The International Fishmeal and Fish Oil Organization (IFFO) has developed a Global Standard and Certification Programme for the Responsible Supply of Fishmeal and Fish Oil (IFFO RS).
The article cited AMA's "Global Fishmeal & Fish Oil Market Study" explored CAGR of 8.3%. According to the report, Rising consumer inclination towards premium feed and food products is one of the primary growth factors for the market. An increasing awareness regarding healthier lifestyle and benefits of fishmeal and fish oil
is also expected to contribute significantly to the Fishmeal & Fish Oil market growth. Overall, Aquatic animals
applications of Fishmeal & Fish Oil, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Industrial Application, such as Fertilizers, is boosting the Fishmeal & Fish Oil market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Source Type, such as Salmon & trout, is boosting the Fishmeal & Fish Oil market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Fishmeal & Fish Oil market identified that the demand is rising in many different parts of the world as "Constantly changing lifestyle and increasing number of working class people in emerging economies". Furthermore, some recent industry insights like "In August 2023,Wild-caught fish products heavyweight Pelagia has launched a new fishmeal for aquafeed which it says delivers major benefits in the form of significantly bigger and healthier fish." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Fishmeal & Fish Oil market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Fishmeal & Fish Oil market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Fishmeal & Fish Oil market size is calculated using market estimation process, the Fishmeal & Fish Oil market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Fishmeal & Fish Oil market size has been validated using both top-down and bottom-up approaches.