Fishmeal & Fish Oil Market Report 2026

Fishmeal & Fish Oil Market Overview

• Fishmeal & Fish Oil market size has reached to $11 billion in 2025 • Expected to grow to $15.48 billion in 2030 at a compound annual growth rate (CAGR) of 7.1% • Growth Driver: Rising Health Consciousness Drives Surge In Demand For Fish Meal And Fish Oil: A Nutritional Perspective • Market Trend: Innovative Advancements Leading Fishmeal And Fish Oil Companies Embrace Algae Omega-3 For Sustainable Nutrition Solutions • Asia-Pacific was the largest region in 2025.

What Is Covered Under Fishmeal & Fish Oil Market?

Fishmeal and fish oil refers to the protein-rich byproducts of small forage fish or low trophic level species. Fish meal is a coarsely ground powder made from whole fish and the bones and offal from processed fish. Fish meal is made by cooking, drying, pressing, and grinding fish in machinery designed for that purpose. Fish oil is a type of oil derived from the tissues of oily fish. It has docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA), and two omega-3 fatty acids. The major processing types of fishmeal & fish oil are steam dried (SD) and flame dried (FD). Steam dried (SD) refers to a fish meal processing technique in which chopped fish is forced by screw conveyor through long steam cookers to remove air and moisture, then the cooked and pressed fish is dried by hot air. The various sources include salmon and trout, marine fish, crustaceans, tilapia, carps, and others. It is used for several applications, such as aquaculture and aquatic feeds, land animal feeds and livestock, agriculture and fertilizers, pharmaceuticals, dietary supplements, and others.

What Is The Fishmeal & Fish Oil Market Growth Forecast?

The fishmeal & fish oil market size is expected to see strong growth in the next few years. It will grow to $15.48 billion in 2030 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to growing demand for sustainable aquafeed, rising consumption of omega-3 supplements, expansion of pharmaceutical applications, increasing regulatory focus on sourcing, innovation in fish byproduct utilization. Major trends in the forecast period include growing demand for high-protein animal feed ingredients, rising use in aquaculture nutrition, expansion of omega-3 rich fish oil applications, increasing focus on sustainable fish sourcing, enhanced processing efficiency and quality control.

What Is The Driver Of The Fishmeal & Fish Oil Market?

The increasing health consciousness among people is expected to boost the fish meal and fish oil market. Health consciousness is a measure of how much people care about their health. There is an increase in concern about health in people due to changing lifestyles. Fish is a high-quality, low-fat protein. Omega-3 fatty acids and vitamins D and B2 are abundant in fish (riboflavin). A healthy diet should include fish at least twice a week, due to which the demand for fish meals and fish oil is increasing. For instance, in June 2024, according to the International Food Information Council (IFIC), a US‑based non‑profit organization, the proportion of Americans following a specific diet or eating pattern over the past year remains high at 54%. Most people are looking to increase their protein intake, with interest climbing from 59% in 2022 to 67% in 2023, and reaching 71% in 2024. Additionally, roughly half of consumers aim to eat more fresh foods, which are widely considered the healthiest options. Therefore, the increasing health consciousness among people is driving the growth of the fish meal & fish oil market.

Key Players In The Global Fishmeal & Fish Oil Market

Major companies operating 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

Global Fishmeal & Fish Oil Market Trends and Insights

Major companies operating in fishmeal and fish oil are focused on introducing new innovative products such as algae omega-3 to sustain their position in the market. Algae omega-3 refers to omega-3 fatty acids derived from algae, specifically microalgae. As awareness grows about the environmental concerns associated with overfishing and the desire for vegetarian and vegan options, algae omega-3 has become a preferred choice for individuals seeking the health benefits of omega-3 fatty acids. For instance, in Feb 2023, VivoMega, a Norway based is a leading producer of marine derived high Omega3 concentrates, launched a new line of high-concentration vegan omega-3 oils made from microalgae utilizing specialized processing. Along with its exclusive U.S. distribution partner Barrington Nutritional, the company will present the new range at the Natural Products Expo West trade exhibition in Anaheim.

What Are Latest Mergers And Acquisitions In The Fishmeal & Fish Oil Market?

In April 2024, Pelagia, a Norway-based producer of pelagic fish products, acquired Ideal Foods Limited for an undisclosed amount. This acquisition is expected to strengthen Pelagia’s position in the seafood industry by expanding its product offerings for human consumption and animal feeds. Pelagia, through its subsidiary Epax, also produces concentrated marine-based omega-3 fatty acids for dietary supplements and pharmaceutical applications. Ideal Foods Limited is a processor and specialist supplier of shellfish, whitefish, tuna, salmon heads, and other fish by-products.

What Defines the Fishmeal & Fish Oil Market?

The fishmeal & fish oil market consists of sales of mackerel and shellfish meals and oils. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Fishmeal & Fish Oil Market Report 2026?

The fishmeal & fish oil market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the fishmeal & fish oil industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.