Getting The Omega 3 from Fishmeal & Fish Oil Market

Ever heard of cord liver oil? You must’ve watched the TV ads selling these nutritious tablets filled with Omega 3 fatty acids. Ever wonder where it comes from, how large the market is, and what influences fishmeal & fish oil market growth? Look no further because we will dive deep into this flourishing market in this blog.

Fishmeal & Fish Oil, The Powerhouse Of Nutrition

With increasing awareness regarding health and nutrition, we see fishmeal and fish oil become mandatory in the diet. They are protein-rich by-products of fish that are forage or low trophic level species. The difference between these two is that Fish meal is a powder obtained after cooking, pressing, drying, and milling fresh raw fish, while fish oil is liquid pressed from cooked fish.

Significant Business opportunities For Manufactures of Fishmeal And Fish Meal

The Fishmeal and Fish Oil Market market was valued at USD 13.87 billion in 2023 and is expected to grow at a CAGR of 4.39%, generating revenue of USD 20.42 billion by 2032. These numbers boost and encourage manufacturers to produce and find more ways to induce into people's daily lives. Many popular fishmeal & fish oil market key players, such as FKS Multi Agro, Mukka Proteins, Sandakan Fishmeal, Raj Fishmeal, Asia Fish Oil, Pattani Fish Meal, Austevoll Seafood, Scoular Company, etc., operate the market.

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Some growth factors influencing the market are:

• Exponential growth in the pharmaceutical industry
• Expansion of production capacity
• Growing efforts toward research and development
• Improved procuring practices and streamlining

Fishmeal and Fish Oil Sources: Types of Fishes

• Salmon & Trout

Salmon and trout are highly valued fish species in fishmeal and oil production. They are known for their rich content of omega-3 fatty acids, which are beneficial for human health. These fish are often raised in aquaculture farms, where they are fed with fishmeal-based diets to enhance their nutritional profile.

• Maine Fish

Maine fish, including species like haddock, cod, and pollock, are commonly utilized in the production of fishmeal and fish oil. These fish are found in abundance in the Atlantic Ocean, and they possess a moderate oil content.

• Crustaceans

Crustaceans, such as shrimp, crabs, and lobsters, also contribute to the production of fishmeal and fish oil. Although they are not technically fish, their high protein content and beneficial fats make them valuable in these industries. This segment is expected to contribute more to the fishmeal & fish oil market in the coming years.

• Tilapia

Tilapia, a freshwater fish species, is widely cultivated for its nutritional benefits and versatility in fishmeal and fish oil production. These fish are known for their mild taste and high protein content, making them a popular choice in aquaculture. Tilapia fishmeal and oil are used to enhance the nutritional value of animal feeds, including those for poultry, pigs, and fish.

• Carps

Carps, including common carp and silver carp, are commonly used in producing fishmeal and fish oil due to their high protein content and availability. These fish are widely farmed globally and contribute to the sustainability of the aquaculture industry.

Deep Scope Can be Witness For The Market

Recently in March 2022, a new fishmeal facility was established in Myanmar by Scoular that enabled high-quality shipment to the Asian markets. Such developments are continuously increasing, boosting the fishmeal & fish oil market. Looking at the current world scenario, people will actively opt for fishmeal and fish oil for nutrition, fertilizers, and pharma.

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