Fishmeal sales in North America will reach US$1.48 billion in 2021, creating more than US$100 million in new opportunities


NEW YORK, September 23, 2021 /PRNewswire/ — Fishmeal market research by Fact.MR provides exclusive insights into drivers, restraints, and opportunities, facilitating market growth till 2031. The report provides insights into factors improving the outlook demand for the fishmeal market. For the purpose of the study, it segments the market in terms of nature, application and product type.

According to a report by Fact.MR, the global fishmeal market is about to total US$4.73 billion by the end of 2021. Due to the increasing application of fishmeal in aquaculture, the market is expected to reach a valuation of US$8.7 billion by 2031.

According to the report, the market has been growing at a CAGR of 4.7% over the past half-decade. With the rapid expansion of agriculture and animal husbandry industries, coupled with increasing use of fish products for the production of fertilizers and animal feeds, the fishmeal market is expected to grow at a CAGR of 6.3% over the forecast period from 2021 to 2031.

A rapid transition to the use of natural fertilizers from synthetic fertilizers has been observed in recent years. Growing environmental concerns and awareness about the adverse effects of chemical fertilizers on soils and crops have been at the heart of this paradigm shift.

Request a sample report for complete information on

https://www.factmr.com/connectus/sample?flag=S&rep_id=6938

As natural fishmeal fertilizers boost fertility and improve soil health by providing crops with non-combustion nitrogen and other nutrients such as phosphorus and potassium, they are gaining popularity with farmers. .

Based on the region, North America is expected to become the most lucrative market, accounting for approximately 31.3% of global sales in 2021. Due to the high protein content of fishmeal, it is increasingly used in the production of animal feed and for pets, especially feline food. Driven by this, the regional market is expected to reach a valuation of US$1.48 billion.

“Intensive research and development (R&D) activities undertaken in the market, investments in the commercialization of fishmeal made from several seafood trimmings, and the increasing adoption of marine products in various industries are expected to increase the market growth over the next ten years.“, says an analyst from Fact.MR.

Main takeaways from fishmeal market Investigation

  • The United States should dominate the North America fishmeal market, representing more than 87% of regional sales in 2021, due to the growing consumption of seafood products.
  • The market in China is expected to grow at a CAGR of 6.7%, accounting for nearly 43% of fishmeal sales in East Asia until 2031.
  • India is estimated to emerge as a highly remunerative market in South Asiadriven by strong demand from the fertilizer and animal feed industry.
  • Germany should represent more than 23.8% of the Europe market, driven by the growing use of fishmeal for aquatic food and pet food applications in the country.
  • In terms of product type, the crustacean segment is on track to total $966.8 millionrepresenting nearly 20.5% of overall sales in 2021.

Key factors

  • Growing applications in animal feed and pharmaceutical industries owing to high content of omega-3 fatty acids, vitamin b12 and protein in fishmeals are driving the growth of the market.
  • The growing demand for salmon, cod and tuna seafood products in countries such as Germany and the United States are expected to boost sales of the cyprinid segment.

Key Constraints

  • Increased number of strict regulations implemented to protect marine life and implementation of fishing laws in North America and Europe hinder the growth of the market.
  • The availability of cheaper natural fertilizer substitutes such as manure, vermicompost and others is hampering the sales of fishmeal applications in the fertilizer segment.

For in-depth information on Fishmeal Market, request methodology to

https://www.factmr.com/connectus/sample?flag=RM&rep_id=6938

Competitive landscape

The major manufacturers in the fishmeal market are focusing on R&D to improve the overall product quality. Additionally, some of the major players are adopting strategies such as expansion of production facilities, acquisitions, mergers, and collaborations to enhance sales during the assessment period. For example,

  • In May 2021Biomega AS, a marine bioproducts company, announced the expansion of its operations by investing in a biorefinery in Denmark. The strategy aims to increase the development of salmon-derived products to strengthen the company’s footprint in the fishmeal market.
  • In July 2021Aker BioMarine Antarctic AS, an innovator in biotechnology and Antarctic krill harvesting company, built the world’s first krill protein hydrolysis pilot plant. The plant is expected to start operating in 2022, to develop functional feeds for animal feed and aquaculture.

Some of the Major Fishmeal Market Players Featured by Fact.MR are:

  • Oceana Group Limited S.A.
  • Triplenine Group A/S
  • Empresas Copec SA
  • Pesquera Diamante S.A.
  • Pesquera Hayduk SA
  • Ff Skagen A/S
  • Austevoll Seafood ASA
  • Biomega AS
  • Sardine DOO
  • Sarma Fish SARL
  • Pioneer Fishing Pt Ltd.
  • Aker BioMarine Antarctica AS
  • TASA
  • Omega Protein Society
  • The Scoular company
  • Calysta, Inc.
  • Unibio A/S
  • Novus International Inc.
  • International Animal Feed Society
  • Alpha Atlantic

More valuable information about Fishmeal Marlet

Fact.MR, in its new report, offers an unbiased analysis of the global fishmeal market, analyzing forecast statistics to 2021 and beyond. The survey reveals growth projections in the fishmeal market with detailed segmentation:

  • By nature
    • Organic fish meal
    • Conventional fishmeal
  • By request
    • Fish meal for animal feed
    • Fishmeal for Aqua Feed
    • Fish meal for poultry
    • Fish meal for pharmaceutical products
    • Fish meal for dietary supplements
    • Fish meal for fertilizer
  • By product type
    • Shellfish
      • Crabs
      • Lobsters
      • Crayfish
      • Shrimp
      • Shrimp
      • krill
      • Woodlice
      • barnacles
    • Cyprinidae
      • Tuna
      • Tilapia
      • Swordfish
      • Salmon
      • Milkfish
      • Catfish
      • Trout
      • marine fish
      • Eels
      • molluscs

Key questions addressed in the Fishmeal Market report

  • The market study also highlights the forecasted sales growth for the fishmeal market between 2020 and 2030
  • The report offers an overview of the demand outlook for fishmeal for 2020-2030
  • Fishmeal market share analysis of major companies in the industry and coverage of strategies such as mergers and acquisitions, collaborations or partnerships, etc.
  • The Fishmeal Market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current and forecast market size and technological advancements within industry

Explore Fact.MR’s Food & Beverage Coverage –

Tilapia market Over the past decade there has been a resurgence of interest in fish as a natural protein. The numerous health benefits of freshwater fish, such as boosting heart and bone health, improving brain function, weight control, etc., expand the opportunities for tilapia suppliers around the world. whole. Suppliers have seen significant development in recent years, with increased demand due to its high nutritional value, which includes protein, vitamin B12, potassium and other nutrients. Tilapia is a farmed fish with mild flavor, high nutritional content, flaky and firm meat, and is widely consumed as dried tilapia fillets, frozen whole tilapia and other forms.

Alaskan Salmon MarketFish consumption has increased dramatically in recent decades, due to changing attitudes towards healthy eating and ethical consumption, which have fueled the expansion of the fish industry. Fast-paced consumer lifestyles are creating a demand for more convenience in the kitchen, which is increasing the demand for frozen Alaskan salmon around the world. Meanwhile, customers are increasingly concerned about their health and eating habits. Manufacturers are introducing frozen Alaskan salmon to meet consumer demands for healthy and convenient cooking methods.

poultry feed market The global poultry feed industry continues to be influenced by the shift towards a high protein diet and an increasing preference for poultry meat. The ban of antibiotics in poultry feed, which promotes faster growth of poultry, is likely to open up new opportunities for players in the poultry feed market. This should impact the absorption of various feed additives and enzymes that help improve the quality of poultry feed. As a result, new strategies to boost poultry production and yield superior results, comparable to antibiotic health promoters, have been discovered.

About Fact.MR

Market research and consulting agency that makes the difference! That’s why 80% of Fortune 1000 companies trust us to make their most critical decisions. We have offices in the United States and Dublinwhile our global headquarters are located in dubai. Although our experienced consultants use the latest technology to extract hard-to-find information, we believe that our USP is the trust our clients place in our expertise. Covering a wide range – from automotive and industry 4.0 to food and beverage and retail, our coverage is extensive, but we ensure that even the most niche categories are analyzed. Contact us with your goals and we will be a competent research partner.

Contact:

Mahendra Singh
USA sales office
11140 Rockville pike
Office 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: [email protected]

SOURCE Fact.MR

Previous Non-native fish are the main consumers of salmon
Next The Smart Protein Project: Developing the next generation of plant-based fish - vegconomist