Fish Meal Market Outlook, Demand, Drivers and Business Opportunities to 2024-2032

IMARC Group has recently released a new research study titled “Fish Meal Market Report by Type, Species, Application and Region 2024-2032”, offers a detailed analysis of the global fish meal market size, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. The market is expected to exhibit a growth rate (CAGR) of 6.98% during 2024-2032.

Fish meal is a high-protein powder or cake made from the remains of fish after the edible parts have been removed. These remains typically include the heads, tails, bones, and other parts of the fish that are not consumed by humans. Fish meal is widely used in animal feed, particularly for livestock and aquaculture, as it is an excellent source of essential amino acids, vitamins, and minerals. The production of fish meals involves several stages, including cooking, pressing, and drying, and the resulting product can vary in quality depending on the source and processing methods.

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Fish Meal Market Trends and Drivers:

The rising demand for high-protein animal feed represents a significant factor driving the market growth across the globe. In addition to this, fish meal is a high-quality protein source that is particularly beneficial for livestock and aquaculture production, which, in turn, is driving the market growth. Apart from this, the expansion of the aquaculture industry is facilitating the demand for fish meal as feed ingredients, which, is driving the market growth. Other factors, such as the increasing fish consumption and rising application of fish meal in pet foods, along with growing number of pet owners, are creating a positive outlook for the market.

Competitive Landscape:

The competitive landscape of the fish meal market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Austral Group S.A.A
  • Copeinca
  • Corpesca S.A. (Empresas Copec S.A)
  • FF Skagen A/S
  • Omega Protein Corporation (Cooke Inc)
  • Pesquera Diamante S.A. (Diamond Fishing)
  • Pesquera Exalmar S.A.A
  • Pesquera Hayduk SA
  • Tasa
  • TripleNine Group

Key Market Segmentation:

The report has segmented the global fish meal market based on raw material, species, application and region.

Breakup by Raw Material:

  • Whole Fish
  • By-Product from Wild Capture
  • By-Product from Aquaculture

Breakup by Species:

  • Marine
    Anchovy
    Sandeel
    Menhaden
    Sprat
    Others
  • Trimming

Breakup by Application:

  • Aquaculture
    Crustaceans
    Salmon and Trout
    Marine Fish
    Tilapias
    Others
  • Swine
  • Poultry
  • Others

Breakup by Region:

  • Peru
  • Scandinavia
    Denmark
    Norway
    Iceland
  • China
  • Thailand
  • Chile
  • United States
  • Vietnam
  • Japan
  • Others

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Key Highlights of the Report:

  • Market Performance (2018-2023)
  • Market Outlook (2024-2032)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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