Global Fish Meal Market Insights:
According to MarkNtel Advisors, the Global 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. Fish meal acts as a vital constituent in many industries, such as agriculture, fertilizer, and animal feed, due to its nutrient-rich content such as high protein, Omega3, fatty acids, and minerals.
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Global Fish Meal Market Definition:
Fish meal is a commercial product that is prepared from pelagic, small, oceanic fish. It is rich in protein and is an excellent source of essential fatty acids, minerals, digestible energy, and vitamins.
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Global Fish Meal Market Possible Restraint:
Lack of Storage Facilities to Impede the Industry Expansion – The lack of facilities for suitable storage required for the fish meals acts as a potential restraint for the Global Fish Meal Market. Proper storage & drying facilities are crucial to storing fish meals, as insufficient drying may cause spoilage & decrease the shelf life of fish meals. Moreover, appropriate transportation infrastructure is typically important for cost-effective movement and proper distribution of fish meals.
Some developing countries have cold storage, which may lead to the nourishment in fish meals and is responsible for fish meal contamination. This results in the loss of product & costs as fish meals require appropriate storage facilities resulting in higher product cost, thus creating a challenge for the market.
Global Fish Meal Market Segmentation:
1. By Nature
- Organic- Market Size & Forecast 2018-2028F, USD Million
- Conventional- Market Size & Forecast 2018-2028F, USD Million
2. 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
3. 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
4. By End User
- Aquaculture- 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
Global Fish Meal Market Geographically Analysis:
5. By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Global Fish Meal Leading Companies:
- 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
- Others
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