Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=52416251
Fishmeal account for the largest market share in the fishmeal & fish oil market
Based on type, fishmeal account for the dominant share in the fishmeal & fish oil market. Fishmeal finds extensive applications in livestock feed and are considered among the most health-oriented feed ingredients that are associated with a range of health benefits with regards to cognitive health, skin and coat health, immunity, and joint health. The rising awareness with regards to health and nutrition of livestock animals is likely to drive growth of fishmeal over the forecasted period.
Salmon & trout account for the largest market share in the fishmeal & fish oil market
Based on source, salmon & trout products account for the dominant share in the fishmeal & fish oil market. Fishmeal & fish oil are the major component in salmonoid feed formulation, and they find extensive applications in salmon & trout feeds owing to their rich and desirable health benefits which enriches their feed efficiency, which will continue to contribute to the growth and demand of fishmeal & fish oil over the forecasted period.
The aquatic animals segment is projected to account for the largest market share in the fishmeal & fish oil market
Based on livestock application, the aquatic animals segment is likely to dominate over the forecasted period. The increased application of fishmeal & fish oil in aquatic animals feed has grown in recent years, owing to their positive perception and significant number of health benefits, which are associated with them. The rise in growth of aquaculture industry and increased productivity has contributed to the rising demand for high quality and premium fishmeal & fish oil, which is also likely to continue to present significant business opportunities for the fishmeal & fish oil industry over the forecasted period.
The aquaculture segment is projected to retain its position as the dominant segment in the fishmeal & fish oil market during the forecast period
Based on industrial application, aquaculture segment is likely to account for the dominant segment over the forecasted period owing to their rapid growth and increased productivity. The application of fishmeal & fish oil in aquaculture feed significantly enhances feed efficiency, nutrient uptake, digestion and absorption due to which they have been in significant demand over the recent years. With the growing aquaculture industry, especially in Asia Pacific region, the fishmeal & fish oil industry is likely to witness significant growth opportunities over the forecasted period.
Europe is projected to be the second largest market for the fishmeal & fish oil market during the forecast period
Based on region, Europe region is projected to be the second largest market for fishmeal & fish oil industry during the forecast period. This growth of the fishmeal & fish oil industry in the region is supported by factors such as increased adoption of pet animals in the region and the rising pet humanization trend which has contributed to a higher level of awareness regarding the health and nutrition of pet animals. The region is also witnessing a significant growth in aquaculture and pharmaceutical industries, which are significant markets for fishmeal & fish oil, which will also continue to offer significant growth opportunities for fishmeal & fish oil over the forecasted period.
This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as FKS Multi Agro (Indonesia), Mukka Proteins Limited (India), Arbee (India), Sandakan Fishmeal Sdn Bhd (Malaysia), Wudi Deda Agriculture Co., Ltd. (China), Raj Fishmeal and Oil Company (India), Asia Fish Oil Corporation (Vietnam), Dai Dai Thanh Seafoods (Vietnam), Pattani Fish Meal (1988) Co., Ltd. (Thailand) and Austevoll Seafood ASA (Norway).
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarketss flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441