| Product Code: ETC7500174 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Hungary`s fish meal market observed a notable import trend, with a growth rate of 20.07% compared to the previous year. However, the compound annual growth rate (CAGR) from 2020 to 2024 was -3.59%. This decline in CAGR may be attributed to shifts in demand dynamics or changes in trade policies impacting market stability.
The Hungary fish meal market is witnessing steady growth driven by increasing demand for high-protein animal feed in the livestock industry. Fish meal is a valuable source of essential amino acids and nutrients for livestock, aquaculture, and pet food. The market is primarily influenced by the growth of the aquaculture sector, as fish meal is widely used in aquafeed formulations. Additionally, the rising awareness about the nutritional benefits of fish meal in animal feed is further driving market growth. Key players in the Hungary fish meal market are focusing on product innovation and quality to meet the evolving consumer preferences and stringent regulations. Overall, the market is expected to continue its growth trajectory, supported by the increasing demand for protein-rich animal feed products in the country.
The Hungary Fish Meal Market is experiencing growth due to the increasing demand for high-quality fish feed in aquaculture and animal nutrition sectors. Sustainability and traceability are key trends driving market growth, as consumers prioritize ethically sourced and environmentally friendly products. The rising awareness of the health benefits of fish meal in animal diets is also driving market demand. Opportunities in the market include the development of innovative fish meal products with enhanced nutritional profiles, as well as expanding market reach through strategic partnerships and collaborations with key players in the aquaculture and pet food industries. Overall, the Hungary Fish Meal Market presents promising prospects for growth and diversification in the coming years.
In the Hungary Fish Meal Market, some key challenges include fluctuating raw material prices due to factors like climate change and overfishing, which can impact production costs and profitability for fish meal manufacturers. Additionally, increasing competition from alternative protein sources and fish meal substitutes poses a threat to the market share of traditional fish meal products. Regulatory issues related to sustainability and environmental concerns also present challenges, as the industry is under pressure to adopt more eco-friendly practices. Furthermore, market volatility and changing consumer preferences towards plant-based diets further complicate the landscape for fish meal producers in Hungary, necessitating strategic adaptation and innovation to remain competitive in the market.
The Hungary Fish Meal Market is being primarily driven by the increasing demand for high-quality protein sources in animal feed, particularly in the aquaculture and livestock industries. Fish meal is valued for its rich nutritional content, including essential amino acids, vitamins, and minerals, making it a preferred ingredient for promoting growth and health in animals. Additionally, the rising awareness among farmers about the benefits of fish meal in improving feed efficiency and overall animal performance is further propelling market growth. Furthermore, the growing trend towards sustainable and environmentally friendly practices in the agriculture sector is driving the demand for fish meal as a byproduct of the fish processing industry, contributing to the market expansion in Hungary.
Government policies related to the Hungary Fish Meal Market include regulations on fishing quotas, environmental sustainability, and food safety standards. The Hungarian government has implemented measures to ensure responsible fishing practices, such as setting limits on the amount of fish that can be caught to prevent overfishing and protect fish stocks. Additionally, there are regulations in place to promote sustainable aquaculture practices to minimize negative impacts on the environment. Food safety standards are also a priority, with inspections and certifications required to guarantee the quality and safety of fish meal products. Overall, government policies in Hungary aim to support a thriving and sustainable fish meal market by balancing economic opportunities with environmental conservation and consumer protection.
The Hungary Fish Meal Market is projected to experience steady growth in the coming years, driven by increasing demand for high-quality animal feed in the livestock and aquaculture industries. Factors such as the rising awareness about the nutritional benefits of fish meal, coupled with the growth of the aquaculture sector in Hungary, are expected to fuel market expansion. Additionally, the growing trend towards sustainable and eco-friendly feed ingredients is likely to boost the demand for fish meal as a source of protein and essential nutrients. However, challenges such as fluctuating raw material prices and regulatory constraints may hinder market growth to some extent. Overall, the Hungary Fish Meal Market is anticipated to show promising growth opportunities, especially with the focus on innovation and sustainable practices in the industry.
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 Hungary Fish Meal Market Overview |
3.1 Hungary Country Macro Economic Indicators |
3.2 Hungary Fish Meal Market Revenues & Volume, 2021 & 2031F |
3.3 Hungary Fish Meal Market - Industry Life Cycle |
3.4 Hungary Fish Meal Market - Porter's Five Forces |
3.5 Hungary Fish Meal Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Hungary Fish Meal Market Revenues & Volume Share, By End-Users, 2021 & 2031F |
3.7 Hungary Fish Meal Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.8 Hungary Fish Meal Market Revenues & Volume Share, By Livestock, 2021 & 2031F |
3.9 Hungary Fish Meal Market Revenues & Volume Share, By Source of Species, 2021 & 2031F |
3.10 Hungary Fish Meal Market Revenues & Volume Share, By Nature, 2021 & 2031F |
4 Hungary Fish Meal Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Hungary Fish Meal Market Trends |
6 Hungary Fish Meal Market, By Types |
6.1 Hungary Fish Meal Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Hungary Fish Meal Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Hungary Fish Meal Market Revenues & Volume, By Animal Feed, 2021- 2031F |
6.1.4 Hungary Fish Meal Market Revenues & Volume, By Dietary Supplements, 2021- 2031F |
6.1.5 Hungary Fish Meal Market Revenues & Volume, By Pharmaceutical, 2021- 2031F |
6.1.6 Hungary Fish Meal Market Revenues & Volume, By Fertilisers, 2021- 2031F |
6.2 Hungary Fish Meal Market, By End-Users |
6.2.1 Overview and Analysis |
6.2.2 Hungary Fish Meal Market Revenues & Volume, By Aquaculture, 2021- 2031F |
6.2.3 Hungary Fish Meal Market Revenues & Volume, By Poultry, 2021- 2031F |
6.2.4 Hungary Fish Meal Market Revenues & Volume, By Swine, 2021- 2031F |
6.2.5 Hungary Fish Meal Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Hungary Fish Meal Market, By Source |
6.3.1 Overview and Analysis |
6.3.2 Hungary Fish Meal Market Revenues & Volume, By Salmon and Trout, 2021- 2031F |
6.3.3 Hungary Fish Meal Market Revenues & Volume, By Marine Fish, 2021- 2031F |
6.3.4 Hungary Fish Meal Market Revenues & Volume, By Crustaceans, 2021- 2031F |
6.3.5 Hungary Fish Meal Market Revenues & Volume, By Tilapia, 2021- 2031F |
6.3.6 Hungary Fish Meal Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Hungary Fish Meal Market, By Livestock |
6.4.1 Overview and Analysis |
6.4.2 Hungary Fish Meal Market Revenues & Volume, By Ruminants, 2021- 2031F |
6.4.3 Hungary Fish Meal Market Revenues & Volume, By Poultry, 2021- 2031F |
6.4.4 Hungary Fish Meal Market Revenues & Volume, By Swine, 2021- 2031F |
6.4.5 Hungary Fish Meal Market Revenues & Volume, By Aquatic Animals, 2021- 2031F |
6.4.6 Hungary Fish Meal Market Revenues & Volume, By Others, 2021- 2031F |
6.5 Hungary Fish Meal Market, By Source of Species |
6.5.1 Overview and Analysis |
6.5.2 Hungary Fish Meal Market Revenues & Volume, By Anchovy, 2021- 2031F |
6.5.3 Hungary Fish Meal Market Revenues & Volume, By Blue Whiting, 2021- 2031F |
6.5.4 Hungary Fish Meal Market Revenues & Volume, By Sardines, 2021- 2031F |
6.5.5 Hungary Fish Meal Market Revenues & Volume, By Norway Pout, 2021- 2031F |
6.5.6 Hungary Fish Meal Market Revenues & Volume, By Send eel, 2021- 2031F |
6.5.7 Hungary Fish Meal Market Revenues & Volume, By Sprat, 2021- 2031F |
6.6 Hungary Fish Meal Market, By Nature |
6.6.1 Overview and Analysis |
6.6.2 Hungary Fish Meal Market Revenues & Volume, By Organic, 2021- 2031F |
6.6.3 Hungary Fish Meal Market Revenues & Volume, By Conventional, 2021- 2031F |
7 Hungary Fish Meal Market Import-Export Trade Statistics |
7.1 Hungary Fish Meal Market Export to Major Countries |
7.2 Hungary Fish Meal Market Imports from Major Countries |
8 Hungary Fish Meal Market Key Performance Indicators |
9 Hungary Fish Meal Market - Opportunity Assessment |
9.1 Hungary Fish Meal Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Hungary Fish Meal Market Opportunity Assessment, By End-Users, 2021 & 2031F |
9.3 Hungary Fish Meal Market Opportunity Assessment, By Source, 2021 & 2031F |
9.4 Hungary Fish Meal Market Opportunity Assessment, By Livestock, 2021 & 2031F |
9.5 Hungary Fish Meal Market Opportunity Assessment, By Source of Species, 2021 & 2031F |
9.6 Hungary Fish Meal Market Opportunity Assessment, By Nature, 2021 & 2031F |
10 Hungary Fish Meal Market - Competitive Landscape |
10.1 Hungary Fish Meal Market Revenue Share, By Companies, 2024 |
10.2 Hungary Fish Meal Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |