Product overview

A fish meal is a commercial product made out of fish that are generally not used for human consumption. Fishmeal is commonly used to feed farm animals and as fertilizers. Fishmeal is made out of bones and offal leftover of the fishes, caught by commercial fisheries, which is then dried and crushed into powder and cake.

Market highlights

Global Fish Meal Market is expected to exceed USD 16,276.67 billion by 2030 from USD 9,340.66 million in 2016 at a CAGR of 7.8% throughout the forecast period, i.e., 2020-2030. The global fishmeal market is estimated to grow on the back of the following reasons. Fishmeal is rich in calcium, protein, crude fiber, and amino acids which can be easily digested by the livestock, even by the aquatic animals. Moreover, it contains plenty amount of other vital minerals and fatty acids which are essential for the growth and development of various livestock. Additionally, fishmeal is a rich source of organic nitrogen and hence is extensively used as fertilizer as it accelerates the growth of plants. Thus, increasing demand for protein in animal feed is going to drive the growth of the global fishmeal market.

Global Fishmeal Market: Segments

Global Fish Meal Market has been bifurcated on the basis of application, livestock, source, and region.

On the basis of livestock, it is divided into ruminants, swine, poultry, aquatic animals, and others. Based on the source it is segmented as salmon and trout, anchovy, marine fish, menhaden, capelin, pilchard, tilapia, sand eel, and others. The oily fish species is a profitable source as it is high in protein and useful for making fishmeal and fish oils. On the basis of application global fishmeal market is categorized as fertilizers, pharmaceuticals, feed, and others.

Global Fishmeal Market: Drivers and Restraints

Drivers:

Increasing demand for organic nitrogen

Fishmeal is rich in organic nitrogen and hence is being demanded by the agricultural sector in order to ensure the healthy and fast growth of the crops.

Rising awareness of health

Since people are now more aware of health and want to boost their immunity naturally they are opting for more organic solutions. Fishmeal and fish oil is a rich source of amino acids, proteins and omega-3 are catalyzing the demand of innovative health supplements both for infants and adult consumers.

Restraint:

Price Volatility

Volatility concerning the prices of fishmeal products is one of the major restraints that is expected to hamper the growth of the Global Fishmeal Market in the upcoming years. However, a steady increase in the prices of raw material (fish) is going to decrease the demand for Fishmeal products.

Global Fishmeal Market: Region

Global Fish Meal Market is segmented on the basis of regional analysis into five major regions. These include North America, Latin America, Europe, Asia-Pacific, and Middle-East& Africa. At present, Asia-Pacific holds a major share in the global market. Europe is the second-most market-leading region after the Asia Pacific. Germany, Italy, France, and Switzerland are the countries with major consumption in the European region.

Global Fishmeal Market: Impact of Covid-19

The global pandemic Covid-19 has become global stress not just for human lives but also to many industries across different industry verticals. The Covid-19 virus has infected several million people across the world, with the United States accounting for the highest share of infected cases. With an increasing number of active cases on a daily basis, it is difficult to predict the duration of the pandemic. The adverse impact of Covid-19 on the global fishmeal market can be seen by the fact that the demand has declined significantly as China being one of the major consumers was severely hit by the disease, decline in production due to worldwide lockdown.

Key players

Some key players operating in the fishmeal market are:

 Croda International Plc (UK)

o Company overview

o Business Strategy

o Key Product Offerings

o Financial Performance

o Key Performance Indicators

o Risk Analysis

o Recent Development

o Regional Presence

o SWOT Analysis

 Oceana Group Ltd (South Africa)

 FMC Corporation(US)

 Austevoll Seafood ASA(Norway)

 Omega Protein Corporation(US)

 Empresas COPEC S.A. (Chile)

 Sarma Fish S.A.R.L. (Morocco)

 Alpha Atlantique (Morocco)

 Novus International Inc(US)

 Calysta Inc(US)

Global Fish Meal Market Report also contains an analysis on:

 Fishmeal Market by Segment

o By Application

• Fertilizers

• Feed

• Others

o By Source

• Salmon and Trout

• Marine fish

• Crustaceans

• Tilapia

• Others

o By Livestock

• Ruminant

• Poultry

• Swine

• Aquatic Animals

• Others

o By Region

• North America

• Latin America

• Europe

• Asia-Pacific

• Middle-East & Africa

Contents

1. Executive Summary

2. Fishmeal Market

1. Product Overview

2. Market Definition

3. Segmentation

4. Assumptions and Acronyms

3. Research Methodology

1. Research Objectives

2. Primary Research

3. Secondary Research

4. Forecast Model

5. Market Size Estimation

4. Average Pricing Analysis

5. Market Dynamics

1. Growth Drivers

2. Restraints

3. Opportunity

4. Trends

6. Recent Development, Policies & Regulatory Landscape

7. Risk Analysis

1. Demand Risk Analysis

2. Supply Risk Analysis

8. Fishmeal Market Analysis

1. Porters Five Forces

1. The threat of New Entrants

2. Bargaining Power of Suppliers

3. Threat of Substitutes

4. Rivalry

2. PEST Analysis

1. Political

2. Economic

3. Social

4. Technological

9. Global Fishmeal Market

1. Market Size & forecast, 2019A-2030F

1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10. Global Fishmeal Market: Market Segmentation

1. By Regions

1. North America:(U.S. and Canada)

 By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America)

 By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)

 By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)

 By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

5. The Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of the Middle East and Africa)

 By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. By Application: Market Share (2020-2030F)

1. Fertilizer, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. Feed, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

3. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

3. By Livestock: Market Share (2020-2030F)

1. Poultry, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. Swine, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

3. Ruminants, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

4. Aquatic Animals, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

5. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

4. By Source: Market Share (2020-2030F)

1. Salmon and Trout, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. Marine Fish, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

3. Crustaceans, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

4. Tilapia, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

5. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11. Company Profile

1. Croda International Inc.

1. Company Overview

2. Company Total Revenue (Financials)

3. Market Potential

4. Global Presence

5. Key Performance Indicators

6. SWOT Analysis

7. Product Launch

2. Oceana Group Ltd.

3. FMC Corporation

4. Austevoll Seafood ASA

5. Omega Protein Corporation

6. Empresas COPEC S.A.

7. Sarma Fish S.A.R.L.

8. Alpha Atlantique

9. Novus International Inc

10. Calysta Inc

12. Consultant Recommendation

**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)