Global Fish Meal for Aquaculture Market By Nature (Organic, Conventional), Source (Salmon and Trout, Marine Fish, Crustaceans, Tilapia, Carps, Others), Livestock (Ruminants, Poultry, Swine, Aquatic Animals, Others), Species Source (Anchovy, Blue Whiting, Sardines, Capelin, Menhaden, Norway Pout, Send eel, Sprat, Others), Application (Animal Feed, Dietary Supplements, Pharmaceutical, Fertilisers), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Fish Meal for Aquaculture Market Analysis and Insights
Fish meal for aquaculture market size is valued at USD 59.3 billion by 2028 and is expected to expand at a compound annual growth rate of 7.10% over the forecast period of 2021 to 2028. The fishmeal is widely used as a fertilizer as it is a rich source of organic nitrogen and is the factor for the growth of the fish meal for aquaculture market in the forecast period of 2021 to 2028.
Fish meals are the products made from fishes, and are extensively used as fertilizers and feeds. It is prepared by cooking and pressing the raw fish or fish trimmings, which is later dried and milled to get fishmeal in cake or pulverized form.
The increasing incorporation of fishmeal in swine and poultry diets is largely flourishing the growth of the fish meal for aquaculture market over the forecast period of 2021 to 2028. The improving production and environmental performance of aquaculture will also accelerate the demand for fish meal for aquaculture market. Likewise, increasing demand for naturally sourced protein additive in animal feed, growing awareness regarding the advantages of fish meal and increasing consumption of animal products such as fish meat are some of key determinants expected to drive the fish meal for aquaculture market growth. Also, the fishmeal consist of high amounts of necessary amino acids and protein, that can be easily digested by the livestock, counting aquatic animals which will also have positive impact the fish meal for aquaculture market.
However, the EL Niño effect leading in higher prices and microbial contamination in aquafeed as well as the irregularity in regulatory structure will limit the growth of fish meal for aquaculture market in the above mentioned forecast period, whereas the increasing usage of alternative feed ingredients and rise in the number of substitutes for fishmeal have the potential to challenge the growth of the fish meal for aquaculture market.
In addition, sustainable intensification of aquaculture as well as the increasing aquaculture industry and growing use of fish meal as a fertilizer will accelerate various growth opportunities for the market to grow over the forecast period of 2021 to 2028.
This fish meal for aquaculture market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses 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, geographic expansions, technological innovations in the market. To gain more info on fish meal for aquaculture market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Fish Meal for Aquaculture Market Scope and Market Size
Fish meal for aquaculture market is segmented on the basis of nature, source, livestock species source and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of nature, the fish meal for aquaculture market is segmented into organic and conventional.
- Based on source, the fish meal for aquaculture market is segmented into salmon and trout, marine fish, crustaceans, carps, tilapia and others. Others have further been segmented into eels, crabs and lobsters
- On the basis of livestock, the fish meal for aquaculture market is segmented into ruminants, poultry, swine, aquatic animals and others.
- Based on species source, the fish meal for aquaculture market is segmented into anchovy, blue whiting, sardines, capelin, menhaden, Norway pout, send eel, sprat and others
- The fish meal for aquaculture market is also segmented on the basis of application into animal feed, dietary supplements, pharmaceutical and fertilizers.
Fish Meal for Aquaculture Market Country Level Analysis
Fish meal for aquaculture market is analyses and market size, volume information is provided by country, nature, source, livestock species source and application as referenced above.
The countries covered in the fish meal for aquaculture market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific leads the fish meal for aquaculture market because of the increasing livestock raising activities as well as the commercialization of aquaculture activities in emerging countries within this particular region. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to the growing demand for protein additives in feed and rapid shift from red meat to other sources of meat in this region.
The country section of the fish meal for aquaculture market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fish Meal for Aquaculture Market Share Analysis
Fish meal for aquaculture market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fish meal for aquaculture market.
The major players covered in the fish meal for aquaculture report are Croda International Plc, Omega Protein Corporation, Calysta, Inc., TASA, OCEANA GROUP LIMITED, Austevoll Seafood ASA, Pioneer Fishing, Lallemand Inc., NOVUS INTERNATIONAL, Köster Marine Proteins GmbH, AKER BIOMARINE ANTARCTIC AS, Alpha Atlantique, ADM Animal Nutrition, AngelYeast Co., Ltd., Mukka Sea food Industries Limited, Colpex International S.A.C., Nutreco N.V., Orizon Foods, The Scoular Company, and Raj Fishmeal and Oil Company among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understands competitive strengths and provide competitive analysis for each competitor separately.
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