Fishmeal Market Scenario 2020 |Comprehensive Research Study, Global Analysis, Size, Share, Trend, Product Category and Business Opportunity by Forecast to 2024

Market Overview

Fishmeal is a rich source of animal protein, vitamins, minerals, and other growth factors. They are added to feed as a supplement to enhance the feed performance. Fishmeal market is observing an exponential growth based on its high usage in the aquaculture industry. Additionally, increasing demand for protein-rich animal feed and increasing awareness regarding livestock health among the livestock holder is driving the growth of global fishmeal market.

Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/5532

The developed economies of the European region is experiencing a high demand for feed additives such as fishmeal owing to high demand for protein & vitamin-rich feed. Additionally, growing awareness regarding available health benefits to animals from fishmeal is pushing the market growth in a positive direction.

The global fishmeal market is increasing due to increase in seafood consumption. Furthermore, improved processing methods and development of high-end technologies has supported the market growth in a positive direction. The market players have enough opprtunity to come up with new and improved products, which has boosted the share of fishmeal in the global market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 7.8% of the fishmeal market during the forecast period, 2017-2023.

Downstream analysis

The global fishmeal market is segmented into source and livestock.

On the basis of the type, it is segmented into salmon, trout, carps, crustaceans, tilapias, and others. Among all the types, the salmon segment is dominating the market followed by trout.

On the basis of the livestock, it is segmented into poultry, swine, ruminants, aquatic, and others. Among all, the aquatic segment is dominating the market based on increased consumption of marine products globally.

Competitive analysis

The major players in the fishmeal market

Oceana Group Limited (South Africa)
FMC Corporation (U.S.)
Biomega AS (Norway)
Croda International Plc. (U.K)
Omega Protein Corporation (U.S.)
Calysta, Inc. (U.S.)
The Scoular Company (U.S.)

Regional Analysis

The global fishmeal market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The Asia Pacific region is dominating the fishmeal market followed by North America. Growing health awareness towards livestock animals and uplifted consumption of aquatic animals have surged the demand for fishmeal. Moreover, increased demand for improved quality animal feed is driving the market of fishmeal in the Asia Pacific region.

Access Report Details @ https://www.marketresearchfuture.com/reports/fishmeal-market-5532

Furthermore, the U.K dominates the European fishmeal market. Increased demand for seafood in the European region is likely to boost the fishmeal market over the forecast period. Additionally, the major key players are actively involved in the research & development to enhance the efficiency of animal feed.

Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

This release was published on openPR.