Europe Fishmeal and Fish Oil Market

Europe Fishmeal and Fish Oil Market Size, Growth, Trends and Forecast:

The Europe Fishmeal and Fish Oil market is expected to increase with a considerable share in the international marketplace during the forecast period of 2022 - 2027, from its market value of USD 0.69 billion. The market value is expected to increase more during the projection period due to the rising aquaculture activities in the countries such as Norway, the United Kingdom, and other nations in the European region.

COVID-19 impact on Europe Fishmeal and Fish Oil Market:

Several companies around the world faced a lot of financial crisis because of the coronavirus resulted lockdown situations in almost all the countries to eradicate the transmission. Due to this pandemic, all the companies are suffering with the issues related to production and demand, supply chain and finances. Most of the companies around the world have halted their operations due to the strict lockdown regulations imposed by government authorities.

Recently, the government authorities gave permission to the companies to resume their manufacturing units with stringent rules and policies. Almost all the enterprises have restarted their production that in turn started the supply chain, and they are implementing some new strategies to recover from financial losses.

In the Europe Fishmeal and Fish Oil market, the companies related to the industry are expecting to gain some profits in the next two to three years owing to the factors such as increasing intake of fish meat and fish oil across the locale, especially in the countries like the UK, Norway and Spain, as well as increasing investments by the key market players. The rising awareness of the benefits of the intake of fishmeal and fish oil is likely to promote the call in the local market amid COVID-19 transmission.

Recent Developments:

In April 2015, Tasa Company announced the launch of its full-scale human consumption fish oil production at their new subsidiary Tasa Omega to provide good protein and natural protein that can be absorbed by the human. In May 2015, Oceana group completed the purchase of Louisiana that will help the company to expand its business worldwide and also to strengthen its position in the American fishing industry.

Europe Fishmeal and Fish Oil Market Drivers:

Increasing consumption of fish meal and fish oil across the region, especially in some of the countries such as UK, Norway, Spain, etc., is one of the major growth driving factors in the Fishmeal and Fish Oil market of Europe.

Rising aquaculture activities in some of the nations in the region is also among the major growth factors of the Fishmeal and Fish Oil market in Europe.

The surge in the investments by the companies for the new technological advancements and increased performance of aquaculture across the area are other prominent aspects driving the developments in the Europe Fishmeal and Fish Oil market.

Challenges:

Factors such as the availability of alternative products in the market and the high price of the fish meal and fish oil are some of the considerable challenges affecting the expansion of the Fishmeal and Fish Oil market in European nations.

Europe Fishmeal and Fish Oil Market Segmentation:

Europe Fishmeal and Fish Oil Market – By Source:

• salmon & trout

• marine fish
• crustaceans
• tilapias
• carps and others

Europe Fishmeal and Fish Oil Market – By Livestock Application:

• swine
• aquatic animals
• poultry
• cattle
• pets and other applications

Europe Fishmeal and Fish Oil Market – By Industrial Application:

• fertilizers
• aquaculture
• pharmaceutical

Regional Analysis:

Europe Fishmeal and Fish Oil market is likely to expand owing to the rising demand among consumers for fish meat and fish oil across the locale, along with the surge in aquaculture activities in the European nations like Spain, Norway, UK, and others. European region is also foreseen to record a hike in revenue rate over the envisioned period.

Key Players:

Some of the key players of Europe Fishmeal and Fish Oil market are Pesquera Exalmar, Corpesca S.A., FMC Corporation, Omega Protein, Sürsan A.Ş, FF Skagen A/S, Copeinca, Coplex International S.A.S., Orizon, Pioneer Fishing, TripleNine Group A/S, GC Rieber Oils AS, The TASA Group, Austevoll Seafood, Croda International Plc, Oceana Group Limited, Mukka Sea Food Industries and others.