The US fishmeal and fish oil market is estimated to display a rapid CAGR of 8.2% during the forecast period. Fishmeal and fish oil industry growth in the US is attributed to rise in per capita disposable income, which has facilitated higher-margin purchases of fish oil and dietary supplements as well as growing interest in the health benefits of fish oil consumption. The country also has a well-grown rapidly rising aquaculture industry, which is one of the major growth enablers for fishmeal and fish oil market. US has favourable climatic conditions which supports the habitation and growth of aquaculture species. In addition, the positive measures taken by the government further propels the market growth.
Marine aquaculture in the US supports commercial fisheries, restores habitat and at-risk species, contributes to seafood supply, and maintains economic activity in coastal communities. However, the US remains a relatively minor aquaculture producer. Although a small producer, the US plays a major role in the North America aquaculture market. Applied aquaculture research and technology has improved the international competitiveness and sustainability of US aquaculture and reduced the dependency on imported seafood and threatened ocean fisheries. The country supplies advanced technology, feed, equipment, and investment capital to other producers. Moreover, freshwater aquaculture and onshore saltwater aquaculture are both important and growing US economic sectors which further boost the market growth of fishmeal and fish oil.
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US Fishmeal and Fish Oil Market Report Segment
By Type
- Salmon & Trout
- Crustaceans
- Marine Fish
- Carps
- Others (Tilapias, Eels, Crabs, and Lobsters)
By Application
- Swine
- Poultry
- Cattle
- Aquaculture
- Pets
- Others (Equine and Other Marine Species)
A full Report of US Fishmeal and Fish Oil Market is Available at: https://www.omrglobal.com/industry-reports/us-fishmeal-and-fish-oil-market
Company Profiles
- BASF SE
- Croda International PLC
- FF Skagen
- GC Rieber Oils
- Oceana Group Ltd.
- Omega Protein Corp.
- Pelagia
- Royal DSM
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