The global Oyster Meal market is estimated to be worth US$ 934.0 million by 2023 and is projected to reach a value of US$ 2,012.0 million by 2033 reflecting a CAGR of 8.0% over the assessment period 2023–2033
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Oyster Meal market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Oyster Meal market.
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Key Companies Profiled
- Pestell Nutrition
- Purina
- Southside Plants
- Down to Earth Fertilizer
- Penglai Marine Bio-Tech Co., ltd.
- SouthFresh Farms
- Pacific Rim Shellfish
- Cherrystone Aqua-Farms
- Lee Fishing Company
- SVN Bharat Fine Chemicals
- Beihai Hahs Land Biotech Co. Ltd.
- Caltron
- Rappahannock Oyster Company
- Willapa Oysters
- Oyster South
Growing consumer interest in sustainable and natural feed ingredients, increased aquaculture production, and the expanding pet food industry drive oyster meals in the United States
According to Fact.MR analysis, the U.S. oyster meal market is anticipated to grow at a CAGR of 6.2% over the course of the assessment year. By 2033, the United States market size is expected to reach US$ 448.68 million.
Coastal states such as Louisiana, Washington, Virginia, and Maine have boosted oyster cultivation. The increasing humanization of pets has also increased the pet population in the United States which has resulted in an increasing demand for pet food ingredients to be mixed in.
In animal feed compositions, oyster meal is a valuable source of protein. The aquaculture industry is currently using most of the oyster meal in fish, prawns, and shellfish feeds to improve the quality of farmed seafood.
The Hatfield Marine Science Centre at Oregon State University has a project called the Molluscan Broodstock Programme that aims to generate enhanced Pacific oysters. Its specific purpose is to genetically select oysters that grow quickly and are resistant to illness. The U.S. is a significant exporter of oyster meal, meeting the expanding global demand for natural and sustainable feed ingredients. The high quality and dependability of oyster meals produced in the United States create export potential, which strengthens the market even further.
The First Nations of the United States and Canada living along the Pacific Coast are interested in shellfish harvesting and production for a long time. They consider that shellfish culture is not harmful to the environment.
Competitive Landscape:
Leading oyster meal manufacturers are constantly introducing new products that meet consumer demand. To acquire a competitive advantage in the market, they also use techniques such as mergers and acquisitions, partnerships, distribution agreements, collaborations, advertisements, and celebrity endorsements.
For instance,
- In 2020, Pestell Nutrition expanded its feed additive portfolio complementing its existing minerals and feed ingredient product offering. Also, it created a new Pet Specialty Ingredient business segment.
- In 2021, NIWA scientists and the Northland-based Kahukuraariki Trust Board decided to work together to determine whether modern aquaculture practices could be used to farm rock oysters and turn them into a viable industry.
Oyster Meals Market by Category
- By Source :
- Olympia Oyster
- Pacific Oyster
- European Flat Oyster
- Eastern Oyster
- Kumamoto Oyster
- Sydney Rock Oyster
- Others
- By End Use :
- Nutraceuticals industry
- Animal Feed
- Pet Food
- Organic fertilizers
- By Form :
- Powder
- Granulated
- Pellets
- Flakes
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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Queries addressed in the Oyster Meal market report:
- Why are the Oyster Meal market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Oyster Meal market?
- Which regions are displaying the fastest growth in the Oyster Meal market?
- What are the underlying micro-macroeconomic factors affecting the global Oyster Meal market?
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