At A CAGR Of Over 5%, Processed Seafood and Processing Equipment Market Is Expected To Reach USD 2.32 Billion By 2024
Global Processed Seafood & Processing Equipment Market is expected to reach USD 2.32 Billion by 2024, witnessing growth at a CAGR of over 5%, in value terms owing to the increasing demand for processed sea-food coupled with the rising health-consciousness among consumers to consume healthy and protein rich diet. Moreover, the changing consumer preference towards sea-food due to globalization, growing middleclass and increasing disposable incomes will propel the growth of the in the next five years. Based on the type of food, the processed fish segment is expected to hold the largest market share by 2024 due to easy availability of wide species of fish and growing consumer preference of eating a protein rich diet. Europe & CIS is anticipated to grow at the highest CAGR during the forecast period, followed by North-America, due to high demand of processed seafood in the constituent countries as the consumer preference is shifting towards eating high protein fishes like salmon et...