Fishmeal
is the flour processed out of the fish after milling and drying the
fish and its selective body parts, whereas fish oil is the brown or
yellow liquid extracted out by pressing the cooked fish. The fishmeal
and fish oil are majorly used as additive in the animal and fish
feeds. Both fishmeal and fish oil are employed as high protein
ingredients in the feeds given to farmland animals and farmed fishes.
Fish oil is majorly used in the farm fish feeds with a minor share
used in land animal feeds. Moreover, Fishmeal is not fed directly
(undiluted) to the animals as feed additive. It is need to be added
in animal feeds by following typical inclusion rates for fishmeal
which vary among different types of feed. The production of fishmeal
and fish oil utilizes different species of fishes. However, oily fish
species such as anchoveta fish is commonly used.
Fishmeal
and Fish oil Market Segmentation
Fishmeal
and Fish oil market
is segmented on the basis of source, application and region. On the
basis of source it is segmented as anchovy, menhaden, capelin, sand
eel, horse mackerel, pilchard and others. The oily fish species such
as anchovy is a profitable source for fishmeal and fish oil
production.
On
the basis of application Fishmeal and Fish oil market is segmented
as; Aquaculture & aquatic feeds, Land animal feeds, Fertilizers,
Pharmaceuticals and dietary supplements. The major share of revenue
being driven by animal feeds and fish feed application of fishmeal
and fish oil.
On
the basis of region the Fishmeal and Fish oil is segmented into Asia
Pacific, North America, Latin America, Europe, Middle East and Africa
and Japan. The fishmeal and fish oil produced from the species
sourced from North American and Latin American region are high with
LC-omega 3 fatty acids which are mainly eicosapentaenoic and
decosahexaenoic acids (EPA and DHA) and are majorly sourced in
dietary supplements.
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Fishmeal
and Fish oil market Global Market Trends and Market Drivers:
The
global fish and seafood market is at a dynamic evolution stage where
big market players and government fishery organizations are joining
hands with small fishery farms at both inter and intra-region levels
resulting in a scope of demand with quality in aquatic feed additive
market. This in turn driving the demand for fishmeal and fish oil
market. Furthermore, rising demand of innovative health supplements
for both infants and adult consumers will catalyzed the demand for
human edible fishmeal and fish oil production and omega-3 added
supplements. Moreover, consumer consciousness and urge to use
products source and cultivated with naturally grown ingredients led
to increase the demand of fertilizers with natural additives. This
also supports the growing demand for fishmeal and fish oil around the
globe. However, use of fishmeal and fish oil as additive in animal
feed is limited by the typical inclusion rates which in turn expected
to limitsthe growth rate for fishmeal and fish oil market.
Fishmeal
and Fish oil Market Key Players:
Variety
of Fishmeal and Fish oil products with diversified uses have been
introduced by the manufacturers and some of the global market players
manufacturing Fishmeal and Fish oil products in the market include;
FMC corporation, Austevoll Seafood ASA, Croda International PLC.,
Oceana Group Ltd, Omega Protein Corporation, Sürsan, The Scoular
Company, GC Rieber Oils, Marvesa, Tasa, Orizon, Pioneer Fishing,
Triplenine Group, Pesquera Exalmar S.A.A, Corpesca SA, FF Skagen A/S,
Copeinca ASA, Colpex, Mukka Sea Food Industries Pvt. Ltd Among
others.
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