Growth Strategies in Fishmeal And Fishoil Market Market: 2025-2033 Outlook

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. The increasing demand for aquaculture feed, particularly for high-value species like salmon and trout, is a significant driver. The growing global population and rising per capita consumption of seafood are further bolstering market growth. Moreover, the functional benefits of fish oil, rich in omega-3 fatty acids, are increasingly recognized in human and animal nutrition, driving demand in the pet food and dietary supplement sectors. Technological advancements in fish processing and the development of sustainable fishing practices are also contributing to market expansion. However, the market faces challenges such as fluctuating fish stocks, stringent regulations regarding sustainable fishing, and potential price volatility influenced by global supply chain disruptions.

Segmentation analysis reveals significant market share held by Salmon & Trout in the species type segment, reflecting the high demand for these species in aquaculture. Poultry remains a dominant application segment, owing to the widespread use of fishmeal and fish oil in poultry feed formulations. Geographically, North America and Europe currently hold substantial market shares, but the Asia-Pacific region, particularly China and India, is expected to witness significant growth due to the expansion of aquaculture activities and increasing consumer awareness of the nutritional benefits of fish-based products. Key players in the market are constantly innovating to improve product quality, optimize production processes, and enhance sustainability efforts, driving further market growth and competitiveness. The market is poised for continued expansion, with opportunities for both established players and new entrants looking to capitalize on the growing demand for sustainable and high-quality fishmeal and fish oil.

Dive Deep into the Fishmeal and Fish Oil Market: A Comprehensive 2019-2033 Analysis

This in-depth report provides a comprehensive analysis of the global fishmeal and fish oil market, covering market dynamics, industry trends, leading segments, key players, and future opportunities from 2019 to 2033. The study encompasses historical data (2019-2024), base year (2025), and forecasts until 2033, offering actionable insights for industry stakeholders. This report is invaluable for businesses seeking to understand market trends, identify growth opportunities, and strategize for long-term success within this dynamic sector.

Fishmeal And Fishoil Market Market Dynamics & Concentration

This section analyzes the competitive landscape of the fishmeal and fish oil market, focusing on market concentration, innovation drivers, regulatory frameworks, product substitutes, end-user trends, and mergers and acquisitions (M&A) activity. The market is characterized by a moderate level of concentration, with key players holding significant market share. However, the presence of numerous smaller players creates a competitive environment.

• Market Concentration: xx% of the market is held by the top 5 players. Market share data for individual companies (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) is provided within the full report.
• Innovation Drivers: Sustainability initiatives, technological advancements in processing and extraction, and the development of value-added products drive innovation.
• Regulatory Frameworks: Stringent regulations concerning sustainable fishing practices and environmental protection significantly impact market dynamics.
• Product Substitutes: Plant-based alternatives and single-cell protein sources are emerging as substitutes, though currently with limited market penetration.
• End-User Trends: Growing demand from aquaculture, particularly for salmon and trout, fuels market growth. Shifts in consumer preferences towards healthier diets also influence the demand for fishmeal and fish oil in animal feed.
• M&A Activity: The sector has seen several notable M&A deals in recent years. The report details the number and value of these deals during the study period and analyzes their impact on market dynamics and concentration.

Fishmeal And Fishoil Market Industry Trends & Analysis

This section provides a detailed analysis of industry trends shaping the fishmeal and fish oil market. The market exhibits a healthy CAGR of xx% during the forecast period (2025-2033), driven by several factors. The increasing demand for animal protein globally is a key driver. Furthermore, technological advancements in processing and extraction methods are improving efficiency and product quality. Changes in consumer preferences, specifically a greater focus on sustainability and traceability, also impact the market. Competitive dynamics involve ongoing innovation, strategic partnerships, and M&A activities among industry participants. Market penetration of fishmeal and fish oil in various applications is analyzed, highlighting growth potentials in specific segments.

Leading Markets & Segments in Fishmeal And Fishoil Market

This section identifies the dominant regions, countries, and segments within the fishmeal and fish oil market. The report provides a detailed analysis of market share and growth drivers for each segment.

Species Type:

• Salmon & Trout: This segment holds the largest market share due to the high demand for salmon and trout aquaculture globally.
• Crustaceans: Growing demand for shrimp and other crustaceans contributes to the significant growth of this segment.
• Marine Fish: Remains a substantial segment due to its wide application in various animal feed types.
• Carps, Tilapias, Others: These segments show moderate growth, driven by expanding aquaculture in specific regions.

Application:

• Aquaculture: Remains the dominant application, contributing to over xx% of the total market volume.
• Poultry: Represents a substantial portion of the market, fuelled by the increasing global consumption of poultry.
• Swine: A significant user of fishmeal and fish oil in animal feed.
• Pets: Premium pet food incorporating fishmeal and fish oil contributes to the growth of this segment.

Key drivers for each segment are further analyzed including economic policies, infrastructure development, and regional specific factors.

Fishmeal And Fishoil Market Product Developments

Continuous innovation characterizes the fishmeal and fish oil market. Developments include improvements in extraction technologies, focusing on higher yields and enhanced product quality, leading to greater efficiency and reduced environmental impact. The market is also seeing the emergence of value-added products, such as functional fish oil ingredients with added nutritional benefits, targeting specific market segments and dietary requirements. These developments offer manufacturers competitive advantages in the market.

Key Drivers of Fishmeal And Fishoil Market Growth

Several key factors fuel the growth of the fishmeal and fish oil market. The burgeoning aquaculture industry, driven by increasing global demand for seafood, is a primary driver. Technological advancements in processing and production have enhanced product quality and reduced costs. Moreover, favorable government policies promoting sustainable fishing practices and aquaculture development are contributing to market expansion.

Challenges in the Fishmeal And Fishoil Market Market

The fishmeal and fish oil market faces challenges, including fluctuating raw material prices, sustainability concerns related to overfishing, and stringent regulations regarding environmental protection. Supply chain disruptions due to geopolitical instability can also affect market stability and increase production costs. The increasing competition from plant-based alternatives presents another significant hurdle for the market.

Emerging Opportunities in Fishmeal And Fishoil Market

Opportunities exist in the sustainable sourcing of raw materials, the development of value-added products, and expansion into new markets. Technological innovations, including the use of artificial intelligence (AI) and machine learning (ML) in optimizing production processes, offer significant potential. Strategic partnerships and collaborations among industry players facilitate market expansion and innovation.

Leading Players in the Fishmeal And Fishoil Market Sector

• 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

Key Milestones in Fishmeal And Fishoil Market Industry

• March 2022: Pelagia acquired 100% of Norsk Fiskeindustri Invest AS (NFI), strengthening its position in fishmeal and fish oil production.
• March 2022: The Scoular Company opened a new fishmeal facility in Myanmar, enhancing its presence in the Asian market.
• January 2023: The IDB invested USD 40 Million in Pesquera Exalmar, promoting sustainable fishing practices.

Strategic Outlook for Fishmeal And Fishoil Market Market

The fishmeal and fish oil market is poised for substantial growth. The report highlights potential growth accelerators, such as technological advancements, the expansion of aquaculture, and the increasing demand for sustainable and traceable products. Strategic partnerships and investments in research and development will play a pivotal role in shaping the future of this dynamic market. Companies focusing on sustainable practices and innovation will be best positioned to capture future market share.

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