The market is gaining momentum as fishmeal and fish oil find increasing use in various livestock and industrial applications. Demand for fishmeal and fish oil is gaining significant attraction in the industry, especially due to the growing interest in the health and nutrition of livestock and pets, coupled with an aging population, especially in the Asia-Pacific region. Increased technological innovation in the fish oil market and technological advances in increasing the efficiency of fishmeal and fish oil have contributed to the growth of the market in recent years.

Cumulative production of fishmeal and fish oil so far this year is slightly lower than last year, which is notable given the global recession due to COVID-19. The negative impact of COVID-19 on fishmeal and fish oil trade is not expected to last for a number of reasons. First, the Peruvian government and other relevant agencies had plenty of time to deal with the various challenges posed by the pandemic. Second, China will recover from the pandemic and continue to absorb major portion of the fishmeal produced in Peru during the recovery of aquaculture. and land agriculture.

The Global Fishmeal and Fish Oil Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Arbee, Asia Fish Oil Corporation, Austevoll Seafood ASA, BASF SE, Croda International PLC, Dai Dai Thanh Seafoods, FF Skagen, FKS Multi Agro, GC Rieber Oils, Mukka Proteins Limited, Oceana Group Limited, Omega Protein Corporation, Pattani Fish Meal (1988) Co., Ltd., Pelagia, Raj Fishmeal and Oil Company, Royal DSM, Sandakan Fishmeal Sdn Bhd, Sürsan A.Ş, The Scoular Company, Wudi Deda Agriculture Co., Ltd.

SPER Market Research study aims to provide market dynamics, demand and supply with yearly forecast to 2032. This report provides data for growth estimates and forecasts for product type segment – By Source (Salmon and Trout, Crustaceans, Marine Fish, Carps, Tilapias, Eels, Crabs, Tilapias, Eels, Crabs, Lobsters), By Livestock Application (Ruminants, Swine, Poultry, Aquaculture, Equine, Marine Species), By Industrial Application (Fertilizers, Aquaculture, Pharmaceuticals).

This report also provides the data for key regional segments of North America, Europe, Asia-Pacific and Rest of the World. 

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.