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    Home > Food News > Food Articles > Experts predict that the global fishmeal and fish oil market will be worth $15.8 billion by 2027

    Experts predict that the global fishmeal and fish oil market will be worth $15.8 billion by 2027

    • Last Update: 2022-09-20
    • Source: Internet
    • Author: User
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    Fishmeal fish oil
     
    Fishmeal is an excellent high-protein feed ingredient that is used in almost every aspect of intensive farming, most of the fishmeal is concentrated in developing countries like China, which remains by far the largest single market, and europe continues to lead the market
    with Latin America in fish oil.
     
    Fishmeal and fish oil are mainly used in animal feed for agriculture and aquaculture, the European Union is one of the important consumers of fish feed, in the EU region, fishmeal is mainly used in aquaculture, pig farming and poultry industry
    .
     
    Considered a special source of protein for all farmed and aquaculture animals, fishmeal is rich in essential amino acids, particularly lysine, cysteine, methionine and tryptophan, with global fishmeal production falling by 27% and global fish oil production down 24%
    in 2019 compared to 2018.
     
    Peruvian fishmeal production reached 796384 tonnes in 2019, down 43.
    3% from 2018, a decrease mainly due to lower anchovy quotas in the first season and early closures
    in the second season.
     
    According to industry experts, fishmeal and fish oil have a significant appeal in the industry, and companies new to the industry will emphasize the design and development of innovative products to meet the growing demands
    of end users.
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