Fishmeal & Fish Oil Market
Fishmeal & Fish Oil Market Size, Share and Industry Analysis Report By Type (Fishmeal and Fish Oil); By Source (Salmon, Trout, Marine Fish, Crustaceans, Tilapia and Carps); By Livestock Application (Aquatic Animals, Swine, Poultry, Cattle and Pets); By industrial application (Fertilizers, Aquaculture and Pharma) - Forecast Year 2024 – 2031
Food & Beverage // Proteins, Vitamins and Minerals
The Fishmeal & Fish Oil Market is a dynamic and vital
sector within the global food and feed industry, driven by the increasing
demand for high-quality protein sources in animal and aquaculture feeds.
Fishmeal and fish oil, derived from fish processing by-products, serve as
essential nutritional components. This report provides an in-depth analysis of
the current state of the Fishmeal & Fish Oil Market, its key drivers,
challenges, and emerging trends shaping its future.
Fishmeal is a protein-rich powder produced from the
rendering of whole fish or fish processing by-products, while fish oil is
extracted from fish tissues, predominantly from fatty fish species. These
products are pivotal in addressing the nutritional needs of livestock, aquaculture,
and pet food industries.
Market Overview:
The Fishmeal & Fish Oil Market has witnessed remarkable
growth due to several key factors:
- Increasing Aquaculture Production: The burgeoning
aquaculture sector, driven by the rising global demand for seafood, relies
heavily on fishmeal and fish oil as essential ingredients in fish and shrimp
feeds.
- Growing Demand for Protein: In response to increasing meat
consumption, livestock industries incorporate fishmeal in animal feeds as a
high-quality protein source, thereby enhancing the nutritional value of meat
products.
- Nutritional Benefits: Fishmeal and fish oil are rich sources
of essential amino acids, omega-3 fatty acids, and micronutrients, making them
indispensable for achieving optimal growth and health in animals and fish.
- Sustainable Sourcing: Sustainable fishing practices and responsible sourcing are gaining importance, with increased focus on reducing overfishing and supporting the preservation of marine ecosystems.
Market Segmentation:
The Fishmeal & Fish Oil Market can be segmented based on
various criteria:
Product Type:
- Fishmeal
- Fish Oil
Source:
- Whole Fish
- By-Products (Heads, Bones, Offal, etc.)
End-Use Industry:
- Aquaculture
- Livestock Feed
- Pet Food
- Pharmaceuticals
- Dietary Supplements
- Others
Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Challenges and
Opportunities:
The Fishmeal & Fish Oil Market faces challenges associated
with sustainability concerns, fluctuating fish stocks, and the search for
alternative protein sources. However, these challenges have spurred innovation
and the exploration of alternative ingredients.
Competitive
Landscape:
Key players in the Fishmeal & Fish Oil Market include
companies such as Omega Protein Corporation, The Scoular Company, and Croda
International Plc. Competition in the market centers on quality assurance,
sustainability certifications, and expanding product portfolios.
Dominating Companies in Fishmeal & Fish Oil Market
- FKS MULTI AGRO
- MUKKA PROTEINS LIMITED
- ARBEE
- SANDAKAN FISHMEAL SDN BHD
- WUDI DEDA AGRICULTURE CO., LTD.
- RAJ FISHMEAL AND OIL COMPANY
- ASIA FISH OIL CORPORATION
- DAI DAI THANH SEAFOODS
- PATTANI FISH MEAL (1988) CO., LTD.
- AUSTEVOLL SEAFOOD ASA
- THE SCOULAR COMPANY
- GC REIBER OIL
- CRODA INTERNATIONAL PLC
- OCEANA GROUP LIMITED
- OMEGA PROTEIN CORPORATION
- SÜRSAN A.Þ.
- FRITZ KÖSTER HANDELSGESELLSCHAFT AG
- TASA
- TRIPLENINE
- CORPESCA S.A.
- FF SKAGEN A/S
- ABKHAZMORPROM
- PIONEER FISHING
- MAXLAND GROUP
- GOLD FIN INTERNATIONAL
Future Outlook:
The Fishmeal & Fish Oil Market is expected to continue
its growth trajectory, driven by the ongoing expansion of the aquaculture
industry and the increasing recognition of the nutritional benefits of fishmeal
and fish oil. Furthermore, the industry is likely to witness developments in
sustainable sourcing practices and the exploration of novel protein sources.
The Fishmeal & Fish Oil Market plays a critical role in
ensuring the nutritional requirements of animals, aquaculture, and even humans
are met. This report provides valuable insights into the market's current
state, challenges, and future prospects, serving as a resource for
decision-makers, stakeholders, and industry participants.
For a comprehensive
market analysis, including market size, growth projections, and competitive
analysis, please refer to the complete report.
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1.
Research Sources
We at Zettabyte Analytics have a
detailed and related research methodology focussed on estimating the market
size and forecasted value for the given market. Comprehensive research
objectives and scope were obtained through secondary research of the parent and
peer markets. The next step was to validate our research by various market
models and primary research. Both top-down and bottom-up approaches were
employed to estimate the market. In addition to all the research reports, data
triangulation is one of the procedures used to evaluate the market size of
segments and sub-segments.
Research Methodology
1.1. Secondary Research
The secondary research study involves various sources and databases used
to analyze and collect information for the market-oriented survey of a specific
market. We use multiple databases for our exhaustive secondary research, such
as Factiva, Dun & Bradstreet, Bloomberg, Research article, Annual reports,
Press Release, and SEC filings of significant companies. Apart from this, a
dedicated set of teams continuously extracts data of key industry players and
makes an extensive and unique segmentation related to the latest market
development.
1.2. Primary Research
The primary research includes gathering data from specific domain
experts through a detailed questionnaire, emails, telephonic interviews, and
web-based surveys. The primary interviewees for this study include an expert
from the demand and supply side, such as CEOs, VPs, directors, sales heads, and
marketing managers of tire 1,2, and 3 companies across the globe.
1.3. Data Triangulation
The data triangulation is very important for any market study, thus we
at Zettabyte Analytics focus on at least three sources to ensure a high level
of accuracy. The data is triangulated by studying various factors and trends
from both supply and demand side. All the reports published and stored in our
repository follows a detailed process to obtain a reliable insight for our
clients.
1.4. In-House Verification
To validate the segmentation
and verify the data collected, our market expert ensures whether our research
analyst is considering fine distinction before analyzing the market.
1.5. Reporting
In the end,
presenting our research reports complied in a different format for straightforward
valuation such as ppt, pdf, and excel data pack is done.
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