Middle East and Africa Fishmeal and Fish Oil Market

Middle East and Africa Fishmeal and Fish Oil Market Size, Growth, Trends and Forecast:

The Middle East and Africa Fishmeal and Fish Oil market are expected to increase with a notable revenue rate over the outlook period of 2022 - 2027. Fishmeal is the flour processed out of the fish after milling and drying the fish. The fish oil is the brown or yellow liquid extracted out by pressing the cooked fish which are majorly used as additives in the animal and fish feeds.

COVID-19 impact on Middle East and Africa Fishmeal and Fish Oil Market:

Most of the companies faced a lot of financial crises because of the coronavirus lockdown situations in almost all countries to control the rapid transmission of this virus. Due to the COVID-19 pandemic, all the companies are suffering from production and demand, supply chain and market disruption, and financial losses. Most of the companies all around the world have halted their production units because of the stringent lockdown regulations imposed by the government authorities.

Recently, restrictions were relaxed by the government authorities in all the countries, allowing companies to resume their manufacturing activities under strict rules and regulations. Most of the companies have restarted their production, which in turn started the supply chain of their products and helping them to recover slowly from the financial crisis.

In the Middle East and Africa Fishmeal and Fish Oil market, the players related to the market are expecting to record some profits in the following years due to the elements such as rising demand for a healthy lifestyle, increasing awareness of the benefits of fish meal and fish oil and the growing need for improving immunity across the nations of the Middle East and Africa.

Middle East and Africa Fishmeal and Fish Oil Market Drivers:

Increasing consumer consciousness and urge to use products source and cultivated with naturally grown ingredients is one of the major driving factors supporting the growth of the Fishmeal and Fish Oil market in the Middle East and Africa region. Increasing subsidies from the government in some of the countries of this locale are also among the major development factors of the Fishmeal and fish oil market in the Middle East and Africa.

Challenges:

Factors such as the use of fishmeal and fish oil as an additive in animal feed is limited by the typical inclusion rates, availability of alternative products in the market and high price of the fish meal and fish oil compared to traditional products in the MEA nations.

Middle East and Africa Fishmeal and Fish Oil Market Segmentation:

Middle East and Africa Fishmeal and Fish Oil market – By Livestock Application:

• swine

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

Middle East and Africa Fishmeal and Fish Oil market – By Source:

• salmon & trout
• marine fish
• crustaceans
• tilapias
• carps
• others

Middle East and Africa Fishmeal and Fish Oil market – By Industrial Applications:

• fertilizers
• aquaculture
• pharmaceutical

Regional Analysis:

The Middle East and Africa Fishmeal and Fish Oil market are likely to progress with a notable share owing to the increasing support from the government and the rising demand for innovative health supplements among the population in the MEA nations like Dubai, Saudi Arabia, Kuwait, South Africa, and so on. The Middle East and Africa region is also estimated to register an increase in the revenue rate during the forecast period.

Key Players:

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