Fish Meal Industry Projected to Grow at a CAGR of 4.4%, Reaching USD 8.7 Billion by 2034 | FMI

The fishmeal industry is anticipated to maintain steady growth throughout the forecast period, with a compound annual growth rate (CAGR) of 4.4%. Sales of fish meal are expected to rise from USD 5,633.5 million in 2024 to USD 8,698.7 million by 2034, reflecting significant market expansion.

The global fish meal market is poised for substantial growth, with demand expected to rise across various sectors, driven by the increasing need for high-quality protein sources in animal feed, aquaculture, and fertilizer applications. As the global population grows and the demand for sustainable, protein-rich food increases, fish meal remains a top choice due to its superior nutritional content. This press release provides an in-depth look into the factors influencing the fish meal market, its applications, regional trends, and the key players steering its growth.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐓𝐨𝐝𝐚𝐲! https://www.futuremarketinsights.com/report-sample#5245502d47422d363031

The market is primarily driven by the increasing demand for fishmeal in aquaculture, particularly in regions like Asia-Pacific, where fish farming is a major industry. The growing population and rising incomes in developing countries have led to a surge in seafood consumption, further enhancing the demand for high-quality fish meal. Additionally, the increasing adoption of sustainable and environmentally-friendly production methods in aquaculture is contributing to the expansion of the market. Fish meal's role in the feed of poultry, swine, and other livestock is also expected to fuel its demand, as it offers a rich source of essential amino acids, omega-3 fatty acids, and other nutrients crucial for animal growth and health.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬:
• The global fish meal market is anticipated to witness significant growth from 2024 to 2034.
• The aquaculture industry remains the dominant consumer, driving a substantial portion of the market demand.
• Increasing concerns regarding sustainability and environmental impacts will influence market dynamics.
• Emerging markets in Asia-Pacific, particularly China and India, are expected to witness robust growth.
• Innovations in fish meal production methods and a focus on eco-friendly practices are paving the way for future market expansion.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
1. North America: North America is a key market for fish meal, driven by the growing demand for fish feed in aquaculture and the increasing consumption of seafood. The U.S. and Canada are major contributors to this market.
2. Europe: The European market is witnessing significant growth in the fish meal segment, particularly in countries like Norway and Denmark, which have a strong aquaculture industry. Europe is also focused on sustainable fishing practices, which favor the market's growth.
3. Asia-Pacific: Asia-Pacific is the largest and fastest-growing market for fish meal. China, Japan, and India represent the largest demand centers, with China being a leading producer and consumer of fish meal. The region is also expanding its aquaculture industry, further driving market growth.
4. Latin America: Latin American countries, particularly Peru and Chile, are leading producers and exporters of fish meal. The region is experiencing strong demand from the global aquaculture industry.
5. Middle East & Africa: The market in this region is growing at a slower pace but is expected to pick up as demand for animal feed and sustainable farming practices increases.

𝐒𝐭𝐚𝐲 𝐀𝐡𝐞𝐚𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐋𝐚𝐭𝐞𝐬𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬! https://www.futuremarketinsights.com/reports/fish-meal-market

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞
Key players in the market are leveraging advancements in fishmeal production processes and sustainable sourcing practices to cater to growing demand while addressing concerns regarding overfishing and environmental sustainability. The continued shift towards plant-based ingredients as alternatives to fish meal in certain markets also poses both a challenge and an opportunity for innovation.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐅𝐢𝐬𝐡 𝐌𝐞𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭
• Triplenine Group A/S
• Pesquera Diamante S.A.
• Ff Skagen A/S
• Biomega AS
• Sarma Fish S.A.R.L
• Aker BioMarine Antarctic AS
• Omega Protein Corporation
• Calysta, Inc.
• Novus International Inc.
• Alpha Atlantique
• Oceana Group Limited S.A.
• Empresas Copec S.A.
• Others

𝐀𝐧𝐢𝐦𝐚𝐥 𝐍𝐮𝐭𝐫𝐢𝐭𝐢𝐨𝐧 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: https://www.futuremarketinsights.com/industry-analysis/animal-nutrition

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:
1. 𝐁𝐲 𝐓𝐲𝐩𝐞:
o Fish Meal Powder: Widely used in feed applications, fish meal powder is a highly digestible protein source for various animal species.
o Fish Meal Pellets: In pellet form, fish meal is more convenient for large-scale farming and aquaculture operations.

2. 𝐁𝐲 𝐒𝐨𝐮𝐫𝐜𝐞:
o Wild-Caught Fish: The primary source of fish meal, with anchovies, menhaden, and sardines being the most commonly used fish species.
o Farmed Fish: With the growing trend of sustainable fishing practices, farmed fish is gaining traction as a source of fish meal.

3. 𝐁𝐲 𝐄𝐧𝐝-𝐔𝐬𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:
o Aquaculture: The dominant segment in the fish meal market, driven by the demand for sustainable seafood.
o Livestock: The second-largest segment, as the growing demand for poultry, pork, and beef continues to increase.
o Pet Food & Others: The increasing trend towards pet nutrition and the use of organic feed is propelling growth in this category.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐌𝐈'𝐬 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐨𝐧𝐠𝐨𝐢𝐧𝐠 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞 𝐢𝐧 𝐅𝐨𝐨𝐝 𝐚𝐧𝐝 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐃𝐨𝐦𝐚𝐢𝐧:

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This release was published on openPR.