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Fish Powder Market To Experience Robust Growth Driven By Increasing Production of Aquaculture And Rising Fortified Industry Till 2025 | Million Insights

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Fish Powder Market To Experience Robust Growth Driven By Increasing Production of Aquaculture And Rising Fortified Industry Till 2025 | Million Insights

September 21
08:54 2020
Fish Powder Market To Experience Robust Growth Driven By Increasing Production of Aquaculture And Rising Fortified Industry Till 2025 | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global fish powder industry size was estimated at USD 6.64 billion, in 2018 and is projected to grow CAGR at 6.5% over the forecasted period, 2019 to 2025.

The global fish powder market size is expected to reach USD 10.32 billion by 2025, according to Million Insights, registering a 6.51% CAGR over the forecast period, from 2019 to 2025. Increasing production of aquaculture and growth in the fortified industry are major factors to drive the market growth.

Increasing fish powder usage in food fortification is projected to accelerate the market growth. In addition, rising demand for capelin, horse mackerel, anchovy in functional food is expected to give traction to the market growth. The rising trend of aqua feed farming is also anticipated to have a positive impact on the market.

To download the sample PDF of “Fish Powder Market Report” please click here: https://www.millioninsights.com/industry-reports/global-fish-powder-market/request-sample

Fish meal has high popularity in the Asia Pacific region whereas, China accounts for around 90% of total global aqua feed production. Further, China is also a major fish meal importer accounting for 0.98 million tons in 2013 and reached 1.57 million tons, in 2017. Hence growing import coupled with increasing product demand is expected to further impel market growth in China.

Rising awareness about the benefits of functional food products owing to its health benefits for swine and poultry applications is expected to drive the fish powder market growth. Improvement in production quality and geographical expansion of business by market players are expected to surge market demand over the forecast period, 2019-2025.

The market players are majorly focusing on merger and acquisition, business expansion and product development to gain competitive advantage over its competitors. The major market players involved in this market are FMC Corporation, Austevoll Seafood ASA, Oceana Group Limited, Omega Protein Corporation, and Croda International Plc.

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/global-fish-powder-market

Further key findings from the report suggest:

• Among sources, whole fish segment is projected to grow at a CAGR of 5.62% from 2019 to 2025

• By application, aquaculture segment emerged as the leading application with a market share of over 50.03%, in 2018.

• Asia Pacific held largest market share of 71.54%,in 2018, in terms of revenue due to the growing aqua feed industry especially in India and China.

• The fish powder market is highly competitive in nature with the presence of top players including Austevoll Seafood ASA, Oceana Group Limited, Croda International Plc., FMC Corporation, and Omega Protein Corporation

• Various manufacturers are concentrating on new product launches, capacity expansions, and technological innovations to estimate existing and future demand patterns from upcoming product segments.

Million Insights has segmented the global fish powder market on the basis of source, application and region:

Fish Powder Source Outlook (Revenue, USD Billion, 2015 – 2025)
    • Whole Fish
    • By-Product

Fish Powder Application Outlook (Revenue, USD Billion, 2015 – 2025)
    • Swine
    • Aquaculture
    • Poultry
    • Others

Fish Powder Regional Outlook (Revenue, USD Billion, 2015 – 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • Asia Pacific
        • China
        • Japan
        • India
    • Central & South America
    • Middle East & Africa

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About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

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