Global Fish Meal Market, By Application (Animal Feed, Dietary Supplements, Pharmaceutical and Fertilisers), End-Users (Aquaculture, Poultry, Swine and Others), Source (Salmon and Trout, Marine Fish, Crustaceans, Tilapia and Others), Livestock (Ruminants, Poultry, Swine, Aquatic Animals and Others), Source of Species (Anchovy, Blue Whiting, Sardines, Capelin, Menhaden, Norway Pout, Send eel, Sprat and Others), Nature (Organic and Conventional), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, 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, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Fish Meal Market
Data Bridge Market Research analyses that the global fish meal market growing at a CAGR of 7.15% in the forecast period of 2022-2029. Increasing rate of non-vegetarian population worldwide is expected to create new opportunity for the market.
Fishmeal products are those that are made from fish and are commonly used as fertilisers and feed. The raw fish is first cut and squeezed, then dried and crushed to produce fishmeal in the shape of a cake or powder. Fishmeal is a rich nutritional source of calcium and phosphate in animal diets, as well as a good quality protein and bypass protein for monogastric and ruminant animals.
The industry is predicted to grow in response to rising demand for naturally sourced protein additives in animal feed. Other factors such as rising fish consumption, increased knowledge of the benefits of fish meal, expanding aquaculture and increased use of fish meal as fertilisers are likely to boost the fish meal market over the forecast period. Another important application of fish meal is as a fertiliser, as it is a rich source of organic nitrogen that promotes faster plant growth, which is another element that will contribute to the market's expansion. Finally, the growing need for protein supplements in animal feed is likely to boost the industry's growth.
However, factor that may limit the growth of the fishmeal market is a lack of infrastructure and suitable storage facilities, such as cold storage, in major developing countries. The government of many nations is imposing restrictions on fishing activities in the name of environmental preservation, which is another key reason that could limit the expansion of this business.
This fish meal market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 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 Market Scope and Market Size
Fish meal market is segmented of the basis of application, end-users, source, livestock, source of species and nature. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on application, the fish meal market is segmented into animal feed, dietary supplements, pharmaceutical and fertilisers.
- The end-users segment of the fish meal market is divided into aquaculture, poultry, swine and others.
- Source segment of the fish meal market is also segmented on the basis of salmon and trout, marine fish, crustaceans, tilapia and others.
- Livestock segment of the fish meal market is divided into ruminants, poultry, swine, aquatic animals and others.
- Source of species segment is divided into anchovy, blue whiting, sardines, capelin, menhaden, Norway pout, send eel, sprat and others.
- Nature segment of the fish meal market is divided into organic and conventional.
Fish Meal Market Country Level Analysis
The fish meal market is analyses and market size, volume information is provided by country, application, end-users, source, livestock, source of species and nature as referenced above.
The countries covered in the fish meal market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, 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, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific will dominate the fish meal market due to expanded animal breeding operations. North America is expected to have the largest share of the fish meal sector due to increased demand for protein additives in feed.
The country section of the fish meal 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 Market Share Analysis
The fish meal 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 market.
Some of the major players operating in the fish meal market are Croda International Plc, OCEANA GROUP LIMITED, Omega Protein Corporation, Calysta, Inc., Austevoll Seafood, Pioneer Fishing, The Scoular Company, Aker Biomarine Antarctic AS, Animalfeeds International Corporation, Alpha Atlantique, NOVUS INTERNATIONAL, ADM, AngelYeast Co., Ltd., Mukka Sea Food Industries Limited, RAJ FISHMEAL AND OIL COMPANY, Nestlé, Nutro Products Inc., Köster Marine Proteins GmbH, AKER BIOMARINE ANTARCTIC AS, Alpha Atlantique, Hill's Pet Nutrition and Lafeber Co. among others.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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