Global Fishmeal and Fish Oil Market 2021-2027

Global Fishmeal and Fish Oil Market Size, Share & Trends Analysis Report by Source (Salmon & Trout, Crustaceans, Marine Fish, Carps, and Others (Tilapias, Eels, Crabs, and Lobsters)) and by Application (Swine, Poultry, Cattle, Aquaculture, Pets, and Other (Equine and Other Marine Species)) Forecast Period (2021-2027).

The global fishmeal and fish oil market is anticipated to grow at a significant growth rate of 5.8% during the forecast period. Fishmeal and fish oil helps in maintaining a healthy balance between omega-3 and omega-6 fatty acids, which helps in reducing the inflammatory processes in the human body. It also helps in lowering the risks of coronary heart diseases as well as maintaining normal blood pressure and normal bold lipid values. Additionally, fish oil is a beneficial supplement for pregnant women and kids as it is an important component in balanced nutrition. Thus, health benefits of fishmeal and fish oil are one of the key factors owing to which it is used in pharmaceutical, which boosts the growth of the market.

On the other hand, the governments of various countries have imposed stringent regulations and have set fishing quotas, which limits the fishing and in turn, hampers the fish oil production. The quota is primarily set to improve the sustainability of the fishing industry. The European Union has imposed nation/country wise TAC (Total Allowable Catches) and quotas to strictly regulate the volume and frequency of fishing activities in the region. As a result, the manufacturers do not get enough raw fish for oil extraction, which results the production shortfall.

The global 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. 

Geographically, the fishmeal and fish oil market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. In 2020, North America is expected to lead the market in terms of growth rate as the region is becoming increasingly aware about the benefits of fishmeal and fish oil. In North America, industry performance has also been supported by increases in per capita disposable income, which has facilitated higher-margin purchases of fish oil and dietary supplements. Interest in the health benefits of fish oil consumption has also driven industry growth in the US.

Research Methodology

The market study of the global fishmeal and fish oil market is incorporated by extensive primary and secondary research.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Fishmeal and Fish Oil Market Research and Analysis by Source
2. Global Fishmeal and Fish Oil Market Research and Analysis by Application

The Report Covers

• Comprehensive Research Methodology of the global fishmeal and fish oil market.
• This report also includes a detailed and extensive market overview with the key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global fishmeal and fish oil market.
• Insights about market determinants which are stimulating the global fishmeal and fish oil market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.