Global Fishmeal Market Growth 2019-2024
Fishmeal is an excellent high protein feed ingredient. It is a brown powder or cake has been obtained by removing most of the water and some or all of the oil from fish or fish waste. It is an excellent source of protein, lipids (oils), minerals, and vitamins. It is used primarily in diets for aquaculture systems, domestic animals, sometimes used as a high-quality organic fertilizer.
Currently, the world's largest fishmeal manufacturing area is still in Peru, but in recent years, Peru's fishmeal production dropped significantly, resulting in a tight supply market in recent years. But also led to the global fish meal prices up. By the end of 2014, the world's fish meal price is about 1545USD / MT. But with the 2015 production rose in Peru area will alleviate this condition. There will be price decline too.
2. The world's largest consumer market in China and Asia, which along with China regional economic development, rising demand for fish meal, so China needs to import a large amount of fish each year, according to Chinese customs data show that in 2014 China imported a total of fishmeal 1340K MT of which about 80% comes from Peru. Thus Peruvian fishmeal production is largely affected China's fish market.
Although China is the world's largest fish consumer market, but production in China has been low, but serious excess capacity, mainly because fisheries in China surrounding seas is far from ideal status, thus leading to the operating rate in China on the serious shortage of fish meal production.
At present, China manufacturing technology still has a great lack of high-end fish meal, which is a Chinese big problem to development factors.
The next few years, if not encountered intense natural disasters, the global fish market does not appear large fluctuations , China's self-sufficiency rate will continue to increase.
Although the market is not clear in the coming years, but due to the profit in fishmeal industry is pretty good, while the global demand is relatively stable, the group is optimistic about this industry.
According to this study, over the next five years the Fishmeal market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Fishmeal business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Fishmeal market by product type, application, key manufacturers and key regions and countries.
This study considers the Fishmeal value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Austevoll Seafood ASA
Rongcheng Blue Ocean Marine Bio
Dalian Longyuan Fishmeal
Hainan Fish oil&fish meal
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Fishmeal consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Fishmeal market by identifying its various subsegments.
Focuses on the key global Fishmeal manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Fishmeal with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Fishmeal submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.