Global Fishmeal Market Outlook
Fishmeal
Market is accounted to register a CAGR of 7.5% during the forecast period and
is estimated to reach USD 15087.33 million by 2030. The global fishmeal market
refers to the worldwide trade and consumption of fishmeal, which is a
protein-rich powder or cake produced from fish or fish by-products. Fishmeal is
primarily used as a high-quality animal feed ingredient in the aquaculture,
poultry, and livestock industries.
The
market is also influenced by factors such as the availability and
sustainability of fish stocks, regulatory policies on fishing and aquaculture,
and the overall economic conditions. Overfishing and environmental concerns
have led to efforts to promote sustainable fishing practices and alternative
protein sources in animal feed, which may impact the fishmeal market dynamics.
Segment Analysis
The
Global Fishmeal Market has been segmented based
type, source and application.
On
the basis of type, the market is segmented into ruminants, poultry, swine and
aquatic animals. Fishmeal and oil are the main health benefits in swine
breeding; thus, their sales and revenue have accelerated briskly.
Based
on source, the market has been segmented into salmon & trout, marine fish
and crustaceans. salmon is frequently utilized as a source of fishmeal, salmon
and trout farms have been slowly increasing their output of salmon to satisfy
the rising customer demand.
Based
on application, the market has been segmented into fertilizers and animal feed.
Organic farming is growing in popularity due to rising consumer health
consciousness and awareness of the health dangers of chemical fertilizers.
Regional Analysis
The
Global Fishmeal Market, based on region, has been divided into the North
America, Europe, Asia-Pacific, and Rest of the World. North America consists of
US and Canada. The Europe Global Fishmeal Market comprises of Germany, France,
the UK, Italy, Spain, and the rest of Europe. The Global Fishmeal Market in
Asia-Pacific has been segmented into China, India, Japan, Australia, South
Korea, and the rest of Asia-Pacific. The Rest of the World Global Fishmeal
Market comprises of Middle East, Africa, and Latin America.
North
America, particularly the United States, is a prominent consumer of fishmeal.
The demand for fishmeal in the region is driven by its use in the aquaculture
and livestock sectors. The U.S. also imports fishmeal from various countries to
meet its domestic requirements.
The
Asia-Pacific region, especially countries like China, Thailand, and Vietnam,
plays a crucial role in the fishmeal market. China is a major consumer and
importer of fishmeal, driven by its rapidly expanding aquaculture industry.
Europe
has a considerable presence in the fishmeal market, both as a producer and
consumer. Countries such as Denmark, Norway, and Iceland are known for their
fishmeal production from fishery by-products and trimmings. European countries
also import fishmeal for their aquaculture and livestock industries.
Furthermore,
the rest of the world's Global Fishmeal Market is divided into the Middle East,
Africa, and Latin America. Countries such as Morocco, Mauritania, and South
Africa in Africa have significant fishmeal production and export capabilities.
Oceania countries like Australia and New Zealand also have a presence in the
market. The Middle East region relies on fishmeal imports to support its
growing aquaculture industry.
The
demand for fishmeal in the region is driven by its use in the aquaculture and
livestock sectors. The U.S. also imports fishmeal from various countries to
meet its domestic requirements.
Based
on type, the market is segmented into ruminants, poultry, swine and aquatic
animals holding the largest market in 2022.
Croda
International Plc., Biomega AS, Omega Protein Corporation, Oceana Group
Limited, FMC Corporation, Calysta Inc., Austevoll Seafood ASA, Pioneer Fishing
(Pty) Ltd., Aker Biomarine Antarctic AS, The Scoular Company and Sarma Fish
S.A.R.L .
ABOUT US
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services. MRFR team have
supreme objective to provide the optimum quality market research and
intelligence services to our clients. Our market research studies by products,
services, technologies, applications, end users, and market players for global,
regional, and country level market segments, enable our clients to see more,
know more, and do more, which help to answer all their most important
questions. To stay updated with technology and work process of the industry,
MRFR often plans & conducts meet with the industry experts and industrial
visits for its research analyst members.
Contact us:
Market
Research Future (part of Wantstats Research and Media Private Limited),
99
Hudson Street,5Th Floor, New York, NewYork 10013, United States of America
Sales: +1 628 258 0071 (US)
+44 2035 002 764 (UK)
.jpg)
.jpg)
No comments:
Post a Comment