"The Fishmeal Market was valued at $11.5 billion in 2025 and is projected to reach $19.36 billion by 2034, growing at a CAGR of 5.95%."
The fishmeal market is an important segment within the global animal feed industry, focused on the production and use of fishmeal as a high-protein ingredient in the diets of livestock, poultry, and aquaculture species. Fishmeal is derived from fish or fish by-products that are processed and dried to create a nutrient-dense product that is rich in protein, omega-3 fatty acids, and essential amino acids. It is primarily used in the aquaculture industry to feed fish and shellfish, but it also finds applications in poultry and swine feed. The market growth is driven by the rising demand for protein-rich animal feed, the expansion of global aquaculture, and the increasing focus on efficient and sustainable animal nutrition practices.
The Asia-Pacific region dominates the fishmeal market due to the large-scale aquaculture industries in countries like China, India, and Vietnam. North America and Europe are also significant markets, with strong demand for high-quality fishmeal in livestock and poultry feed, as well as regulations promoting sustainable sourcing practices. Key trends in the market include the increasing adoption of alternative protein sources for fishmeal production, the rise in sustainable fishing practices, and innovations in fishmeal processing technologies. However, challenges such as fluctuations in fish stock availability, environmental concerns related to overfishing, and price volatility of fishmeal could impact market growth. Despite these challenges, the fishmeal market is expected to continue expanding, supported by the growing demand for animal protein and the need for sustainable, high-quality animal feed ingredients in global agriculture.
Figure: Global aquaculture production of aquatic animals increased steadily between 2018 and 2024, expanding the base of fed aquaculture systems that rely on high-protein compound feeds. This structural growth in aquaculture directly underpins long-term demand for premium fishmeal.World aquaculture production of aquatic animals (million tonnes, live weight), 2018–2024.

The North American fishmeal market is driven by the rising demand for high-protein animal feed in industries such as aquaculture, poultry, and livestock. As the demand for sustainable and nutrient-rich animal feed increases, fishmeal, a natural source of essential amino acids, has become a key ingredient in animal nutrition. Companies operating in this market are focusing on improving fishmeal production processes to enhance product quality and sustainability, as well as exploring alternative raw materials. The market is also witnessing a rise in demand for fishmeal from the pet food industry due to the increasing trend of premium pet nutrition. The growing awareness of the benefits of fishmeal as a supplement in aquaculture feed and the need for protein-rich feed in agriculture create substantial opportunities for growth. Moreover, the focus on sustainable fishing practices, such as sourcing fishmeal from certified fisheries, presents a key opportunity for players to develop eco-friendly products that meet environmental and consumer demands.
The Asia Pacific fishmeal market is expanding rapidly due to the significant growth in aquaculture, particularly in countries such as China, India, and Vietnam, which are major producers of farmed fish. Fishmeal is widely used as a high-quality protein source in fish feed, and its demand is closely tied to the expansion of aquaculture and seafood consumption in the region. The growing population and increasing disposable incomes in Asia Pacific are also driving the demand for animal-based protein, further boosting the need for fishmeal. Additionally, the region is seeing an increasing shift towards the adoption of sustainable practices in aquaculture, opening doors for the production of eco-friendly fishmeal. Companies in the region are investing in technological advancements to improve fishmeal production efficiency and reduce environmental impact, creating lucrative opportunities for growth. Furthermore, with the rise of the feed industry and pet food demand, there is significant potential for fishmeal applications beyond aquaculture, particularly in livestock and poultry feed.
In Europe, the fishmeal market is experiencing growth driven by the increasing demand for fishmeal as a sustainable and nutrient-rich animal feed ingredient, particularly for aquaculture and livestock farming. The market is benefiting from the growing demand for high-quality protein sources, with fishmeal playing a vital role in ensuring efficient animal growth and health. European fishmeal production is increasingly focusing on sustainability, with companies exploring alternative sourcing methods, such as fishmeal made from by-products and sustainable fishing practices. Additionally, regulatory pressure and consumer preferences for eco-friendly and traceable products are encouraging companies to adopt more transparent supply chains and production processes. The European market is also witnessing rising demand for fishmeal in the pet food industry, as consumers look for premium, protein-rich formulations for their pets. As aquaculture continues to grow in Europe, particularly in regions like Norway and Denmark, there are ample opportunities for companies to expand their market presence by offering innovative and sustainable fishmeal products that meet both nutritional and environmental standards.
| Parameter | Fishmeal Market scope Detail |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2026-2032 |
| Market Size-Units | USD billion |
| Market Splits Covered | By Product, By Application, By End User and By Technology |
| Countries Covered | North America (USA, Canada, Mexico) |
| Analysis Covered | Latest Trends, Driving Factors, Challenges, Trade Analysis, Price Analysis, Supply-Chain Analysis, Competitive Landscape, Company Strategies |
| Customization | 10% free customization (up to 10 analyst hours) to modify segments, geographies, and companies analyzed |
| Post-Sale Support | 4 analyst hours, available up to 4 weeks |
| Delivery Format | The Latest Updated PDF and Excel Data file |
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)
Bosch Security System Inc., Hamla plc, Hochiki Corporation, Honeywell International Inc., Johnson Controls International plc, Napco Security Technologies Inc., Siemens Building Technologies pvt. Ltd., Gentex Corporation, Eaton Corporation Inc., Nittan Company Ltd., Space Age Electronics Inc., Lowa Fire Equipment Company, Hiren Industrial Corporation, Larsen Manufacturing LLC, National Fire Fighting Manufacturing, Tyco International Ltd., Bosch Security System Inc., United Technologies Corp., Cooper Wheelock Inc., Panasonic Corporation, ADT Security Services Inc., WSA Fire Systems Inc., Robert Bosch GmbH, Eaton Corporation, Halma plc, Securiton AG, Securitas AB, Secom Co. Ltd., Fire Equipment Manufacturers’ Association, Walter Kidde & Company, Amerex Corporation, Ansul Incorporated, Buckeye Fire Equipment Company, Chemguard Inc., Elkhart Brass Manufacturing Company, Fike Corporation, Fireboy-Xintex LLC, Firetrace International, FlameStop Australia Pty Ltd., Minimax GmbH & Co. KG
Oct 2025 – TASA (Peru): Converted its Chimbote fishmeal plant to run on natural gas instead of heavy fuels. The upgrade targets lower emissions and more efficient, compliant operations for industrial fishmeal production.
Sep 2025 – TASA (Peru): Launched a program to convert operational waste into compost/fertilizer for local environmental use. The initiative reflects growing circularity and community-linked sustainability efforts at fishmeal sites.
Apr 2025 – Exalmar (Peru): Announced an agreement to acquire 100% of Pesquera Centinela, adding vessels, warehouses, and multiple fishmeal/fish oil plants. The move strengthens Exalmar’s scale, raw material access, and processing footprint.
Feb 2025 – Pelagia (Norway/Denmark): Opened a new factory in Skagen, Denmark to process raw materials delivered by vessels and trucks. The investment expands regional throughput and improves logistics flexibility for marine ingredients supply.
Jan 2025 – Pelagia (Norway): Received industry recognition for decarbonization work at its Måløy fishmeal factory, highlighting ongoing efficiency upgrades and lower-carbon processing in marine ingredient production.
Nov 2024 – Cooke Inc. (Canada/Peru): Completed the acquisition of Copeinca (Peru), one of the world’s major fishmeal and fish oil producers/exporters. The deal strengthens Cooke’s marine-ingredients platform and global supply reach.
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, we offer several customization options to include the data and analysis of interest in the final deliverable.
Some of the customization requests are as mentioned below :
Segmentation of choice – Our 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.
Customization of up to 10% of the content can be done without any additional charges.
Note: Latest developments will be updated in the report and delivered within 2 to 3 working days.
The Global Fishmeal Market is estimated to generate USD 11.5 billion in revenue in 2025.
The Global Fishmeal Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.95% during the forecast period from 2025 to 2034.
The Fishmeal Market is estimated to reach USD 19.36 billion by 2034.
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