Fish Meals: Fishmeal typically comprises 60 – 72 percent protein, 10- 20 percent ash, and 5- 12 percent fat. The fat fraction is high in the health promoting omega-3 long chain polyunsaturated fatty acids EPA and DHA, often referred to as “omega-3s.” Peru is the world’s largest supplier of fish meal, followed in descending order by Chile, Denmark, Norway, and Iceland.
Peru's fishmeal production for 2010 has been estimated at 1.40 million tons, about the same as 2009 and slightly over half (54%) of global fishmeal production. China continues to be the main market for Peruvian fishmeal, with about half of Peruvian fishmeal exports going to this market. Fishmeal moves almost exclusively into livestock and aquaculture feeds. A smaller portion of fishmeal goes into poultry production. As aquaculture production continues to grow, more fishmeal will go towards supplying this industry.
Fish Oils - Demand for fish oil is strong on the world market, and further price increases are likely in the near term. U.S. sales of omega fish oil supplements have topped $500 million and the market continues to grow. During 2009, the oil capsule industry continued to increase its purchases to meet growing demand for omega-3 fish oil for human consumption. Fish oil prices climbed to a record high of $1,800 /ton in 2008 before returning to more normal levels of around $650 /ton in 2009. The jump in value during 2008 reflected a temporary decline in supply from major producers in the face of strong demand.
Bone meal - Bone meal is used for livestock feed. The use of bone meal from ruminants (sheep, cows, goats) in Europe probably resulted in recent "mad cow" food safety issues. The European ban on using ruminant based bone meal in livestock feeds is an opportunity for wild capture seafood bone meal – based feed substitutes.
Fuel - Fish waste can be converted to fish fuel similar to diesel. Fish oil and fish oil biodiesel is an economical alternative in remote communities where large quantities of fish oil are readily available and can compete with diesel oil on a price per gallon basis. Alaska currently produces roughly eight million gallons of fish oil each year. The majority of this oil is produced by the largest fish processors in the Aleutian Islands. Statewide, there is an estimated potential 13 million gallons of unrecovered fish oil each year from the fish waste of Alaska’s many small fish processors.
Bait - Longline and pot fisheries consume large volumes of bait and Alaska imports thousands of tons of bait every year. Opportunity exists to develop a bait market utilizing salmon heads and carcasses where roe has been removed.
Plant Fertilizers - Fertilizer made from Alaska fish waste in the form of hydrolysate offer plant growers high quality substitutes especially rich in nitrogen.
Pet food –There are an estimated 172 million companion animals living in 62 percent of United States households, where pet owners spend on average, $30 billion annually to feed their companions. This spending pattern is increasing, especially within the snacks and treats pet food market currently growing at double digit rates. The growing number of childless couples, singles living alone, and the baby boomers now becoming “empty nesters,” will continue to boost the demand for pets and pet food. Adding Alaska seafood to pet foods and snacks targeting this high end demographic satisfies customer buying preference for pet foods that must be a source of high nutrition, taste, and means of maintaining excellent animal health.
Health products - Alaska seafood products are known for their heart healthy attributes. Omega 3 oils, found in abundance in wild Alaska salmon, is just beginning to be used in today’s fastest growing fish oil based markets in products ranging from fish oil capsules to hair and skin care products.
Stickwater process - The Kodiak Fishery Industrial Technology Center has successfully performed studies on ways of filtering out proteins from fish waste in an attempt to boil down waste into water known as “stickwater.” In addition to reducing costs associated with waste disposal, the protein concentrate removed from the stickwater can be used to boost the protein concentration in food products.