Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Fishmeal & Fish Oil Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Fishmeal & Fish Oil Market Grow Between 2024 and 2025?
The Fishmeal & Fish Oil Global Market has seen robust growth in recent years. It was worth $10.33 billion in 2024 and is projected to increase to $11 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.5%.
How Much Will the Fishmeal & Fish Oil Market Be Worth in 2029?
The Fishmeal & Fish Oil Global Market is projected to reach a market size of $14.44 billion in 2029, with a compound annual growth rate (CAGR) of 7.0%.
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Which Fishmeal & Fish Oil Market Drivers Are Linked to Revenue Growth?
The key drivers in the fishmeal & fish oil market are:
• Continued growth in aquaculture industry
• Rising demand for nutraceuticals
• Innovation in alternative protein sources
• Regulatory standards and certifications impacting product quality
Which Segments Are Expected to Grow in the Fishmeal & Fish Oil Market?
The fishmeal & fish oilmarket covered in this report is segmented –
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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What Are The Key Trends Impacting Growth In The Global Fishmeal & Fish Oil Market?
The key trends in the fishmeal & fish oil market are:
• Technological developments in processing are emerging as a critical trend in the market.
• The focus on research relating to nutritional needs signifies a notable trend.
• The creation of algal-based omega-3 products is gaining traction as an emerging trend.
• Advancements in sustainable feed formulations and integration of traceability systems are shaping the future of the market.
Who Are the Key Competitors in the Global Fishmeal & Fish Oil Market?
Major players in the fishmeal & fish oil market are:
• 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
Where Is the Fishmeal & Fish Oil Market Growing Fastest Between 2025 and 2029?
Asia-Pacific was the largest region in the fishmeal and fish oil market share in 2024
