Market-Driven Mapping of Technological Advancements in the Seafood Industry: A Country-Level Analysis

Abhirami Subash, Hareesh N. Ramanathan and Marko Šostar ()
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Abhirami Subash: School of Industrial Fisheries, Cochin University of Science and Technology, Fine Arts Avenue, Kochi 682016, India
Hareesh N. Ramanathan: School of Industrial Fisheries, Cochin University of Science and Technology, Fine Arts Avenue, Kochi 682016, India
Marko Šostar: Faculty of Tourism and Rural Development in Pozega, Josip Juraj University in Osijek, Vukovarska 17, 31000 Pozega, Croatia

Economies, 2024, vol. 12, issue 11, 1-15

Abstract: Seafood preservation techniques have evolved from ancient methods to modern innovations like canning, freezing, and surimi production. Canning in the 19th century introduced airtight containers, while commercial freezing technologies like flash freezing extended shelf life. Surimi pastes in the 20th century led to affordable imitation seafood products. Emerging technologies continue to enhance seafood preservation methods. Moreover, the integration of digital technology, automation, and data sharing, known as Industry 4.0, is transforming various industries. This integration encompasses blockchain technology, automation, robotics, and big data analytics, aiming to enhance production, sustainability, traceability, and efficiency in fish processing. With a focus on the seafood market dynamics affecting these advances, this research was conducted with the aim to understand how technical breakthroughs in the seafood business are dispersed and implemented across different nations. We aim to determine the correspondence between the technological sophistication of machinery in seafood processing companies and map it across different countries across the globe to obtain an understanding of the generation of technology used in prominence. Variations in adoption rates and technological trends reflect regional market dynamics. The Seafood Expo ASIA 2023 study looked at the use of Industry 4.0 technologies, operational procedures, and technology adoption in the global seafood processing industry. Notably, countries like Norway, the Republic of Korea, Spain, Turkey, and the Netherlands have rapidly embraced Industry 4.0 technologies. The market factors driving these technological advancements across different countries include rising consumer demand for sustainable seafood, economic incentives, and global competition. A correspondence analysis was employed to analyze the correspondence between countries and the level of technological sophistication in the machinery used. We successfully mapped the level of technology utilized in machinery across global seafood processing companies, providing insights into the technological advancements shaping the industry.

Keywords: technological innovations; Industry 4.0; seafood processing; technology advancement; Seafood Expo ASIA 2023; technology generation; seafood market (search for similar items in EconPapers)
JEL-codes: E F I J O Q (search for similar items in EconPapers)
Date: 2024
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