Fishmeal: Market Share, and Growth Analysis by Livestock (Ruminants, Poultry, Swine, Aquatic Animals, Other Livestock), Source, Application

The Fishmeal Market size is valued at USD 11.5 billion in 2025 and is projected to reach USD 18.3 billion by 2033, registering a compound annual growth rate (CAGR) of 5.95% over the forecast period.

Fishmeal Market Overview

• Fishmeal, a nutrient-rich feed ingredient derived from fish and fish processing by-products, plays a crucial role in global aquaculture and livestock industries. Its high protein content, essential amino acids, and omega-3 fatty acids make it an indispensable component in fish and shrimp farming, poultry, and pig nutrition. The growing demand for protein-rich animal feed, coupled with the rising global consumption of seafood, is driving the expansion of the fishmeal market. However, challenges such as overfishing, sustainability concerns, and supply chain volatility have led to a shift toward alternative protein sources, including plant-based and single-cell proteins. As regulatory pressures increase, industry players are investing in more sustainable fishing practices and innovative production technologies to ensure long-term market viability. The rising popularity of organic and functional feeds is also fostering innovation in fishmeal formulations, pushing manufacturers to focus on quality and efficiency.
• In 2024, the fishmeal market is witnessing dynamic shifts driven by sustainability initiatives and evolving regulatory frameworks. With governments and environmental organizations tightening restrictions on overfishing, major producers are adopting responsible fishing practices and certification programs such as Marine Stewardship Council (MSC) and International Fishmeal and Fish Oil Organisation (IFFO) standards. Technological advancements in fishmeal processing, including enzymatic hydrolysis and fermentation, are enhancing digestibility and nutrient retention, making fishmeal more efficient for aquafeed and livestock applications. Additionally, increased adoption of by-product fishmeal, sourced from fish processing waste, is mitigating pressure on wild fish stocks while supporting circular economy practices. Market players are also exploring novel raw materials such as insect-based proteins and microalgae to complement traditional fishmeal, ensuring a more resilient and diversified supply chain. Meanwhile, demand from emerging markets, particularly in Asia-Pacific and Latin America, is surging due to rapid aquaculture expansion and growing awareness of feed quality’s impact on animal health and yield.
• Looking ahead to 2025 and beyond, the fishmeal market is poised for transformative developments driven by technological innovation, regulatory shifts, and alternative protein adoption. AI and blockchain integration in supply chain management will improve traceability and transparency, allowing stakeholders to monitor sustainable sourcing and ethical production practices. The expansion of precision nutrition in aquaculture and livestock farming will lead to the development of customized fishmeal formulations, optimizing feed efficiency and reducing environmental footprints. Additionally, advancements in fermentation-based fishmeal alternatives and microbial proteins are expected to disrupt traditional production methods, offering viable substitutes with lower ecological impact. As climate change affects fishery resources, adaptive strategies such as sustainable fisheries management and climate-resilient feed ingredients will become critical. Market players will also focus on expanding production capacity through investments in sustainable aquafeed technologies and strategic partnerships with biotechnology firms. Ultimately, the fishmeal industry will transition toward a more balanced and sustainable ecosystem, aligning with the global push for responsible food production and environmental stewardship.

Key Insights: Fishmeal Market

• Rise of By-Product Fishmeal: Increased utilization of fish processing waste to produce fishmeal is reducing reliance on whole fish, supporting sustainability, and improving supply chain efficiency.
• Alternative Protein Integration: The inclusion of insect-based proteins, microalgae, and fermented feed ingredients is diversifying the fishmeal market and reducing pressure on marine resources.
• Advanced Processing Technologies: Innovations such as enzymatic hydrolysis and fermentation are enhancing nutrient bioavailability, improving feed conversion ratios, and optimizing fishmeal quality.
• Digitalization and Supply Chain Transparency: Blockchain and AI-driven traceability solutions are ensuring ethical sourcing, regulatory compliance, and sustainability verification in fishmeal production.
• Increasing Demand from Emerging Markets: Expanding aquaculture sectors in Asia-Pacific and Latin America are driving fishmeal consumption, with a growing emphasis on high-quality feed formulations.
• Growing Aquaculture Industry: Rising global seafood demand and intensified fish farming activities are fueling the need for high-quality fishmeal-based aquafeeds.
• Improved Feed Efficiency and Animal Health: Fishmeal’s superior digestibility and nutrient profile enhance livestock and aquatic animal growth rates, boosting its demand in the feed industry.
• Sustainability and Circular Economy Initiatives: Adoption of eco-friendly fishmeal production practices, including by-product utilization, is supporting long-term resource conservation and market stability.
• Regulatory Support for Quality Feed Ingredients: Stringent regulations promoting high-protein and nutrient-dense feed formulations are increasing fishmeal’s importance in global animal nutrition.
• Environmental and Supply Chain Constraints: Overfishing concerns, climate change effects on marine biodiversity, and unpredictable raw material availability pose significant risks to fishmeal production and long-term market growth.

Fishmeal Market Segmentation

By Livestock:

• Ruminants
• Poultry
• Swine
• Aquatic Animals
• Other Livestock

By Source:

• Salmon and Trout
• Marine Fish
• Carps
• Crustaceans
• Tilapia
• Other Sources

By Application:

• Fertilizers
• Animal Feed
• Other Applications

By Geography:

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Vietnam, Rest of APAC)
• The Middle East and Africa (Middle East, Africa)
• South and Central America (Brazil, Argentina, Rest of SCA)

Fishmeal Market Size Data, Trends, Growth Opportunities, and Restraining Factors:

• This comprehensive Fishmeal market report delivers updated market size estimates from 2024 to 2034, offering in-depth analysis of the latest Fishmeal market trends, short-term and long-term growth drivers, competitive landscape, and new business opportunities. The report presents growth forecasts across key Fishmeal types, applications, and major segments, alongside detailed insights into the current Fishmeal market scenario to support companies in formulating effective market strategies.
• The Fishmeal market outlook thoroughly examines the impact of ongoing supply chain disruptions and geopolitical issues worldwide. Factors such as trade tariffs, regulatory restrictions, production losses, and the emergence of alternatives or substitutes are carefully considered in the Fishmeal market size projections. Additionally, the analysis highlights the effects of inflation and correlates past economic downturns with current Fishmeal market trends, providing actionable intelligence for stakeholders to navigate the evolving Fishmeal business environment with precision.

Fishmeal Market Competition, Intelligence, Key Players, and Winning Strategies to 2034:

• The 2025 Fishmeal Market Research Report identifies winning strategies for companies to register increased sales and improve market share.
• Opinions from senior executives from leading companies in the Fishmeal market are imbibed thoroughly and the Fishmeal industry expert predictions on the economic downturn, technological advancements in the Fishmeal market, and customized strategies specific to a product and geography are mentioned.
• The Fishmeal market report is a source of comprehensive data and analysis of the industry, helping businesses to make informed decisions and stay ahead of the competition. The Fishmeal market study assists investors in analyzing On Fishmeal business prospects by region, key countries, and top companies' information to channel their investments.
• The report provides insights into consumer behavior and preferences, including their buying patterns, brand loyalty, and factors influencing their purchasing decisions. It also includes an analysis of the regulatory environment and its impact on the Fishmeal industry. Shifting consumer demand despite declining GDP and burgeoning interest rates to control surging inflation is well detailed.

What's Included in the Report?

• Global Fishmeal market size and growth projections, 2024-2034
• North America Fishmeal market size and growth forecasts, 2024-2034 (United States, Canada, Mexico)
• Europe market size and growth forecasts, 2024-2034 (Germany, France, United Kingdom, Italy, Spain)
• Asia-Pacific Fishmeal market size and growth forecasts, 2024-2034 (China, India, Japan, South Korea, Australia)
• Middle East Africa Fishmeal market size and growth estimate, 2024-2034 (Middle East, Africa)
• South and Central America Fishmeal market size and growth outlook, 2024-2034 (Brazil, Argentina, Chile)
• Fishmeal market size, share and CAGR of key products, applications, and other verticals, 2024-2034
• Short- and long-term Fishmeal market trends, drivers, challenges, and opportunities
• Fishmeal market insights, Porter’s Five Forces analysis
• Profiles of 5 leading companies in the industry - overview, key strategies, financials, product portfolio and SWOT analysis
• Latest market news and developments

Key Questions Answered in This Report:

• What is the current Fishmeal market size at global, regional, and country levels?
• What is the market penetration of different types, Applications, processes/technologies, and distribution/sales channels of the Fishmeal market?
• What will be the impact of economic slowdown/recission on Fishmeal demand/sales?
• How has the global Fishmeal market evolved in past years and what will be the future trajectory?
• What is the impact of growing inflation, Russia-Ukraine war on the Fishmeal market forecast?
• What are the Supply chain challenges for Fishmeal?
• What are the potential regional Fishmeal markets to invest in?
• What is the product evolution and high-performing products to focus in the Fishmeal market?
• What are the key driving factors and opportunities in the industry?
• Who are the key players in Fishmeal market and what is the degree of competition/Fishmeal market share?
• What is the market structure /Fishmeal Market competitive Intelligence?

Available Customizations:

The standard syndicate report is designed to serve the common interests of Fishmeal Market players across the value chain, and include selective data and analysis from entire research findings as per the scope and price of the publication.

However, to precisely match the specific research requirements of individual clients, several customization options are offered to include the data and analysis of interest in the final deliverable.

Some of the customization requests are as mentioned below:

• Segmentation of choice - Clients can seek customization to modify/add a market division for types/applications/end-uses/processes of their choice.
• Fishmeal Pricing and Margins Across the Supply Chain, Fishmeal Price Analysis / International Trade Data / Import-Export Analysis.
• Supply Chain Analysis, Supply-Demand Gap Analysis, PESTLE Analysis, Macro-Economic Analysis, and other Fishmeal market analytics.
• Processing and manufacturing requirements, Patent Analysis, Technology Trends, and Product Innovations.
• Further, the client can seek customization to break down geographies as per their requirements for specific countries/country groups such as South East Asia, Central Asia, Emerging and Developing Asia, Western Europe, Eastern Europe, Benelux, Emerging and Developing Europe, Nordic countries, North Africa, Sub-Saharan Africa, Caribbean, The Middle East and North Africa (MENA), Gulf Cooperation Council (GCC) or any other.
• Capital Requirements, Income Projections, Profit Forecasts, and other parameters to prepare a detailed project report to present to Banks/Investment Agencies.

Additional support:

• All the data presented in tables and charts of the report is provided in a separate Excel document
• Print authentication allowed on purchase of online versions
• 10% free customization to include any specific data/analysis to match the requirement
• 7 days of analyst support

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