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Fishmeal Market: Business Opportunities, Current Trends, Share, Industry Overview, Forecast to 2024

Fishmeal Market Overview

Fishmeal Market is a rich source of animal protein, vitamins, minerals, and other growth factors. They are added to feed as a supplement to enhance the feed performance. Fishmeal market is observing an exponential growth based on its high usage in the aquaculture industry.

The Global Fishmeal Market is increasing due to increase in seafood consumption. Furthermore, improved processing methods and development of high-end technologies has supported the market growth in a positive direction. The market players have enough opprtunity to come up with new and improved products , which has boosted the share of fishmeal in the global market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 7.8% of the fishmeal market during the forecast period, 2017-2023.

Competitive analysis

The Major Players in The Fishmeal Market

Oceana Group Limited (South Africa)
FMC Corporation (U.S.)
Empresas Copec S.A. (Chile)
Biomega AS (Norway)
Croda International Plc. (U.K)
Pioneer Fishing (Pty) Ltd. (South Africa)
Omega Protein Corporation (U.S.)
Calysta, Inc. (U.S.)
The Scoular Company (U.S.)
Aker Biomarine Antarctic AS (Norway)
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Downstream analysis

The Global Fishmeal Market Is Segmented Into Source And Livestock.

On The Basis Of The Type, it is segmented into salmon, trout, carps, crustaceans, tilapias, and others. Among all the types, the salmon segment is dominating the market followed by trout.

On The Basis Of The Livestock, it is segmented into poultry, swine, ruminants, aquatic, and others. Among all, the aquatic segment is dominating the market based on increased consumption of marine products globally.

Regional Analysis

The Global Fishmeal Market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The Asia Pacific region is dominating the fishmeal market followed by North America. Growing health awareness towards livestock animals and uplifted consumption of aquatic animals have surged the demand for fishmeal. Moreover, increased demand for improved quality animal feed is driving the market of fishmeal in the Asia Pacific region.

Furthermore, the U.K dominates the European fishmeal market. Increased demand for seafood in the European region is likely to boost the fishmeal market over the forecast period. Additionally, the major key players are actively involved in the research & development to enhance the efficiency of animal feed.

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