Strategic Drivers of Growth in Fishmeal And Fishoil Market Industry

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. Firstly, the increasing demand for aquaculture feed, particularly for salmon, trout, and other high-value species, significantly boosts consumption. The growing global population and rising disposable incomes in developing nations contribute to increased protein consumption, further driving demand. Additionally, the use of fishmeal and fish oil in pet food, as a source of essential omega-3 fatty acids, is a significant growth driver. While concerns about overfishing and sustainability remain a restraint, the industry is actively addressing these challenges through improved fishing practices, aquaculture development, and the exploration of alternative protein sources. Technological advancements in processing and extraction methods are enhancing efficiency and product quality, contributing to market growth. Segment-wise, salmon and trout species dominate the species type segment, reflecting their significance in aquaculture. Similarly, the poultry and swine sectors represent significant portions of the application segment.

Geographical analysis reveals a diverse market landscape. North America, Europe, and Asia-Pacific are key regions contributing significantly to overall market revenue. However, growth potential remains significant in developing economies within Asia-Pacific and South America, as aquaculture production expands to meet increasing protein demands. Competitive dynamics are characterized by a mix of large multinational corporations and smaller regional players. Leading companies are focusing on sustainable sourcing, innovation in product development, and strategic partnerships to maintain market share and navigate industry challenges. The market is expected to experience a notable shift towards sustainable and traceable sourcing practices in response to consumer and regulatory pressure. This trend presents both opportunities and challenges for market participants, requiring strategic adaptations to maintain competitiveness and meet evolving consumer preferences.

Fishmeal and Fish Oil Market: A Comprehensive Report (2019-2033)

This comprehensive report provides a detailed analysis of the global fishmeal and fish oil market, encompassing market dynamics, growth trends, regional dominance, product landscape, key players, and future outlook. The study period covers 2019-2033, with a base year of 2025 and a forecast period of 2025-2033. The report is essential for industry professionals, investors, and researchers seeking a thorough understanding of this vital sector of the aquaculture and animal feed industries. The parent market is the animal feed industry, while the child market is the specific segment of fishmeal and fish oil within it. Market size values are presented in millions.

Fishmeal and Fish Oil Market Dynamics & Structure

This section analyzes the market structure, identifying key trends and influencing factors. The report examines market concentration, assessing the dominance of major players and the level of competition. We delve into technological advancements driving innovation, including sustainable fishing practices and processing improvements. Regulatory frameworks impacting production and trade are thoroughly examined, alongside an analysis of competitive product substitutes (e.g., plant-based alternatives) and their market impact. Further, the report assesses the evolving demographics of end-users (e.g., shifts in poultry and aquaculture production) and the influence of mergers and acquisitions (M&A) activity. Quantitative insights such as market share percentages for major players and the volume of M&A deals during the study period are provided. Qualitative aspects, such as barriers to innovation in sustainable sourcing, are also discussed.

• Market Concentration: xx% of the market is controlled by the top 5 players in 2025.
• Technological Innovation: Focus on sustainable harvesting and processing technologies.
• Regulatory Landscape: Analysis of regional regulations impacting fishmeal and fish oil production and trade.
• M&A Activity: xx major M&A deals occurred between 2019 and 2024.

Fishmeal and Fish Oil Market Growth Trends & Insights

This section presents a comprehensive analysis of market size evolution, adoption rates across various applications, and the impact of technological disruptions on market growth. The report utilizes XXX (mention specific data source or methodology) to project the compound annual growth rate (CAGR) and market penetration rates for different segments. Consumer behavior shifts, particularly increased demand for sustainable and ethically sourced products, are examined. The analysis considers factors influencing growth including increasing global aquaculture production, rising demand for animal feed, and evolving consumer preferences towards healthier pet food options. Specific market size projections are provided for each year in the forecast period.

• CAGR (2025-2033): xx%
• Market Size (2025): xx Million
• Market Size (2033): xx Million
• Market Penetration (2025): xx% in key segments.

Dominant Regions, Countries, or Segments in Fishmeal and Fish Oil Market

This section identifies the leading regions, countries, and market segments (Species Type and Application) driving market growth. Detailed analysis focuses on market share, growth potential, and key drivers within each segment. Economic policies, infrastructure developments, and consumer preferences are considered. The report highlights the dominant regions based on production, consumption, and trade.

• Species Type: Salmon & trout, Crustaceans, and Marine fish are expected to represent xx%, xx%, and xx% of the market in 2025, respectively.
• Application: Aquaculture (particularly salmon farming) and poultry feed are expected to be the largest consumers.
• Dominant Regions: Peru, Chile, and Norway are key players in production. Asia (China, Vietnam) shows the highest consumption rate.

Fishmeal and Fish Oil Market Product Landscape

This section provides an overview of the fishmeal and fish oil product landscape, detailing product innovations, applications, and performance metrics. The focus is on the unique selling propositions of different products and how technological advancements are shaping the market, including improvements in extraction techniques and the development of high-quality, functional products. Specific examples of innovative products and their features are included.

Key Drivers, Barriers & Challenges in Fishmeal and Fish Oil Market

This section outlines the key drivers and challenges shaping the fishmeal and fish oil market. Drivers include increasing global demand for animal protein, the growth of the aquaculture industry, and advancements in processing technologies. Challenges encompass sustainability concerns, fluctuating raw material prices, and regulatory changes affecting fishing practices. Quantitative data on the impact of these factors on market growth will be included.

• Drivers: Growing aquaculture, increasing demand for animal feed protein, technological improvements.
• Challenges: Sustainable sourcing issues, fluctuating raw material costs, regulatory constraints.

Emerging Opportunities in Fishmeal and Fishoil Market

This section highlights emerging opportunities in the fishmeal and fish oil market, focusing on untapped markets, innovative applications, and evolving consumer preferences. Opportunities include the development of high-value fish oil products (e.g., omega-3 supplements), expanding into new geographical markets, and exploring sustainable sourcing practices to address environmental concerns.

Growth Accelerators in the Fishmeal and Fishoil Market Industry

This section identifies key catalysts driving long-term growth in the fishmeal and fish oil market. This includes technological breakthroughs enabling more efficient and sustainable production, strategic partnerships fostering innovation, and market expansion strategies targeting growing consumer segments.

Key Players Shaping the Fishmeal and Fish Oil 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

Notable Milestones in Fishmeal and Fish Oil Market Sector

• March 2022: Scoular opened a new fishmeal facility in Myanmar, enhancing access to Asian markets.
• March 2022: Pelagia acquired 100% of Norsk Fiskeindustri Invest AS (NFI), expanding its fishmeal and fish oil production capacity.
• January 2023: IDB invested USD 40 million in Pesquera Exalmar, supporting sustainable fishing practices.

In-Depth Fishmeal and Fish Oil Market Outlook

This section summarizes the key growth accelerators identified in the report, providing a concise overview of the future market potential and strategic opportunities for stakeholders. The focus is on long-term trends and the potential for continued growth driven by factors such as increasing global demand, technological advancements, and the growing focus on sustainability.

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