Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Fishmeal
and Fish Oil Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Fishmeal and Fish Oil Market.
The research also emphasizes on the impact of restraints, drivers, and macro
indicators on the regional and global Fishmeal and Fish Oil Market over the
short as well as long period of time. A detailed presentation of forecast, trends,
and dollar values of global Fishmeal and Fish Oil Market `is offered. In
accordance with the report, the global Fishmeal and Fish Oil Market is
projected to expand at a CAGR of 7.0% over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Fishmeal is
produced by processing out the flour out of the fish after milling and drying
selective body parts of fish. Fish oil is a yellow or brown liquid extracted
out by pressing cooked fish. Animal and fish feeds contain fishmeal and fish
oil as a major ingredient. Fishmeal and fish oil are considered as high protein
ingredients added to feeds given to terrestrial farmland animals and farmed
fishes. Fish oil is mostly used in fish feeds rather than animal feeds.
Fishmeal is not directly added in an undiluted form in animal feeds.
The key drivers
of growth in the fishmeal and fish oil industry are factors such as the growing
usage of fishmeal and fish oil in the swine and poultry diet and improving
productivity and performance of aquaculture. Since 2016, salmon and trout have
become the most utilized source of fishmeal and fish oil. This is due to the
fact that famers of salmon & trout fish have increased their salmon
cultivation to appease the growing global demand of customers. Fishmeal is used
in salmon & trout feed as one of the significant ingredients that helps to
supply essential nutritional supplements to the fish. Owing to the growth
of aquaculture, a huge amount of is now diverted from terrestrial livestock
feed to aquatic feed. Usage of fish oil has increased in aquaculture industry
as it serves as the principal source of both energy and essential fatty acids.
Fishmeal and fish oil also seem to have numerous other benefits in the aquatic
animals. They provide improved immunity against diseases, higher survival and
growth rates and reduced incidences of deformities. Awareness among those in
aquaculture business is indirectly propelling growth for the fishmeal and fish
oil industry.
The key
restraints of growth in the fishmeal and fish oil market is the widespread use
of substitute feed ingredients and microbial contamination in the aquatic feed.
Alternative to marine raw materials such as fishmeal and fish oil are mainly
plant-based. These plant-based products fulfill the high prerequisite of balanced
and easily digestible proteins by aquaculture. A concoction of plant based
ingredients is successful in supplying the essential amino acids. Fish oil is
likely to be substituted by microalgae, insect meal and GM plants. The profound
usage of this wide range of alternatives serves as a challenge to the fishmeal
and fish oil industry.
The Asia-Pacific
region dominates the fishmeal and fish oil market currently. This region
exhibits maximum consumption of fishmeal and fish oil owing to the rising population
of livestock and the demand for new and advanced products. China, India,
Vietnam, Thailand, and Japan, which are the developing economies of the
Asia-Pacific region accord to a larger market share for fishmeal and fish oil
owing to the increased regional outputs and high rates of import and export of
aquaculture products.
Segment Covered:
This market
intelligence report on the global Fishmeal and Fish Oil market encompasses
market segments based on source, livestock application, industrial application,
and country/regions.
By source, the global Fishmeal and Fish Oil
Market is segregated
into,
§ Salmon & trout
§ Crustaceans
§ Marine fish
§ Carps
§ Tilapias
§ Others (eels, crabs, and lobsters)
By livestock application, the global Fishmeal
and Fish Oil Market is segmented into,
§ Aquatic animals
§ Poultry
§ Swine
§ Cattle
§ Pets
§ Others (equine and other marine species)
By industrial application, the global Fishmeal
and Fish Oil Market is also
classified into,
§ Aquaculture
§ Pharmaceuticals
§ Fertilizers
By country/region, the global Fishmeal and
Fish Oil Market has been
divided into,
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ CRODA
§ Pelagia
§ Oceana Group Limited
§ GC Rieber Oil
§ The Scoular Company
§ FMC Corporation (U.S.)
§ Austevoll Seafood ASA (Norway)
§ Omega Protein Corporation (U.S.)
§ Pesquera Exalmar S.A.A
§ Corpesca SA
§ FF Skagen A/S
Other players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Fishmeal and Fish Oil Market related investment
& spending and developments by major players of the market are tracked in
this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Fishmeal and Fish Oil Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020 – 2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Fishmeal and Fish Oil Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as FMC corporation,
Austevoll Seafood ASA, Croda International PLC., Oceana Group Ltd, Omega
Protein Corporation and many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Fishmeal and Fish Oil caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Fishmeal and Fish Oil Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Fishmeal and Fish Oil Market
v
Identification
of key factors driving investment opportunities in the Fishmeal and Fish Oil Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants