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Global Fishmeal Market Outlook 2017-2026: Market accounted for $6.26 billion in 2017 and is expected to reach $11.96 billion by 2026 – ResearchAndMarkets.com

The “Fishmeal
– Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s
offering.

The Global Fishmeal Market accounted for $6.26 billion in 2017 and is
expected to reach $11.96 billion by 2026 growing at a CAGR of 7.4%
during the forecast period.

Growing demand for naturally sourced protein additives in animal feed,
rising consumption of fish as a main food in different regions and
increasing number of individuals inclined towards non-vegetarian dishes
are some of the key driving factors for the market growth. However, high
cost fluctuations and rising substitutes of fishmeal products are some
of the factors hindering the market growth.

Moreover, the market players have enough opportunity to come up with new
and improved products which is going to boost the share of fishmeal in
the global market.

Fishmeal is a commercial product mainly made from fish that are not used
for human consumption. Fish meal is more or less coarse brown flour. It
is available in powder or cake obtained by drying the fish or fish
trimmings, regularly after cooking, and then grinding it. In addition,
it is a valuable animal protein supplement and a supply of vitamins and
minerals.

By end user, the aquaculture section is currently the fastest growing
food production systems globally. Fishmeal into diets of aquatic animals
assists to decrease pollution from the wastewater effluent by providing
better nutrient digestibility. The aquaculture segment is further
categorized into salmon & trout, cyprinids, crustaceans, marine fish and
Other Aquacultures. By application, the animal feed segment is
anticipated to radiate high market attractiveness and is projected to
register a high CAGR and is likely to show dominance over the forecast
period in the global market.

By geography, Europe is anticipated to dominate the market due to the
high demand of aqua culturing. Asia Pacific excluding Japan commanded
the highest market share during the forecast period.

Some of the key players profiled in the Fishmeal Market include

For more information about this report visit https://www.researchandmarkets.com/research/s3t9mg/global_fishmeal?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180619006468/en/