New York, Global Fishmeal & Fish Oil Market report from Global Insight Services is the single authoritative source of intelligence on Fishmeal & Fish Oil Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Fishmeal and fish oil are products made from fish that have been finely ground and then pressed to extract the oil. The meal is high in protein and the oil is a good source of omega-3 fatty acids.
Fishmeal is used as a high-protein feed for livestock, while fish oil is used as a dietary supplement and in the production of cosmetics and pharmaceuticals. Fishmeal and fish oil can also be used to make biodiesel.
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Key Trends
The key trends in Fishmeal & Fish Oil technology are:
1. Increasing use of fish by-products: With the increasing popularity of fish as a healthy food source, there is a corresponding increase in the demand for fish by-products such as fishmeal and fish oil.
2. Improved processing techniques: In order to meet the increasing demand for fishmeal and fish oil, there has been a trend towards improving processing techniques.
3. Increased use of sustainable sources: As the demand for fishmeal and fish oil increases, there is a corresponding increase in the need for sustainable sources of these products.
Key Drivers
The global fishmeal and the fish oil market are driven by the growing demand for animal feed, primarily in the aquaculture industry.
The high protein and lipid content of fishmeal and fish oil make them ideal ingredients for animal feed. Additionally, the growing awareness about the health benefits of fish consumption is expected to boost the demand for fishmeal and fish oil in the coming years.
The aquaculture industry is the major end-use industry for fishmeal and fish oil. The growing demand for fish and other seafood products is the key factor driving the growth of the aquaculture industry.
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Market Segments
The fishmeal & fish oil market is segmented by source, application, and region. By source, the market is classified into salmon, trout, marine fish, and others. Based on application, it is bifurcated into aquaculture, aquatic feeds, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The global fishmeal & fish oil market includes players such as Croda International Plc, Pelagia, The Scoular Company, GC Rieber Oils, Oceana Group Limited, FMC Corporation, Austevoll Seafood ASA, Omega Protein Corporation, Marvesa, Tasa, and others.
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