Fishmeal Market Report Scope & Overview:

The Fishmeal Market size was valued at USD 10.56 Billion in 2025E and is expected to reach USD 17.93 Billion by 2033, growing at a CAGR of 6.84% over the forecast period 2026–2033.

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The market is witnessing increasing demand driven by aquaculture industry expansion, livestock feed optimization, and growing applications in bio-based fertilizers. Fishmeal, due to its protein richness and nutritional properties, is vital for improving animal growth rate and efficiency. Sustainability in sourcing and advancements in fishmeal processing technology are fueling global adoption across animal husbandry and agriculture.

The Fishmeal Market is experiencing strong growth, fueled by the rising need for nutrient-dense feed ingredients and growing aquaculture activities. Greater concerns about food security and sustainable protein sources are strengthening market demand. Key applications extend from aquafeeds to poultry, swine, and fertilizers. Continuous advancements in fishmeal refining, enhanced digestibility, and integration with circular-economy practices ensure market expansion across key global regions.

Fishmeal Market Size and Forecast:

• Market Size in 2025E: USD 10.56 Billion

• Market Size by 2033: USD 17.93 Billion

• CAGR: 6.84% from 2025 to 2033

• Base Year: 2025E

• Forecast Period: 2026–2033

• Historical Data: 2022–2024

Key Fishmeal Market Trends:

• Rising adoption of aquaculture feed is increasing fishmeal requirements as a primary protein source.

• Sustainable fishmeal production from recycled fisheries byproducts is gaining traction.

• Technological advancements in fishmeal processing are enhancing digestibility and nutrient retention.

• Growing use of fishmeal in poultry and swine diets is strengthening demand outside aquaculture.

• Organic and bio-based fertilizers using fishmeal are expanding rapidly.

• Supply chain volatility and raw material shortages are pushing innovations toward sustainable sourcing.

U.S. Fishmeal Market Insights

The U.S. Fishmeal Market size was USD 2.75 Billion in 2025E and is expected to reach USD 4.03 Billion by 2033. According to a study, a 15% increase in U.S. aquaculture production between 2023 and 2025 caused sharp growth in fishmeal demand as feed input. This cause, rising aquafeed consumption, effects higher inclusion of protein-rich fishmeal in livestock diets, improving feed conversion ratio (FCR) and profitability across U.S. farms. Fishmeal utilization helps farmers address productivity goals while maintaining sustainable feeding strategies.

Fishmeal Market Drivers:

• Growing Aquaculture Expansion Worldwide Fuels Rising Demand for Fishmeal

The expanding global aquaculture sector significantly drives fishmeal demand. This cause, rising seafood consumption and increasing reliance on farmed fish, effects greater pressure on suppliers to meet protein-rich dietary requirements. Fishmeal’s unique amino acid composition enhances fish growth, health, and disease resistance, making it irreplaceable in efficiency-driven aquafeeds. Continuous global investment in aquaculture intensification supports steady fishmeal adoption.

In July 2025, salmon farms in Norway increased fishmeal share in feed mixes, achieving an 18% rise in feed efficiency ratios.

Fishmeal Market Restraints:

• Raw Material Scarcity and Sustainability Challenges Restrict Long-Term Growth

Limited raw fish catch and tightening environmental regulations restrain the fishmeal industry. This cause, overfishing fears and sustainability commitments, effects supply volatility and rising costs. Climate variability further impacts raw fish availability. As governments enforce fishing quotas, producers face resource scarcity for fishmeal production. Overdependence on traditional marine sources risks long-term stability unless replaced by byproducts and alternative resources.

In 2024, Peru reduced anchovy quotas by 20%, directly cutting global fishmeal supply and causing a spike in aquafeed costs worldwide.

Fishmeal Market Opportunities:

• Recycling Fishery Byproducts Opens Path to Sustainable Fishmeal Production

Emerging opportunities lie in circular-economy approaches with sustainable production from fishery byproducts. This cause, increased pressure to recycle waste, effects broader raw material availability. Modern plants now convert trimmings and unused fish into high-quality fishmeal. This reduces environmental impact and stabilizes sourcing. Recycling ensures consistent supply while lowering costs, creating scalable and eco-positive growth.

In May 2025, a Chilean fishmeal producer added a recycling-based plant, increasing regional output capacity by 12% while reducing marine raw catch dependency.

Fishmeal Market Segmentation Analysis:

By Source, Marine Fish Lead Market While Crustaceans Register Fastest Growth.

Marine Fish lead with 33% of revenue in 2025E, driven by the consistent high-protein content and large volume availability. This cause, superior nutritional profile, effects strong integration across aquafeeds and poultry diets. Marine-sourced fishmeal offers essential amino acids and micronutrients, enhancing growth and feed conversion ratios. Its reliability and quality make it the primary driver of the fishmeal market, reinforcing its dominance among feed manufacturers globally.

The Crustaceans segment is growing fastest at a 10.87% CAGR, fueled by the utilization of shrimp, crab, and other shellfish byproducts. This cause, sustainable resource use, effects increased adoption in premium aquafeeds and eco-friendly feed blends. Fishmeal from crustacean sources provides high digestibility, minerals, and taste appeal for aquaculture species. Its growing role in sustainable feed solutions is accelerating market penetration and supporting the shift toward responsible aquafeed practices.

By Livestock, Aquatic Animals Lead Market While Swine Register Fastest Growth.

Aquatic Animals lead with a 29% revenue share in 2025E, driven by the intensification of aquaculture operations worldwide. This cause, increased demand for efficient feed conversion and higher yields, effects heavy incorporation of fishmeal into farmed fish and shrimp diets. Its high protein content and digestibility improve growth performance and FCR, making fishmeal a critical component in aquaculture nutrition and sustaining its dominant position in the market.

The Swine segment is growing fastest with a 9.93% CAGR, fueled by rising global pork consumption and expanding pig farming operations. This cause, increasing demand for nutrient-rich feed, effects higher inclusion of fishmeal in pig diets to enhance protein intake, growth, and overall health. Fishmeal’s digestibility and balanced amino acid profile make it ideal for swine nutrition, supporting both small and large-scale farms while driving rapid market growth.

By Application, Animal Feed Leads While Fertilizers Show Fastest Growth.

Animal Feed leads with a 55% share in 2025E, driven by its role in improving feed efficiency in aquaculture, poultry, and swine. This cause, enhanced growth performance and nutrient absorption, effects sustained dominance of fishmeal in livestock diets. Fishmeal’s high protein content, amino acid profile, and digestibility make it a preferred choice for feed manufacturers, reinforcing its critical position in animal nutrition and market demand.

Fertilizers are growing fastest amid the rising trend of organic and sustainable farming. This cause, increasing demand for bio-based and nitrogen-rich nutrient sources, effects stronger adoption of fishmeal as a natural fertilizer. Fishmeal enhances soil fertility, supports crop growth, and reduces reliance on synthetic chemicals. Its eco-friendly nature and nutrient density make it increasingly popular among farmers, accelerating market growth in the agricultural sector.

By Form, Liquid Fishmeal Leads While Powdered Fishmeal Grows Fastest.

Liquid Fishmeal leads with a 43% share in 2025E. Its high digestibility and nutrient availability make it highly effective for aquafeed formulations, enhancing growth and feed conversion ratios in fish and shrimp. This cause, improved nutrient delivery, effects strong integration across aquaculture operations. Farmers and feed manufacturers prefer liquid fishmeal for consistent quality, rapid absorption, and its ability to complement other feed ingredients, reinforcing its dominance in the market.

Powdered Fishmeal is growing fastest due to its ease of handling, transport, and storage. This cause, versatility of format, effects broader adoption across poultry, swine, and ruminant feeds. The powder form allows flexible inclusion rates, easy mixing with other feed components, and longer shelf life, making it attractive for both small and large-scale feed producers. Its practicality supports expanding demand and accelerated market growth globally.

Fishmeal Market Regional Analysis:

North America dominates the Fishmeal Market in 2025E

In 2025E, North America holds an estimated 37% share of the Fishmeal Market, driven by growing aquafeed demand, sustainable feed practices, and advanced livestock farming. The region benefits from high investments in aquaculture research, feed optimization, and technology adoption. Increasing awareness of sustainable fishmeal utilization and efficiency-enhancing solutions further strengthens market expansion. Additionally, large-scale aquaculture and poultry operations support consistent demand, positioning North America as the global leader in fishmeal adoption.

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• United States leads North America’s Fishmeal Market

The U.S. dominates North America due to its strong aquaculture industry, advanced livestock farming practices, and investments in sustainable aquafeed research. Large commercial farms and technological integration in feed management enhance fishmeal efficiency and productivity. Widespread adoption of precision feed monitoring systems and optimized fishmeal inclusion strategies reinforces the U.S. leadership in the regional market. The presence of major feed technology providers also drives consistent growth in North America.

Asia Pacific is the fastest-growing region in the Fishmeal Market in 2025E

The Asia Pacific market is projected to grow at an estimated CAGR of 10.25% from 2025 to 2033, fueled by expanding aquaculture operations, shrimp and prawn production, and increasing livestock feed demand. Rising investments in modern aquafeed practices, fishmeal integration, and precision farming are accelerating market adoption. Strong government support for aquaculture and feed quality regulations further strengthens the region’s rapid growth, positioning Asia Pacific as the fastest-growing fishmeal market globally.

• China leads Asia Pacific’s Fishmeal Market

China dominates the Asia Pacific Fishmeal Market due to its large aquaculture base, rapid shrimp/prawn industry expansion, and strong livestock sector. Investments in feed efficiency technologies, quality monitoring, and fishmeal-based nutrition solutions support sustained growth. Government initiatives promoting modern aquafeed practices and farm-level optimization drive adoption across small, medium, and large-scale farms. China’s focus on improving feed conversion ratios and sustainable aquaculture reinforces its position as the leading contributor to Asia Pacific’s fishmeal revenues.

Europe Fishmeal Market Insights, 2025E

Europe holds a significant share in 2025E, supported by eco-driven adoption of sustainable aquafeed and poultry feed practices. Growing emphasis on regulatory compliance, water efficiency, and environmental sustainability drives fishmeal inclusion. Adoption of modern feed monitoring and optimization technologies further strengthens regional demand.

• Germany leads Europe’s Fishmeal Market

Germany dominates Europe due to advanced agri-tech integration, sustainable fishmeal R&D, and strong compliance with EU eco-regulations. Investments in feed efficiency, precision livestock management, and aquaculture sustainability reinforce Germany’s leadership. The country’s innovation in feed quality monitoring and eco-friendly practices positions it as the top contributor to Europe’s fishmeal market growth.

Middle East & Africa and Latin America Fishmeal Market Insights, 2025E

MEA and Latin America show steady growth in 2025E, driven by livestock and aquaculture expansion. Rising demand for poultry, swine, and aquafeed fuels fishmeal adoption. Brazil dominates Latin America with strong feed demand across poultry and swine operations, while the UAE leads MEA through investments in aquaculture diversification and eco-friendly feed solutions. Regional adoption is supported by sustainable feed initiatives, government incentives, and increasing integration of fishmeal in livestock and aquaculture nutrition programs.

Competitive Landscape for the Fishmeal Market

Sentek Technologies

Sentek Technologies is a global leader in monitoring and sustainable agriculture solutions. In the Fishmeal Market, it supports production efficiency by integrating digital tools for feed conversion analysis. The company provides real-time monitoring systems that enable aquaculture and livestock farms to optimize feed composition, enhance growth rates, and reduce waste. Sentek’s role in the Fishmeal market is significant, as it bridges precision agriculture technologies with improved fishmeal utilization and sustainable farm management practices.

• In April 2025, Sentek released IoT-enabled feed monitoring systems tailored to optimize fishmeal-based diets for large aquaculture farms.

Campbell Scientific

Campbell Scientific specializes in environmental and feed management systems. Its solutions play a key role in optimizing fishmeal adoption through advanced monitoring platforms that measure feed efficiency, water quality, and livestock growth parameters. Campbell Scientific supports sustainable feed strategies and helps producers enhance productivity while minimizing environmental impact. Its contribution ensures efficient use of fishmeal in aquaculture and livestock operations.

• In March 2025, Campbell introduced integrated feed-climate monitoring solutions, improving livestock feed efficiency with fishmeal inclusion practices.

Irrometer Company

Irrometer Company provides tensiometers and robust monitoring systems widely adopted across farms. In the Fishmeal sector, it contributes by increasing precision in feed efficiency and farm productivity. Its technology allows farmers to assess soil moisture and environmental conditions, which indirectly enhances fishmeal-based feed performance for crops and pasture supporting livestock.

• In January 2025, Irrometer introduced an affordable package for mid-sized farms, enhancing resource sustainability using fishmeal inputs.

Delta-T Devices

Delta-T Devices, based in the U.K., delivers advanced monitoring solutions for sustainable farming. In the Fishmeal Market, its role includes optimizing animal feed and fertilizer applications by providing data-driven insights that improve feed conversion ratios and reduce overfeeding. The company integrates analytics to enhance both aquaculture and terrestrial livestock production systems.

• In June 2025, Delta-T Devices introduced an AI-driven analytics model to improve fishmeal efficiency across aquaculture and poultry farms.

Key players in the Fishmeal Market:

• Pelagia AS

• Oceana Group

• COPEINCA

• Corpesca, S.A.

• Aker BioMarine

• Omega Protein Corporation

• Chilean Seafoods S.A.

• Norsildmel AS

• Aller Aqua A/S

• GC Rieber Oils

• CP Group

• BioMar Group

• Austral Group

• Tri Marine Group

• Skretting

• Acuinova

• Mowi ASA

• StarKist Co.

• Pacific Seafood

• Dongwon Industries