Fishmeal & Fish Oil Market Scope
Fishmeal is an important and very digestible fish protein and fish oil ingredient in feeds and is used for the production of feed for aquaculture and agriculture. And, Fish oil is 100 % marine oil and have a high content of very essential omega 3 fatty acids. Moreover, it is mainly used for the production of feed for farmed fish and in the production of refined fish oil for human consumption. The total European production of fishmeal and fish oil is approximately 500.000 metric tonnes of fishmeal and 170,000 tonnes of fish oil a year and the total value of production is approximately 1000 million euro/year. Exports go to a large variety of countries
According to AMA, the Global Fishmeal & Fish Oil market is expected to see growth rate of 8.3% Research Analyst at AMA estimates that United States, Netherlands and Norway Vendors will contribute to the maximum growth of Global Fishmeal & Fish Oil market throughout the predicted period.
FMC Corporation (United States), Austevoll Seafood ASA (Norway), Croda International PLC (United Kingdom), Oceana Group Limited (South Africa), Omega Protein Corporation (United States), Sürsan (Netherlands) and The Scoular Company (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are GC Rieber Oil (Norway), Marvesa (Netherlands) and TASA (Peru).
Segmentation Overview
The study have segmented the market of Global Fishmeal & Fish Oil market by Type (Steam Dried, Flame Dried and Others), by Application (Aquatic animals, Swine, Poultry, Cattle and Pets) and Region with country level break-up.
On the basis of geography, the market of Fishmeal & Fish Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Rising consumer inclination towards premium feed and food products
Market Growth Drivers:
An increasing awareness regarding healthier lifestyle and benefits of fishmeal and fish oil and Increases feed efficiency and enhances nutrient uptake
Challenges:
The low production rates and high cost of Fishmeal & Fish Oil
Restraints:
Use of fishmeal and fish oil as additive in animal feed is limited by the typical inclusion rates
Opportunities:
Constantly changing lifestyle and increasing number of working class people in emerging economies
Market Leaders and their Expansionary Development Strategies
In May 2023,Scoular has acquired Northwest Farm Food Cooperative’s frozen fish processing facility in Burlington, Washington. The facility upcycles fish trimmings by processing them into frozen fish ingredients for pet food manufacturers.
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.
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).
Key Target Audience
Fishmeal & Fish Oil Producers, Raw Material Suppliers, Fishmeal & Fish Oil Suppliers/Distributors and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.