Ample Production of Fish Oil Coupled with Rising Aquaculture Industry to Stimulate the Growth of the Asia-Pacific Fishmeal and Fish Oil Market

The Asia-Pacific fishmeal and fish oil market is estimated to witness a CAGR of 5.1% during the forecast period (2020-2026). Pivotal factors such as abundant production of fish oil, growing aquaculture industry, and increasing exposure to the health benefits of fish oil are driving the growth of the fishmeal and fish oil market in the Asia-Pacific. In the last few years, the aquaculture industry in the region has grown manifold with additional support from the governments. For instance, considering the immense growth opportunity in the aquaculture sector, the Government of India has restructured the Central Plan Scheme under the Blue Revolution. The restructured Central Sector Scheme on Blue Revolution: Integrated Development and Management of Fisheries (CSS) approved by the Government provides focused development and management of the fisheries sector to increase fish production from the inland and marine aquaculture sector including deep-sea fishing.

Browse the full report description Asia-Pacific Fishmeal and Fish Oil Market Size, Share & Trends Analysis Report by Source (Salmon & Trout, Crustaceans, Marine Fish, Carps, and Others (Tilapias, Eels, Crabs, and Lobsters)) and by Application (Swine, Poultry, Cattle, Aquaculture, Pets, and Other (Equine and Other Marine Species)) Forecast Period (2021-2027) at https://www.omrglobal.com/industry-reports/asia-pacific-fishmeal-and-fish-oil-market

Further, in 2015, China Agriculture Yearbook (CAY) reported that total aquaculture area was 7.83 million hectares. China also has a huge research and education network sponsored by the central government. This is known as the Chinese Academy of Fishery Sciences, which is comprised of ten different research institutes. These institutes also work closely with universities and a number of private research institutes (FAO Fisheries and Aquaculture Department. Education in aquaculture is a popular course of study, and more than 30 Chinese universities enroll about 1,000 aquaculture students each year. Many of these universities offer upper-level graduate degrees in aquaculture or closely related disciplines. The research from these institutes is then shared openly with the Extension Centers so that the information is effectively disseminated to the local farmers. These initiatives taken by the government are projected to boost the aquaculture market in China, in turn boosting the market for fishmeal and fish oil during the forecast period.

Market Coverage

• Market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- by Source and Application
• Countries Covered- China, India, Japan, South Korea, and Rest of Asia-Pacific

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Asia-Pacific 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)

Asia-Pacific Fishmeal and Fish Oil Market Report Segment

• China
• Japan
• India
• South Korea
• Rest of Asia-Pacific