Fish Meal Market Size, Demand, Statistics and Industry Trends 2023-2028

According to IMARC Group's latest report, titled "Fish Meal Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the global fish meal market is expected to exhibit a growth rate (CAGR) of 7.2% during 2023-2028. Fish Meal is a nutrient-rich feed ingredient used primarily in diets for domestic animals, including aquaculture, poultry, and swine industries. It is produced by cooking, pressing, drying, and grinding fish or fish waste into a powdery substance. Characteristically, fish meal is rich in protein, amino acids, vitamins, and minerals, providing essential nutrients for animal growth. It comes in various qualities and types, such as whole fish meal, fish trimmings meal, and specialized meals, to cater to different nutritional needs and price points. Key components often include controlled cooking for optimal nutrient preservation, oil extraction for consistency, and quality assurance processes for maintaining standardization. The complex attributes of fish meal make its selection an integral part of the animal feed formulation.

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Fish Meal Market Trends:

The increasing demand for protein-rich animal feeds and the rising awareness of nutritional requirements in animal diets are key drivers advancing the growth of the fish meal market globally. Coinciding with this trend, fish meal is appreciated for its high nutritional content and adaptability in various feed mixtures, significantly influencing market growth. Moreover, technological advancements in fish meal processing have enabled the creation of diverse products, catering to specific dietary needs, which is propelling market growth. Additionally, the rising demand from aquaculture, poultry, and swine sectors for quality and sustainable fish meal is accelerating market expansion.

Furthermore, the need for compliance with regulations pertaining to quality standards, sustainability, and responsible sourcing is enhancing the market's growth. The global agricultural and environmental landscape, along with governmental policies supporting sustainable practices and food security, is fostering a favorable market outlook. Other factors, such as investments in research for developing innovative fish meal products and the emergence of companies specializing in fish meal production and processing, are boosting market growth worldwide.

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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This release was published on openPR.