Press release
Global Fishmeal and Fish Oil Market: Projected Growth, Drivers and Trends to 2029
Fish Oil Market
What Is The Projected Market Size Of The Global Fishmeal & Fish Oil Market And Its Growth Rate?
The Fishmeal and Fish Oil market has witnessed steady growth in recent years, facilitated by factors such as increased global fish consumption, nutritional benefits in animal feed, and sustainable fishing practices. Key statistics include:
•Market Size in 2024: $10.33 billion
•Market Size in 2025: $11.09 billion (CAGR of 7.3%)
•Expected Market Size in 2029: $14.62 billion (CAGR of 7.2%)
These numbers reflect continued market growth attributed to the rising demand for nutraceuticals, innovation in alternative protein sources, and increasing prevalence of hair fall.
What Is Driving The Growth In The Fishmeal & Fish Oil Market?
The Fishmeal and Fish Oil market is experiencing bulk of its growth from an increase in health consciousness among individuals. Fish is a high-quality, low-fat protein that is enriched with Omega-3 fatty acids and vitamins D and B2 (riboflavin). Consequently, the inclusion of fish in diets for at least twice a week is driving the demand for fish meals and fish oil. A poll conducted by Nutrisystem and OnePoll revealed that over 70% of Americans post the COVID pandemic are more conscious about their physical health, indicating a direct positive impact on the Fishmeal & Fish Oil market.
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Who Are the Key Players Driving Fishmeal & Fish Oil Market Growth?
Notable companies operating in the fishmeal and fish oil market include:
•Austevoll Seafood ASA
•Oceana Group Ltd.
•Omega Protein Corporation
•The Scoular Company
•GC Rieber Oils AS
•Sürsan Su Ürünleri
•TASA - Tecnologica de Alimentos SA
•Corpesca SA
•FF Skagen A/S
•Orizon SA
•Pioneer Fishing (Pty) Ltd.
What Are The Key Trends In The Fishmeal & Fish Oil Market?
Key trends propelling the Fishmeal & Fish Oil Market growth include:
•Technological advances in processing
•Research on nutritional requirements
•Development of algal-based Omega-3 products
•Integration of traceability systems
•Advancements in sustainable feed formulations
What Are The Segments Of The Global Fishmeal & Fish Oil Market?
The global Fishmeal & Fish Oil market is segmented into:
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
Which Region Leads The Fishmeal & Fish Oil Market?
Asia-Pacific dominated the Fishmeal and Fish Oil market share in 2024. Extensive coverage in the Fishmeal & Fish Oil market report include regions such as Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Fishmeal & Fish Oil Market Global Market Report?
- Market Size Analysis: Analyze the Fishmeal & Fish Oil Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Fishmeal & Fish Oil Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Fishmeal & Fish Oil Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Fishmeal & Fish Oil Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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