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The transaction is in line with Marel’s strategic objective to be a full-line supplier of advanced food processing solutions across the fish, meat and poultry industries.
The global seafood processing equipment market size is expected to value $2.51 million by 2025 at a 3.2% CAGR over the forecast period, according to research presented by Grand View Research, San Francisco.
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.