A recent market intelligence report that is published by Data Insights Partner on the global Fishmeal and Fish Oil Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Fishmeal and Fish Oil Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Fishmeal and Fish Oil Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Fishmeal and Fish Oil Market `is offered. In accordance with the report, the global Fishmeal and Fish Oil Market is projected to expand at a CAGR of 7.0% over the period of forecast.
Market Insight, Drivers, Restraints& Opportunity of the Market:
Fishmeal is produced by processing out the flour out of the fish after milling and drying selective body parts of fish. Fish oil is a yellow or brown liquid extracted out by pressing cooked fish. Animal and fish feeds contain fishmeal and fish oil as a major ingredient. Fishmeal and fish oil are considered as high protein ingredients added to feeds given to terrestrial farmland animals and farmed fishes. Fish oil is mostly used in fish feeds rather than animal feeds. Fishmeal is not directly added in an undiluted form in animal feeds.
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The key drivers of growth in the fishmeal and fish oil industry are factors such as the growing usage of fishmeal and fish oil in the swine and poultry diet and improving productivity and performance of aquaculture. Since 2016, salmon and trout have become the most utilized source of fishmeal and fish oil. This is due to the fact that famers of salmon & trout fish have increased their salmon cultivation to appease the growing global demand of customers. Fishmeal is used in salmon & trout feed as one of the significant ingredients that helps to supply essential nutritional supplements to the fish. Owing to the growth of aquaculture, a huge amount of is now diverted from terrestrial livestock feed to aquatic feed. Usage of fish oil has increased in aquaculture industry as it serves as the principal source of both energy and essential fatty acids. Fishmeal and fish oil also seem to have numerous other benefits in the aquatic animals. They provide improved immunity against diseases, higher survival and growth rates and reduced incidences of deformities. Awareness among those in aquaculture business is indirectly propelling growth for the fishmeal and fish oil industry.
The key restraints of growth in the fishmeal and fish oil market is the widespread use of substitute feed ingredients and microbial contamination in the aquatic feed. Alternative to marine raw materials such as fishmeal and fish oil are mainly plant-based. These plant-based products fulfill the high prerequisite of balanced and easily digestible proteins by aquaculture. A concoction of plant based ingredients is successful in supplying the essential amino acids. Fish oil is likely to be substituted by microalgae, insect meal and GM plants. The profound usage of this wide range of alternatives serves as a challenge to the fishmeal and fish oil industry.
The Asia-Pacific region dominates the fishmeal and fish oil market currently. This region exhibits maximum consumption of fishmeal and fish oil owing to the rising population of livestock and the demand for new and advanced products. China, India, Vietnam, Thailand, and Japan, which are the developing economies of the Asia-Pacific region accord to a larger market share for fishmeal and fish oil owing to the increased regional outputs and high rates of import and export of aquaculture products.
This market intelligence report on the global Fishmeal and Fish Oil market encompasses market segments based on source, livestock application, industrial application, and country/regions.
By source, the global Fishmeal and Fish Oil Market is segregated into,
- Salmon & trout
- Marine fish
- Others (eels, crabs, and lobsters)
By livestock application, the global Fishmeal and Fish Oil Market is segmented into,
- Aquatic animals
- Others (equine and other marine species)
By industrial application, the global Fishmeal and Fish Oil Market is also classified into,
By country/region, the global Fishmeal and Fish Oil Market has been divided into,
- North America (the U.S., Canada),
- Latin America (Brazil, Mexico, Argentina and other countries),
- Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
- Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
- Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
- Oceana Group Limited
- GC Rieber Oil
- The Scoular Company
- FMC Corporation (U.S.)
- Austevoll Seafood ASA (Norway)
- Omega Protein Corporation (U.S.)
- Pesquera Exalmar S.A.A
- Corpesca SA
- FF Skagen A/S
Other players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Fishmeal and Fish Oil Market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
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Ø This study offers comprehensive yet detailed analysis of the Fishmeal and Fish Oil Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Fishmeal and Fish Oil Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø Leading market players covered this report comprise names such as FMC corporation, Austevoll Seafood ASA, Croda International PLC., Oceana Group Ltd, Omega Protein Corporation and many more.
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Fishmeal and Fish Oil caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Fishmeal and Fish Oil Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Fishmeal and Fish Oil Market
v Identification of key factors driving investment opportunities in the Fishmeal and Fish Oil Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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