The global demand for Fishmeal Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Fishmeal is a broad term for a nutrient-rich feed content utilized primarily in diets for domestic animals. It is sometimes also used as a high-quality organic fertilizer. Fish meal is a marketable product typically made from fish that are not utilized for human consumption. Fishmeal is usually utilized to feed farm animals in an agricultural setting. Fishmeal is prepared from the bones and offal leftover from fish trapped by commercial fisheries. Fish meal is a coarsely ground powder prepared from fish-cooked flesh. Fish meal is currently mainly used in animal feed, specifically for poultry, mink, swine, farm-raised fish, and pets.
Market Dynamics
The improving productivity and environmental performance of aquaculture is the major factor driving the Fishmeal market. Fishmeal is extensively utilized in the form of fertilizer as it is a rich organic nitrogen source, which helps plants grow at a faster rate leads to high market demand from the agriculture sector. The rising demand for protein additives in animal feed is stimulating high market demand in the forecast period. Moreover, sustainable intensification of aquaculture and increasing awareness about the fish meal diet such as blood meals, meat, and bone in animal feed is likely to create lucrative growth opportunities for key players of the Fishmeal market in the coming years.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of fishmeal. The growth and trends of fishmeal industry provide a holistic approach to this study.
Market Segmentation
This section of the fishmeal market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Source
- Salmon & Trout
- Marine Fish
- Crustaceans
- Tilapia
- Others
By Livestock
- Ruminants
- Poultry
- Swine
- Aquatic Animals
- Others
By Application
- Fertilizers
- Animal Feed
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Fishmeal market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Fishmeal Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the fishmeal market include Corpesca S.A. (Empresas Copec S.A), FF Skagen A/S, Biomega AS, Austral Group S.A.A, Copeinca, Omega Protein Corporation (Cooke Inc), Pesquera Exalmar S.A.A, Pesquera Hayduk SA, Tasa and TripleNine Group. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.