Fishmeal Market Share

Fishmeal Market Share Analysis

Fishmeal Market is now undergoing enormous transformations due to changes in the global aquaculture and animal feed sectors. One key trend is the growing demand for alternative protein sources in animals' diets, particularly in aquacultures. As more people turn toward seafood products, it implies that fish are ready for the food supply chain and grown sustainably and in an eco-friendly way. Therefore, amongst other things, seafood traceability has emerged as one of the most significant contemporary policy issues needing a response from the industry. Producers are required to provide traceability systems verifying that their raw materials come from well-managed fisheries and that production processes comply with environmental regulation pressures.
The globalization that is taking place in the industries of aquaculture and animal feed has affected the fishmeal market trends. Aquaculture production is expanding to several regions, driving demand for fishmeal that meets the specific nutritional needs of different aquatic species. Technological innovations have transformed the Fishmeal Market. The use of advanced processing technologies has made fishmeal production more efficient while improving the quality of the final product. Besides this, regulatory considerations are affecting market trends in the Fishmeal Market. As environmental and ethical practices come under scrutiny by industry players, regulatory frameworks are evolving to establish standards for responsible fishery management and sustainable aquaculture. This has led to a priority being placed on compliance with these regulations; hence, producers are investing in certifications and observing best practices. Clear guidelines enhance the credibility of fishmeal products and enable consumers to develop trust.
Industrial livestock farming has witnessed significant changes due to progress made in animal immunization and antibiotic technology. According to the FAO, more than half of global pigmeat and poultry meat production, one-tenth of beef and mutton output, and over two-thirds of worldwide egg supply come from industrial livestock systems. In addition, market research reveals an increase in industrial farming methods for sheep, cattle, pigs, and chickens at the expense of traditional grazing or mixed farming approaches. Consequently, there is a growing demand for improved animal feedstuffs, prompting an upsurge in essential feed additives such as fish meal. Furthermore, growth in the global industrial livestock sector necessitates quality feeds that cater to different types like cattle swine besides other ruminants, birds, fishes, and crustaceans, including shrimps, among others. The consequent growing consumption enforces the thriving state of the industry, resulting in increasing utilization rates since this kind of natural protein-rich feed also encourages its growth. Typical fishmeal contains 64-67% crude protein and about 12% fat, according to the International Fishmeal and Fish Oil Association (IFFO).