The fish segment is projected to be the fastest-growing segment due to the highly perishable attributes.
The processed seafood market is projected to reach $267.3 billion by 2023, at a CAGR of 5.2% from 2018, while the seafood processing equipment market is projected to reach $1.9 billion by 2023, at a CAGR of 5.6%, by 2023, according to new market research from MarketsandMarkets, New York.