Global Fishmeal & Fish Oil Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Fishmeal & Fish Oil Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

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 additive in the animal and fish feeds. Both fishmeal and fish oil are employed as high protein ingredients in the feeds given to farmland animals and farmed fishes.

Market Overview:

The latest research study on the global Fishmeal & Fish Oil market finds that the global Fishmeal & Fish Oil market reached a value of USD 10122.18 million in 2022. It’s expected that the market will achieve USD 13233.45 million by 2028, exhibiting a CAGR of 4.57% during the forecast period.

Consumer Needs/Customer Preference Change

Consumers are more inclined to choose products that are easy to carry and easy to operate. Especially in the case of a single product line, it tends to choose a product with a lower unit price. In the future development of the Fishmeal & Fish Oil market, consumers are more inclined to choose more functional products.

Economic/Political Environmental Change

With the continuous development of the economy and changes in consumer attitudes, people are paying more and more attention to high-quality aquatic products. As the aquaculture industry continues to expand, the government has introduced a series of policy and market access barriers for the industry. There are many differences in aquatic feed regulations in different regions. With the development of the market, policy control will be more stringent.

Region Overview:

In 2022, the share of the Fishmeal & Fish Oil market in Europe stood at 18.31%.

Company Overview:

Austevoll Seafood ASA is one of the major players operating in the Fishmeal & Fish Oil market, holding a share of 8.39% in 2021.

Austevoll Seafood ASA

Austevoll Seafood ASA, a seafood company, engages in the salmon, white fish, and pelagic businesses in Norway, Europe, Asia, the United States, and South America. The company is involved in the ownership and operation of fishing vessels, as well as farming, processing, and sale of salmon and trout. It also produces white fish products, and fishmeals and fish oils; and provides frozen fish and canned fish products for direct human consumption.

TASA

TASA is a Peruvian company leader in the fishing sector, TASA produce marine foods and ingredients of high quality, added value and excellence, which have allowed it to become the leading producer and exporter of fishmeal and fish oil in the world.

Segmentation Overview:

Among different product types, Carps segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Europe segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Fishmeal & Fish Oil market covered in Chapter 3:

Empresas Copec S.A.
Coomarpes Ltda.
Pioneer Fishing (Pty) Ltd.
Omega Protein Corporation
Triplenine Group
China Fishery Group Limited.
Pesquera Diamante
Austevoll Seafood ASA
Pesquera Hayduk
Rongcheng Blue Ocean Marine Bio
Pesquera Exalmar
TASA
FF Skagen
Daybrook Fisheries, Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Fishmeal & Fish Oil market from 2018 to 2029 is primarily split into:

Salmon & Trout
Marine Fish
Crustaceans
Tilapias
Carps
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Fishmeal & Fish Oil market from 2018 to 2029 covers:

Fertilizer
Aquaculture
Pharmaceuticals
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)