About Fish Powder
Fish Powder is a business product principally made up of fish that aren't used for human consumption; fishmeal is mostly wont to feed farm {animals/livestock/domestic animals/cattle/sheep} in an agricultural setting. as a result of its calorically dense and low-cost to provide, fishmeal has contended an essential role within the growth of plant farms and the variety of sheep it's doable to breed and feed. It also can be used for human consumption due to its protein content as functional foods.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 6.4% |
The global market for fish powder is fragmented by major players owing to the demand for poultry, fishery, swine, and functional foods for human consumption. The players should focus on reducing the by-product waste created by the processed food and catering to enhanced and added benefits in feed grade in order to increase the poultry, fishery, and swine feed and grabbing the major market share. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Oceana Group Limited (South Africa), Austevoll Seafood ASA (Norway), FMC Corporation (United States), Croda International Plc. (United Kingdom), Omega Protein Corporation (United States), The Scoular Company (United States), Omega Protein Corporation (United States) and GC Rieber Oil (Norway) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Fish Powder market by , Application (Aquaculture Feed, Poultry Feed, Pig Feed, Pet Food and Other) and Region.
On the basis of geography, the market of Fish Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Fish Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Whole Fish will boost the Fish Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Use of Fish Powder in Functional Food for Human Protein Consumption
Market Growth Drivers:
Rapid Growth in Poultry and Aqua Industries Catering to Increasing Meat and Fish Meat Consumption and Growing Product Demand for Livestock Feed due to its Low Price and High Nutritional Value
Challenges:
Limitation in Human Consumption and Processed Food Allergies to Animals and by-product Waste Generation
Restraints:
Stringent Government Regulations Regarding Animal By-product Feed for Species
Opportunities:
Growth in Swine Industry Owing to Increased Demand for Pork Due to Wide Nutritional Content in Fish Powder
Market Leaders and their expansionary development strategies
In 2020, Croda International Plc, the specialty chemical company that uses smart science to create high-performance ingredients and technologies that improve lives, acquires share capital of Fragrance Spanish Topco, S.L.
In January 2022, Cermaq Canada Ltd, a Canada-based salmon cultivating organization took on air circulation innovation provided by Poseidon Ocean Systems. Cermaq Canada has revealed that another air circulation innovation provided by Poseidon Ocean Systems has assisted them with taking out north of 76,000 kg of CO2 discharges from their activities
Key Target Audience
Fish Powder manufacturer, Raw Material Supplier, Animal Feed Manufacturing Companies], Research Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.