Global Fish Oil for Aquafeed Market
Global Fish Oil for Aquafeed Market was valued at USD 3.15 billion in 2021 and is expected to grow at USD 4.97 billion by 2027 at a CAGR of 6.27 % from 2022-2027.
Compound meals manufactured from raw ingredients including sunflower, corn, soybean, fish meal, and fish oil make up aquafeed. The feed's name suggests that it is meant for aquatic animals like fish, shrimp, and crabs. These are rich in nutrients and contain a number of growth-enhancing qualities.
Market Drivers
The market for fish oil for aqua feed is expanding as a result of expanding fish farming operations throughout the world and rising spending on research and development efforts. Other factors influencing market expansion are the increasing requirement and demand for compounded meals to maintain the health of aquatic species and rising public awareness of fish oil for aqua feed. Population expansion, rising wealth in developing nations, and urbanisation have all contributed to an increase in the output of fish and aquaculture worldwide. Income and intake of animal protein are positively correlated with rising seafood consumption at the expense of staple foods. Due to rising wages and urbanisation, the world's fish consumption is growing more quickly than the world's population. The world's principal sources of protein, money, livelihoods, and population well-being are increasingly becoming fishing and aquaculture.
The market for fish oil for aquafeed will see even more attractive growth opportunities as manufacturers place a greater emphasis on producing novel products and as regulations on foods made from animals are tightened.
Market Restraints
However, the market for fish oil in aqua feed will face significant challenges due to price variations in raw materials. The market for fish oil for aquafeed may experience slower growth as a result of the government's strict rules on product approvals.
Impact of COVID-19
Operations have been slowed down by the COVID-19 pandemic, which has led to a staffing shortage and increased sanitary standards for processing and fishery. Fishing and reduction operations have continued practically everywhere because many nations view the marine ingredients sector as a crucial link in the food supply chain. Feed businesses have made sure that farmers have the resources they require to preserve the wellbeing and health of their animals while sustaining agricultural output levels. The adoption of "Scientific Aquaculture Management Practices" and export-oriented aquaculture have expanded in response to rising fish demand (SAMP).
Market Segmentation
Global Fish Oil for Aquafeed Market is segmented into Type of Additives, Aquatic Species, Type of Feed and Application. By Type of Additives such as Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers. By Aquatic Species such as Fishes Feeds, Mollusks Feeds, Crustaceans Feeds. By Type of Feed such as Extruded Feed, Pellet Feed, Powder Feed, Wet Feed. By Application such as Marine Feeding, Fresh Water Feeding.
Regional Analysis
Global Fish Oil for Aquafeed Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Owing to the region's growing urbanisation, increasing demand for processed seafood, and diversifying diets, Asia-Pacific will have a dominant position in the fish oil for aquafeed market.
Key Players
This report includes a list of numerous Key Players, namely Darling Ingredients Inc. (U.S.), The Lauridsen Group Inc. (U.S.), SARIA Group (Germany), Sera Scandia (Denmark), Lican Food (Chile), Puretein Agri LLC. (U.S.), Veos Group (Belgium), Kraeber & Co Gmbh (Germany), Rocky Mountain Biologicals (U.S.), Lihme Protein Solutions (Denmark).
Market Taxonomy
By Form
By Additives
By Aquatic Species
By Application
By Region
Global Fish Oil for Aquafeed Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Fish Oil for Aquafeed Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Fish Oil for Aquafeed Market, By Form
5.1 Y-o-Y Growth Comparison, By Form
5.2 Global Fish Oil for Aquafeed Market Share Analysis, By Form
5.3 Global Fish Oil for Aquafeed Market Size and Forecast, By Form
5.3.1 Extruded Feed
5.3.2 Pellet Feed
5.3.3 Powder Feed
5.3.4 Wet Feed
6 Global Fish Oil for Aquafeed Market, By Additives
6.1 Y-o-Y Growth Comparison, By Additives
6.2 Global Fish Oil for Aquafeed Market Share Analysis, By Additives
6.3 Global Fish Oil for Aquafeed Market Size and Forecast, By Additives
6.3.1 Amino Acids
6.3.2 Vitamins & Minerals
6.3.3 Probiotics & Prebiotics
6.3.4 Enzymes
6.3.5 Antibiotics
6.3.6 Antioxidants
6.3.7 Others
7 Global Fish Oil for Aquafeed Market, By Aquatic Species
7.1 Y-o-Y Growth Comparison, By Aquatic Species
7.2 Global Fish Oil for Aquafeed Market Share Analysis, By Aquatic Species
7.3 Global Fish Oil for Aquafeed Market Size and Forecast, By Aquatic Species
7.3.1 Fishes Feeds
7.3.2 Mollusks Feeds
7.3.3 Crustaceans Feeds
8 Global Fish Oil for Aquafeed Market, By Application
8.1 Y-O-Y Growth Comparison, By Application
8.2 Global Fish Oil for Aquafeed Market Share Analysis, By Application
8.3 Global Fish Oil for Aquafeed Market Size and Forecast, By Application
8.3.1 Marine feeding
8.3.2 Fresh water feeding
9 Global Fish Oil for Aquafeed Market, By Region
9.1 Global Fish Oil for Aquafeed Market Share Analysis, By Region
9.2 Global Fish Oil for Aquafeed Market Share Analysis, By Region
9.3 Global Fish Oil for Aquafeed Market Size and Forecast, By Region
10 North America Fish Oil for Aquafeed Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 North America Fish Oil for Aquafeed Market Share Analysis, By Form
10.3 North America Fish Oil for Aquafeed Market Size and Forecast, By Additives
10.4 North America Fish Oil for Aquafeed Market Size and Forecast, By Aquatic Species
10.5 North America Fish Oil for Aquafeed Market Size and Forecast, By Application
10.6 North America Fish Oil for Aquafeed Market Size and Forecast, By Country
10.7.1 U.S.
10.7.2 Canada
10.7.3 Mexico
11 Europe Fish Oil for Aquafeed Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Europe Fish Oil for Aquafeed Market Share Analysis, By Form
11.3 Europe Fish Oil for Aquafeed Market Size and Forecast, By Additives
11.4 Europe Fish Oil for Aquafeed Market Size and Forecast, By Aquatic Species
11.5 Europe Fish Oil for Aquafeed Market Size and Forecast, By Application
11.6 Europe Fish Oil for Aquafeed Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4. Rest of Europe
12 Asia Pacific Fish Oil for Aquafeed Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Asia Pacific Fish Oil for Aquafeed Market Share Analysis, By Form
12.3 Asia Pacific Fish Oil for Aquafeed Market Size and Forecast, By Additives
12.4 Asia Pacific Fish Oil for Aquafeed Market Size and Forecast, By Aquatic Species
12.5 Asia Pacific Fish Oil for Aquafeed Market Size and Forecast, By Application
12.6 Asia Pacific Fish Oil for Aquafeed Market Size and Forecast, By Country
12.6.1 China
12.7.2 Japan
12.8.3 India
12.9.4. Rest of Asia Pacific
13 Latin America Fish Oil for Aquafeed Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Latin America Fish Oil for Aquafeed Market Share Analysis, By Form
13.3 Latin America Fish Oil for Aquafeed Market Size and Forecast, By Additives
13.4 Latin America Fish Oil for Aquafeed Market Size and Forecast, By Aquatic Species
13.5 Latin America Fish Oil for Aquafeed Market Size and Forecast, By Application
13.6 Latin America Fish Oil for Aquafeed Market Size and Forecast, Country
13.7.1. Brazil
13.8.2. Rest of Latin America
14 Middle East Fish Oil for Aquafeed Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Middle East Fish Oil for Aquafeed Market Share Analysis, By Form
14.3 Middle East Fish Oil for Aquafeed Market Size and Forecast, By Additives
14.4 Middle East Fish Oil for Aquafeed Market Size and Forecast, By Aquatic Species
14.5 Middle East Fish Oil for Aquafeed Market Size and Forecast, By Application
14.6 Middle East Fish Oil for Aquafeed Market Size and Forecast, By Country
14.7.1. Saudi Arabia
14.8.2. UAE
14.9.3. Egypt
14.10.4. Kuwait
14.11.5. South Africa
15Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Darling Ingredients Inc
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2. The Lauridsen Group Inc
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3. SARIA Group
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Sera Scandia
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Lican Food
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Puretein Agri LLC.
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Veos Group
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Kraeber & Co Gmbh
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Rocky Mountain Biologicals
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Lihme Protein Solutions
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies
