Fish Filleting Machine Market

A Summary of the Fish Filleting Machine Market Developments (2023 to 2033)

The global Fish Filleting Machine Market is projected to have a moderate-paced CAGR of 4.1% during the forecast period. The current valuation of the market is USD 2,325 million in 2023. The market value of the fish filleting machine market is anticipated to reach a high of USD 3,470 million by the year 2033.

A historical market valuation of USD 2,250 million has been recorded by the experts of Future Market Insights for the concerned market during the base year. This growth is supported by:

• The optimum level of output concerning yield, hygiene, performance, and fish fillet quality.
• Functional versatility in operations while filleting the fish is a key demand driver, which is anticipated to fuel the market size of fish fillet machines in the forthcoming years.
• The rise in the importance of the food sector around the world is expected to stimulate market growth for the concerned product.
• The surge in disposable income of the populace is leading to a higher consumption rate of processed food products, thereby also exerting a positive influence on the fish filleting machine market growth.
• There is a rising awareness about the health benefits of consuming seafood, which is expected to further bolster the sale of filleted fish from the sea like tuna and salmon.
• Changing lifestyle coupled with ease of handling the kitchen appliances is leveraging the sale of fish filleting machines as they conveniently slice fish into thin and even fillets, which makes it easier to prepare the fish for cooking.
• Evenly-sized slices and significant throughput that are easy to work with, a stable run of the fish, the cutter is controlled by the computer based on the physical parameters stored for each type of fish and is likely to acquire more shares of the market in the forthcoming years.

Although the market is projected to have healthy growth, the expert analysts at Future Market Insights have revealed that certain aspects prevailing in the market are likely to curb the growth of the forum in the long run. The restraining factors identified are as follows:

• An association of high capital investment with a low- replacement frequency and waning seafood population due to overfishing is anticipated to impede the growth of the fish filleting machine market.
• Increasing food safety and regulatory compliance requirements are expected to potentially challenge the growth of the fish-slicing equipment market.
• The prevalence of traditional fish filleting and processing methods in a large number of developing countries is likely to hinder the pace of advancement in regard to the adoption of fish filleting machines.

Urban Natives Look for Hygiene and Fine Quality of Fillet Fishes - A Retort to Orison for Manufacturers

As per the analysis of FMI, the market has witnessed significant growth in the demand for filleting machines owing to several factors. There are technological advancements, rising consumer preference for processed fish products, and improved logistics.

The usage of fish filleting machines fillets the fish in a manner that maintains proper hygiene that is untouched by a human hand and is largely impacting the sale of the filleted fish product amongst consumers.

Furthermore, machine work imposes a lot of differences in the quality and physical aspects of the filleted fish, thereby the machines are expected to ensure better performance and earn substantial adoption in the food and beverage industry through the projection period.

Report Attribute	Details
Fish Filleting Machine Market Value (2023)	USD 2,325 million
Fish Filleting Machine Market Anticipated Value (2033)	USD 3,470 million
Fish Filleting Machine Projected Growth Rate (2023 to 2033)	4.1%

A Sneak-peek into the Historical Market Scenario

After analyzing the market in-depth, the experts of FMI have unveiled that the fish filleting machine market has been witnessing an unprecedented surge in the past few years.

There is an approximate rise of USD 1,145 million surge in the total market value from 2022 to 2023. The market during the period 2018 to 2023 registered a CAGR of 2.9%.

The spike in sales of the industrial fish filleting machine can be attributed to factors like high performance, impeccable quality, and hygiene. It is witnessed that the fish filleting machine process offers great savings potential as there is a reduction of individual errors and material losses that are inevitable during handwork.

Furthermore, the expansion of the seafood processing plants in recent years has also created lucrative opportunities for the vendors to increase the sales of new units of dish filleting machines.

Besides this aspect, data analysts at FMI have identified an expansion of the aquaculture industry, where fishes are raised, nourished, and harvested in a controlled environment that has resulted in the reassurance of price solidity and higher farmed fish production, thereby impacting the market dynamics for multi-species fish filleting machines, owing to rise in consumption.

Category-wise Insights

Domineering Segments Gain Momentum Amid Rapid Urbanization

Stand-alone Fish Filleting Machine - By Machine Type

While analyzing the market in-depth, it has been identified that the stand-alone segment in the machine type category is likely to dominate the global forum of fish filleting machines. At present this segment is advancing at a moderate pace, registering a CAGR of 4.2% in 2023.

The segment accounted for a historical CAGR of 3.2% during the period of 2018 to 2022. The major aspects fueling the adoption of the stand-alone machine type are as follows:

• These machines allow the production of fish fillets from small-sized head-off fish, which is fresh or half-frozen.
• They possess a great amount of operational efficiency and function at a production rate of 60 fish per minute, which also underlines cost-effectiveness for the manufacturers in the market.

Semi-automatic Filleting Machine - By Operation Type

FMI has analyzed that the semi-automatic filleting machine segment accounts for a major share in the global fish filleting machine market, based on the operation type category.

At present, this segment is advancing at a steady pace and is anticipated to record a CAGR of 3.8% during the projection period. The segment accounted for a sluggish growth rate of 2.6% in the past few years ranging from 2018 to 2022. The reasons contributing to the favorable adoption of these machines can be identified as follows:

• The semi-automatic filleting machines can produce five times more productivity compared to the existing traditional or manual n=methods of filleting.
• More energy saving and less labor are required in the fish filleting process, in amalgamation with significant time savings.
• New innovation of semi-automatic machines is a feasible alternative choice to existing heavy-duty machines in the market with more expensive costs.

Country-wise Insights

Novel Adherence to Environmental and Sanitary Standards Bolster Market Dynamics in Diverse Countries

Country	United States
Statistics	The USA is projected to dominate the fish filleting machine market in the North American region. The country is currently accountable for a market valuation of USD 309.5 Million in 2023. FMI predicts market valuation to surpass USD 867.5 Million by the end of 2033. The USA is progressing at a moderate pace, accruing a CAGR of 4.5% during the forecast period. Historical CAGR: 3.6%
Growth Propellants	Key elements fueling the market size of fish filleting machines in the USA are: Higher living standards with surging per capita income, and the rising awareness about the hygiene of food are exerting a positive influence in the forum. The food and beverage industry is focusing on a growing level of automation and hand-free processing, coupled with an upsurge in entry-level automation is stirring up the trend in the USA.

Country	Japan
Statistics	The fish filleting market in Japan is estimated to have substantial growth during the period 2023 to 2033. The forum is currently accountable for a market valuation of USD 85.91 Million in 2023 and is anticipated to surpass a value of USD 253.31 Million by the end of 2033, registering a CAGR of 4.2% through the projection period. Historical CAGR: 2.9%
Growth Propellants	The aspects underlying the growth of the fish filleting machine market in Japan can be identified as the following: Favorable government initiatives in recent years to innovate kitchen appliances have exerted an assertive influence on the attempts of manufacturers. The presence of key market players and exporters in the country along with the advancement of the food and beverage industry in Japan is creating market demand for this equipment.

Country	Korea
Statistics	The Korean fish filleting machine market is anticipated to witness significant growth throughout the estimated study period. At present, the market is advancing at a CAGR of 3.0%, with a total market value of USD 30.775 Million in 2023. The market is projected to reach a high of USD 121.45 Million by the end of the projection period. Historical CAGR: 2.4%
Growth Propellants	The factors attributing to the growth of the market in Korea are: The food processing industry is having a rise in demand for automated equipment due to the growing popularity of fish and seafood specialties across the country of Korea. Aquaculture is being highly practiced, which is further fueling the demand for fish filleting machines to meet the consumer demands for quality and hygiene.

Start-up Ecosystem

New Entrants Transforming the Traditional Market-o-nomics

The new entrants in the fish filleting machine market are leveraging advancements in technology to launch new products and gain a competitive advantage.

These firms are continually investing in research and development activities to keep themselves in tandem with the changing consumer preferences and end-use industry demands. Efforts are being made to strengthen their foothold in the forum and aid the further progression of the rice processing machines market.

Top Start-Ups to Watch for

Mainali - European Start-up

This new entrant has introduced the RB-1 Smart Saw, which has been developed taking into account the needs of the market that demanded a solution to cut frozen products by weight in a precise and versatile way and with optimal performance.

The use of the equipment through the characteristic intuitive interface of Mainali’s equipment makes its use quick and easy for the operators, who only have to load the product and press a button.

The laser technology provides a precise reading of the piece, which will be cut into multiple portions with the weight previously indicated in the recipe.

The RB-1 Smart Saw stands out for being a mixed machine that allows, in addition to cutting by fixed weight, other options such as cutting by variable or fixed thickness in which the loading table can be loaded with multiple pieces in order to obtain maximum production, cutting both with the patented double cut system as with the simple one.

ABM Company S.r.l. - Italy-based Start-up

This start-up firm are specializing in semi-automatic fish filleting machines, with circular blades for high-precision cuttings. Their products have improved guide ridges for better running products and intuitive control panels. The company is identified to gain momentum in the global market.

Competitive Landscape

Attempts of Key Market Players to Cede a Silver Lining to the Global Market

The market players from the filleting machines market are anticipated to have significant growth prospects in the forecast period owing to the rising demand for filleting fish products.

Various companies are focusing on their product line and the innovations in the product which will significantly boost the demand for filleting machines over the future period.

The market players are also substantially leveraging external market drivers such as increasing focus on preventing fish products from deteriorating to achieve growth opportunities.

Biggies Ease Fish Filleting and Jig Up the Trends

In recent years, FOODLOGISTIK Fleischereimaschinen GmbH, based out of Germany modified their slicing and portioning machine, which are custom designed for the particular needs of the end-user industries.

Their slicing machines enable large-volume cutting with user-friendly operation by single control keys and are installed with time-saving automatic return limiters. The operation mode of choice is continuous for high-volume cutting with a double blade or intermittent cutting with a single blade achieving precise slices.

Another company, NOCK Maschinenbau GmbH, has launched a cutting machine with a band blade for 1 horizontal cut and a circular blade cutting unit for vertical cuts, perfect for cutting fish fillets for sushi, thin escalope, and more.

Recent Developments

• In May 2021, a Latvian firm invested USD 30 million to build a new fish processing plant. Such factors will support the market growth in the forecast period.
• In 2021, Varlet launched its fish slicer, which is simple and efficient, with or without the support of wheels. Their machines come with automatic water injection and extra safety sensors on the blade.

Some of the other key players proliferating in the market are:

• AGK Kronawitter GmbH
• Uni-Food Technic
• Kroma
• Marel
• Carnitech
• BAADER
• Breivik
• Grupo Josmar
• Sepamatic
• PF MAX Company
• Grasselli
• Pisces Fish Machinery
• WOLFKINGTECH
• KM Fish Machinery
• POWERTECH

Key Segments in the Fish Filleting Machine Market

By Machine Type:

• Stand-alone System
• Integrated System

By Operation Type:

• Automatic
• Semi-automatic

By Sales Channel:

• Direct Procurement
• E-commerce Platforms
• Others

By Region:

• North America
• Latin America
• Asia Pacific
• Middle East and Africa (MEA)
• Europe

Frequently Asked Questions

What is the Growth Outlook for the Fish Filleting Machine Market?

The growth outlook for the fish filleting machine market is predicted to advance at a CAGR of 4.1% from 2023 to 2033.

Which Region Leads the Fish Filleting Machine Market?

The North American region is anticipated to lead the fish filleting machine market during the forecast period.

What is the market valuation of the Fish Filleting Machine in 2023?

The market valuation of the fish filleting machine market stands at USD 2,325 million in 2023.

How much Growth Potential does the Fish Filleting Machine hold?

The fish filleting machine market is likely to hold a valuation of USD 3,470 million by 2033.

Which sector is the key driver in the Fish Filleting Machine Market?

The food and beverages sector is the key driver in the fish filleting machine market.