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Fish Meal Manufacturing Business

Fish Meal Manufacturing Business. Production of Powdered Fish Meal. Business Opportunities in Fish Feed, Aquaculture Feed Industry

 

Fish meal, coarsely ground powder made from the cooked flesh of fish. Though formerly important as a fertilizer, fish meal is now primarily used in animal feed—especially for poultry, swine, mink, farm-raised fish, and pets. Certain species of oily fish, such as menhaden, anchovy, herring, and pilchard, are the main source of fish meal and its companion product, fish oil.

Fishmeal is a commercial product mainly made from fish that are not used for human consumption. Fish meal is more or less coarse brown flour. It is available in powder or cake obtained by drying the fish or fish trimmings, regularly after cooking, and then grinding it. In addition, it is a valuable animal protein supplement and a supply of vitamins and minerals.

 

Market Outlook

The Global Fishmeal Market is accounted for $6.26 billion in 2017 and is expected to reach $11.96 billion by 2026 growing at a CAGR of 7.4% during the forecast period. Growing demand for naturally sourced protein additives in animal feed, rising consumption of fish as a main food in different regions and increasing number of individuals inclined towards non-vegetarian dishes are some of the key driving factors for the market growth. However, high cost fluctuations and rising substitutes of fishmeal products are some of the factors hindering the market growth. Moreover, the market players have enough opportunity to come up with new and improved products which is going to boost the share of fishmeal in the global market.

A high nutritional benefit obtained from fishmeal additives is supporting its sale across the globe. Shifting consumer’s preferences towards a healthy diet and increasing consumption of seafood are the key drivers for the market. High use of salmon and trout fish in various feed formulation is experiencing a high demand owing to its nutritive characteristics. Additionally, the presence of high amount of proteins & vitamins in fish has uplifted the fishmeal market. Moreover, increased demand for non-vegan food has uplifted the demand for nutritive feed, which has uplifted the fishmeal market.

The global fishmeal market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific is dominating the fishmeal market followed by North America. In the Asia Pacific region, India and China are the major consumers of fishmeal, which have resulted in the market growth of this region. Furthermore, increasing consumption of seafood and aquatic animals in the developing countries of Asia Pacific region has positively resulted in the growth of the fishmeal market.

The major growth factors of the fishmeal market are natural protein additives, the rapid expansion of the feed industry; extensive farming of aquaculture species likes salmon and Crustaceans. Moreover, an increasing number of non-vegetarian in a global perspective is also creating a huge demand for fishmeal for rapid expansion of the aquaculture industry. But, the increasing adoption of fish meal substitute will hinder the growth of the fish meal industry.

By end user, the aquaculture section is currently the fastest growing food production systems globally. Fishmeal into diets of aquatic animals assists to decrease pollution from the wastewater effluent by providing better nutrient digestibility. The aquaculture segment is further categorized into salmon & trout, cyprinids, crustaceans, marine fish and Other Aquacultures. By application, the animal feed segment is anticipated to radiate high market attractiveness and is projected to register a high CAGR and is likely to show dominance over the forecast period in the global market.

The major growth factors of the fishmeal market are natural protein additives, the rapid expansion of the feed industry; extensive farming of aquaculture species likes salmon and Crustaceans. Moreover, an increasing number of non-vegetarian in a global perspective is also creating a huge demand for fishmeal for rapid expansion of the aquaculture industry. But, increasing adoption of fish meal substitute will hinder the growth of fish meal Industry.

Some of the key players profiled in the global fishmeal market: Oceana Group Limited (South Africa)FMC Corporation (U.S.), Empresas Copec S.A. (Chile), Biomega AS (Norway), Croda International Plc. (U.K), Pioneer Fishing (Pty) Ltd. (South Africa), Omega Protein Corporation (U.S.), Calysta, Inc. (U.S.), The Scoular Company (U.S.), and Aker Biomarine Antarctic AS (Norway)

India Aquaculture Feed Market

The India Aquaculture Feed Market was valued at USD 1.20 billion in 2017 and is expected to register a CAGR of 10.4% during the forecast period (2018-2023). India feed mills have the capacity to produce 2.88 million metric ton. Andhra Pradesh is the largest feed consuming state in India. The coastal line of the country is about 7,517 kilometers with 195.20 kilometers of river and canal systems. The country consists of 14 rivers, 44 medium rivers, and many small rivers. The country also has tanks and ponds. By these sources, it is clear that the aquaculture industry is huge in India which provides huge opportunity and potential for aquaculture feed industry.

The market is segmented based on the type of feed like fish feed, mollusks feed, crustaceous feed. The fish feed is further sub segmented into carp feed, salmon feed, tilapia feed, catfish feed and others. Carps account for 89% of the total fresh water aquaculture production in the country. There are four types of carps feed available in the Indian market. They are carp spawn feed, carp fry feed, carp grow-out feed, carp brood feed. The farming of tilapia fish is limited in India but the production of tilapia feed is huge.

Due to increase in aquaculture cultivation, the demand for production and consumption of aqua feed is expected to increase. Therefore, the report also covers the aquaculture feed market forecast till 2020, along with the production and consumption of aqua feed by finfish and shrimp fish.

Some of the factors favoring the market growth are increasing demand for seafood trading, rising consumer awareness about good quality seafood products, easy availability of fish meal. However, growing raw material prices, stringent environmental regulations about fishing is restricting the market. In addition, increasing government initiatives to support aquaculture, rising disposable incomes in developing countries are some of the major opportunities during the forecast period.

 

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• Good Present/Future Demand
• Export-Import Market Potential
• Raw Material & Manpower Availability
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Our Market Survey cum Detailed Techno Economic Feasibility Report Contains following information:

 

 

Ø  Introduction

·         Project Introduction

·         Project Objective and Strategy

·         Concise History of the Product

·         Properties

·         BIS (Bureau of Indian Standards) Provision & Specification

·         Uses & Applications

 

Ø  Market Study and Assessment

·         Current Indian Market Scenario

·         Present Market Demand and Supply

·         Estimated Future Market Demand and Forecast

·         Statistics of Import & Export

·         Names & Addresses of Existing Units (Present Players)

·         Market Opportunity

 

Ø  Raw Material

·         List of Raw Materials

·         Properties of Raw Materials

·         Prescribed Quality of Raw Materials

·         List of Suppliers and Manufacturers

 

Ø  Personnel (Manpower) Requirements

·         Requirement of Staff & Labor (Skilled and Unskilled) Managerial, Technical, Office Staff and Marketing Personnel

 

Ø  Plant and Machinery

·         List of Plant & Machinery

·         Miscellaneous Items

·         Appliances & Equipments

·         Laboratory Equipments & Accessories

·         Electrification

·         Electric Load & Water

·         Maintenance Cost

·         Sources of Plant & Machinery (Suppliers and Manufacturers)

 

Ø  Manufacturing Process and Formulations

·         Detailed Process of Manufacture with Formulation

·         Packaging Required

·         Process Flow Sheet Diagram

 

Ø  Infrastructure and Utilities

·         Project Location

·         Requirement of Land Area

·         Rates of the Land

·         Built Up Area

·         Construction Schedule

·         Plant Layout and Requirement of Utilities

 

Project at a Glance

Along with financial details as under:

 

  •     Assumptions for Profitability workings

  •    Plant Economics

  •    Production Schedule

  •    Land & Building

            Factory Land & Building

            Site Development Expenses

  •    Plant & Machinery

             Indigenous Machineries

            Other Machineries (Miscellaneous, Laboratory etc.)

  •    Other Fixed Assets

            Furniture & Fixtures

            Pre-operative and Preliminary Expenses

            Technical Knowhow

            Provision of Contingencies

  •   Working Capital Requirement Per Month

             Raw Material

            Packing Material

            Lab & ETP Chemical Cost

           Consumable Store

  •   Overheads Required Per Month And Per Annum

         Utilities & Overheads (Power, Water and Fuel Expenses etc.)

             Royalty and Other Charges

            Selling and Distribution Expenses

  •    Salary and Wages

  •    Turnover Per Annum

  •   Share Capital

            Equity Capital

            Preference Share Capital

 

  •    Annexure 1:: Cost of Project and Means of Finance

  •    Annexure 2::  Profitability and Net Cash Accruals

                Revenue/Income/Realisation

                Expenses/Cost of Products/Services/Items

                Gross Profit

                Financial Charges     

                Total Cost of Sales

                Net Profit After Taxes

                Net Cash Accruals

  •   Annexure 3 :: Assessment of Working Capital requirements

                Current Assets

                Gross Working. Capital

                Current Liabilities

                Net Working Capital

                Working Note for Calculation of Work-in-process

  •    Annexure 4 :: Sources and Disposition of Funds

  •    Annexure 5 :: Projected Balance Sheets

                ROI (Average of Fixed Assets)

                RONW (Average of Share Capital)

                ROI (Average of Total Assets)

  •    Annexure 6 :: Profitability ratios

                D.S.C.R

                Earnings Per Share (EPS)

               

             Debt Equity Ratio

   •     Annexure 7   :: Break-Even Analysis

                Variable Cost & Expenses

                Semi-Var./Semi-Fixed Exp.

                Profit Volume Ratio (PVR)

                Fixed Expenses / Cost 

                B.E.P

  •   Annexure 8 to 11:: Sensitivity Analysis-Price/Volume

            Resultant N.P.B.T

            Resultant D.S.C.R

   Resultant PV Ratio

   Resultant DER

  Resultant ROI

          Resultant BEP

  •    Annexure 12 :: Shareholding Pattern and Stake Status

        Equity Capital

        Preference Share Capital

  •   Annexure 13 :: Quantitative Details-Output/Sales/Stocks

        Determined Capacity P.A of Products/Services

        Achievable Efficiency/Yield % of Products/Services/Items 

        Net Usable Load/Capacity of Products/Services/Items   

       Expected Sales/ Revenue/ Income of Products/ Services/ Items   

  •    Annexure 14 :: Product wise domestic Sales Realisation

  •    Annexure 15 :: Total Raw Material Cost

  •    Annexure 16 :: Raw Material Cost per unit

  •    Annexure 17 :: Total Lab & ETP Chemical Cost

  •    Annexure 18  :: Consumables, Store etc.,

  •    Annexure 19  :: Packing Material Cost

  •    Annexure 20  :: Packing Material Cost Per Unit

  •    Annexure 21 :: Employees Expenses

  •    Annexure 22 :: Fuel Expenses

  •    Annexure 23 :: Power/Electricity Expenses

  •    Annexure 24 :: Royalty & Other Charges

  •    Annexure 25 :: Repairs & Maintenance Exp.

  •    Annexure 26 :: Other Mfg. Expenses

  •    Annexure 27 :: Administration Expenses

  •    Annexure 28 :: Selling Expenses

  •    Annexure 29 :: Depreciation Charges – as per Books (Total)

  •   Annexure 30   :: Depreciation Charges – as per Books (P & M)

  •   Annexure 31   :: Depreciation Charges - As per IT Act WDV (Total)

  •   Annexure 32   :: Depreciation Charges - As per IT Act WDV (P & M)

  •   Annexure 33   :: Interest and Repayment - Term Loans

  •   Annexure 34   :: Tax on Profits

  •   Annexure 35   ::Projected Pay-Back Period And IRR