Global Fishmeal & Fish Oil Market: Overview
Fishmeal is increasingly being used in fertilisers and animal feed for livestock and aquaculture. This trend will likely continue, owing largely to the thriving agriculture and aquaculture industries.
The rising consumer awareness of the benefits of omega-3 fatty acid consumption will drive the fishmeal and fish oil market. Fish oils are primarily extracted from anchovies, salmon, and trout. These fish are high in astaxanthin and carotenoids, which have a variety of applications in the pharmaceutical industry.
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Fishmeal is the flour extracted from the fish after milling and drying the fish and its selective body parts, whereas fish oil is the brown or yellow liquid extracted from the cooked fish by pressing it. Fishmeal and fish oil are commonly used as feed additives in animal and fish feeds. Fishmeal and fish oil are both used as high protein ingredients in feeds for farm animals and farmed fish. Fish oil is primarily used in farm fish feeds, with a minor proportion used in land animal feeds. Furthermore, fishmeal is not fed to animals directly (undiluted) as a feed additive.
The global fish and seafood market is in a dynamic evolution stage, with large market players and government fishery organisations collaborating with small fishery farms at both the inter and intra-regional levels, resulting in a broad range of demand with quality in the aquatic feed additive market. This, in turn, drives the market for fishmeal and fish oil. Furthermore, rising demand for innovative health supplements for both infants and adults will catalyse demand for human edible fishmeal and fish oil production, as well as omega-3 supplementation.
Furthermore, consumer awareness and the desire to use products sourced and grown with naturally grown ingredients increased the demand for fertilisers with natural additives. This also contributes to the growing global demand for fishmeal and fish oil. However, the use of fishmeal and fish oil as animal feed additives is limited by the typical inclusion rates, which is expected to limit the market growth rate for fishmeal and fish oil.
Global Fishmeal & Fish Oil Market: Major Players
Austevoll Seafood ASA
Coomarpes Ltda.
Daybrook Fisheries, Inc.
Pesquera Diamante
Pesquera Exalmar
Rongcheng Blue Ocean Marine Bio
Triplenine Group
Omega Protein Corporation
Empresas Copec S.A.
FF Skagen
Pioneer Fishing (Pty) Ltd.
China Fishery Group Limited.
Pesquera Hayduk
TASA
Global Fishmeal & Fish Oil Market: Types
Salmon & Trout
Marine Fish
Crustaceans
Tilapias
Carps
Other
Global Fishmeal & Fish Oil Market: Applications
Fertilizer
Aquaculture
Pharmaceuticals
Other
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