Defatted Fish Meal Market Supply and Demand Analysis - Global Outlook and Forecast 2024-2030 (Production and Consumption Analysis)
Global Defatted
Fish Meal Market continues to demonstrate steady growth, valued
at US$ 6.06 billion in 2023 with projections indicating
expansion to US$ 8.25 billion by 2030, reflecting a CAGR of
4.4% during the forecast period. This growth trajectory is primarily
driven by rising aquaculture production, increasing demand for high-protein
animal feed, and the nutritional benefits of defatted fish meal in livestock
and pet food applications.
Defatted fish meal, produced by removing oils from whole
fish or fish trimmings, has become an essential protein source for aquaculture
operations worldwide. Unlike conventional fish meal, its lower fat content
enhances shelf stability while maintaining high protein concentrations -
typically between 65-72%. With major aquaculture nations scaling up production
to meet global seafood demand, the market shows no signs of slowing down.
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Market Overview & Regional Analysis
Asia-Pacific leads global consumption, accounting for over
45% of the defatted fish meal market, with China's massive aquaculture industry
driving demand. The region benefits from proximity to major fish processing
centers and growing investments in shrimp and fish farming operations. Latin
America follows closely, particularly Peru and Chile, where the anchovy fishery
supports substantial fish meal production capacity.
Europe maintains strong demand due to stringent aquaculture
feed regulations favoring sustainable protein sources. Meanwhile, North America
shows growing interest in defatted fish meal for premium pet food applications
and specialty livestock feeds. Africa remains an emerging market with untapped
potential, particularly in Nile tilapia and catfish farming operations.
Key Market Drivers and Opportunities
The market thrives on several key factors: aquaculture
expansion (projected to grow at 4-5% annually through 2030), rising
seafood consumption, and increased focus on feed efficiency.
The product's high digestibility and balanced amino acid profile make it
particularly valuable for shrimp and salmon farming, where feed constitutes
50-70% of production costs.
Emerging opportunities include the development of
specialized defatted fish meals for different aquaculture species and life
stages. Technological advancements in low-temperature processing help preserve
protein quality, while traceability initiatives address sustainability
concerns. The pet food sector also presents growth potential as premiumization
trends drive demand for high-protein formulations.
Challenges & Restraints
The market faces significant headwinds, including volatility
in raw material supply due to El Niño effects on key fisheries like
Peruvian anchovy. Environmental regulations continue tightening, with some
regions imposing stricter catch limits. Alternatives like plant-based proteins
and insect meal are gaining traction, though they currently lack the complete
nutritional profile of fish meal.
Price competition remains intense, exacerbated by
fluctuating fish oil markets. Some regions also face logistical challenges in
maintaining product quality during transport and storage. Consumer perception
issues regarding marine ingredient sustainability continue influencing
purchasing decisions in certain markets.
Market Segmentation by Type
- Anchovy-based
- Menhaden-based
- Sardine-based
- Other
Fish Species
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Market Segmentation by Application
- Aquaculture
Feed
- Poultry
Feed
- Pet
Food
- Swine
Feed
- Others
Market Segmentation and Key Players
- TASA
- FF
Skagen
- Diamante
- SÜRSAN
- Austevoll
- Exalmar
- Oceana
Group
- Copeinca
- Corpesca
- Omega
Protein
- Rongcheng
Blue Ocean Marine Bio
- Kodiak
Fishmeal Company
- HAYDUK
- Mukka
Sea Food Industries
- Animalfeeds
International Corporation
Report Scope
This report presents a comprehensive analysis of the global
and regional defatted fish meal markets from 2024 through 2030. The research
includes detailed examination of:
- Current
market size and projected growth trajectories
- Volume
and value chain analysis
- Detailed
segmentation by source species and application
- Regional
production and consumption patterns
Additionally, the report provides in-depth profiles of major
market participants, covering:
- Production
capacities and plant locations
- Product
specifications and quality parameters
- Sales
performance and market share analysis
- Strategic
initiatives and partnerships
The research incorporates primary interviews with industry
executives, analysis of trade flows, and assessment of regulatory frameworks
across key markets. Competitive factors such as product differentiation,
pricing strategies, and sustainability credentials are evaluated in detail.
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