Global Semi-Skimmed Fish Meal Market 2024-2031

PUBLISHED: July 29, 2024

PAGES: 133 Pages

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Semi-Skimmed Fish Meal Market Size, Share & Trends Analysis Report by Type (Flame Dried (FD) Fish Meal and Steam Dried (SD) Fish Meal), and by Application (Aquaculture Feed, Poultry Feed, Pig Feed, Ruminant Feed, and Pet Food) Forecast Period (2024-2031)

Semi-skimmed fish meal market is anticipated to grow at a CAGR of 9.4% during the forecast period (2024-2031). Semi-skimmed fish meal is a protein-rich ingredient for feeding the animals, which was produced out of processing waste and fish part leftovers. It is cooked, squeezed, dried, and groundfish wastes such as heads, tails, backbones, and entrails. The market growth is driven by increasing environmental concerns, government incentives, and advancements in technology. The market growth is also supported by the increasing collaborations between government and private players and R&D efforts.

Market Dynamics

Growing demand for Protein-Rich Food

The demand for semi-skimmed fish meal, which contains about 12.0% to 15.0% fat and is regarded as a valuable protein source for livestock and aquaculture feedstocks, has been fueled by rising consumer inclination towards protein-rich diets. This development can be traced to the rising awareness of the nutritional advantages that come with high protein intake including improved muscle building among other body functions. The nutrition profile of medium fat content and high protein concentration in a semi-skimmed fish meal makes it very appropriate for use in feed formulations, supporting animal growth, development, and health. It also has the added advantage of being consumed sustainably as it recycles waste from fish processing factories while at the same time meeting the customer's demand for green foods.

Availability of Raw Material

The market for semi-skimmed fish meals is significantly thriving attributed to the vast availability of raw materials such as protein-rich and oily fish-processing by-products including fish oil. Raw materials mainly obtained from fish processing include heads, tails, bones, and viscera, among others. This offers a supply base in fish meal production, enabling manufacturers to maintain product quality through consistent production flows. The availability of these raw materials facilitates the creation of semi-skimmed fish meal, making it easier to extract fat and other vital elements. This also lowers the likelihood of product shortages to promote market growth and expansion.

Market Segmentation

Our in-depth analysis of the global semi-skimmed fish meal market includes the following segments by type and application.

Based on type, the market is bifurcated into flame-dried (FD) fish meal and steam-dried (SD) fish meal.
Based on application, the market is sub-segmented into aquaculture feed, poultry feed, pig feed, ruminant feed, and pet food.

Steam Dried Fish Meal Dominates the Market

The preparation of steam-dried fish meals involves pressing water out of fish residues using high-pressure steam without affecting any important element of the nutrient it contains. The temperature range during operation is maintained at 90 °C, under severe fluctuations between 80°C-150°C. The segmental growth is attributed to the nutritional profile, processing efficiency, and the various applications in animal nutrition.

Aquaculture Feed Segment to Hold a Considerable Market Share

Aquaculture feed is the major application in the fish meal market owing to its high demand. As the aquaculture sector develops rapidly to keep pace with an increasing world population's craving for seafood, the consumption levels for fish meals in aquaculture feed production remain very high.

Regional Outlook

The global semi-skimmed fish meal market is further segmented based on geography including North America (the US, and Canada), Europe (the UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).

Asia-Pacific Leads the Market

Asia-Pacific dominates the semi-skimmed fish meal market. The region has big business in fish farming, which includes many large fish farms, creating substantial interest in half fish meal, which is an important protein source in fish feeds. The fast-growing population and the rise in disposable income are contributing significantly to the regional market growth. The rich fishery potential of Asia-Pacific manages to support the ongoing availability of unprocessed materials meant for producing fish meals. Besides, the region's dominance in semi-skinned fish meal markets is enhanced through investment in feed-producing infrastructure promoting the growth of aquaculture.

North America to Grow Most Rapidly

The semi-skimmed fish meal market is believed to grow most rapidly in North America owing to the region's need for environment-friendly protein sources, mainly used in aquaculture. The state offers the assistance of eco-friendly fish farming methods and specific legal norms that regulate these issues. Additionally, semi-skimmed fish meal is used in aqua feeds more often attributed to the changes in technology and innovation. Additionally, the increased awareness among consumers is contributing to market growth.

Market Players Outlook

The major companies serving the global semi-skimmed fish meal market include Archer Daniels Midland Co., Cermaq Group AS, Corpesca SA, Nissui Corp., and TASA Foods Pvt. Ltd., among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers and acquisitions to stay competitive in the market.

Product Code: OMR2028723

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Market Trends
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
3.2. Archer Daniels Midland Co.
- 3.2.1. Overview
- 3.2.2. Financial Analysis
- 3.2.3. SWOT Analysis
- 3.2.4. Recent Developments
3.3. Cermaq Group AS
- 3.3.1. Overview
- 3.3.2. Financial Analysis
- 3.3.3. SWOT Analysis
- 3.3.4. Recent Developments
3.4. Nissui Corp.
- 3.4.1. Overview
- 3.4.2. Financial Analysis
- 3.4.3. SWOT Analysis
- 3.4.4. Recent Developments
3.5. Key Strategy Analysis

4. Market Segmentation

4.1. Global Semi-Skimmed Fish Meal Market by Type
- 4.1.1. Flame Dried (FD) Fish Meal
- 4.1.2. Steam Dried (SD) Fish Meal
4.2. Global Semi-Skimmed Fish Meal Market by Application
- 4.2.1. Aquaculture Feed
- 4.2.2. Poultry Feed
- 4.2.3. Pig Feed
- 4.2.4. Ruminant Feed
- 4.2.5. Pet Food

5. Regional Analysis

5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
- 5.4.1. Latin America
- 5.4.2. Middle East & Africa

6. Company Profiles

6.1. Austevoll Seafood ASA
6.2. Austral Fisheries
6.3. Adisseo
6.4. Cargill, Inc.
6.5. Chishan Group Import And Export Co., Ltd.
6.6. Coomarpes
6.7. Corpesca SA
6.8. Daybrook Fisheries, Inc.
6.9. Pesquera Exalmar S.A.A.
6.10. Pesquera Hayduk S.A
6.11. Fengyu Halobios
6.12. FF Skagen
6.13. Havsbrun P/F
6.14. Iceland Pelagic
6.15. Kodiak Fishmeal Co.
6.16. Omega Protein
6.17. Rongcheng Blue Ocean Biotech
6.18. TASA Foods Pvt. Ltd.

Product Code: OMR2028723

LIST OF TABLES

1. Global Semi-Skimmed Fish Meal Market Research And Analysis By Type, 2023-2031 ($ Million)
2. Global Flame Dried (FD) Semi-Skimmed Fish Meal Market Research And Analysis By Region, 2023-2031 ($ Million)
3. Global Steam Dried (SD) Semi-Skimmed Fish Meal Market Research And Analysis By Region, 2023-2031 ($ Million)
4. Global Semi-Skimmed Fish Meal Market Research And Analysis By Application, 2023-2031 ($ Million)
5. Global Semi-Skimmed Fish Meal For Aquaculture Feed Market Research And Analysis By Region, 2023-2031 ($ Million)
6. Global Semi-Skimmed Fish Meal For Poultry Feed Market Research And Analysis By Region, 2023-2031 ($ Million)
7. Global Semi-Skimmed Fish Meal For Pig Feed Market Research And Analysis By Region, 2023-2031 ($ Million)
8. Global Semi-Skimmed Fish Meal For Ruminant Feed Market Research And Analysis By Region, 2023-2031 ($ Million)
9. Global Semi-Skimmed Fish Meal For Pet Food Market Research And Analysis By Region, 2023-2031 ($ Million)
10. Global Semi-Skimmed Fish Meal Market Research And Analysis By Region, 2023-2031 ($ Million)
11. North American Semi-Skimmed Fish Meal Market Research And Analysis By Country, 2023-2031 ($ Million)
12. North American Semi-Skimmed Fish Meal Market Research And Analysis By Type, 2023-2031 ($ Million)
13. North American Semi-Skimmed Fish Meal Market Research And Analysis By Application, 2023-2031 ($ Million)
14. European Semi-Skimmed Fish Meal Market Research And Analysis By Country, 2023-2031 ($ Million)
15. European Semi-Skimmed Fish Meal Market Research And Analysis By Type, 2023-2031 ($ Million)
16. European Semi-Skimmed Fish Meal Market Research And Analysis By Application, 2023-2031 ($ Million)
17. Asia-Pacific Semi-Skimmed Fish Meal Market Research And Analysis By Country, 2023-2031 ($ Million)
18. Asia-Pacific Semi-Skimmed Fish Meal Market Research And Analysis By Type, 2023-2031 ($ Million)
19. Asia-Pacific Semi-Skimmed Fish Meal Market Research And Analysis By Application, 2023-2031 ($ Million)
20. Rest Of The World Semi-Skimmed Fish Meal Market Research And Analysis By Region, 2023-2031 ($ Million)
21. Rest Of The World Semi-Skimmed Fish Meal Market Research And Analysis By Type, 2023-2031 ($ Million)
22. Rest Of The World Semi-Skimmed Fish Meal Market Research And Analysis By Application, 2023-2031 ($ Million)

LIST OF FIGURES

1. Global Semi-Skimmed Fish Meal Market Share By Type, 2023 Vs 2031 (%)
2. Global Flame Dried (FD) Semi-Skimmed Fish Meal Market Share By Region, 2023 Vs 2031 (%)
3. Global Steam Dried (SD) Semi-Skimmed Fish Meal Market Share By Region, 2023 Vs 2031 (%)
4. Global Semi-Skimmed Fish Meal Market Share By Application, 2023 Vs 2031 (%)
5. Global Semi-Skimmed Fish Meal For Aquaculture Feed Market Share By Region, 2023 Vs 2031 (%)
6. Global Semi-Skimmed Fish Meal For Poultry Feed Market Share By Region, 2023 Vs 2031 (%)
7. Global Semi-Skimmed Fish Meal For Pig Feed Market Share By Region, 2023 Vs 2031 (%)
8. Global Semi-Skimmed Fish Meal For Ruminant Feed Market Share By Region, 2023 Vs 2031 (%)
9. Global Semi-Skimmed Fish Meal For Pet Food Market Share By Region, 2023 Vs 2031 (%)
10. Global Semi-Skimmed Fish Meal Market Share By Region, 2023 Vs 2031 (%)
11. US Semi-Skimmed Fish Meal Market Size, 2023-2031 ($ Million)
12. Canada Semi-Skimmed Fish Meal Market Size, 2023-2031 ($ Million)
13. UK Semi-Skimmed Fish Meal Market Size, 2023-2031 ($ Million)
14. France Semi-Skimmed Fish Meal Market Size, 2023-2031 ($ Million)
15. Germany Semi-Skimmed Fish Meal Market Size, 2023-2031 ($ Million)
16. Italy Semi-Skimmed Fish Meal Market Size, 2023-2031 ($ Million)
17. Spain Semi-Skimmed Fish Meal Market Size, 2023-2031 ($ Million)
18. Rest Of Europe Semi-Skimmed Fish Meal Market Size, 2023-2031 ($ Million)
19. India Semi-Skimmed Fish Meal Market Size, 2023-2031 ($ Million)
20. China Semi-Skimmed Fish Meal Market Size, 2023-2031 ($ Million)
21. Japan Semi-Skimmed Fish Meal Market Size, 2023-2031 ($ Million)
22. South Korea Semi-Skimmed Fish Meal Market Size, 2023-2031 ($ Million)
23. Rest Of Asia-Pacific Semi-Skimmed Fish Meal Market Size, 2023-2031 ($ Million)
24. Latin America Semi-Skimmed Fish Meal Market Size, 2023-2031 ($ Million)
25. Middle East And Africa Semi-Skimmed Fish Meal Market Size, 2023-2031 ($ Million)