South Korea Fishmeal and Fishoil Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.3 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
South Korea's fishmeal and fishoil market plays a pivotal role in supporting the nation's burgeoning aquaculture and livestock sectors. Fishmeal, a high-protein feed ingredient, and fishoil, rich in omega-3 fatty acids, are integral to enhancing the nutritional profile of animal feeds. In South Korea, these products are primarily derived from small pelagic fish species such as anchovies and sardines. The country's commitment to sustainable fishing practices ensures a steady supply of raw materials, aligning with global trends towards eco-friendly sourcing.
The aquaculture industry is the predominant consumer of fishmeal and fishoil in South Korea. These ingredients are essential in the diets of farmed species like salmon, trout, and shrimp, promoting rapid growth and bolstering immune systems. As global aquaculture production is projected to reach 105 million tons by 2029, the demand for high-quality feed ingredients like fishmeal and fishoil is anticipated to rise correspondingly. citeturn0search4
Beyond aquaculture, the livestock sector utilizes fishmeal to enhance the protein content of feeds for poultry and swine. This supplementation leads to improved growth rates and feed efficiency, meeting the increasing consumer demand for animal protein. The pet food industry is also emerging as a significant market for fishoil, incorporating it into formulations to promote healthier skin and coats in pets. The inclusion of fishoil in pet diets aligns with the growing trend of pet humanization, where pet owners seek premium products for their companions. citeturn0search3
The pharmaceutical and nutraceutical industries in South Korea are recognizing the benefits of fishoil, particularly its omega-3 fatty acid content. These industries incorporate fishoil into dietary supplements aimed at improving cardiovascular health, cognitive function, and reducing inflammation. The rising health consciousness among consumers has led to an increased demand for such supplements, thereby driving the fishoil market. citeturn0search3
Sustainability and traceability have become paramount in the fishmeal and fishoil market. South Korean producers are adopting eco-friendly fishing methods and implementing robust traceability systems to ensure product authenticity. This commitment not only preserves marine ecosystems but also enhances consumer trust, catering to the global shift towards sustainable consumption. citeturn0search0
Technological advancements are further shaping the industry. Innovations in processing techniques have improved the yield and quality of fishmeal and fishoil, making them more appealing to manufacturers and consumers alike. These developments contribute to the efficiency and competitiveness of South Korea's fishmeal and fishoil market. citeturn0search2
In conclusion, South Korea's fishmeal and fishoil market is characterized by its diverse applications across aquaculture, livestock, pet food, and pharmaceutical industries. The emphasis on sustainability, coupled with technological innovations, positions the industry to meet the evolving demands of both domestic and international markets. As consumer awareness regarding health and environmental issues continues to grow, the fishmeal and fishoil market is poised for sustained growth and development.
Get an In-Depth Research Analysis of the South Korea Fishmeal and Fishoil Market Size And Forecast [2025-2032]
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.
Get Discount On The Purchase of the South Korea Fishmeal and Fishoil Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the South Korea 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
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
For More Information or Query, Visit @ South Korea Fishmeal and Fishoil Market Research Analysis
1. Introduction of the South Korea 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. South Korea Fishmeal and Fishoil Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Fishmeal and Fishoil Market, By Type
6. South Korea Fishmeal and Fishoil Market, By Application
7. South Korea Fishmeal and Fishoil Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Fishmeal and Fishoil Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/