Flue Gas Desulfurization System Market 2023 - By Size, Key Drivers, Industry Developments, Share, Future Growth Prospects And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Fishmeal & Fish Oil Global Market Report 2023 identifies increasing health consciousness among people as the major driver for the Fishmeal & Fish Oil market's growth in the forecast period. Health consciousness is a measure of how much people care about their health. There is an increase in concern about health in people due to changing lifestyles. Fish is a high-quality, low-fat protein. Omega-3 fatty acids and vitamins D and B2 are abundant in fish (riboflavin). A healthy diet should include fish at least twice a week, due to which the demand for fish meals and fish oil is increasing.

The global fishmeal & fish oil market is expected to grow from $9.00 billion in 2022 to $9.71 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the fishmeal & fish oil market is expected to grow to $12.92 billion in 2027 at a CAGR of 7.4%.

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Major competitors in the Fishmeal & Fish Oil market are FMC Corporation, Austevoll Seafood ASA, Croda International PLC, Oceana Group Ltd., Omega Protein Corporation.

A key trend in the Fishmeal & Fish Oil market includes strategic partnership. For instance, in October 2022, Algorithm, a US-based company providing omega-3 solutions, partnered with Natures Crops International, a US-based manufacturer of specialty plant oils. Through this partnership, both companies created two new omega oil combinations for use as supplements, food, and drink ingredients. These novel mixtures, called Ahiflower 80DHA and 150DHA, are the only vegan sources of omegas that provide the broadest range of omegas with excellent sensory qualities. In addition, in July 2020, the Association of Genuine Alaska Pollock Producers (GAPP), a US-based marketing agency promoting Wild Alaska Pollock, launched a partnership with three companies such as Denny's, a U-based diner company, Gorton's Seafoods, a US-based seafood firm and New England Seafood Company, a UK-based seafood company.

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The Fishmeal & Fish Oil market is segmented -

1. By Type: Steam Dried (SD), Flame Dried (FD)
2. By Source: Salmon And Trout, Marine Fish, Crustaceans, Tilapia, Carps, Other Sources
3. By Application: Aquaculture And Aquatic Feeds, Land Animal Feeds And Livestock, Agriculture And Fertilizers, Pharmaceuticals, Dietary Supplements, Other Applications
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Fishmeal & Fish Oil market.

The Business Research Company's "Global Fishmeal & Fish Oil Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Fishmeal & Fish Oil Market Include:

1. Executive Summary
2. Fishmeal & Fish Oil Market Characteristics
3. Fishmeal & Fish Oil Market Trends And Strategies
4. Fishmeal & Fish Oil Market - Macro Economic Scenario
5. Fishmeal & Fish Oil Market Size And Growth
…………………………….
26. Africa Fishmeal & Fish Oil Market
27. Fishmeal & Fish Oil Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fishmeal & Fish Oil Market
29. Fishmeal & Fish Oil Market Future Outlook and Potential Analysis
30. Appendix

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