Asia Pacific Fish Processing Market

Asia Pacific Fish Processing Market Size (2024 To 2029)

The size of the Asia Pacific fish processing market is expected to be worth USD 47.88 billion in 2024 and grow at a CAGR of 5.68% from 2024 to 2029 to achieve USD 63.13 billion by 2029.

The market is expected to show substantial growth in the mentioned forecasting period. The market continues to gain momentum with the increased fish consumption lately. Fish Processing is the process which starts with the catching of fishes and ends at final shipping to customers. It includes entire species of aquatic organisms, irrespective of the place they are obtained from. Fish is a very perishable food and hence needs to be stored and preserved properly for protection against decaying. Some of the popular fish processes used for fish preservation are surimi, curing, salting, drying, and smoking.

The major driving factors for the market of Asia-Pacific Fish Processing are plenty of facilities like boats, advanced equipment and others which are expected to fuel the market growth in future. Also, the presence of a long coastal line gives rise to huge demand for different types of seafood and is thus responsible for the growth of market in this region. However, the gradually increasing acceptance of vegetarian and vegan diets is the major constraint for the growth of this market.

This research report on the Asia Pacific fish processing market is segmented and sub-segmented into the following categories.

Asia Pacific Fish Processing Market By Category

• Preserved
• Frozen
• Others

Asia Pacific Fish Processing Market By Application

• Food
• Non-Food Products

The food segment leads the market under the segmentation on the basis of application due to increased inclusion of fish in people’s diets.

Asia Pacific Fish Processing Market By sources

• Inland 
• Marine

The fish harvested from marine sources lead the market due to the development of new techniques for fishing.

Asia Pacific Fish Processing Market By species

• Molluscs
• Crustaceans
• Fish

Asia Pacific Fish Processing Market By Equipment

• Slaughtering
• Gutting
• Scaling
• Filleting
• Smoking
• Deboning
• Skinning

Asia Pacific Fish Processing Market By Region

• India
• Japan
• China
• Australia
• Singapore
• Malaysia
• South Korea
• New Zealand
• Southeast Asia

China has the highest demand for fish in the Asia-Pacific Fish Processing Market. Many countries in the Asia-Pacific region like Thailand, Vietnam and South Korea depend on fishery for a living and highly contribute to the GDP of the countries.

KEY MARKET PLAYERS

Key players in the Asia Pacific fish processing market are Charoen Pokphand Foods PCL (Thailand), Maruha Nichiro Corporation (Japan), Nippon Suisan Kaisha, Ltd. (Japan), and Thai Union Frozen Products PLC (Thailand)