The global fishmeal & fish oil market was valued at USD 8.87 Billion in 2019 and is expected to reach USD 15.8 Billion by 2027 at a CAGR of 8.8%.
The research report on the market offers analysis and insights into the numerous aspects that are anticipated to be present over the forecast period as well as their effects on the industry’s expansion. The market for fishmeal and fish oil is expanding as customers become more aware of the advantages of consuming omega-3 fatty acids.
Fish oil is a brown or yellow liquid that is derived by pressing the cooked fish, whereas fishmeal is the flour processed out of the fish after milling and drying the fish and its chosen body parts. Fishmeal and fish oil are primarily used as feed additives for fish and animals. In the feed that is fed to farm animals and farmed fish, both fishmeal and fish oil are used as high-protein components. The increasing use of fishmeal and fish oil in swine and poultry diets, as well as aquaculture’s improved productivity and environmental performance, are significant aspects that are anticipated to support the market’s expansion in the coming years. On the other hand, it is further anticipated that the El Nio effect, which in turn leads to higher prices, will restrict the expansion of the fishmeal and fish oil markets in the timeframe period.
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Also, the ongoing intensification of aquaculture will likely present additional chances for the market for fishmeal and fish oil to expand over the next few years. Fishmeal and fish oil market expansion in the near future may be further hampered by the widespread use of replacement feed components and microbial contamination in aquafeed. This fishmeal and fish oil market report includes information on recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, the impact of domestic and localised market players, analyses of opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, and more. Contact Analytics Market Research for an Analyst Brief to learn more about the fishmeal and fish oil markets. Our staff will assist you in making an informed choice to build your business.
Fishmeal and Fish Oil Market Scope and Market Size
On the basis of source, livestock applications, and industrial applications, the fishmeal and fish oil market is divided. The variation in your target markets and the growth among segments help you identify your primary application areas as well as niche growth pockets and marketing methods.
The salmon and trout, marine fish, crustaceans, tilapias, carps, and others market segments are divided based on the source of the fishmeal and fish oil. Eels, crabs, and lobsters are included under the category “others” further.
The fishmeal and fish oil market is divided into aquatic animals, swine, poultry, cattle, pets, and others based on livestock applications. The category “others” is further divided into “equine” and “other marine” species.
The fishmeal and fish oil market is divided into fertilisers, aquaculture, and pharmaceuticals based on industrial applications.
Market Segmentation
Major Players
Austevoll Seafood ASA
Coomarpes Ltda.
Daybrook Fisheries, Inc.
Pesquera Diamante
Pesquera Exalmar
Rongcheng Blue Ocean Marine Bio
Triplenine Group
Omega Protein Corporation
Empresas Copec S.A.
FF Skagen
Pioneer Fishing (Pty) Ltd.
China Fishery Group Limited.
Pesquera Hayduk
TASA
Types
Salmon & Trout
Marine Fish
Crustaceans
Tilapias
Carps
Other
Applications
Fertilizer
Aquaculture
Pharmaceuticals
Other
Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of this market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Research Methodology:
- The study was conducted using an objective combination of primary and secondary information including inputs and validations from real-time industry experts.
- The proprietary process culls out necessary data from internal databases developed over 15 years and updated accessing 10,000+ sources on daily basis including Industry associations, organizations, publications, trade, and other statistical sources.
- An in-depth product and revenue analysis are performed on top industry players along with their business and geography segmentation.
- Receive primary inputs from subject matter experts working across the value chain in various designations. We often use paid databases for any additional data requirements or validations.
- In-house experts utilizing sophisticated methods including data triangulation, will connect the dots and establish a clear picture of the current Market conditions, market size, and market shares.
- We study the value chain, parent and ancillary markets, technology trends, recent developments, and influencing factors to identify demand drivers/variables in the short, medium, and long term.
- Various statistical models including correlation analysis are performed with careful analyst intervention to include seasonal and other variables to analyze different scenarios of the future Market in different countries.
