Fishmeal And Fishoil Market Unlocking Growth Potential: 2025-2033 Analysis and Forecasts

Key Insights

The global fishmeal and fish oil market, valued at $8.28 billion in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 11.93% from 2025 to 2033. This expansion is fueled by several key factors. The increasing demand for aquaculture feeds, particularly for salmon and trout, crustaceans, and marine fish, is a major driver. The growing global population and rising per capita consumption of seafood are contributing to this demand. Furthermore, the use of fishmeal and fish oil in pet food and swine feed is also significantly boosting market growth. Technological advancements in processing and production techniques are enhancing efficiency and sustainability, further supporting market expansion. However, challenges remain, including fluctuating raw material prices, concerns about overfishing and sustainable sourcing, and the increasing popularity of alternative protein sources. Regional variations in market growth are expected, with Asia-Pacific and South America anticipated to show strong growth due to expanding aquaculture industries in these regions. North America and Europe, while mature markets, will continue to contribute significantly, driven by consistent demand for high-quality fishmeal and fish oil in animal feed and pet food applications.

The market segmentation highlights the dominance of salmon and trout in the species type category, reflecting the significant demand in the aquaculture sector. Poultry and swine remain the primary applications, although the pet food segment is witnessing considerable growth, spurred by the increasing pet ownership globally. Key players like Pelagia, Pesquera Exalmar, and Austral Group are strategically positioned to capitalize on market opportunities through expansion, innovation, and strategic partnerships. The forecast period (2025-2033) presents considerable opportunities for market players to adapt to evolving consumer preferences and regulatory frameworks related to sustainability and traceability, emphasizing the importance of responsible sourcing and production practices.

Fishmeal And Fishoil Market: A Comprehensive Report (2019-2033)

This dynamic report provides a detailed analysis of the global Fishmeal and Fishoil market, offering invaluable insights for industry stakeholders. Covering the period from 2019 to 2033, with a focus on 2025, this comprehensive study explores market size, growth drivers, competitive dynamics, and future trends. Benefit from actionable intelligence and informed decision-making based on rigorous research and data-driven analysis. Unlock the potential of this lucrative market with our in-depth report.

Fishmeal And Fishoil Market Market Structure & Competitive Landscape

The Fishmeal and Fishoil market exhibits a moderately concentrated structure, with a few dominant players and a larger number of smaller regional operators. The Herfindahl-Hirschman Index (HHI) is estimated at xx in 2025, indicating a moderately competitive landscape. Innovation is driven by the need for sustainable sourcing, improved product quality, and efficient production processes. Regulatory changes concerning sustainable fishing practices and environmental protection significantly impact market operations. Product substitutes, such as plant-based protein sources, present a growing challenge, although fishmeal and fish oil remain crucial components in animal feed due to their nutritional profile.

Key aspects of the market structure include:

• End-user Segmentation: Poultry, swine, aquaculture (aquatic animals), and pet food represent major segments. The aquaculture segment is projected to experience the highest growth.
• M&A Activity: The market has witnessed significant merger and acquisition activity in recent years. The volume of M&A transactions totaled xx Million USD in 2024, driven by companies seeking to expand their market share and access new technologies. Examples include Pelagia's acquisition of Norsk Fiskeindustri Invest AS in 2022.
• Market Concentration: The top 5 players account for an estimated xx% of the global market share in 2025.
• Innovation Drivers: Technological advancements in fishing, processing, and extraction techniques are driving efficiency and sustainability.

Fishmeal And Fishoil Market Market Trends & Opportunities

The global fishmeal and fish oil market is experiencing robust growth, driven by increasing demand from the aquaculture and animal feed industries. The market size is estimated at xx Million USD in 2025 and is projected to reach xx Million USD by 2033, exhibiting a Compound Annual Growth Rate (CAGR) of xx% during the forecast period (2025-2033). This growth is fueled by several key trends:

• Rising Aquaculture Production: The growing global population and increasing demand for seafood are driving expansion in aquaculture, a major consumer of fishmeal and fish oil.
• Technological Advancements: Innovations in sustainable fishing practices, processing techniques, and extraction methods are enhancing efficiency and reducing environmental impact.
• Changing Consumer Preferences: Increased awareness of the nutritional benefits of fish-based products is boosting demand in pet food and human consumption segments (indirectly influencing fishmeal and fish oil demand).
• Competitive Dynamics: Market players are focusing on strategic partnerships, investments in new technologies, and expansion into new markets to enhance their competitiveness. Market penetration rates vary significantly by region and application. Developed markets show relatively high penetration, while emerging markets offer significant growth potential.

Dominant Markets & Segments in Fishmeal And Fishoil Market

The Asia-Pacific region dominates the global fishmeal and fish oil market, driven by high aquaculture production and burgeoning demand from animal feed industries. Within this region, China stands as the leading consumer. In terms of species type, Marine fish accounts for the largest share, followed by Salmon & trout. In the applications segment, aquaculture holds the largest market share and highest growth rates.

Key growth drivers:

• Robust Aquaculture Growth: The Asian market is witnessing significant expansion in aquaculture, leading to increased demand for fishmeal and fish oil.
• Government Support: Policies promoting sustainable aquaculture and animal feed production in several Asian countries are driving industry growth.
• Favorable Economic Conditions: Rising disposable incomes and increased consumer spending on protein-rich diets are bolstering market demand.

Further regional analysis reveals strong growth potential in Latin America and Africa, driven by expanding aquaculture sectors.

Fishmeal And Fishoil Market Product Analysis

Product innovations in the fishmeal and fish oil market focus on enhancing nutritional value, improving sustainability, and refining processing techniques. Technological advancements, such as improved extraction methods and the development of value-added products like fish protein hydrolysates, are improving the market fit of these crucial ingredients. Competitive advantages are derived from sustainable sourcing, cost-effective production, and strong distribution networks.

Key Drivers, Barriers & Challenges in Fishmeal And Fishoil Market

Key Drivers: Increasing demand from the aquaculture and animal feed industries is the primary driver. Technological advancements in sustainable fishing and processing are boosting efficiency and reducing environmental impact. Government support for sustainable aquaculture and animal feed production in many regions is fostering growth.

Challenges: Fluctuations in fish catches due to overfishing and climate change impact supply chain stability. Stricter environmental regulations regarding fishing practices increase operational costs. Competitive pressures from plant-based protein alternatives are also noteworthy. These challenges impact market growth and profitability, with estimates suggesting a potential xx% reduction in profit margins due to increased compliance costs.

Growth Drivers in the Fishmeal And Fishoil Market Market

Technological advancements in sustainable fishing and processing, alongside growing demand from the aquaculture and animal feed sectors, are key growth drivers. Government policies promoting sustainable aquaculture are fostering further expansion. Economic growth in developing countries is enhancing purchasing power, increasing demand for protein-rich products.

Challenges Impacting Fishmeal And Fishoil Market Growth

Regulatory complexities, volatile raw material prices, and increased scrutiny of sustainable fishing practices present significant challenges. Supply chain disruptions and competitive pressures from plant-based alternatives further complicate the market landscape.

Key Players Shaping the Fishmeal And Fishoil Market Market

• Pelagia
• Pesquera Exalmar S A A
• Austral Group S A A
• Triplenine Group A/S
• Pesquera Diamante SA
• Omega Protein Corporation
• The Scoular Company
• Copeinca
• Oceana Group Limited
• FF Skagen

Significant Fishmeal And Fishoil Market Industry Milestones

• March 2022: Pelagia acquired 100% of Norsk Fiskeindustri Invest AS, strengthening its position in fishmeal and fish oil production.
• March 2022: Scoular opened a new fishmeal facility in Myanmar, expanding its reach in the Asian market.
• January 2023: IDB invested USD 40 Million in Pesquera Exalmar, supporting sustainable fishing practices.

Future Outlook for Fishmeal And Fishoil Market Market

The Fishmeal and Fishoil market is poised for continued growth, driven by expanding aquaculture, increasing demand for animal feed, and technological innovations promoting sustainable production. Strategic partnerships, investments in research and development, and expansion into high-growth markets represent significant opportunities for market players. The market is expected to continue its positive trajectory, although challenges related to sustainability and supply chain resilience require ongoing attention.

Fishmeal And Fishoil Market Segmentation

• 1. Species Type
  • 1.1. Salmon & trout
  • 1.2. Crustaceans
  • 1.3. Marine fish
  • 1.4. Carps
  • 1.5. Tilapias
  • 1.6. Others
• 2. Application
  • 2.1. Poultry
  • 2.2. Swine
  • 2.3. Pets
  • 2.4. Aquatic animals
  • 2.5. Others

Fishmeal And Fishoil Market Segmentation By Geography

• 1. North America
  • 1.1. United States
  • 1.2. Canada
  • 1.3. Mexico
  • 1.4. Rest of North America
• 2. Europe
  • 2.1. Germany
  • 2.2. United Kingdom
  • 2.3. France
  • 2.4. Russia
  • 2.5. Spain
  • 2.6. Norway
  • 2.7. Rest of Europe
• 3. Asia Pacific
  • 3.1. China
  • 3.2. Japan
  • 3.3. India
  • 3.4. South Korea
  • 3.5. Rest of Asia Pacific
• 4. South America
  • 4.1. Brazil
  • 4.2. Argentina
  • 4.3. Rest of South America
• 5. Middle East and Africa
  • 5.1. United Arab Emirates
  • 5.2. Saudi Arabia
  • 5.3. South Africa
  • 5.4. Egypt
  • 5.5. Rest of Middle East and Africa