Fish Meal Market Size 2024-2029: Omega Protein Corporation, Pesquera Diamente S.A., Calysta Inc., Pesquera Hayduk SA, Oceana Group Limited S.A.

According to MarkNtel Advisors study the Global Fish Meal Market size is valued at around USD 205 billion in 2022 and is estimated to grow at a CAGR of about 6.5% during the forecast period, i.e., 2024-29.

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Key Findings of the Study: Fish Meal market

Global Fish Meal Market Key Driver:

Rising Adoption of Fish Meal Due to its Nutritional Contents to Thrive the Market Growth – The Global Fish Meal Market has been experiencing considerable adoption as fish meal contains high quality & quantities of nutrition such as proteins, minerals, fatty acids, etc. It is a valuable source of protein derived from fish processing and also acts as a typical constituent in aquaculture, agriculture, and majorly in animal feed. The usage of this meal, soil fertility & crop yields can be improved due to its phosphorous & high nitrogen content, thus contributing to the overall market growth.

Moreover, to meet the increasing demand for seafood products for the rising population in the world, the aquaculture industry needs fish meals as a good solution as they contain numerous nutrients.  In addition, the environmentally friendly trait of fish meals further aids the consumer’s preferences for sustainable & organic solutions for agriculture strategies. Thus, such aspects of the fish meals to drive the overall market during the forecast period.

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Scope of the Report and Fish Meal Market Segmentation:

By Nature

• Organic- Market Size & Forecast 2018-2028F, USD Million
• Conventional- Market Size & Forecast 2018-2028F, USD Million

By Source

• Salmon & Trout- Market Size & Forecast 2018-2028F, USD Million
• Marine Fish- Market Size & Forecast 2018-2028F, USD Million
• Crustaceans- Market Size & Forecast 2018-2028F, USD Million
• Tilapia- Market Size & Forecast 2018-2028F, USD Million
• Others (Catfish, Tuna, Cyprinids, etc.)- Market Size & Forecast 2018-2028F, USD Million

By Application

• Animal Feed- Market Size & Forecast 2018-2028F, USD Million
• Aqua Feed- Market Size & Forecast 2018-2028F, USD Million
• Poultry- Market Size & Forecast 2018-2028F, USD Million
• Pharmaceuticals- Market Size & Forecast 2018-2028F, USD Million
• Others (Dietary Supplements, Fertilizers, etc.)- Market Size & Forecast 2018-2028F, USD Million

By End User

• Aquaculture- Market Size & Forecast 2018-2028F, USD Million
  • Salmon & Trout- Market Size & Forecast 2018-2028F, USD Million
  • Marine Fish- Market Size & Forecast 2018-2028F, USD Million
  • Others (Crustaceans, Cyprinids, etc.)- Market Size & Forecast 2018-2028F, USD Million
• Poultry- Market Size & Forecast 2018-2028F, USD Million
• Swine- Market Size & Forecast 2018-2028F, USD Million
• Others (Exotic meats, small ruminants, etc.)- Market Size & Forecast 2018-2028F, USD Million

With possession of potential share, Aquaculture is a rapidly growing industry worldwide that is anticipated to dominate the Fish Meal Market due to the high adoption of this product.

Fish Meal Market Development:

• March 2022: Pelagia acquired all the shares of Norsk Fiskeindustri Invest AS (NFI). NFI, in turn, held a 51.05% ownership stake in Karmsund Protein AS, a company engaged in the production of fish meal & fish oil.
• March 2022: Scoular, a leading global trader in fishmeal and fish oil with a wide range of offerings, recently inaugurated a new fishmeal plant in Myanmar. This facility serves as a central hub for delivering top-notch, uniform products to Asian feed markets with a strong emphasis on just-in-time shipments.

Geographical Analysis:

By Region

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

North America dominated the Global Fish Meal Market over the past years and is presumed to thrive during the forthcoming period.

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