FMI’s analysis reveals that the global fish waste management market is currently valued at USD 5,412.0 million in 2023. It is expected to grow significantly, reaching a market valuation of USD 7,234.0 million by 2033. The Adoption of fish waste management systems is likely to grow at a CAGR of 2.9% during the forecast period. The industry for fish waste management will increase as a result of growing awareness of environmental sustainability. The need to utilize waste resources, and increasing demand for alternative products, and processes in various industries is also likely to augur well for the market. Demand for fish waste management will also be driven by efficient waste management and circular economy practices
The market is anticipated to grow over the next ten years because of creative promotional strategies used by major fish waste processors while utilizing fish by-products in eco-friendly ways.
Fish waste processors are using advanced technologies to convert fish waste into renewable energy sources such as biogas and biofuels. Processors are finding ways to convert waste into valuable products such as oils, collagen, and fishmeal to be used in various industries.
Efficient fish waste management reduces the risk of ecological disruption by preventing waste accumulation in aquatic ecosystems. Treating fish waste correctly helps to safeguard marine and freshwater ecosystems, preserving biodiversity and maintaining the delicate aquatic habitat balance.
Processors of fish waste are partnering with other industries and organizations to improve waste management practices. This involves waste collection contracts with aquaculture farms, collaboration with research institutes to create innovative technology, and involvement with government authorities to ensure waste management regulations are followed.
Key Takeaways from the Fish Waste Management Report:
- The global fish waste management market is anticipated to be worth USD 7,234.0 million by 2033.
- Global demand for fish waste management is likely to soar at 2.9% CAGR over the forecast period.
- Based on the source, the fish segment is anticipated to reach a valuation of USD 2488.5 million by 2033.
- Based on the end-use industry, the fertilizers segment is anticipated to reach a valuation of USD 1924.2 million by 2033.
- The United States fish waste management market is projected to reach a valuation of USD 1794.03 million by 2033.
- During the forecast period, it is expected that the German market will grow in value at a CAGR of 7.2%.
Top 10 Key Companies Profiled in the Fish Waste Management Market
- Scanbio
- SAMPI
- Biomax Technologies Pvt. Ltd
- Sorbwater
- Blue Ocean Technology
- Scottish Sea Farms
- Vinh Hoan Corporation
- Nam Viet
- Vietnam Food
- Sancho Pancho
These companies are concentrating on expanding their portfolios by launching new products. They also use strategies such as advertisements, partnerships, acquisitions, agreements, and mergers to stay relevant in the market. For instance,
- In 2022, Vietnamese pangasius producer Sao Mai Group successfully processed fish fat into high-value products like cooking oil, margarine, and, shortening.
- Biomax Technologies Pte Ltd has developed Biomax Rapid Thermophilic Digestion Technology, a process of converting organic waste from fish farms and fish processing plants into fertilizer in 24 hours.
Get in Touch for Expert Analysis: Connect with Our Specialist on Email: sales@futuremarketinsights.com
Fish Waste Management Market by Category
By Source:
- Fish
- Shrimp
- Squid
By End-Use Industry:
- Fish Meal and Fish Oil Industry
- Animal Feed
- Pet Food
- Organic fertilizers
- Energy Generation
- Cosmetics
- Pharmaceuticals
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube