Fishmeal & Fish Oil Market Report 2026

The fishmeal & fish oil market size has grown strongly in recent years. It will grow from $11 billion in 2025 to $11.77 billion in 2026 at a compound annual growth rate (CAGR) of 7%. The growth in the historic period can be attributed to expansion of aquaculture farming, established use in livestock feed, availability of marine raw materials, growth of fish processing industry, demand from animal nutrition sector.

The fishmeal & fish oil market size is expected to see strong growth in the next few years. It will grow to $15.48 billion in 2030 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to growing demand for sustainable aquafeed, rising consumption of omega-3 supplements, expansion of pharmaceutical applications, increasing regulatory focus on sourcing, innovation in fish byproduct utilization. Major trends in the forecast period include growing demand for high-protein animal feed ingredients, rising use in aquaculture nutrition, expansion of omega-3 rich fish oil applications, increasing focus on sustainable fish sourcing, enhanced processing efficiency and quality control.

The increasing health consciousness among consumers is expected to drive the growth of the fish meal and fish oil market. Health consciousness reflects the extent to which individuals actively care for their health. Growing awareness of healthy lifestyles has increased demand for nutrient-rich foods, including fish, which is a high-quality, low-fat protein source rich in omega-3 fatty acids and vitamins D and B2 (riboflavin). Incorporating fish into diets at least twice a week is recommended for health benefits, which is boosting demand for fish meals and fish oil. For instance, in June 2024, according to the International Food Information Council (IFIC), a US-based non-profit organization, 54% of Americans followed a specific diet or eating pattern over the past year. Interest in increasing protein intake rose from 59% in 2022 to 67% in 2023, reaching 71% in 2024. Additionally, about half of consumers aim to eat more fresh foods, which are widely considered the healthiest options. Therefore, growing health consciousness is supporting the expansion of the fish meal and fish oil market.

Major companies in the fishmeal and fish oil industry are concentrating on launching new innovative products, such as algae omega-3, to maintain their market position. Algae omega-3 refers to omega-3 fatty acids sourced from algae, particularly microalgae. As awareness increases regarding the environmental issues related to overfishing and the growing demand for vegetarian and vegan alternatives, algae omega-3 has emerged as a favored option for those seeking the health benefits of omega-3 fatty acids. For example, in February 2023, VivoMega, a leading producer of marine-derived high omega-3 concentrates based in Norway, introduced a new line of high-concentration vegan omega-3 oils derived from microalgae through specialized processing. The company, in collaboration with its exclusive U.S. distribution partner Barrington Nutritional, will showcase this new range at the Natural Products Expo West trade exhibition in Anaheim.

In April 2024, Pelagia, a producer of pelagic fish products based in Norway, acquired Ideal Foods Limited for an undisclosed sum. This acquisition is anticipated to enhance Pelagia’s standing in the seafood industry by broadening its product range for both human consumption and animal feeds. Through its subsidiary Epax, Pelagia also manufactures concentrated marine-based omega-3 fatty acids for dietary supplements and pharmaceutical uses. Ideal Foods Limited specializes in processing and supplying shellfish, whitefish, tuna, salmon heads, and other fish by-products.

Major companies operating in the fishmeal & fish oil market are Austevoll Seafood ASA, Oceana Group Ltd., Omega Protein Corporation, The Scoular Company, GC Rieber Oils AS, Sürsan Su Ürünleri, TASA - Tecnologica de Alimentos SA, Corpesca SA, FF Skagen A/S, Orizon SA, Pioneer Fishing (Pty) Ltd., TripleNine Group A/S, Pesquera Exalmar SAA, Mukka Sea Food Industries, Pelagia AS, HAYDUK Corporation, Coomarpes SA, Kodiak Fishmeal Company, Copeinca ASA, Havsbrún ehf.

Asia-Pacific was the largest region in the fishmeal and fish oil market share in 2025. The regions covered in the fishmeal & fish oil 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 fishmeal & fish oil market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The fishmeal & fish oil market consists of sales of mackerel and shellfish meals and oils. 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.

This product will be delivered within 1-3 business days.