Global Fish Meal Market will be US$ 10.65 Billion by 2026

 According to the latest report by Renub Research, titled "Fish Meal Market and Volume, Global Forecast by Species, End-User: Chicken, Pig, Aquaculture, Production, Export, Import, Value Chain Analysis" captures a detailed analysis of the Fish Meal Market.

The demand for fishmeal has risen significantly in recent years and is expected to continue expanding in the forecast period. The Global Fishmeal Market is estimated to reach US$ 10.65 Billion by 2026, as per Renub Research. Fish meal is made mainly of fish remaining from bones and organ meat. It is produced by fish drying or trimming. In general, fish meal is obtained in powder or cake form.

For aquatic animals, fishmeal offers many benefits, such as improved immunity to disease, improved survival & growth, and decreased deformities incidences. Based on its heavy use in aquaculture, the market for fishmeal is experiencing an exponential increase. Fishmeal is one of the world's fastest-growing segments of the seafood and fishery sectors.

Domestic animals continue to make essential contributions to the global production of food. As a result, animal feed has become an increasingly important part of the integrated chain of food products. Wrong sources of protein in animal feed can cause young animals to be more depressed and lead to more deficient development and low output that can never be recovered.

The fish meal provides ruminants with an outstanding by-pass protein and monogastric source with a decent quality protein source. The Fish Meal offers a vital nutritious source of phosphorus and calcium in animal feed relative to other plant protein sources and cereals. Fish meal is an ingredient rich in nutrients primarily used in domestic animal diets and is often used as a high-quality organic fertilizer. Fish meal is obtained from any form of seafood, but is commonly derived from small marine fish containing a high percentage of bones and oils, and is not suitable for direct human consumption.

In several developing countries, the fishing corporation is not well established and contributes to the potential supply of fish meal in some areas. The importance of the growing supply of food from farmed fish and aquaculture systems and should be assessed. Waste fish meal is used in many parts of some countries, such as Cambodia and Vietnam, to develop fish ponds and mix into native animal feed. Fish meal is commonly sold in powder form and is widely used for poultry, pigs and farmed fish in compound foods. The use of fish meal as fertilizer is more valuable.

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Fish Meal and its Attributes:

The fish meal has outstanding nutritional properties. A high amount of healthy EAA and digestible protein is found in the fish meal. Besides, fish meal is also rich in other nutrients, such as essential cholesterol, minerals, phospholipids, fatty acids, and some vitamins. A highly heterogeneous content, both physically and chemically, is fish meal.

It is anticipated that increasing fish meal diet such as blood meals, meat, and bone in animal feed would increase demand for fish meal. In developing countries, people are moving from red meat to an alternative source of animal feed protein, which is expected to increase the global demand for fish meal.

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