Fishmeal Market Analysis: Forecasted Growth at 7.50% CAGR, Targeting USD 15087.33 Million by 2030
The Fishmeal Market Poised for Steady Growth Fishmeal, a protein and nutrient-rich powder derived from processed fish, plays a vital role in the global aquaculture industry. It serves as a critical dietary component for farmed fish, shrimp, and other aquatic animals, promoting healthy growth and development. The global fishmeal market is anticipated to witness robust growth in the coming years, fueled by a confluence of factors. According to a report by Market Research Future (MRFR), the market is projected to register a CAGR of 7.50% from 2022 to 2030, reaching a value of USD 15,087.33 million by the end of the forecast period. Let's dive deeper and explore the currents driving this market expansion. Demand Drivers: Fueling the Fishmeal Market Several key factors are contributing to the projected growth of the fishmeal market: Rising Aquaculture Industry: The global aquaculture industry is experiencing significant growth, driven by increasing demand for protein-rich seafood. As