Fish Meal Market: Global Industry Outlook, Size, Share, Growth (CAGR of 7.6%), Top Companies Analysis and Research Report 2022-2027

According to IMARC Group's latest report, titled "Fish Meal Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global fish meal market is expected to exhibit a CAGR of 7.6% during 2022-2027. Fish meal is a coarsely ground powder that is made from cooked fish, such as herring, anchovies, menhaden, capelin, and sardines. It is manufactured by pressing, drying, cooking, and milling raw fish or fish trimmings. Fish meal is largely used in fertilizers and animal feeds, especially for swine, mink, poultry, farm-raised fish, and pets, as it offers essential lipids, minerals, vitamins, and fatty acids. It also provides high nutritional value for enhanced productivity and growth. Currently, it is widely available in cakes and powder variants and serves as a natural protein source for poultry, aquaculture, and livestock.

Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027

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Global Fish Meal Market Trends:

The surging awareness regarding the health benefits of the product, such as stimulating reproduction, mitigating disease outbreaks, and boosting metabolism, along with the rapidly expanding aquaculture sector, are primarily accelerating the fish meal market growth. This is further supported by the surging demand for high-quality seafood products across the globe. Furthermore, the escalating cases of chronic disorders due to the intake of mercury, lead, and cadmium has shifted the preference of farmers towards fish meals, which is positively contributing to the market growth. Besides this, key market players are investing heavily in advanced technologies to introduce high-quality fish meals, which, in turn, is creating a positive outlook for the market.

Competitive Landscape With Key Players:

The competitive landscape of the fish meal market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players 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
• TripleNine Group

Key Market Segmentation:

The report has segmented the global fish meal market based on raw material, species, application and region.

Breakup by Raw Material:

• Whole Fish
• By-Product from Wild Capture
• By-Product from Aquaculture

Breakup by Species:

• Marine:
o Anchovy
o Sandeel
o Menhaden
o Sprat
o Others

• Trimming

Breakup by Application:

• Aquaculture:
o Crustaceans
o Salmon and Trout
o Marine Fish
o Tilapias
o Others

• Swine
• Poultry
• Others

Breakup by Region:

• Peru
• Scandinavia:
o Denmark
o Norway
o Iceland

• China
• Thailand
• Chile
• United States
• Vietnam
• Japan
• Others

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Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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This release was published on openPR.