Worldwide Market Reports

Future Market Insights: Fish Meal Market Steady Growth in Revenue to Be Witnessed by the Globe in the Coming Years

It is clear that aquaculture will continue to fill the rising supply-demand gap in the face of fast increasing global fish demand. Increasing competition and dependency for agricultural crops which are already under pressure to meet global demand for feed, food, bio-fuels, and bio-based materials drive the global fish meal market. Increasing awareness about the fish meal diet such as blood meals, meat, and bone in animal feed expected to boost the demand for fish meal. People in a developed country shifting from red meat to alternative protein source for animal feed, which is expected to rise in the global demand for fish meal.


Seattle, WA -- (SBWIRE) -- 11/15/2019 -- Growing demand for naturally sourced protein additives in animal feed, rising consumption of fish as a main food in different regions and increasing number of individuals inclined towards non-vegetarian dishes are some of the key driving factors for the market growth. However, high cost fluctuations and rising substitutes of Fish Meal products are some of the factors hindering the market growth. Moreover, the market players have enough opportunity to come up with new and improved products which is going to boost the share of Fish Meal in the global market.

The aquaculture segment by use is expected to show high demand for Fish Meal in the years to come. This segment is expected to show higher consumption of Fish Meal and is the largest segment in terms of volume, value as well as growth rate. The aquaculture segment is poised to register a high value CAGR of 5.5% throughout the period of forecast, 2017-2027. It is estimated to reach a valuation of more than US$ 7 Bn by the end of the forecast period from an estimate of around US$ 4 Bn in 2017, and is likely to continue leading the global market till the end of the assessment year.

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The aquaculture segment is further categorised into crustaceans, salmon and trout, marine fish, cyprinids and others. The crustaceans sub segment is anticipated to show high demand in the coming years. This segment is poised to grow at a relatively high growth rate to register a value CAGR of 6.2% throughout the period of forecast. The crustaceans sub segment is estimated at a value of around US$ 1.4 Bn in 2017 and is expected to each a valuation of more than US$ 2.7 Bn by the end of the period of forecast. The high growth of the crustaceans sub segment is attributed to the increasing preference for shrimps among individuals across the globe.

Salmon and trout sub segment is the second largest sub segment contributing to the growth of the parent aquaculture segment in the coming years. This sub segment is anticipated to reach a value a bit over US$ 2 Bn by the end of the period of assessment. It is poised to grow at a value CAGR of more than 5.5% during the forecast period.

Some of the Key Players profiled in the Fish Meal Market include Ff Skagen A/S, Oceana Group Limited S.A., Sarma Fish S.A.R.L, Calysta, Inc., Animalfeeds International Corporation , Alpha Atlantique, Novus International Inc., The Scoular Company, Sardina D.O.O., Austevoll Seafood ASA, Empresas Copec , Biomega AS, Pioneer Fishing Pty Ltd., Omega Protein Corporation, Triplenine Group A/S and Aker BioMarine Antarctic AS.

The Asia-Pacific region dominated the Fish Meal market in 2015. The region witnesses the maximum consumption of Fish Meal due to increasing livestock population and the demand for new and enhanced products. Developing economies in the region such as China, India, Vietnam, Thailand, and Japan contribute to a larger market share for Fish Meal due to increased local outputs and high import and export of aquaculture products in these countries.

This research study involved the extensive use of secondary sources, which included directories and databases, such as Hoovers, Forbes, Bloomberg Business-week, and Factiva, to identify and collect information useful for a technical, market-oriented, and commercial study of the Fish Meal market.

The primary sources that have been involved include industry experts from the core and related industries; preferred suppliers, dealers, manufacturers, alliances, and standards & certification organisations from companies; and organisations related to all the segments of this industry's value chain. In-depth interviews have been conducted with various primary respondents such as key industry participants, subject matter experts, C-level executives of key market players, and industry consultants to obtain and verify critical qualitative and quantitative information as well as to assess future prospects.

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