Global Fishmeal
Market Report
2024
As per Cognitive Market Research's latest published report, the Global Fishmeal market size will be $12,227.80 Million by 2028. Fishmeal Industry's Compound Annual Growth Rate will be 7.16% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Fishmeal market size will be $12,227.80 Million by 2028. Fishmeal Industry's Compound Annual Growth Rate will be 7.16% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Fishmeal Market Sales Revenue 2028 | $ 12 Million |
Global Fishmeal Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.16% |
Market Split by Type |
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Market Split by Application |
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Market Split by Nature |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Fishmeal Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Fish meal is a dark powder, typically containing high protein levels, and significant amounts of fat and mineral matter. While once used as essential as a fertilizer, fish meal is now mostly used as feed for animals, notably poultry, swine, mink and farms, and pets. Adding fish meal to the diets of aquatic animals helps to minimize wastewater pollution, with improved digestion of the nutrient. The addition of high-grade fishmeal into the feed gives the finished product such as wild fish a 'natural or healthy' feature. The fish meal is comprised of pelagic, tiny oceanic fish, menhaden, herring, sardines, and anchovies.
Fishmeal is manufactured from the left bones and offal of fish captured in commercial fisheries. Fish stocks specially gathered for this purpose are uses three primary raw materials: tiny, oney, and oily fish, such as anchovy, horse mackerel, menhaden, capeline, sandeel, whiting with the color blue, pollack. By-catches of fish and offal from other fish prepared for the sustenance of human beings (unpalatable or fast spoiling). About 90 % of world fishmeal is generated from oily fish species such as sardine, anchovy, capeline, and menhaden and less than 10 % from offal (frames of white fish), such as cabbage and hedge.
There are several ways to make a fish meal from raw fish; the easiest is to let the fish dry in the sun. In certain regions of the globe where processing plants are not accessible the method is still utilized, although the product is inferior as compared to contemporary ways. Almost all fish meal is manufactured by heating, crushing, drying, and grinding fish. Fish meal is generally kept and carried in the paper, hessian or plastic sackcloth’s or bulk. It is stored in bulk is occasionally granulated for mechanical use, as it does not flow easily as a powder.
Fish meal has a high level of digestible protein and balanced eAA has great nutritive qualities. In addition, it is also rich in additional nutrients such as basic fatty acids, phospholipids, cholesterol, minerals, and specific vitamins. It has an excellent balance of methionine and lysine, containing amino acids. Fish meal contains an excellent mix of unsaturated fatty acid, some minerals (phosphorus accessible), and vitamins, in addition to the high content of important amino acids (A, D, and B-complex). Good quality fish meals have crude protein values above 66%, fat levels ranging from 8 to 11%, and ash levels that are typically less than 12%.
Meat is one the most important source of nutrition for many people across the globe. Hence, its demand is constantly growing with its production of more than 340 million tons each year. Similarly demand of milk is also high and world roughly produces 800 million tons of milk each year. As the population around the globe has undergone rapid growth, demand for food has naturally increased. However, consumption of meat per person varies according to country. Countries with high-income capital consumes more meat. For instance, Australia has consumption of around 116 kilograms per person. The average European and North American consumes nearly 80 kilograms and more than 110 kilograms, respectively.
Consumption of pig meat is high around the globe, along with beef and buffalo meat, chicken, goat, duck and others. It has been estimated that 69 billion chickens; 1.5 billion pigs; 656 million turkeys; 574 million sheep; 479 million goats; and 302 million cattle were killed for meat production. With pig, poultry is also one of the most popular kind of processed meat, with a 38 percent share of the global market. Hence, rise in the demand for fresh products such as pork and beef coupled with awareness regarding the safety and nutritional value of these products is projected to drive the demand for these animals.
The rise in number of poultry farms, and livestock’s is on the rise. In order to influence the degrees of nutrition required for these animals, they must get diet rich in protein. For instance, basic components for poultry nutrition include water, carbohydrates, fats, proteins, minerals, and vitamins. A diet that combines these elements in the proper proportions helps in sustaining poultry’s normal breathing, eating, digestion, growth, reproduction, and egg production. Fishmeal is a commercial product mostly made from fish that are given to feed farm animals in an agricultural setting, e.g., pigs, poultry, and farmed fish. It is primarily protein supplementing compound feed. Thus, increase in the demand for meat and milk products automatically drives the market for fishmeal across the globe.
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Biomega Group is focused on the manufacturing of pet food and its ingredients in the market. The company utilizes quality raw materials transformed into advanced pet food ingredients and products through an accelerated biorefining process. The several products offered in the portfolio include premium pet food comprised of Salmigo
Active protein extract, human nutrition segment. The company has developed customized reactors for several applications in pet food industry.
September 2021
Biomega invested in expansion of its manufacturing facility with utilization of biorefining capabilities. This expansion of manufacturing facility, propelled the demand for ingredients and food products in the market.
Pioneer Fishing is a South Africa based company. The shareholders in Pioneer Fishing are African Pioneer Marine (Pty) Ltd, with 90%, and the Employee Share Ownership Programme (ESOP), with 10%. The company is involved in the production and marketing of fish and associated product across the globe through several brands which includes Sea Pride, VIVA, Regal and Glenryck.
The products offered by company includes
Fishmeal
Fish Oil
Canned fish
The canned fish are marked by national chain stores, independent wholesalers and selected retailers in South Africa. The company has also established distributors to ensure that cans reach their destination in perfect condition.
September 2020
Pioneer Fishing's majority shareholder, African Pioneer Marine (Pty) Ltd (APM) has acquired Glenryck South Africa (Pty) Ltd in order to opened up and create exciting opportunities in canned fish, frozen fish products and other related product development.
Glenryck South Africa was established in 2016 and was formerly owned by the Bidvest group. It was recognized as producers of premium canned pilchards, a popular and affordable food source the across the world.
Top Companies Market Share in Fishmeal Industry: (In no particular order of Rank)
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Region and country analysis section of Fishmeal Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.
The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Fishmeal market.
The current report Scope analyzes Fishmeal Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Fishmeal Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Fishmeal Industry growth. Fishmeal market has been segmented with the help of its Type, Application Nature, and others. Fishmeal market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The Steam Dried segment Revenue will be USD 6,735.26 Million by 2028.
Steam Dried Fish meal is a vital protein and animal nutrition that is a very excellent mineral resource and an undiscovered growth element. It helps to avoid a variety of health problems connected with malnutrition. The variety and taste of steam-dried fish meals are available in the market. Steam-dried fish meal obtained from 100% Oil Sardine has protein content and superior quality.
This type of fish meal is made by drying the fish with the help of a direct flame of heat. A flame-dried fish meal consisting of high nutritive value. The flame-dried process enriched the taste of the fish meal. Steam-dried fish provides high-quality proteins, healthy fats (including long-chain omega-3 fatty acids like eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA)), and a unique source of essential nutrients such as iodine, zinc, copper, selenium, and calcium. However, it is available with minimum choices.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Fishmeal Industry. Request a Free Sample PDF!
The Aquaculture Feed segment Revenue in Fishmeal will be USD 4,443.87 Million by 2028.
Fish meal (FM) has historically been utilized as the primary protein source in the aqua feed business due to its high protein content and well-balanced EAA profile. The utilization of fishmeal and fish oil in aquaculture reduces aquatic production by relating with food chains. Additionally, the use of fishmeal in aquatic animal diets can help minimize wastewater contamination by improving the digestibility of nutrients.
For decades, fishmeal is included in poultry diets. Fish meal with fair average quality which is lower in protein is used in poultry feeds. It may also be utilized in or under the quantity required by the animals’ food habits for optimal poultry nutrition as a feed supplement. A wide range of fish meals was utilized in poultry diets including Pacific whiting, Dover sole, Brown rock, and Atlantic cod.
Fishmeal usage as a component in pigs' feed is one of the animal proteins sources. In swine diets, the function of fish meals is to supply high-quality protein and a high level of essential amino acids. The fishmeal is known to be relatively digestible and frequently supports better feed conversion ratios (FCR) and quicker development in young pigs. Sometimes, highly appealing and nutrient-dense protein sources, such as fish meals, have been added to diets to promote feed consumption in freshly weaned pigs.
The marine fish meal is an important pet food ingredient. It provides a high level of protein amino acids, contains minerals accessible for nutrition, and carries a significant amount of fatty acids omega-3. It can be used for dogs and cats. Fish food is added to the dog's diet, keeping the skin and the coat healthy, regulating the development of blood coagulations, and many other good effects on health. Fish Meal may be preferred in cats for preventing constipation and struvite urolithiasis
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Senior Analyst at Cognitive Market Research
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building. I fulfill data requirements with thorough research and analytics. ME and My research team provide intelligence on industry stats, market structure, company profiles/Competition Analysis, Forecast Mapping, and Recently started providing the COVID-19 Impact Analysis.
Specialties: Industry research, Company analysis, Location Strategy, Tech Research, Change Management, Process Improvement, Peer Group Benchmarking, Startup Ecosystem, Crypto Research, COVID19 Impact Analysis, etc.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
https://www.epa.gov/regulatory-information-sector/construction-sector-naics-23
https://www.usace.army.mil/Missions/Civil-Works/Engineering-and-Construction/
https://www.abs.gov.au/statistics/industry/building-and-construction
https://business.gov.au/planning/industry-information/construction-industry
https://www.usitc.gov/research_and_analysis/tradeshifts/2021/footwear
Disclaimer:
Type | Steam Dried, Flame Dried |
Application | Aquaculture Feed, Poultry Feed, Pig Feed, Pet Food, Others |
Nature | Organic, Conventional |
List of Competitors | Empresas Copec S.A. (Chile), Croda International Plc. (UK), Biomega AS (Norway), Omega Protein Corporation (US), Oceana Group Limited (South Africa), FMC Corporation (US), Calysta Inc. (U.S.), Austevoll Seafood ASA (Norway), Pioneer Fishing (Pty) Ltd. (South Africa), Aker Biomarine Antarctic AS (Norway), The Scoular Company (U.S.), Sarma Fish S.A.R.L (Morocco), Alpha Atlantique (Morocco), Animalfeeds International Corporation (USA), Novus International Inc |
This chapter will help you gain GLOBAL Market Analysis of Fishmeal. Further deep in this chapter, you will be able to review Global Fishmeal Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Nature Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Fishmeal market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Steam Dried have a significant impact on Fishmeal market? |
What are the key factors affecting the Steam Dried and Flame Dried of Fishmeal Market? |
What is the CAGR/Growth Rate of Aquaculture Feed during the forecast period? |
By type, which segment accounted for largest share of the global Fishmeal Market? |
Which region is expected to dominate the global Fishmeal Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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