The North America fishmeal and fish oil market is estimated to grow at a substantial CAGR of 8.5% during the forecast period. Rising awareness concerning the benefits of fish oil, government support, and rising aquaculture industry are some of the primary factors driving the growth of the fishmeal and fish oil market in North America. The aquaculture industry in this region serves both domestic and international markets. The availability of suitable environment, technology, and financing for the aquaculture industry in this region boost the fishmeal and fish oil market growth. Rising demand for aquaculture-produced seafood, coupled with increased consumer demand for seafood in the diets of people is expected to propel the fishmeal and fish oil market in North America. The aquaculture sector in North America is dominated by finfish and trout, primarily channel catfish in the US and Atlantic salmon in Canada. A smaller segment is dedicated to the production of bivalve molluscan shellfish, mainly a number of species of oysters, mussels, and clams. The channel catfish aquaculture industry in the US is a major part of the country’s production, but the product is mainly consumed domestically. Finding new domestic and international markets is projected to increase the sale of catfish produced in North America, which could further propel the fishmeal and fish oil market in the region.

The North America fishmeal and fish oil market is segmented based on source and application. Based on source, the market is segmented into salmon & trout, crustaceans, marine fish, carps, and others. Based on application, the market is segmented into cattle, poultry, swine, aquaculture, pet, and other. Among application, aquaculture segment is expected to have a major market value share as well as substantial growth rate, during the forecast period. The rising demand for fishmeal and fish oil in aquaculture is attributed to its high production and high protein yield. Therefore, the consumption of fish oil-based feed in aquaculture increases with the growth of the aquaculture industry.

The North America television services market is studied across the US and Canada. Canada is expected to display substantial growth rate during the forecast period. In Canada, consumers are becoming increasingly aware of the many clinically established health benefits of omega-3 fatty acid, but are equally concerned with contamination issues. The key players are following IFOS program, which delivers a suitable platform for the fish oil omega-3 products industry to showcase credible product sources. More than 45,000 commercial fish harvesters work Canada’s waters from coast to coast. Most operate on the Atlantic coast, fishing from Nunavut to the American border, including offshore banks, which is supporting fish oil production in Canada. Further, the Canadian Council of Professional Fish Harvesters (CCPFH) was created with an objective of representing Canadian fish harvesters’ interests, helping lead the development of fish harvesting which is supporting the market growth of fishmeal and fish oil in Canada. 

Research Methodology

The market study of the North America fishmeal and fish oil market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. North America Fishmeal and Fish Oil Market Research and Analysis by Source
2. North America Fishmeal and Fish Oil Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the North America fishmeal and fish oil market.
• This report also includes a detailed and extensive market overview with the key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North America fishmeal and fish oil market.
• Insights about market determinants which are stimulating the North America fishmeal and fish oil market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.