Market Summary
Research Methodology on Fishmeal Market
Introduction
Fishmeal is a highly nutritious, protein-rich product that is primarily used as a supplement in animal feed. Due to its high protein content and other nutrients, it has been gaining popularity among livestock farmers, who mainly use it as a feed supplement, resulting in increasing demand from the global market. Increasing demand from consumers for meat and other protein-rich products has prompted livestock farmers to increase production, which has driven the global demand for fishmeal and, in turn, the global fishmeal market.
According to a market survey by Market Research Future (MRFR), the Fishmeal Market is expected to expand at a rapid rate during the 2023-2030 forecast period. The rising global demand for fishmeal is mainly being supported by the growing demand for high-protein animal feed in North America, Europe, South America, and the Asia Pacific regions.
Research Objectives
The purpose of this research is to analyze the current and future market trends of the global fishmeal market, with emphasis on key market factors such as the growth drivers, latest trends, market developments, suppliers, pricing, and trade dynamics.
Research Methodology
This research is conducted using both primary and secondary research methods. Primary research involves interviews with key industry experts and executives, while secondary research involves hours of review of relevant literature, journals, market reports, and other sources accessible by the research team.
To further ensure the accuracy of the research results, an extensive analysis of current and past market trends, market drivers and restraints, pricing trends, product innovations, industry developments, market demand and supply, and other relevant market information is conducted.
For the primary research portion, interviews are conducted with key stakeholders involved in the global fishmeal market, such as manufacturers, distributors, traders, and suppliers. These interviews provide a deeper insight into the current and anticipated trends of the market, as well as the overall performance of the market.
To assess the current market conditions, statistical models are used to extrapolate the interview data. The data collected through these interviews are also validated using market reports, journals, and other reliable sources.
For the secondary research, the research team reviews industry-specific databases, books, websites, and other relevant materials. Additionally, the team conducts extensive internet research to gain an in-depth understanding of the market structure and the demand-supply situation.
Data Analysis
To evaluate the market performance of the Fishmeal Market, both quantitative and qualitative information is gathered and analyzed. Information gathered from primary and secondary research sources is validated through qualitative and quantitative analysis. For the qualitative data, tools such as SWOT analysis, PESTEL analysis, and Porter's 5 Forces analysis is used.
Furthermore, the research data is statistically analyzed using the latest statistical techniques in Excel. The resulting data is used to draw conclusions and provide insights into the global Fishmeal market.
Conclusion
This research report by Market Research Future provides a detailed assessment of the global Fishmeal Market and its economic performance over the 2023-2030 forecast period. The primary and secondary research performed by the research team is expected to help paint a picture of the current and anticipated performance of the market. Additionally, the research team’s analysis of both the qualitative and quantitative data helps to further strengthen the research findings.
Market Size & Forecast
Report Attribute/Metric | Details |
Market Size 2023 | USD 9.68803 billion |
Market Size 2024 | USD 10.32091 billion |
Market Size 2032 | USD 16.7985 billion |
Compound Annual Growth Rate (CAGR) | 6.28% (2024-2032) |
Base Year | 2021 |
Market Forecast Period | 2024-2032 |
Historical Data | 2020 & 2022 |
Market Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Product Type, Operating Platforms, and Region |
Geographies Covered | North America, Europe, Asia-Pacific, and the Rest of the World |
Countries Covered | The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | Biomega AS (Norway), Omega Protein Corporation (US), Oceana Group Limited (South Africa), FMC Corporation (US), Calysta Inc. (U.S.), Austevoll Seafood ASA (Norway), Pioneer, Fishing (Pty) Ltd. (South Africa), Aker, Biomarine Antarctic AS (Norway), The Scoular Company (U.S.), Sarma Fish S.A.R.L (Morocco), Alpha Atlantique (Morocco), Animalfeeds International Corporation (USA) Novus International Inc. (US) |
Key Market Opportunities | Growing awareness for fishmeal products Increased use in pharmaceutical industries |
Key Market Dynamics | Rising needs for nutrients |
Major Players
Fishmeal Source Outlook (USD Million, 2018-2030)
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Salmon & Trout
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Marine Fish
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Crustaceans
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Tilapia
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Others
Fishmeal Livestock Type Outlook (USD Million, 2018-2030)
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Ruminants
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Poultry
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Swine
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Aquatic Animals
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Others
Fishmeal Application Outlook (USD Million, 2018-2030)
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Fertilizers
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Animal Feed
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Others
Fishmeal Regional Outlook (USD Million, 2018-2030)
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North America Outlook (USD Million, 2018-2030)
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North America Fishmeal by Source
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Salmon & Trout
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Marine Fish
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Crustaceans
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Tilapia
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Others
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North America Fishmeal by Livestock Type
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Ruminants
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Poultry
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Swine
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Aquatic Animals
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Others
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North America Fishmeal by Application
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Fertilizers
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Animal Feed
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Others
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US Outlook (USD Million, 2018-2030)
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US Fishmeal by Source
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Salmon & Trout
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Marine Fish
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Crustaceans
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Tilapia
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Others
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US Fishmeal by Livestock Type
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Ruminants
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Poultry
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Swine
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Aquatic Animals
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Others
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US Fishmeal by Application
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Fertilizers
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Animal Feed
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Others
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CANADA Outlook (USD Million, 2018-2030)
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CANADA Fishmeal
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Salmon & Trout
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Marine Fish
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Crustaceans
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Tilapia
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Others
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CANADA Fishmeal by Livestock Type
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Ruminants
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Poultry
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Swine
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Aquatic Animals
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Others
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-
CANADA Fishmeal by Application
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Fertilizers
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Animal Feed
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Others
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Europe Outlook (USD Million, 2018-2030)
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Europe Fishmeal by Source
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Salmon & Trout
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Marine Fish
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Crustaceans
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Tilapia
-
Others
-
-
Europe Fishmeal by Livestock Type
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Ruminants
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Poultry
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Swine
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Aquatic Animals
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Others
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-
Europe Fishmeal by Application
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Fertilizers
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Animal Feed
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Others
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Germany Outlook (USD Million, 2018-2030)
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Germany Fishmeal by Source
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Salmon & Trout
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Marine Fish
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Crustaceans
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Tilapia
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Others
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-
Germany Fishmeal by Livestock Type
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Ruminants
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Poultry
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Swine
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Aquatic Animals
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Others
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-
Germany Fishmeal by Application
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Fertilizers
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Animal Feed
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Others
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France Outlook (USD Million, 2018-2030)
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France Fishmeal by Source
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Salmon & Trout
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Marine Fish
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Crustaceans
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Tilapia
-
Others
-
-
France Fishmeal by Livestock Type
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Ruminants
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Poultry
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Swine
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Aquatic Animals
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Others
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-
France Fishmeal by Application
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Fertilizers
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Animal Feed
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Others
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UK Outlook (USD Million, 2018-2030)
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UK Fishmeal by Source
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Salmon & Trout
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Marine Fish
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Crustaceans
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Tilapia
-
Others
-
-
UK Fishmeal by Livestock Type
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Ruminants
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Poultry
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Swine
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Aquatic Animals
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Others
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-
UK Fishmeal by Application
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Fertilizers
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Animal Feed
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Others
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ITALY Outlook (USD Million, 2018-2030)
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ITALY Fishmeal by Source
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Salmon & Trout
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Marine Fish
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Crustaceans
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Tilapia
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Others
-
-
ITALY Fishmeal by Livestock Type
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Ruminants
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Poultry
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Swine
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Aquatic Animals
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Others
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-
ITALY Fishmeal by Application
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Fertilizers
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Animal Feed
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Others
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SPAIN Outlook (USD Million, 2018-2030)
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Spain Fishmeal by Source
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Salmon & Trout
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Marine Fish
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Crustaceans
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Tilapia
-
Others
-
-
Spain Fishmeal by Livestock Type
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Ruminants
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Poultry
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Swine
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Aquatic Animals
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Others
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-
Spain Fishmeal by Application
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Fertilizers
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Animal Feed
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Others
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Rest Of Europe Outlook (USD Million, 2018-2030)
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REST OF EUROPE Fishmeal by Source
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Salmon & Trout
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Marine Fish
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Crustaceans
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Tilapia
-
Others
-
-
REST OF EUROPE Fishmeal by Livestock Type
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Ruminants
-
Poultry
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Swine
-
Aquatic Animals
-
Others
-
-
REST OF EUROPE Fishmeal by Application
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Fertilizers
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Animal Feed
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Others
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-
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Asia-Pacific Outlook (USD Million, 2018-2030)
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Asia-Pacific Fishmeal by Source
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Salmon & Trout
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Marine Fish
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Crustaceans
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Tilapia
-
Others
-
-
Asia-Pacific Fishmeal by Livestock Type
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Ruminants
-
Poultry
-
Swine
-
Aquatic Animals
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Others
-
-
Asia-Pacific Fishmeal by Application
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Fertilizers
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Animal Feed
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Others
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China Outlook (USD Million, 2018-2030)
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China Fishmeal by Source
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Salmon & Trout
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Marine Fish
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Crustaceans
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Tilapia
-
Others
-
-
China Fishmeal by Livestock Type
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Ruminants
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Poultry
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Swine
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Aquatic Animals
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Others
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-
China Fishmeal by Application
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Fertilizers
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Animal Feed
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Others
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Japan Outlook (USD Million, 2018-2030)
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Japan Fishmeal by Source
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Salmon & Trout
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Marine Fish
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Crustaceans
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Tilapia
-
Others
-
-
Japan Fishmeal by Livestock Type
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Ruminants
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Poultry
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Swine
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Aquatic Animals
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Others
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-
Japan Fishmeal by Application
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Fertilizers
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Animal Feed
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Others
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India Outlook (USD Million, 2018-2030)
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India Fishmeal by Source
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Salmon & Trout
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Marine Fish
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Crustaceans
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Tilapia
-
Others
-
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India Fishmeal by Livestock Type
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Ruminants
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Poultry
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Swine
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Aquatic Animals
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Others
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-
India Fishmeal by Application
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Fertilizers
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Animal Feed
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Others
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Australia Outlook (USD Million, 2018-2030)
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Australia Fishmeal by Source
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Salmon & Trout
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Marine Fish
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Crustaceans
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Tilapia
-
Others
-
-
Australia Fishmeal by Livestock Type
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Ruminants
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Poultry
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Swine
-
Aquatic Animals
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Others
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-
Australia Fishmeal by Application
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Fertilizers
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Animal Feed
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Others
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Rest of Asia-Pacific Outlook (USD Million, 2018-2030)
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Rest of Asia-Pacific Fishmeal by Source
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Salmon & Trout
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Marine Fish
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Crustaceans
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Tilapia
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Others
-
-
Rest of Asia-Pacific Fishmeal by Livestock Type
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Ruminants
-
Poultry
-
Swine
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Aquatic Animals
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Others
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-
Rest of Asia-Pacific Fishmeal by Application
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Fertilizers
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Animal Feed
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Others
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-
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Rest of the World Outlook (USD Million, 2018-2030)
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Rest of the World Fishmeal by Source
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Salmon & Trout
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Marine Fish
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Crustaceans
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Tilapia
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Others
-
-
Rest of the World Fishmeal by Livestock Type
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Ruminants
-
Poultry
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Swine
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Aquatic Animals
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Others
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-
Rest of the World Fishmeal by Application
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Fertilizers
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Animal Feed
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Others
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Middle East Outlook (USD Million, 2018-2030)
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Middle East Fishmeal by Source
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Salmon & Trout
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Marine Fish
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Crustaceans
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Tilapia
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Others
-
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Middle East Fishmeal by Livestock Type
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Ruminants
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Poultry
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Swine
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Aquatic Animals
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Others
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Middle East Fishmeal by Application
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Fertilizers
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Animal Feed
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Others
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Africa Outlook (USD Million, 2018-2030)
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Africa Fishmeal by Source
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Salmon & Trout
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Marine Fish
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Crustaceans
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Tilapia
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Others
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Africa Fishmeal by Livestock Type
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Ruminants
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Poultry
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Swine
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Aquatic Animals
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Others
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Africa Fishmeal by Application
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Fertilizers
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Animal Feed
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Others
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Latin America Outlook (USD Million, 2018-2030)
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Latin America Fishmeal by Source
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Salmon & Trout
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Marine Fish
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Crustaceans
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Tilapia
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Others
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Latin America Fishmeal by Livestock Type
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Ruminants
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Poultry
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Swine
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Aquatic Animals
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Others
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Latin America Fishmeal by Application
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Fertilizers
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Animal Feed
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Others
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