Global Fish Meal Market to Record Considerable Opportunity Growth in the Years After COVID-19 Pandemic and Forecast 2019-2029
Fish Meal Market: Market Outlook
Domestic animals continue to make significant contributions to worldwide food supply and because of this, animal feeds have become an increasingly serious component of the integrated food products chain. Poor protein sources in animal feed can cause greater stress to young animals and results in poorer development and low performance which can never be recovered. Younger animals like weaned pigs are highly sensitive to the dietary protein feed. Their immunoregulatory system is not able to distinguish fully between proteins from harmful bacteria and feed proteins, adverse allergic reaction to some feed proteins is likely.
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The fish meal provides an excellent source of by-pass protein for ruminants and a good source of quality protein for monogastrics. Compared with other sources of plant protein and cereals, Fish Meal provides a good nutritional source of phosphorus and calcium in animal feeds. Fish meal is a nutrient-rich feed ingredient used mainly in diets of domestic animals and also used as a high-quality organic fertilizer. Fish meal is obtained from any type of seafood but is usually manufactured from tiny marine fish that contain a high percentage of oils and bones, and it is not suitable for direct human consumption.
The fishing corporation is not well established in many developing countries, and it makes increased contributions to future fish meal supply in some regions. The meaning of increasing supply of meal from farmed fish and aquaculture systems is possible and deserves assessment. In many parts of some countries such as Cambodia and Vietnam, waste fish meal is used for additional fish pond production and combined into native animal feeds. Fish meal is usually sold in powder form and is used frequently in compound foods for poultry, pigs and farmed fish. Fish meal is more valuable to be used as a fertilizer.
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Fish Meal and its Properties:
Fish meal has excellent nutritional properties. Fish meal contains a high amount of balanced EAA and digestible protein. Furthermore, fish Meal is also rich in other nutrients such as important cholesterol, fatty acids, minerals, phospholipids, and certain vitamins. Fish meal is a highly heterogeneous material, both physically and chemically.
Fish meal contains particles derived from various fish tissues, scales, pieces of bones, and in many cases, suspended and soluble material from stick dry state water and blood water. Information of the relationship between relative humidity, the moisture content, and equilibrium of fish meals and hydrolysates is important to design packaging requirements, conveying and storage equipment, and drying operation.
Global Fish Meal Market: Segmentation
On the basis of source, the global Fish Meal Market has been segmented as:
- Sardines
- Anchovy
- Blue Whiting
- Capelin
- Norway Pout
- Send eel
- Sprat
- Menhaden
On the basis of nature, the global Fish Meal Market has been segmented as:
- Organic
- Conventional
On the basis of application, the global Fish Meal Market has been segmented as:
- Animal Feed
- Pharmaceuticals
- Dietary Supplements
- Fertilizers
On the basis of Geographical area, the global Fish Meal Market has been segmented as:
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
On the basis of the end user, the global Fish Meal Market has been segmented as:
- Aquaculture
- Chicken
- Pig
- Others
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Global Fish Meal Market: Market Participants
Some active market participants who provide a fish meal in the global market are,
- Al Dahra ACX
- Archer Daniels Midland
- Angel Yeast Co. Ltd
- Cargill Inc.
- Calysta, Inc.
- Lallemand Inc.
- Nutreco N.V and Alltech
Opportunities for Participants in the Fish Meal Market
It is clear that aquaculture will continue to fill the rising supply-demand gap in the face of fast increasing global fish demand. Increasing competition and dependency for agricultural crops which are already under pressure to meet global demand for feed, food, biofuels, and bio-based materials drive the global fish meal market.
Increasing awareness about the fish meal diet such as blood meals, meat, and bone in animal feed expected to boost the demand for fish meal. People in a developed country shifting from red meat to alternative protein source for animal feed, which is expected to rise in the global demand for fish meal.