Global Fish Meal Market Opportunities and Forecast 2023-2030

Fish Meal Market Overview

Younger animals like weaned pigs are highly sensitive to the dietary protein feed. Their immunoregulatory system isn't ready to distinguish fully between proteins from harmful bacteria and feed proteins; adverse allergic reaction to some feed proteins is probably going.

The fish meal provides a superb source of by-pass protein for ruminants and an honest source of quality protein for monogastric. Compared with other sources of plant protein and cereals, fish meal provides an honest nutritional source of phosphorus and calcium in animal feeds. Fish meal may be a nutrient-rich feed ingredient used mainly in diets of livestock and also used as a high-quality organic fertilizer. Fish meal is obtained from any sort of seafood but is typically manufactured from tiny marine fish that contain a high percentage of oils and bones, and it's not suitable for direct human consumption.

The fishing corporation isn't well established in many developing countries, and it makes increased contributions to future fish meal supply in some regions. The meaning of accelerating the availability of meals from farmed fish and aquaculture systems is feasible and deserves assessment.

In many parts of some countries like Cambodia and Vietnam, waste fish meal is employed for extra fish pond production and combined into native animal feeds. Fish meal is typically sold in powder form and is employed frequently in compound foods for poultry, pigs and farmed fish. Fish meal is more valuable to be used as a fertilizer.
 
Covid-19 Impact on Fish Meal Market:

A pandemic such as COVID-19 has not only affected the smooth operations of food supply chains but also resulted in food insecurity conditions in several nations. Manufacturers working in the sector are facing challenges in regards to operations, safety, supply chain, training, emergency responses, awareness, incident management, recreating business models, digitalization, and other unanticipated impacts. Alcohol, a major component in beverage industry is facing a devastating effect of pandemic. 13% of the craft beer sector around the world is in the process of shutting up shop, and the wine industry is in severe distress. Besides, shortage of raw materials caused shut down of many small to medium food processing companies around the world.
 
Fish Meal Market Segment Overview

The nature segment of the fish meal market is split into organic and conventional. Fishmeal & animal oil offer many benefits to aquatic animals like improved immunity against diseases, higher survival & growth, and reduced incidences of deformities so that now organic fish meal market huge growth opportunity.

The Source of species segment is split into anchovy, blue whiting, sardines, capelin, menhaden, Norway pout, sand eel, sprat, et al.

The Application segment is split into Animal Feed, Pharmaceuticals, Dietary Supplements, and Fertilizers. The global fishmeal & animal oil market is projected to grow thanks to factors like rising use of fishmeal & animal oil in swine and poultry diets and improving productivity and performance of aquaculture. With the increase in aquaculture production, large amounts of fishmeal are diverted from terrestrial livestock feed to aquatic feed.

Market Analysis, Insights and Forecast – By Nature
·       Organic
·       Conventional

Market Analysis, Insights and Forecast – By Sources
·       Sardines
·       Anchovy
·       Blue Whiting
·       Capelin
·       Norway Pout
·       Send eel
·       Sprat
·       Menhaden

Market Analysis, Insights and Forecast – By Application
·       Animal Feed
·       Pharmaceuticals
·       Dietary Supplements
·       Fertilizers
 
Fish Meal Market Regional Overview

Region-wise, in terms of regions, The Asia-Pacific region dominated the fishmeal & animal oil market in 2015. The region witnesses the most consumption of fishmeal & animal oil because of the increasing livestock population and therefore the demand for new and enhanced products. Developing economies within the region like China, India, Vietnam, Thailand, and Japan contribute to a larger market share for fishmeal & fish oil because of increased local outputs and high import and export of aquaculture products in these countries.
 
Fish Meal Market, By Geography

·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
 
Fish Meal Market Competitor overview

Some key developments and strategies adopted by manufacturers in the Fish Meal are highlighted below.

·  According to IFFO (The Marine Ingredients Organization), 81% of worldwide animal oil production visited aquaculture, and 68% visited salmonids. Production of fishmeal & animal oil has remained comparatively stable. Nevertheless, the introduction of increased use for direct human consumption and precautionary quotas has reduced the quantity of whole fish going for fishmeal & animal oil.

Fish Meal Market, Key Players

·       Al Dahra ACX
·       Archer Daniels Midland
·       Angel Yeast Co. Ltd
·       Cargill Inc.
·       Calysta, Inc.
·       Lallemand Inc.
·       Nutreco N.V
·       Alltech
·       among other fish meal manufacturers.