Fish Meal Market 2023, Global Size, Share, Growth, Trends, Leading Companies and Research Report Till 2028

IMARC Group has recently released a new research study titled “Fish Meal Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

The global fish meal market is expected to exhibit a growth rate (CAGR) of 7.2% during 2023-2028. Fish meal refers to a feed ingredient that is mainly manufactured by pressing, drying, cooking, and milling raw fish or fish trimmings. It is widely available in the form of powder or cakes and serves as a natural protein source for poultry, aquaculture, and livestock. Fish meal is usually produced from high oil-containing species of fish, such as anchovy, capelin, sardine, menhaden, etc. It offers lipids, vitamins, essential fatty acids, and minerals, providing high nutritional value for enhanced growth and productivity.

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Fish Meal Market Trends:

The escalating demand for high-quality seafood products and the expanding aquaculture sector are among the primary factors driving the fish meal market. Besides this, the rising environmental concerns towards the negative impact of chemical-based feed additives on the aquatic ecosystem are also propelling the need for naturally sourced alternatives, which are further augmenting the market growth. Moreover, the elevating requirement for fish meal that serves as a natural protein source for marine animals is also catalyzing the global market. Apart from this, the high prevalence of numerous chronic disorders, owing to the consumption of heavy metals, such as mercury, lead, cadmium, etc., that are present in conventionally cultured seafood, is acting as another significant growth-inducing factor. In addition to this, the growing popularity of high-grade feed additives for facilitating reproduction, boosting metabolism, mitigating disease outbreaks, etc., on account of the emerging trend of industrialization of meat and dairy production, is also stimulating the market growth. Furthermore, the increasing awareness among the masses toward the various benefits offered by these ingredients in enhancing the quality and performance of animal feed is expected to bolster the fish meal market in the coming years.

Fish Meal Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the fish meal market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Austral Group S.A.A
• Copeinca
• Corpesca S.A. (Empresas Copec S.A)
• FF Skagen A/S
• Omega Protein Corporation (Cooke Inc)
• Pesquera Diamante S.A. (Diamond Fishing)
• Pesquera Exalmar S.A.A
• Pesquera Hayduk SA
• Tasa
• TripleNine Group

Key Market Segmentation:

The report has segmented the global fish meal market based on raw material, species, application and region.

Breakup by Raw Material:

• Whole Fish
• By-Product from Wild Capture
• By-Product from Aquaculture

Breakup by Species:

• Marine
  • Anchovy
  • Sandeel
  • Menhaden
  • Sprat
  • Others
• Trimming

Breakup by Application:

• Aquaculture
  • Crustaceans
  • Salmon and Trout
  • Marine Fish
  • Tilapias
  • Others
• Swine
• Poultry
• Others

Breakup by Region:

• Peru
• Scandinavia
  • Denmark
  • Norway
  • Iceland
• China
• Thailand
• Chile
• United States
• Vietnam
• Japan
• Others

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=3517&flag=C

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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