Press Release

Fatpos Global

Global Fishmeal Market Outlook 2030: Industry Insights & Opportunity Evaluation for year 2019-2030

July 19th, 2021 5:34 AM

A fish meal is a commercial product made out of fish that are generally not used for human consumption. Fishmeal is commonly used to feed farm animals and as fertilizers.  Fishmeal is made out of bones and offal leftover of the fishes, caught by commercial fisheries, which is then dried and crushed into powder and cake.

Market highlights

Global Fish Meal Market is expected to exceed USD 16,276.67 billion by 2030 from USD 9,340.66 million in 2016 at a CAGR of 7.8% throughout the forecast period, i.e., 2020-2030. The global fishmeal market is estimated to grow on the back of the following reasons. Fishmeal is rich in calcium, protein, crude fiber, and amino acids which can be easily digested by the livestock, even by the aquatic animals.  Moreover, it contains plenty amount of other vital minerals and fatty acids which are essential for the growth and development of various livestock. Additionally, fishmeal is a rich source of organic nitrogen and hence is extensively used as fertilizer as it accelerates the growth of plants. Thus, increasing demand for protein in animal feed is going to drive the growth of the global fishmeal market.

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Key players

Some key players operating in the fishmeal market are:

  • Croda International Plc (UK)
  • Oceana Group Ltd (South Africa)
  • FMC Corporation(US)
  • Austevoll Seafood ASA(Norway)
  • Omega Protein Corporation(US)
  • Empresas COPEC S.A. (Chile)
  • Sarma Fish S.A.R.L. (Morocco)
  • Alpha Atlantique (Morocco)
  • Novus International Inc(US)
  • Calysta Inc(US)

 

Recent Highlights in Global Fishmeal Market

In May 2020, COPEC announced that it sees higher profitability in the fishmeal market by the end of 2020 due to better anchovy quality, lower petroleum prices, and other factors.

In February 2019, a joint venture held between Royal DSM and Evonik industries had positioned themselves as earlier leaders in the development of omega-3 rich oils made of algae, as this would conserve the aquatic fish.

 

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Global Fishmeal Market: Segments

Global Fish Meal Market has been bifurcated on the basis of application, livestock, source, and region.

On the basis of livestock, it is divided into ruminants, swine, poultry, aquatic animals, and others. Based on the source it is segmented as salmon and trout, anchovy, marine fish, menhaden, capelin, pilchard, tilapia, sand eel, and others. The oily fish species is a profitable source as it is high in protein and useful for making fishmeal and fish oils. On the basis of application global fishmeal market is categorized as fertilizers, pharmaceuticals, feed, and others.

 

Global Fishmeal Market: Drivers and Restraints

Drivers:

Increasing demand for organic nitrogen

Fishmeal is rich in organic nitrogen and hence is being demanded by the agricultural sector in order to ensure the healthy and fast growth of the crops.

Rising awareness of health

Since people are now more aware of health and want to boost their immunity naturally they are opting for more organic solutions. Fishmeal and fish oil is a rich source of amino acids, proteins and omega-3 are catalyzing the demand of innovative health supplements both for infants and adult consumers.

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Restraint:

Price Volatility

Volatility concerning the prices of fishmeal products is one of the major restraints that is expected to hamper the growth of the Global Fishmeal Market in the upcoming years. However, a steady increase in the prices of raw material (fish) is going to decrease the demand for Fishmeal products.

 

Global Fish Meal Market Report also contains an analysis on:

  • Fishmeal Market by Segment
    • By Application
      • Fertilizers
      • Feed
      • Others
    • By Source
      • Salmon and Trout
      • Marine fish
      • Crustaceans
      • Tilapia
      • Others
    • By Livestock
      • Ruminant
      • Poultry
      • Swine
      • Aquatic Animals
      • Others
    • By Region
      • North America
      • Latin America
      • Europe
      • Asia-Pacific
      • Middle-East & Africa
    • Global Fish Meal Market size
    • Global Fish Meal Market Dynamics
    • Supply and Demand
    • Current Issues/trends/challenges
    • Competition and Companies Involved in the Market
    • Value Chain of the Market
    • Market Drivers and Restraints

 

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About us

 

Fatpos Global stands for “Failures Are The Pillar of Success”. We are a rapidly-growing global management consulting, advisory, and market research services provider that aims to aid businesses with bold decisions that help them embrace change for their sustainable growth. With the help of our experts and industry veterans and their years of expertise across different industry verticals, we aid businesses with solutions that help in their efficient decision making and Developing executable strategies. With a vibrant ecosystem of robust digital innovation and a vision for the delivery of management consulting, advisory, and market research services and solutions in better, faster, and transformational growth strategies, we thrive to enable our extraordinary thought leadership processes into our services with the equitable analytical tools and experiences that help us make our clients achieve their goals turn into a reality

Contact us

Fatpos Global

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Philadelphia,

PA 19103, USA

+1 (484) 775 0523

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