Fishmeal & Fish Oil Market

2019 Analysis and Review Fishmeal & Fish Oil Market by Source - Salmon & Trout, Marine Fish, Crustaceans, Tilapia, Carps, Others for 2019 - 2029

  • 2020-04-13
  • REP-GB-11281
  • 96 Tables
  • 88 Figures
  • 250 pages
  • PDF PPT EXCEL
Fishmeal & Fish Oil Market
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Global Fishmeal & Fish Oil Market to Reach US$ 19.3 Bn by 2029

The global Fishmeal & Fish Oil market is projected to reach US$ 19.3 Bn by the end of 2029. The market was valued at US$ 10.1 Bn in 2019. If these figures hold true, the market will exhibit a CAGR of 6.7% between 2019 and 2029. Rising application of fishmeal and fish oil in breeding aquaculture and to improve production are driving the market. Fishmeal is primarily used in feeding aquatic animals and increasing their productivity so as to cater to the rising demand for fish in the world. In the coming years, the demand for fishmeal is likely to rise steadily.

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Key Research Findings

  • Growing trend of fishmeal & fish oil trading, and booming demand for quality fish worldwide are key factors enabling growth in the market.
  • Increasing demand for exports in the aquaculture market influences the supply of high-quality fishmeal & fish oil for animal feed.
  • Rising prices of raw materials used in fishmeal & fish oil, availability of raw material substitutes, microbial contamination, and various environmental factors related to quality standards and consumption standards are restraining growth of the global fishmeal & fish oil market.
  • Rapid development of aquaculture, and increasing usage of fishmeal & fish oil in countries of Asia pacific region like China, India are inducing demand in the market.
  • Europe is expected to witness a surge in growth due to rising usage of fishmeal & fish oil in developing innovative additives that provide nutrients to livestock through their feed.

Key Factor(s) Influencing the Fishmeal and Fish Oil Market

Rising Demand for Seafood: Globally, seafood demand has registered an uptick since the past several years. Being an excellent source of proteins, vitamins and minerals, seafood provides numerous health benefits. Consumers believe that seafood proteins help ameliorate health by reducing risk of cardiovascular diseases and improves vision and brain development. Moreover, rising incomes and rapid urbanization has prompted consumers to demand tastier and greater variety of foods, thus pushing up the demand for fishmeal and fish oil market.

Impact of COVID-19 on the Market

Due to the spread of the coronavirus, consumers are demanding less animal sourced products and switching to vegetarian diets. This may impact the sales of fishmeal and fish oil, as experts predict sizeable decline in demand unless the situation is contained. Prior to the spread of the pandemic, consumers sought fishmeal and essential fish oils in their medicines and dietary supplements. This was boosting the market demand in application of pharmaceuticals and supplements industry, especially in the Asia Pacific, especially from emerging countries like China and India. However, indefinite nationwide lockdowns in these countries may disrupt the overall supply chain in the market. This could hamper its growth prospects to a very large extent.

Fishmeal and Fish Oil Market Structure Analysis

  • Some of the leading players operating in the Fishmeal & Fish Oil market are Cargill (US), FMC corporation, Austevoll Seafood ASA, Croda International PLC., Oceana Group Ltd, Omega Protein Corporation, Sürsan, The Scoular Company, GC Rieber Oils, Marvesa, Tasa, Orizon, Pioneer Fishing, Triplenine Group, Pesquera Exalmar S.A.A, Corpesca SA, FF Skagen A/S, Copeinca ASA, Colpex, Mukka Sea Food Industries Pvt. Ltd among others. 
  • Investments in research to develop innovative feeds is an important strategy to augment market presence by leading players.

Report Scope

Report Metric

Details

Base year considered

2019

Actual estimates/Historical data

2015 - 2019

Forecast period

2019 - 2029

Forecast units

Value (USD) Bn

Segments covered

Product Type, Application, Form and Region

Regions covered

North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA

Key Players

 FMC corporation, Austevoll Seafood ASA, Croda International PLC., Oceana Group Ltd, Omega Protein Corporation, Sürsan, The Scoular Company, GC Rieber Oils, Marvesa, Tasa, Orizon, Pioneer Fishing, Triplenine Group, Pesquera Exalmar S.A.A, Corpesca SA, FF Skagen A/S, Copeinca ASA, Colpex, Mukka Sea Food Industries Pvt. Ltd Among others.

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Demand from Aquaculture to Remain High, Enabling Growth Amidst Troubled Times

The demand for fishmeal and fish oil is expected to remain in high in the aquaculture segment, despite the ongoing turmoil. In addition to this, the swine and poultry segments are likely to show high demand for fishmeal and fish oil in the coming years.

Despite positive outlook, the rising demand for alternative protein in animal feed could emerge as a key challenge for the market players. Moreover, aquaculture has been in focus for the use of alternatives sources of proteins in animal feed. Rising investment in the production of these alternative sources could hamper the market’s growth prospects in the coming years.

Rising Demand from Pharmaceutical Industries to Offer Major Growth Opportunities in Developing Nations

The rising awareness among consumers about the benefits of consumption of omega 3 fatty acids will drive fishmeal & fish oil market. Fish oils are very essential for human health. Carotenoids and astaxanthin derived from fish help in building the immune system in human body. Besides this, omega 3 fatty acids are primarily extracted from fish oils have numerous health benefits. Increasing awareness about aforementioned health benefits of fish oil will aid in the overall expansion of the market in the coming years. 

The market will also gain the support of various economic factors. For instance, the gradual rise in the purchasing power of the consumer and their subsequent willingness to spend on their and their family’s health and wellness will support the growth of the market. Also, fish oil finds increasing application in the pharmaceutical industry raw material for making medicines. These medicines are used for treating various health disorders. Spurred by these factors, the market will exhibit a steady growth over the forecast period.

* This data is only a representation. Actual data may vary and will be available in report.

Rising Demand from Pharmaceutical Industries to Offer Major Growth Opportunities in Developing Nations
Rising Demand from Pharmaceutical Industries to Offer Major Growth Opportunities in Developing Nations
Rising Demand from Pharmaceutical Industries to Offer Major Growth Opportunities in Developing Nations
Rising Demand from Pharmaceutical Industries to Offer Major Growth Opportunities in Developing Nations
  • 2014
  • 2019
  • 2022
  • 2029
  • Arrow

Salmon and Trout Segment to Exhibit High Demand

Fish oils are mainly extracted from fishes such as anchovy, salmon and trout. These fishes are rich in astaxanthin and carotenoids that have diverse uses in pharmaceutical industries. For instance, they are used in the manufacturing of different medicines for human and animal consumption. Fish oil is a rich source of both energy and essential fatty acids like omega 3 which are important for human body therefore, its consumption in the aquaculture industry has progressed.

In terms of source the market can be segmented into salmon and trout, crustaceans, cyprinids, marine fish and others. Of these, the demand in salmon and trout segment is considerably high. Trailing it is the marine segment.

Salmon and trout hold leading market share

Marine fish emerges as second-leading segment

Aquatic animals segment leads the market

Poultry emerges as second-leading segment

How Growth will Unfold

Key market players have adopted expansion and investments as key strategies to expand their presence in the fishmeal & fish oil market. Their growth strategies will enable growth in the market in the coming years. Regionally, Western Europe has emerged as a key market for fishmeal and fish oils. The market will also witness lucrative growth opportunities in Asia Pacific excluding Japan.

The global fish and seafood market is undergoing transformation with big firms and government organizations collaborating will smaller fisheries at both inter and intra-region levels. These collaborations have created scope for increased demand for aquatic feed additives market. This in turn will fuel demand in the fishmeal and fish oil market. Furthermore, the rising use of fish oil in health supplements will open attractive avenues of growth for the market. 

Fish Meal and Oil Market: Competitive Benchmarking

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Fishmeal & Fish Oil Market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030

A recent market study published by Future Market Insights on the Fishmeal & Fish Oil market offers global industry analysis for 2015-2019 & opportunity assessment for 2020–2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Fishmeal & Fish Oil market, the growth prospects of the market are obtained with maximum precision.

Fishmeal & Fish Oil Market Taxonomy

The global Fishmeal & Fish Oil market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Source

  • Salmon & Trout
  • Marine Fish
  • Crustaceans
  • Tilapia
  • Carps
  • Others

Application

  • Aquaculture & Aquatic Feeds
  • Land Animal Feeds
  • Fertilizers
  • Pharmaceuticals
  • Dietary Supplements
  • Others

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia 
  • Oceania
  • MEA

What's Included

The executive summary of the Fishmeal & Fish Oil market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Fishmeal & Fish Oil market.

Readers can find the detailed segmentation and definition of the Fishmeal & Fish Oil market in this chapter, which will help them understand basic information about the Fishmeal & Fish Oil market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the Fishmeal & Fish Oil market report.

The associated industry assessment of the Fishmeal & Fish Oil market is carried out in this section. The macroeconomic factors affecting growth of the Fishmeal & Fish Oil market are provided in this section and the impact of these macroeconomic indicators on the Fishmeal & Fish Oil market is analyzed. The processing overview and technological advancements in the Fishmeal & Fish Oil market is also provided.

Profit margins at each level of the Fishmeal & Fish Oil market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the Fishmeal & Fish Oil market.

The drivers and restraints impacting the growth of the Fishmeal & Fish Oil market are explained in this chapter. Opportunities and ongoing trends in the Fishmeal & Fish Oil market are also comprehensively discussed.

This chapter includes detailed analysis of the historical Fishmeal & Fish Oil market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2020 – 2021) and incremental opportunity for the forecast period (2020-2030).

Based on Source, the Fishmeal & Fish Oil market is segmented into Salmon & Trout, Marine Fish, Crustaceans, Tilapia, Carps, and Others. In this chapter, readers can find information about key trends and developments in the Fishmeal & Fish Oil market and market attractiveness analysis based on raw material.

Based on Application, the Fishmeal & Fish Oil market is classified into Aquaculture & Aquatic Feeds, Land Animal Feeds, Fertilizers, Pharmaceuticals, Dietary Supplements, and Others. This part also offers market attractiveness analysis based on Application.

This chapter explains how the Fishmeal & Fish Oil market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.

This chapter includes a detailed analysis of the growth of the Fishmeal & Fish Oil market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in the North America region.

Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Fishmeal & Fish Oil market in Latin America. This chapter also includes growth prospects of the Fishmeal & Fish Oil market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.

Important growth prospects of the Fishmeal & Fish Oil market based on its end users in several countries such as Germany, U.K., France, Italy, Spain, BENELUX, Nordic, Russia, Poland, and the Rest of Western Europe are included in this chapter.

In this chapter, readers can find information about key trends and developments in the key countries of South Asia such as India, Thailand, Malaysia, Indonesia, Singapore, and Rest of South Asia Fishmeal & Fish Oil market.

This chapter includes a detailed analysis of the growth of the Fishmeal & Fish Oil market in the East Asia region, along with a country-wise assessment that includes, Japan, China, and South Korea. Readers can also find regional trends, regulations, and market growth based on end users and countries in the APEJ region.

This chapter offers insights into how the Fishmeal & Fish Oil market is expected to grow in major countries in the Middle East region such as Australia and New Zealand, during the forecast period 2020-2030.

This chapter contains information about the market growth of Fishmeal & Fish Oil in Middle East region such as GCC Countries, South Africa, North Africa, and the Rest of Middle East, during the forecast period 2020-2030.

In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Fishmeal & Fish Oil market along with their market presence analysis by region and product portfolio.

In this chapter, readers can find a comprehensive list of leading manufacturers in the Fishmeal & Fish Oil market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are FMC corporation, Austevoll Seafood ASA, Croda International PLC., Oceana Group Ltd, Omega Protein Corporation, Sürsan, The Scoular Company, GC Rieber Oils, Marvesa, Tasa, Orizon, Pioneer Fishing, Triplenine Group, Pesquera Exalmar S.A.A, Corpesca SA, FF Skagen A/S, Copeinca ASA, Colpex, Mukka Sea Food Industries Pvt. Ltd, and others.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Fishmeal & Fish Oil report.

This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Fishmeal & Fish Oil market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Sales Heads
  • Production Managers
  • Distributors Heads
  • Sales Executives
  • Product Manufacturers
  • Distributors
  • Traders 
  • Industry Experts
  • End Users
  • Current Market Dynamics and Challenges
  • Market Characteristics
  • Market Performance and Growth Quadrants
  • Competition Structure and Market Structure
  • Strategic Growth Initiatives
  • Near-term and Long-term Market Growth Prospects
  • Market Segment Splits and Authenticity
  • Opinions on Market Projections and Validity Of Assumptions

Secondary Research

  • Industry Publications
    • Industrial Week
    • Industrial Product Review
    • Industrial Magazine
  • Industry Associations
    • Dieticians Association
    • Food and Agriculture Organization
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits by designation fishmeal and fish oil market

Primary Interview Splits by stakeholder fishmeal and fish oil market

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