Market Research Report

Global Fish Meal Market Research Report: Forecast (2024-2029)

By Nature (Organic, Conventional), By Source (Salmon & Trout, Marine Fish, Crustaceans, Tilapia, Others (Catfish, Tuna, Cyprinids, etc.)), By Application (Animal Feed, Aqua Feed, P...oultry, Pharmaceuticals, Others (Dietary Supplements, Fertilizers, etc.)), By End User (Aquaculture, (Salmon & Trout, Marine Fish, Others (Crustaceans, Cyprinids, etc.)), Poultry, Swine, Others (Exotic meats, small ruminants, etc.)), By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific), By Company (Omega Protein Corporation, Pesquera Diamente S.A., Calysta Inc., Pesquera Hayduk SA, Oceana Group Limited S.A., Sardina D.O.O, TripleNine Group A/S, Empresas Copec S.A., Animal Feeds International Corporation, FF Skagen A/S, Orizon SA, Sarma Fish S.A.R.L., Pioneer Fishing Pt Ltd., Aker BioMarine Antarctic AS, The Scouler Company, and Others) Read more

  • Food & Beverages
  • Oct 2023
  • Pages 196
  • Report Format: PDF, Excel, PPT

Market Definition

Fish meal is a commercial product that is prepared from pelagic, small, oceanic fish. It is rich in protein and is an excellent source of essential fatty acids, minerals, digestible energy, and vitamins.

Market Insights & Analysis: Global Fish Meal Market (2024-29)

The Global Fish Meal Market size is valued at around USD 205 billion in 2022 and is estimated to grow at a CAGR of about 6.5% during the forecast period, i.e., 2024-29. Fish meal acts as a vital constituent in many industries, such as agriculture, fertilizer, and animal feed, due to its nutrient-rich content such as high protein, Omega3, fatty acids, and minerals. The demand for vitamin-rich fish has increased from the aqua feed, driving the market growth.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-29
CAGR (2024-2029) 6.5%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Southeast Asia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: GCC, South Africa, Rest of the Middle East & Africa
Key Companies Profiled Omega Protein Corporation, Pesquera Diamente S.A., Calysta Inc., Pesquera Hayduk SA, Oceana Group Limited S.A., Sardina D.O.O, TripleNine Group A/S, Empresas Copec S.A., Animal Feeds International Corporation, FF Skagen A/S, Orizon SA, Sarma Fish S.A.R.L., Pioneer Fishing Pt Ltd., Aker BioMarine Antarctic AS, The Scouler Company, and Others
Market Value (2022) USD 205 billion

 

The rising consciousness among consumers about the advantages of fish meal, increasing fish consumption, growing usage of fish meal as fertilizers, and expanding agriculture industry has also catalyzed the demand for fish meal. Dairy & meat production has become more industrialized in recent times, which needs high-quality premium feed products such as fish meal that are beneficial to increase metabolism, promote reproduction, and control disease outbreaks.

Hence, the increasing awareness about the multiple benefits of fish-based ingredients to improve the performance & quality of animal feed also aids in enhancing the Fish Meal Market size. Furthermore, due to the high consumption of fish meals in North America, the market might experience a spike in demand from the respective region. Also, the growing fish production & poultry farms would accelerate the overall industry growth through 2029.


Global Fish Meal Market Research Report: Forecast (2024-2029)

Global Fish Meal Market Key Driver:

Rising Adoption of Fish Meal Due to its Nutritional Contents to Thrive the Market Growth – The Global Fish Meal Market has been experiencing considerable adoption as fish meal contains high quality & quantities of nutrition such as proteins, minerals, fatty acids, etc. It is a valuable source of protein derived from fish processing and also acts as a typical constituent in aquaculture, agriculture, and majorly in animal feed. The usage of this meal, soil fertility & crop yields can be improved due to its phosphorous & high nitrogen content, thus contributing to the overall market growth.

Moreover, to meet the increasing demand for seafood products for the rising population in the world, the aquaculture industry needs fish meals as a good solution as they contain numerous nutrients.  In addition, the environmentally friendly trait of fish meals further aids the consumer’s preferences for sustainable & organic solutions for agriculture strategies. Thus, such aspects of the fish meals to drive the overall market during the forecast period.

Global Fish Meal Market Possible Restraint:

Lack of Storage Facilities to Impede the Industry Expansion – The lack of facilities for suitable storage required for the fish meals acts as a potential restraint for the Global Fish Meal Market. Proper storage & drying facilities are crucial to storing fish meals, as insufficient drying may cause spoilage & decrease the shelf life of fish meals. Moreover, appropriate transportation infrastructure is typically important for cost-effective movement and proper distribution of fish meals.

Some developing countries have cold storage, which may lead to the nourishment in fish meals and is responsible for fish meal contamination. This results in the loss of product & costs as fish meals require appropriate storage facilities resulting in higher product cost, thus creating a challenge for the market.

Global Fish Meal Market (2024-29): Segmentation Analysis

The Global Fish Meal Market study by MarkNtel Advisors evaluates and highlights the major trends & influencing factors in each segment and includes predictions for the period 2024–2029 at the global, regional, and national level. In accordance to the analysis, the market has been further classified as:

Based on the Source:

  • Salmon & Trout
  • Marine Fish
  • Crustaceans
  • Tilapia
  • Others (Dietary Supplements, Fertilizers, etc.)

Crustaceans hold the largest share of the Global Fish Meal Market due to their ample availability & high nutritional value. They include crabs, shrimps, and lobsters and offer a rich protein source, minerals, vitamins, and crucial fatty acids, making them treasured in the production of shrimp & fish in aquaculture.

They are easy to harvest & contain a sustainable source of protein with less environmental impact than the other production of fishmeal methods. Nowadays, seafood is gaining attention due to its nutritional value, which aids the fishmeal demand and further contributes to enhancing the market size.

Based on End User:

  • Aquaculture
  • Poultry
  • Swine
  • Others (Exotic meats, small ruminants, etc.)

With possession of potential share, Aquaculture is a rapidly growing industry worldwide that is anticipated to dominate the Fish Meal Market due to the high adoption of this product. The aquaculture industry utilizes around 25% of the total fishmeal production for feeding. The farming of aquatic organisms, such as fish, mollusks, shrimps, etc., has improved globally to fulfill the demand for seafood products, resulting in the expanded adoption of fishmeal products, thus ultimately supporting the market.

Moreover, due to the high-quality nutrients, especially protein sources, the need for aquatic products is growing across the world, which is anticipated to augment over the forefront period & possibly improve the Fish Meal Market size.

Global Fish Meal Market: Regional Projection

Geographically, the Global Fish Meal Market expands across:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

North America dominated the Global Fish Meal Market over the past years and is presumed to thrive during the forthcoming period. The increasing fish meal industry & maintaining the sustainability of oceanic fisheries raise the regional market for fish meal. Fish meal is a key high protein content & contains other nutrition in a good amount, owing to fueling demand for fish meals in this region, resulting in the improved the North America Fish Meal Market.

In addition, due to the surging fish production, pig farms, the rising consumption of pork, poultry farming, and growing pet food consumption rate due to the emergent tendency of having pets. Thus, these factors are driving the market growth.

Global Fish Meal Industry Recent Development:

  • March 2022: Pelagia acquired all the shares of Norsk Fiskeindustri Invest AS (NFI). NFI, in turn, held a 51.05% ownership stake in Karmsund Protein AS, a company engaged in the production of fish meal & fish oil.
  • March 2022: Scoular, a leading global trader in fishmeal and fish oil with a wide range of offerings, recently inaugurated a new fishmeal plant in Myanmar. This facility serves as a central hub for delivering top-notch, uniform products to Asian feed markets with a strong emphasis on just-in-time shipments.

Gain a Competitive Edge with Our Global Fish Meal Market Report

  • Global Fish Meal Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size, share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
  • This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  • Global Fish Meal Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

Frequently Asked Questions

   A. The Fish Meal Market is expected to grow at a compound annual growth rate (CAGR) of around 6.5% from 2024-29.

   A. The Fish Meal Market size was valued at about USD 205 billion in 2022.

   A. The rising adoption of fish meals due to their nutritional contents to drive the Fish Meal Market during 2024-29.

   A. Omega Protein Corporation, Pesquera Diamente S.A., Calysta Inc., Pesquera Hayduk SA, Oceana Group Limited S.A., Sardina D.O.O, TripleNine Group A/S, Empresas Copec S.A., Animal Feeds International Corporation, FF Skagen A/S, Orizon SA, Sarma Fish S.A.R.L., Pioneer Fishing Pt Ltd., Aker BioMarine Antarctic AS, The Scouler Company, and Others, are the top players in the Fish Meal Market.

   A. Aquaculture sector is the leading end-user in the Fish Meal Market.

   A. North America would present growth prospects in the Fish Meal Market during 2024-29.

Global Fish Meal Market Research Report (2024-2029) - Table of Contents

 

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Fish Meal Market Trends & Insights
  5. Global Fish Meal Market Dynamics
    1. Drivers
    2. Challenges
  6. Global Fish Meal Market Hotspot & Opportunities
  7. Global Fish Meal Market Policies, Regulations, Product Standards
  8. Global Fish Meal Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Nature
        1. Organic- Market Size & Forecast 2018-2028F, USD Million
        2. Conventional- Market Size & Forecast 2018-2028F, USD Million
      2. By Source
        1. Salmon & Trout- Market Size & Forecast 2018-2028F, USD Million
        2. Marine Fish- Market Size & Forecast 2018-2028F, USD Million
        3. Crustaceans- Market Size & Forecast 2018-2028F, USD Million
        4. Tilapia- Market Size & Forecast 2018-2028F, USD Million
        5. Others (Catfish, Tuna, Cyprinids, etc.)- Market Size & Forecast 2018-2028F, USD Million
      3. By Application
        1. Animal Feed- Market Size & Forecast 2018-2028F, USD Million
        2. Aqua Feed- Market Size & Forecast 2018-2028F, USD Million
        3. Poultry- Market Size & Forecast 2018-2028F, USD Million
        4. Pharmaceuticals- Market Size & Forecast 2018-2028F, USD Million
        5. Others (Dietary Supplements, Fertilizers, etc.)- Market Size & Forecast 2018-2028F, USD Million
      4. By End User
        1. Aquaculture- Market Size & Forecast 2018-2028F, USD Million
          1. Salmon & Trout- Market Size & Forecast 2018-2028F, USD Million
          2. Marine Fish- Market Size & Forecast 2018-2028F, USD Million
          3. Others (Crustaceans, Cyprinids, etc.)- Market Size & Forecast 2018-2028F, USD Million
        2. Poultry- Market Size & Forecast 2018-2028F, USD Million
        3. Swine- Market Size & Forecast 2018-2028F, USD Million
        4. Others (Exotic meats, small ruminants, etc.)- Market Size & Forecast 2018-2028F, USD Million
      5. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      6. By Competition
        1. Market Share of Top Companies
        2. Competition Characteristics
  9. North America Fish Meal Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Nature- Market Size & Forecast 2018-2028F, USD Million
      2. By Source- Market Size & Forecast 2018-2028F, USD Million
      3. By Application- Market Size & Forecast 2018-2028F, USD Million
      4. By End User- Market Size & Forecast 2018-2028F, USD Million
      5. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Fish Meal Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Nature- Market Size & Forecast 2018-2028F, USD Million
        2. By Source- Market Size & Forecast 2018-2028F, USD Million
    4. Canada Fish Meal Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Nature- Market Size & Forecast 2018-2028F, USD Million
        2. By Source- Market Size & Forecast 2018-2028F, USD Million
    5. Mexico Fish Meal Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Nature- Market Size & Forecast 2018-2028F, USD Million
        2. By Source- Market Size & Forecast 2018-2028F, USD Million
  10. South America Fish Meal Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Nature- Market Size & Forecast 2018-2028F, USD Million
      2. By Source- Market Size & Forecast 2018-2028F, USD Million
      3. By Application- Market Size & Forecast 2018-2028F, USD Million
      4. By End User- Market Size & Forecast 2018-2028F, USD Million
      5. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Fish Meal Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Nature- Market Size & Forecast 2018-2028F, USD Million
        2. By Source- Market Size & Forecast 2018-2028F, USD Million
    4. Argentina Fish Meal Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Nature- Market Size & Forecast 2018-2028F, USD Million
        2. By Source- Market Size & Forecast 2018-2028F, USD Million
  11. Europe Fish Meal Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Nature- Market Size & Forecast 2018-2028F, USD Million
      2. By Source- Market Size & Forecast 2018-2028F, USD Million
      3. By Application- Market Size & Forecast 2018-2028F, USD Million
      4. By End User- Market Size & Forecast 2018-2028F, USD Million
      5. By Country
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    3. Germany Fish Meal Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Nature- Market Size & Forecast 2018-2028F, USD Million
        2. By Source- Market Size & Forecast 2018-2028F, USD Million
    4. The UK Fish Meal Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Nature- Market Size & Forecast 2018-2028F, USD Million
        2. By Source- Market Size & Forecast 2018-2028F, USD Million
    5. France Fish Meal Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Nature- Market Size & Forecast 2018-2028F, USD Million
        2. By Source- Market Size & Forecast 2018-2028F, USD Million
    6. Italy Fish Meal Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Nature- Market Size & Forecast 2018-2028F, USD Million
        2. By Source- Market Size & Forecast 2018-2028F, USD Million
    7. Spain Fish Meal Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Nature- Market Size & Forecast 2018-2028F, USD Million
        2. By Source- Market Size & Forecast 2018-2028F, USD Million
  12. Middle East & Africa Fish Meal Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Nature- Market Size & Forecast 2018-2028F, USD Million
      2. By Source- Market Size & Forecast 2018-2028F, USD Million
      3. By Application- Market Size & Forecast 2018-2028F, USD Million
      4. By End User- Market Size & Forecast 2018-2028F, USD Million
      5. By Country
        1. GCC
        2. South Africa
        3. Rest of Middle East & Africa
    3. GCC Fish Meal Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Nature- Market Size & Forecast 2018-2028F, USD Million
        2. By Source- Market Size & Forecast 2018-2028F, USD Million
    4. South Africa Fish Meal Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Nature- Market Size & Forecast 2018-2028F, USD Million
        2. By Source- Market Size & Forecast 2018-2028F, USD Million
  13. Asia-Pacific Fish Meal Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Nature- Market Size & Forecast 2018-2028F, USD Million
      2. By Source- Market Size & Forecast 2018-2028F, USD Million
      3. By Application- Market Size & Forecast 2018-2028F, USD Million
      4. By End User- Market Size & Forecast 2018-2028F, USD Million
      5. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia
        6. Southeast Asia
        7. Rest of Asia-Pacific
    3. China Fish Meal Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Nature- Market Size & Forecast 2018-2028F, USD Million
        2. By Source- Market Size & Forecast 2018-2028F, USD Million
    4. India Fish Meal Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Nature- Market Size & Forecast 2018-2028F, USD Million
        2. By Source- Market Size & Forecast 2018-2028F, USD Million
    5. Japan Fish Meal Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Nature- Market Size & Forecast 2018-2028F, USD Million
        2. By Source- Market Size & Forecast 2018-2028F, USD Million
    6. South Korea Fish Meal Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Nature- Market Size & Forecast 2018-2028F, USD Million
        2. By Source- Market Size & Forecast 2018-2028F, USD Million
    7. Australia Fish Meal Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Nature- Market Size & Forecast 2018-2028F, USD Million
        2. By Source- Market Size & Forecast 2018-2028F, USD Million
    8. Southeast Asia Fish Meal Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Nature- Market Size & Forecast 2018-2028F, USD Million
        2. By Source- Market Size & Forecast 2018-2028F, USD Million
  14. Global Fish Meal Market Key Strategic Imperatives for Success & Growth
  15. Competition Outlook
    1. Company Profiles
      1. Omega Protein Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Pesquera Diamente S.A.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Calysta Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Pesquera Hayduk SA
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Oceana Group Limited S.A.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Sardina D.O.O
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. TripleNine Group A/S
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Empresas Copec S.A.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Animal Feeds International Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. FF Skagen A/S
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Orizon SA
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. Sarma Fish S.A.R.L.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. Pioneer Fishing Pt Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. Aker BioMarine Antarctic AS
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      15. The Scouler Company
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      16. Others
  16. Disclaimer

 


Fish Meal Market Segmentation Slide

Fish Meal Market Segmentation Slide
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