Fishmeal & Fish Oil Market Size, Share, Top Key Players, Growth, Trend and Forecast Till 2027 | Top Key Players Austevoll Seafood ASA, Croda International Plc., Oceana Group Limited

Research Reports

Feb 10, 2021

According to the current analysis of Reports and Data, the fishmeal & fish oil market was valued at USD 8.87 Billion in 2019 and is expected to reach USD 15.8 Billion by 2027 at a CAGR of 8.8%. Fishmeal is the flour processed out of the fish after milling and drying the fish and its selective body parts, whereas animal oil is that the brown or yellow liquid extracted out by pressing the cooked fish. The fishmeal & fish oil are majorly utilized as an additive within the animal and fish feeds. Both fishmeal and animal oil are employed as high protein ingredients within the feeds given to farmland animals and farmed fishes. Fish oil is majorly utilized in the farm fish feeds with a minor share used in land animal feeds.

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Leading Players Profiled in the Report Include:

Austevoll Seafood ASA (Norway), Croda International Plc. (U.K.), Oceana Group Limited (South Africa), FMC Corporation (U.S.), Omega Protein Corporation (U.S.), Tasa (South Africa), Marvesa Oils & Fats B.V. (Netherlands) and GC Rieber Oils AS (Norway).

Moreover, fishmeal isn’t fed directly (undiluted) to the animals as a feed additive. It has to be added in animal feeds by following typical inclusion rates for fishmeal, which vary among different feeds. The assembly of fishmeal and animal oil utilizes different species of fishes. However, oily fish species like anchoveta fish are usually used.

Further key findings from the report suggest

According to IFFO (The Marine Ingredients Organization), 81% of global fish oil production went to aquaculture, and 68% went to salmonids. Production of fishmeal & fish oil has remained comparatively stable. Nevertheless, the introduction of increased use for direct human consumption and precautionary quotas has reduced the volume of whole fish going for fishmeal & fish oil.

Among the source segments, salmon & trout fish segment accounts for the largest revenue share of the global fishmeal & fish oil market of about 42.6% as the salmon & trout fish growers have augmented their salmon & trout cultivation to meet the rising demand of customers across the globe.

Among the industrial application segments, the pharmaceuticals segment leads with the largest revenue share of the global fishmeal & fish oil market. It occupied a share of about 37.8%/ Fish oil is used in pharmaceutical industries as it provides EPA and DHA, which play a vital role in neurological development and mental health. Also, due to rising concerns associated with the prevalence of chronic diseases, fish oil is widely consumed in the form of Omega-3 fatty acids to maintain health and prevent cardiovascular diseases.

By region, Asia-Pacific accounted for a notable share in the global fishmeal & fish oil market in 2019 with a market share of about 39.2% and is projected to continue its dominance during the analysis period due to rapid development of aquaculture, and increasing usage of fishmeal & fish oil in countries of this region. Besides, the European fishmeal & fish oil market is expected to witness a surge in growth due to rising fishmeal & fish oil usage in developing innovative additives that provide nutrients to livestock through their feed.

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Segments covered in the report:

This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the fishmeal & fish oil market trends in each of the sub-segments from 2017 to 2027. For the purpose of this study, Reports and Data have segmented Fishmeal & Fish Oil market on the basis of livestock application, industrial application, source and region:

On the basis of source (Revenue, USD Million; 2017-2027)

Salmon & trout
Crustaceans
Marine fish
Carps
Tilapias
Others (eels, crabs, and lobsters)

On the basis of livestock application (Revenue, USD Million; 2017-2027)

Aquatic animals
Poultry
Swine
Cattle
Pets
Others (equine and other marine species)

On the basis of industrial application (Revenue, USD Million; 2017-2027)

Aquaculture
Pharmaceuticals
Fertilizers

Regional Outlook (Revenue, USD Million; 2017-2027)

North America
Europe
Asia Pacific
Middle East & Africa
Latin America

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Table of contents

Chapter 1. Market Synopsis

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2017 – 2027

Chapter 3. Indicative Metrics

3.1. Macro-Economic Indicators

3.1.1. Global food and beverages: Industry Snapshot

3.1.2. Demand from emerging economies

3.1.3. Rise in per capita disposable income

Chapter 4. Fish Meal & Fish Oil Market Segmentation & Impact Analysis

4.1. Fish Meal & Fish Oil Segmentation Analysis

4.2. Fish Meal & Fish Oil Market Impact Analysis

4.2.1. Market driver analysis

4.2.1.1. Increasing Incorporation of Fishmeal & Fish Oil in Swine and Poultry Diets

4.2.1.2. Health Benefits of Fish Meal & Fish Oil

4.2.1.3. Improving Productivity and Environmental Performance of Aquaculture

4.2.2. Market restraint analysis

4.2.2.1. The higher temperatures and droughts

4.2.3. Market opportunity analysis

4.3. Regulatory framework

4.4. Porter’s Five Force Analysis

4.4.1. Threat of New Entrants

4.4.2. Threat of Substitutes

4.4.3. Bargaining Power of Suppliers

4.4.4. Bargaining Power of Customers

4.4.5. Competitive Rivalry

4.5. Fish Meal & Fish Oil PESTEL Analysis

4.6. Porters Five Forces Model

Continued….

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