The Europe fishmeal and fish oil market is estimated to record a solid CAGR of 4.6% during the forecast period (2021-2027). Robust production base for fish oil and increasing demand for fishmeal and fish oil from different sectors are driving the growth of the Europe fishmeal and fish oil market. According to University of Parma, aquaculture and capture production will increase, fish demand will outpace both by 84% in the EU, by 2030. Also, aquaculture in EU will need more investment and technologies to alleviate pressure on capture production without hampering agriculture.
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Further, the aquaculture industry in Europe is on a substantial rise. European continent comprises of several developed economies such as Germany, France, UK, and Italy, among others. Aquaculture sector play an integral role in many European countries such as Spain, France, Italy, and the UK, among others. Although the aquaculture as a natural resource-based sector has been recognized within the European Union (EU), however, there is need to strengthen aquaculture policy in countries where aquaculture is not yet considered as an equal-right user of resources. Products of aquaculture play an important role in the European food supply. Most of the European aquaculture products have been perceived as a high-quality or premium food. Several media contributors in the European countries have put forward the phrase aquatic chicken to describe farmed salmon. Moreover, changing food habits among the consumers and huge demand for seafood in countries like France, the United Kingdom, and Italy provides a lucrative opportunity for the aquaculture market in Europe. Thus, growing aquaculture industry in Europe is expected to bring substantial growth for the fishmeal and fish oil market.
Market Coverage
· Market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
· Segment Covered- by Source and Application
· Countries Covered- UK, Germany, France, Italy, Spain, Denmark, and Rest of Europe
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A full Report of Europe Fishmeal and Fish Oil Market is Available at: https://www.omrglobal.com/industry-reports/europe-fishmeal-and-fish-oil-market
Europe 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)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
