Global fishmeal market to reach $10.31 billion by 2027

DUBLIN, August 24, 2022 /PRNewswire/ — The “Global Fish Meal Market, Size, Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis” report has been added to ResearchAndMarkets.com’s offer.

The global fishmeal market is expected to reach: US$10.31 billion by 2027. Fish meal is a global word for a nutrient-rich meal ingredient used primarily in pet diets, and occasionally used as a high-quality organic fertilizer. Fishmeal can be made from almost any type of seafood, but is generally made from wild-caught, small marine fish with a high percentage of bones and oil and is usually considered unfit for direct human consumption. In addition, nutritionists recognize fishmeal as a high-quality, highly digestible feed ingredient that is preferred in the diet of most farm animals, especially fish and shrimp.

China dominates the fishmeal landscape of the importing countries:
In China, the farmers provide protein-rich fishmeal in their aquatic systems; therefore global developments in the shrimp farming industry are encouraging the import of high quality fishmeal. In addition, limited supply and strict fishing restrictions allow regional companies to develop safer and more productive methods of collecting and selling fishmeal, which slows down the overall import growth in the provinces of China. Further, with the rising demand for marine by-products and seafood in the country, fishmeal suppliers in China focus on improving quality, productivity and sustainability.

Peru sees large fishmeal exports in the global fishmeal market:
According to our analysis, Peru has the most dominant market share in the fishmeal industry worldwide. In addition, the demand for fishmeal is expected to grow significantly over the forecast period. In addition, the widespread presence of a large food sector and genuine restaurant chains will continue to increase the export of fishmeal from the Peruvian market. Furthermore, increasing expenditure on seafood per capita and a growing awareness of the health benefits of seafood will continue to drive the export of fishmeal from the Peruvian market.

Vietnamese Fish industry grows into one of the best fish meal producers in Asia:
According to the publisher India, Japan, Vietnam, China, Thailandand Malaysia to be Asia major fishmeal producers, with the bulk of production consumed in Asian markets. Vietnamese fishing industry has evolved into one of Asia top fisheries producers. In addition, the production of fishmeal in Vietnam is expected to increase further at a high rate of expansion due to the rising demand from various end-use industries such as poultry, aquafeed and others.

Globally, the fishmeal industry is expected to grow at a CAGR of 4.1% in 2021-2027:
Raising awareness about the fishmeal diet, such as blood meals, meat and bones in animal feed, is expected to increase the demand for fishmeal. In addition, people living in developed countries are shifting from red meat to alternative protein sources for livestock feed, which is expected to increase the global demand for fishmeal. In addition, aquaculture will continue to fill the growing gap between supply and demand in the face of rapidly increasing global demand for fishmeal. Furthermore, increasing competition and reliance on crops under pressure to meet global demand for feed, food, biofuels and bio-based materials are expected to boost the global fishmeal market.

Species market and volume analysis has been done from 9 points of view:

  • anchovies
  • blue whiting
  • Sardines
  • capelin
  • Menhaden
  • Norwegian pout
  • sandeel
  • Sprat
  • others

The end-user market and volume analysis was done from 4 points of view:

  • Aquaculture
  • Chicken
  • Pig
  • others

Aquaculture Market & Volume Analysis are done from 7 points of view:

  • Cyprinids
  • eel
  • shellfish
  • marine fish
  • salmonids
  • Tilapias
  • others

Producing country market and volume analyzes are done from 16 points of view:

  • Peru
  • China
  • Thailand
  • Vietnam
  • United States
  • Chili
  • Japan
  • Denmark
  • India
  • Norway
  • Ecuador
  • Morocco
  • Russia
  • Iceland
  • Malaysia
  • others

The market and volume analysis of the main importing countries has been done from 6 points of view:

  • China
  • Norway
  • Japan
  • Taiwan
  • Turkey
  • others

The market and volume analysis of the best exporting countries has been done from 7 points of view:

  • Peru
  • Denmark
  • Chili
  • United States
  • Morocco
  • Iceland
  • others

Main topics covered:

1 Introduction

2. Research and methodology

3. Summary

4. Market Dynamics

5. Market and Volume Analysis – Global Fish Meal

6. Market Share Analysis – Global Fish Meal

7. Volume Stock Analysis – Global Fishmeal

8. Species Market and Volume Analysis

9. End User Market and Volume Analysis

10. Aquaculture Market and Volume Analysis

11. Perform country market and volume analysis

12. Analysis of the most imported countries market and volume

13. Porter’s Five Powers

14. Market and Volume Analysis of the Best Exporting Country

For more information on this report, please visit https://www.researchandmarkets.com/r/updm0d

Media contact:
Research and markets
Laura Woodsenior manager
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