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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Fishmeal and Fish Oil Market Growth
Fishmeal is a finely powdered substance that undergoes a meticulous process involving cooking, pressing, drying, and milling freshly caught raw fish. On the other hand, fish oil is a liquid extract obtained by pressing cooked fish. Both of these remarkable products exhibit extraordinary nutritional value, which is why they are widely recognised to provide significant health benefits to farmed animals.
One of the primary drivers aiding the growth of the fishmeal and fish oil market is the rapid expansion of the aquaculture sector. Aquaculture has emerged as a major source of fish production, driven by rising seafood consumption and the growing need for sustainable protein sources. Fishmeal and fish oil are crucial components in aquaculture feed formulations, providing essential nutrients for farmed fish, shrimp, and other aquatic species.
Fishmeal and Fish Oil Market Report Snapshots
Fishmeal and Fish Oil Market Size
Fishmeal and Fish Oil Market Growth
Fishmeal and Fish Oil Market Trends
Fishmeal and Fish Oil Companies
Fishmeal and Fish Oil Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 12.61 billion.
The market is projected to grow at a CAGR of 6.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 23.0 billion by 2032.
The market is being driven by the rapid expansion of the aquaculture sector enhancing the demand for animal feed and the rising demand for omega-3 products due to its health benefits.
The major trends propelling the market growth are the rising focus on sustainability and its impact on the environment and the implementation of strict government policies to better manage the fishing and aquaculture sector.
The major regional markets for the products include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Salmon and trout, crustaceans, marine fish, carps, and tilapias, among others, are the different species considered in the market report.
The major players covered in the global fishmeal and fish oil market report include Corporacion Pesquera Inca S.A.C, Colpex International S.A.C., Omega Protein Corporation, Diamond Aqua Fishes Meal, GC Rieber VivoMega AS, Oceana Group Limited, The Scoular Company, FF SKAGEN A/S, Sürsan A.S, Pelagia AS, Others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124