Press release
Rapid development of aquaculture and the rising consumption of fish & shrimp has boosted the Global Fishmeal & Fish Oil Market to 8.58% CAGR during 2018-2024.
Fishmeal is the flour processed out of the fish after milling and drying the fish and its selective body parts, whereas fish oil is the brown or yellow liquid extracted out by pressing the cooked fish. The fishmeal and fish oil are majorly used as an additive in the animal and fish feeds. Both the fishmeal and fish oil are employed as high protein ingredients in the feeds given to farmland animals and farmed fishes.
Global fishmeal & fish oil market growth is driven by factors such as increased use of fishmeal & fish oil in swine and poultry diets and the growing aquaculture industry. 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.
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Global Fishmeal & Fish Oil Market Top Players
• FMC Corporation
• Austevoll Seafood ASA
• Croda International PLC
• Oceana Protein Corporation
• Omega Protein Corporation
• Sursan
• GC Rieber Oil
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