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Fishmeal & Fish Oil Market Size, Share, Price | Industry Report 2022
Fishmeal & Fish Oil Market
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“Global fishmeal & fish oil market projected to grow at a CAGR of 8.50%.”
The global fishmeal & fish oil market is projected to reach a value of USD 14.28billion by 2022, at a CAGR of 8.50% from 2017.The market is driven by factors such asgrowing trend in fishmeal & fish oil trade and the increasing global demand for quality fish. Moreover, the demand for aquaculture is increasing in export markets, which influences the supply of improved fishmeal & fish oil for animal production. However, factors such as rising prices of ingredients used in fishmeal & fish oil and environmental factors are restraining the growth of the fishmeal & fish oil market.
“Aquatic animals segment is projected to be the fastest-growing segment in the fishmeal & fish oil market.”
On the basis of livestock application, the aquatic animals segment dominated the fishmeal & fish oil market in 2016. Incorporation of fishmeal & fish oil into the diets of aquatic animals helps to increase growth rate and feed efficiency and enhances nutrient uptake, digestion, and absorption.
“Pharmaceuticals segment led the market with the largest share in 2016.”
On the basis of industrial application, fishmeal & fish oil were most widely consumed in the pharmaceuticals industry. Fish oil is used in the pharmaceuticals industry in the form of Omega-3 fatty acids; while fishmeal is used in the production of antibiotics. The consumption of long-chain Omega-3 fatty acids through fish or as an encapsulated fish oil helps to maintain health, especially cardiovascular.
Breakdown of profiles of primary participants is as follows:
• By Company Type: Tier 1 – 50 %, Tier 2 – 20%, and Tier 3 – 30%
• By Designation: C Level – 28%, D Level – 22%, and Others* – 50%
• By Region: North America –40%, Europe – 30%, Asia-Pacific – 21%, and South America – 9%
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Key players include:
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
• FMC Corporation (U.S.)
• Austevoll Sea food ASA (Norway)
• Croda International Plc (U.K.)
• Oceana Group Limited (South Africa)
• Omega Protein Corporation (U.S.)
• Sürsan (Turkey)
• The Scoular Company (U.S.)
• GC Rieber Oils (Norway)
• Marvesa (The Netherlands)
• TASA (Peru)
Research Coverage
• This study estimates the global market of fishmeal & fish oil, in terms of value, till 2022, segmented on the basis of source, livestock application, industrial application, and region.
• It offers a detailed qualitative and quantitative analysis of this market with reference to the competitive landscape, and the preferred development strategies such as investments &expansions, agreements, new product launches, and partnerships to gain a larger share of the market.
• It provides a comprehensive review of market drivers, restraints, opportunities, and challenges.
• It covers various important aspects of the market. These include analysis of the value chain, competitive landscape, market dynamics, market estimates in terms of value, and future trends in the fishmeal & fish oil market.
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