According to the latest analysis of reports and data, the fish meal and fish oil market was valued at $ 8.87 billion in 2019 and is projected to reach $ 15.8 billion by 2027 with an annual growth rate of 8.8%. Fish meal is the meal that is processed from the fish after the fish and its selective body parts are ground and dried, while animal oil is the brown or yellow liquid that is drawn out by pressing the cooked fish. The fish meal and fish oil are mainly used as an additive in animal and fish feed. Both fish meal and animal oil are used as protein-rich ingredients in feed for farmland animals and farmed fish. Fish oil is mainly used in agricultural fish feed, with a small percentage used in land animal feed.
In addition, fish meal is not fed directly (undiluted) to the animals as a feed additive. It must be included in animal feed by following typical fishmeal inclusion rates, which vary between different feeds. Different types of fish are used in the composition of fish meal and animal oil. Usually, however, oily species of fish such as anchoveta fish are used.
The main companies in the market include: Austevoll Seafood ASA (Norway), Croda International Plc. (Great Britain), Oceana Group Limited (South Africa), FMC Corporation (USA), Omega Protein Corporation (USA), Tasa (South Africa), Marvesa Oils & Fats BV (Netherlands) and GC Rieber Oils AS (Norway).
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The report offers a complete analysis of the global Fish Meal and Fish Oil Market with detailed information and details on leading companies with their global position, production capacity, contribution to revenue and strategic plans to expand their market position. It offers SWOT analysis and Porter’s Five Forces analysis for any business. In addition, it provides a detailed overview of regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, as well as key segments of the global fish meal and fish oil market, including market share and growth rate of each segment.
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Regional analysis provides insights into key trends and requirements in each major country that may affect market growth in the region.
- North America
- UNITED KINGDOM.
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of the APAC
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of MEA
Market segment analysis:
Based on the source (Sales USD million; 2017-2027)
- Salmon trout
- Marine fish
- Others (eels, crabs and lobsters)
Based on animal application (Sales USD million; 2017-2027)
- Aquatic animals
- Others (horses and other marine species)
On the basis of industrial application (Sales USD million; 2017-2027)
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Key questions in the Global Fishmeal & Fish Oil Market Report:
- What is the CAGR turnover for the global fish meal and fish oil market in the forecast period?
- What is the expected market size of the global fish meal and fish oil market in the coming years?
- Who are the leading companies in the Global Fish Meal and Fish Oil Market?
- What are the key factors driving the fish meal and fish oil market worldwide growth?
- Which region is likely to dominate other regions in the global fish meal and fish oil market in the forecast period?
- What are the major restraints that may hamper the growth of the global Fish Meal and Fish Oil Market?
- What are the key findings of the 5 Force Analysis of the Global Fish Meal and Fish Oil Market?
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