Published Date: 2019-06-20 | Pages: 130+ | Tables: 90+ | Report ID: 2347 | Industry: Food & Beverages | Format :
Fish powder is made from cooked fishes and primarily used in animal feed. Also referred to as fish meal, it is generally prepared using fishes that are not normally meant for human consumption. Most of it is manufactured using small, wild-caught fishes, sustainable fish stocks, or unmanaged by-catches. On the other hand, a small percentage of fish powder is prepared using the offal and bones left over from processed fishes consumed by humans. Fish powder and fish oil are mainly prepared from pilchard, herring, anchovy, menhaden, and other species of oily fishes. Fish powder was previously considered as an important fertilizer.
According to a study recently published by the Institute of Aquaculture of the University of Stirling, substituting fish meal with crop-based ingredients may not be the best environment-friendly move. Commercial fish feed producers are observed to have increased the use of plant ingredients as a replacement for fish meal in aquaculture feeds, considering their desire to improve aquafeed sustainability and the benefit of economic incentives. However, the new research challenges this approach that many predict is more environment-friendly. As per the analysts, the global fish powder market is expected to come into the limelight because of such research studies.
The report on the global fish powder market is carefully assessed with strong focus on regional growth, segmentation, competition, and market dynamics. Each section of the report sheds light on critical factors and aspects of the global market and how they could impact growth during the course of the forecast period.
Global Fish Powder Market: Market Dynamics
Increasing awareness among consumers about the benefits of using fortified foods is anticipated to support the growth of the global fish powder market. The demand for fish powder products could see growth in the food industry with the increase in production of functional foods. Manufacturers are expected to improve their sales with growing investments in various types of fish species used to produce fish powder. Use of several types of fish species for the production of fish powder is foreseen to increase the interest in the global market.
Although fish powder is mostly used in animal feed, products with protein content and active concentration of mineral content could sometimes be used for human consumption. The use of fish powder in the formulation of ready-to-eat products is predicted to improve the demand in the coming years. However, the adoption of substitutes to fish powder is foretold to cut down the growth of the global market. Furthermore, price fluctuations and the gap between the demand and supply of raw materials are expected to upset the global market growth.
Global Fish Powder Market: Segmentation
● Cod Fish
● Sea Bass/Bream
● Feed Industry
● Food Industry
● Flavor Industry
● Supplement Industry
● Paper Bags
● Plastic Containers
● Plastic Pouches
Among various sources used to prepare fish powder, cod fish is foretold to account for a remarkable share of the global market. If the applications of fish powder are taken into account, the feed industry is expected to collect a substantial share of the global market. Increasing adoption of aquafarming or aquaculture could bode well for the application of fish powder in the feed industry. Among different types of packaging used for fish powder, paper bags are anticipated to attract a healthy share of the global market.
Global Fish Powder Market: Regional Analysis
The remarkable growth of Europe in the aquaculture industry is prophesied to help the region to show a quick rise in the global fish powder market. EU countries reaching high levels of aquaculture and fisheries production are expected to help with the growth of the Europe market. Moreover, the rise of the fisheries and catchers industries in the region is foretold to benefit Europe in the near future.
On the other hand, Asia Pacific is projected to secure a larger share of the global fish powder market in the coming years. This could be because of the significant growth in aquafeed production. The emerging region is anticipated to maintain its dominance in the global market during the forecast period. Its high consumption share in the feed industry could be another factor pushing the demand for fish powder in Asia Pacific.
Global Fish Powder Market: Key Manufacturers
The global fish powder market witnesses the presence of top manufacturers, including Daybrook Fisheries, Inc., MC Machinery Co. Ltd., Aksha Fish Meal and Oil, Diamond Fishes, Mexican Seafood Co., Madai Ltd., Lucky Star Metal Agricultural Co. Ltd., Thanh Ha Agriculture and Forest Product Processing and Export Co., Ltd, La Romana Farine S.R.L., Salmon Club SRL, Mega Tierernährung GmbH, Polfish, and G.E. McLarnon & Sons Limited.
This report by QY Research digs deep into significant aspects of the global fish powder market with the help of highly advanced research techniques and tools and experienced research analysts. The authors of the research study have accurately calculated and estimated the value, volume, and CAGR of the global market. They have also examined key regional markets and carefully forecast their size, growth rate, consumption, production, and sales. QY Research’s primary sources range from industry experts from the supply side to end users from the demand side of the global market. Some of the secondary sources used to compile the report are press releases, annual reports, government publishing sources, and whitepapers.
The analysts used market breakup and data triangulation procedures to calculate exact statistics of different segments and sub-segments and take care of the overall market engineering process. Reliable secondary sources were used to determine all market breakups, splits, and shares, which were then verified using primary sources before presenting them in the report.
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● For identifying significant trends, drivers, influence factors in global, and regions.
Food and beverages sector is considered to be one of the fastest-growing one. Growth of its various industries, right from processing, packaging, and labelling amongst others, have witnessed unbelievable transformation over the years. Players in the food and beverages industry are constantly catering to the changing lifestyle needs that are at times characterized by healthy eating habits or higher purchasing power. The food and beverages industry is extremely dynamic and hence requires a constant watch.
Our researchers have created a repository of thoroughly-researched reports that are aimed at offering the readers a detailed outlook of the industry. Analysts have focused on issues such as food security, evolving demographics, and changing dietary habits. Packaging and innovation therein, along with emerging trends such as organic food items have been discussed through these publications.
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NOTE - The analysis, thoughts, views, facts, and opinions expressed in this report are of the respective research analysts. QYR Consulting does not necessarily endorse it or it is also not essentially formal views of QYR Consulting.