Albany, NY -- (SBWIRE) -- 05/06/2019 -- Marine Ingredients Market: Introduction

Marine ingredients are products that are nutritionally enriched and are used for the animal as well as human consumption. Marine Ingredients are generally derived from fish, algae, shellfish, and krill. In the market analysis of marine ingredients product type includes fish meal, fish oil, and others.

Marine ingredients are used across an extensive range of applications from their traditional use as feed ingredients to applications in food & beverage, sports nutrition & dietary supplement, infant formula, pharmaceuticals, cosmetic & personal care, and others.

The importance of marine ingredient across the globe is increasing owing to the presence of essential micro-nutrients which are not readily available from other ingredients. Fish oil and fish meal were conventionally considered to be one of the essential products derived from fish for non-food uses but over the time marine ingredients have placed itself in a very strong position for the use in food application, which is expected to bolster the demand of marine ingredients over the forecast period.

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Marine Ingredients: Market Outlook

Aquaculture production is foreseen to play a vital role in the marine ingredients in the coming decade, as most nations are venturing up their activities of production and updating the guidelines to maneuver down the aquaculture ecosystem into more friendly worldwide trade zones.

At a country level, governments are anticipating idealistic forecast overproduction at varying realistic degrees, which is an extraordinary driver for players to put more into the marine ingredients market.

Principal authorities are indicating substantial changes to be pushed in for marine ingredients products in the market in Europe, for which players in key producing countries, for example, Norway, Peru, and Norway China, among others, need to expand their standard of production for marine ingredients to safeguard themselves from the restrictions brought about by these guidelines.

Increasing Demand for Naturally-sourced Protein Additives in Animal Feed Pushing Use Cases of Marine Ingredients

Due to the ongoing episodes of infections, for example, avian influenza or avian flu, and foot and mouth diseases, the meat market in North America, particularly in the US, has turned out to be cautious about food security and quality. This is driving nature-based feed additives in animal feed, leading to an increasing demand for feed proteins sourced from animals and plants, rather than artificially synthesized protein feed additives.

Fish meal is a prominent protein source used in poultry, swine, and fish feed naturally sourced out of fish. This is expected to bolster the fish meal demand in the North American region. The trend of organic over conventional products is booming in the North American market. Fish meal with higher ash content finds application as a natural organic fertilizer in home gardens and organic farms.

Despite being a lower global preference of fish meal as an ingredient for fertilizers, it is expected to increase the demand for fish meal as a fertilizer, especially in developed nations such as the U.S. and Canada, who advocates the use of products with an organic base.

Expanding Feed Industry Drives the Demand for Fish meal, Translating into Demand Growth of Marine Ingredients

For the past few years, developing countries such as Chile, Argentina, Brazil, and other such countries across the world encountered a massive shift in consumption patterns from carbohydrate based food (such as cereals, rice and grains) to protein enriched foods (such as pork, chicken and fish). This factor is expected to bolster the demand for meat products across Latin America, thereby resulting in a growth of the animal feed industry in the region, driving the demand for fish meal in the region.

Expansion of the animal feed industry coupled with booming aquaculture in Latin America is expected to drive the demand for fish meal. To cater to the increasing demand for fish and fish products among the region, aquaculture is growing at significant rate, which in turn driving the demand for fish meal.

Booming Aquaculture Industry Creates Opportunity for Fish meal Producers

Robust growth of the global aquaculture industry is expected to seek higher demand for farm fish feed over the forecast period, creating an opportunity for manufacturers to cater to the increasing demand for fish meal across the globe over the forecast period. The domestic consumption of fish meal in Canada and the US is relatively low as compared to the fish meal export from these countries.

Despite a reduction in the feed inclusion ratio of fish meal in animal feed, the booming aquaculture industry is expected to furnish new business opportunities for fish meal manufacturing companies, especially those which are established in the Atlantic Canadian region, due to the higher availability of fish resources for fish meal production.

New, Superior, & Carnivorous Fish Species Demanding Fish meal as Feed

The cultivation of newly found species and their effectiveness and applications in the feed industry is a driving factor in the growth of the fish meal market. Also, new aquatic life which are richer in protein and nutrient content are becoming substitutes for the older aquatic products, and consumer demand for better and effective substitutes may spur the growth of the fish meal market.

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The introduction of non-native fish species has led to the emergence of many new freshwater fish species in Europe. The newly discovered aquaculture species serves a two-way purpose. As many new species are carnivores, fish meal is an essential part of their cultivation. Developing feed substitutes for these new species is a lengthy and time-consuming process.

Consumers are thus compelled to depend on fish meal for their farming. The sensitivity of these species towards feed, that is, their nutrient intake and consumption patterns, are unknown, and high quality fish meal is a must for their cultivation.