Fishmeal Market Is Driven By Growing Awareness For Fishmeal Products A Rapidly Evolving Medical Technology With A Healthy CAGR Of ~ 7.5% During The Forecast Period Of 2022 To 2030

Fishmeal Market Research Future Insights

According to MRFR analysis, Global Fishmeal market is expected to register a CAGR of ~ 7.5% from 2022 to 2030 and hold a value of over USD  15087.33 million by 2030.

The global fishmeal market refers to the worldwide market for fishmeal, which is a valuable protein-rich product used as a feed ingredient in various animal diets, particularly in aquaculture and livestock industries. Fishmeal is derived from whole fish or fish by-products, such as trimmings, offal, and bones, through a process of cooking, pressing, drying, and grinding.

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Key Players

Biomega AS (Norway), Omega Protein Corporation (US), Oceana Group Limited (South Africa), FMC Corporation (US), Calysta Inc. (U.S.), Austevoll Seafood ASA (Norway), Pioneer, Fishing (Pty) Ltd. (South Africa), Aker, Biomarine Antarctic AS (Norway), The Scoular Company (U.S.), Sarma Fish S.A.R.L (Morocco), Alpha Atlantique (Morocco), Animalfeeds International Corporation (USA) Novus International Inc. (US)

Market Segmentation

Global Fishmeal market has been segmented into Source , application, and Livestock Type    

Source : Salmon & Trout , Marine Fish ,Crustaceans , Tilapia

Livestock Type  : Ruminants ,  Poultry , Swine , Aquatic Animals

Application : Fertilizers , Animal Feed

Regional Analysis

In North America, the fishmeal market is driven by factors such as the growing aquaculture industry, increasing demand for high-protein animal feed, and rising consumer awareness about the benefits of fishmeal in animal nutrition. The United States and Canada are the key markets in this region.

Europe is a significant market for fishmeal due to the presence of a well-established aquaculture industry and high demand for fish-based products. Countries like Norway, Denmark, and Spain are major producers and consumers of fishmeal in this region. Increasing concerns about sustainable fishing practices and regulations on fishery resources could impact the market in the future.

Asia Pacific is the largest consumer and producer of fishmeal globally. Countries such as China, India, Japan, and Thailand have a significant presence in the market. The growth in aquaculture activities, expanding livestock production, and rising disposable incomes are driving the demand for fishmeal in this region.

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