Growing Fishmeal Use in Animal Feed and Pet Food Supplements Market Growth – Fact.MR Study

The unprecedented COVID-19 pandemic has had a major impact on the global economy. Considering one of the most important sectors of the economy, the food industry, it has a huge impact on the entire process, from the field to the consumer. Restrictions on movement of workers, closures of food production facilities and changing consumer demand are putting undue pressure on the food industry.

This report provides actionable and valuable market insights for Fish Meal. The latest report from Fact.MR provides details on the current market scenario in various regions along with historical data and forecasts of the market. The report also includes information on sales and demand for the Fish Meal Market across various industries and regions.

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According to the latest industry analysis of the global fishmeal market published by Fact.MR, the industry is currently valued at $ 4.73 billion and is projected  to  witness  significant growth at a CAGR of  6.3%  . 2031. In the next few years, the demand for organic fishmeal is expected to grow faster than in its conventional form.

Market research conducted by Fact.MR provides exclusive information on how the market will grow. The study identifies important trends determining the growth of the fishmeal market. This newly published report sheds light on important dynamics such as drivers, restraints and opportunities for key market players and emerging players involved in production and supply. Fact.MR’s Latest Report Offers Detailed Market Analysis of Fish Meal

This newly published and insightful report provides fishmeal market insights, key dynamics, impact on the entire value chain from suppliers to end users, and information on fishmeal market growth .

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Market Segments Covered in Fish Meal Industry Research

  • by nature
    • organic fish meal
    • common fish meal
  • by application
    • fish meal for animal feed
    • fish meal for aqua feed
    • fish meal for poultry
    • Pharmaceutical Fish Meal
    • Fish Meal for Dietary Supplements
    • Fish Meal for Fertilizer
  • By product type
    • shellfish
      • crab
      • Lobster
      • crayfish
      • shrimp
      • shrimp
      • krill
      • Woodless
      • barnacle
    • cyprinid
      • tuna
      • tilapia
      • swordfish
      • salmon
      • milk fish
      • catfish
      • trout
      • sea ​​fish
      • eel
      • mollusk

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Key Implications of Market Research

  • The US is estimated to account for more than 87% of the North American market share in 2021, driven by rising seafood consumption.
  • According to Fact.MR analysis, China is estimated to account for nearly 43% of the East Asian market share in 2021, driven by growing demand from the aquatic feed and animal feed industries.
  • Germany is one of the prominent markets in Europe with a market share of 23.8% in 2021, driven by growing demand from the dietary supplement industry.
  • Aqua feed currently occupies about 37.7% of the market thanks to its high nutritional benefits and increased consumer awareness.
  • Crustaceans reflect a market share of around 20.5% due to high demand from the pharmaceutical industry.

“The major manufacturers of fishmeal are focusing on research and development to improve overall product quality. Moreover, manufacturing expansion, mergers and acquisitions, and partnerships will be important strategies for increasing sales over the next few years,” said Senior Analyst at Fact.MR.

Growing demand for proteins, unsaturated fats and essential nutrients driving market growth

As interest grows in protein, polyunsaturated fats such as omega-3 polyunsaturated fats, and various supplements over the next few years, items derived from marine findings may serve as a preferred source of protein and omega-3. Moreover, marine adverse events are important for countries that are financially immature, requiring economic sources of bioproteins available to humans to address ailing health.

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Key Questions in the Survey on Fish Meal Market Report:

  • Fishmeal Sales and Demand
  • Growth of the fishmeal market
  • Fish Meal Market Analysis
  • Fish Meal Market Insights
  • Key drivers influencing the fishmeal market
  • What are the key drivers impacted by the Fish Meal Market?
  • limit market growth
  • Fish Meal Market Research

A more valuable insight into the fishmeal market

Fact.MR provides an unbiased market analysis of fishmeal, sales and demand for fishmeal in a new report, analyzing forecast statistics for 2019 and beyond. The study presents growth prospects based on various criteria.

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