What Transformation Has the Fish Powder Market Undergone?
The fish powder market has seen considerable growth due to a variety of factors.
• The market for fish powder has been expanding robustly in the past few years. There's an expected growth from $8.82 billion in 2024 to $9.47 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.3%.
The historic growth can be credited to various factors, including amplified consumer knowledge about the health benefits of fish, an upswing in demand for food ingredients high in protein and functionality, better health consciousness, preference for organic ingredients, growth of aquaculture and fisheries sectors, demand for sustainable and earth-friendly food choices, and the need for fish powder in the animal and pet food sectors.
How Will The Fish Powder Market Size Evolve In The Foreseeable Future?
The fish powder market is expected to maintain its strong growth trajectory in upcoming years.
• Strong expansion is projected for the fish powder market in the upcoming years, with a projected valuation of $12.26 billion in 2029 and a compound annual growth rate (CAGR) of 6.7%.
Several factors can be tied to this growth, including the use of fish powder as a natural umami ingredient and flavor enhancer, initiatives to lower waste and utilize fish by-products, the dietary need for omega-3 fatty acids and crucial micronutrients, the increasing use of fish powder in the cosmetic and personal care industry, and the rising demand for fish protein in the sports and fitness nutrition sector. The forecast period will also likely see trends such as fish powder microencapsulation, natural processing with clean labels, innovative packaging concepts, fish oil and omega-3 supplements in powder form, and food and beverage fortification.
Which Key Drivers Are Propelling The Fish Powder Market's Growth?
The fish powder market is anticipated to expand due to the rise in health awareness. This refers to the individual's acknowledgement and active involvement in their health and wellness promotion, which incorporates various behaviours, attitudes, and beliefs about physical fitness, nutrition, and lifestyle choices. This burgeoning health consciousness is propelled by elements like the escalating incidence of diseases related to lifestyle choices, such as obesity, diabetes, and heart disease. This has increased the recognition of the importance of healthy living. Fish powder is an excellent option for those who are health conscious due to its rich nutritional profile, which includes proteins, omega-3 fatty acids, and vitamins. These nutrients support overall health and encourage a well-balanced, nutritious diet. For example, a survey conducted by the International Food Information Council, a non-profit organization in the US, in May 2022 among 1,005 American adults aged 18–80 and adult Gen Z consumers aged 18–24, demonstrated that approximately 52% of the participants adhered to a specific diet or eating pattern, a rise from the previous year's 39%. Clean eating (16%), mindful eating (14%), and calorie counting (13%) were the preferred choices. As a result, the growth in health consciousness is propelling the fish powder market forward.
What Are The Key Segments Within The Global Fish Powder Market?
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
Subsegments:
1) By Steam Dried (SD) Fish Powder: High-Protein Steam Dried Powder, Low-Odor Steam Dried Powder
2) By Flame Dried (FD) Fish Powder: Traditional Flame Dried Powder, High-Temperature Flame Dried Powder
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How Are New Trends Impacting The Size Of The Fish Powder Market?
The fish powder market is being transformed by advancements in technology. Major market participants are pursuing various tech innovations to bolster their market position. For example, Cermaq Canada Ltd., a salmon farming firm based in Canada, integrated aeration technology from Poseidon Ocean Systems in January 2022. This new technology has allowed Cermaq Canada to reduce their CO2 emissions by more than 76,000 kg in their 2021 operations.
Who Are the Key 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 Regional Insights into 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.
