According to IMARC Group’s latest report, titled “Fish Meal Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global fish meal market grew at a CAGR of around 5% during 2015-2020. Looking forward, IMARC Group expects the market to continue its moderate growth during 2021-2026. Fish meal refers to a high protein feed manufactured by drying, cooking, pressing and milling raw fish or fish trimming. It is primarily made from the organ meat and bones leftover from the high-oil-containing species of fishes such as sardine, anchovy, capelin, and menhaden. Fish meal is widely available in cakes or powdered form and serves as a natural protein source for livestock, aquaculture, and poultry.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The expanding aquaculture sector, coupled with the escalating demand for premium-quality seafood products, is fueling the market for fish meal. It reduces incidences of deformity, enhances immunity, and improves development in aquatic animals. Besides this, the rising awareness about the benefits of these fish-based ingredients helps enhance the quality of animal feed, thereby propelling the market growth. Besides this, the high prevalence of several chronic disorders due to the ill effects of consuming heavy metals, such as lead, mercury, and cadmium, in cultured seafood has further propelled the market growth.
Fish Meal Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the fish meal market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Austral Group S.A.A
- Corpesca S.A. (Empresas Copec S.A)
- FF Skagen A/S
- Omega Protein Corporation (Cooke Inc)
- Pesquera Diamante S.A. (Diamond Fishing)
- Pesquera Exalmar S.A.A
- Pesquera Hayduk SA
- TripleNine Group
Key Market Segmentation:
The report has segmented the global fish meal market on the basis of raw material, species, application and region.
Breakup by Raw Material:
- Whole Fish
- By-Product from Wild Capture
- By-Product from Aquaculture
Breakup by Species:
Breakup by Application:
- Salmon and Trout
- Marine Fish
Breakup by Region:
- United States
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Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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