Press release
Fishmeal & Fish Oil Market is Likely to Experience a Tremendous Growth in Near Future | Oceana, FMC, Austevoll
Fishmeal & Fish Oil
The research assessment of the Market is designed to analyse futuristic trends, growth factors, industry opinions, and industry-validated market facts to forecast till 2029.
The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones.
Some of the players studied are FMC Corporation (United States), Austevoll Seafood ASA (Norway), Croda International PLC (United Kingdom), Oceana Group Limited (South Africa), Omega Protein Corporation (United States), Sürsan (Netherlands), The Scoular Company (United States), GC Rieber Oil (Norway), Marvesa (Netherlands), TASA (Peru)..
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The Global Fishmeal & Fish Oil Market was valued at USD 12.1 billion in 2023 and is expected to reach USD 15.4 billion by 2029, growing at a CAGR of 4.9% during 2023-2029.
Definition:
Fishmeal and fish oil are products derived from fish and are commonly used in various industries, including agriculture and aquaculture, as well as in the production of animal feeds and pet food.
Market Trends:
There has been growing awareness and concern about the sustainability of using fishmeal and fish oil, particularly due to overfishing and its impact on marine ecosystems.
Sustainable sourcing practices and certification programs, such as those by the Marine Stewardship Council (MSC), have gained importance.
Market Drivers:
The expansion of the aquaculture industry is a major driver for the demand for fishmeal and fish oil. As aquaculture production increases to meet growing global demand for seafood, the need for high-quality protein and essential fatty acids in aquafeed rises.
Market Opportunities:
The continued growth of the aquaculture industry presents a significant opportunity for fishmeal and fish oil producers.
As aquaculture continues to expand to meet the rising demand for seafood, there will be an increased need for high-quality feeds containing fishmeal and fish oil.
Global Fishmeal & Fish Oil Market Competitive Analysis
Know your current market situation! Not just new products but ongoing products are also essential to analyse due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.
Players Included in Research Coverage: FMC Corporation (United States), Austevoll Seafood ASA (Norway), Croda International PLC (United Kingdom), Oceana Group Limited (South Africa), Omega Protein Corporation (United States), Sürsan (Netherlands), The Scoular Company (United States), GC Rieber Oil (Norway), Marvesa (Netherlands), TASA (Peru).
Additionally, Past Global Fishmeal & Fish Oil Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors Swot Analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered.
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Segmentation and Targeting
Essential demographic, geographic, psychographic, and behavioural information about business segments in the Fishmeal & Fish Oil market is targeted to aid in determining the features the company should encompass in order to fit into the business's requirements. For the Consumer-based market - the study is also classified with Market Maker information in order to understand better who the clients are, their buying behaviour, and patterns.
Fishmeal & Fish Oil Product Types In-Depth: Salmon & trout, Marine fish, Crustaceans, Tilapias, Carps, Others
Fishmeal & Fish Oil Major Applications/End users: Aquatic animals, Swine, Poultry, Cattle
Fishmeal & Fish Oil Major Geographical First Level Segmentation:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
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Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyse the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyse reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Thanks for reading this article, you can also make sectional purchase or opt-in for regional report by limiting the scope to only North America, ANZ, Europe or MENA Countries, Eastern Europe or European Union.
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Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
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About Us:
HTF Market Intelligence is a leading market research company providing end-to-end syndicated and custom market reports, consulting services, and insightful information across the globe. HTF MI integrates History, Trends, and Forecasts to identify the highest value opportunities, cope with the most critical business challenges and transform the businesses. Analysts at HTF MI focuses on comprehending the unique needs of each client to deliver insights that are most suited to his particular requirements.
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