The global fish processing market is projected to propagate at a CAGR of 5.9% during the forecast period and is likely to gather a revenue of approximately US$ 368,460.4 million by 2033, climbing from US$ 213,619.7 million in 2023. Earlier, between 2018 and 2022, the fish processing market amplified at a speed of 5.4% CAGR.
The procedure involved with fish and fish products between the time they are captured or harvested and the moment the final product is supplied to the consumer is referred to as the fishing process. Fish processing is frequently employed for conservation and aids in maintaining the freshness of the fish for an extended period of time with no loss of flavor, fragrance, or nutritional value. It comprises all processed aquatic creatures.
Fish is a very perishable product. Hence adequate preservation is required to increase shelf life and preserve nutritional value. The sustainable use of marine resources is one of the key benefits of fish processing, which raises consumer demand for more processed fish. It has been discovered that ozone increases the freshness of raw seafood. Ozone treatment of processing equipment and raw fish minimizes microbial attack, which has the potential to destroy the fish. Therefore, using ozone boosts the profitability of the fish processing industry.
| Attribute | Details |
|---|---|
| Fish Processing Market Historical Growth Rate (2018 to 2022) | 5.4% |
| Fish Processing Market Value (2023) | US$ 213,619.7 million |
| Fish Processing Market Anticipated Forecast Value (2033) | US$ 368,460.4 million |
| Fish Processing Market Projected Growth Rate (2023 to 2033) | 5.9% |
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The high nutritious value of fish, expansion of fish farming, and rise in public health awareness are the main market drivers for this market. The primary driver propelling the fish processing market during the forecast period is rising consumer awareness of the advantages of seafood eating. For instance, fish is high in protein and low in fat. Additionally, they are rich in minerals, including calcium, phosphorus, iron, zinc, iodine, magnesium, potassium, omega-3 fatty acids, vitamin D, and vitamin B2.
Aquaculture has emerged as a popular substitute as a protein-rich food source that offers a wide range of benefits for addressing increasing health issues, such as excessive cholesterol levels. The aquaculture market has witnessed more investment recently as initiatives related to its practice have grown popular due to its expanding industry and economic potential.
Over the past couple of years, the global fish oil market has experienced tremendous expansion. Fish tissues that contain Omega 3 fatty acids are used to make fish oil. Elderly individuals need the omega-3 fatty acids in fish oil to lower their chances of developing chronic medical conditions. Most importantly, elderly customers are eager to take precautions against certain diseases. During the forecast period, the fish processing market will be driven by growing awareness of the health and wellness of older consumers.
Nonetheless, an important factor impeding the market's growth during the forecast period is the negative impacts connected to the intake of fisheries products as a result of the high degree of water pollution. Other than this, rising raw material costs and stringent environmental laws safeguarding fish species could also restrain market growth.
Based on the source, application, processing type, and equipment, the global fish processing market is divided into submarkets.
Depending on the source, the market is further segmented into freshwater, marine, and inland. Due to advanced fishing methods and gear, the marine segment holds the biggest market share.
On the basis of application, the market is classified into food, feed, biomedical, and others. As a result of shifting human consumption patterns, food now accounts for the highest market share in the fish processing industry, followed by feed and biomedical.
Principal Consultant
| Country | Japan |
|---|---|
| 2022 Value Share in Global Market | 4.4% |
| Country | India |
|---|---|
| Value CAGR (2023 to 2033) | 5.6% |
With a CAGR of 8.5% during the projection period, the Asia Pacific market overtakes markets in other regions in terms of revenue contribution to the global fish processing market. The Asia Pacific market held a dominant market share of 44.6% in the year 2022 and is anticipated to see quicker revenue growth than the rest of the globe over the next ten years.
During the forecast period, market expansion in the area is anticipated to be fuelled by expanding demand for seafood in the countries of this region and shifting living standards among the population. This may be attributable to the fact that numerous important players, like Charoen Pokphand Foods, are present there. Fishing in the deep ocean by large nations like China and India has increased the supply of fish products for processing.
| Country | Germany |
|---|---|
| 2022 Value Share in Global Market | 7.8% |
Europe holds the second largest market share, obtaining 39.7% of the market share. Europe has a multitude of resources, including innovative machinery and ships, which are anticipated to strengthen the regional economy in the future. In several European nations, cold rolling and hot smoking are common fish preservation techniques. The most rapidly expanding region in Europe, Portugal, has a high demand for cauldrons, clams, sardines, oysters, and fish. Numerous European nations rely heavily on fishing as their primary industry, which boosts their GDP.
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| Country | United States 2022 |
|---|---|
| Value Share in Global Market | 21.1% |
North America holds nearly 34.5% market share. Due to the significant consumption of seafood items in the USA and Canada, this region is also expected to experience explosive growth during the forecast period. For instance, 20% of Americans consume fish at least twice a week, whereas 56% of Americans consume it at least twice a month.
Different fish processing market trends are stimulated by inventive start-ups creating a presence in the market.
Example:
The major market participants have used several methods to broaden their reach internationally and grow their market share. Companies have been driven to use these tactics by the expanding demand for processed fish products as well as the rapid expansion of fisheries and aquaculture in developing nations. Players in the market are concentrating on forming partnerships to exchange technological know-how regarding biotechnology that can increase marine production.
Example:
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.9% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ billion, Volume in Kilotons and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
|
| Regions Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
| Customization | Available Upon Request |
The current CAGR of the fish processing market is 5.9%.
India is estimated to secure a CAGR of 5.9% in the global market in 2023.
The marine segment contributes a maximum share in the market.
The food industry holds the maximum revenue of the global market share.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Source, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Source, 2023 to 2033
5.3.1. Freshwater
5.3.2. Marine
5.3.3. Inland
5.4. Y-o-Y Growth Trend Analysis By Source, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Source, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Food
6.3.2. Feed
6.3.3. Biomedical
6.3.4. Others
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Processing Type
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis by Processing Type, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast by Processing Type, 2023 to 2033
7.3.1. Frozen
7.3.2. Preserved
7.3.3. Dried
7.3.4. Others
7.4. Y-o-Y Growth Trend Analysis by Processing Type, 2018 to 2022
7.5. Absolute $ Opportunity Analysis by Processing Type, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Equipment
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) Analysis By Equipment, 2018 to 2022
8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Equipment, 2023 to 2033
8.3.1. Slaughtering
8.3.2. Deheading & Gutting
8.3.3. Skinning
8.3.4. Scaling
8.3.5. Filleting
8.3.6. Desliming & Rinsing
8.3.7. Others
8.4. Y-o-Y Growth Trend Analysis By Equipment, 2018 to 2022
8.5. Absolute $ Opportunity Analysis By Equipment, 2023 to 2033
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
9.1. Introduction
9.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
9.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
9.3.1. North America
9.3.2. Latin America
9.3.3. Western Europe
9.3.4. Eastern Europe
9.3.5. South Asia and Pacific
9.3.6. East Asia
9.3.7. Middle East and Africa
9.4. Market Attractiveness Analysis By Region
10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. The USA
10.2.1.2. Canada
10.2.2. By Source
10.2.3. By Application
10.2.4. By Processing Type
10.2.5. By Equipment
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Source
10.3.3. By Application
10.3.4. By Processing Type
10.3.5. By Equipment
10.4. Key Takeaways
11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Brazil
11.2.1.2. Mexico
11.2.1.3. Rest of Latin America
11.2.2. By Source
11.2.3. By Application
11.2.4. By Processing Type
11.2.5. By Equipment
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Source
11.3.3. By Application
11.3.4. By Processing Type
11.3.5. By Equipment
11.4. Key Takeaways
12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. Germany
12.2.1.2. United Kingdom
12.2.1.3. France
12.2.1.4. Spain
12.2.1.5. Italy
12.2.1.6. Rest of Western Europe
12.2.2. By Source
12.2.3. By Application
12.2.4. By Processing Type
12.2.5. By Equipment
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Source
12.3.3. By Application
12.3.4. By Processing Type
12.3.5. By Equipment
12.4. Key Takeaways
13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. Poland
13.2.1.2. Russia
13.2.1.3. Czech Republic
13.2.1.4. Romania
13.2.1.5. Rest of Eastern Europe
13.2.2. By Source
13.2.3. By Application
13.2.4. By Processing Type
13.2.5. By Equipment
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Source
13.3.3. By Application
13.3.4. By Processing Type
13.3.5. By Equipment
13.4. Key Takeaways
14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. India
14.2.1.2. Bangladesh
14.2.1.3. Australia
14.2.1.4. New Zealand
14.2.1.5. Rest of South Asia and Pacific
14.2.2. By Source
14.2.3. By Application
14.2.4. By Processing Type
14.2.5. By Equipment
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Source
14.3.3. By Application
14.3.4. By Processing Type
14.3.5. By Equipment
14.4. Key Takeaways
15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Country
15.2.1.1. China
15.2.1.2. Japan
15.2.1.3. South Korea
15.2.2. By Source
15.2.3. By Application
15.2.4. By Processing Type
15.2.5. By Equipment
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Source
15.3.3. By Application
15.3.4. By Processing Type
15.3.5. By Equipment
15.4. Key Takeaways
16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
16.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
16.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
16.2.1. By Country
16.2.1.1. GCC Countries
16.2.1.2. South Africa
16.2.1.3. Israel
16.2.1.4. Rest of MEA
16.2.2. By Source
16.2.3. By Application
16.2.4. By Processing Type
16.2.5. By Equipment
16.3. Market Attractiveness Analysis
16.3.1. By Country
16.3.2. By Source
16.3.3. By Application
16.3.4. By Processing Type
16.3.5. By Equipment
16.4. Key Takeaways
17. Key Countries Market Analysis
17.1. USA
17.1.1. Pricing Analysis
17.1.2. Market Share Analysis, 2022
17.1.2.1. By Source
17.1.2.2. By Application
17.1.2.3. By Processing Type
17.1.2.4. By Equipment
17.2. Canada
17.2.1. Pricing Analysis
17.2.2. Market Share Analysis, 2022
17.2.2.1. By Source
17.2.2.2. By Application
17.2.2.3. By Processing Type
17.2.2.4. By Equipment
17.3. Brazil
17.3.1. Pricing Analysis
17.3.2. Market Share Analysis, 2022
17.3.2.1. By Source
17.3.2.2. By Application
17.3.2.3. By Processing Type
17.3.2.4. By Equipment
17.4. Mexico
17.4.1. Pricing Analysis
17.4.2. Market Share Analysis, 2022
17.4.2.1. By Source
17.4.2.2. By Application
17.4.2.3. By Processing Type
17.4.2.4. By Equipment
17.5. Germany
17.5.1. Pricing Analysis
17.5.2. Market Share Analysis, 2022
17.5.2.1. By Source
17.5.2.2. By Application
17.5.2.3. By Processing Type
17.5.2.4. By Equipment
17.6. United Kingdom
17.6.1. Pricing Analysis
17.6.2. Market Share Analysis, 2022
17.6.2.1. By Source
17.6.2.2. By Application
17.6.2.3. By Processing Type
17.6.2.4. By Equipment
17.7. France
17.7.1. Pricing Analysis
17.7.2. Market Share Analysis, 2022
17.7.2.1. By Source
17.7.2.2. By Application
17.7.2.3. By Processing Type
17.7.2.4. By Equipment
17.8. Spain
17.8.1. Pricing Analysis
17.8.2. Market Share Analysis, 2022
17.8.2.1. By Source
17.8.2.2. By Application
17.8.2.3. By Processing Type
17.8.2.4. By Equipment
17.9. Italy
17.9.1. Pricing Analysis
17.9.2. Market Share Analysis, 2022
17.9.2.1. By Source
17.9.2.2. By Application
17.9.2.3. By Processing Type
17.9.2.4. By Equipment
17.10. Poland
17.10.1. Pricing Analysis
17.10.2. Market Share Analysis, 2022
17.10.2.1. By Source
17.10.2.2. By Application
17.10.2.3. By Processing Type
17.10.2.4. By Equipment
17.11. Russia
17.11.1. Pricing Analysis
17.11.2. Market Share Analysis, 2022
17.11.2.1. By Source
17.11.2.2. By Application
17.11.2.3. By Processing Type
17.11.2.4. By Equipment
17.12. Czech Republic
17.12.1. Pricing Analysis
17.12.2. Market Share Analysis, 2022
17.12.2.1. By Source
17.12.2.2. By Application
17.12.2.3. By Processing Type
17.12.2.4. By Equipment
17.13. Romania
17.13.1. Pricing Analysis
17.13.2. Market Share Analysis, 2022
17.13.2.1. By Source
17.13.2.2. By Application
17.13.2.3. By Processing Type
17.13.2.4. By Equipment
17.14. India
17.14.1. Pricing Analysis
17.14.2. Market Share Analysis, 2022
17.14.2.1. By Source
17.14.2.2. By Application
17.14.2.3. By Processing Type
17.14.2.4. By Equipment
17.15. Bangladesh
17.15.1. Pricing Analysis
17.15.2. Market Share Analysis, 2022
17.15.2.1. By Source
17.15.2.2. By Application
17.15.2.3. By Processing Type
17.15.2.4. By Equipment
17.16. Australia
17.16.1. Pricing Analysis
17.16.2. Market Share Analysis, 2022
17.16.2.1. By Source
17.16.2.2. By Application
17.16.2.3. By Processing Type
17.16.2.4. By Equipment
17.17. New Zealand
17.17.1. Pricing Analysis
17.17.2. Market Share Analysis, 2022
17.17.2.1. By Source
17.17.2.2. By Application
17.17.2.3. By Processing Type
17.17.2.4. By Equipment
17.18. China
17.18.1. Pricing Analysis
17.18.2. Market Share Analysis, 2022
17.18.2.1. By Source
17.18.2.2. By Application
17.18.2.3. By Processing Type
17.18.2.4. By Equipment
17.19. Japan
17.19.1. Pricing Analysis
17.19.2. Market Share Analysis, 2022
17.19.2.1. By Source
17.19.2.2. By Application
17.19.2.3. By Processing Type
17.19.2.4. By Equipment
17.20. South Korea
17.20.1. Pricing Analysis
17.20.2. Market Share Analysis, 2022
17.20.2.1. By Source
17.20.2.2. By Application
17.20.2.3. By Processing Type
17.20.2.4. By Equipment
17.21. GCC Countries
17.21.1. Pricing Analysis
17.21.2. Market Share Analysis, 2022
17.21.2.1. By Source
17.21.2.2. By Application
17.21.2.3. By Processing Type
17.21.2.4. By Equipment
17.22. South Africa
17.22.1. Pricing Analysis
17.22.2. Market Share Analysis, 2022
17.22.2.1. By Source
17.22.2.2. By Application
17.22.2.3. By Processing Type
17.22.2.4. By Equipment
17.23. Israel
17.23.1. Pricing Analysis
17.23.2. Market Share Analysis, 2022
17.23.2.1. By Source
17.23.2.2. By Application
17.23.2.3. By Processing Type
17.23.2.4. By Equipment
18. Market Structure Analysis
18.1. Competition Dashboard
18.2. Competition Benchmarking
18.3. Market Share Analysis of Top Players
18.3.1. By Regional
18.3.2. By Source
18.3.3. By Application
18.3.4. By Processing Type
18.3.5. By Equipment
19. Competition Analysis
19.1. Competition Deep Dive
19.1.1. Mowi Feed
19.1.1.1. Overview
19.1.1.2. Product Portfolio
19.1.1.3. Profitability by Market Segments
19.1.1.4. Sales Footprint
19.1.1.5. Strategy Overview
19.1.1.5.1. Marketing Strategy
19.1.2. Leroy Seafood Group ASA
19.1.2.1. Overview
19.1.2.2. Product Portfolio
19.1.2.3. Profitability by Market Segments
19.1.2.4. Sales Footprint
19.1.2.5. Strategy Overview
19.1.2.5.1. Marketing Strategy
19.1.3. Charoen Pokphand Foods PCL
19.1.3.1. Overview
19.1.3.2. Product Portfolio
19.1.3.3. Profitability by Market Segments
19.1.3.4. Sales Footprint
19.1.3.5. Strategy Overview
19.1.3.5.1. Marketing Strategy
19.1.4. High Liner Foods Inc.
19.1.4.1. Overview
19.1.4.2. Product Portfolio
19.1.4.3. Profitability by Market Segments
19.1.4.4. Sales Footprint
19.1.4.5. Strategy Overview
19.1.4.5.1. Marketing Strategy
19.1.5. Norway Pelagic ASA
19.1.5.1. Overview
19.1.5.2. Product Portfolio
19.1.5.3. Profitability by Market Segments
19.1.5.4. Sales Footprint
19.1.5.5. Strategy Overview
19.1.5.5.1. Marketing Strategy
19.1.6. Pesconova S.A.
19.1.6.1. Overview
19.1.6.2. Product Portfolio
19.1.6.3. Profitability by Market Segments
19.1.6.4. Sales Footprint
19.1.6.5. Strategy Overview
19.1.6.5.1. Marketing Strategy
19.1.7. Nippon Suisan Kaisha Ltd.
19.1.7.1. Overview
19.1.7.2. Product Portfolio
19.1.7.3. Profitability by Market Segments
19.1.7.4. Sales Footprint
19.1.7.5. Strategy Overview
19.1.7.5.1. Marketing Strategy
19.1.8. Maruha Nichiro Corporation
19.1.8.1. Overview
19.1.8.2. Product Portfolio
19.1.8.3. Profitability by Market Segments
19.1.8.4. Sales Footprint
19.1.8.5. Strategy Overview
19.1.8.5.1. Marketing Strategy
19.1.9. Royal Greenland A/S
19.1.9.1. Overview
19.1.9.2. Product Portfolio
19.1.9.3. Profitability by Market Segments
19.1.9.4. Sales Footprint
19.1.9.5. Strategy Overview
19.1.9.5.1. Marketing Strategy
19.1.10. Thai Union Frozen Products Public Company Ltd.
19.1.10.1. Overview
19.1.10.2. Product Portfolio
19.1.10.3. Profitability by Market Segments
19.1.10.4. Sales Footprint
19.1.10.5. Strategy Overview
19.1.10.5.1. Marketing Strategy
19.1.11. Sykes Seafood
19.1.11.1. Overview
19.1.11.2. Product Portfolio
19.1.11.3. Profitability by Market Segments
19.1.11.4. Sales Footprint
19.1.11.5. Strategy Overview
19.1.11.5.1. Marketing Strategy
20. Assumptions & Acronyms Used
21. Research Methodology
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Fish Processing Market
