US Fish Meal and Fish Oil Market 2021 Growth, COVID Impact, Trends

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The US fish meal and fish oil market is estimated to have a rapid CAGR of 8.2% over the forecast period (2021-2027). The growth of the fish meal and fish oil industry in the US is attributed to the increase in disposable income per capita, which has enabled higher margin purchases of fish oil and supplements, as well as a growing interest in the health benefits of consuming fish oil. The country also has a well-grown, rapidly growing aquaculture industry, which is one of the major growth drivers for the fish meal and fish oil market. The US has favorable climatic conditions that support the colonization and growth of aquaculture species. In addition, the government’s positive actions continue to drive market growth.

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Marine aquaculture in the United States supports commercial fishing, restores habitats and endangered species, contributes to seafood supplies, and maintains economic activity in coastal communities. However, the US remains a relatively small aquaculture producer. Although a small producer, the US plays an important role in the North American aquaculture market. Applied aquaculture research and technology has improved the international competitiveness and sustainability of U.S. aquaculture and reduced its reliance on imported seafood and threatened marine fisheries. The country supplies advanced technology, feed, equipment, and investment capital to other producers. In addition, freshwater aquaculture and onshore saltwater aquaculture are both important and growing US economic sectors that continue to fuel market growth for fishmeal and fish oil.

Market coverage

Market number available for – 2020-2027

Base year – 2020

Forecast period – 2021-2027

· Segment covered – by source and application

Key issues of the report

What is the market growth rate?

Which segment and which region dominates the market in the base year?

Which segment and region will project the fastest growth in the market?

How has COVID-19 affected the market?

o Recovery timeline

o Deviation from the pre-COVID forecast

o Most affected region and segment

· Who is the market leader?

· How are the actors addressing the challenges in order to keep growth going?

· Where is the investment opportunity?

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A full report on the US Fish Meal and Fish Oil Market is available at: https://www.omrglobal.com/industry-reports/us-fishmeal-and-fish-oil-market

Segment of the US fish meal and fish oil market report

By type

· Salmon trout

· Crustaceans

· Marine fish

· Carp

Others (tilapias, eels, crabs and lobsters)

After application

· Pigs

· Poultry

· Cattle

· Aquaculture

· Pets

Others (horses and other marine species)

Company profiles

BASF SE

· Croda International PLC

· FF Skagen

· GC Rieber oils

Oceana Group Ltd.

Omega Protein Corp.

· Pelagies

· Royal DSM

· Sürsan A.?

The Scoular Co.

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Media contact:
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Contact person: Mr. Anurag Tiwari
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