Global Fishmeal Market 2021- Industry Size and Outlook to 2028

    Fishmeal Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Source (Salmon and Trout, Marine Fish, Crustaceans, Tilapia, Others); Application (Fertilizers, Animal Feed, Others) and Geography

    Publication Month: Nov 2021 | Report Code: TIPRE00019526 | No. of Pages: 125 | Category: Food and Beverages | Status: Published

    The fishmeal market was valued at US$ 8,153.6 million in 2020 and is projected to reach US$ 15,264.6 million by 2028; it is expected to grow at a CAGR of 8.3% from 2021 to 2028.

    Fishmeal is produced using fish by-products from the food processing and filleting industries. It is mainly used as a high protein (60–72%) ingredient in feed produced for farmed animals and aquaculture species. The demand for fishmeal exceeds the supply for it; therefore, the feed industry has considerably changed the composition of fishmeal in feed. The fishmeal market has witnessed the growth over historic period owing to the development of aquaculture due to rising demand for seafood products and increasing reliance on aquaculture by developing countries to resolve food scarcity. Also, fishmeal is sustainable in nature as it is produced from waste components of other industry. Therefore, it is a part of various environmental conservation programs. The market is thereby benefitting from sustainable practices, such as organic farming.

    In 2020, Asia-Pacific held the largest revenue share of the global fishmeal market. Also, the region is expected to register the highest CAGR during the forecast period. Asia-Pacific comprises several major economies such as India, China, Japan, South Korea, and Australia. These countries are witnessing an upsurge in industrialization in the food sector and urbanization activities, offering ample opportunities for the key players in the fishmeal market. Asia-Pacific is anticipated to witness a rising demand for fishmeal in the coming years owing to the presence of numerous small and medium level domestic players in the market. During the forecast period, the fishmeal market is expected to witness huge demand from the aquaculture and organic farming industries due to its highly nutritious profile containing essential amino acids. Besides, fishmeal finds applications in nutraceutical, pharmaceutical, and other industries. The fishmeal market in Asia-Pacific is expected to grow during the forecast period due to enormous growth in the aquaculture sector, especially in India and China. Additionally, the rising population and growing government support are driving the market growth in the region.

    Strategic Insights


    The COVID-19 pandemic has negatively impacted the fisheries industry with disruptions in its supply chain. The decline in the demand for seafood has resulted in the decreased production of fish. Low fish demand reduced fish fleet activities, which negatively impacted the production of fish by-products, especially fishmeal. However, with the launch of vaccination drives globally, the economies are reviving, and industries are witnessing demand for their products. Various governments are also taking initiatives to minimize the loss of the fisheries industry due to this pandemic. With this, the fishmeal market is expected to witness growth in the coming years.

    Geographic Overview of Fishmeal Market

    Geographic Overview of Fishmeal Market

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    Market Insights

    Increasing Demand for Protein Rich Animal Feed

    The industrialization of animal farming has increased the demand for protein-rich animal feed ingredients to raise the feed conversion rate. Industrially raised livestock are mainly fed on concentrates made from cereal and vegetable protein such as soybean meals to assist them in gaining weight and producing protein-rich meat. Farm animals depend on proteins and other elements as building blocks essential for growth. Proteins in animal feeds are an excellent energy source and essential amino acids, such as lysine and methionine. The growing awareness about the health benefits of proteins on animal health has created a substantial demand for various protein feeds, such as animal protein meals, feather meals, fishmeal, bone meal, and blood meal. Fishmeal is a rich source of protein, minerals, and fatty acids and is easily digested by the livestock upon consumption. High-quality fishmeal enables the formulation of nutrient-dense livestock diets, promoting their optimal growth. As livestock and farm animals contribute significantly to the global food supply chain, the demand for protein-rich nutritious animal feed is rising and is expected to continue during the forecast period. The constantly burgeoning demand for protein-rich animal feeds to promote growth in livestock at all stages of life is driving the overall fishmeal market substantially.

    Source Insights

    Based on source, the global fishmeal market is segmented into salmon, mackerel, anchovy, capelin, and others. In 2020, the anchovy segment accounted for the largest revenue share. Anchovies are majorly found in SAM, especially in Peru. The volume of fishmeal production manufactured from Peruvian anchovies is equivalent to the requirement of half of the global fed farmed fish production. The market for the anchovy segment is expected to witness growth during the forecast period due to the availability of anchovies in ample quantity. The high availability of anchovies also has a positive impact on the global food security.

    Application Insights

    Based on application, the global fishmeal market is segmented into animal feed, agriculture, and others. In 2020, the animal feed segment accounted for the largest revenue share. Fishmeal is a highly digestible feed ingredient, carrying a high amount of energy per unit weight. It contains little carbohydrate and is an excellent source of vitamins, minerals, oils (lipids), and proteins. Many commercial fishmeal are made from small and bony fishes, which are not suitable for consumption by human or manufactured from by-products of the fish processing industry. Therefore, the valorization of by-products makes the fishmeal animal feed economical. Hence, the enhancement of animal feed with the help of fishmeal is driving the market growth for this segment.

    Global Fishmeal Market, by Application – 2020 and 2028

    Global Fishmeal Market, by Application – 2020 and 2028

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    TripleNine, The Scoular Company, FF SKAGEN A/S, Pelagia AS, Soytex LTD, Pesquera Diamante S.A., TASA, Oceana Group Limited, Omega Protein Corporation, and COPEINCA are a few well-established players in the global fishmeal market. Companies in the market are adopting strategies such as product developments, plant expansions, and mergers and acquisitions to expand their footprint worldwide and meet the growing demand from end users. For instance, in September 2021, Scoular launched a new brand Encompass for its growing fishmeal business.

    Report Spotlights

    • Progressive industry trends in the global fishmeal market to help players develop effective long-term strategies
    • Business growth strategies adopted by developed and developing markets
    • Quantitative analysis of the global fishmeal market from 2019 to 2028
    • Estimation of the demand for fishmeal across various industries
    • Recent developments to understand the competitive market scenario and the demand for fishmeal
    • Market trends and outlook coupled with factors driving and restraining the growth of the fishmeal market
    • Decision-making process by understanding strategies that underpin commercial interest with regard to the global fishmeal market growth
    • Fishmeal market size at various nodes of the market
    • Detailed overview and segmentation of the global fishmeal market as well as its dynamics in the industry
    • Fishmeal market size in various regions with promising growth opportunities

    Fishmeal Market, by Source

    • Salmon
    • Mackerel
    • Anchovy
    • Capelin
    • Others

    Fishmeal Market, by Application

    • Animal Feed
    • Agriculture
    • Others

    Company Profiles

    • TripleNine
    • The Scoular Company
    • FF SKAGEN A/S
    • Pelagia AS
    • Soytex LTD
    • Pesquera Diamante S.A.
    • TASA
    • Oceana Group Limited
    • Omega Protein Corporation
    • COPEINCA

    1. Introduction

    1.1 Study Scope

    1.2 The Insight Partners Research Report Guidance

    1.3 Market Segmentation

    1.3.1 Fishmeal Market, by Source

    1.3.2 Fishmeal Market, by Application

    1.3.3 Fishmeal Market, by Geography

    2. Key Takeaways

    3. Research Methodology

    3.1 Scope of the Study

    3.2 Research Methodology

    3.2.1 Data Collection

    3.2.2 Primary Interviews

    3.2.3 Hypothesis Formulation

    3.2.4 Macro-economic Factor Analysis

    3.2.5 Developing Base Number

    3.2.6 Data Triangulation

    3.2.7 Country Level Data

    4. Global Fishmeal Market Landscape

    4.1 Market Overview

    4.2 Pest Analysis

    4.2.1 North America: Pest Analysis

    4.2.2 Europe: Pest Analysis

    4.2.3 APAC: Pest Analysis

    4.2.4 MEA: Pest Analysis

    4.2.5 SAM: Pest Analysis

    4.3 Expert’s Opinion

    5. Fishmeal Market –Market Dynamics

    5.1 Market Drivers

    5.1.1 Rise in Industrial Livestock Production

    5.1.2 Increasing Demand for Protein Rich Animal Feed

    5.2 Market Restraints

    5.2.1 Availability of Substitutes

    5.3 Market Opportunities

    5.3.1 Growth of Aquaculture

    5.4 Future Trends

    5.4.1 Rising Need to Boost Agricultural Productivity

    5.5 Impact Analysis of Drivers and Restraint

    6. Fishmeal – Global Market Analysis

    6.1 Fishmeal Market Overview

    6.2 Fishmeal Market –Revenue and Forecast to 2028 (US$ Mn)

    6.3 Market Positioning – Global Market Players

    7. Global Fishmeal Market Analysis – By Source

    7.1 Overview

    7.2 Fishmeal Market, By Source (2020 and 2028)

    7.3 Salmon

    7.3.1 Overview

    7.3.2 Salmon: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)

    7.4 Mackerel

    7.4.1 Overview

    7.4.2 Mackerel: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)

    7.5 Anchovy

    7.5.1 Overview

    7.5.2 Anchovy: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)

    7.6 Capelin

    7.6.1 Overview

    7.6.2 Capelin: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)

    7.7 Others

    7.7.1 Overview

    7.7.2 Others: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)

    8. Global Fishmeal Market Analysis – By Application

    8.1 Overview

    8.2 Fishmeal Market, By Application (2020 and 2028)

    8.3 Animal Feed

    8.3.1 Overview

    8.3.2 Animal Feed: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)

    8.4 Agriculture

    8.4.1 Overview

    8.4.2 Agriculture: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)

    8.5 Others

    8.5.1 Overview

    8.5.2 Others: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)

    9. Fishmeal Market– Geographic Analysis

    9.1 Overview

    9.2 North America: Fishmeal Market

    9.2.1 North America: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    9.2.2 North America: Fishmeal Market, by Source

    9.2.3 North America: Fishmeal Market, by Application

    9.2.4 North America: Fishmeal Market, by Key Country

    9.2.4.1 US: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    9.2.4.1.1 US: Fishmeal Market, by Source

    9.2.4.1.2 US: Fishmeal Market, by Application

    9.2.4.2 Canada: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    9.2.4.2.1 Canada: Fishmeal Market, by Source

    9.2.4.2.2 Canada: Fishmeal Market, by Application

    9.2.4.3 Mexico: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    9.2.4.3.1 Mexico: Fishmeal Market, by Source

    9.2.4.3.2 Mexico: Fishmeal Market, by Application

    9.3 Europe: Fishmeal Market

    9.3.1 Europe: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    9.3.2 Europe: Fishmeal Market, by Source

    9.3.3 Europe: Fishmeal Market, by Application

    9.3.4 Europe: Fishmeal Market, by Key Country

    9.3.4.1 Germany: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    9.3.4.1.1 Germany: Fishmeal Market, by Source

    9.3.4.1.2 Germany: Fishmeal Market, by Application

    9.3.4.2 France: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    9.3.4.2.1 France: Fishmeal Market, by Source

    9.3.4.2.2 France: Fishmeal Market, by Application

    9.3.4.3 Italy: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    9.3.4.3.1 Italy: Fishmeal Market, by Source

    9.3.4.3.2 Italy: Fishmeal Market, by Application

    9.3.4.4 United Kingdom: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    9.3.4.4.1 United Kingdom: Fishmeal Market, by Source

    9.3.4.4.2 United Kingdom: Fishmeal Market, by Application

    9.3.4.5 Russia: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    9.3.4.5.1 Russia: Fishmeal Market, by Source

    9.3.4.5.2 Russia: Fishmeal Market, by Application

    9.3.4.6 Rest of Europe: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    9.3.4.6.1 Rest of Europe: Fishmeal Market, by Source

    9.3.4.6.2 Rest of Europe: Fishmeal Market, by Application

    9.4 APAC: Fishmeal Market

    9.4.1 APAC: Fishmeal Market –Revenue, and Forecast to 2028 (US$ Mn)

    9.4.2 APAC: Fishmeal Market, by Source

    9.4.3 APAC: Fishmeal Market, by Application

    9.4.4 APAC: Fishmeal Market, by Key Country

    9.4.4.1 Australia: Fishmeal Market – Revenue, and Forecast to 2028 (US$ Mn)

    9.4.4.1.1 Australia: Fishmeal Market, by Source

    9.4.4.1.2 Australia: Fishmeal Market, by Application

    9.4.4.2 China: Fishmeal Market – Revenue, and Forecast to 2028 (US$ Mn)

    9.4.4.2.1 China: Fishmeal Market, by Source

    9.4.4.2.2 China: Fishmeal Market, by Application

    9.4.4.3 India: Fishmeal Market – Revenue, and Forecast to 2028 (US$ Mn)

    9.4.4.3.1 India: Fishmeal Market, by Source

    9.4.4.3.2 India: Fishmeal Market, by Application

    9.4.4.4 Japan: Fishmeal Market – Revenue, and Forecast to 2028 (US$ Mn)

    9.4.4.4.1 Japan: Fishmeal Market, by Source

    9.4.4.4.2 Japan: Fishmeal Market, by Application

    9.4.4.5 South Korea: Fishmeal Market – Revenue, and Forecast to 2028 (US$ Mn)

    9.4.4.5.1 South Korea: Fishmeal Market, by Source

    9.4.4.5.2 South Korea: Fishmeal Market, by Application

    9.4.4.6 Rest of Asia-Pacific: Fishmeal Market – Revenue, and Forecast to 2028 (US$ Mn)

    9.4.4.6.1 Rest of Asia-Pacific: Fishmeal Market, by Source

    9.4.4.6.2 Rest of Asia-Pacific: Fishmeal Market, by Application

    9.5 Middle East and Africa: Fishmeal Market

    9.5.1 Middle East and Africa: Fishmeal Market –Revenue, and Forecast to 2028 (US$ Mn)

    9.5.2 Middle East and Africa: Fishmeal Market, by Source

    9.5.3 Middle East and Africa: Fishmeal Market, by Application

    9.5.4 Middle East and Africa: Fishmeal Market, by Key Country

    9.5.4.1 South Africa: Fishmeal Market – Revenue, and Forecast to 2028 (US$ Mn)

    9.5.4.1.1 South Africa: Fishmeal Market, by Source

    9.5.4.1.2 South Africa: Fishmeal Market, by Application

    9.5.4.2 Saudi Arabia: Fishmeal Market – Revenue, and Forecast to 2028 (US$ Mn)

    9.5.4.2.1 Saudi Arabia: Fishmeal Market, by Source

    9.5.4.2.2 Saudi Arabia: Fishmeal Market, by Application

    9.5.4.3 UAE: Fishmeal Market – Revenue, and Forecast to 2028 (US$ Mn)

    9.5.4.3.1 UAE: Fishmeal Market, by Source

    9.5.4.3.2 UAE: Fishmeal Market, by Application

    9.5.4.4 Rest of Middle East and Africa: Fishmeal Market – Revenue, and Forecast to 2028 (US$ Mn)

    9.5.4.4.1 Rest of Middle East and Africa: Fishmeal Market, by Source

    9.5.4.4.2 Rest of Middle East and Africa: Fishmeal Market, by Application

    9.6 SAM: Fishmeal Market

    9.6.1 SAM: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    9.6.2 SAM: Fishmeal Market, by Source

    9.6.3 SAM: Fishmeal Market, by Application

    9.6.4 SAM: Fishmeal Market, by Key Country

    9.6.4.1 Brazil: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    9.6.4.1.1 Brazil: Fishmeal Market, by Source

    9.6.4.1.2 Brazil: Fishmeal Market, by Application

    9.6.4.2 Argentina: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    9.6.4.2.1 Argentina: Fishmeal Market, by Source

    9.6.4.2.2 Argentina: Fishmeal Market, by Application

    9.6.4.3 Rest of SAM: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    9.6.4.3.1 Rest of SAM: Fishmeal Market, by Source

    9.6.4.3.2 Rest of SAM: Fishmeal Market, by Application

    10. Impact of COVID-19 Pandemic on Global Fishmeal Market

    10.1 Overview

    10.2 North America: Impact Assessment of COVID-19 Pandemic

    10.3 Europe: Impact Assessment of COVID-19 Pandemic

    10.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic

    10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic

    10.6 SAM: Impact Assessment of COVID-19 Pandemic

    11. Company Profiles

    11.1 FF SKAGEN A/S

    11.1.1 Key Facts

    11.1.2 Business Description

    11.1.3 Products and Services

    11.1.4 Financial Overview

    11.1.5 SWOT Analysis

    11.1.6 Key Developments

    11.2 OCEANA GROUP LIMITED

    11.2.1 Key Facts

    11.2.2 Business Description

    11.2.3 Products and Services

    11.2.4 Financial Overview

    11.2.5 SWOT Analysis

    11.2.6 Key Developments

    11.3 Omega Protein Corporation

    11.3.1 Key Facts

    11.3.2 Business Description

    11.3.3 Products and Services

    11.3.4 Financial Overview

    11.3.5 SWOT Analysis

    11.3.6 Key Developments

    11.4 Pelagia AS

    11.4.1 Key Facts

    11.4.2 Business Description

    11.4.3 Products and Services

    11.4.4 Financial Overview

    11.4.5 SWOT Analysis

    11.4.6 Key Developments

    11.5 TASA

    11.5.1 Key Facts

    11.5.2 Business Description

    11.5.3 Products and Services

    11.5.4 Financial Overview

    11.5.5 SWOT Analysis

    11.5.6 Key Developments

    11.6 Pesquera Diamante S.A.

    11.6.1 Key Facts

    11.6.2 Business Description

    11.6.3 Products and Services

    11.6.4 Financial Overview

    11.6.5 SWOT Analysis

    11.6.6 Key Developments

    11.7 The Scoular Company

    11.7.1 Key Facts

    11.7.2 Business Description

    11.7.3 Products and Services

    11.7.4 Financial Overview

    11.7.5 SWOT Analysis

    11.7.6 Key Developments

    11.8 TripleNine

    11.8.1 Key Facts

    11.8.2 Business Description

    11.8.3 Products and Services

    11.8.4 Financial Overview

    11.8.5 SWOT Analysis

    11.8.6 Key Developments

    11.9 COPEINCA

    11.9.1 Key Facts

    11.9.2 Business Description

    11.9.3 Products and Services

    11.9.4 Financial Overview

    11.9.5 SWOT Analysis

    11.9.6 Key Developments

    11.10 Soytex LTD

    11.10.1 Key Facts

    11.10.2 Business Description

    11.10.3 Products and Services

    11.10.4 Financial Overview

    11.10.5 SWOT Analysis

    11.10.6 Key Developments

    12. Appendix

    12.1 About The Insight Partners

    12.2 Glossary of Terms


    LIST OF TABLES

    Table 1. Fishmeal Market –Revenue and Forecast to 2028 (US$ Mn)

    Table 2. North America Fishmeal Market, by Source– Revenue and Forecast to 2028 (US$ Mn)

    Table 3. North America Fishmeal Market, by Application– Revenue and Forecast to 2028 (US$ Mn)

    Table 4. US Fishmeal Market, by Source– Revenue and Forecast to 2028 (US$ Mn)

    Table 5. US Fishmeal Market, by Application – Revenue and Forecast to 2028 (US$ Mn)

    Table 6. Canada: Fishmeal Market, by Source– Revenue and Forecast to 2028 (US$ Mn)

    Table 7. Canada Fishmeal Market, by Application – Revenue and Forecast to 2028 (US$ Mn)

    Table 8. Mexico Fishmeal Market, by Source– Revenue and Forecast to 2028 (US$ Mn)

    Table 9. Mexico Fishmeal Market, by Application – Revenue and Forecast to 2028 (US$ Mn)

    Table 10. Europe Fishmeal Market, by Source– Revenue and Forecast to 2028 (US$ Mn)

    Table 11. Europe Fishmeal Market, by Application – Revenue and Forecast to 2028 (US$ Mn)

    Table 12. Germany Fishmeal Market, by Source– Revenue and Forecast to 2028 (US$ Mn)

    Table 13. Germany Fishmeal Market, by Application – Revenue and Forecast to 2028 (US$ Mn)

    Table 14. France Fishmeal Market, by Source– Revenue and Forecast to 2028 (US$ Mn)

    Table 15. France Fishmeal Market, by Application– Revenue and Forecast to 2028 (US$ Mn)

    Table 16. Italy Fishmeal Market, by Source– Revenue and Forecast to 2028 (US$ Mn)

    Table 17. Italy Fishmeal Market, by Application – Revenue and Forecast to 2028 (US$ Mn)

    Table 18. United Kingdom Fishmeal Market, by Source– Revenue and Forecast to 2028 (US$ Mn)

    Table 19. United Kingdom Fishmeal Market, by Application– Revenue and Forecast to 2028 (US$ Mn)

    Table 20. Russia Fishmeal Market, by Source– Revenue and Forecast to 2028 (US$ Mn)

    Table 21. Russia Fishmeal Market, by Application – Revenue and Forecast to 2028 (US$ Mn)

    Table 22. Rest of Europe Fishmeal Market, by Source– Revenue and Forecast to 2028 (US$ Mn)

    Table 23. Rest of Europe Fishmeal Market, by Application – Revenue and Forecast to 2028 (US$ Mn)

    Table 24. APAC Fishmeal, by Source – Revenue and Forecast to 2028 (US$ Mn)

    Table 25. APAC Fishmeal, by Application– Revenue and Forecast to 2028 (US$ Mn)

    Table 26. Australia Fishmeal, by Source – Revenue and Forecast to 2028 (US$ Mn)

    Table 27. Australia Fishmeal, by Application – Revenue and Forecast to 2028 (US$ Mn)

    Table 28. China Fishmeal, by Source – Revenue and Forecast to 2028 (US$ Mn)

    Table 29. China Fishmeal, by Application – Revenue and Forecast to 2028 (US$ Mn)

    Table 30. India Fishmeal, by Source – Revenue and Forecast to 2028 (US$ Mn)

    Table 31. India Fishmeal, by Application – Revenue and Forecast to 2028 (US$ Mn)

    Table 32. Japan Fishmeal, by Source – Revenue and Forecast to 2028 (US$ Mn)

    Table 33. Japan Fishmeal, by Application – Revenue and Forecast to 2028 (US$ Mn)

    Table 34. South Korea Fishmeal, by Source – Revenue and Forecast to 2028 (US$ Mn)

    Table 35. South Korea Fishmeal, by Application – Revenue and Forecast to 2028 (US$ Mn)

    Table 36. Rest of APAC Fishmeal, by Source – Revenue and Forecast to 2028 (US$ Mn)

    Table 37. Rest of APAC Fishmeal, by Application – Revenue and Forecast to 2028 (US$ Mn)

    Table 38. Middle East and Africa Fishmeal, by Source – Revenue and Forecast to 2028 (US$ Mn)

    Table 39. Middle East and Africa Fishmeal, by Application – Revenue and Forecast to 2028 (US$ Mn).

    Table 40. South Africa Fishmeal, by Source – Revenue and Forecast to 2028 (US$ Mn)

    Table 41. South Africa Fishmeal, by Application – Revenue and Forecast to 2028 (US$ Mn)

    Table 42. Saudi Arabia Fishmeal, by Source – Revenue and Forecast to 2028 (US$ Mn)

    Table 43. Saudi Arabia Fishmeal, by Application – Revenue and Forecast to 2028 (US$ Mn)

    Table 44. UAE Fishmeal, by Source – Revenue and Forecast to 2028 (US$ Mn)

    Table 45. UAE Fishmeal, by Application – Revenue and Forecast to 2028 (US$ Mn)

    Table 46. Rest of Middle East and Africa Fishmeal, by Source – Revenue and Forecast to 2028 (US$ Mn)

    Table 47. Rest of Middle East and Africa Fishmeal, by Application – Revenue and Forecast to 2028 (US$ Mn)

    Table 48. SAM Fishmeal Market, by Source– Revenue and Forecast to 2028 (US$ Mn)

    Table 49. SAM Fishmeal Market, by Application– Revenue and Forecast to 2028 (US$ Mn)

    Table 50. Brazil Fishmeal Market, by Source– Revenue and Forecast to 2028 (US$ Mn)

    Table 51. Brazil Fishmeal Market, by Application– Revenue and Forecast to 2028 (US$ Mn)

    Table 52. Argentina Fishmeal Market, by Source– Revenue and Forecast to 2028 (US$ Mn)

    Table 53. Argentina Fishmeal Market, by Application– Revenue and Forecast to 2028 (US$ Mn)

    Table 54. Rest of SAM Fishmeal Market, by Source– Revenue and Forecast to 2028 (US$ Mn)

    Table 55. Rest of SAM Fishmeal Market, by Application – Revenue and Forecast to 2028 (US$ Mn)

    Table 56. Glossary of Terms, Global Fishmeal Market

    LIST OF FIGURES

    Figure 1. Global Fishmeal Market Segmentation

    Figure 2. Fishmeal Market Segmentation – By Geography

    Figure 3. Global Fishmeal Market Overview

    Figure 4. Global Fishmeal Market, By Source

    Figure 5. Global Fishmeal Market, By Geography

    Figure 6. Expert Opinion

    Figure 7. Fishmeal Market Impact Analysis of Drivers and Restraint

    Figure 8. Geographic Overview of Fishmeal Market

    Figure 9. Fishmeal Market – Revenue and Forecast to 2028 (US$ Mn)

    Figure 10. Fishmeal Market Revenue Share, By Source (2020 and 2028)

    Figure 11. Salmon: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)

    Figure 12. Mackerel: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)

    Figure 13. Anchovy: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)

    Figure 14. Capelin: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)

    Figure 15. Others: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)

    Figure 16. Fishmeal Market Revenue Share, By Application (2020 and 2028)

    Figure 17. Animal Feed: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)

    Figure 18. Agriculture: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)

    Figure 19. Others: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)

    Figure 20. Global Fishmeal Market Revenue Share, by Region (2020 and 2028)

    Figure 21. North America: Fishmeal Market– Revenue and Forecast to 2028 (US$ Mn)

    Figure 22. North America: Fishmeal Market Revenue Share, by Source (2020 and 2028)

    Figure 23. North America: Fishmeal Market Revenue Share, by Application (2020 and 2028)

    Figure 24. North America: Fishmeal Market Revenue Share, by Key Country (2020 and 2028)

    Figure 25. US: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    Figure 26. Canada: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    Figure 27. Mexico: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    Figure 28. Europe: Fishmeal Market– Revenue and Forecast to 2028 (US$ Mn)

    Figure 29. Europe: Fishmeal Market Revenue Share, by Source (2020 and 2028)

    Figure 30. Europe: Fishmeal Market Revenue Share, by Application (2020 and 2028)

    Figure 31. Europe: Fishmeal Market Revenue Share, by Key Country (2020 and 2028)

    Figure 32. Germany: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    Figure 33. France: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    Figure 34. Italy: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    Figure 35. United Kingdom: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    Figure 36. Russia: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    Figure 37. Rest of Europe: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    Figure 38. APAC: Fishmeal Market – Revenue and Forecast to 2028 (US$ Mn)

    Figure 39. Asia-Pacific: Fishmeal Market Revenue Share, by Source (2020 and 2028)

    Figure 40. APAC: Fishmeal Market Revenue Share, by Application (2020 and 2028)

    Figure 41. APAC: Fishmeal Market Revenue Share, by Key Country (2020 and 2028)

    Figure 42. Australia: Fishmeal Market – Revenue, and Forecast to 2028 (US$ Mn)

    Figure 43. China: Fishmeal Market – Revenue, and Forecast to 2028 (US$ Mn)

    Figure 44. India: Fishmeal Market – Revenue, and Forecast to 2028 (US$ Mn)

    Figure 45. Japan: Fishmeal Market – Revenue, and Forecast to 2028 (US$ Mn)

    Figure 46. South Korea: Fishmeal Market – Revenue, and Forecast to 2028 (US$ Mn)

    Figure 47. Rest of Asia-Pacific: Fishmeal Market – Revenue, and Forecast to 2028 (US$ Mn)

    Figure 48. Middle East and Africa: Fishmeal Market – Revenue and Forecast to 2028 (US$ Mn)

    Figure 49. Middle East and Africa: Fishmeal Market Revenue Share, by Source (2020 and 2028)

    Figure 50. Middle East and Africa: Fishmeal Market Revenue Share, by Distribution Channel (2020 and 2028)

    Figure 51. Middle East and Africa: Fishmeal Market Revenue Share, by Key Country (2020 and 2028)

    Figure 52. South Africa: Fishmeal Market – Revenue, and Forecast to 2028 (US$ Mn)

    Figure 53. Saudi Arabia: Fishmeal Market – Revenue, and Forecast to 2028 (US$ Mn)

    Figure 54. UAE: Fishmeal Market – Revenue, and Forecast to 2028 (US$ Mn)

    Figure 55. Rest of Middle East and Africa: Fishmeal Market – Revenue, and Forecast to 2028 (US$ Mn)

    Figure 56. SAM: Fishmeal Market– Revenue and Forecast to 2028 (US$ Mn)

    Figure 57. SAM: Fishmeal Market Revenue Share, by Source (2020 and 2028)

    Figure 58. SAM: Fishmeal Market Revenue Share, by Application (2020 and 2028)

    Figure 59. SAM: Fishmeal Market Revenue Share, by Key Country (2020 and 2028)

    Figure 60. Brazil: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    Figure 61. Argentina: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    Figure 62. Rest of SAM: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)

    Figure 63. Impact of COVID-19 Pandemic in North America

    Figure 64. Impact of COVID-19 Pandemic in Europe

    Figure 65. Impact of COVID-19 Pandemic in Asia-Pacific

    Figure 66. Impact of COVID-19 Pandemic in Middle East and Africa

    Figure 67. Impact of COVID-19 Pandemic in SAM

    The List of Companies - Fishmeal Market

    1. TripleNine
    2. The Scoular Company
    3. FF SKAGEN A/S
    4. Pelagia AS
    5. Soytex LTD
    6. Pesquera Diamante S.A.
    7. TASA
    8. Oceana Group Limited
    9. Omega Protein Corporation
    10. COPEINCA
    • Highlights key business priorities in order to assist companies to realign their business strategies.
    • The key findings and recommendations highlight crucial progressive industry trends in the global fishmeal market, thereby allowing players to develop effective long-term strategies.
    • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
    • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
    • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to application.
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    Frequently Asked Questions

    The major players operating in the global fishmeal market are FF SKAGEN A/S, OCEANA GROUP LIMITED, Omega Protein Corporation, Pelagia AS, TASA, Pesquera Diamante S.A., The Scoular Company, TripleNine, COPEINCA, and Soytex LTD.
    In 2020, Asia-Pacific held the largest revenue share of the global fishmeal market. Also, the region registered the highest CAGR in 2020. Asia-Pacific region is anticipated to propel the fishmeal demand owing to the presence of numerous small and medium level domestic players in the market. The fishmeal market is expected to witness huge demand from the aquaculture and organic farming industries due to its highly nutritious profile containing essential amino acids. Additionally, the rising population, and the presence of government support are the other drivers for the market growth in the region.
    In 2020, the anchovy segment accounted for the largest market share. The anchovies are majorly found in SAM, especially Peru. The volume of fishmeal production manufactured from Peruvian anchovies is equivalent to requirement of half of the global fed farmed fish production. The anchovy segment has a promising growth over forecast period as anchovies are available in ample quantity. The high availability of anchovies also has positive impact on global food security.
    On the basis of application, animal feed is the fastest growing segment. Fishmeal is a highly digestible feed ingredient, carrying high amount of energy per unit weight. The ingredient also contains little carbohydrate and is an excellent source of vitamins, minerals, oils (lipids), and protein. Most commercial fishmeal is made from small, bony fishes which are not suitable for human consumption or manufactured from by-products of fish processing industry. Therefore, the valorization of by-products makes the fishmeal animal feed economical. Therefore, the enhancement of animal feed with the help of fishmeal is driving the demand for the product.
    In 2020, China held the largest market share in the global fishmeal market. China is one of the leading aquaculture producers; the country also accounts for the significant consumption of seafood. The aquaculture industry in the country has witnessed consistent growth over the past two decades and is expected to witness similar growth during the forecast period. Moreover, the growing middle-class population and increasing disposable income have led to higher demand for a variety of processed seafood products. The higher demand for seafood is expected to contribute to the fishmeal market growth in China.
    Industrial livestock production has ensured a high volume of meat production at low cost by taking advantage of economies of scale. The availability of dairy and meat products at low prices has led to an increase in their consumption and thereby contributed to the growth of the industrial livestock production industry. The robust growth witnessed by the industrial livestock production sector has spurred the demand for high-quality animal feed used in rearing a range of livestock, including cattle, swine, goats, chicken, fish, and shrimps. The crucial role played by industrial livestock production in meeting the nutritional requirement of humans worldwide has led to the proliferation of industrial livestock farms across the world and augmented the sale of animal feed and its ingredients. Thus, the rise in industrial livestock production is fueling the market growth of fishmeal, as fishmeal is used as a natural protein-rich ingredient in animal feed.

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