Research report explores the fishmeal & fish oil market

Learn details of the Size - Industry Share Report 2022

The global fishmeal & fish oil market is projected to reach a value of USD 14.28billion by 2022, at a CAGR of 8.50% from 2017.The market is driven by factors such asgrowing trend in fishmeal & fish oil trade and the increasing global demand for quality fish. Moreover, the demand for aquaculture is increasing in export markets, which influences the supply of improved fishmeal & fish oil for animal production.

However, factors such as rising prices of ingredients used in fishmeal & fish oil and environmental factors are restraining the growth of the fishmeal & fish oil market.

On the basis of livestock application, the aquatic animals segment dominated the fishmeal & fish oil market in 2016.

Incorporation of fishmeal & fish oil into the diets of aquatic animals helps to increase growth rate and feed efficiency and enhances nutrient uptake, digestion, and absorption.

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On the basis of industrial application, fishmeal & fish oil were most widely consumed in the pharmaceuticals industry. Fish oil is used in the pharmaceuticals industry in the form of Omega-3 fatty acids; while fishmeal is used in the production of antibiotics.

The consumption of long-chain Omega-3 fatty acids through fish or as an encapsulated fish oil helps to maintain health, especially cardiovascular.

Breakdown of profiles of primary participants is as follows:

• By Company Type: Tier 1 – 50 %, Tier 2 – 20%, and Tier 3 – 30%
• By Designation: C Level – 28%, D Level – 22%, and Others* – 50%
• By Region: North America –40%, Europe – 30%, Asia-Pacific – 21%, and South America – 9%

Key players include:

(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*

• FMC Corporation (U.S.)
• Austevoll Sea food ASA (Norway)
• Croda International Plc (U.K.)
• Oceana Group Limited (South Africa)
• Omega Protein Corporation (U.S.)
• Sürsan (Turkey)
• The Scoular Company (U.S.)
• GC Rieber Oils (Norway)
• Marvesa (The Netherlands)
• TASA (Peru)

Fishmeal & Fish Oil Market Size - Industry Share Report 2022

Research Coverage

• This study estimates the global market of fishmeal & fish oil, in terms of value, till 2022, segmented on the basis of source, livestock application, industrial application, and region.
• It offers a detailed qualitative and quantitative analysis of this market with reference to the competitive landscape, and the preferred development strategies such as investments &expansions, agreements, new product launches, and partnerships to gain a larger share of the market.
• It provides a comprehensive review of market drivers, restraints, opportunities, and challenges.
• It covers various important aspects of the market. These include analysis of the value chain, competitive landscape, market dynamics, market estimates in terms of value, and future trends in the fishmeal & fish oil market.

 

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