Fish Powder Market 2020 Driving Factors, Industry Growth, Key Vendors And Forecasts To 2025

Fish Powder Market 2025 Global Leading Players, Business Overview, Size Estimation and Revenue

“Fish Powder Market Report provides in-depth analysis of industry by production, share, size, Demand, Proposition, Development, Opportunities, Growth, Economic Trends, Technologies Research, Segmentation, Key Futuristic, Investment Feasibility, Major Key Players, SWOT analysis and Forecast�

The global fish powder market 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 growth is attributed to the rising awareness of consumption of fortified foods. Increase in consumption and production of functional food is expected to further accelerate this market.

Increasing investment on different fish species such as horse mackerel, anchovy, capelin, and sand eel is expected to boost the sales. The product development is depending on the availability of a wide variety of fish species such as sardine, menhaden, capelin, anchovy and white fish such ascod and haddock.

Request Sample Copy of this Market Research @ https://www.millioninsights.com/industry-reports/global-fish-powder-market/request-sample Increasing awareness among consumers related to proteins and minerals contain in fish powder is expected to drive the market demand during the forecast period.

Increasing demand for ready to eat meal coupled with highly functional ingredients is expected to fuel the market growth. Dried fish contain large amount of protein. Therefore, it is added in ready to eat meals to enhance the protein content of the food by 30%. Growing demand of fish powder in ready to eat meal products is anticipated to proliferate the market demand.

Source Insights By source, the market is divided into whole fish and by-product. Whole fish segment accounted for the largest market share with 61.53%, in 2018. This high revenue share can be attributed to the growth of captured fisheries. Rise in the demand of frozen food coupled with advanced technology such as spiral freezer and horizontal wrapper packaging are expected to witness positive impact on market.

By-product, the segment is expected to grow at the highest CAGR of 7.8% during the forecast period. This high growth rate can be attributed to increasing production of by-product of fishes. Due to rise in this segment, it is expected that fishmeal production will increase more than 25% in the forthcoming years. In 2016, the wild capture production was 3.7 million tons compared to aquaculture production of 1.94 million tons in the same year. These factors are expected to drive the demand for this market over the forecast period.

Application Insights By application, the fish powder market is segmented into swine, aquaculture and poultry. Among application, aquaculture segment held the largest market share of 52.03% of the global market share, in 2018 owing to the increasing aquaculture production. This production has been increased from 58.96 million tons to 80.03 million tons from 2010 to 2016. Moreover, rising demand for sea food is expected to further flourish the market demand and expected to expand with CAGR of 5.15% during, 2019 to 2025.

Poultry segment is expected to grow with CAGR of 8.40% from 2019 to 2025 due to development of feed industry. The feed industry is also expected to register more than 8% CAGR in forthcoming years due to the increasing number of cattle, poultry industry, and aqua feed. The growth of the feed industry coupled with rising demand in fisheries will positively impact the market growth.

Regional Insights Asia Pacific held the largest share of 71.54%, in 2018. This is attributed to the increasing aqua feed production.

Europe is projected to witness the highest CAGR of 8.2% over the forecast period, from 2019 to 2025 due to growth in aquaculture industry. Further in Europe the aquaculture application is expected to growth at the fastest rate with a CAGR of 8.2%, during the forecast period. In addition, fisheries &aqua culture segment production accounted 6.45 billion and expected to grow at a CAGR of 6% over the forecast period. Increasing number of catchers for fisheries is expected to drive the market growth in this region.

Fish Powder Market Share Insights Increasing demand from fisheries and aqua feed is expected to pave market production and development, thereby expected to fuel market growth. Manufactures have taken several initiatives such as technological innovation, partnerships, merger and acquisition. The key market players involved in this market are Austevoll Seafood ASA, Tasa, Oceana Group Limited, Croda International Plc., The Scoular Company, FMC Corporation, Marvasa, Omega Protein Corporation, and GC Rieber Oil.

Browse Full Research Report @ https://www.millioninsights.com/industry-reports/global-fish-powder-market Table Of Contents 1 Fish Powder Overview 2 Global Fish Powder Application Estimates & Trend Analysis 3 Global Fish Powder Size and Growth Prospects

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Global Fish Powder Analysis by Region Global Fish Powder Analysis by Type Global Fish Powder Analysis by Application Global Fish Powder Manufacturers Analysis Global Fish Powder Technology and Development Trends

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