Global Fishmeal and Fish Oil Market, By Source (Salmon and Trout, Marine Fish, Crustaceans, Tilapias, Carps, Others), Livestock Applications (Aquatic Animals, Swine, Poultry, Cattle, Pets, Others), Industrial Applications (Fertilizers, Aquaculture, Pharmaceutical), 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 2028
Market Analysis and Insights : Global Fishmeal and Fish Oil Market
The fishmeal and fish oil market is expected to witness market growth at a rate of 7.8% in the forecast period of 2021 to 2028. Data Bridge Market Research report on fishmeal and fish oil market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the awareness among consumers about the benefits of consumption of omega 3 fatty acids is escalating the growth of fishmeal and fish oil market.
Fishmeal is the flour processed out of the fish after milling and drying the fish and its selective body parts, whereas fish oil is a brown or yellow liquid obtained out by pressing the cooked fish. The fishmeal and fish oil are chiefly utilized as additive in the animal and fish feeds. Both fishmeal and fish oil are applied as high protein ingredients in the feeds that are given to the farmland animals and farmed fishes.
Major factors that are expected to further boost the growth of the fishmeal and fish oil market in the forecast period are the rise in the integration of fishmeal and fish oil in the swine and poultry diets and the enhancing of productivity and the environmental performance of aquaculture. On other hand, the El Niño effect which in turn results in the higher prices is further estimated to impede the growth of the fishmeal and fish oil market in the timeline period.
In addition, the maintainable intensification of aquaculture will further provide potential opportunities for the growth of the fishmeal and fish oil market in the coming years. However, the broad utilization of substitute the feed ingredients and microbial contamination in the aquafeed might further challenge the growth of the fishmeal and fish oil market in the near future.
This fishmeal and fish oil 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 fishmeal and fish oil market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Fishmeal and Fish Oil Market Scope and Market Size
The fishmeal and fish oil market is segmented on the basis of source, livestock applications, and industrial applications. 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.
- On the basis of source, the fishmeal and fish oil market is segmented into salmon and trout, marine fish, crustaceans, tilapias, carps, others. Others is further sub segmented into eels, crabs, and lobsters.
- On the basis of livestock applications, the fishmeal and fish oil market is segmented into aquatic animals, swine, poultry, cattle, pets, others. Others is further sub segmented into equine and other marine species.
- On the basis of industrial applications, the fishmeal and fish oil market is segmented into fertilizers, aquaculture, and pharmaceutical.
Fishmeal and Fish Oil Market Country Level Analysis
The fishmeal and fish oil market is analysed and market size, volume information is provided by country, source, livestock application, industrial application as referenced above.
The countries covered in the fishmeal and fish oil market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, 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, 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 dominates the fishmeal and fish oil market due to the rise in the development of aquaculture. Furthermore, the upsurge in the utilization of fish meal and fish oil will further boost the growth of the fishmeal and fish oil market in the region during the forecast period. Europe is projected to observe significant amount of growth fishmeal and fish oil market due to the undergoing alteration with big firms and government organizations. Moreover, the rise in the demand for aquatic feed additives is further anticipated to propel the fishmeal and fish oil market in the region in the coming years.
The country section of the fishmeal and fish oil 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 Fishmeal and Fish Oil Market Share Analysis
The fishmeal and fish oil 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 fishmeal and fish oil market.
The major players covered in the fishmeal and fish oil market report are FMC Corporation, Austevoll Seafood, Croda International Plc, OCEANA GROUP LIMITED, Omega Protein, Sürsan A.S, GC Rieber Oils AS, The TASA Group, Orizon, Pioneer Fishing, TripleNine Group A/S, Pesquera Exalmar, Corpesca S.A., FF Skagen A/S, Copeinca, Coplex International S.A.S., Mukka Sea Food Industries, BASF SE, Cargill, Incorporated, Pharma Marine AS, Omega Protein Corporation, 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 understand competitive strengths and provide competitive analysis for each competitor separately.
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