Japan Fishmeal Market was valued at USD 0.86 Billion in 2022 and is projected to reach USD 1.40 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The fishmeal market in Japan has witnessed significant growth in recent years due to the rising demand for high-protein feed for various industries. Fishmeal, a byproduct of fish processing, is utilized primarily in animal feed, particularly for aquaculture and livestock. In Japan, the demand for fishmeal is driven by both domestic consumption and exports, making it a crucial component in the country's seafood processing and agricultural industries.
Japan’s fishmeal market can be categorized into two primary types: conventional fishmeal and high-quality fishmeal. Conventional fishmeal is made from a mix of fish species, while high-quality fishmeal is produced from specific, higher-value fish species, such as anchovies and sardines. The latter is used for premium feed formulations, particularly in aquaculture, where fish such as salmon and tuna require specialized diets to ensure their optimal growth and health.
The requirements for fishmeal in Japan are closely tied to the needs of various industries. Aquaculture remains the largest consumer of fishmeal, followed by the poultry and pig farming sectors. In aquaculture, fishmeal serves as a high-quality protein source, critical for the development of marine species in controlled environments. As Japan continues to expand its aquaculture operations, the demand for fishmeal is expected to increase. Moreover, the livestock industry, particularly poultry farming, also drives demand due to the high protein content required for animal feed formulations.
Industries in Japan place a premium on the quality and sustainability of fishmeal. There is a growing trend towards sourcing fishmeal from sustainable fisheries, with an emphasis on reducing overfishing and protecting marine ecosystems. This shift in demand has led to innovations in fishmeal production, with a focus on improving processing techniques and exploring alternative raw materials to reduce the environmental impact.
The Japan fishmeal market is also influenced by international trade, as the country imports a significant portion of its fishmeal. Changes in global fishmeal prices, particularly in regions like South America, affect local pricing and availability. As a result, industries in Japan must remain adaptable to shifts in the global market, which can directly impact their supply chain and production costs.
In summary, the fishmeal market in Japan is experiencing steady growth driven by aquaculture, livestock farming, and increasing demand for high-quality feed. The market is expected to evolve with a focus on sustainability, innovation, and international trade dynamics, making it a vital sector within Japan’s broader agricultural and seafood industries.
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TASA
Diamante
Austevoll Seafood ASA
COP Inc
Corpesca SA
Omega Protein
Coomarpes
KT Group
Cermaq
FF Skagen
Austral
Kodiak Fishmeal
Havsbrun
Hayduk
Exalmar
Strel Nikova
Nissui
Iceland Pelagic
Daybrook
Rongcheng Blue Ocean Marine Bio
Hisheng Feeds
Chishan Group
Dalian Longyuan Fishmeal
Fengyu Halobios
Hainan Fish oil&fish meal
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Fishmeal Market
Wild-caught Fishmeal
Aquaculture-based Fishmeal
product Fishmeal
Aquaculture Feed
Poultry Feed
Swine Feed
Pet Food
Other Animal Feeds
Powdered Fishmeal
Pelleted Fishmeal
High Protein Fishmeal (60% and above)
Medium Protein Fishmeal (50%–60%)
Low Protein Fishmeal (Below 50%)
Agriculture
Animal Feed Industry
Pet Food Industry
Others
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Fishmeal Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Fishmeal Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Fishmeal Market, By Type
6. Japan Fishmeal Market, By Application
7. Japan Fishmeal Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Fishmeal Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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