Press release
Fish Powder Market Worth USD 7.88 Bn. in 2021, Projected to Reach USD 13.34 Billion by 2029
Fish Powder Market
The comprehensive report, Fish Powder Market Overview and Growth Trends, delves into the market's various segments, including Product Type, Source, Species, Distribution Channel, End-user, and Region. Market data has been meticulously compiled from industry participants across North America, Asia Pacific, Europe, Middle East & Africa, and South America. This report draws on robust research methodologies to provide insightful analysis, offering a detailed historical perspective from 2017 to 2020, as well as a forward-looking assessment of market drivers, limitations, prospects, and barriers.
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What are Fish Powder Market Dynamics?
Market Drivers
The surging demand for pellet feed stands out as a pivotal driver propelling the Fish Powder Market's growth. Pellet feed is recognized as a critical factor in enhancing the growth and development of cultured aquatic organisms. With 64% protein content, fish meal is a preferred raw material for high-protein synthetic feed formulations, primarily used in compound feeds for poultry, pigs, and farmed fish.
Nutritional Benefits Fuel Growth
Fish powder's multifaceted nutritional benefits underscore its rise in popularity. The product provides an exceptional protein source for animal nutrition, contributing to healthy stock growth and optimal fish farm management. In aquaculture, nutrition plays a pivotal role in delivering high-quality seafood products, and the utilization of fish powder contributes significantly to this objective.
Market Restraints and Opportunities
Despite its manifold benefits, the Fish Powder Market faces challenges, including the growth of fish meal substitutes driven by plant-based diets and environmental consciousness. Additionally, increasing fish meal prices, driven by the feed industry's dependence on imported raw resources, represent a key restraining factor for the market. However, this dynamic landscape also presents opportunities for innovation and growth in the industry.
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What is Fish Powder Market Segmentation?
Global Fish Powder Market, by Product Type
• Fish Meal Powder
• Fish Protein Powder
Global Fish Powder Market, by Source
• Whole Fish
• By-Product
According to Source, the Whole Fish segment accounted for the biggest market share in 2021 and is anticipated to maintain its leadership at the conclusion of the forecast year. In addition to fish, capture fisheries are made to catch prawns, lobsters, crabs, sea cucumbers, whales, pearl oysters, edible bivalve, and a wide range of other species. The market is anticipated to rise as a result of the expansion of the frozen food and fishing industries as well as technology developments such spiral freezers and horizontal wrapper packaging. In the By-Product segment, growth is predicted to be fueled by a rise in the production of by-products from fisheries. Powders made from fish byproducts can be added to grains like rice, corn and wheat as well as tubers like cassava.
Global Fish Powder Market, by Species
• Short-Lived
• Long-Lived
• Low-Fat
• White Flesh
Global Fish Powder Market, by Distribution Channel
• B2B
• B2C
o Store-based retailing
o Online Retailing
Global Fish Powder Market, by End-user
• Aquaculture
• Animal Feed
• Poultry
• Sports Nutrition & Dietary Supplements
• Cosmetics & Personal Care
• Pharmaceuticals
• Fertilizers
By the user, The aquaculture sector held the largest share of the fish powder market in 2021, accounting for more than half of the whole market, due to the rise in aquaculture production. The aquaculture industry is expanding due to the rising demand for fish. By enhancing nutrient digestion, fishmeal in aquatic animal diets helps to reduce contamination from wastewater effluent. Ingredients for marine feed are a limited resource, however production over the past ten years has been rather stable. Most fishmeal is used in aquaculture and farm animal feed as a high protein (60-72%) ingredient. Both for human consumption and the feed of farmed marine fish, fish oil is predominantly used.
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Who are Fish Powder Market Key Players?
• Daybrook Fisheries, Inc.
• Akash Fish Meal and Oil Pvt Ltd.
• Mexican Seafood Co.
• Mclarnon & Sons Limited
• Austevoll Seafood ASA
• Bio-marine Ingredients Ireland Ltd.
• Biomega AS
• Bio-Oregon Protein, Inc.
• Empresas Copec S.A.
• Oceana Group Limited S.A.
• Omega Protein Corporation
• Pesquera Diamante S.A.
• Sardina D.O.O.
• Scanbio Marine Group AS
• Others
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Table of content for the Fish Powder Market includes:
Global Fish Powder Market : Research Methodology
Global Fish Powder Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Fish Powder Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Fish Powder Market Segmentation
Global Market, by Product Type(2021-2029)
Global Market, by Source (2021-2029)
Global Market, by Species (2021-2029)
Global Market, by Distribution Channel (2021-2029)
Global Market, by End-user (2021-2029)
Regional Fish Powder Market (2021-2029)
Regional Market, by Product Type (2021-2029)
Regional Market, by Source (2021-2029)
Regional Market, by Species (2021-2029)
Regional Market, by Distribution Channel (2021-2029)
Regional Market, by End-user (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile : Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
To Gain More Insights into the Market Analysis, Browse Summary of the Research Report @ : https://www.maximizemarketresearch.com/request-customization/124649
Regional Insights:
The Asia Pacific leads the Fish Powder Market, followed by North America. The Asia-Pacific market is expected to exhibit the highest CAGR, driven by health-conscious populations and the integration of fish powder into medical enterprises. Europe, with its high market share, is poised for significant growth due to increased regional fish consumption, fitness trends, and changing dietary preferences.
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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