Fishmeal Market size is expected to reach nearly US$ 16.93 Bn by 2029 with the CAGR of 8.6% during the forecast period.
Fishmeal Market Overview:
The Fishmeal Market research provides a full competition picture, including market share and company profiles of the major players in the worldwide industry. The scope of the research covers a complete examination of the Fishmeal Market, as well as the causes for variances in the industry’s growth in different areas.
Market Scope:
To locate and collect material appropriate for this study, this research study makes considerable use of secondary sources, directories, and databases such as annual reports, press releases, journals, corporate websites, and databases.
Dynamics:
Fishmeal is a rich source of protein and essential amino acids that cattle, especially aquatic animals, can easily digest. Additionally, it is rich in fatty acids and other minerals that are essential for the development of many cattle. Future market expansion for fishmeal is being driven by these elements. Because it contains a high amount of organic nitrogen, fishmeal is utilised as fertiliser and is anticipated to drive the growth of the worldwide fishmeal market. The global fishmeal market is anticipated to be driven by a strong demand for protein additions in animal feed.
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Segmentation:
by Source
• Salmon & Trout
• Marine Fish
• Carps
• Crustaceans
• Tilapia
• Others
by Livestock
• Ruminants
• Poultry
• Swine
• Aquatic Animals
• Others
by Application
• Fertilizers
• Animal Feed
• Others
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Key Players: The entire approach involves a review of the financial reports of the major market participants. Following the determination of the overall market size, the complete market was divided into many segments and sub-segments and checked with key industry professionals such as CEOs, VPs, directors, and marketing executives. The major players in the Fishmeal Market are
• Empresas Copec S.A.
• Biomega AS
• Oceana Group Limited
• Omega Protein Corporation
• FMC Corporation
• Austevoll Seafood ASA
• Calysta, Inc.
• Pioneer Fishing (Pty), Ltd.
• The Scoular Company
• Aker Biomarine Antarctic AS
• Sarma Fish S.A.R.L
• Animalfeeds International Corporation
• Alpha Atlantique
• Novus International Inc.
Regional Analysis: The region portion of the Fishmeal Market study also includes individual market affecting elements and changes in legislation in the market that affect present and future market trends. Current and future trends are discussed in order to estimate the entire market potential and to highlight profitable trends in order to obtain a firmer footing. Geographic market assessment is based on the existing scenario and predicted developments.
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COVID-19 Impact Analysis on Fishmeal Market:
Following the outbreak of the pandemic, end-user sectors where Fishmeal Market are used had a fall in growth from January to May in a variety of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a suspension in operations. This resulted in a major decrease in the revenues of firms operating in these industries and, as a consequence, in demand for Fishmeal Market manufacturers, influencing the growth of the Fishmeal Market in 2020. With lockdowns and a rising number of COVID-19 cases throughout the world, the demand for Fishmeal Market from end-user businesses has decreased significantly.
Key Questions answered in the Fishmeal Market Report are:
- Which are the major companies in the Fishmeal Market?
- Which is the potential market for Fishmeal Market in terms of the region?
- What are the opportunities for new market entrants?
- What is expected to drive the growth of the market in the next seven years?
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