The Global Fish Meal Market size is valued at around USD 205 billion in 2022 and is estimated to grow at a CAGR of about 6.5% during the forecast period, i.e., 2024-29. According to MarkNtel Advisors Study.
Global Fish Meal Market Driver:
Rising Adoption of Fish Meal Due to its Nutritional Contents to Thrive the Market Growth – The Global Fish Meal Market has been experiencing considerable adoption as fish meal contains high quality & quantities of nutrition such as proteins, minerals, fatty acids, etc. It is a valuable source of protein derived from fish processing and also acts as a typical constituent in aquaculture, agriculture, and majorly in animal feed. The usage of this meal, soil fertility & crop yields can be improved due to its phosphorous & high nitrogen content, thus contributing to the overall market growth.
Moreover, to meet the increasing demand for seafood products for the rising population in the world, the aquaculture industry needs fish meals as a good solution as they contain numerous nutrients. In addition, the environmentally friendly trait of fish meals further aids the consumer’s preferences for sustainable & organic solutions for agriculture strategies. Thus, such aspects of the fish meals to drive the overall market during the forecast period.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Fish Meal Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2029
- By Nature
- Organic- Market Size & Forecast 2018-2028F, USD Million
- Conventional- Market Size & Forecast 2018-2028F, USD Million
- By Source
- Salmon & Trout- Market Size & Forecast 2018-2028F, USD Million
- Marine Fish- Market Size & Forecast 2018-2028F, USD Million
- Crustaceans- Market Size & Forecast 2018-2028F, USD Million
- Tilapia- Market Size & Forecast 2018-2028F, USD Million
- Others (Catfish, Tuna, Cyprinids, etc.)- Market Size & Forecast 2018-2028F, USD Million
- By Application
- Animal Feed- Market Size & Forecast 2018-2028F, USD Million
- Aqua Feed- Market Size & Forecast 2018-2028F, USD Million
- Poultry- Market Size & Forecast 2018-2028F, USD Million
- Pharmaceuticals- Market Size & Forecast 2018-2028F, USD Million
- Others (Dietary Supplements, Fertilizers, etc.)- Market Size & Forecast 2018-2028F, USD Million
- By End User
- Aquaculture- Market Size & Forecast 2018-2028F, USD Million
- Salmon & Trout- Market Size & Forecast 2018-2028F, USD Million
- Marine Fish- Market Size & Forecast 2018-2028F, USD Million
- Others (Crustaceans, Cyprinids, etc.)- Market Size & Forecast 2018-2028F, USD Million
- Poultry- Market Size & Forecast 2018-2028F, USD Million
- Swine- Market Size & Forecast 2018-2028F, USD Million
- Others (Exotic meats, small ruminants, etc.)- Market Size & Forecast 2018-2028F, USD Million
- Aquaculture- Market Size & Forecast 2018-2028F, USD Million
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Omega Protein Corporation, Pesquera Diamente S.A., Calysta Inc., Pesquera Hayduk SA, Oceana Group Limited S.A., Sardina D.O.O, TripleNine Group A/S, Empresas Copec S.A., Animal Feeds International Corporation, FF Skagen A/S, Orizon SA, Sarma Fish S.A.R.L., Pioneer Fishing Pt Ltd., Aker BioMarine Antarctic AS, The Scouler Company, and Others are looking forward to strengthening their market positions.
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