Summary

Overview
Global Fish oil for Aquafeed Market reached US$ 2.56 billion in 2022 and is expected to reach US$ 3.53 billion by 2030, growing with a CAGR of 4.1% during the forecast period 2023-2030.
The global Fish oil for Aquafeed market has witnessed significant growth and transformations over the years. The aquaculture industry is mainly adopting these fish oils as they are rich in omega-3 fatty acids, which helps in improving the growth and development of fish that are particularly raised for human consumption. Hence it can lead to driving the global fishoils in the aquafeeds market.
Furthermore, aquafeeds containing fish oils are more widely adopted than other conventional feeds as they enhance the immune system of fish, and they also help in improving the cell membrane integrity. They also improve the reproduction rate in fish which helps in producing high-quality fish, which can lead to an increase in the adoption of fish oils in aqua feeds.
Additionally, many food safety authorities are launching approvals for using fish oils to provide high-quality products in order to attract larger consumer bases. For instance, in June 2023, the Norwegian Food Safety Authority approved Aquaterra Omega-3 oil for use in fish feed applications. Aquaterra is derived from Nuseed Omega-3 Canola. It is the world's first plant-based source of DHA, EPA, and ALA. Such approvals can help in increasing the usage of fish oils in aqua feeds.
Dynamics
Increase in Demand for High-quality Fishes
The demand for high-quality fishes are increasing as consumers are becoming more health-conscious which increases the demand for fish oils in aqua feeds, as the fish oils help improve the nutritional quality of fish and enhance their omega-3 content which provides numerous health benefits for humans, and enhances their pigmentation in some species such as salmon, trout making them more visually appealing to consumers. such factors help in increasing the demand for fish oils in aquafeeds.
Furthermore, many manufacturing companies are launching innovative products in order to attract a large consumer base. For instance, in April 2023, MiAlgae company launched NaturalAlage, an omega-3 product. It is a dry powder with a high concentration of DHA and other oils that can be added to recipes for aquafeeds, providing the well-known health benefits that omega-3 provides. Such product launches can help in increasing market growth.
Raising Demand for Nutritious Feed
The aquaculture industries and farmers are seeking other alternatives to traditional feeds as the demand for global sed foods is increasing which increases the demand for fish oil in aquafeeds as they enhance the omega-3 fatty acids which help in promoting the health growth and development of fish. Hence, it leads increase in the adoption of fish oils in aqua feeds.
Furthermore, many key players are producing high-quality products in order to attract large scale consumers. For instance, Alga Prime DHA is being produced at TerraVia and Bunge Ltd’s joint venture facility in Brazil. New aquafeed ingredient An algal oil with a high DHA content is set to be incorporated into salmonid aquafeeds. Such product helps increase in adoption rate of fish oils in aquafeeds.
Less Awarness
Consumers who are not aware of the nutritional benefits associated with fish oil-enriched aquaculture products might not prioritize these products when making purchasing decisions. Some small scale aquafarmers are adopting other alternatives, which coild cause declination in fishoils in aqua feeds market growth.
Furthermore, due to less awarness about the benefits caused by fish oils many farmers and aquafarming industries are not aware abou the government subisidies. For instance, the government of India launched, Pradhan Mantri Matsya Sampada has been approved at a total estimated investment of Rs. 20,050 crores comprising of Central share of Rs. 9407 crores, State share of Rs 4880 crores and Beneficiaries contribution of Rs. 5763 crores, the aim of this scheme is enhancing of fish production and productivity through expansion, intensification, diversification and productive utilization of land and water.
Segment Analysis
The global fish oil for the aquafeed market is segmented based on type, additives, aquatic species, distribution channel, application and region.
Increase in Demand for Effective Fish Feeds
Powder feeds segment holds the maximum share in global fish oils in the aqua feeds market. The aquafarming industries are attracted to powder feeds as they provide convenience, and are easily dissolved in water. They also provide a sufficient amount of omega-3 fatty acids which help in improving the growth, and reproduction rate, and enhance the immune system. It also helps in reducing heart-related issues in fish, hence, it can lead to an increase in the adoption rate of fish oils in aqua feeds.
Furthermore, many manufacturing companies are producing innovative products in order to attract larger consumers and help them obtain higher productivity. For instance, in January 2020, Alask Omega company launched Alask Omega, This is the first powder launched by AlaskOmega, and is the newest addition to their omega-3 concentrate line. It delivers 200 mg/g of EPA and DHA. Such products help in driving the market.
Geographical Penetration
Increase in Consumption Rate and Government Subsidies
Asia-Pacific has been a dominant force in the global fish oil for aquafeed market and its significance has only grown in the post-2020 era. The aquaculture farmers are adopting the fish oil in aquafeed as these fatty acids play a crucial role in the growth, development, and maintenance of fish. They are essential for various biological functions, including cell membrane integrity, immune system support, and reproduction. Hence, it increases in adoption rate.
Furthermore, the consumers in this region are highly attracted to seafood as it provides numerous health benefits that help increase the seafood consumption rate. For instance, according to the Department of Agriculture, Fisheries and Forestry report of 2022, the seafood consumption in Australia was 356kt in 2020-21, this helped in increasing the adoption of fish oils in aqua feeds.
Additionally, the government in this region is launching many schemes Development of Fresh Aquaculture (FFDAs), in this scheme the government is providing a subsidy for the construction of new ponds the subsidy of 20% along with a ceiling of Rs. 2lakh INR and a ceiling of 40,000INR for all Farmers, such schemes help in increasing the adoption rate of fish oils in aqua feeds.
Competitive Landscape
The major global players in the market include Darling Ingredients Inc., SARIA Group, Lican Food, Puretein Agri LLC., Veos Group, European Fishmeal, Cargill, Incorporated, Nutreco N.V, Alltech and Aller Aqua Group.
COVID-19 Impact Analysis
The pandemic has brought a disruption in the supply chain, due to government lockdown restrictions many manufacturing companies have shut down which has caused a limitation in the availability of raw materials in the market, which has led to less adoption by aquaculture farming. This has led to a negative impact on fish oils for the aquafeed market.
Russia-Ukraine War Impact Analysis
The ongoing conflict between Russia and Ukraine had brought a disruption in the country economy , many manufacturing companies has shut down due to less availability of raw matterials, exports and imports rate, this has led to decrease in availability of products, which had led to negitive impact on gloal fishoils for aquafeeds.
By Type
• Extruded Feed
• Pellet Feed
• Powder Feed
• Wet Feed
• Others
By Additives
• Amino Acids
• Vitamins & Minerals
• Probiotics & Prebiotics
• Feed Enzymes
• Antibiotics
• Antioxidants
• Amino acids
• Feed Acidifiers
• Others
By Aquatic Species
• Fishes Feeds
• Mollusks Feeds
• Crustaceans Feeds
• Others
By Distribution Channel
• Company Stores
• E-Commerce
• Hypermarkets/Supermarkets
• Specialty Stores
• Others
By Application
• Marine Feeding
• Fresh Water Feeding
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Russia
o Rest of Europe
• South America
o Brazil
o Argentina
o Rest of South America
• Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
• Middle East and Africa
Key Developments
• In May 2023, CPM manufactures feed mills, pelleting equipment and automation products, and has acquired the Taiwan-based IDAH business to expand our global position in the aqua feed, pet food and plant-based protein processing markets.
• In September 2021, The Conservation Fund’s Freshwater Institute, an internationally-renowned research and development program focused on recirculating aquaculture systems (RAS), and Cargill, a global leader in solutions for animal feeds, announced a multi-year agreement to develop, evaluate and enhance feeds for the growing land-based aquaculture industry.
Why Purchase the Report?
• To visualize the global fish oil for aquafeed market segmentation based on type, additives, aquatic species, distribution channel, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of fish oil for aquafeed market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.
The global Fish oil for Aquafeed market report would provide approximately 73 tables, 82 figures and 206 Pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

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Table of Contents

1. Methodology and Scope
1.1. Research Methodology
1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary
3.1. Snippet by Type
3.2. Snippet by Additives
3.3. Snippet by Aquatic Species
3.4. Snippet by Distribution Channel
3.5. Snippet by Application
3.6. Snippet by Region
4. Dynamics
4.1. Impacting Factors
4.1.1. Drivers
4.1.1.1. Increase in Demand for High-quality Fishes
4.1.1.2. Raising Demand for Nutritious Feed
4.1.2. Restraints
4.1.2.1. Less Awarness
4.1.3. Opportunity
4.1.4. Impact Analysis
5. Industry Analysis
5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
6. COVID-19 Analysis
6.1. Analysis of COVID-19
6.1.1. Scenario Before COVID
6.1.2. Scenario During COVID
6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion
7. By Type
7.1. Introduction
7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
7.1.2. Market Attractiveness Index, By Type
7.2. Extruded Feed*
7.2.1. Introduction
7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Pellet Feed
7.4. Powder Feed
7.5. Wet Feed
7.6. Others
8. By Additives
8.1. Introduction
8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Additives
8.1.2. Market Attractiveness Index, By Additives
8.2. Amino Acids*
8.2.1. Introduction
8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Vitamins & Minerals
8.4. Probiotics & Prebiotics
8.5. Antibiotics
8.6. Amino Acids
8.7. Feed Acidifiers
8.8. Others
9. By Aquatic Species
9.1. Introduction
9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Aquatic Species
9.1.2. Market Attractiveness Index, By Aquatic Species
9.2. Fishes Feeds*
9.2.1. Introduction
9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Mollusks Feeds
9.4. Crustaceans Feeds
9.5. Others
10. By Distribution Channel
10.1. Introduction
10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
10.1.2. Market Attractiveness Index, By Distribution Channel
10.2. Company Stores*
10.2.1. Introduction
10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
10.3. E-Commerce
10.4. Hypermarkets/Supermarkets
10.5. Specialty Stores
10.6. Others
11. By Application
11.1. Introduction
11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.1.2. Market Attractiveness Index, By Application
11.2. Marine Feeding*
11.2.1. Introduction
11.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
11.3. Fresh Water Feeding
11.4. Others
12. By Region
12.1. Introduction
12.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
12.1.2. Market Attractiveness Index, By Region
12.2. North America
12.2.1. Introduction
12.2.2. Key Region-Specific Dynamics
12.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
12.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Additives
12.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Aquatic Species
12.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
12.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
12.2.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
12.2.8.1. U.S.
12.2.8.2. Canada
12.2.8.3. Mexico
12.3. Europe
12.3.1. Introduction
12.3.2. Key Region-Specific Dynamics
12.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
12.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Additives
12.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Aquatic Species
12.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
12.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
12.3.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
12.3.8.1. Germany
12.3.8.2. UK
12.3.8.3. France
12.3.8.4. Italy
12.3.8.5. Russia
12.3.8.6. Rest of Europe
12.4. South America
12.4.1. Introduction
12.4.2. Key Region-Specific Dynamics
12.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
12.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Additives
12.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Aquatic Species
12.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
12.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
12.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
12.4.8.1. Brazil
12.4.8.2. Argentina
12.4.8.3. Rest of South America
12.5. Asia-Pacific
12.5.1. Introduction
12.5.2. Key Region-Specific Dynamics
12.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
12.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Additives
12.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Aquatic Species
12.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
12.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
12.5.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
12.5.8.1. China
12.5.8.2. India
12.5.8.3. Japan
12.5.8.4. Australia
12.5.8.5. Rest of Asia-Pacific
12.6. Middle East and Africa
12.6.1. Introduction
12.6.2. Key Region-Specific Dynamics
12.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
12.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Additives
12.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Aquatic Species
12.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
12.6.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
13. Competitive Landscape
13.1. Competitive Scenario
13.2. Market Positioning/Share Analysis
13.3. Mergers and Acquisitions Analysis
14. Company Profiles
14.1. Darling Ingredients Inc.*
14.1.1. Company Overview
14.1.2. Product Portfolio and Description
14.1.3. Financial Overview
14.1.4. Key Developments
14.2. SARIA Group
14.3. Lican Food
14.4. Puretein Agri LLC.
14.5. Veos Group
14.6. European Fishmeal
14.7. Cargill, Incorporated
14.8. Nutreco N.V
14.9. Alltech.
14.10. Aller Aqua Group
LIST NOT EXHAUSTIVE
15. Appendix
15.1. About Us and Services
15.2. Contact Us