MarkNtel Advisors recently published a detailed industry analysis of the Global Fish Meal Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Fish Meal Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2029

The Fish Meal Market size is valued at around USD 205 billion in 2022 and is estimated to grow at a CAGR of about 6.5% during the forecast period, i.e., 2024-29.

Key Findings in Global Fish Meal Market:

• Historical Analysis: 2019–2022
• Base Year: 2023
• Forecast Period: 2024–2029

Leading Market Players- Omega Protein Corporation, Pesquera Diamente S.A., Calysta Inc., Pesquera Hayduk SA, Oceana Group Limited S.A., Sardina D.O.O, TripleNine Group A/S, Empresas Copec S.A., Animal Feeds International Corporation, FF Skagen A/S, Orizon SA, Sarma Fish S.A.R.L., Pioneer Fishing Pt Ltd., Aker BioMarine Antarctic AS, The Scouler Company, and Others

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Global Fish Meal Market?

Rising Adoption of Fish Meal Due to its Nutritional Contents to Thrive the Market Growth – The Global Fish Meal Market has been experiencing considerable adoption as fish meal contains high quality & quantities of nutrition such as proteins, minerals, fatty acids, etc. It is a valuable source of protein derived from fish processing and also acts as a typical constituent in aquaculture, agriculture, and majorly in animal feed. The usage of this meal, soil fertility & crop yields can be improved due to its phosphorous & high nitrogen content, thus contributing to the overall market growth.

Moreover, to meet the increasing demand for seafood products for the rising population in the world, the aquaculture industry needs fish meals as a good solution as they contain numerous nutrients.  In addition, the environmentally friendly trait of fish meals further aids the consumer’s preferences for sustainable & organic solutions for agriculture strategies. Thus, such aspects of the fish meals to drive the overall market during the forecast period.

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What segments define the Global Fish Meal Market from 2024 to 2029? How do these segments contribute to market dynamics and growth?

By Nature

• • Organic- Market Size & Forecast 2018-2028F, USD Million
  • Conventional- Market Size & Forecast 2018-2028F, USD Million

By Source

• • Salmon & Trout- Market Size & Forecast 2018-2028F, USD Million
  • Marine Fish- Market Size & Forecast 2018-2028F, USD Million
  • Crustaceans- Market Size & Forecast 2018-2028F, USD Million
  • Tilapia- Market Size & Forecast 2018-2028F, USD Million
  • Others (Catfish, Tuna, Cyprinids, etc.)- Market Size & Forecast 2018-2028F, USD Million

According to report, Crustaceans hold the largest share of the Global Fish Meal Market due to their ample availability & high nutritional value.

By Application

• • Animal Feed- Market Size & Forecast 2018-2028F, USD Million
  • Aqua Feed- Market Size & Forecast 2018-2028F, USD Million
  • Poultry- Market Size & Forecast 2018-2028F, USD Million
  • Pharmaceuticals- Market Size & Forecast 2018-2028F, USD Million
  • Others (Dietary Supplements, Fertilizers, etc.)- Market Size & Forecast 2018-2028F, USD Million

By End User

• • Aquaculture- Market Size & Forecast 2018-2028F, USD Million
    • Salmon & Trout- Market Size & Forecast 2018-2028F, USD Million
    • Marine Fish- Market Size & Forecast 2018-2028F, USD Million
    • Others (Crustaceans, Cyprinids, etc.)- Market Size & Forecast 2018-2028F, USD Million
  • Poultry- Market Size & Forecast 2018-2028F, USD Million
  • Swine- Market Size & Forecast 2018-2028F, USD Million
  • Others (Exotic meats, small ruminants, etc.)- Market Size & Forecast 2018-2028F, USD Million

According to report, With possession of potential share, Aquaculture is a rapidly growing industry worldwide that is anticipated to dominate the Fish Meal Market due to the high adoption of this product.

Explore the Complete Global Fish Meal Market Analysis Report – https://www.marknteladvisors.com/research-library/fish-meal-market.html

Geographical Analysis: Global Fish Meal Market

 By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

  Global Fish Meal Market Recent Development:

• March 2022: Pelagia acquired all the shares of Norsk Fiskeindustri Invest AS (NFI). NFI, in turn, held a 51.05% ownership stake in Karmsund Protein AS, a company engaged in the production of fish meal & fish oil.
• March 2022: Scoular, a leading global trader in fishmeal and fish oil with a wide range of offerings, recently inaugurated a new fishmeal plant in Myanmar. This facility serves as a central hub for delivering top-notch, uniform products to Asian feed markets with a strong emphasis on just-in-time shipments.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Global Fish Meal Market?
• How is the Global Fish Meal Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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