Fishmeal Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 | Aker Biomarine Antarctic AS, Alpha Atlantique, Animalfeeds International Corporation, Austevoll Seafood ASA, Biomega AS, Oceana Group Limited, Omega Protein Corporat

As per the report, the fishmeal market size has grown strongly in recent years. It will grow from $8.36 billion in 2023 to $8.88 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The fishmeal market size is expected to see strong growth in the next few years. It will grow to $11.25 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%.

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Growing Aquaculture Industry Fueling Demand For Fishmeal Market
The growth of the aquaculture industry is expected to propel the growth of the fishmeal market going forward. 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. For instance, in 2022, according to the Food and Agriculture Organization of the United Nations, a US-based specialized agency that leads international efforts to defeat hunger and improve nutrition and food security, in 2020, global production of fisheries and aquaculture production reached 214 million tonnes and worth about USD 424 billion. Additionally, in 2020, aquaculture production consisted of 87.5 million tonnes of aquatic animals mostly for use as human food, and 35.1 million tonnes of seaweed and other algae for both food and non-food use. Therefore, the growth of the aquaculture industry is driving the demand for the fishmeal market.

Emergence Of Innovative And Sustainable Fishmeal Alternatives In The Fishmeal Market
Innovative fishmeal products are gaining popularity as a major trend in the fishmeal market across the world. 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. For instance, in July 2022, Interpet, a UK-based fish-keeping, and aquarium care company launched Blagdon Fit & Wild Pond Sticks, a new recipe food for pond fish under the Blagdon brand made from insects and small crustaceans. Blagdon Fit & Wild Pond Sticks are free of fishmeal and include protein sources including mealworm meal, daphnia, bloodworms, and black soldier fly larvae which are more similar to what fish would consume in the wild. This product is created in order to provide fish with the greatest and most natural diet possible to help keep them fit and healthy.

The fishmeal market covered in this report 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

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Major companies operating in the fishmeal market include 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., 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. Copeinca S.A.C., FMC Corporation, Croda International PLC, TASA Pvt. Ltd., Corpesca SA, Colpex International S.A., Triplenine Group A/S, Pescanova SA, Pilmifresh S.A.

Contents of the report:
1. Executive Summary
2. Fishmeal Market Report Structure
3. Fishmeal Market Trends And Strategies
4. Fishmeal Market - Macro Economic Scenario
5. Fishmeal Market Size And Growth
…..
27. Fishmeal Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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