Fishmeal & Fish Oil Market – Growth, Statistics, By Application, Production, Revenue & Forecast To 2033
The fishmeal and fish oil market is anticipated to reach a value of US$ 7.4 billion in 2023 and US$ 13.0 billion in 2033. During the projection period, fishmeal and fish oil sales are anticipated to expand at a substantial CAGR of 5.8%. The production of fishmeal and fish oil is expected to increase moderately in the coming years as a result of improved by-product utilization and a growing aquaculture industry. According to the OECD, aquaculture’s contribution to global fish culture will continue to grow and will surpass that of fisheries by 2024. Aquaculture production is expected to reach 105 million tons by 2029, ten million tons more than the capture sector. Find a comprehensive report summary that describes the market size and forecast along with the research methodology. The Sample report is available in PDF format As feed demand has increased in tandem with increased aquaculture production, the inclusion of fish meal and fish oil in feed reci...