IMARC Group has recently released a new research study titled “Fish Meal Market Report by Type, Species, Application and Region 2024-2032”, offers a detailed analysis of the global fish meal market growth, drivers, segmentation, opportunities, trends and competitive landscape to understand the current and future market scenarios. The market is expected to exhibit a growth rate (CAGR) of 6.98% during 2024-2032.

Fish meal is a commercial product primarily made from fish that are unfit for human consumption. Rich in protein, essential amino acids, and Omega-3 fatty acids, it plays a crucial role in animal nutrition. Most of the fish meal is used in feed for poultry, swine, and especially aquaculture, where it promotes growth and enhances feed efficiency. Sustainable fishing practices and responsible sourcing are essential in its production, reflecting the growing emphasis on environmental conservation.

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Fish Meal Market Trends and Drivers:

The rise in demand for protein-rich animal feed, especially in poultry and aquaculture sectors, is leading to increased consumption of fish meal which represents one of the key factors driving the growth of the market across the globe. It serves as an essential source of proteins, amino acids, and Omega-3 fatty acids, all of which are vital for animal growth. As the emphasis on sustainable fishing practices grows, the industry is focusing on utilizing every part of the catch, including processing fish waste into fish meals. This not only reduces waste but also adds value to the fishery sector. The aquaculture industry’s rapid expansion worldwide requires large amounts of fish meal.

As fish farming continues to grow, the need for quality feed also rises, which is driving the market. Stricter regulations regarding fishing quotas and sustainable practices are impacting the availability of raw materials. Responsible sourcing and adherence to these rules are influencing the market dynamics. New technologies in fish processing and meal production have led to more efficient and environmentally friendly methods. These advancements may contribute to market growth by making production more sustainable and cost-effective. The growing awareness among consumers about the health benefits of Omega-3 fatty acids found in fish is also contributing to the rise in demand for fish meals in human dietary supplements which is creating a positive outlook for the market across the globe.

Competitive Landscape:

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

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=3517&flag=C

Key Highlights of the Report:

  • Market Performance (2018-2023)
  • Market Outlook (2024-2032)
  • 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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