North America fishmeal and fish oil market is estimated to grow at a substantial CAGR of 8.5% during the forecast period. Rising awareness concerning the benefits of fish oil, government support, and rising aquaculture industry are some of the primary factors driving the growth of the fishmeal and fish oil market in North America. The aquaculture industry in this region serves both domestic and international markets. The availability of suitable environment, technology, and financing for the aquaculture industry in this region boost the fishmeal and fish oil market growth. Rising demand for aquaculture-produced seafood, coupled with increased consumer demand for seafood in the diets of people is expected to propel the fishmeal and fish oil market in North America. The aquaculture sector in North America is dominated by finfish and trout, primarily channel catfish in the US and Atlantic salmon in Canada. A smaller segment is dedicated to the production of bivalve molluscan shellfish, mainly a number of species of oysters, mussels, and clams. The channel catfish aquaculture industry in the US is a major part of the country’s production, but the product is mainly consumed domestically. Finding new domestic and international markets is projected to increase the sale of catfish produced in North America, which could further propel the fishmeal and fish oil market in the region.
The North America 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.
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North America 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 North America Fishmeal and Fish Oil Market is Available at: https://www.omrglobal.com/industry-reports/north-american-fishmeal-and-fish-oil-market
North America Fishmeal and Fish Oil Market Report Segment
- US
- Canada
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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