Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
Analysis of revenue contributions from different manufacturers in the market.
Fishmeal and Fish Oil Market Definition
Fishmeal is a powder substance obtained from post-cooking, pressing, drying, and milling the raw fish and fish oil is a liquid pressed from the cooked fish. Fishmeal and fish oil are used for the production of feed for aquaculture and agriculture. Fishmeals consist of 60-72% fish protein, 10-20% ash and 5-12% fish oil. The fishmeal and fish oil market is greatly driven by the nutritional qualities which makes it ideal for protein supplements in feed for aquaculture and animal husbandry.
Another factor that gains traction in the market is fishmeal and fish oil being the rich source of long-chain omega-3 fatty acids which is crucial for promoting health and vitality. According to the International Fishmeal and Fish Oil Organisation, the overall fishmeal production rose by 40% between January and July in 2024 and fish oil was up by 10%, compared to the year 2023.
Despite its nutritional benefits, the high cost of fishmeal and fish oil limits its usage, it is used at a low level in the diet. The fishmeal and fish oil market has a promising future that represents two-thirds of the world's production and holds 80% of trade worldwide with producers in Europe, South America, Africa, the USA, China, and India.
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