About Fish Products
Fish products are made from fish oil and meat. This oils can be extracted from whole fish and liver. It contains high quality of protein and vitamins. Additionally, it has the medicinal value and used in pharmaceuticals. The fish oil also contains Cholesterol, other alcohols, vitamin A vitamin D and fatty alcohols. To extract the oil live fish or frozen is preferred. The liver is cut into small pieces and boiled in water. Then the oil is extracted from the water. This oil is widely used by the consumers as it has wide range of health benefits. It is fueling the market growth.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 2.76% |
The fish product market is expected to continue to grow in the coming years. Companies that can successfully address the key trends shaping the industry will be well-positioned for success. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Fish Products market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
TASA (United States), Diamante (Canada), Austevoll Seafood ASA (Norway), COPEINCA (United States), Corpesca SA (Chille), Omega Protein (United States), Coomarpes (Argentina), KT Group (United States), Cermaq (Norway) and FF Skagen (Denmark) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Nissui Group (Japan), TripleNine Group (Denmark), Austevoll Seafood ASA (Norway), China Fishery Group (Hong Kong) and Pesquera Diamante S.A (United States).
Segmentation Overview
AMA Research has segmented the market of Global Fish Products market by Type (Fish oil, Fish meal, Fish flour, Fish silage, Fish Soluble, Dish Roes and Fish Glue), Application (Food, Feed, Pharmaceutical and Others) and Region.
On the basis of geography, the market of Fish Products 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). If we see Market by Distribution, the sub-segment i.e. Online will boost the Fish Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Consumption of High Protein Meal World Wide
Market Growth Drivers:
Health Benefits of Fish Products is Fueling the Growth and Inclination of Consumers towards Health Consciousness
Challenges:
Changing Consumer Tastes and Expectations and Presence of Alternatives can affect the Market Growth
Restraints:
High Costs Associated with the Fish Products and Globalization can affect the Market
Opportunities:
Improving Economic Conditions in Developing and Developed Countries
Market Leaders and their expansionary development strategies
In October 2022, two salmon producers, Mowi ASA and Leroy Seafood Group, announced a collaboration to improve the sustainability of their packaging [1]. This isn't a direct product partnership, but it highlights collaboration within the industry.
In May 2023, High Liner Foods, a North American seafood company, launched a new line of plant-based fish alternatives called Plant Captain. This reflects a growing trend of fish product manufacturers catering to the rising demand for plant-based options.
According to the food and agricultural organization of United Nations, fish handling, processing and transportation facilities should meet the standards. It will the illness among the consumers and spoilage of food.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.