Fish Meal Market By Source (Whole Fish, Fish Trimmings, Anchovy, Sardine, Menhaden, Capelin, Other Sources), By Form (Powder, Granules, Pellets), By Application (Animal Feed, Fertilizer, Pharmaceuticals, Nutraceuticals), By Distribution Channel (Supermarkets, Specialty Stores, Online Retail, Others), By End-User (Aquaculture, Livestock Farming, Agriculture, Pharmaceuticals & Nutraceuticals, Pet Food Industry), Global Market Size, Segmental analysis, Regional Overview, Company share analysis, Leading Company Profiles And Market Forecast, 2025 – 2035

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Industry Outlook

The Fish Meal market accounted for USD 10.24 Billion in 2024 and is expected to reach USD 22.27 Billion by 2035, growing at a CAGR of around 7.32% between 2025 and 2035. Fish Meal Market comprises industries that produce, distribute, and use fish food, a high-protein feed component made up of whole fish or fish trimming. The market is inspired by the increasing demand for fish food due to its superior nutritional value by the market aquaculture, livestock, and pet food industries. General trends include increasing alternative protein sources, progressing in permanent processing techniques, and raw material availability. Consumption of fish food is increasing considerably in emerging economies, especially in the Asia-Pacific.

Report Scope:

Market Dynamics

Growing Demand for Protein-Rich Aquafeed to Support the Expanding Global Aquaculture Industry

Since the stability of fish and shrimp depends on high-quality feeds and the world's seafood consumption is increasing, the Fish Meal Market is predicted to develop significantly due to the increasing requirement of high protein aquafeed in the market for food. Fish feed, which is well known for its high protein content and significant amino acids, is important to enhance the growth and welfare of aquatic animals produced for food. Fish-based diets are growing in popularity as they are better at digesting food and absorbing nutrients than plant-based options. The need for effective and durable feed solutions to serve the growing aquaculture sector is another factor to promote this demand. Therefore, manufacturers are focusing on state-of-the-art processing methods to improve fish food availability and nutritional materials.

The need for premium fish food products is also being increased by growth in aquaculture technology and farming methods. Fish Meal Market is inspired by the rapid detail of aquaculture in nations like China, India, and Indonesia. To balance supply and environmental concerns, regulatory agencies and industry stakeholders are also giving a strong emphasis on permanent fish food sources. The manufacture of new feed yogas that include fish food, which is the best nutrition for cultivated species, increases productivity and profitability. Fish food is still necessary to supply the nutritional needs of the aquaculture industry as it grows.

Increasing Utilization of Fish Meal in Poultry and Livestock Feed for Enhanced Nutrition

Its remarkable nutritional profile is also running its growing use in cattle and poultry feeds, helping the Fish Meal Market. Important nutrients found in abundance in omega-3 fatty acids, minerals, and fish food support better animal development, immunity, and reproduction. Due to its high digestibility, which improves feed efficiency and overall meat quality, fish food is preferred by poultry farmers and cattle producers. In addition, the food that feeds the conversion ratio reduces the number of feeds required for animals to gain the most weight by improving the ratio. Due to its effectiveness, it is a valuable component of animal nutrition.

The need for premium animal feed has increased due to the increasing meat consumption of the world, which has benefited the Fish Meal Market. To improve animal health and increase protein consumption, the livestock industry is connecting fish food to feed the formulas progressively. In addition, research and development efforts are focused on customizing fish food inclusion rates to maximize their benefits while maintaining cost efforts. To solve supply issues, alternative raw materials and permanent sourcing methods are also being investigated. Fish food is an important component of the poultry and livestock feed industry, which guarantees an increase in productivity and profitability despite continuous progress.

Technological Advancements in Fish Meal Processing Improving Yield and Product Quality

Improvement in processing methods resulted in a lot of expansion in the Fish Meal Market. Enzyme-help extraction and better drying techniques are examples of contemporary developments that are increasing production without renouncing important nutrients. This growth makes the manufacture of fish food more durable by reducing waste and increasing productivity. Real-time monitoring and automatic processing facilities reduce the possibility of contamination and guarantee continuous quality. As a result, manufacturers can make premium fish food that satisfies both consumer desires and international regulatory norms.

The processes are being adapted in the manufacture of fish food through the integration of cutting-edge machinery and AI-operated analytics. There are two examples of advanced filtration systems and accurate milling technologies that improve the digestion and purity of fish food products. The aquafeed and cattle feed sectors, which require high-quality protein sources, depend a lot on these progresses. In addition, the environmental impact of fish food production is being reduced by using durable processing techniques. It is estimated that the Fish Meal Market will continue to innovate because of continuous research and development, which will increase productivity and the economy of production.

Expanding Aquaculture Industry in Emerging Economies Driving Demand for High-Quality Fish Meal

The growing aquaculture region, especially in emerging economies, is directly associated with the rise of the Fish Meal Market. With the increasing demand for seafood food, nations like China, Vietnam, Indonesia, and India are making significant investments in fish cultivation. The food of high-quality fish is more important because the best for fish increases aquaculture to guarantee possible nutrition and development. Fish food is an important component of aquafit formulas due to its high protein content. To meet the growing demands of the market, manufacturers are being forced to increase the production of fish food.

The Fish Meal Market was further stimulated by government programs to aid in the development of aquaculture in these areas. Going. Industry growth is being run by policies that support permanent fish farming methods and encourage producers to feed. Consumption of global seafood is increasing, which is also changing market dynamics as farmers seek high-quality food to increase productivity. Supply chains are also being strengthened by collaboration between fish food producers and aquafeed firms. High-quality fish food will continue in high demand as aquaculture expands, affecting the future of the region.

Industry Experts Opinion

“The aquaculture industry is at an inflection point right now. There is a lot of ingenuity in the sector, including how we can use algal-based feeds more productively and creatively. Currently, many algal feeds are expensive, so it is an open question as to how we can reduce costs without increasing associated energy demands.”

• Dr Rosamond Naylor, Professor at Stanford University

Segment Analysis

Based on the Sources, the Fish Meal Market is categorized into whole fish, fish trimmings, anchovy, sardine, menhaden, capelin, and other sources. The market has full fish dominance, such as sardines and anchovies, due to their high protein content and access. Fish trim, a by-product of seafood processing, is becoming more and more popular as an affordable and environmentally friendly raw material. Additionally, significant contributors include Menhaden and Capelin, which are often used to produce high-quality fish food in North America and Europe. Interest in alternative sources is increasing because stability becomes more important, which will reduce dependence on fish taken in the wild.

Based on Form, the Fish Meal Market is divided into three categories, powder, granules, and pellets. Powder is the most used type. Due to its simple digestive and effective nutritional absorption, fish food powder is an aquafeed and preferred component in cattle feed. Due to their ease of handling, storage, and regulated feeding applications, granules and pellets are becoming more and more popular. To improve water stability and reduce waste, pelletized fish food is being employed more and more in aquafeed formulation. The development of various fish food forms to meet the different requirements of the end users is being affected by the increasing demand for customized feed yoga. 

Regional Analysis

The Asia-Pacific region dominates the Fish Meal Market, mainly because China, India, Vietnam, and Indonesia are the houses of the important aquaculture hubs. China is the largest producer and user, using a lot of fish food in aquafeed for its growing seafood area. The area benefits from high demand for high feed in protein, supports the important government for aquaculture, and has an abundance of raw materials. The region's dominance is stronger than sufficient export of fish food from major producers in Chile and Peru to Asia-Pacific. The market is still expanding because of durable fish food sourcing and stress on state-of-the-art processing methods.

Latin America region has the fastest growing rate in the Fish Meal Market due to the increasing production of fish food in Chile and Peru. Due to the increasing demand for premium protein feeds worldwide, Peru, fish food is seeing an increase in the world's largest producer and export. Anchovy fisheries, the main sources of raw materials, are beneficial for the rich maritime ecosystem of the region. Innovative processing techniques in market capacity in Latin America and increasing investment in durable fishing are being improved. The rapid expansion of the region is also helping to increase the export of fish food to Europe and Asia-Pacific. Additionally, government initiatives supporting sustainable fishery management are further accelerating market growth in the region.

Competitive Landscape

Very competitive Fish leading companies in the Fish Meal Market include Oshna Group, Copinka ASA, TASA, FF Skagen, and Omega Protein Corporation. To maintain the leadership of their market, these businesses focus on increasing production capacity, improving processing effectiveness, and guaranteeing permanent sourcing. Mergers, acquisitions, and strategic alliances are specific strategies to expand market access and strengthen global supply chains.

Major companies are spending money on research and development to make premium, high-protein fish food, following strict environmental guidelines. A major discrimination is stability, as businesses embrace alternative raw materials and environmentally responsible fishing methods. Due to the rich supply of anchovies, producers in Latin America, especially in Peru and Chile, have a significant competitive advantage. Meanwhile, Asian players are expanding their processing capabilities to meet growing regional demand. Overall, competition is driven by innovation, sustainability, and the ability to meet evolving industry requirements.

Fish Meal Market, Company Shares Analysis, 2024

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Recent Developments:

• In July 2023, the Kerala University of Fisheries and Ocean Studies started an experimental project to turn organic waste into fish meal. Using black soldier fly larvae, the program hopes to manufacture the protein required for fish feed from organic waste. Organic waste will be isolated at the source for this reason. Amala Eco Clean Private Limited, an Alappuzha-based company that specializes in the treatment of organic waste, is currently working with the initiative to carry it out. Using black soldier fly larvae, the program hopes to manufacture the protein required for fish feed from organic waste.
• In May 2023, Scoular purchased the Burlington frozen fish processing plant owned by Northwest Farm Food Cooperative. Fish trimmings are processed at the factory into frozen fish ingredients for pet food producers. This acquisition enhances Scoular's capacity to offer pet food consumers sustainable, premium fish ingredients all year round by complementing its recently established joint venture fishmeal processing facility in Warrenton, Oregon.

Report Coverage:

By Source

• Whole Fish
• Fish Trimmings
• Anchovy
• Sardine
• Menhaden
• Capelin
• Other Sources

By Form

• Powder
• Granules
• Pellets

By Application

• Animal Feed
• Fertilizer
• Pharmaceuticals
• Nutraceuticals

By Distribution Channel

• Supermarkets
• Specialty Stores
• Online Retail
• Others

By End-User

• Aquaculture
• Livestock Farming
• Agriculture
• Pharmaceuticals & Nutraceuticals
• Pet Food Industry

By Region

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Singapore
• Rest of Asia Pacific

Latin America

• Brazil
• Argentina
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC Countries
• South Africa
• Rest of the Middle East & Africa

List of Companies:

• Oceana Group Limited
• Copeinca
• Empresas Copec
• FF Skagen
• TripleNine Group
• Austevoll Seafood
• The Scoular Company
• Biomega Group
• Sürsan
• Pelagia
• Omega Protein Corporation
• Mukka Sea Food Industries Limited
• Orizon
• TASA
• Kodiak Fishmeal Company
• Hayduk Corporación
• Pesquera Diamante
• Pioneer Fishing Pty Ltd
• Sopesa

Frequently Asked Questions (FAQs)