Global Fish Meal Market to Grow at 7.2% During 2023-2028, Bolstered by Expanding Aquaculture Sector

March 18, 2021 | Food & Beverages

IMARC Group’s latest report, titled “Fish Meal Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” finds that the fish meal market is expected to grow at a CAGR of 7.2% during 2023-2028. Fish meal refers to ground powder or feed ingredient made from the cooked flesh of fish. Species such as sardines, anchovy, capelin, menhaden, cod and haddock are some of the major fish meal sources. Fish meal contains a high level of proteins, lipids and minerals and is also rich in essential fatty acids (EFAs), digestible energy and vitamins. Nowadays, fish meal is available in the form of cakes and powder and helps provide high nutritional value for enhanced growth of livestock.


Global Fish Meal Market Trends:

The global fish meal market is primarily driven by the increasing demand for naturally sourced high-quality seafood products. The growing awareness regarding the health benefits associated with the consumption of fish meal, such as mitigating disease outbreaks, stimulating reproduction and boosting metabolism, is also contributing to the market growth. Furthermore, the rising cases of chronic disorders due to the intake of lead, mercury, and cadmium during conventionally cultured seafood has shifted the preference of farmers toward fish meal, which serves as a natural protein source for aquatic animals. Furthermore, growing environmental concerns and rapid industrialization of meat and dairy production are escalating the demand for fish meal.


Market Summary:

  • Based on the raw material, the market has been categorized into whole fish, by-product from wild capture, and by-product from aquaculture
  • On the basis of the species, the market has been classified into marine (Anchovy, Sandeel, Menhaden, Sprat and others) and trimming. 
  • The market has been divided based on the application into aquaculture (crustaceans, salmon and trout, marine fish, tilapias, and others), swine, poultry, and others. Amongst these, aquaculture is the largest application segment.
  • Region-wise, the market has been segregated into Peru, Scandinavia (Denmark, Norway, and Iceland), China, Thailand, Chile, the United States, Vietnam, Japan, and others.
  • The competitive landscape of the market has been examined, with some of the key players 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 Scope:
 

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)


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.


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Global Fish Meal Market to Grow at 7.2% During 2023-2028, Bolstered by Expanding Aquaculture Sector
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