Fish Powder Market Report 2026

The fish powder market size has grown strongly in recent years. It will grow from $9.4 billion in 2025 to $10.01 billion in 2026 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to increasing availability of fish processing by-products, rising malnutrition concerns in developing regions, expansion of aquaculture production, growth in animal feed demand, adoption of traditional fish preservation methods.

The fish powder market size is expected to see strong growth in the next few years. It will grow to $12.9 billion in 2030 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to increasing demand for micronutrient-enriched foods, rising focus on sustainable protein sources, expansion of functional food applications, growing investments in food processing infrastructure, increasing regulatory support for nutrition fortification. Major trends in the forecast period include increasing utilization of fish by-products for powder production, rising demand for high-protein food supplements, growing adoption of nutrient fortification in staple foods, expansion of low-odor fish powder processing techniques, enhanced focus on food safety and quality standards.

The growth of aquaculture is expected to propel the fish powder market going forward. Aquaculture refers to the cultivation, breeding, and harvesting of aquatic organisms in controlled environments such as ponds, tanks, and ocean enclosures. Fish powder is widely used in aquaculture as a protein-rich feed ingredient that supports growth performance and supplies essential nutrients to farmed aquatic species. For instance, in December 2024, according to the United States Department of Agriculture (USDA), a US-based government agency, there were 3,453 aquaculture farms in the United States in 2023, with total aquaculture product sales reaching US$1.9 billion. Additionally, catfish sales were valued at US$480 million, accounting for 59% of total food fish sales in 2023. Therefore, the expansion of aquaculture activities is driving the growth of the fish powder market.

Major companies operating in the fish powder market are focusing on launching sustainable feed solutions, such as omega-3-rich alternatives, to provide nutritious and environmentally friendly ingredients for aquaculture. For example, in April 2023, MiAlgae, a UK-based microalgal production company, launched NaturAlgae, an omega-3-rich powder suitable for use in aquafeeds. NaturAlgae is a dry powder with a high concentration of DHA and other beneficial oils that can be incorporated into aquafeed formulations to deliver the well-known health benefits of omega-3 fatty acids. Using innovative biotechnology, MiAlgae produces this ingredient by repurposing by-products from the Scotch whisky industry to cultivate omega-3-enriched microalgae. This approach reduces reliance on wild-caught fish, supports sustainability, lowers potential CO₂ emissions, recycles large volumes of water, and helps conserve marine fish stocks.

In May 2023, Scoular, an agribusiness firm based in the United States, completed the acquisition of a frozen fish processing facility from Northwest Farm Food Cooperative. The transaction, valued at an undisclosed amount, was a strategic move by Scoular to bolster and extend its presence in the pet nutrition sector. With the newly acquired facility, Scoular aims to enhance its support to pet food manufacturers by providing high-quality and sustainable fish ingredients, thereby expanding its range of offerings. The facility obtained from Northwest Farm Food Cooperative specializes in repurposing fish trimmings, transforming them into frozen fish ingredients tailored for use in pet food and treat processing. This acquisition positions Scoular to strengthen its foothold in the pet nutrition market while simultaneously contributing to the sustainability of fish-based ingredients in the industry.

Major companies operating in the fish powder market are Austevoll Seafood ASA, Omega Protein Corporation, Daybrook Fisheries Inc., Kodiak Fishmeal Company, Pesquera Exalmar SAA, Pesquera Hayduk S.A., Austral Group SAA, Oceana Group Limited, Dalian Longyuan Fish Meal Co. Ltd., Pelagia AS, Scanbio Marine Group AS, TripleNine Group A/S, FF Skagen A/S, Havsbrún, Norebo Holding AS, Novofood SA, Sopropêche, TASA, Copeinca, China Fishery Group, Pesquera Diamante, Pesquera Centinela.

Asia-Pacific was the largest region in the fish powder market in 2025. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the fish powder market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the fish powder market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The fish powder market consists of sales of fish protein concentrate, fish albumin, glue, gelatin. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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