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.
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Fishmeal Market: Strategic Insights
Market Size Value in US$ 8,153.6 million in 2020 Market Size Value by US$ 15,264.6 million by 2028 Growth rate CAGR of 8.3% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2020
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Fishmeal Market: Strategic Insights
| Market Size Value in | US$ 8,153.6 million in 2020 |
| Market Size Value by | US$ 15,264.6 million by 2028 |
| Growth rate | CAGR of 8.3% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2020 |
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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
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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
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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
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Source, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
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.
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
- TripleNine
- The Scoular Company
- FF SKAGEN A/S
- Pelagia AS
- Soytex LTD
- Pesquera Diamante S.A.
- TASA
- Oceana Group Limited
- Omega Protein Corporation
- COPEINCA
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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