Global Fish Meal Market is anticipated to be US$ 10.80 Billion in 2030, according to Renub Research. Fish meal has been a key player in the expansion and intensification of aquaculture on a global scale, making it an essential component of aquaculture feeds. With the increasing demand for fish production, the need for nutritious and high-quality feeds became paramount.

1. Fish meal Market is expected to reach a value of approximately US$
10.80 Billion by 2030
Renub Research has recently published a report named "Global Fishmeal
Market: Global Industry Trends, Share, Size, Growth, Opportunity, and
Forecast 2023-2030," providing a detailed industry analysis that consists of
market share insights. Furthermore, the report encompasses a study of
competitors and regions and the recent growth in the Global Fishmeal Market.
Expert Insights: Ask Analyst or Download Full Report with TOC & Figures:
https://www.renub.com/fish-meal-market-p.php
Global Fishmeal Market is predicted to grow at a CAGR of 5.13% during 2023-
2030. Fishmeal popularity in the global market arises from its high nutritional value,
versatility across industries, and association with sustainable aquaculture. Fishmeal
is a high-protein, high-oil meal made from the whole, dried, ground bodies of small,
oily fish such as anchovies, sardines, and menhaden.
Fishmeal is crucial for animal feeds, particularly in aquaculture, promoting healthy
growth. Its adaptability extends to applications in pet food, fertilizers, and
pharmaceuticals. The thriving aquaculture industry depends on fishmeal for quality
and growth of farmed fish and shrimp. By utilizing bycatch and low-value fish,
fishmeal reduces waste and addresses sustainability concerns.

2. Improved production techniques, including advanced processing methods like drying
and grinding, have boosted the global fishmeal market. These techniques have
improved the quality and consistency of fishmeal, increasing its appeal to
consumers. Moreover, they have enhanced production efficiency, resulting in higher
yields and reduced costs. Consequently, the global fishmeal market has grown,
meeting the increasing demand for fishmeal in aquaculture feed and other industries.
The adoption of sustainable fishery practices and alternative fish assets has
additionally performed a function within the marketplace's popularity and
sustainability.
Norway's ample fish shares in its rich marine atmosphere are the key drivers
behind the increase of fishmeal manufacturing.
In 2022, Norway finished a fishmeal production of 1.8 million tonnes, as pronounced
through the Norwegian Directorate of Fisheries. The high quality and reputation of
Norwegian fishmeal can be attributed to the talent in fish processing, utilization of
advanced technologies, implementation of efficient manufacturing strategies, and
dedication to sustainable fisheries management. The strong fishmeal mainly stems
from the thriving aquaculture industry, especially in salmon farming. Government's
support through rules, research funding, and investments in infrastructure performs a
pivotal role in fostering innovation and using boom within the sector.

3. Production- Global Fishmeal Market break up in 10 viewpoints
1. Peru
2. Vietnam
3. EU-27
4. Chile
5. China
6. Thailand
7. United States
8. Norway
9. Japan
10. Morocco
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The rapid growth of fishmeal consumption in Turkey is driven by economic
growth and an expanding middle class.
The investment in the aquaculture sector to reduce reliance on imported seafood has
driven the demand for fishmeal in feed formulations. Government initiatives,
including grants and tax incentives, support the growth of the aquaculture industry
and stimulate fishmeal consumption. Furthermore, the awareness of fishmeal's
health benefits and environmental sustainability contributes to its popularity as a
valuable protein source in the livestock and aquaculture sectors.

4. Consumption- Global Fishmeal Market break up in 10 viewpoints
1. China
2. EU-27
3. Vietnam
4. Japan
5. Norway
6. Thailand
7. Turkey
8. United States
9. Chile
10. Taiwan, Province of China
The growth in fishmeal imports in Turkey is driven via the increasing
aquaculture industry.
In 2022, Turkey imported 2.69 million tonnes of fishmeal, driven with the aid of its
expanding aquaculture zone and the demand for fishmeal in animal feed. The
growing populace and converting dietary preferences in Turkey have accelerated
seafood intake, growing a higher need for fishmeal. Turkey's strategic location on the
crossroads of Europe, Asia, and the Middle East permits the import of fishmeal from
worldwide suppliers to satisfy home demand. The availability of numerous fishmeal
products allows Turkey to get right of entry to tailored nutritional options for its
aquaculture and farm animals industries. Technological improvements and advanced
transportation infrastructure make certain green fishmeal imports, maintaining
product first-rate and timely transport.

5. Import- Global Fishmeal Market break up in 11 viewpoints.
1. China
2. EU-27
3. Turkey
4. Japan
5. Norway
6. Vietnam
7. Taiwan
8. Province of China
9. Indonesia
10. United Kingdom
11. The Republic of Korea
Russia's ample fishery resources, territorial waters, and tremendous coastline
contribute to the increase of fishmeal exports.
The availability of numerous fish species serves as a reliable uncooked fabric
source, helping industry expansion. Government rules selling the fishing region and
export activities, such as infrastructure investments and subsidies, create a good
surroundings for fishmeal exports. The growing worldwide demand for fishmeal in
animal feed and aquaculture, driven with the aid of its dietary blessings and
excessive protein content material, in addition boosts export increase.
Advancements in fishmeal manufacturing technologies and processing methods
make sure exquisite products that meet international standards, enhancing the
competitiveness of Russian fishmeal in the worldwide marketplace.

6. Export - Global Fishmeal Market break up in 10 viewpoints
1. Peru
2. Chile
3. Vietnam
4. EU-27
5. Morocco
6. United States
7. Thailand
8. Russian Federation
9. Iceland
10. Mexico
The speedy increase of tilapia within the global fishmeal market is due to its
adaptability, fast increase price, and excessive client call for.
Tilapia's versatility and capacity to thrive in numerous environmental situations boom
manufacturing and force the demand for fishmeal in tilapia feed. Its mild flavour,
dietary cost, and culinary versatility contribute to rising customer demand. The
awareness on sustainable aquaculture practices promotes using fishmeal from
opportunity and sustainable resources, lowering environmental impact. Advances in
fish feed studies decorate tilapia increase and health, in addition growing the
demand for great fishmeal.
Aquaculture- Global Fishmeal Market break up in 7 viewpoints.
1. Freshwater Fish
2. Tilapias
3. Cyprinids

7. 4. Eels
5. Salmon & Trout
6. Marine Fish
7. Crustaceans
Aquaculture usage will continue to grow in the global fishmeal market
The growth of aquaculture usage in the global fishmeal market is driven by
increasing demand for sustainable seafood solutions and advancements in
aquaculture technologies. Fishmeal plays a crucial role in supporting the growth and
health of farmed fish, while specialized fish feeds, including fishmeal, enhance their
nutritional quality. The recognition of fishmeal as a valuable protein source has led to
its adoption in aquaculture, and the industry's focus on environmental sustainability
has promoted the use of alternative feed ingredients, reducing pressure on wild fish
stocks, and promoting sustainable practices.
End-User- Global Fishmeal Market break up in 4 viewpoints.
1. Aquaculture
2. Pigs
3. Poultry
4. Others
Competitive Landscape.
Prominent companies in the global fishmeal market include FMC Corporation,
Croda International Plc., Mukka Proteins Limited, FKS Multi Agro, and GC
Rieber Oil.

8. Company has been covered from 3 Viewpoints:
• Overview
• Recent Developments
• Revenue
Company Analysis:
1. FMC Corporation
2. Croda International Plc.,
3. Mukka Proteins Limited
4. FKS Multi Agro
5. GC Rieber Oil
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