Europe Fishmeal and Fishoil Market was valued at USD 3.4 Billion in 2022 and is projected to reach USD 5.0 Billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030.
The Fishmeal and Fishoil market in Europe has been experiencing steady growth, driven by rising demand across various industries. Fishmeal and fish oil, derived from fish and other marine life, serve as essential ingredients in animal feed, aquaculture, and even as dietary supplements. Understanding the market trends and the diverse industrial needs is critical for stakeholders in the region.
Fishmeal, a high-protein product made from fish, plays a crucial role in the livestock feed industry, particularly in the poultry, swine, and aquaculture sectors. Fish oil, rich in omega-3 fatty acids, is primarily used as a supplement in animal feed and is also valued in the cosmetics and pharmaceutical industries. These products' demand is propelled by the increasing global need for high-quality protein sources in food production and the growing focus on sustainable, nutritious ingredients for animal and human consumption.
In recent years, Europe has seen an increase in the adoption of fishmeal and fish oil, particularly from the aquaculture industry, which seeks to meet the growing global appetite for fish. This surge in demand also ties to the rising awareness of the health benefits of omega-3 fatty acids found in fish oil, driving its requirement in both the food and supplement sectors. Furthermore, the increasing demand for sustainable fish-based ingredients has led to innovations in production and more efficient use of marine resources.
The fishmeal and fish oil market faces challenges, such as fluctuating raw material availability and regulatory pressures related to environmental sustainability. Yet, the market continues to evolve, with emerging industries like pet food and pharmaceuticals exploring new applications for these marine-based products.
As industries increasingly recognize the value of these products, the Fishmeal and Fishoil market in Europe is set for further expansion, offering growth opportunities for producers and suppliers. The market's evolution reflects a growing emphasis on sustainability and the ongoing demand for high-quality, nutrient-rich ingredients.
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Royal DSM
FF Skagen
Sursan A.S.
BASF SE
GC Rieber Oils
Croda International PLC
The Scoular Company
Omega Protein Corporation
Oceana Group Limited
Pelagia
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 Europe Fishmeal and Fishoil Market
Aquaculture Feed
Pet Food
Animal Feed
Human Nutrition
Cosmetics
Pharmaceuticals
Fishmeal
Fish Oil
Wild Caught Fish
Farmed Fish
Aquaculture
Livestock Feed
Food Processing
Pharmaceutical Industry
Cosmetics and Personal Care
Dry
Liquid
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
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1. Introduction of the Europe Fishmeal and Fishoil 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. Europe Fishmeal and Fishoil Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Fishmeal and Fishoil Market, By Type
6. Europe Fishmeal and Fishoil Market, By Application
7. Europe Fishmeal and Fishoil Market, By Geography
Europe
Germany
UK
France
8. Europe Fishmeal and Fishoil Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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