The global fish meal and fish oil market is estimated at a significant CAGR of 5.8% during the forecast period (2021-2027). With a significant decline in the number of several marine species, governments in various countries have imposed quota restrictions on wild fishing as a measure to preserve marine life. This is alternatively leading to the growth of aquaculture, which is an effective intervention that involves raising fish in artificially controlled environments. In addition, the rearing of farmed fish is much more stable and safer from environmental influences, which subsequently leads to a steady supply of fish, which is essential for buyers such as large retailers as well as the food and hotel industries. Fish meal and fish oil are used as the main ingredient in aqua feed because of their high production yield and high protein yield. Therefore, the consumption of fish meal and fish oil is increasing along with the growth of the aquaculture industry.
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In addition, it can be observed that the production of fish oil has decreased significantly in recent years due to the lack of raw fish. This lack of production leads to a demand and supply gap for fish oil in the consumer industry. Therefore, the large end users like the aquaculture industry have started to invest in a suitable alternative to fish oil. In the absence of whole fish, fish oil can be made from by-products such as heads, viscera, and backbones as they are a very good source for making fish oil. These by-products can be processed into fish meal and fish oil. Currently, almost 30% of fish oil and fish meal is made from by-products and fish waste. Due to the shortage of whole fish, the use of by-products for fish oil is expected to increase fish oil production, further fueling the growth of the fish meal and fish oil market. However, the industry has to manage many permits from the Ministry of Production and also the Ministry of the Environment.
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Market number available for – 2020-2027
Base year – 2020
Forecast period – 2021-2027
· Segment covered – by source and application
· Regions Covered – North America, Europe, Asia Pacific, Rest of World
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 do the actors approach the challenges in order to sustain growth?
· Where is the investment opportunity?
Global Fish Meal & Fish Oil Market Report Segment
· Salmon trout
· Marine fish
Others (tilapias, eels, crabs and lobsters)
Others (horses and other marine species)
Global Fish Meal and Fish Oil Market by Region
· United States
· Great Britain
· Rest of Europe
· Rest of APAC
rest of the world
· Croda International Plc
· FF Skagen
· GC Rieber oils
Oceana Group Ltd.
Omega Protein Corp.
Royal Dsm NV
· Sürsan A.?
The Scoular Co.
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