Asia-Pacific fishmeal and fish oil market is anticipated to grow at a CAGR of 5.1% during the forecast period. The Asia-Pacific fishmeal and fish oil market is the largest owing to the abundance in production of these products. Asia Pacific is the biggest consumer of fish oil across the globe with more than 60% of the global fishmeal and fish oil consumed in the region, particularly in China. Further, Asia-Pacific fish oil market is rapidly driven by aquaculture industry. Fish oil is largely consumed as an aqua feed ingredient in China, Japan and India. In Japan, Omega 3 fish oil is largely consumed in pharmaceuticals and nutraceuticals. Country’s eicosapentaenoic acids (EPA) and docosahexaenoic acids (DHA) market has grown significantly over past few years due to growing health concerns among consumers. Government of Japan is also creating awareness for the intake of Omega 3 fatty acid to avoid the risk of cardiovascular diseases which further bolstered the growth of fishmeal and fish oil market.
The Asia-Pacific fishmeal and fish oil market is segmented based on source and application. Based on source, the market is segmented into salmon & trout, crustaceans, marine fish, carps, and others. Based on application, the market is segmented into cattle, poultry, swine, aquaculture, pet, and other. Among application, aquaculture segment is expected to have a major market value share as well as substantial growth rate, during the forecast period. The rising demand for fishmeal and fish oil in aquaculture is attributed to its high production and high protein yield. Therefore, the consumption of fish oil-based feed in aquaculture increases with the growth of the aquaculture industry.
Country-wise, the market is segmented into China, Japan, India, South Korea, and the Rest of Asia-Pacific. China is anticipated to be the largest market for fishmeal and fish oil in the Asia-Pacific. Although, China is not a big producer of fish oil, the country imports various grades of crude fish oil from countries, such as Peru, Chile and Vietnam, and then processed it further to use in various human and animal consumption application.
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Asia-Pacific Fishmeal and Fish Oil Market Report Segment
By Type
- Salmon & Trout
- Crustaceans
- Marine Fish
- Carps
- Others (Tilapias, Eels, Crabs, and Lobsters)
By Application
- Swine
- Poultry
- Cattle
- Aquaculture
- Pets
- Others (Equine and Other Marine Species)
A full Report of Asia-Pacific Fishmeal and Fish Oil Market is Available at: https://www.omrglobal.com/industry-reports/asia-pacific-fishmeal-and-fish-oil-market
Asia-Pacific Fishmeal and Fish Oil Market Report Segment
- China
- Japan
- India
- South Korea
Rest of Asia-Pacific
Company Profiles
- BASF SE
- Croda International PLC
- FF Skagen
- GC Rieber Oils
- Oceana Group Ltd.
- Omega Protein Corp.
- Pelagia
- Royal DSM
- Sürsan A.?
- The Scoular Co.
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