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.
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.
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.
To Get Insights on the Fishmeal and Fish Oil Market: Request for a Customized Report
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, 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, 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, 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, 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.
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.
Attainment of client satisfaction being our motto, we at Polaris are happy to offer you multitude of reasons for why you should select us for your businesses.
Our commitment to our clients lies not only from the inception of our pre-on boarding discussions but also beyond the completion and delivery of our services.
We categorically offer custom-made/ tailored services for our syndicated research reports to provide you insights to meet the strategic requirements of your organization.
On lines of the industry best-practices, we offer our clients the finest in research and consulting services with the most reliable and accurate research findings.