Growing Aquaculture Industry Fueling Demand For Fishmeal Market: An Emerging Driver Transforming The Fishmeal Market Landscape

The Fishmeal Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Fishmeal Market?
There has been vigorous growth in the fishmeal market in the past few years. The projections put the market at $8.88 billion in 2024, growing to $9.42 billion in 2025, representing a compound annual growth rate (CAGR) of 6.2%. The past growth can be credited to an increase in the worldwide need for aquaculture and animal feed, the development of the livestock and poultry sectors, heightened awareness of fishmeal's nutritional advantages, expansion in commercial fishing and processing activities, the requirement for nutrient-rich and high-protein animal feeds, and the demand from pet food and specialty feed sectors for fishmeal.

The fishmeal market is predicted to experience substantial growth in the coming years, expanding to a substantial value of $11.93 billion by 2029, with a compound annual growth rate (CAGR) of 6.1%. Various factors contributing to this growth include the increasing use of fishmeal as a source of omega-3 fatty acids in functional foods, the focus on sustainable and conscientious fishing methods, pioneering research in alternate protein sources for animal feed, the requirement for nutrient-rich feeds in animal rearing and agriculture, the widening applications of fishmeal in the nutraceutical and pharmaceutical sectors, and the rising demand for organic and non-GMO certified fishmeal products. Key trends predicted for the forecast period incorporate sophisticated processing technologies, emphasis on omega-3 fatty acids, enrichment of animal feeds, advancements in quality assurance for fishmeal, bioactive compounds and functional additives.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7524

What Are the Different Fishmeal Market Segments?
The fishmeal market covered in this report is segmented -

1) By Livestock: Ruminants, Poultry, Swine, Aquatic Animals, Other Livestock
2) By Source: Salmon and Trout, Marine Fish, Carps, Crustaceans, Tilapia, Other Sources
3) By Application: Fertilizers, Animal Feed, Other Applications

Subsegments:
1) By Ruminants: Beef Cattle, Dairy Cattle
2) By Poultry: Broilers, Layers, Turkeys
3) By Swine: Weaner Pigs, Grower-Finisher Pigs
4) By Aquatic Animals: Farmed Fish, Shrimp And Other Shellfish
5) By Other Livestock: Goats, Sheep, Horses

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7524&type=smp

What Are the Primary Drivers Shaping the Fishmeal Market?
The expansion of the aquaculture sector is anticipated to boost the fishmeal market's growth in the future. Aquaculture, which involves the cultivation of fish, shellfish, and water-based plants like algae in a variety of aquatic settings such as fresh, salt, and brackish waters, is critical for various purposes. These include food production, conservation of endangered species, reproduction of natural stocks, and rehabilitation of aquatic habitats. The rise in seafood consumption and the decline in the yearly catch of wild fish are driving the growth of the aquaculture sector, thereby stimulating the fishmeal market. For example, the Food and Agriculture Organization of the United Nations, a US-based specialized agency dedicated to eliminating hunger and enhancing nutrition and food security, reported that global fisheries and aquaculture produced a total of 223.2 million tons in August 2022. This total included 185.4 million tons (live weight) of aquatic animals such as fish, crustaceans, mollusks like mussels and squid, and 37.8 million tons (wet weight) of algae. Hence, the rise of the aquaculture sector is fueling the demand for the fishmeal market.

Which Companies Are Leading in the Fishmeal Market?
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., Croda International PLC, TASA Pvt. Ltd., Corpesca SA, Colpex International S.A., Triplenine Group A/S, Pescanova SA, Pilmifresh S.A.

What Are the Major Trends Shaping the Fishmeal Market?
Creative fishmeal items are emerging as a significant trend in the global fishmeal market. Major companies in the sector are launching new products to satisfy the increasing demand for novel and nutrient-dense fishmeal for animals. For example, Interpet, a UK-based fish-keeping and aquarium care company, introduced a new food for pond fish under the Blagdon brand in July 2022 called Blagdon Fit & Wild Pond Sticks. It's crafted from insects and tiny crustaceans, with no fishmeal, instead using protein sources like mealworm meal, daphnia, bloodworms, and black soldier fly larvae, which mirror the natural diet of fish more closely. The aim of this product is to provide fish with the most beneficial and natural diet to maintain their health and fitness.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/fishmeal-global-market-report

What Are the Top Revenue-Generating Geographies in the Fishmeal Market?
Asia-Pacific was the largest region in the fishmeal market in 2024. The regions covered in the fishmeal market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Fishmeal Market?
2. What is the CAGR expected in the Fishmeal Market?
3. What Are the Key Innovations Transforming the Fishmeal Industry?
4. Which Region Is Leading the Fishmeal Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.