According to SPER Market Research, the Fishmeal and Fish Oil Market is estimated to reach USD 19.97 billion by 2032 with a CAGR of 5.14%.The market is gaining momentum as fishmeal and fish oil find increasing use in various livestock and industrial applications. Demand for fishmeal and fish oil is gaining significant attraction in the industry, especially due to the growing interest in the health and nutrition of livestock and pets, coupled with an aging population, especially in the Asia-Pacific region. Increased technological innovation in the fish oil market and technological advances in increasing the efficiency of fishmeal and fish oil have contributed to the growth of the market in recent years.
Fishmeal and Fish Oil Market Overview (2022-2032)
- Forecast CAGR (2022-2032): 5.14%
- Forecast Market Size (2032): 19.97 billion
Cumulative production of fishmeal and fish oil so far this year is slightly lower than last year, which is notable given the global recession due to COVID-19. The negative impact of COVID-19 on fishmeal and fish oil trade is not expected to last for a number of reasons. First, the Peruvian government and other relevant agencies had plenty of time to deal with the various challenges posed by the pandemic. Second, China will recover from the pandemic and continue to absorb major portion of the fishmeal produced in Peru during the recovery of aquaculture and land agriculture.
Impact of COVID-19 on the Fishmeal and Fish Oil Market
Covid-19 is a unique global public health emergency that has affected nearly every industry, and the long-term impact is expected to impact industry growth during the forecast period. Ongoing research is expanding the research framework to ensure that underlying Covid-19 issues and potential future avenues are included. The report provides insights on Covid-19 by considering changes in consumer behaviour and demand, purchasing patterns, supply chain reorientation, current market force dynamics, and significant government interventions.
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Fishmeal and Fish Oil Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Source:
- Hardware
- Salmon and Trout
- Crustaceans
- Marine Fish
- Carps
- Tilapias
- Eels
- Crabs
- Tilapias
- Eels
- Crabs
- Lobsters
By Livestock Application:
- Ruminants
- Swine
- Poultry
- Aquaculture
- Equine
- Marine Species
By Industrial Application:
- Fertilizers
- Aquaculture
- Pharmaceuticals
By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- South America
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market's historic and forecast market growth by geography.
Fishmeal and Fish Oil Market Key Players:
The Fishmeal and Fish Oil Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Arbee, Asia Fish Oil Corporation, Austevoll Seafood ASA, BASF SE, Croda International PLC, Dai Dai Thanh Seafoods, FF Skagen, FKS Multi Agro, GC Rieber Oils, Mukka Proteins Limited, Oceana Group Limited, Omega Protein Corporation, Pattani Fish Meal (1988) Co., Ltd., Pelagia, Raj Fishmeal and Oil Company, Royal DSM, Sandakan Fishmeal Sdn Bhd, Sürsan A.Ş, The Scoular Company, Wudi Deda Agriculture Co., Ltd.
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Fishmeal and Fish Oil Market Future Outlook
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