The US fishmeal and fish oil market is estimated to display a rapid CAGR of 8.2% during the forecast period (2021-2027). Fishmeal and fish oil industry growth in the US is attributed to rise in per capita disposable income, which has facilitated higher-margin purchases of fish oil and dietary supplements as well as growing interest in the health benefits of fish oil consumption. The country also has a well-grown rapidly rising aquaculture industry, which is one of the major growth enablers for fishmeal and fish oil market. US has favourable climatic conditions which supports the habitation and growth of aquaculture species. In addition, the positive measures taken by the government further propels the market growth.
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Marine aquaculture in the US supports commercial fisheries, restores habitat and at-risk species, contributes to seafood supply, and maintains economic activity in coastal communities. However, the US remains a relatively minor aquaculture producer. Although a small producer, the US plays a major role in the North America aquaculture market. Applied aquaculture research and technology has improved the international competitiveness and sustainability of US aquaculture and reduced the dependency on imported seafood and threatened ocean fisheries. The country supplies advanced technology, feed, equipment, and investment capital to other producers. Moreover, freshwater aquaculture and onshore saltwater aquaculture are both important and growing US economic sectors which further boost the market growth of fishmeal and fish oil.
Market Coverage
· Market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
· Segment Covered- by Source and Application
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominates the market in base year?
Which segment and region will project fastest growth in the market?
How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
· Who is the leader in the market?
· How players are addressing challenges to sustain growth?
· Where is the investment opportunity?
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A full Report of US Fishmeal and Fish Oil Market is Available at: https://www.omrglobal.com/industry-reports/us-fishmeal-and-fish-oil-market
US 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.)
