Fish Meal Market Report by Type (Whole Fish, By-Product from Wild Capture, By-Product from Aquaculture), Species (Marine, Trimming), Application (Aquaculture, Swine, Poultry, and Others), and Region 2024-2032

Fish Meal Market Report by Type (Whole Fish, By-Product from Wild Capture, By-Product from Aquaculture), Species (Marine, Trimming), Application (Aquaculture, Swine, Poultry, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A3517
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Market Overview 2024-2032:

The global fish meal market is expected to exhibit a growth rate (CAGR) of 6.98% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Growth Rate 2024-2032 6.98%


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 2024-2032. 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 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
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)

Key Questions Answered in This Report

We expect the global fish meal market to exhibit a CAGR of 6.98% during 2024-2032.

The increasing demand for high-grade feed additives, such as fish meal, to stimulate reproduction, boost metabolism, mitigate disease outbreaks, etc., is primarily driving the global fish meal market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of fish meal.

Based on the application, the global fish meal market can be segmented into aquaculture, swine, poultry, and others. Currently, aquaculture holds the majority of the total market share.

On a regional level, the market has been classified into Peru, Scandinavia, China, Thailand, Chile, United States, Vietnam, Japan, and others, where Peru currently dominates the global market.

Some of the major players in the global fish meal market 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, and TripleNine Group.

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Fish Meal Market Report by Type (Whole Fish, By-Product from Wild Capture, By-Product from Aquaculture), Species (Marine, Trimming), Application (Aquaculture, Swine, Poultry, and Others), and Region 2024-2032
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