Product Code: ETC9684804 | Publication Date: Sep 2024 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Thailand Fish Meal Market is a significant segment within the country`s animal feed industry, driven by the growing demand for protein-rich feed ingredients in the aquaculture sector. Thailand is one of the largest producers of fish meal globally, utilizing byproducts from its thriving seafood processing industry. The market is characterized by a strong domestic consumption base, supported by the country`s robust aquaculture sector, particularly shrimp and fish farming. Additionally, Thailand exports a considerable portion of its fish meal production to various countries, further boosting market growth. Key players in the Thailand Fish Meal Market include both domestic manufacturers and international companies, striving to enhance product quality and sustainability practices to meet the increasing demand from the aquafeed industry.
The Thailand Fish Meal Market is experiencing growth driven by factors such as increasing demand for aquafeed in the aquaculture industry and the growing awareness of the nutritional benefits of fish meal. Sustainable sourcing practices and technological advancements in fish meal production are also shaping the market. Opportunities exist for market players to expand their production capacities, invest in research and development for innovative product offerings, and establish strategic partnerships with key stakeholders in the supply chain. Furthermore, the rising focus on organic and high-quality fish meal products presents avenues for differentiation and premium pricing. With Thailand being a key player in the global fish meal market, companies can capitalize on these trends to drive growth and gain a competitive edge in the industry.
In the Thailand Fish Meal Market, challenges include fluctuating raw material prices due to factors like weather conditions affecting fish catches, competition from other protein sources like soy and grains, and regulatory issues related to sustainable fishing practices. Furthermore, the market faces constraints in terms of limited availability of fish stocks for production, leading to potential supply chain disruptions. Additionally, environmental concerns regarding overfishing and waste management pose challenges for the industry, necessitating sustainable practices to ensure long-term viability. Market players must navigate these challenges by implementing efficient sourcing strategies, investing in technology for improved production processes, and adhering to stringent regulations to maintain market competitiveness and sustainability.
The Thailand Fish Meal Market is primarily driven by the increasing demand for high-quality protein sources in the aquaculture industry, as fish meal is a crucial ingredient in aquafeed formulations. The growth in aquaculture production in Thailand and the wider Asia-Pacific region is fueling the demand for fish meal as a key source of essential nutrients for farmed fish and shrimp. Additionally, the rising awareness among consumers about the health benefits of fish consumption is driving the demand for aquaculture products, further boosting the need for quality fish meal. Technological advancements in fish meal production methods, sustainable sourcing practices, and the growing trend towards organic aquafeed are also key factors influencing the market dynamics in Thailand.
The Thailand Fish Meal Market is highly influenced by government policies aimed at regulating the fishing industry and ensuring sustainability. The Thai government has implemented measures such as fishing quotas, gear restrictions, and seasonal closures to protect fish stocks and prevent overfishing. Additionally, regulations on waste management and environmental protection are in place to minimize the impact of fish meal production on the ecosystem. In recent years, there has been a focus on promoting sustainable aquaculture practices to reduce dependence on wild fish stocks for fish meal production. Overall, government policies in Thailand are geared towards ensuring the long-term viability of the fish meal market while also safeguarding the marine environment.
The Thailand Fish Meal Market is expected to witness steady growth in the coming years due to the increasing demand for fish meal as a protein-rich feed ingredient in the aquaculture industry. Factors such as the rising consumption of seafood, growth in aquaculture production, and the emphasis on sustainable fishery practices are driving the market expansion. Additionally, the growing awareness about the nutritional benefits of fish meal in animal feed formulations is further contributing to market growth. However, challenges such as fluctuating raw material prices, environmental concerns related to overfishing, and competition from alternative protein sources may impact the market dynamics. Overall, with strategic initiatives focused on sustainable sourcing and technological advancements in fish meal production, the Thailand Fish Meal Market is poised for a positive outlook in the foreseeable future.
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 Thailand Fish Meal Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Fish Meal Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Fish Meal Market - Industry Life Cycle |
3.4 Thailand Fish Meal Market - Porter's Five Forces |
3.5 Thailand Fish Meal Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Thailand Fish Meal Market Revenues & Volume Share, By End-Users, 2021 & 2031F |
3.7 Thailand Fish Meal Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.8 Thailand Fish Meal Market Revenues & Volume Share, By Livestock, 2021 & 2031F |
3.9 Thailand Fish Meal Market Revenues & Volume Share, By Source of Species, 2021 & 2031F |
3.10 Thailand Fish Meal Market Revenues & Volume Share, By Nature, 2021 & 2031F |
4 Thailand Fish Meal Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Fish Meal Market Trends |
6 Thailand Fish Meal Market, By Types |
6.1 Thailand Fish Meal Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Thailand Fish Meal Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Thailand Fish Meal Market Revenues & Volume, By Animal Feed, 2021- 2031F |
6.1.4 Thailand Fish Meal Market Revenues & Volume, By Dietary Supplements, 2021- 2031F |
6.1.5 Thailand Fish Meal Market Revenues & Volume, By Pharmaceutical, 2021- 2031F |
6.1.6 Thailand Fish Meal Market Revenues & Volume, By Fertilisers, 2021- 2031F |
6.2 Thailand Fish Meal Market, By End-Users |
6.2.1 Overview and Analysis |
6.2.2 Thailand Fish Meal Market Revenues & Volume, By Aquaculture, 2021- 2031F |
6.2.3 Thailand Fish Meal Market Revenues & Volume, By Poultry, 2021- 2031F |
6.2.4 Thailand Fish Meal Market Revenues & Volume, By Swine, 2021- 2031F |
6.2.5 Thailand Fish Meal Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Thailand Fish Meal Market, By Source |
6.3.1 Overview and Analysis |
6.3.2 Thailand Fish Meal Market Revenues & Volume, By Salmon and Trout, 2021- 2031F |
6.3.3 Thailand Fish Meal Market Revenues & Volume, By Marine Fish, 2021- 2031F |
6.3.4 Thailand Fish Meal Market Revenues & Volume, By Crustaceans, 2021- 2031F |
6.3.5 Thailand Fish Meal Market Revenues & Volume, By Tilapia, 2021- 2031F |
6.3.6 Thailand Fish Meal Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Thailand Fish Meal Market, By Livestock |
6.4.1 Overview and Analysis |
6.4.2 Thailand Fish Meal Market Revenues & Volume, By Ruminants, 2021- 2031F |
6.4.3 Thailand Fish Meal Market Revenues & Volume, By Poultry, 2021- 2031F |
6.4.4 Thailand Fish Meal Market Revenues & Volume, By Swine, 2021- 2031F |
6.4.5 Thailand Fish Meal Market Revenues & Volume, By Aquatic Animals, 2021- 2031F |
6.4.6 Thailand Fish Meal Market Revenues & Volume, By Others, 2021- 2031F |
6.5 Thailand Fish Meal Market, By Source of Species |
6.5.1 Overview and Analysis |
6.5.2 Thailand Fish Meal Market Revenues & Volume, By Anchovy, 2021- 2031F |
6.5.3 Thailand Fish Meal Market Revenues & Volume, By Blue Whiting, 2021- 2031F |
6.5.4 Thailand Fish Meal Market Revenues & Volume, By Sardines, 2021- 2031F |
6.5.5 Thailand Fish Meal Market Revenues & Volume, By Norway Pout, 2021- 2031F |
6.5.6 Thailand Fish Meal Market Revenues & Volume, By Send eel, 2021- 2031F |
6.5.7 Thailand Fish Meal Market Revenues & Volume, By Sprat, 2021- 2031F |
6.6 Thailand Fish Meal Market, By Nature |
6.6.1 Overview and Analysis |
6.6.2 Thailand Fish Meal Market Revenues & Volume, By Organic, 2021- 2031F |
6.6.3 Thailand Fish Meal Market Revenues & Volume, By Conventional, 2021- 2031F |
7 Thailand Fish Meal Market Import-Export Trade Statistics |
7.1 Thailand Fish Meal Market Export to Major Countries |
7.2 Thailand Fish Meal Market Imports from Major Countries |
8 Thailand Fish Meal Market Key Performance Indicators |
9 Thailand Fish Meal Market - Opportunity Assessment |
9.1 Thailand Fish Meal Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Thailand Fish Meal Market Opportunity Assessment, By End-Users, 2021 & 2031F |
9.3 Thailand Fish Meal Market Opportunity Assessment, By Source, 2021 & 2031F |
9.4 Thailand Fish Meal Market Opportunity Assessment, By Livestock, 2021 & 2031F |
9.5 Thailand Fish Meal Market Opportunity Assessment, By Source of Species, 2021 & 2031F |
9.6 Thailand Fish Meal Market Opportunity Assessment, By Nature, 2021 & 2031F |
10 Thailand Fish Meal Market - Competitive Landscape |
10.1 Thailand Fish Meal Market Revenue Share, By Companies, 2024 |
10.2 Thailand Fish Meal Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |