Global Fishmeal Market Report 2022: Growing Awareness About Fishmeal Diet And Its Benefits To Fuel Industry Growth – ResearchAndMarkets.com


DUBLIN–(BUSINESS WIRE)–The “Global Fishmeal Market, Size, Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Business Opportunity Analysis” report has been added to from ResearchAndMarkets.com offer.

The global fishmeal market is expected to reach US$10.31 billion by 2027. Globally, fishmeal is a generic word for a nutrient-dense meal ingredient used primarily in food pets, sometimes used as a high quality organic fertilizer. Fishmeal can be produced from virtually any type of seafood, but is usually made from small, wild-caught marine fish that have a high percentage of bones and oil and are generally considered unfit for direct human consumption. In addition, nutritionists recognize fishmeal as a high quality and easily digestible food component which is preferred for feeding most farm animals, mainly fish and shrimp.

China dominates the fishmeal landscape among importing countries:

In China, farmers are securing protein-rich fishmeal in their aquatic systems; therefore, global developments in the shrimp farming industry are driving imports of high quality fishmeal. In addition, the limited supply and strict fishing restrictions allow regional companies to develop safer and more productive methods of collecting and selling fishmeal, promoting overall import growth in Chinese provinces. Moreover, with the growing demand for marine and seafood by-products in the country, fishmeal suppliers in China are focusing on improving quality, productivity and sustainability.

Peru is considering the main fishmeal exports in the global fishmeal market:

According to our analysis, Peru holds the world’s most dominant market share in the fishmeal industry. Furthermore, the demand for fishmeal is further expected to witness a decent growth throughout the forecast period. In addition, the widespread presence of a large food sector and authentic restaurant chains will continue to increase fishmeal exports from the Peruvian market. In addition, rising seafood expenditure per capita and growing awareness of the health benefits of seafood will continue to drive fishmeal exports from the Peruvian market.

Vietnam’s fishing industry is growing to become one of the leading fishmeal producers in Asia:

According to the publisher, India, Japan, Vietnam, China, Thailand and Malaysia are Asia’s largest producers of fishmeal, with most of the production consumed in Asian markets. Vietnam’s fishing industry has evolved into one of Asia’s leading fish producers. Moreover, the production of fishmeal in Vietnam is further expected to increase at a high expansion rate due to growing demand from various end-use industries such as poultry, aquaculture feed and others.

Global Fishmeal industry is expected to grow at a CAGR of 4.1% during the period 2021-2027:

Increased awareness of fishmeal diet such as blood, meat and bone meals in animal feed is expected to increase the demand for fishmeal. Additionally, people residing in developed countries are switching from red meat to alternative sources of protein for animal 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. Additionally, growing competition and reliance on pressure crops to meet the global demand for feed, food, biofuels and bio-based materials is expected to drive the global fishmeal market.

The analysis of the cash market and volume was carried out from 9 points of view:

  • Anchovy

  • blue whiting

  • Sardines

  • Capelin

  • Menhaden

  • Norwegian pout

  • sand eel

  • Sprat

  • Others

The end-user market and volume analysis was conducted from 4 perspectives:

  • Aquaculture

  • Chicken

  • Pig

  • Others

The analysis of the aquaculture market and volume was carried out from 7 points of view:

  • Cyprinidae

  • Eels

  • Shellfish

  • marine fish

  • Salmonidae

  • Tilapia

  • Others

The analysis of the market and the volume of the producing country was carried out from 16 points of view:

  • Peru

  • China

  • Thailand

  • Vietnam

  • United States

  • Chile

  • Japan

  • Denmark

  • India

  • Norway

  • Ecuador

  • Morocco

  • Russia

  • Iceland

  • Malaysia

  • Others

The analysis of the market and the volume of the main importing countries was carried out from 6 points of view:

  • China

  • Norway

  • Japan

  • Taiwan

  • Turkey

  • Others

The analysis of the market and the volume of the main exporting countries was carried out from 7 points of view:

  • Peru

  • Denmark

  • Chile

  • United States

  • Morocco

  • Iceland

  • Others

Main topics covered:

1. Introduction

2. Research and methodology

3. Executive Summary

4. Market dynamics

5. Market and Volume Analysis – Global Fishmeal

6. Market Share Analysis – Global Fishmeal

7. Volume Share Analysis – Global Fishmeal

8. Cash Market and Volume Analysis

9. End-User Market and Volume Analysis

10. Aquaculture Market and Volume Analysis

11. Producing Country Market and Volume Analysis

12. Major Importing Countries Market and Volume Analysis

13. Carriers five forces

14. Major Exporting Countries Market and Volume Analysis

For more information on this report, visit https://www.researchandmarkets.com/r/t41846

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