Global fishmeal market to reach $10.31 billion by 2027


DUBLIN, August 24, 2022 /PRNewswire/ — The report “Global Fishmeal Market, Size, Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Business Opportunity Analysis” 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 pet food, 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, supporting the overall growth of imports in the provinces of China. Additionally, with the growing demand for marine and seafood by-products in the country, fishmeal suppliers China focus 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.

from vietnam The fishing industry is growing to become one of the major fishmeal producers in Asia:
According to the publisher, India, Japan, Vietnam, China, Thailandand Malaysia are from Asia major fishmeal producers, most of whose production is consumed in Asian markets. from vietnam the fishing industry has evolved into one of the from Asia major fish producers. In addition, the production of fishmeal in Vietnam is further expected to grow 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 market and end-user volume analysis was done 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 about this report visit https://www.researchandmarkets.com/r/updm0d

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