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Fish Meal looks like as a brown powder, which is obtained from cooking, pressing, evaporating, drying and grinding of whole fish or by product fish. It is very essential nutrients for animal feed because it contains rich source of protein, amino acids, fatty acids and other minerals. The global fish meal market is expected to be 6.8 Thousand Tons by the end of year 2024. The major growth factors of fishmeal market are natural protein additives, rapid expansion of feed industry; extensive farming of aquaculture species likes salmon and Crustaceans. Moreover, increasing number of non-vegetarian in global perspective is also creating the huge demand for fishmeal for rapid expansion of aquaculture industry. But, increasing adoption of fish meal substitute will hinder the growth of fish meal Industry.
Fish Meal Market Insight, Peru is Largest Producer of Fish Meal
In this report, we have done in-depth analysis of fish meal market and volume analysis. We have taken historical data of volume and market from 2012 to 2017 and forecast year are 2018-2024
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Segment Analysis, Aquaculture is Largest End-User
In this report, we have segmented the market and volume on the basis of (Species) source of fish meal. We have shown the volume and market of each and every species from which fish meal is manufactured. These segments are: Anchovy, Blue whiting, Sardines, Capelin, Menhaden, Norway Pout, Send eel, Sprat and Others. Again, we have categorized the market and volume on the basis of end-users; Aquaculture Market & Volume, Chicken Feed Market & Volume, Pig Feed Market & Volume and Others. Aquaculture is further fragmented into seven parts Market & Volume; Cyprinids, Eels, Crustaceans, Marine, Salmon, Tilapias and Others aquaculture species.