Product Code: PM3324
The global fishmeal & fish oil market size is expected to reach USD 20.42 billion by 2032, according to a new study by Polaris Market Research. The report "Fishmeal & Fish Oil Market Share, Size, Trends, Industry Analysis Report, By Source (Salmon & Trout, Marine Fish, Crustaceans, Tilapia, Carps, and Other Sources); By Livestock; By Industrial Application; By Region; Segment Forecast, 2023-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Rise in the integration of the product in swine and poultry diets and enhancement in the productivity with environmental performance of aquaculture coupled with the maintainable intensification of agriculture are key factors propelling the market growth. Moreover, increasing use of fish by-products in pharmaceutical industry along with the surging scientific innovations and implementation on production capacity expansion activities among large players, will further stimulate the global market demand and growth. For instance, in October 2022, Scoular, Da Yang Seafood, & the Bornstein, established new fishmeal processing facility at the, Oregon.
The production of fishmeal and other related products is estimated to grow moderately over the coming years due to better utilization of by-products from fish processing industry and growing development of various other raw material sources such as algae, insects, and krill will offer lucrative opportunities in the near future. The expansion of the retail market and continuous changes in food consumption pattern of consumers and their desire to spend on their own and family's health will support the market.
These products are being considered as the most nutritious & digestible ingredients for the farmed fish and its being increasingly used in the specific production stages of the aquaculture. Apart from this, the product production process is highly energy-sensitive and opportunities remain of producing greater-value products with less energy and lesser environmental impact.
Fishmeal & Fish Oil Market Report Highlights
Crustaceans segment is projected to grow during the anticipated period, on account of rise in the adoption of product as a dietary protein source in various fishmeal products
Aquatic animals segment accounted for highest market share in 2022, which is mainly driven high prevalence for the incorporation of aquatic animals into fish related diets
Pharma segment anticipated to gain substantial market share over the forecast period, that is mainly due to increased awareness and popularity of healthy lifestyle and nutrition consumption
North America region dominated the global market in 2022, owing to rising focus on major players on technological advancements and rise in the consumer spending capacity on protein-rich dietary foods in the region
The global key market players include: Sandakan Fishmeal, The Scoular Company, Croda International, Omega Protein Corporation, Raj Fishmeal and Oil Company, and Asia Fish Oil Corporation
Fishmeal & Fish Oil Market Research has segmented the fishmeal & fish oil market report based on source, livestock, industrial application, and region:
Fishmeal & Fish Oil, Source Outlook (Revenue - USD Billion, 2019 - 2032)
- Salmon & Trout
- Marine Fish
- Crustaceans
- Tilapia
- Carps
- Other Sources
Fishmeal & Fish Oil, Livestock Outlook (Revenue - USD Billion, 2019 - 2032)
- Aquatic Animals
- Swine
- Poultry
- Cattle
- Pets
Fishmeal & Fish Oil, Industrial Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Fertilizers
- Aquaculture
- Pharma
Fishmeal & Fish Oil, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Fishmeal & Fish Oil Market Insights
- 4.1. Fishmeal & Fish Oil Market - Industrial Application Snapshot
- 4.2. Fishmeal & Fish Oil Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising efforts toward research & development
- 4.2.1.2. Growth in the pharmaceutical industry
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Environmental and social challenges
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Fishmeal & Fish Oil Market Industrial Application Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Fishmeal & Fish Oil Market, by Source
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 5.3. Salmon & Trout
- 5.3.1. Global Fishmeal & Fish Oil Market, by Salmon & Trout, by Region, 2019-2032 (USD Billion)
- 5.4. Maine Fish
- 5.4.1. Global Fishmeal & Fish Oil Market, by Maine Fish, by Region, 2019-2032 (USD Billion)
- 5.5. Crustaceans
- 5.5.1. Global Fishmeal & Fish Oil Market, by Crustaceans, by Region, 2019-2032 (USD Billion)
- 5.6. Tilapia
- 5.6.1. Global Fishmeal & Fish Oil Market, by Tilapia, by Region, 2019-2032 (USD Billion)
- 5.7. Carps
- 5.7.1. Global Fishmeal & Fish Oil Market, by Carps, by Region, 2019-2032 (USD Billion)
- 5.8. Other Source
- 5.8.1. Global Fishmeal & Fish Oil Market, by Other Source, by Region, 2019-2032 (USD Billion)
6. Global Fishmeal & Fish Oil Market, by Livestock
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 6.3. Aquatic Animals
- 6.3.1. Global Fishmeal & Fish Oil Market, by Aquatic Animals, by Region, 2019-2032 (USD Billion)
- 6.4. Swine
- 6.4.1. Global Fishmeal & Fish Oil Market, by Swine, by Region, 2019-2032 (USD Billion)
- 6.5. Poultry
- 6.5.1. Global Fishmeal & Fish Oil Market, by Poultry, by Region, 2019-2032 (USD Billion)
- 6.6. Cattle
- 6.6.1. Global Fishmeal & Fish Oil Market, by Cattle, by Region, 2019-2032 (USD Billion)
- 6.7. Pets
- 6.7.1. Global Fishmeal & Fish Oil Market, by Pets, by Region, 2019-2032 (USD Billion)
7. Global Fishmeal & Fish Oil Market, by Industrial Application
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 7.3. Fertilizers
- 7.3.1. Global Fishmeal & Fish Oil Market, by Fertilizers, By Region, 2019-2032 (USD Billion)
- 7.4. Aquaculture
- 7.4.1. Global Fishmeal & Fish Oil Market, by Aquaculture, By Region, 2019-2032 (USD Billion)
- 7.5. Pharma
- 7.5.1. Global Fishmeal & Fish Oil Market, by Pharma, By Region, 2019-2032 (USD Billion)
8. Global Fishmeal & Fish Oil Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Fishmeal & Fish Oil Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Fishmeal & Fish Oil Market - North America
- 8.3.1. North America: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.3.2. North America: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.3.3. North America: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 8.3.4. Fishmeal & Fish Oil Market - U.S.
- 8.3.4.1. U.S.: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 8.3.5. Fishmeal & Fish Oil Market - Canada
- 8.3.5.1. Canada: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 8.4. Fishmeal & Fish Oil Market - Europe
- 8.4.1. Europe: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.4.3. Europe: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 8.4.4. Fishmeal & Fish Oil Market - UK
- 8.4.4.1. UK: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 8.4.5. Fishmeal & Fish Oil Market - France
- 8.4.5.1. France: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.4.5.3. France: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 8.4.6. Fishmeal & Fish Oil Market - Germany
- 8.4.6.1. Germany: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 8.4.7. Fishmeal & Fish Oil Market - Italy
- 8.4.7.1. Italy: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 8.4.8. Fishmeal & Fish Oil Market - Spain
- 8.4.8.1. Spain: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 8.4.9. Fishmeal & Fish Oil Market - Netherlands
- 8.4.9.1. Netherlands: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 8.4.10. Fishmeal & Fish Oil Market - Russia
- 8.4.10.1. Russia: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 8.5. Fishmeal & Fish Oil Market - Asia Pacific
- 8.5.1. Asia Pacific: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 8.5.4. Fishmeal & Fish Oil Market - China
- 8.5.4.1. China: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.5.4.3. China: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 8.5.5. Fishmeal & Fish Oil Market - India
- 8.5.5.1. India: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.5.5.3. India: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 8.5.6. Fishmeal & Fish Oil Market - Malaysia
- 8.5.6.1. Malaysia: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 8.5.7. Fishmeal & Fish Oil Market - Japan
- 8.5.7.1. Japan: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 8.5.8. Fishmeal & Fish Oil Market - Indonesia
- 8.5.8.1. Indonesia: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 8.5.9. Fishmeal & Fish Oil Market - South Korea
- 8.5.9.1. South Korea: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 8.6. Fishmeal & Fish Oil Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 8.6.4. Fishmeal & Fish Oil Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 8.6.5. Fishmeal & Fish Oil Market - UAE
- 8.6.5.1. UAE: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 8.6.6. Fishmeal & Fish Oil Market - Israel
- 8.6.6.1. Israel: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 8.6.7. Fishmeal & Fish Oil Market - South Africa
- 8.6.7.1. South Africa: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 8.7. Fishmeal & Fish Oil Market - Latin America
- 8.7.1. Latin America: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 8.7.4. Fishmeal & Fish Oil Market - Mexico
- 8.7.4.1. Mexico: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 8.7.5. Fishmeal & Fish Oil Market - Brazil
- 8.7.5.1. Brazil: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
- 8.7.6. Fishmeal & Fish Oil Market - Argentina
- 8.7.6.1. Argentina: Fishmeal & Fish Oil Market, by Source, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Fishmeal & Fish Oil Market, by Industrial Application, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Fishmeal & Fish Oil Market, by Livestock, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. FKS Multi Agro
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Mukka Proteins
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Sandakan Fishmeal
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Raj Fishmeal
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Asia Fish Oil
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Pattani Fish Meal
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Austevoll Seafood
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Scoular Company
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Croda International
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Oceana Group
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Omega Protein
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. FF Skagen
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Pioneer Fishing
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Maxland
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Gold Fin International
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development