IMARC Group has recently released a new research study titled “Fish Meal Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the global fish meal market size, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. The market is expected to exhibit a growth rate (CAGR) of 7.2% during 2023-2028.
Industry Definition and Application:
Fish meal is a highly nutritious, coarse powder made from cooked fish, such as anchovies, capelin, herring, menhaden, and sardines. It is produced by pressing, drying, cooking, and milling raw fish or fish trimmings, resulting in a high-protein and high-energy ingredient that is widely used in animal feed and fertilizer.
Fish meal is a rich source of essential nutrients, including lipids, minerals, vitamins, and fatty acids, making it an excellent dietary supplement for swine, mink, poultry, farm-raised fish, and pets. Its high nutritional value provides enhanced productivity and growth, making it a popular choice for livestock farmers and aquaculture industries. Fish meal is available in cake and powder forms, providing a natural protein source for a variety of applications, including poultry and livestock feed, as well as fertilizer for plant growth.
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Market Trends and Drivers:
The surging awareness regarding the health benefits of the product, such as stimulating reproduction, mitigating disease outbreaks, and boosting metabolism, and the rapidly expanding aquaculture sector are some of the factors primarily accelerating the market growth.
This is further supported by the growing demand for high-quality seafood products. Furthermore, the escalating cases of chronic disorders due to the intake of mercury, lead, and cadmium are positively contributing to the market growth. Besides this, key market players are investing heavily in advanced technologies to introduce high-quality fish meals, which is creating a positive outlook for the market.
Competitive Landscape With Key Players:
The competitive landscape of the fish meal market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Austral Group S.A.A
- Copeinca
- Corpesca S.A. (Empresas Copec S.A)
- FF Skagen A/S
- Omega Protein Corporation (Cooke Inc)
- Pesquera Diamante S.A. (Diamond Fishing)
- Pesquera Exalmar S.A.A
- Pesquera Hayduk SA
- Tasa
- TripleNine Group
Key Market Segmentation:
The report has segmented the global fish meal market based on raw material, species, application and region.
Breakup by Raw Material:
- Whole Fish
- By-Product from Wild Capture
- By-Product from Aquaculture
Breakup by Species:
- Marine
- Anchovy
- Sandeel
- Menhaden
- Sprat
- Others
- Trimming
Breakup by Application:
- Aquaculture
- Crustaceans
- Salmon and Trout
- Marine Fish
- Tilapias
- Others
- Swine
- Poultry
- Others
Breakup by Region:
- Peru
- Scandinavia
- Denmark
- Norway
- Iceland
- China
- Thailand
- Chile
- United States
- Vietnam
- Japan
- Others
Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/fish-meal-market
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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