Fishmeal & Fish Oil Market Share, Size, Trends, Industry Analysis Report, By Source (Salmon & Trout, Marine Fish, Crustaceans, Tilapia, Carps, and Other Sources); By Livestock; By Industrial Application; By Region; Segment Forecast, 2023-2032

Fishmeal & Fish Oil Market Share, Size, Trends, Industry Analysis Report, By Source (Salmon & Trout, Marine Fish, Crustaceans, Tilapia, Carps, and Other Sources); By Livestock; By Industrial Application; By Region; Segment Forecast, 2023-2032

The global fishmeal & fish oil market size is expected to reach USD 20.42 billion by 2032, according to a new study by Polaris Market Research. The report “Fishmeal & Fish Oil Market Share, Size, Trends, Industry Analysis Report, By Source (Salmon & Trout, Marine Fish, Crustaceans, Tilapia, Carps, and Other Sources); By Livestock; By Industrial Application; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Rise in the integration of the product in swine and poultry diets and enhancement in the productivity with environmental performance of aquaculture coupled with the maintainable intensification of agriculture are key factors propelling the market growth. Moreover, increasing use of fish by-products in pharmaceutical industry along with the surging scientific innovations and implementation on production capacity expansion activities among large players, will further stimulate the global market demand and growth. For instance, in October 2022, Scoular, Da Yang Seafood, & the Bornstein, established new fishmeal processing facility at the, Oregon.

The production of fishmeal and other related products is estimated to grow moderately over the coming years due to better utilization of by-products from fish processing industry and growing development of various other raw material sources such as algae, insects, and krill will offer lucrative opportunities in the near future. The expansion of the retail market and continuous changes in food consumption pattern of consumers and their desire to spend on their own and family’s health will support the market.

These products are being considered as the most nutritious & digestible ingredients for the farmed fish and its being increasingly used in the specific production stages of the aquaculture. Apart from this, the product production process is highly energy-sensitive and opportunities remain of producing greater-value products with less energy and lesser environmental impact.

Fishmeal & Fish Oil Market Report Highlights

Crustaceans segment is projected to grow during the anticipated period, on account of rise in the adoption of product as a dietary protein source in various fishmeal products

Aquatic animals segment accounted for highest market share in 2022, which is mainly driven high prevalence for the incorporation of aquatic animals into fish related diets

Pharma segment anticipated to gain substantial market share over the forecast period, that is mainly due to increased awareness and popularity of healthy lifestyle and nutrition consumption

North America region dominated the global market in 2022, owing to rising focus on major players on technological advancements and rise in the consumer spending capacity on protein-rich dietary foods in the region

The global key market players include Sandakan Fishmeal, The Scoular Company, Croda International, Omega Protein Corporation, Raj Fishmeal and Oil Company, and Asia Fish Oil Corporation

Fishmeal & Fish Oil Market Research has segmented the fishmeal & fish oil market report based on source, livestock, industrial application, and region:

Fishmeal & Fish Oil, Source Outlook (Revenue - USD Billion, 2019 - 2032)

Salmon & Trout

Marine Fish

Crustaceans

Tilapia

Carps

Other Sources

Fishmeal & Fish Oil, Livestock Outlook (Revenue - USD Billion, 2019 - 2032)

Aquatic Animals

Swine

Poultry

Cattle

Pets

Fishmeal & Fish Oil, Industrial Application Outlook (Revenue - USD Billion, 2019 - 2032)

Fertilizers

Aquaculture

Pharma

Fishmeal & Fish Oil, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa