The US fishmeal and fish oil market is estimated to grow at a substantial CAGR of 8.2% during the forecast period. US is the largest producer and consumer of fishmeal and fish oil in North America. The country has a healthy production base of fishmeal and fish oil. East coast and Gulf of Menhaden are the prime fish oil production base of the country. Moreover, Alaska’s booming sea food industry majorly supplements the growth of the country. Initially, most of the fish oil consumed in the US was manufactured in Peru or Chile. Most of the fish oil sold in the country were manufactured/refined in its own base. The sales increase beyond production capacities have resulted in price wars, which has compelled the US- based companies to import fish oil from China. Additionally, Omega-3 fish oil is a major health supplements in the US. This is mainly due to the rising health awareness among consumers and government recommendations for the intake of Omega-3 fatty acids like eicosapentaenoic acids (EPA) and docosahexaenoic acids (DHA).

Furthermore, the growth of aquaculture industry in the country has given boost to the growth of the fishmeal and fish oil market. The earliest aquaculture industry in the US focused on raising fish for recreation rather than for food consumption. In the late 1800s, state and federal hatcheries were built to raise various sportfish species. In 1853, commercial aquaculture practices began with the production of rainbow trout. Over the past few years, due to the growing demand for seafood and fish protein, the demand for seafood has grown in the US. The major fish species grown in the US are trout, sturgeon, salmon, tilapia, hybrid striped bass, walleye, and yellow perch. Additionally, the US aquaculture also produces freshwater fish such as crawfish in Louisiana and Texas. Shrimps are mainly raised in brackish ponds in South Carolina, Texas, and Hawaii. The aquaculture industry in the US also farm raises mollusk species such as clams, abalone, oysters, and mussels in almost every coastal area in the country. 

The US 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.

Research Methodology

The market study of the US 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. US Fishmeal and Fish Oil Market Research and Analysis by Source
2. US Fishmeal and Fish Oil Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the US 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 US fishmeal and fish oil market.
• Insights about market determinants which are stimulating the US 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.