Fishmeal & Fish Oil Market Share to Reach $20.42 Billion Globally by 2032 at 4.60% CAGR: Polaris Market Research

With a compound annual growth rate (CAGR) of 4.60%, the global fishmeal & fish oil market is projected to reach a value of over USD 20.42 billion by 2032. The market was valued at USD 13.87 billion in 2023.
The key factors driving the growth of the global market are the rapidly rising awareness of animal nutrition and the growing trend of pet humanization worldwide, which has encouraged consumers to spend more on feed ingredients with a health focus, such as fishmeal and fish oil, and the growing use of these ingredients in various industrial applications, such as fertilizers, pharmaceuticals, and aquaculture applications.

𝗚𝗲𝘁 𝗙𝗿𝗲𝗲 𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗣𝗗𝗙 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 @ https://www.polarismarketresearch.com/industry-analysis/fishmeal-and-fish-oil-market/request-for-sample

𝗠𝗮𝗿𝗸𝗲𝘁 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄

Fishmeal and fish oil are produced by low-trophic-level species or smaller forage fish that congregate in massive schools along coasts and open waters, such as anchovies, krill, and herring. Fishmeal has long been a valued ingredient in a wide range of sectors, including aquaculture, animal husbandry, and even human health. These marine products' distinct combination of proteins, minerals, and vital fatty acids is responsible for their rich nutritional profile. Fishmeal and oil are readily digested materials that are utilized in animal feed, from salmon and tilapia (aquaculture) to cattle and poultry (livestock).

𝗠𝗮𝗷𝗼𝗿 𝗣𝗮𝗿𝘁𝗶𝗰𝗶𝗽𝗮𝗻𝘁𝘀

The fishmeal & fish oil market key players operating in the industry are:
• FKS Multi Agro
• Mukka Proteins
• Sandakan Fishmeal
• Raj Fishmeal
• Asia Fish Oil
• Pattani Fish Meal
• Austevoll Seafood
• Scoular Company
• Croda International
• Oceana Group
• Omega Protein
• FF Skagen
• Pioneer Fishing
• Maxland
• and Gold Fin International.Austevoll Seafood ASA
• The Scoular Company
• Croda International Plc
• Oceana Group Limited
• Omega Protein Corporation
• FF Skagen A/S
• Pioneer Fishing
• Maxland Group
• and Gold Fin International.

𝗥𝗲𝗴𝗶𝗼𝗻-𝗪𝗶𝘀𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀

Based on geographical research, in 2022, North America conquered the market with a significant revenue share. The surge in demand for aquatic feed additives in countries such as the US and Canada, coupled with increased government support for industry development, can be attributed to the growth of the regional market.
Additionally, the Asia Pacific region has a significant portion of the market. The market is growing and in demand due to factors such as the notable increase in awareness about the health and nutrition of livestock and pets, as well as the increasing penetration of fishmeal and fish oil due to its multiple benefits on joint, skin, and coat health, among other health benefits.

𝑩𝒖𝒚 𝒕𝒉𝒊𝒔 𝑷𝒓𝒆𝒎𝒊𝒖𝒎 𝑹𝒆𝒔𝒆𝒂𝒓𝒄𝒉 𝑹𝒆𝒑𝒐𝒓𝒕 @ https://www.polarismarketresearch.com/buy/2288/2

𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝗹 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀

Fishmeal & Fish Oil Market Research has segmented the fishmeal & fish oil market report based on source, livestock, industrial application, and region:
Fishmeal & Fish Oil, Source Outlook (Revenue - USD Billion, 2019 - 2032)
Salmon & Trout
Marine Fish
Crustaceans
Tilapia
Carps
Other Sources

Fishmeal & Fish Oil, Livestock Outlook (Revenue - USD Billion, 2019 - 2032)
Aquatic Animals
Swine
Poultry
Cattle
Pets

Fishmeal & Fish Oil, Industrial Application Outlook (Revenue - USD Billion, 2019 - 2032)
Fertilizers
Aquaculture
Pharma

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 @ https://www.polarismarketresearch.com/industry-analysis/fishmeal-and-fish-oil-market

𝗙𝗶𝘀𝗵𝗺𝗲𝗮𝗹 & 𝗙𝗶𝘀𝗵 𝗢𝗶𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗽𝗼𝗿𝘁 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀

• Crustaceans segment is projected to grow during the anticipated period, on account of rise in the adoption of product as a dietary protein source in various fishmeal products
• Aquatic animals segment accounted for highest market share in 2022, which is mainly driven high prevalence for the incorporation of aquatic animals into fish related diets
• Pharma segment anticipated to gain substantial market share over the forecast period, that is mainly due to increased awareness and popularity of healthy lifestyle and nutrition consumption
• North America region dominated the global market in 2022, owing to rising focus on major players on technological advancements and rise in the consumer spending capacity on protein-rich dietary foods in the region

𝙈𝙤𝙧𝙚 𝙏𝙧𝙚𝙣𝙙𝙞𝙣𝙜 𝙍𝙚𝙥𝙤𝙧𝙩𝙨 𝙗𝙮 𝙋𝙤𝙡𝙖𝙧𝙞𝙨 𝙈𝙖𝙧𝙠𝙚𝙩 𝙍𝙚𝙨𝙚𝙖𝙧𝙘𝙝:

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