Fishmeal Market – Overview
The global fishmeal market is increasing due to increase in seafood consumption. Furthermore, improved processing methods and development of high-end technologies has supported the market growth in a positive direction. The market players have enough opprtunity to come up with new and improved products , which has boosted the share of fishmeal in the global market.
The escalated need to use Fish byproducts to feed poultry, pigs, and other farmed fish is growing in recent times. Reports that gauge the food, beverage and nutrition industry have been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects. The market is on track to achieve a CAGR of 7.8 % in the upcoming forecast period.
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An elevated demand for feed additives is expected to constructively shape the fishmeal market in the forecast period. Moreover, the boost in seafood consumption is expected to have a positive impact on the market for fishmeal around the world. Also, the demand for protein-rich animal feed and escalating awareness about livestock health is projected to motivate the fishmeal market in the impending period.
The central competitors operating in the Fishmeal Market globally are-
- Biomega AS (Norway)
- Calysta, Inc. (U.S.)
- The Scoular Company (U.S.)
- Omega Protein Corporation (U.S.)
- Aker Biomarine Antarctic AS (Norway)
- FMC Corporation (U.S.)
- Empresas Copec S.A. (Chile)
- Oceana Group Limited (South Africa)
- Croda International Plc. (U.K)
- Pioneer Fishing (Pty) Ltd. (South Africa)
Detailed Regional Analysis
The regional assessment of the Fishmeal Market covers regions such as Europe, Asia Pacific, North America, and rest of the world. The Asia Pacific region is controlling the fishmeal market trailed by the North American region. In the Asia Pacific region, India and China are the key leaders for fishmeal, which have led to the market expansion of this region. Also, the escalating consumption of seafood and aquatic animals in the rising countries of the Asia Pacific region has optimistically resulted in the development of the fishmeal market. Furthermore, rising demand for nutritive additives in feed, such as fishmeal has a helpful influence in nations like the U.K, Germany, and France in the European region, which is expected to improve the fishmeal market throughout the forecast period.
The segmental evaluation of the Fishmeal Market is conducted on the basis of Type, Livestock and Region.
Based on the Livestock
Based on the Type
Based on the Region
- North America
- Asia Pacific
- Rest of the world
Table of Content
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3 Fishmeal Market Insights
Chapter 4 Fishmeal Market by Source Insights
Chapter 5 Fishmeal Market by Livestock Insights
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