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Fish Powder Market Report Scope & Overview:

The Fish Powder Market Size was esteemed at USD 6.01 billion out of 2022 and is supposed to arrive at USD 10.64 billion by 2030, and develop at a CAGR of 7.4% over the forecast period 2023-2030.

Fish powder is gotten by drying and crushing a fish or by eliminating water and fish oil. Fish powder is likewise known by fish dinner. Fish powder has differentiated scope of uses in figuring out feed for cultivated fish, pigs, canines, dairy cattle, and poultry. Fish powder is a fundamental supplement for creature feed as it contains amino acids, protein, unsaturated fats and different minerals. Fish powder can be made by any fish yet it is by and large produced using wild-got little marine fish that comprises of a high level of oil and bones. Certain types of oil off-putting, for example, herring, menhaden, anchovy and pilchard are the principal component of fish dinner.

Fish Powder Market Revenue Analysis

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The worldwide fish powder market is supposed to observe strong development in the estimate time of 2023 to 2030. The development of the market is significantly determined by the rising mindfulness among clients in regards to the utilization of sustained food things. Then again, the rising creation of practical food things is additionally expected to impact the development of the worldwide fish powder market. The worldwide market for fish powder is likewise projected to develop because of rising use of different fishes like hose mackerel, capelin, and anchovy in the creation fish powder. Besides the development significantly rely upon the range of fishes utilized during the creation of the fish powder.

Market Dynamics:

Driving Factors:

  • Expanding speculation for different fish species like sand eel, anchovy, capelin, pilchard, horse mackerel, and menhaden for the creation of fish powder.

  • Fish powder containing protein content that is appropriate for human utilization along with its dynamic convergence of mineral substances.

Restraining Factors:

  • Severe guidelines to confine the utilization of creature results to take care of comparative species.

Opportunities:

  • The fish powder can be applied as a useful fixing which makes it reasonable as a prepared to-eat dinner.

  • Presentation and fast development of speedy assistance eateries (qsrs).

Challenges:

  • Danger to beach front environments.

Impact of COVID-19:

In light of the COVID-19 emergency, the worldwide economy saw a defeat attributable to the cracked business tasks across the world. Its impacts were detected on the interest, creation, and supply of fish powder with plunged fishing endeavors and the procrastinated loading of hydroponics frameworks. The disturbed products of unrefined substances likewise added to the hampered supply chains of amphibian food sources. The declining inclination for meat and fish in the midst of the episode further blocked the market development.

Market Estimations:

By Source:

As far as source, the fish powder market size from the entire fish fragment is expected to thrive with the rising mechanical advancements across the fisheries. The developing interests for frozen food alongside the roaring progressions in caught fisheries are other vital elements impacting the portion development.

By Application:

In view of use, the fish powder industry is divided into hydroponics, poultry, pig, food supplement, and others. Out of these, the interest for fish powder across hydroponics will record rewarding development somewhere in the range of 2023 and 2030 driven by the universally rising inclination for fish and the flourishing hydroponics creation rate.

Key Market Segmentation:

By Source:

  • Whole Fish

  • By-Product

By Application:

Fish Powder Market Segmentation Analysis

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Regional Analysis:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Regarding regional scene, Asia Pacific is set to arise as a benefit creating hotspot for the fish powder industry driven by the higher water feed creation rate in the district. The climbing buyer family earnings and the presence of solid dietary examples have prompted the expanded admission of meat and fish. The thriving poultry and pig cultivating area will likewise lean toward the local market standpoint.

The Europe fish powder market is probably going to gather a critical compensation through 2030 with the development of the catchers' area for fisheries. The higher utilization of provincial fish and fish has cleared a path for the significant development of the hydroponics area. The mounting number of wellness aficionados has expanded the admission of protein-enhanced food items. Moreover, the rising examples of fish arrivals in the district will add to the market potential.

Key Players:

Daybrook Fisheries, Omega Protein Corporation, Rongcheng Blue Ocean Marine Bio, Alaska Seafood, Pelagia AS, United Fish Meal FZC, Seagarden AS, K-Pro U.S, LP and Calysta, Inc.

Daybrook Fisheries-Company Financial Analysis

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Fish Powder Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 6.01 Billion
Market Size by 2030 US$ 10.64 Billion
CAGR CAGR 7.4% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Source (Whole Fish, By-product)
• by Application (Swine, Aquaculture, Poultry)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Daybrook Fisheries, Omega Protein Corporation, Rongcheng Blue Ocean Marine Bio, Alaska Seafood,  Pelagia AS, United Fish Meal FZC, Seagarden AS, K-Pro U.S, LP and Calysta, Inc.
Drivers •Expanding speculation for different fish species like sand eel, anchovy, capelin, pilchard, horse mackerel, and menhaden for the creation of fish powder.
Market Challenges •Danger to beach front environments.

Frequently Asked Questions

The market value is expected to reach US$ 10.64 Billion in 2030.

Market value in 2022 US$ 6.01 Billion.

The major players in the market are Daybrook Fisheries, Omega Protein Corporation, Rongcheng Blue Ocean Marine Bio, Alaska Seafood, Pelagia AS, United Fish Meal FZC, Seagarden AS, K-Pro U.S, LP and Calysta, Inc., and others in the final report.

  • Expanding speculation for different fish species like sand eel, anchovy, capelin, pilchard, horse mackerel, and menhaden for the creation of fish powder.
  • Danger to beach front environments.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers           

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value chain analysis

6. Porter’s 5 forces model

7. PEST analysis

8. Global Fish Powder Market segmentation, By Source:

8.1 Whole Fish

8.2 By-Product

9. Global Fish Powder Market segmentation, By Application:

9.1 Swine

9.2 Aquaculture

9.3 Poultry

9.4 Others

10. Global Fish Powder Market, by region/ country

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

11. Company profiles

11.1 Daybrook Fisheries

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 Swot Analysis

11.1.4 The SNS View

11.2 Omega Protein Corporation

11.3 Rongcheng Blue Ocean Marine Bio

11.4 Alaska Seafood

11.5 Pelagia AS

11.6 United Fish Meal FZC

11.7 Seagarden AS

11.8 K-Pro U.S

11.9 LP

11.10 Calysta, Inc.

12. Competitive Landscape

12.1 Competitive Bench Marking

12.2 Market Share Analysis

12.3 Recent Developments

13. Conclusion

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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