By James Wright, SeaFood Business senior editor
Published on 15 July, 2013
Buoyed by increasing global demand for seafood, processing equipment manufacturers like their prospects despite economic uncertainty in target markets.
As retail and foodservice seafood buyers pursue portions, fillets and other value-added products requiring less prep time in the kitchen or at the counter, their services and products are crucial.
Farmed salmon is a good example. With global production on the upswing and demand for fresh and frozen fillets increasing, sales for salmon-processing equipment are also robust, particularly where aquaculture output is at its highest — not necessarily where the labor is most affordable.
“Norway is the strongest market, then Chile,” said Thorir Einarsson, CEO of Baader North America in Auburn, Wash., which focuses on the farmed salmon industry, partly because the wild salmon season is short by comparison. Norway is the world’s leader in farmed salmon production, exporting NOK 29.6 billion (USD 5.1 billion, EUR 3.9 billion) of salmon in 2012, according to the Norwegian Seafood Council.