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Fishmeal Market: Segmentation Analysis & Revenue Generating Segment
This market research report segments the fishmeal market by Application (Animal feed, Agriculture, and Pharmaceuticals) and Geography (North America, APAC, Europe, South America, and MEA).
The fishmeal market share growth by the animal feed segment will be significant for revenue generation. The growth of the global fishmeal market in the animal feed segment is driven by the extensive use of fishmeals in pig and poultry farms. It is a low-cost source of high protein for animals, which, in turn, helps to produce a high quantity of bacon, eggs, pork, and chicken.
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Fishmeal Market: Increasing consumption of meat and poultry to drive growth
The increasing consumption of meat and poultry is expected to be one of the key factors for driving the fishmeal market size growth. The weight, flesh quality, and nutritional value of the meat sourced from livestock, aquaculture species, and poultry can be enhanced by providing them with feeds fortified with proper food supplements and nutrients. Consumers are increasingly demanding meat and poultry products, which can be attributed to their need for protein-rich food sources. Also, the growing population and increase in per capita income will enable consumers to afford meat products. Thus, the growing demand for meat and poultry is expected to drive the growth of the market during the forecast period.
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Some of the key topics covered in the report include:
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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Fishmeal Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.11% |
Market growth 2022-2026 |
USD 1.98 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.43 |
Regional analysis |
North America, APAC, Europe, South America, and MEA |
Performing market contribution |
APAC at 36% |
Key consumer countries |
US, China, Germany, UK, and India |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Austral Group S.A.A., Corpesca SA, Corporacion Exalmar SA, CorporaciOn Pesquera Inca SAC Av., Diamond Aqua Fishes Meal, FF SKAGEN AS, Hayduk, Omega Protein Corp., Tasa, and TripleNine |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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