The global Fish Waste Management Market is estimated to be worth USD 5,412.0 million by 2023 and is projected to reach a value of USD 7,234.0 million by 2033 reflecting a CAGR of 2.9% over the assessment period 2023 to 2033
Key Trends Listed by Future Market Insights (FMI):
Fish waste is actually a by-product obtained from fish processing and fishing operations. Fish components like head, skin, tail, and bones, are generally considered as fish waste. The increasing amount of such fish waste can harm the environment and thus require recycling and disposing of such waste has become necessary.
The negative impacts of fish farming on the marine environment, in particular, have become a source of public concern. The fish processing strategies differ amongst factories in terms of raw material, utility source, and unit operations. Fish processing activities generate trash such as solid waste and liquid waste in the majority of processing enterprises. Organic pollutants are included in this waste in soluble, colloidal, and particle forms. The pollution in fisheries wastewater is an indeterminate mixture of primarily organic compounds.
Efficient fish waste management aligns with circular economy concepts. Fish waste can be recycled and repurposed into new goods or processes by treating it as a valuable resource. This decreases dependency on virgin resources, reduces waste output, and supports a more sustainable and circular resource management approach.
Proper fish waste management can result in cost savings for fishery and seafood processing enterprises. Instead of incurring waste disposal costs, good management can produce extra revenue streams by recovering and using valuable components that exist in the waste. This has the potential to improve the industry's overall profitability.
Due to the availability of organic nutrients and minerals, fish meal and fish emulsions are currently used in fertilizers and soil additives. It is used in producing aquatic plants and algae in integrated aquaculture systems. Such fish waste has found applications in the pharmaceutical and nutraceutical industries.
Adopting efficient fish waste management practices displays social responsibility by reducing the environmental impact of the fishing and seafood business. It encourages sustainable practices, minimizes pollution, and improves the general health of local communities and ecosystems.
| Attributes | Key Insights |
|---|---|
| Estimated Global Fish Waste Management Market Size (2023E) | USD 5,412.0 million |
| Projected Fish Waste Management Market Value (2033F) | USD 7,234.0 million |
| Value-based CAGR (2023 to 2033) | 2.9% |
| Top 3 Countries’ Value | USD 3913.6 million |
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| Market Statistics | Details |
|---|---|
| Jan to Jun (H1), 2021 (A) | 5.0% |
| Jul to Dec (H2), 2021 (A) | 5.3% |
| Jan to Jun (H1), 2022 Projected (P) | 5.2% |
| Jan to Jun (H1), 2022 Outlook (O) | 6.0% |
| Jul to Dec (H2), 2022 Outlook (O) | 6.0% |
| Jul to Dec (H2), 2022 Projected (P) | 5.5% |
| Jan to Jun (H1), 2023 Projected (P) | 5.2% |
| BPS Change: H1, 2022 (O) to H1, 2022 (P) | 48 |
| BPS Change: H1, 2022 (O) to H1, 2021 (A) | 72 |
| BPS Change: H2, 2022 (O) to H2, 2022 (P) | -50 |
| BPS Change: H2, 2022 (O) to H2, 2022 (A) | 77 |
According to the Future Market Insights (FMI) analysis, global fish waste management sales grew at a CAGR of 4.4% from 2018 to 2022. For the next ten years, the worldwide market for Fish Waste Management is forecast to progress at 2.9% CAGR.
The fishing industry produces a lot of waste including heads, tails, offal, scales, fins, and skin. These wastes need to be recycled to avoid their negative effects on the marine ecosystem. As a result, these by-products are finding their applications in food, cosmetics, animal feed, fertilizer, biofuels, and the pharmaceutical industry.
Technological advancements are crucial in improving the economics and environmental performance of fish waste management. Biorefinery technologies that transform fish wastes into multiple value-added products, nanofibers created from fish skins, enzymatic treatments that boost the digestibility of fish proteins, and extrusion technologies are examples of new methods.
Managing fish waste presents several challenges, including high collection, transportation, storage, processing, and disposal costs; seasonality and variability in catch volumes; regulatory hurdles related to health and safety standards for waste handling; concerns about the environmental impact of waste disposal and open ocean dumping; and competition from alternative sources of protein for use as feedstocks.
People nowadays are finding opportunities to create employment in this area. People have studied the potential of these value-added products in a variety of industries. They support waste valorization initiatives that have the potential for economic advantages and encourage a circular economy.
Companies can create and supply comprehensive waste management solutions in the fish waste management sector. Businesses can tap into several market areas and respond to the increasing need for sustainable waste management practices, ranging from waste collection and processing technology to the manufacture of value-added products.
Principal Consultant
| Region | North America |
|---|---|
| Country | United States |
| CAGR | 3.9% |
| BPS Analysis | 80 |
| Market Value (2033) | USD 1794.03 million |
| Region | Europe |
|---|---|
| Country | United Kingdom |
| CAGR | 4.6% |
| BPS Analysis | 90 |
| Market Value (2033) | USD 513.61 million |
| Region | Europe |
|---|---|
| Country | Germany |
| CAGR | 7.2% |
| BPS Analysis | 130 |
| Market Value (2033) | USD 817.44 million |
| Region | Asia Pacific |
|---|---|
| Country | China |
| CAGR | 5.2% |
| BPS Analysis | 280 |
| Market Value (2033) | USD 1186.38 million |
| Region | Asia Pacific |
|---|---|
| Country | India |
| CAGR | 4.9% |
| BPS Analysis | 50 |
| Market Value (2033) | USD 607.66 million |
| Region | Asia Pacific |
|---|---|
| Country | Japan |
| CAGR | 6.3% |
| BPS Analysis | 380 |
| Market Value (2033) | USD 933.19 million |
Consumer health consciousness, societal preference towards sustainability & efficiency, and technological advancements driving the market in Japan
As per Future Market Insights, the Japan fish waste management market is expected to reach a valuation of around USD 933.19 million by 2033. It will therefore hold a prominent value share of 12.9% in the East Asia market.
Japan is understood for its modern and efficient ways of managing fish waste. With an extended record of fishing and a thriving seafood enterprise, they have evolved and applied progressive strategies to correctly control fish waste
The Japanese fish waste control business is basically concentrated inside the Kansai region, which is home to the majority of the country's fish farming. Other places, like the Tohoku location, have huge potential, as there may be a developing need for sustainable seafood and fish waste control products.
In the management of fish waste, Japan emphasizes the concept of resource recovery. Diverse technologies are used to recover valuable components from fish waste and use them for a variety of applications. Proteins, lipids, and other bioactive components are recovered from fish waste using enzymatic hydrolysis, fermentation, and other advanced processing methods for use in the food, feed, and pharmaceutical industries.
Japan has also developed methods by which fish waste can be turned into quality Carbon-based Nanomaterial. Japan has invested in the study and development of innovative fish waste treatment technology. Fish waste is converted into valuable products using advanced processing processes such as enzymatic and microbiological conversion. Effective wastewater treatment systems are also used to minimize the environmental impact of fish waste disposal.
Recognizing the significance of fish waste as a resource, technical developments, and increased environmental awareness in the United States driving Fish Waste Management Market
According to FMI analysis, the United States Fish Waste Management industry is poised to exhibit a CAGR of 3.9% during the assessment period. By 2033, the United States market size is expected to reach USD 1794.03 million.
Aquaculture is practiced throughout the United States but the majority of its production takes place in its southern region. The country has diversified its fishing industry and has established various aquaculture facilities and processing industries.
Fish wastes degrade rapidly in warm temperatures. If not appropriately stored or managed, fish wastes create aesthetic problems and strong odors as a result of bacterial decomposition. The organic components of the waste have a high biological oxygen demand and, if not managed properly, high oxygen demand poses environmental and health problems. Some fish wastes are transported for disposal at sea.
In order to control the dumping of fish waste directly into the ocean Environmental Protection Agency (EPA) has issued special permits and research permits under the Marine Protection, Research and Sanctuaries Act (MPRSA). For the fish processing waste disposal, EPA also designated an ocean disposal site off American Samoa.
Expanding fish processing sector and initiatives to convert fish waste into value-added items create opportunities in Indian Fish Waste Management Market
Fish Waste Management demand in India is anticipated to rise at a steady CAGR of 4.9% during the forecast period from 2023 to 2033. By the end of 2033, India is likely to hold a market share of 8.4% in the South Asia market.
India’s fisheries production is majorly sourced from both inland and marine resources, as it has a long coastline stretching almost two-thirds of the country (about 8129 km) with economic zones of approx. 2 million square kilometers and huge reservoirs offering surplus production of fish and fishery products.
As the sector grows, so does the amount of fish waste produced, requiring the development of appropriate waste management systems. India is blessed with a variety of fishes that are found along the coastline but at the same time, the amount of dumping is also large by trawlers.
This waste going to be dumped can be converted into value-added products in different industries such as aquaculture feed, pet food, pharmaceuticals, and cosmetics. The potential of generating such value-added products opens up opportunities for the Indian fish waste management industry.
In a densely populated country like India, fish waste is a huge concern. It makes the seashore unsanitary and unsuitable for fishing villages. The Central Institute of Brackishwater Aquaculture (CIBA) started working to provide training and equipment to transform fish waste into two value-added products including PlanktonPlus, which is used in aquaculture to promote healthy plankton, and HortiPlus, an organic manure for horticulture. CIBA primarily works with aquaculture producers and saw the waste-to-wealth program as an opportunity to help local people, clean up the environment, and increase aquaculture activities.
Demand in the Market Remain High for Fish as a Source of overall Fish Waste
Based on source type, demand is expected to remain high for fish sources during the assessment period. As per Future Market Insights, with a market share of around 34.4%, the surimi fish source segment is projected to reach a valuation of USD 2488.50 million in 2033.
The fish waste consists of solid, semi-solid, and some liquid waste. The scales, whole fish, and bones are considered solid waste. Viscous substances such as blood, mucus, intestinal contents, and other semi-solid waste are examples of semi-solid waste. Both water-diluted mixtures and concentrated substances are considered liquid waste.
The decomposition of the wastes is influenced by autolysis, bacterial degradation, and lipid oxidation. During the degradation of the fish waste, the emission of the offensive odor along with leakage of body fluids imposes serious ill effects on the environment.
Fish waste management involves collecting, handling, and processing of fish-derived by-products to minimize environmental pollution and maximize resource utilization. This waste has the potential to be used in various industries by using processes such as composting and anaerobic digestion.
Sustainability and reduced dependency on synthetic alternatives attracting fertilizer industries
The fertilizer segment in the end-use industry is expected to hold a 34.4% share during the projection period to reach a market valuation of USD 1924.2 million in 2033.
Elements found in fish waste consist of essential elements such as nitrogen, phosphorous, and potassium. They are used in making organic fertilizers and are high in organic matter which also improves soil structure and increases microbial activity.
Apart from recovering high-value by-products from fish solid waste, another effective method of utilizing fish waste is the development of organic fertilizers. Fish waste is high in nitrogen and has the potential to be a valuable plant fertilizer. The concentration of nutrients in waste varies substantially depending on species, size, and, in particular, waste part.
Developing alternative viable and cost-effective eco-friendly procedures is of utmost importance, in order to prevent the environmental pollution caused due to dumping fish processing waste into water bodies and landfills. Biotransformation methods are developed for the effective conversion of this nutrient-rich waste into beneficial organic products, especially for promoting their sustainable applicability in organic farming
Environment pollution can be minimized by using fish waste as a fertilizer which will also improve soil quality rather than using chemical fertilizers. Consumers nowadays are getting conscious about their actions on environmental health and thus this is increasing the interest in organic farming practices.
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Leading Fish Waste Management manufacturers are constantly launching a new range of products to meet consumer demand. They are also using strategies such as mergers & acquisitions, partnerships, distribution agreements, collaborations, advertisements, and celebrity endorsements to gain a competitive edge in the market.
For instance:
| Attribute | Details |
|---|---|
| Market Size Value in 2023 | USD 5,412. million |
| Market Forecast Value in 2033 | USD 7,234.0 million |
| Anticipated Growth Rate (2023 to 2033) | 2.9% CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Volume (MT) and Value (USD Million) |
| Key Regions Covered | Latin America; North America; Europe; South Asia; East Asia; Oceania; and Middle East & Africa |
| Key Countries Covered | Canada, United States, Mexico, Brazil, Chile, Peru, Argentina, Germany, France, Italy, Spain, United Kingdom, Netherlands, Belgium, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, and others |
| Key Market Segments Covered | Source, End-use Industry and Region |
| Key Companies Profiled | Scanbio; SAMPI; Biomax Technologies Pvt. Ltd; Sorbwater; Blue Ocean Technology; Scottish Sea Farms; Vinh Hoan Corporation; Nam Viet; Vietnam Food; Sancho Pancho |
The United States, Japan, and China dominate the global market.
The market is forecast to register a CAGR of 2.9% through 2033.
During 2018 to 2022, the market grew at a CAGR of 4.4%.
Technological advancement disrupts the current market trends.
The global market size to reach USD 7,234.0 million by 2033.
1. Executive Summary 2. Market Overview 3. Market Dynamics 4. Value Chain Analysis 5. Global - Pricing Analysis 6. Global Market Size Value (USD Million) and Volume (MT) Analysis 2018 to 2022 and Forecast, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source 7.1. Fish 7.2. Shrimp 7.3. Squid 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use Industry 8.1. Fish Meal and Fish Oil Industry 8.2. Animal Feed 8.3. Pet Food 8.4. Organic fertilizers 8.5. Energy Generation 8.6. Cosmetics 8.7. Pharmaceuticals 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia 9.6. Oceania 9.7. Middle East & Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. Middle East & Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Country-level Market Analysis, 2022 18. Market Structure Analysis 19. Competition Analysis 19.1. Scanbio 19.2. SAMPI 19.3. Biomax Technologies Pvt. Ltd 19.4. Sorbwater 19.5. Blue Ocean Technology 19.6. Scottish Sea Farms 19.7. Vinh Hoan Corporation 19.8. Nam Viet 19.9. Vietnam Food 19.10. Sancho Pancho 19.11. Other Players (On Additional Requests) 20. Assumptions and Acronyms Used 21. Research Methodology
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Fish Waste Management Market
