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Market Leader - Fishmeal & Fish Oil Market

The key players identified in the global fishmeal & fish oil market include FMC Corporation (U.S.), Austevoll Seafood ASA (Norway), Croda International Plc. (U.K.), Oceana Group Limited (South Africa) and Omega Protein Corporation (U.S.). The market is projected to reach a value of USD 14.28 billion by 2022, at a CAGR of 8.50% from 2017. The global fishmeal & fish oil market is driven by factors such as rising use of fish meal and fish oil in swine and poultry diets and growing aquaculture industry. The key market players adopted strategies such as acquisitions, expansions & investments, and agreements, partnerships, and joint ventures to expand their market share in the fishmeal & fish oil market. Leading players focused on strengthening their R&D proficiencies by signing agreements with other companies, to develop innovative fishmeal & fish oil products.

The global players have established large distribution networks across the world and follow extensive cross-selling marketing strategies. Market leaders such as FMC Corporation (U.S.), Austevoll Seafood ASA (Norway), Croda International Plc. (U.K.), Oceana Group Limited (South Africa), and Omega Protein Corporation (U.S.) have successfully tapped potential markets through the development of innovative investments and expansions. These key companies focus on agreements, partnerships, & joint ventures in the fishmeal & fish oil industry on a regional as well as global level, to strengthen their position in the fishmeal & fish oil market. The trend of developing fishmeal & fish oil has increased due to the increase in fish farming.

FMC Corporation manufactures and distributes agricultural products, food ingredients, specialty, and industrial chemicals. Under its health & nutrition business unit, the company provides fish oil. The company is expanding its health & nutrition business through expansions & acquisitions, along with strong focus on R&D. In July 2015, FMC Corporation opened a European regional headquarters and research facility in Hørsholm, a suburb of Copenhagen, Denmark. This European Innovation Center (EIC) serves as a central hub for R&D, regional corporate functions, and regional commercial teams.

Another key player, Oceana Group Limited (South Africa) is largest fishing company in South Africa. It markets and sells its fish and fish products to consumers in Africa, the North America, Asia, the EU, and Australia. Oceana Group Limited follows a strategic policy of acquisition for the expansion of its businesses, globally. In May 2015, Oceana Group Limited invested Oceana Group Limited acquired 100% of the share capital of the processing operations of Daybrook Fisheries Inc. (U.S.). This acquisition helped the company to enhance the group’s operations globally in order to diversify its fishing rights and licenses, fish species, operational characteristics, and currency exposure.

Related Reports:

Fishmeal & Fish Oil Market by Source (Salmon & Trout, Marine Fish, Crustaceans, Tilapia, Carps), Livestock Application (Aquatic Animals, Swine, Poultry, Cattle, Pets), Industrial Application (Fertilizers, Aquaculture, Pharma), and Region - Forecast to 2022

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