Fishmeal & Fish Oil Market Size Worth $20.42 Billion By 2032 | CAGR: 4.60%

Fishmeal & Fish Oil Market Size Worth $20.42 Billion By 2032 | CAGR: 4.60%

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, 2024-2032” 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.

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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