Product Code: ETC6656604 | Publication Date: Sep 2024 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Canada fish meal market is experiencing steady growth due to the increasing demand for high-quality fish meal in aquaculture and animal feed industries. The market is driven by factors such as the rising awareness about the nutritional benefits of fish meal, the growth of the aquaculture sector, and the emphasis on sustainable sourcing of fish-based products. Key players in the market are focusing on product innovation and quality control measures to meet the stringent regulatory standards. The market is also witnessing a shift towards organic and natural fish meal products, reflecting the growing consumer preference for healthier and environmentally friendly options. Overall, the Canada fish meal market is poised for further expansion as the demand for protein-rich and sustainable animal feed ingredients continues to rise.
The Canada Fish Meal Market is experiencing steady growth driven by increasing consumer awareness of the health benefits of fish-based products and the rising demand for high-quality animal feed. Sustainability and traceability are key trends in the market, with consumers showing a preference for ethically sourced and environmentally friendly fish meal products. The market is also witnessing a shift towards innovative uses of fish meal in aquaculture, pet food, and fertilizer industries. Opportunities lie in the development of value-added fish meal products, expansion of distribution channels, and partnerships with sustainable fishing practices. With the Canadian government`s focus on promoting sustainable aquaculture practices, the market is poised for further growth and investment in research and development to meet the evolving demands of consumers and the industry.
The Canada Fish Meal Market faces several challenges, including fluctuations in fish stock availability due to environmental factors and overfishing. This can lead to inconsistent supply and pricing, affecting the profitability of fish meal producers and impacting the entire value chain. Additionally, regulatory issues related to sustainable fishing practices and waste management pose challenges for companies operating in the market, as they must adhere to strict guidelines to ensure environmental sustainability. Competition from alternative protein sources and the growing popularity of plant-based diets among consumers also present a challenge for the fish meal market in Canada, as companies must innovate and differentiate their products to maintain market share and meet changing consumer preferences.
The Canada Fish Meal Market is primarily driven by the increasing demand for fish meal in aquaculture feed production due to the rising consumption of seafood products. The growth of the aquaculture industry in Canada, driven by factors such as health-conscious consumer preferences and the need for sustainable protein sources, is fueling the demand for fish meal as a high-quality protein feed ingredient. Additionally, the nutritional benefits of fish meal, such as its high protein content and essential amino acids, are driving its adoption in animal feed applications. Furthermore, the emphasis on sustainable fishing practices and responsible sourcing of fish meal is also influencing market growth, as consumers and regulatory bodies are increasingly focused on environmental sustainability and ethical sourcing practices in the seafood industry.
In Canada, government policies related to the fish meal market primarily focus on sustainable fishing practices and environmental protection. The Department of Fisheries and Oceans Canada regulates the fishing industry to ensure the long-term health of fish stocks and marine ecosystems. This includes setting quotas and monitoring fishing activities to prevent overfishing. Additionally, there are regulations in place to minimize bycatch and protect endangered species. The Canadian Food Inspection Agency oversees the safety and quality standards for fish meal products to protect consumer health. Overall, government policies in Canada aim to promote sustainable and responsible fishing practices in the fish meal market while ensuring the protection of the environment and public health.
The Canada Fish Meal Market is expected to witness steady growth in the coming years due to the rising demand for high-quality animal feed in the agriculture and aquaculture industries. Factors such as increasing awareness about the benefits of fish meal as a protein-rich feed ingredient, along with the growth of the aquaculture sector in the country, are driving this market expansion. Additionally, the focus on sustainable sourcing practices and the growing trend towards organic and natural feed ingredients are likely to further boost the demand for fish meal in Canada. However, challenges such as fluctuating raw material prices and competition from alternative protein sources may pose some constraints on the market growth. Overall, the Canada Fish Meal Market is poised for a positive outlook with opportunities for innovation and market expansion.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Canada Fish Meal Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada Fish Meal Market Revenues & Volume, 2021 & 2031F |
3.3 Canada Fish Meal Market - Industry Life Cycle |
3.4 Canada Fish Meal Market - Porter's Five Forces |
3.5 Canada Fish Meal Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Canada Fish Meal Market Revenues & Volume Share, By End-Users, 2021 & 2031F |
3.7 Canada Fish Meal Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.8 Canada Fish Meal Market Revenues & Volume Share, By Livestock, 2021 & 2031F |
3.9 Canada Fish Meal Market Revenues & Volume Share, By Source of Species, 2021 & 2031F |
3.10 Canada Fish Meal Market Revenues & Volume Share, By Nature, 2021 & 2031F |
4 Canada Fish Meal Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Canada Fish Meal Market Trends |
6 Canada Fish Meal Market, By Types |
6.1 Canada Fish Meal Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Canada Fish Meal Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Canada Fish Meal Market Revenues & Volume, By Animal Feed, 2021- 2031F |
6.1.4 Canada Fish Meal Market Revenues & Volume, By Dietary Supplements, 2021- 2031F |
6.1.5 Canada Fish Meal Market Revenues & Volume, By Pharmaceutical, 2021- 2031F |
6.1.6 Canada Fish Meal Market Revenues & Volume, By Fertilisers, 2021- 2031F |
6.2 Canada Fish Meal Market, By End-Users |
6.2.1 Overview and Analysis |
6.2.2 Canada Fish Meal Market Revenues & Volume, By Aquaculture, 2021- 2031F |
6.2.3 Canada Fish Meal Market Revenues & Volume, By Poultry, 2021- 2031F |
6.2.4 Canada Fish Meal Market Revenues & Volume, By Swine, 2021- 2031F |
6.2.5 Canada Fish Meal Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Canada Fish Meal Market, By Source |
6.3.1 Overview and Analysis |
6.3.2 Canada Fish Meal Market Revenues & Volume, By Salmon and Trout, 2021- 2031F |
6.3.3 Canada Fish Meal Market Revenues & Volume, By Marine Fish, 2021- 2031F |
6.3.4 Canada Fish Meal Market Revenues & Volume, By Crustaceans, 2021- 2031F |
6.3.5 Canada Fish Meal Market Revenues & Volume, By Tilapia, 2021- 2031F |
6.3.6 Canada Fish Meal Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Canada Fish Meal Market, By Livestock |
6.4.1 Overview and Analysis |
6.4.2 Canada Fish Meal Market Revenues & Volume, By Ruminants, 2021- 2031F |
6.4.3 Canada Fish Meal Market Revenues & Volume, By Poultry, 2021- 2031F |
6.4.4 Canada Fish Meal Market Revenues & Volume, By Swine, 2021- 2031F |
6.4.5 Canada Fish Meal Market Revenues & Volume, By Aquatic Animals, 2021- 2031F |
6.4.6 Canada Fish Meal Market Revenues & Volume, By Others, 2021- 2031F |
6.5 Canada Fish Meal Market, By Source of Species |
6.5.1 Overview and Analysis |
6.5.2 Canada Fish Meal Market Revenues & Volume, By Anchovy, 2021- 2031F |
6.5.3 Canada Fish Meal Market Revenues & Volume, By Blue Whiting, 2021- 2031F |
6.5.4 Canada Fish Meal Market Revenues & Volume, By Sardines, 2021- 2031F |
6.5.5 Canada Fish Meal Market Revenues & Volume, By Norway Pout, 2021- 2031F |
6.5.6 Canada Fish Meal Market Revenues & Volume, By Send eel, 2021- 2031F |
6.5.7 Canada Fish Meal Market Revenues & Volume, By Sprat, 2021- 2031F |
6.6 Canada Fish Meal Market, By Nature |
6.6.1 Overview and Analysis |
6.6.2 Canada Fish Meal Market Revenues & Volume, By Organic, 2021- 2031F |
6.6.3 Canada Fish Meal Market Revenues & Volume, By Conventional, 2021- 2031F |
7 Canada Fish Meal Market Import-Export Trade Statistics |
7.1 Canada Fish Meal Market Export to Major Countries |
7.2 Canada Fish Meal Market Imports from Major Countries |
8 Canada Fish Meal Market Key Performance Indicators |
9 Canada Fish Meal Market - Opportunity Assessment |
9.1 Canada Fish Meal Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Canada Fish Meal Market Opportunity Assessment, By End-Users, 2021 & 2031F |
9.3 Canada Fish Meal Market Opportunity Assessment, By Source, 2021 & 2031F |
9.4 Canada Fish Meal Market Opportunity Assessment, By Livestock, 2021 & 2031F |
9.5 Canada Fish Meal Market Opportunity Assessment, By Source of Species, 2021 & 2031F |
9.6 Canada Fish Meal Market Opportunity Assessment, By Nature, 2021 & 2031F |
10 Canada Fish Meal Market - Competitive Landscape |
10.1 Canada Fish Meal Market Revenue Share, By Companies, 2024 |
10.2 Canada Fish Meal Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |