Fish Meal Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Fish Meal Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A3517
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Market Overview 2023-2028:

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 primarily manufactured by cooking, pressing, drying, and milling raw fish or fish trimmings. It is widely available in the form of cakes or powder and serves as a natural protein source for aquaculture, poultry, and livestock. Fish meal is usually produced from high oil containing species of fish, such as sardine, anchovy, capelin, menhaden, etc. It offers essential fatty acids, lipids, vitamins, and minerals, providing high nutritional value for enhanced growth and productivity.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Fish Meal Market Trends:

The expanding aquaculture sector coupled with the increasing demand for high-quality seafood products is propelling the market for fish meal. Furthermore, the rising environmental concerns towards the negative impact of chemical-based feed additives on the aquatic ecosystem are also augmenting the need for naturally-sourced alternatives. Additionally, the high prevalence of numerous chronic disorders due to the consumption of heavy metals, such as mercury, lead, cadmium, etc., that are present in conventionally-cultured seafood is further driving the market for fish meal. Apart from this, the growing industrialization of meat and dairy production is also bolstering the demand for high-grade feed additives, such as fish meal, for stimulating reproduction, boosting metabolism, mitigating disease outbreaks, etc. Moreover, the increasing awareness towards numerous benefits of fish-based ingredients in enhancing the quality and performance of animal feed is further catalyzing the global market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global fish meal market report, along with forecasts at the global and country level from 2023-2028. Our report has categorized the market based on raw material, species and application.

Breakup by Raw Material:

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • 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
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the keyplayers being 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 and TripleNine Group.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units Million Tons
Segment Coverage Raw Material, Species, Application, Country
Countries Covered Peru, Scandinavia (Denmark, Norway, Iceland), China, Thailand, Chile, United States, Vietnam, Japan, Others
Companies Covered 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 and TripleNine Group
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Fish Meal Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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