish. Aquaculture, when managed correctly, can reduce pressure on wild fish stocks and provide a stable supply of fish products. However, it also presents its own set of challenges, such as the potential for pollution and the spread of diseases among farmed fish.

  The sustainability of the fish processing market also hinges on consumer awareness and demand for eco-friendly products. There is a growing trend among consumers towards products that are certified by organizations like the Marine Stewardship Council (MSC) or the Aquaculture Stewardship Council (ASC). These certifications ensure that fish products are sourced from fisheries and farms that adhere to strict environmental and ethical standards. By aligning with these certifications, companies in the fish processing market can demonstrate their commitment to sustainability and address resource depletion concerns, ultimately contributing to the long-term health of marine environments and the fish processing industry.

Opportunities

• Expansion in emerging markets
• Innovative processing technologies
• Increased consumer health awareness

• Sustainable and eco-friendly practices: The global fish processing market is increasingly adopting sustainable and eco-friendly practices to address environmental concerns and meet consumer demand for responsibly sourced seafood. As the demand for fish and seafood products continues to grow, there is a significant shift towards practices that reduce the environmental impact of fish processing. Key practices include the implementation of energy-efficient technologies, reduction of waste through recycling and upcycling, and the adoption of sustainable sourcing practices. By focusing on these areas, the industry aims to minimize its carbon footprint and promote the health of aquatic ecosystems.

  One of the primary sustainable practices in the fish processing industry is the use of energy-efficient equipment and technologies. Processing facilities are investing in state-of-the-art machinery that consumes less energy and reduces greenhouse gas emissions. Additionally, the adoption of renewable energy sources, such as solar and wind power, is becoming more prevalent. These measures not only help to lower operational costs but also contribute to the overall reduction of the industry’s environmental impact. Companies are also working on improving the efficiency of their supply chains to further reduce their carbon footprint.

  Another crucial aspect of sustainability in the fish processing market is the focus on responsible sourcing and reducing waste. Many companies are now certified by sustainability organizations, ensuring that their fish is sourced from fisheries that adhere to best practices for marine conservation. Furthermore, there is a growing emphasis on reducing waste through innovative technologies that convert by-products into valuable materials. For example, fish bones and heads are being used to produce fish meal or fish oil, which can be used in animal feed or as a dietary supplement. These practices not only support environmental sustainability but also drive economic benefits for the industry.

Key players in Global Fish Processing Market include:

• Maruha Nichiro Corporation
• Nippon Suisan Kaisha, Ltd
• Thai Union Group
• Austevoll Seafood ASA
• New Zealand King Salmon Co. Ltd
• Sanderson Farms, Inc
• Mowi ASA
• High Liner Foods Inc
• Stolt-Nielsen Limited
• Young’s Seafood Limited

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis