| Product Code: ETC9208944 | Publication Date: Sep 2024 | Updated Date: Dec 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Serbia`s fish meal market experienced a notable import trend, with a growth rate of 23.12% from 2023 to 2024 and a compound annual growth rate (CAGR) of 32.49% from 2020 to 2024. This substantial increase can be attributed to growing demand for high-quality fish meal products in the region, indicating a shift in consumer preferences and market dynamics.
The Serbia Fish Meal Market is experiencing steady growth driven by increasing demand from the aquaculture industry as a key source of protein feed for fish and livestock. The market is primarily influenced by factors such as the growing awareness of the nutritional benefits of fish meal, rising disposable incomes, and the expansion of aquaculture activities in the region. Key players in the market are focusing on product innovation, sustainable sourcing practices, and strategic partnerships to maintain a competitive edge. However, challenges such as fluctuating raw material prices, environmental concerns, and regulatory constraints are impacting market growth. Overall, the Serbia Fish Meal Market is poised for further expansion as the aquaculture sector continues to expand, creating opportunities for market players to capitalize on the growing demand for high-quality fish meal products.
The Serbia Fish Meal Market is experiencing growth due to increasing demand from the aquaculture industry for high-quality protein sources in fish feed. The market is witnessing a trend towards sustainable and eco-friendly production methods, with a focus on sourcing fish by-products and waste for meal production. Opportunities exist for companies to invest in advanced processing technologies to improve the quality and nutritional value of fish meal, as well as to explore new market segments such as pet food and animal feed. Additionally, there is potential for market expansion through strategic partnerships with aquaculture farms and feed manufacturers to meet the growing demand for fish meal in Serbia and neighboring countries.
In the Serbia Fish Meal Market, challenges include fluctuating raw material prices due to factors like global fish stocks and weather conditions affecting fishing yields. Competition from other protein sources like soybean and meat meals also poses a challenge, as well as the limited availability of fish processing by-products for fish meal production. Additionally, strict regulations on fishing quotas and sustainability practices impact the supply chain and production costs. Market volatility and the dependency on imports for raw materials further complicate the landscape for fish meal producers in Serbia, requiring them to constantly adapt to changing market conditions and consumer preferences to remain competitive.
The Serbia Fish Meal Market is primarily driven by the increasing demand for aquaculture feed, as fish meal is a key ingredient in formulating high-protein feeds for farmed fish. The growth of the aquaculture industry in Serbia, driven by favorable government policies and investments in the sector, is fueling the demand for fish meal as a nutritious and sustainable feed source. Additionally, the rising awareness among consumers about the health benefits of seafood consumption is driving the demand for fish products, further supporting the growth of the fish meal market. Moreover, the growing trend of using fish meal as a protein supplement in animal feed for poultry and livestock is also contributing to the market expansion.
The Serbian government has implemented policies to regulate and support the fish meal market. These policies include setting standards for production processes and quality control to ensure the safety and quality of fish meal products. Additionally, there are regulations in place to monitor and manage the sustainability of fish stocks and prevent overfishing in Serbian waters. The government also offers subsidies and incentives to encourage investment in the fish meal industry, such as tax breaks for companies that comply with environmental and sustainability standards. Overall, these policies aim to promote the growth of the fish meal market in Serbia while safeguarding the environment and ensuring the long-term viability of the industry.
The Serbia Fish Meal Market is expected to witness steady growth in the coming years, driven by increasing demand for high-quality fish meal in the aquaculture and livestock industries. Factors such as rising awareness about the benefits of fish meal as a protein-rich feed ingredient, coupled with the growth of aquaculture production in the region, are likely to contribute to market expansion. Additionally, the growing focus on sustainable and eco-friendly feed options is expected to further boost the demand for fish meal in Serbia. However, challenges such as fluctuating raw material prices and competition from alternative protein sources may impact market growth. Overall, the Serbia Fish Meal Market is poised for moderate growth, with opportunities for market players to innovate and capitalize on the evolving trends 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 Serbia Fish Meal Market Overview |
3.1 Serbia Country Macro Economic Indicators |
3.2 Serbia Fish Meal Market Revenues & Volume, 2021 & 2031F |
3.3 Serbia Fish Meal Market - Industry Life Cycle |
3.4 Serbia Fish Meal Market - Porter's Five Forces |
3.5 Serbia Fish Meal Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Serbia Fish Meal Market Revenues & Volume Share, By End-Users, 2021 & 2031F |
3.7 Serbia Fish Meal Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.8 Serbia Fish Meal Market Revenues & Volume Share, By Livestock, 2021 & 2031F |
3.9 Serbia Fish Meal Market Revenues & Volume Share, By Source of Species, 2021 & 2031F |
3.10 Serbia Fish Meal Market Revenues & Volume Share, By Nature, 2021 & 2031F |
4 Serbia Fish Meal Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Serbia Fish Meal Market Trends |
6 Serbia Fish Meal Market, By Types |
6.1 Serbia Fish Meal Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Serbia Fish Meal Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Serbia Fish Meal Market Revenues & Volume, By Animal Feed, 2021- 2031F |
6.1.4 Serbia Fish Meal Market Revenues & Volume, By Dietary Supplements, 2021- 2031F |
6.1.5 Serbia Fish Meal Market Revenues & Volume, By Pharmaceutical, 2021- 2031F |
6.1.6 Serbia Fish Meal Market Revenues & Volume, By Fertilisers, 2021- 2031F |
6.2 Serbia Fish Meal Market, By End-Users |
6.2.1 Overview and Analysis |
6.2.2 Serbia Fish Meal Market Revenues & Volume, By Aquaculture, 2021- 2031F |
6.2.3 Serbia Fish Meal Market Revenues & Volume, By Poultry, 2021- 2031F |
6.2.4 Serbia Fish Meal Market Revenues & Volume, By Swine, 2021- 2031F |
6.2.5 Serbia Fish Meal Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Serbia Fish Meal Market, By Source |
6.3.1 Overview and Analysis |
6.3.2 Serbia Fish Meal Market Revenues & Volume, By Salmon and Trout, 2021- 2031F |
6.3.3 Serbia Fish Meal Market Revenues & Volume, By Marine Fish, 2021- 2031F |
6.3.4 Serbia Fish Meal Market Revenues & Volume, By Crustaceans, 2021- 2031F |
6.3.5 Serbia Fish Meal Market Revenues & Volume, By Tilapia, 2021- 2031F |
6.3.6 Serbia Fish Meal Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Serbia Fish Meal Market, By Livestock |
6.4.1 Overview and Analysis |
6.4.2 Serbia Fish Meal Market Revenues & Volume, By Ruminants, 2021- 2031F |
6.4.3 Serbia Fish Meal Market Revenues & Volume, By Poultry, 2021- 2031F |
6.4.4 Serbia Fish Meal Market Revenues & Volume, By Swine, 2021- 2031F |
6.4.5 Serbia Fish Meal Market Revenues & Volume, By Aquatic Animals, 2021- 2031F |
6.4.6 Serbia Fish Meal Market Revenues & Volume, By Others, 2021- 2031F |
6.5 Serbia Fish Meal Market, By Source of Species |
6.5.1 Overview and Analysis |
6.5.2 Serbia Fish Meal Market Revenues & Volume, By Anchovy, 2021- 2031F |
6.5.3 Serbia Fish Meal Market Revenues & Volume, By Blue Whiting, 2021- 2031F |
6.5.4 Serbia Fish Meal Market Revenues & Volume, By Sardines, 2021- 2031F |
6.5.5 Serbia Fish Meal Market Revenues & Volume, By Norway Pout, 2021- 2031F |
6.5.6 Serbia Fish Meal Market Revenues & Volume, By Send eel, 2021- 2031F |
6.5.7 Serbia Fish Meal Market Revenues & Volume, By Sprat, 2021- 2031F |
6.6 Serbia Fish Meal Market, By Nature |
6.6.1 Overview and Analysis |
6.6.2 Serbia Fish Meal Market Revenues & Volume, By Organic, 2021- 2031F |
6.6.3 Serbia Fish Meal Market Revenues & Volume, By Conventional, 2021- 2031F |
7 Serbia Fish Meal Market Import-Export Trade Statistics |
7.1 Serbia Fish Meal Market Export to Major Countries |
7.2 Serbia Fish Meal Market Imports from Major Countries |
8 Serbia Fish Meal Market Key Performance Indicators |
9 Serbia Fish Meal Market - Opportunity Assessment |
9.1 Serbia Fish Meal Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Serbia Fish Meal Market Opportunity Assessment, By End-Users, 2021 & 2031F |
9.3 Serbia Fish Meal Market Opportunity Assessment, By Source, 2021 & 2031F |
9.4 Serbia Fish Meal Market Opportunity Assessment, By Livestock, 2021 & 2031F |
9.5 Serbia Fish Meal Market Opportunity Assessment, By Source of Species, 2021 & 2031F |
9.6 Serbia Fish Meal Market Opportunity Assessment, By Nature, 2021 & 2031F |
10 Serbia Fish Meal Market - Competitive Landscape |
10.1 Serbia Fish Meal Market Revenue Share, By Companies, 2024 |
10.2 Serbia Fish Meal Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |