The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm),Fish Meal Marketcomprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Fish Meal Industry Analytical Overview (2024-2029): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Fish Meal Market size is valued at around USD 205 billion in 2022 and is estimated to grow at a CAGR of about 6.5% during the forecast period, i.e., 2024-29. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2029.
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What is Included in Fish Meal MarketSegmentation?
The report has segmented the market into the following categories:
By Nature
- Organic- Market Size & Forecast 2018-2028F, USD Million
- Conventional- Market Size & Forecast 2018-2028F, USD Million
By Source
- Salmon & Trout- Market Size & Forecast 2018-2028F, USD Million
- Marine Fish- Market Size & Forecast 2018-2028F, USD Million
- Crustaceans- Market Size & Forecast 2018-2028F, USD Million
- Tilapia- Market Size & Forecast 2018-2028F, USD Million
- Others (Catfish, Tuna, Cyprinids, etc.)- Market Size & Forecast 2018-2028F, USD Million
By Application
- Animal Feed- Market Size & Forecast 2018-2028F, USD Million
- Aqua Feed- Market Size & Forecast 2018-2028F, USD Million
- Poultry- Market Size & Forecast 2018-2028F, USD Million
- Pharmaceuticals- Market Size & Forecast 2018-2028F, USD Million
- Others (Dietary Supplements, Fertilizers, etc.)- Market Size & Forecast 2018-2028F, USD Million
By End User
- Aquaculture- Market Size & Forecast 2018-2028F, USD Million
- Salmon & Trout- Market Size & Forecast 2018-2028F, USD Million
- Marine Fish- Market Size & Forecast 2018-2028F, USD Million
- Others (Crustaceans, Cyprinids, etc.)- Market Size & Forecast 2018-2028F, USD Million
- Poultry- Market Size & Forecast 2018-2028F, USD Million
- Swine- Market Size & Forecast 2018-2028F, USD Million
- Others (Exotic meats, small ruminants, etc.)- Market Size & Forecast 2018-2028F, USD Million
With possession of potential share, Aquaculture is a rapidly growing industry worldwide that is anticipated to dominate the Fish Meal Market due to the high adoption of this product. The aquaculture industry utilizes around 25% of the total fishmeal production for feeding. The farming of aquatic organisms, such as fish, mollusks, shrimps, etc., has improved globally to fulfill the demand for seafood products, resulting in the expanded adoption of fishmeal products, thus ultimately supporting the market.
Moreover, due to the high-quality nutrients, especially protein sources, the need for aquatic products is growing across the world, which is anticipated to augment over the forefront period & possibly improve the Fish Meal Market size.
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
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Key Factor Driver Fish Meal Industry Growth by 2029
Rising Adoption of Fish Meal Due to its Nutritional Contents to Thrive the Market Growth –The Global Fish Meal Market has been experiencing considerable adoption as fish meal contains high quality & quantities of nutrition such as proteins, minerals, fatty acids, etc. It is a valuable source of protein derived from fish processing and also acts as a typical constituent inaquaculture, agriculture, and majorly in animal feed. The usage of this meal, soil fertility & crop yields can be improved due to its phosphorous & high nitrogen content, thus contributing to the overall market growth.
Moreover, to meet the increasing demand for seafood products for the rising population in the world, the aquaculture industry needs fish meals as a good solution as they contain numerous nutrients. In addition, the environmentally friendly trait of fish meals further aids the consumer’s preferences for sustainable & organic solutions for agriculture strategies. Thus, such aspects of the fish meals to drive the overall market during the forecast period.
Who are the Key Players Operating in the Fish MealIndustry?
The top companies of the Fish Meal market ruling the industry are:
- Omega Protein Corporation
- Pesquera Diamente S.A.
- Calysta Inc.
- Pesquera Hayduk SA
- Oceana Group Limited S.A.
- Sardina D.O.O
- TripleNine Group A/S
- Empresas Copec S.A.
- Animal Feeds International Corporation
- FF Skagen A/S
- Orizon SA
- Sarma Fish S.A.R.L.
- Pioneer Fishing Pt Ltd.
- Aker BioMarine Antarctic AS
- The Scouler Company
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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the Fish Meal Market?
- What are the key factors that would propel and hinder the industry?
- Which geographical area dominates the Fish Meal industry?
- Which is the Leading segment in the market?
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We have our existence across the market for many years and have conducted multi-industry researchacross 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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