Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Fishmeal Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Fishmeal Market?
The size of the fishmeal market has experienced significant growth recently. The market is projected to increase from $8.88 billion in 2024 to $9.38 billion in 2025, with a compound annual growth rate (CAGR) of 5.7%.
What Is the Forecasted CAGR for the Fishmeal Market by 2029?
The Fishmeal Global Market Report 2025 projects that by 2029, the market size will grow to $11.89 billion, with a compound annual growth rate (CAGR) of 6.1%.
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What Are the Market Drivers in the Fishmeal Industry?
The key drivers in the fishmeal market are:
• Adoption of fishmeal as a source of omega-3 fatty acids in functional foods
• Emphasis on sustainable and responsible fishing practices
• Expansion of fishmeal applications in nutraceutical and pharmaceutical industries
• Growing demand for organic and non-GMO certified fishmeal products
What Is the Segment-Wise Breakdown of the Fishmeal Market?
The fishmealmarket covered in this report is segmented –
1) By Livestock: Ruminants, Poultry, Swine, Aquatic Animals, Other Livestock
2) By Source: Salmon and Trout, Marine Fish, Carps, Crustaceans, Tilapia, Other Sources
3) By Application: Fertilizers, Animal Feed, Other Applications
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Which Emerging Trends Are Driving Growth in the Fishmeal Sector?
The key trends in the fishmeal market are:
• Adoption of fishmeal as a source of omega-3 fatty acids in various industries is a key emerging trend.
• Sustainable and responsible fishing practices are increasingly influencing the market.
• There is a rising focus on research and development of alternative protein sources for animal feed.
• The expansion of fishmeal applications in diverse industries highlights a significant trend.
Which Companies Are Dominating the Fishmeal Market in Terms of Revenue?
Major players in the fishmeal market are:
• Aker Biomarine Antarctic AS
• Alpha Atlantique
• Animalfeeds International Corporation
• Austevoll Seafood ASA
• Biomega AS
• Oceana Group Limited
• Omega Protein Corporation
• Pioneer Fishing (Pty) Ltd.
• Sarma Fish S.A.R.L
• Pesquera Diamante S.A.
• Pesquera Exalmar S.A.A
• Pesquera Hayduk SA
• FF Skagen A/S
• Pelagia AS
• Orizon SA
• Sardina D.O.O
• Austral Group S.A.A
• Corporacion Pesquera Inca S.A.C. Copeinca S.A.C.
• Croda International PLC
• TASA Pvt. Ltd.
• Corpesca SA
• Colpex International S.A.
• Triplenine Group A/S
• Pescanova SA
• Pilmifresh S.A.
What Are the Regions Driving Demand in the Fishmeal Market?
Asia-Pacific was the largest region in the fishmeal market in 2024
