Fishmeal and Fish Oil Market Forecast 2024 to 2032
Fishmeal and Fish Oil Market was valued at USD 7452.35 Million in 2022 and is expected to register CAGR of 1.92% by 2032
Fishmeal and Fish Oil Market Forecast 2024 to 2032
Fishmeal is a brown powder or cake obtained from the processing of fish, typically small, oily fish like anchovies, herring, and menhaden. It is a valuable source of high-quality protein, essential amino acids, vitamins, and minerals. The fish are cooked, pressed, and dried to remove moisture, and then the resulting material is ground into a fine powder.
Report Overview
The Fishmeal and Fish Oil Market was valued at USD 7452.35 Million in 2022 and is expected to register CAGR of 1.92% by 2032.
Drivers:
Growing Population and Demand for Protein: The global population is continuously increasing, leading to a rising demand for animal protein.
Expansion of Aquaculture Industry: Aquaculture, including fish farming, is expanding rapidly to meet the growing seafood demand.
The Fishmeal and Fish Oil Market is segmented By Type (Fishmeal, Fish Oil), By Application (Aquaculture, Pharmaceutical, Livestock, Petfood Industry)
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Report Coverage:
| By Type | Fishmeal |
| Fish Oil | |
| By Application | Aquaculture |
| Pharmaceutical | |
| Livestock | |
| Petfood Industry | |
| By Region | North America |
| Latin America | |
| Western Europe | |
| Eastern Europe | |
| Middle East & Africa | |
| Asia Pacific | |
| Emerging Countries | |
| Report Base Year | 2022 |
| Report Forecast Year | Upto 2032 |
| Historical Data | 2018-2022 |
| Qualitative Info | Value Chain Analysis |
| Pricing Analysis | |
| Regional Outlook | |
| Market Trends | |
| Market Share Analysis | |
| Competition Analysis | |
| Technological Advancements |
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Restraints
Overfishing and Sustainability Concerns: Overfishing, especially of small pelagic fish used in fishmeal and fish oil production, poses a significant threat to marine ecosystems and fish stocks.
Price Volatility: The fishmeal and fish oil market can experience price volatility due to various factors, including fluctuations in fish stocks, changes in fishing regulations, and environmental conditions.
Key Companies
Tasa
FF Skagen
Diamante
SÜRSAN
Austevoll
Exalmar
Oceana Group
Copeinca
Corpesca
Omega Protein
Rongcheng Blue Ocean Marine Bio
Kodiak Fishmeal Company
HAYDUK
Mukka Sea Food Industries
Animalfeeds International Corporation
Orizon
TripleNine Group
KT Group
African Pioneer Group
Coomarpes
Our report takes into consideration revenues of all the Tier 1, 2, 3 players in the market
Recent News
Peruvian fishmeal, fish oil prices keep rising on El Nino fears (Click Here)
Peru’s fishmeal, fish oil shipments expected to surpass USD 2 billion this year (Click Here)
Key Questions Addressed in the Report Include:
Which market segments are generating the most revenue?
What is the geographical outlook for various market segments?
Where are the future investment opportunities considering the recent trends?
What is the effect of various market dynamics on the market and how will the market shape in future?
Which are Potential & niche segments and regions exhibiting promising growth?
What are the current challenges in Fishmeal and Fish Oil Market?
Who are the major players in the Fishmeal and Fish Oil Market and what does market share analysis looks like?
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