United States Fishmeal and Fishoil Market was valued at USD 1.8 Billion in 2022 and is projected to reach USD 2.6 Billion by 2030, growing at a CAGR of 5.9% from 2024 to 2030.
The US Fishmeal and Fishoil Market plays a pivotal role in several industries, including agriculture, animal feed production, and aquaculture. As the global demand for protein continues to rise, the requirement for fishmeal and fish oil has seen a significant surge. The demand for high-protein feed ingredients, coupled with the need for sustainable and high-quality ingredients, has propelled this market to new heights. This article explores the types of fishmeal and fish oil, and their increasing necessity in various sectors.
Fishmeal and fish oil are derived primarily from fish such as anchovies, menhaden, and other small pelagic fish. Fishmeal is a rich source of protein and is commonly used in livestock and aquaculture feed. Fish oil, on the other hand, is valued for its high content of omega-3 fatty acids, making it a key ingredient in both animal feed and human nutrition. These products are essential in promoting healthy growth and disease resistance in farmed fish and livestock.
In the US, the demand for fishmeal is driven largely by the growth of the aquaculture industry. With the global appetite for seafood expanding, aquaculture has become one of the fastest-growing segments in the fishmeal and fish oil market. Moreover, livestock producers are increasingly turning to fishmeal as a protein source in poultry and swine diets due to its amino acid profile, which enhances growth and feed conversion ratios.
Fish oil's primary application is in the nutrition of farmed fish, as it is crucial in boosting omega-3 fatty acid levels in their diets. Omega-3s are critical for human health, particularly in the prevention of heart diseases, which has led to greater demand for omega-3-rich fish oils for use in functional foods and dietary supplements. Additionally, the growing trend of using fish oil in pet food has expanded the market’s reach.
The increasing demand for sustainable and responsibly sourced fishmeal and fish oil has led to a rise in certification programs like the Marine Stewardship Council (MSC), which ensures that these ingredients are sourced from fisheries that operate under sustainable practices. With environmental concerns rising, industries are also focusing on developing alternative protein sources to reduce dependence on wild-caught fish.
As the Fishmeal and Fishoil Market continues to evolve, it is clear that these products are indispensable in meeting the needs of various industries. The growing requirement for high-quality, sustainable ingredients will shape the future of this market, making it a critical sector in both global food production and nutrition.
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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
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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 US 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
US (United States, US 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)
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1. Introduction of the US 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. US Fishmeal and Fishoil Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Fishmeal and Fishoil Market, By Type
6. US Fishmeal and Fishoil Market, By Application
7. US Fishmeal and Fishoil Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Fishmeal and Fishoil Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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