Fish Meal for Aquaculture Market | Size,Share, Growth

Posted 2024-01-09 08:16:43

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Fish meal for aquaculture market size is valued at USD 59.3 billion by 2028 and is expected to expand at a compound annual growth rate of 7.10% over the forecast period of 2021 to 2028. The fishmeal is widely used as a fertilizer as it is a rich source of organic nitrogen and is the factor for the growth of the fish meal for aquaculture market in the forecast period of 2021 to 2028.

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Fish meals are the products made from fishes, and are extensively used as fertilizers and feeds. It is prepared by cooking and pressing the raw fish or fish trimmings, which is later dried and milled to get fishmeal in cake or pulverized form.

The increasing incorporation of fishmeal in swine and poultry diets is largely flourishing the growth of the fish meal for aquaculture market over the forecast period of 2021 to 2028. The improving production and environmental performance of aquaculture will also accelerate the demand for fish meal for aquaculture market. Likewise, increasing demand for naturally sourced protein additive in animal feed, growing awareness regarding the advantages of fish meal and increasing consumption of animal products such as fish meat are some of key determinants expected to drive the fish meal for aquaculture market growth. Also, the fishmeal consist of high amounts of necessary amino acids and protein, that can be easily digested by the livestock, counting aquatic animals which will also have positive impact the fish meal for aquaculture market.

However, the EL Niño effect leading in higher prices and microbial contamination in aquafeed as well as the irregularity in regulatory structure will limit the growth of fish meal for aquaculture market in the above mentioned forecast period, whereas the increasing usage of alternative feed ingredients and rise in the number of substitutes for fishmeal have the potential to challenge the growth of the fish meal for aquaculture market.

In addition, sustainable intensification of aquaculture as well as the increasing aquaculture industry and growing use of fish meal as a fertilizer will accelerate various growth opportunities for the market to grow over the forecast period of 2021 to 2028.

TABLE OF CONTENTS

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Fish Meal for Aquaculture Market Landscape

Part 05: Pipeline Analysis

Part 06: Fish Meal for Aquaculture Market Sizing

Part 07: Five Forces Analysis

Part 08: Fish Meal for Aquaculture Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework