The fishmeal & fish oil market size has shown robust growth in recent years. It has grown from $10.33 billion in 2024 to an estimated $11.09 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%. The growth can be attributed to an increase in global fish consumption, nutritional benefits in animal feed, globalization of seafood trade, and development of sustainable fishing practices, fishery by-product utilization. Based on these trends, the fishmeal & fish oil market size is anticipated to reach $14.62 billion in 2029 at a CAGR of 7.2%, driven by growth in aquaculture, rising demand for nutraceuticals, innovation in alternative protein sources, increasing prevalence of hairfall, and regulatory standards and certifications.
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What’s Driving the Growth of the Fishmeal & Fish Oil Market?
The increasing health consciousness among people is a significant driver of the fishmeal & fish oil market. The nutritional benefits of fish, which is a high-quality, low-fat protein rich in Omega-3 fatty acids and vitamins D and B2 are contributing to its increasing consumption and, consequently, the demand for fish meals and fish oil. For instance, a poll conducted by Nutrisystem and OnePoll in October 2022 revealed that over 70% of Americans are more conscious of their physical health following the COVID-19 pandemic, implying a healthy market for fishmeal & fish oil products.
What Are The Major Segments Within the Fishmeal & Fish Oil Market?
The fishmeal & fish oil market covers several segments including:
1) By Type: Steam Dried (SD), Flame Dried (FD)
2) By Source: Salmon And Trout, Marine Fish, Crustaceans, Tilapia, Carps, Other Sources
3) By Application: Aquaculture And Aquatic Feeds, Land Animal Feeds And Livestock, Agriculture And Fertilizers, Pharmaceuticals, Dietary Supplements, Other Applications
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Who Are the Pioneers in the Fishmeal & Fish Oil Market?
Major players in this market include Austevoll Seafood ASA, Oceana Group Ltd., Omega Protein Corporation, The Scoular Company, GC Rieber Oils AS, Sürsan Su Ürünleri, TASA – Tecnologica de Alimentos SA, Corpesca SA, FF Skagen A/S, Orizon SA, Pioneer Fishing (Pty) Ltd., TripleNine Group A/S, Pesquera Exalmar SAA, Mukka Sea Food Industries, Pelagia AS, HAYDUK Corporation, Coomarpes SA, Kodiak Fishmeal Company, Copeinca ASA, Havsbrún ehf.
What Trends Are Redefining the Fishmeal & Fish Oil Market?
A significant trend in the market is strategic partnerships among major players. For instance, in October 2022, the US-based company Algorithm, which provides omega-3 solutions, partnered with Natures Crops International, a manufacturer of specialty plant oils. This partnership led to the development of two new omega oil combinations for use as supplements and food and drink ingredients, contributing to market innovation.
Which Region Shows the Highest Growth in the Fishmeal & Fish Oil Market?
Asia-Pacific was the largest region in the fishmeal and fish oil market share in 2024. Other regions covered in this market report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Fishmeal & Fish Oil Market Report 2025 Offer?
Fishmeal and fish oil refer to the protein-rich byproducts of small forage fish or low trophic level species. This report provides significant insights into the global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Coupled with the fact that fish is a high source of quality, low-fat protein, which is in high demand, the fishmarket & fish oil market research report indicates a promising future for the sector.
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