Fishmeal Market by Application and Geography - Forecast and Analysis 2022-2026

Published: Jan 2022

Pages: 120

SKU: IRTNTR71963

Snapshot

The fishmeal market share is expected to increase by USD 1.98 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.11%.

This fishmeal market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers fishmeal market segmentation by application (animal feed, agriculture, and pharmaceuticals) and geography (North America, APAC, Europe, South America, and MEA). The fishmeal market report also offers information on several market vendors, including Austral Group S.A.A., Corpesca SA, Corporacion Exalmar SA, CorporaciOn Pesquera Inca SAC Av., Diamond Aqua Fishes Meal, FF SKAGEN AS, Hayduk, Omega Protein Corp., Tasa, and TripleNine among others.

What will the Fishmeal Market Size be During the Forecast Period?

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Fishmeal Market: Key Drivers, Trends, and Challenges

The increasing consumption of meat and poultry is notably driving the fishmeal market growth, although factors such as increasing stringency of regulations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the fishmeal industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Fishmeal Market Driver

The increasing consumption of meat and poultry is expected to be one of the key factors for driving the fishmeal market size growth. The weight, flesh quality, and nutritional value of the meat sourced from livestock, aquaculture species, and poultry can be enhanced by providing them with feeds fortified with proper food supplements and nutrients. Consumers are increasingly demanding meat and poultry products, which can be attributed to their need for protein-rich food sources. Also, the growing population and increase in per capita income will enable consumers to afford meat products. Thus, the growing demand for meat and poultry is expected to drive the growth of the market during the forecast period.

Key Fishmeal Market Trend

The growing aquaculture production and consumption worldwide is another factor supporting the fishmeal market size growth. The growing demand for and popularity of aquaculture products in various parts of the world have encouraged farmers and cultivators to increase aquaculture production. Therefore, to obtain healthier aquaculture produce, it becomes imperative for farmers and producers to use high-quality feed. This is a major factor influencing the positive growth of the global fishmeal market. Furthermore, the cultivation of carp, tilapias, salmons, and others has been on the rise worldwide, which is an encouraging sign for the growth of the global fishmeal market. such factors are expected to drive market growth during the forecast period.

Key Fishmeal Market Challenge

The increasing stringency of regulations is one of the key drivers hampering the fishmeal market growth. Manufacturers are required to follow implemented regional environmental health and safety regulations to avoid consequences. Some regulations include specific technical restrictions such as product testing, certification, and shipment inspection requirements, and regulatory frameworks are constantly being updated and expanded. Moreover, manufacturers need to be aware so that their products do not violate the rules that are specific to a country. These regulations aim at optimal effectiveness without a risk of toxicity to the animal, the environment, and to the people handling the fishmeal animal feed. Such stringency of regulations may impede market growth during the forecast period.

This fishmeal market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the fishmeal market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the fishmeal market during the forecast period.

Who are the Major Fishmeal Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the fishmeal market encompasses successful business strategies deployed by the key vendors. The fishmeal market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

Austral Group S.A.A. - The company offers fishmeal that extracts, process, and commercialize the fishery products which carries out operation in a sustainable management model focused on continuous improvement, eco-efficiency, and innovation, under the brand name of Austral Group S.A.A.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The fishmeal market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Fishmeal Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the fishmeal market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the packaged foods and meats market includes the following core components:

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Fishmeal Market?

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36% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for the fishmeal market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Another key region offering significant growth opportunities to the vendors is North America. The market is witnessing a rise in meat consumption, which will facilitate the fishmeal market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 spread across North America, especially in the US, and had an adverse impact on manufacturing operations in the region in 2020. It also led to the imposition of lockdowns in several countries, including the US, Canada, and Mexico. However, a few factors are further expected to boost the growth of the regional fishmeal market during the forecast period.

What are the Revenue-generating Application Segments in the Fishmeal Market?

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The fishmeal market share growth by the animal feed segment will be significant during the forecast period. Fishmeal is a good source of protein, fatty acids, lipids, calcium, phosphorous, and other minerals. It is good for aquaculture feeds. High-quality fishmeal consists of 62%-70% crude protein by weight. It acts as a major protein supplement for farm animals, which helps their growth, particularly fish and shrimps. Fishmeal is also extensively used as fish feed for species such as trout and salmon. The growth of the global fishmeal market in the animal feed segment is driven by the extensive use of fishmeals in pig and poultry farms.

This report provides an accurate prediction of the contribution of all the segments to the growth of the fishmeal market size and actionable market insights on post COVID-19 impact on each segment.

Fishmeal Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.11%
Market growth 2022-2026	$ 1.98 billion
Market structure	Fragmented
YoY growth (%)	4.43
Regional analysis	North America, APAC, Europe, South America, and MEA
Performing market contribution	APAC at 36%
Key consumer countries	US, China, Germany, UK, and India
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Austral Group S.A.A., Corpesca SA, Corporacion Exalmar SA, CorporaciOn Pesquera Inca SAC Av., Diamond Aqua Fishes Meal, FF SKAGEN AS, Hayduk, Omega Protein Corp., Tasa, and TripleNine
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Fishmeal Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive fishmeal market growth during the next five years
Precise estimation of the fishmeal market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the fishmeal industry across North America, APAC, Europe, South America, and MEA
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of fishmeal market vendors

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Table of Contents

***1. Executive Summary

***2. Market Landscape

**2.1 Market ecosystem

*2.1.1 Parent market

*Exhibit 01: Parent market

*Exhibit 02: Market characteristics

**2.2 Value chain analysis

*Exhibit 03: Value chain analysis: Packaged Foods and Meats Market

*2.2.1 Inputs

*2.2.2 Inbound logistics

*2.2.3 Primary processing

*2.2.4 Secondary and tertiary processing

*2.2.5 Outbound logistics

*2.2.6 End-customers

*2.2.7 Marketing and sales

*2.2.8 Services

*2.2.9 Innovations

***3. Market Sizing

**3.1 Market definition

*Exhibit 04: Offerings of vendors included in the market definition

**3.2 Market segment analysis

*Exhibit 05: Market segments

**3.3 Market size 2021

**3.4 Market outlook: Forecast for 2021 - 2026

*3.4.1 Estimating growth rates for emerging and high-growth markets

*3.4.2 Estimating growth rates for mature markets

*Exhibit 06: Global - Market size and forecast 2021 - 2026 ($ million)

*Exhibit 07: Global market: Year-over-year growth 2021 - 2026 (%)

***4. Five Forces Analysis

**4.1 Five Forces Summary

*Exhibit 08: Five forces analysis 2021 & 2026

**4.2 Bargaining power of buyers

*Exhibit 09: Bargaining power of buyers

**4.3 Bargaining power of suppliers

*Exhibit 10: Bargaining power of suppliers

**4.4 Threat of new entrants

*Exhibit 11: Threat of new entrants

**4.5 Threat of substitutes

*Exhibit 12: Threat of substitutes

**4.6 Threat of rivalry

*Exhibit 13: Threat of rivalry

**4.7 Market condition

*Exhibit 14: Market condition - Five forces 2021

***5. Market Segmentation by Application

**5.1 Market segments

*The segments covered in this chapter are:

*Animal feed
*Agriculture
*Pharmaceuticals

*Exhibit 15: Application - Market share 2020-2025 (%)

**5.2 Comparison by Application

*Exhibit 16: Comparison by Application

**5.3 Animal feed - Market size and forecast 2021-2026

*Exhibit 17: Animal feed - Market size and forecast 2021-2026 ($ million)

*Exhibit 18: Animal feed - Year-over-year growth 2021-2026 (%)

**5.4 Agriculture - Market size and forecast 2021-2026

*Exhibit 19: Agriculture - Market size and forecast 2021-2026 ($ million)

*Exhibit 20: Agriculture - Year-over-year growth 2021-2026 (%)

**5.5 Pharmaceuticals - Market size and forecast 2021-2026

*Exhibit 21: Pharmaceuticals - Market size and forecast 2021-2026 ($ million)

*Exhibit 22: Pharmaceuticals - Year-over-year growth 2021-2026 (%)

**5.6 Market opportunity by Application

*Exhibit 23: Market opportunity by Application

***6. Customer landscape

*Exhibit 24: Customer landscape

***7. Geographic Landscape

**7.1 Geographic segmentation

*The regions covered in the report are:

*North America
*APAC
*Europe
*South America
*MEA

*Exhibit 25: Market share by geography 2021-2026 (%)

**7.2 Geographic comparison

*Exhibit 26: Geographic comparison

**7.3 North America - Market size and forecast 2021-2026

*Exhibit 27: North America - Market size and forecast 2021-2026 ($ million)

*Exhibit 28: North America - Year-over-year growth 2021-2026 (%)

**7.4 APAC - Market size and forecast 2021-2026

*Exhibit 29: APAC - Market size and forecast 2021-2026 ($ million)

*Exhibit 30: APAC - Year-over-year growth 2021-2026 (%)

**7.5 Europe - Market size and forecast 2021-2026

*Exhibit 31: Europe - Market size and forecast 2021-2026 ($ million)

*Exhibit 32: Europe - Year-over-year growth 2021-2026 (%)

**7.6 South America - Market size and forecast 2021-2026

*Exhibit 33: South America - Market size and forecast 2021-2026 ($ million)

*Exhibit 34: South America - Year-over-year growth 2021-2026 (%)

**7.7 MEA - Market size and forecast 2021-2026

*Exhibit 35: MEA - Market size and forecast 2021-2026 ($ million)

*Exhibit 36: MEA - Year-over-year growth 2021-2026 (%)

**7.8 Key leading countries

*Exhibit 37: Key leading countries

**7.9 Market opportunity by geography

*Exhibit 38: Market opportunity by geography ($ million)

***8. Drivers, Challenges, and Trends

**8.1 Market drivers

*8.1.1 Increasing consumption of meat and poultry

*8.1.2 Growing demand for low-cost high protein animal feed

*8.1.3 High performance of fishmeal in aquaculture

**8.2 Market challenges

*8.2.1 Increasing stringency of regulations

*8.2.2 Availability of alternative feed additive

*8.2.3 Microbial contamination in aquafeed

*Exhibit 39: Impact of drivers and challenges

**8.3 Market trends

*8.3.1 Growing aquaculture production and consumption worldwide

*8.3.2 Rising number of mergers, acquisitions, and collaborative partnerships

*8.3.3 Increasing frequency of new product launches

***9. Vendor Landscape

**9.1 Landscape disruption

*Exhibit 41: Landscape disruption

*Exhibit 42: Industry risks

***10. Vendor Analysis

**10.1 Vendors covered

*Exhibit 43: Vendors covered

**10.2 Market positioning of vendors

*Exhibit 44: Market positioning of vendors

**10.3 Austral Group S.A.A.

*Exhibit 45: Austral Group S.A.A. - Overview

*Exhibit 46: Austral Group S.A.A. - Product and service

*Exhibit 47: Austral Group S.A.A. - Key offerings

**10.4 Corpesca SA

*Exhibit 48: Corpesca SA - Overview

*Exhibit 49: Corpesca SA - Product and service

*Exhibit 50: Corpesca SA - Key offerings

**10.5 Corporacion Exalmar SA

*Exhibit 51: Corporacion Exalmar SA - Overview

*Exhibit 52: Corporacion Exalmar SA - Product and service

*Exhibit 53: Corporacion Exalmar SA - Key offerings

**10.6 CorporaciOn Pesquera Inca SAC Av.

*Exhibit 54: CorporaciOn Pesquera Inca SAC Av. - Overview

*Exhibit 55: CorporaciOn Pesquera Inca SAC Av. - Product and service

*Exhibit 56: CorporaciOn Pesquera Inca SAC Av. - Key offerings

**10.7 Diamond Aqua Fishes Meal

*Exhibit 57: Diamond Aqua Fishes Meal - Overview

*Exhibit 58: Diamond Aqua Fishes Meal - Product and service

*Exhibit 59: Diamond Aqua Fishes Meal - Key offerings

**10.8 FF SKAGEN AS

*Exhibit 60: FF SKAGEN AS - Overview

*Exhibit 61: FF SKAGEN AS - Business segments

*Exhibit 62: FF SKAGEN AS - Key offerings

**10.9 Hayduk

*Exhibit 63: Hayduk - Overview

*Exhibit 64: Hayduk - Product and service

*Exhibit 65: Hayduk - Key offerings

**10.10 Omega Protein Corp.

*Exhibit 66: Omega Protein Corp. - Overview

*Exhibit 67: Omega Protein Corp. - Business segments

*Exhibit 68: Omega Protein Corp. - Key offerings

*Exhibit 69: Omega Protein Corp. - Segment focus

**10.11 Tasa

*Exhibit 70: Tasa - Overview

*Exhibit 71: Tasa - Product and service

*Exhibit 72: Tasa - Key offerings

**10.12 TripleNine

*Exhibit 73: TripleNine - Overview

*Exhibit 74: TripleNine - Product and service

*Exhibit 75: TripleNine - Key offerings

***11. Appendix

**11.1 Scope of the report

*11.1.1 ????Market definition

*11.1.2 Objective

*11.1.3 Notes and caveats

**11.2 Currency conversion rates for US$

*Exhibit 76: Currency conversion rates for US$

**11.3 Research Methodology

*Exhibit 77: Research Methodology

*Exhibit 78: Validation techniques employed for market sizing

*Exhibit 79: Information sources

**11.4 List of abbreviations

*Exhibit 80: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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