Fishmeal & Fish Oil Market - Forecast(2023 - 2028)

Fish Meal & Fish Oil Market size is estimated to reach $15.66bn by 2025 and is poised to grow at a CAGR of 8.01% during the forecast period 2020-2025. Fishmeal is a commercial product obtained from the bones of wild-caught small marine fish. This process involves drying and then grinding fish or fish trimmings. Fish oil is a fatty oil obtained from fish containing large amounts of unsaturated fatty acids. Fishmeal & fish oil application in various industries has increased the demand. The major factor that is responsible for driving the market growth over the forecast period (2020-2025) is growing trend of trading fishmeal & Fish oil and increasing demand for quality fish worldwide.

Fish Meal & Fish Oil Market Report Coverage

The report: “Fish Meal & Fish Oil Market Forecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Fish Meal & Fish Oil Market. 

By Source: Salmon and Trout, Crustaceans, Marine Fish, Carps, Tilapias, Eels, Crabs and Others.
By Livestock Applications: Ruminants, Swine, Poultry, Aquaculture and Others.
By Industrial Applications: Fertilizers, Aquaculture and Pharmaceuticals.
By Geography: North America, Asia-Pacific, Europe, Rest of World



Key Takeaways
  • Geographically, the Asia Pacific region is the largest market for Fish Meal & Fish Oil owing to the rapid development of Aquaculture and increasing usage of Fish Meal & Fish Oil in this region and the market is set to grow over the forecast period (2020-2025).
  • The major driver for the Fish Meal & Fish Oil market is increasing demand for aquaculture exports and demand for quality fish over worldwide.
  • Increasing prices of fishmeal & fish oil, microbial contamination and various environmental factors are inhibiting the growth of the global fishmeal & fish oil market.
  • Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market is set be provided in the Fish Meal & Fish Oil Market report.

By Source- Segment Analysis

The global Fish Meal & Fish Oil market based on the Source has Salmon and Trout, Crustaceans, Marine Fish, Carps, Tilapias, Eels, Crabs and Others. Salmon and Trout segment is estimated to rapidly increase during the forecast period 2020-2025. This is owing to reason that it contains high percentage of bones and oil. Salmon and Trout are also poised to grow with highest CAGR over the forecast period (2020-2025) owing to increase in demand globally. 



By Industrial Applications – Segment Analysis

The global Fish Meal & Fish Oil market based on the Industrial Applications has Pharmaceuticals, Fertilizers and Aquaculture. Among the industrial applications sectors, the Pharmaceuticals segment holds the highest revenue share in the global fishmeal & fish oil market over the forecast period 2020-2025. Fish Oil in Pharmaceutical industry provides EPA & DHA, which play a vital role in neurological development and mental health.

By Geography - Segment Analysis

Asia Pacific holds major share of global Fish Meal & Fish Oil market. This is owing to increasing development of Aquaculture and increasing usage of Fish Meal & Fish Oil in this region. Additionally, the growth of Fish Meal & Fish Oil is set to boost growth as the European market develops innovative additives that provide nutrients to livestock through their feed.

Drivers – Fish Meal & Fish Oil Market 

  • Rise in Demand for High Quality Fish and exports
 
The major factors driving the growth of the Global Fish Meal & Fish Oil market are the growing trend of the Fish Meal & Fish Oil business and the growing demand for quality fish worldwide. Modernization of Livestock farms in growing regions to meet the demand of fish products is set to support the growth of the market over the forecast period (2020-2025). 

Challenges – Fish Meal & Fish Oil Market

  • Rise in cost of ingredients

Increased prices of materials used in Fishmeal & Fish Oil, availability of feed substitutes, microbial contamination and various environmental factors are inhibiting the growth of the global Fishmeal & Fish Oil market over the forecast period (2020-2025). 


Fish Meal & Fish Oil Market Industry outlook:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Fish Meal & Fish Oil Market. Key companies of this market include FMC Corporation, Austevoll Seafood ASA, Croda International Plc, Oceana Group Limited, Omega Protein Corporation, Srsan, The Scoular Company, GC Rieber Oils, Marvesa, TASA and Others.

Acquisitions/Product Launches:

  • In March 2020, GC Rieber oils collaborated with Barrington nutritionals to distribute its VivoMega Omega-3 fish oils line to the Mexican and US market places.
  • In May 2020, FMC Corporation announced the launch of Farm Intelligence, an exclusive precision agricultural platform that enables growers and advisors to more accurately predict pest pressure before it becomes a problem.

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