North America Fishmeal Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Source (Salmon, Mackerel, Anchovy, Capelin, and Others) and Application (Fertilizers, Animal Feed, and Others)
The fishmeal market in North America is expected to grow from US$ 1,208.19 million in 2021 to US$ 2,040.86 million by 2028; it is estimated to grow at a CAGR of 7.8% from 2021 to 2028.
The US, Canada, and Mexico are major economies in North America. Industrial livestock production has undergone substantial transformation due to technological advancements in animal vaccinations and antibiotics. According to the Food and Agriculture Organization (FAO), more than half of the world's pork and poultry, one-tenth of beef and mutton, and more than two-thirds of egg supply have originated from industrial livestock production. The development of industrial livestock production across the world has led to a significant rise in the demand for highly nutritious animal feed products. The surge in the industrial production of mutton, beef, pork, and poultry compared to grazing and mixed farming has necessitated the demand for high-grade animal feed, which, in turn, is boosting the demand for feed ingredients, including fishmeal. Fishmeal helps in enhancing feed efficiency and improving feed palatability, digestion, nutrient uptake, and absorption. Industrial livestock production has ensured a high volume of meat production at low cost by taking advantage of economies of scale. The availability of dairy and meat products at low prices has led to an increase in their consumption and thereby contributed to the growth of the industrial livestock production industry. The robust growth witnessed by the industrial livestock production sector has spurred the demand for high-quality animal feed used in rearing a range of livestock, including cattle, swine, goats, chicken, fish, and shrimps. The crucial role played by industrial livestock production in meeting the nutritional requirement of humans worldwide has led to the proliferation of industrial livestock farms across the world and augmented the sale of animal feed and its ingredients. Thus, the rise in industrial livestock production is fueling the market growth of fishmeal, as fishmeal is used as a natural protein-rich ingredient in animal feed.
As the COVID-19 outbreak affected the supply and distribution chain to a large extent, operations of various markets, including the fishmeal market, were largely affected, as it resulted in the unavailability of raw materials due to lockdown in many supplying countries.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America fishmeal market. The North America fishmeal market is expected to grow at a good CAGR during the forecast period.
North America Fishmeal Market Revenue and Forecast to 2028 (US$ Million)
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North America Fishmeal Market Segmentation
North America Fishmeal Market – By Source
- Salmon
- Mackerel
- Anchovy
- Capelin
- Others
North America Fishmeal Market – By Application
- Animal Feed
- Agriculture
- Others
North America Fishmeal Market, by Country
- US
- Canada
- Mexico
North America Fishmeal Market - Companies Mentioned
- COPEINCA
- Oceana Group Limited
- Omega Protein Corporation
- Pelagia AS
- Soytex LTD
- The Scoular Company
- TripleNine
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Fishmeal Market, by Source
1.3.2 North America Fishmeal Market, by Application
1.3.3 North America Fishmeal Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. North America Fishmeal Market Landscape
4.1 Market Overview
4.2 North America Pest Analysis
4.2.1 North America: Pest Analysis
4.3 Expert’s Opinion
5. North America Fishmeal Market –Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Industrial Livestock Production
5.1.2 Rising Need for Protein Rich Animal Feed
5.2 Market Restraints
5.2.1 Presence of Substitutes
5.3 Market Opportunities
5.3.1 Aquaculture Witnessing Growth
5.4 Future Trends
5.4.1 Growing Need to Boost Agricultural Productivity
5.5 Impact Analysis of Drivers and Restraint
6. Fishmeal Market – North America Analysis
6.1 North America Fishmeal Market Overview
6.2 North America Fishmeal Market –Revenue and Forecast to 2028 (US$ Mn)
7. North America Fishmeal Market Analysis – By Source
7.1 Overview
7.2 North America Fishmeal Market, By Source (2020 and 2028)
7.3 Salmon
7.3.1 Overview
7.3.2 Salmon: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)
7.4 Mackerel
7.4.1 Overview
7.4.2 Mackerel: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)
7.5 Anchovy
7.5.1 Overview
7.5.2 Anchovy: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)
7.6 Capelin
7.6.1 Overview
7.6.2 Capelin: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)
7.7 Others
7.7.1 Overview
7.7.2 Others: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)
8. North America Fishmeal Market Analysis – By Application
8.1 Overview
8.2 North America Fishmeal Market, By Application (2020 and 2028)
8.3 Animal Feed
8.3.1 Overview
8.3.2 Animal Feed: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)
8.4 Agriculture
8.4.1 Overview
8.4.2 Agriculture: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)
8.5 Others
8.5.1 Overview
8.5.2 Others: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)
9. North America Fishmeal Market– Country Analysis
9.1 Overview
9.1.1 North America: Fishmeal Market, by Key Country
9.1.1.1 US: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)
9.1.1.1.1 US: Fishmeal Market, by Source
9.1.1.1.2 US: Fishmeal Market, by Application
9.1.1.2 Canada: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)
9.1.1.2.1 Canada: Fishmeal Market, by Source
9.1.1.2.2 Canada: Fishmeal Market, by Application
9.1.1.3 Mexico: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)
9.1.1.3.1 Mexico: Fishmeal Market, by Source
9.1.1.3.2 Mexico: Fishmeal Market, by Application
10. Impact of COVID-19 Pandemic on North America Fishmeal Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 OCEANA GROUP LIMITED
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Omega Protein Corporation
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Pelagia AS
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 TASA
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 The Scoular Company
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 COPEINCA
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Soytex LTD
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Fishmeal Market –Revenue and Forecast to 2028 (US$ Mn)
Table 2. US Fishmeal Market, by Source– Revenue and Forecast to 2028 (US$ Mn)
Table 3. US Fishmeal Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 4. Canada: Fishmeal Market, by Source– Revenue and Forecast to 2028 (US$ Mn)
Table 5. Canada Fishmeal Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 6. Mexico Fishmeal Market, by Source– Revenue and Forecast to 2028 (US$ Mn)
Table 7. Mexico Fishmeal Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 8. Glossary of Terms, North America Fishmeal Market
LIST OF FIGURES
Figure 1. North America Fishmeal Market Segmentation
Figure 2. North America Fishmeal Market Segmentation – By Country
Figure 3. North America Fishmeal Market Overview
Figure 4. North America Fishmeal Market, By Source
Figure 5. North America Fishmeal Market, By Country
Figure 6. Expert Opinion
Figure 7. North America Fishmeal Market Impact Analysis of Drivers and Restraint
Figure 8. North America Fishmeal Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 9. North America Fishmeal Market Revenue Share, By Source (2020 and 2028)
Figure 10. North America Salmon: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 11. North America Mackerel: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 12. North America Anchovy: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 13. North America Capelin: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 14. North America Others: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 15. North America Fishmeal Market Revenue Share, By Application (2020 and 2028)
Figure 16. North America Animal Feed: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 17. North America Agriculture: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 18. North America Others: Fishmeal Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 19. North America: Fishmeal Market, by Key Country– Revenue (2020) (US$ Mn)
Figure 20. North America: Fishmeal Market Revenue Share, by Key Country (2020 and 2028)
Figure 21. US: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)
Figure 22. Canada: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)
Figure 23. Mexico: Fishmeal Market–Revenue and Forecast to 2028 (US$ Mn)
Figure 24. Impact of COVID-19 Pandemic in North America
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- COPEINCA
- Oceana Group Limited
- Omega Protein Corporation
- Pelagia AS
- Soytex LTD
- The Scoular Company
- TripleNine
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America fishmeal market
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the fishmeal market, as well as those hindering it
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