Steam Dried Fishmeal Market was valued at USD 2.15 Billion in 2022 and is projected to reach USD 3.59 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The Steam Dried Fishmeal Market is a crucial segment in the animal feed industry, providing essential nutrients for various applications. Fishmeal, derived from fish and other aquatic organisms, is an important source of protein, lipids, and other nutrients that support the growth and development of farmed animals. The steam drying process helps retain the nutritional integrity of the fishmeal while enhancing its digestibility. This market plays a significant role in sectors like aquaculture, livestock farming, and pet food production. Due to its high nutritional value, the demand for steam dried fishmeal is witnessing significant growth in diverse agricultural and livestock sectors.
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The Steam Dried Fishmeal Market is segmented based on its application across various industries. The primary applications of fishmeal are in Aquaculture Feed, Poultry Feed, Pig Feed, Ruminant Feed, Pet Food, and Other subsegments. Each of these applications contributes significantly to the market's expansion, with growing demand driven by the global rise in animal protein consumption and the increasing need for high-quality feed ingredients to support healthy livestock and aquaculture systems.
Aquaculture Feed
Aquaculture feed is the largest and fastest-growing segment within the steam dried fishmeal market. This sector is driven by the increasing global demand for seafood, which has led to an expansion of aquaculture farming. Fishmeal provides essential protein and omega-3 fatty acids, promoting optimal growth and development in fish, shrimp, and other aquatic species. The use of high-quality steam dried fishmeal in aquaculture feed enhances the overall health and productivity of farmed aquatic species, resulting in improved yields and profitability for aquaculture producers.
Poultry Feed
Poultry feed is another significant application of steam dried fishmeal, owing to its high nutritional content. Fishmeal is rich in amino acids, which are essential for poultry growth and egg production. The poultry sector benefits from the inclusion of steam dried fishmeal as it supports the overall health, immune system, and growth rates of chickens, turkeys, and other poultry species. As the global poultry industry continues to grow, the demand for fishmeal in poultry feed is also expected to rise, driven by the need for efficient feed formulations that improve productivity and profitability.
Pig Feed
Pig feed is another important segment within the steam dried fishmeal market. Fishmeal is an excellent source of protein, essential fatty acids, and minerals that contribute to the healthy growth and development of pigs. The inclusion of fishmeal in pig feed enhances the digestibility and palatability of the feed, leading to improved feed conversion rates and overall production efficiency. With the growing global demand for pork, especially in developing regions, the pig feed segment is expected to experience sustained growth, driving the demand for steam dried fishmeal as a key ingredient in swine nutrition.
Ruminant Feed
The ruminant feed segment in the steam dried fishmeal market is focused on feeding animals such as cattle, sheep, and goats. Fishmeal provides high-quality protein and essential nutrients that support the growth, milk production, and overall health of ruminants. The nutritional benefits of steam dried fishmeal, including its high digestibility and amino acid profile, make it a valuable addition to ruminant diets, particularly in regions where high-protein alternatives are needed. As demand for dairy and meat products from ruminants continues to grow, the use of fishmeal in ruminant feed is expected to increase significantly.
Pet Food
Fishmeal is widely used in the production of premium pet food products due to its high nutritional value. Rich in proteins, essential fatty acids, and vitamins, steam dried fishmeal contributes to the health and well-being of pets, supporting muscle growth, coat condition, and immune system function. Pet owners are increasingly seeking high-quality and nutritionally balanced food for their pets, contributing to the growing demand for fishmeal in the pet food industry. As the pet food market continues to expand, the use of fishmeal as a key ingredient in pet food formulations is likely to rise.
Other
In addition to the primary applications of aquaculture feed, poultry feed, pig feed, ruminant feed, and pet food, steam dried fishmeal also has other niche applications in the market. These include the use of fishmeal in fertilizer production, as a supplement in animal breeding programs, and in specific regional animal husbandry practices. Although this segment is smaller compared to the others, it plays a significant role in ensuring the efficient use of fishmeal by-products and expanding the market’s reach across various agricultural and industrial sectors.
Key Trends in the Market
One of the key trends in the steam dried fishmeal market is the increasing demand for sustainable and eco-friendly feed solutions. As the aquaculture and livestock industries strive to reduce their environmental footprint, the adoption of sustainable sourcing practices for fishmeal production is gaining momentum. There is also a growing focus on improving the nutritional profile of fishmeal to meet the evolving needs of modern farming. Another trend is the rising popularity of alternative protein sources, which are being explored to supplement or replace traditional fishmeal in animal feed formulations.
Opportunities in the Market
The steam dried fishmeal market presents several opportunities for growth, particularly in emerging markets where the demand for animal protein is increasing. The expansion of aquaculture in regions such as Asia and Africa offers significant opportunities for fishmeal suppliers. Additionally, advancements in fishmeal production technology, including more efficient drying processes and improved sustainability practices, are expected to enhance the market's overall competitiveness. As global consumption of animal-based products continues to rise, there will be an ongoing demand for high-quality fishmeal to support the growth of the livestock and aquaculture industries.
Frequently Asked Questions
What is steam dried fishmeal used for?
Steam dried fishmeal is used primarily as a high-protein feed ingredient for aquaculture, poultry, pigs, ruminants, and pet food.
What are the benefits of using steam dried fishmeal in animal feed?
It provides essential proteins, amino acids, and omega-3 fatty acids, promoting healthy growth and development in animals.
Is steam dried fishmeal sustainable?
Yes, there is a growing emphasis on sustainable sourcing practices and eco-friendly production methods to ensure its environmental impact is minimized.
How does steam drying fishmeal enhance its nutritional value?
The steam drying process helps preserve the nutritional integrity of fishmeal, making it more digestible and retaining essential nutrients.
What is the demand for fishmeal in aquaculture?
The demand for fishmeal in aquaculture is rising due to the global increase in seafood consumption and the need for efficient feed solutions in fish farming.
How does fishmeal benefit poultry nutrition?
Fishmeal improves protein intake, enhances egg production, and supports overall poultry health and immune function.
Can fishmeal replace other protein sources in animal feed?
Fishmeal is an excellent source of high-quality protein, but alternative protein sources are also being explored to diversify feed formulations.
What are the key drivers of the fishmeal market?
The growing demand for animal protein, particularly in emerging markets, and the expansion of aquaculture are key drivers of the fishmeal market.
Is the use of fishmeal in pet food growing?
Yes, the demand for high-quality pet food has increased, leading to a rise in the use of fishmeal as a primary ingredient in pet food formulations.
What are the challenges in the fishmeal market?
Challenges include the need for sustainable sourcing, fluctuating fish availability, and competition with alternative feed ingredients.
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Archer Daniels Midland
Bluestar Adisseo
Cargill
TASA
Diamante
Austevoll Seafood ASA
Cop Inc
Corpesca SA
Omega Protein
Coomarpes
Archer Daniels Midland
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 Global Steam Dried Fishmeal Market
Aquaculture Feed
Poultry Feed
Pig Feed
Ruminant Feed
Pet Food
Other
Based on Types the Market is categorized into Below types that held the largest Steam Dried Fishmeal market share In 2023.
Defatted Fish Meal
Semi-skimmed Fish Meal
Whole Fish Meal
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
1. Introduction of the Global Steam Dried 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. Global Steam Dried Fishmeal Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Steam Dried Fishmeal Market, By Type
6. Global Steam Dried Fishmeal Market, By Application
7. Global Steam Dried Fishmeal Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Steam Dried Fishmeal Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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