Fish Powder Market Estimate To Boost Growth In Demand By 2026

Posted by Swati Tamhankar on September 30th, 2019

Fish powder is obtained by drying and grinding a fish or by removing water and oil from fish. Fish powder is also known by fish meal. Fish powder has diversified range of applications in formulating feed for farmed fish, pigs, dogs, cattle, and poultry. Fish powder is an essential nutrient for animal feed as it contains amino acids, protein, fatty acids and other minerals. Fish powder can be made by any seafood but it is generally made from wild-caught small marine fish that consists of a high percentage of oil and bones. Certain species of oil fishy such as herring, menhaden, anchovy and pilchard are the main element of fish meal.

The global fish powder market is driven by increasing investment for various fish species such as sand eel, anchovy, capelin, pilchard, horse mackerel and menhaden for the production of fish powder will going to enhance sales. Furthermore, fish powder contains the protein content which is suitable for human consumption together with its active concentration of mineral content. Moreover, the fish powder can be applied as a functional ingredient which makes it suitable as a ready to eat meal. Introduction and rapid expansion of quick service restaurants (QSRs) have further bolstered demand for fish powder in developing as well as developed regions. Furthermore, raising number of non-vegetarian globally is also enhancing demand for fishmeal for rapid expansion of the aquaculture industry.  Moreover, easy availability of fish powder in various platforms ranging from modern trade to online sales channel have resulted in expansion of global fish powder market. Further, availability of fish powder on e-commerce platforms have resulted in convenience to buy goods without any physical constraint to the consumers.

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KEY BENEFITS FOR STAKEHOLDERS

• This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global fish powder market from 2018 to 2026 to identify the prevailing market opportunities.
• The key countries in all the major regions are mapped based on their market share.
• Porter’s five forces analysis highlights the potency of the buyers and the suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis of the market segmentation assists in determining the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global industry. Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global fish powder market, key players, market segments, application areas, and growth strategies.

FISH POWDER MARKET SEGMENTS

By Application

• Swine
• Poultry
• Aquaculture
• Others

By Geography

•          North America
•          Europe
•          Asia-Pacific
•          LAMEA

Key Players

•          Daybrook Fisheries
•          Omega Protein Corporation
•          Rongcheng Blue Ocean Marine Bio
•          Alaska Seafood
•          Pelagia AS
•          United Fish Meal FZC
•          Seagarden AS, K-Pro U.S, LP
•          Calysta, Inc