Fish Meal Market is Expected to Grow at a CAGR of 7.2% During 2023-2028 | IMARC Group

The latest report published by IMARC Group, titled "Fish Meal Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global fish meal market is expected to exhibit a growth rate (CAGR) of 7.2% during 2023-2028. Fish meal is a high-protein powder or cake made from the remains of fish after the edible parts have been removed. These remains typically include the heads, tails, bones, and other parts of the fish that are not consumed by humans. Fish meal is widely used in animal feed, particularly for livestock and aquaculture, as it is an excellent source of essential amino acids, vitamins, and minerals. The production of fish meals involves several stages, including cooking, pressing, and drying, and the resulting product can vary in quality depending on the source and processing methods.

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Fish Meal Market Trends:

The rising demand for high-protein animal feed represents a significant factor driving the market growth across the globe. In addition to this, fish meal is a high-quality protein source that is particularly beneficial for livestock and aquaculture production, which, in turn, is driving the market growth. Apart from this, the expansion of the aquaculture industry is facilitating the demand for fish meal as feed ingredients, which, is driving the market growth. Other factors, such as the increasing fish consumption and rising application of fish meal in pet foods, along with growing number of pet owners, are creating a positive outlook for the market.

Fish Meal Market 2023-2028 Competitive Analysis and Segmentation:

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

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=3517&flag=C

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• 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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