The value of the seafood machinery market is estimated to have been $0.4 billion in 2016 in the United States; IHS Markit forecasts it to grow with 2 percent CAGR from 2016 to 2021. Demand for seafood varies considerably depending on geographical location. Landlocked states tend to consume much less fish per capita than coastal states.
The demand for seafood processing machinery in the United States is influenced by healthy eating habits, including the increased awareness of the health benefits of seafood, such as the presence of Omega 3 Fatty acids in finfish and fish oils, in order to improve brain and heart health.
Food legislation, such as the fish and fishery compliance program by the FDA, provides official marketing standards for fishery products in the country and imposes strict inspection standards on the seafood trade in the U.S. market in order to ensure a high standard of public health protection. Additionally, stricter regulation has increased the cost of machinery maintenance and production, which will bolster future investment in the sectors through, for example, greater demand for machinery that includes cleaning systems and that is more hygienic and more easily cleaned.
