Press release
Fish Powder Market Continues Strong Growth Trajectory, Projected to Reach $11.52 Billion by 2028
Fish Powder Market
Experiencing robust expansion, the fish powder market is set to surge from $8.22 billion in 2023 to an estimated $8.82 billion in 2024, showcasing a compelling Compound Annual Growth Rate (CAGR) of 7.3%. Anticipating sustained growth, the market is projected to attain $11.52 billion by 2028, demonstrating a CAGR of 6.9%.
Key Growth Drivers:
Increasing Demand for Functional Foods Powers Fish Powder Market:
The upswing in functional food production is a significant driver for the fish powder market. Recognized for providing health benefits, functional foods, including fish powder rich in calcium, antihypertensive proteins, and antioxidants, are gaining popularity. In the United States alone, sales of functional foods and beverages reached $83 billion in 2021, witnessing a 6.8% increase over 2020.
Aquaculture Growth Propels Fish Powder Market:
The expansion of aquaculture is set to drive the fish powder market forward. As an essential protein-rich feed ingredient, fish powder contributes to the growth and nutrition of cultured aquatic organisms. Global production in fisheries and aquaculture reached 214 million tons, valued at approximately USD 424 billion in 2020, as reported by the Food and Agriculture Organization of the United Nations.
Explore the Global Fish Powder Market with a Detailed Sample Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5943&type=smp
Major Players:
Leading contributors to the fish powder market include Austevoll Seafood ASA, Omega Protein Corporation, Daybrook Fisheries Inc., Cermaq Group AS, and others.
Technological Innovations Drive Sustainability:
Technological advancements are shaping the sustainability and growth of the fish powder market. Players like Cermaq Canada Ltd. adopt aeration technology to reduce CO2 emissions, showcasing a commitment to environmental responsibility. Additionally, companies launch innovative products like NaturAlgae, providing sustainable and nutritious feed ingredients for aquaculture.
Sustainable Feeding for Aquaculture:
Companies are introducing sustainable feeding solutions, exemplified by products like NaturAlgae, an omega-3 powder developed by MiAlgae. Utilizing an innovative manufacturing process that repurposes by-products from the Scotch whisky industry, NaturAlgae offers a sustainable alternative to traditional omega-3 sources from wild-caught fish, supporting environmental conservation and reducing CO2 emissions.
Regional Insights:
Asia-Pacific led the fish powder market in 2023, with Europe expected to be the fastest-growing region in the forecast period. The comprehensive market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Market Segmentation:
The fish powder market covered in this report is segmented -
1) By Source: Whole Fish, By-Product
2) By Type: Steam Dried (SD) Fish Powder, Flame Dried (FD) Fish Powder
3) By Distribution Channel: B2B, B2C
4) By Application: Swine, Poultry, Aquaculture, Other Applications
5) By End-User: Food And Beverages, Sports Nutrition and Dietary Supplements, Cosmetics and Personal Care, Pharmaceuticals, Animal Feed, Fertilizer
Access the Complete Report for In-Depth Analysis:
https://www.thebusinessresearchcompany.com/report/fish-powder-global-market-report
Fish Powder Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Fish Powder Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on fish powder market size, market drivers and trends, fish powder market major players, competitors' revenues, market positioning, and market growth across geographies. The fish powder market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
Browse Through More Similar Reports By The Business Research Company:
Fish Processing Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/fish-processing-global-market-report
Fishmeal Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/fishmeal-global-market-report
Fishing, Hunting And Trapping Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/fishing-hunting-and-trapping-global-market-report
Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Check out our:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 6500+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Global Market Model - Market Intelligence Database
The Global Market Model, The Business Research Company's flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Fish Powder Market Continues Strong Growth Trajectory, Projected to Reach $11.52 Billion by 2028 here
News-ID: 3364188 • Views: …
More Releases from The Business research company
Soaring Demand Set to Propel Digital Twin Urban Lighting Network Market to $5.82 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts._x000D_
_x000D_
How Large Will the Digital Twin Urban Lighting Network Market Size By 2025?_x000D_
In recent times, there has been a significant expansion in the market size of the digital twin urban lighting network. From $1.87 billion in 2024, the market is predicted to increase to $2.35 billion in 2025,…
Transition Toward Smart Grids Is Fueling The Growth Of The Market Due To Rising …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts._x000D_
_x000D_
Data Center Transfer Switches And Switchgears Market Size Valuation Forecast: What Will the Market Be Worth by 2025?_x000D_
The market for data center transfer switches and switchgears has experienced significant growth in the recent past. The market, which was at $3.00 billion in 2024 is projected to reach $3.32…
Cryogenic Valve For Space Market Expected to Achieve 8.9% CAGR by 2029: Growth F …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts._x000D_
_x000D_
What Is the Expected CAGR for the Cryogenic Valve For Space Market Through 2025?_x000D_
Over the past few years, the market size for cryogenic valves in the space industry has seen robust growth. The market will experience an expansion from $1.33 billion in 2024 to $1.45 billion in 2025,…
Counter Swarm Drone Technology Market Trends That Will Shape the Next Decade: In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts._x000D_
_x000D_
What Will the Counter Swarm Drone Technology Industry Market Size Be by 2025?_x000D_
The market size for counter swarm drone technology has seen a significant expansion in the last few years. It is projected to rise from $1.29 billion in 2024 to $1.62 billion in 2025, with a compound…
More Releases for Fish
Global Salmon Fish Market Report 2021-2028 | JCS Fish, Northern Fish Products Co …
The research “Salmon Fish Market Overview By Industry Size, Top Manufactures, Trends, Industry Growth, Analysis, and Forecast Till 2028”. The report is a 190+ page PDF containing a table of contents and a list of figures and tables. The Global "Salmon Fish Market" report is a profound study conducted based on the global market, which examines the ruthless structure of the general sector worldwide. Create by employing established systematic methods…
Global Salmon Fish Market 2020 consideration the impact of the COVID-19 pandemic …
Our analysis involves the study of the market taking into consideration the impact of the COVID-19 pandemic. Please get in touch with us to get your hands on an exhaustive coverage of the impact of the current situation on the market. Our expert team of analysts will provide as per report customized to your requirement.
Avail a detailed research offering a comprehensive analysis of the developments, growth outlook, driving factors,…
Fish Sauce Market Size, Share, Growth, Demand and Top Competitors are Fish Sauce …
To win the competition in the global market place, choosing this Global Fish Sauce Market research report is imperative. Businesses can acquire knowledge about complete background analysis of the industry which includes an assessment of the parental market. This Global Fish Sauce Market report takes into account different segments of the market analysis that today’s business insist. Clients get familiarity with a nice combination of best industry insight, practical solutions,…
Fish Sauce Market 2019 with Global Analysis and Players Like Thai Fish Sauce Fac …
Fish Sauce Market Share, Size, Trends, And Business chance Analysis Report 2018 embody historic information, with forecast information to 2026. This Report is useful for future strategy development, and to grasp regarding Market Drivers, Restraints, Opportunities, And world industry size, share, Growth, Trends, key players forecast to 2026.
SWOT analysis can be quite a useful tool when it comes finding the market drivers and restrains in the Fish Sauce Market which…
Fish Sauce Market SWOT Analysis with Top Key Players 2019: Thai Fish Sauce Facto …
This study categorizes the global Fish Sauce breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
This research report categorizes the global Fish Sauce market by top players/brands, region, type and end user. This report also studies the global Fish Sauce market status, competition…
Salmon Fish Industry Market In-Depth analysis to 2023 Profiling JCS Fish, Northe …
The global salmon market Is projected to grow at a healthy CAGR by 2023 over the past few years people have been more aware about protein rich diet and is benefits, Salmon ranks high in the healthy food list. Salmon has many health benefits, it is good for skin, hair, joints and brain, it is enriched with vitamins minerals and most importantly it’s a best source of omega-3, salmon is…
