Fishmeal and Fish Oil Market is estimated to record a substantial CAGR of 5.8% during the forecast period. With a considerable decline in the count of several marine species, the governments across various countries have imposed quota restrictions on the practice of wild fish catching, as a measure to preserve marine life. This alternatively results in the rise of aquaculture, which is an effective intervention that involves the rearing of fish in artificially controlled environments. Moreover, the rearing of farmed fish is much more stable and secure from environmental threats, subsequently resulting in a steady supply of fish supplies, which is imperative for buyers such as large retail and the food and hotel industry. Fishmeal and fish oil is used as a prime ingredient for the aqua feed due to its high production yield, and a high protein yield. Hence, the consumption of fishmeal and fish oil is increasing along with the growth of aquaculture industry.
Moreover, it is observed that, the production of fish oil has significantly decreased in recent years, owing to the shortage of raw fish. This production shortfall is creating demand-supply gap of fish oil in end-user industries. Therefore, the major end-users such as aquaculture industry, have started investing in a suitable alternative of fish oil. In absence of whole fish, fish oil can be produced from by-product, such as heads, viscera and back-bones as they are very a good source to produce fish oil. These by-products can be further processed into fishmeal and fish oil. Currently, almost 30% of fish oil and fishmeal is produced from by-products and fish waste. Due to shortage of whole fish, the by-product usage for fish oil is expected to increase the fish oil production, which further augments the growth of the fishmeal and fish oil market. However, the industry has to manage many permits from the Ministry of Production and also from the Ministry of Environment.
To Request a Sample of our Report on Fishmeal and Fish Oil Market: https://www.omrglobal.com/request-sample/fishmeal-and-fish-oil-market
Market Coverage
- Market number avail2able for – 2022-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- by Source and Application
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
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 Fishmeal and Fish Oil Market is Available at: https://www.omrglobal.com/industry-reports/fishmeal-and-fish-oil-market
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- BASF SE
- Croda International Plc
- FF Skagen
- GC Rieber Oils
- Oceana Group Ltd.
- Omega Protein Corp.
- Pelagia
- Royal Dsm NV
- Sürsan A.?
- The Scoular Co.
Reasons to Buy From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/fishmeal-and-fish-oil-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
