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According to the current analysis of Reports and Data, The Fishmeal & Fish Oil Market was valued at USD 8.87 Billion in 2019 and is expected to reach USD 15.8 Billion by 2027 at a CAGR of 8.8%. Fishmeal is the flour processed out of the fish after milling and drying the fish and its selective body parts, whereas animal oil is that the brown or yellow liquid extracted out by pressing the cooked fish. The fishmeal & fish oil are majorly utilized as an additive within the animal and fish feeds. Both fishmeal and animal oil are employed as high protein ingredients within the feeds given to farmland animals and farmed fishes. Fish oil is majorly utilized in the farm fish feeds with a minor share used in land animal feeds.
Moreover,
fishmeal isn't fed directly (undiluted) to the animals as a feed additive. It
has to be added in animal feeds by following typical inclusion rates for
fishmeal, which vary among different feeds. The assembly of fishmeal and animal
oil utilizes different species of fishes. However, oily fish species like
anchoveta fish are usually used.
Fish
meal is considered an exceptional source of protein for all farmed and aqua
cultured animals. It is rich in essential amino acids, particularly lysine,
cysteine, methionine, and tryptophan, which are key limiting amino acids for
growth and productivity in the notable farmed species. Animal health is
improved with fish meal and fish oils in their diet. The inclusion of fish meal
& fish oil in animal feed results in improved production efficiencies
across all major farmed species. It has the potential for the dietary
manipulation of tissue/product composition to produce 'healthier' foods for use
in the human food chain. The waste products of animals fed fish meal and fish
oil contain less nitrogen and phosphorus, reducing the environmental impact of
effluent disposal Fish meal is a commercial product obtained from bones of
wild-caught small marine fishes. The procedure includes fish trimmings or
drying fish and then crushing it.
The
Fishmeal & Fish Oil market has been segmented into key regions of the world
and offers an analysis of growth rate, market share, market size, current and
emerging trends, production and consumption ratio, industrial chain analysis,
demand and supply, import and export, revenue contribution, and presence of key
players in each region. A country-wise analysis of the market is offered in the
report to gain a better understanding of the regional spread and progress of
the Fishmeal & Fish Oil market.
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Competitive Landscape:
The
research report offers details about leading companies in the global Fishmeal
& Fish Oil market along with global position, financial standing, license
agreement, products and services portfolio and revenue contribution of each
market player. Key players in the market are focusing on adopting various
strategies such as mergers and acquisition, business expansion plans, new
product launches, partnerships, collaborations, joint ventures to enhance their
product base and gain robust footing in the market.
Market Dynamics:
Increasing consumer inclination towards functional, organic
and probiotic-based food & drinks is providing impetus to the growth of
global food and beverage industry. Various studies have come with health
benefits associated with “ethnic” and organic food products. These foods
improve cardiovascular health, improves arthritis, digestive issues, and other
inflammatory conditions. Consumers are gradually focusing on mindful eating and
consuming food for health and wellness. Changing eating and dietary patterns of
consumers is prompting brand owners and new entrants to introduce healthy foods
options. Several clean-label products have been introduced in the market and
consumer curiosity for new products is immense
Growing middle class consumers with rising
income in developing countries such as India and China will boost food &
beverage market growth. Moreover, increasing consumer preference for procuring
food and beverage items from online platforms due to variety, cost and
time-saving will foster market size through 2027.
Some of the Leading Market Players Are Listed Below:
·
Austevoll Seafood ASA
(Norway),
·
Croda International Plc.
(U.K.),
·
Oceana Group Limited
(South Africa),
·
FMC Corporation (U.S.),
·
Omega Protein Corporation
(U.S.),
·
Tasa (South Africa),
·
Marvesa Oils & Fats
B.V. (Netherlands)
·
GC Rieber Oils AS
(Norway).
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about this Report: https://www.reportsanddata.com/report-detail/fishmeal-and-fish-oil-market
Market Segmentation:
The
Global Fishmeal & Fish Oil Industries are also studied based on leading
segments, and examines dominant product and application segments in detail. The
report aims to help reader’s benefits from the growth prospects existing in the
market in the global Fishmeal & Fish Oil industries. It offers key
information on drivers and restraints influencing the leading segments in the
global Fishmeal & Fish Oil industries.
Fishmeal & Fish Oil Market Segmentation based On the basis of source:
- Salmon &
trout
- Crustaceans
- Marine fish
- Carps
- Tilapias
- Others (eels,
crabs, and lobsters)
Fishmeal & Fish Oil Market Segmentation based On the basis of livestock application:
- Aquatic
animals
- Poultry
- Swine
- Cattle
- Pets
- Others
(equine and other marine species)
Fishmeal & Fish Oil Market Segmentation based On the basis of industrial application:
- Aquaculture
- Pharmaceuticals
- Fertilizers
For
comprehensive coverage, the report discusses growth prospects, opportunities,
and challenges. The market report considers various key factors across the
leading regions.
Fishmeal & Fish Oil Market Segmentation based on
Regions:
· North
America (U.S., Canada, Mexico)
· Europe
(Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
· Asia
Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
· Latin
America (Brazil, Rest of Latin America)
· Middle
East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East &
Africa)
Key Features of the global Fishmeal & Fish Oil Market:
· The
report offers detailed estimations at the regional level with manufacturers,
consumption, sales and import/export dynamics.
· The
report provides accurate details related of the manufacturers/vendors in the
market, company overview, pricing analysis, financial standing, product
portfolio, and gross profit of leading companies.
· Company
profiling with prevalent expansion strategies, revenue generation, and recent
developments.
· Optimum
strategic initiatives for new players in the market.
· Manufacturing
processes, suppliers, cost, rates of production and consumption, transport mode
and cost structuring, and value chain analysis.
· The
study also includes supply chain trends, including elaborate descriptions of
the latest technological development
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you for reading our research report. We also offer report customization as per
client requirement. Kindly contact us to know more about the customization plan
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Key questions addressed in the Report:
· Which
key players are operating in the global Fishmeal & Fish Oil market?
· Which
key factors are expected to hamper global market revenue growth?
· What
market size is the global Fishmeal & Fish Oil market expected to reach
throughout the forecast period?
· Which
application segment revenue is expected to expand at a rapid CAGR between 2021
and 2028?
· Which
region is expected to account for robust revenue share throughout the forecast
period?
· Which
regional segment is expected to register fastest revenue CAGR throughout the
forecast period?
· What
revenue CGAR is the global Fishmeal & Fish Oil market expected to register
during the forecast period?
· What
are the key outcomes of Porter’s Five Force analysis of the Fishmeal & Fish
Oil market?
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