Fishery Machinery Market Growth Opportunities, Key Players, and Business Strategies

The global fishery machinery market is expected to display higher growth rate in the upcoming years. Rapid surge in the market is credited to the rising preference towards fish diet and increasing fishing activities across the globe. Rise in the number of health trends associated with high protein diet, particularly among young population is expected to drive the growth of fishery machinery market over the forecast period. Globally, market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of fishery machineries.

Use of fishery machines to aggravate fish harvesting has become latest market trend, which is propelling the demand for fishery machinery over the past few years. Fishery machinery facilitates simple and effective process for fish breeding. The fishery machinery is primarily categorized into commercial and recreational machinery. Commercial machinery is adopted for mass harvesting of fishes.

Rising fish consummation, particularly in the coastal area, due to their high nutritional content, easy availability and integration into various ethnic dishes are expected to fuel the growth of fishery machinery market over the forecast period. Fish has large protein and omega 3 fatty acids content, which is useful for lowering blood pressure.

Rising demand for 3 fatty acids across the globe is contributing exponentially for industry growth over the past few years. Rise in the awareness level among general population regarding consummation of omega3 fatty acids in fish is estimated to boost sales of fishery machineries over the next decade.

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The fishery machinery market is broadly categorized into major segments based on the product type such as elevators & hoppers, feeders, head cutting machines, filleting machines and skinning machines. Filleting machines segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing popularity of filleting machines segment is attributed to the increasing product penetration in the global market and availability of low cost solutions.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in fishing industry, surge in number of research & development activities and existence of well-established industrial infrastructure in the region. In European region, Spain, Netherland, and United Kingdom are projected to witness steady growth over the coming years.

Asia-Pacific region is estimated to hold a major share in the fishery machinery market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rising awareness level among general population, integration of fish in traditional dishes, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the fishery machinery market are Buck’s Bag Inc., Bass Pro Shops Direct LLC, Berkley Fishing Fly Co., AFTCO Mfg. Co., Inc., and Aarcom International.

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