What Are The Fish Powder Market Size Predictions And Key Growth Drivers?
The fish powder market size has been experiencing sturdy growth in recent years. It will grow from $8.82 billion in 2024 to $9.47 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be primarily credited to consumers increasing awareness of the nutritional benefits of fish and a corresponding growth in demand for protein-rich and functional food ingredients. Rise in health consciousness and preference for natural ingredients, coupled with expansion of aquaculture and fisheries industries, and need for sustainable and eco-friendly food sources have also influenced the growth of the fish powder market. There’s also a growing demand for fish powder in animal feed and pet food industries.
The fish powder market size is predicted to manifest robust growth in the forthcoming years. It is set to grow to $12.26 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be credited to adoption of fish powder as a flavor enhancer and natural umami ingredient, emphasis on waste reduction, and utilization of fish by-products. The need for omega-3 fatty acids and essential micronutrients in diets, expansion of fish powder in cosmetic and personal care products, and growing demand for fish protein in sports and fitness nutrition are other factors to watch out for. Major trends in the forecast period consist of microencapsulation of fish powder, clean label and natural processing, innovative packaging solutions, powdered fish oil and omega-3 supplements, and fortification of food and beverages.
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What Are The Main Factors Driving The Fish Powder Market?
The increasing health consciousness is likely to propel the fish powder market going forward. Health consciousness refers to an individual’s awareness and proactive stance towards maintaining and enhancing their health and wellbeing. This encompasses a spectrum of attitudes, behaviors, and beliefs related to physical fitness, nutrition, and lifestyle choices. The surge in health consciousness has been ignited by an escalating prevalence of lifestyle-related diseases such as obesity, diabetes, and heart disease, which have highlighted the significance of healthy living. Fish powder, with its high content of essential nutrients including proteins, omega-3 fatty acids, and vitamins, is an ideal choice for health-conscious consumers as it supports overall wellbeing and promotes a balanced, nutritious diet. In May 2022, a survey study conducted by the International Food Information Council among American adults and adult Gen Z consumers showed that around 52% of the participants followed a specific diet or eating pattern, up from 39% in 2021.
What Segmentation Does The Fish Powder Market Report Cover?
The fish powder market covered in this report is segmented –
1) By Source: Whole Fish, By-Product
2) By Type: Steam Dried (SD) Fish Powder, Flame Dried (FD) Fish Powder
3) By Distribution Channel: B2B, B2C
4) By Application: Swine, Poultry, Aquaculture, Other Applications
5) By End-User: Food And Beverages, Sports Nutrition and Dietary Supplements, Cosmetics and Personal Care, Pharmaceuticals, Animal Feed, Fertilizer
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Who Are The Major Players In The Fish Powder Market?
Major companies operating in the fish powder market include Austevoll Seafood ASA, Omega Protein Corporation, Daybrook Fisheries Inc., Cermaq Group AS, Kodiak Fishmeal Company, Pesquera Exalmar SAA, Nissui Corporation, Pesquera Hayduk S.A., Oceana Group Limited, Dalian Longyuan Fish Meal Co. Ltd., Marvesa Holding N.V., Tecnológica de Alimentos S.A., Croda International plc, Sursan Su Urunleri AS, Alaska Seafood International LLC, Pelagia AS, Scanbio Marine Group AS, Pioneer Fishing Pty Ltd., Sardina D.O.O., Novofood SA, Qingdao Future Group, Havsbrún, Norebo Holding AS, TripleNine Group A/S, United European Seafood Traders PTE LTD., Balticovo AS, Scoular Company, GC Rieber Oil AS, Austral Group SAA, FF Skagen A/S, GC Rieber Oils AS.
What Are The Emerging Trends In The Fish Powder Market?
Technological advancements are shaping the fish powder market. Key players in the fish powder market are adopting various technological advancements to bolster their position in the market. For instance, in January 2022, Cermaq Canada Ltd., a Canada-based salmon farming company, adopted aeration technology supplied by Poseidon Ocean Systems. Cermaq reported that the new aeration technology helped them eliminate over 76,000 kg of CO2 emissions from their operations in 2021.
Which Region Is The Fastest Growing In The Fish Powder Market?
Asia-Pacific was the largest region in the fish powder market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the fish powder market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does The Fish Powder Market Report 2025 Offer?
Fish powder refers to the finely ground powder formed from cooked fish flesh. Fish powder prepared from leftover fish can be used to supplement staple foods including maize and cassava, increasing micronutrient concentrations in the meal. The Fish Powder Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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