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Global Fishmeal Market: Demand, Growth Challenges, Industry Analysis And Forecasts To 2032
Fishmeal Market
The Business Research Company's Fishmeal Global Market Report 2023 identifies growth of the aquaculture industry as the major driver for the Fishmeal market's growth in the forecast period. Aquaculture is the practice of harvesting fish shellfish, and aquatic plants (algae, for example) in fresh, salt, and brackish waterways. Aquaculture is used to provide food, rebuild populations of endangered species, replenish natural stocks, and restore habitats of water-based species. Due to the huge demand for seafood and the decreasing annual catch of wild fish, aquaculture is predicted to grow which in turn increases the demand for the fishmeal market.
The global fishmeal market size grew from $7.92 billion in 2022 to $8.53 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. 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 market is expected to grow to $10.62 billion in 2027 at a CAGR of 5.6%.
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Major competitors in the Fishmeal market are Aker Biomarine Antarctic AS, Alpha Atlantique, Animalfeeds International Corporation, Austevoll Seafood ASA, Biomega AS, Oceana Group Limited, Omega Protein Corporation, Pioneer Fishing (Pty) Ltd., Sarma Fish S.A.R.L, Pesquera Diamante S.A. (Diamond Fishing), Pesquera Exalmar S.A.A, Pesquera Hayduk SA, FF Skagen A/S, Pelagia AS, Orizon SA, Sardina D.O.O, Austral Group S.A.A, Corporacion Pesquera Inca S.A.C., and Copeinca S.A.C
A key trend in the Fishmeal market includes Innovative fishmeal products. Major companies operating in the fishmeal sector are introducing new products in the market to comply with the growing demand for new and nutrition-rich fishmeal for animals.
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https://www.thebusinessresearchcompany.com/report/fishmeal-global-market-report
The Fishmeal market is segmented -
1) By Livestock: Ruminants, Poultry, Swine, Aquatic Animals, Other Livestocks
2) By Source: Salmon and Trout, Marine Fish, Carps, Crustaceans, Tilapia, Other Sources
3) By Application: Fertilizers, Animal Feed, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Fishmeal market.
The Business Research Company's "Global Fishmeal 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 Market Include:
1. Executive Summary
2. Fishmeal Market Characteristics
3. Fishmeal Market Trends And Strategies
4. Fishmeal Market - Macro Economic Scenario
5. Fishmeal Market Size And Growth
.......
26. Africa Fishmeal Market
27. Fishmeal Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fishmeal Market
29. Fishmeal Market Future Outlook and Potential Analysis
30. Appendix
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