Fishmeal Market Report 2026

Fishmeal Market Overview

• Fishmeal market size has reached to $9.38 billion in 2025 • Expected to grow to $12.64 billion in 2030 at a compound annual growth rate (CAGR) of 6.2% • Growth Driver: Growing Aquaculture Industry Fueling Demand For Fishmeal Market • Market Trend: Introduction Stress-Combating Fishmeal To Combat Environmental Stress In Fish • Asia-Pacific was the largest region in 2025.

What Is Covered Under Fishmeal Market?

Fishmeal refers to a coarsely ground powder primarily made from small leftover pelagic or oceanic fish, bones, and organ flesh pulverized into a meal. Fishmeal is obtained in cake or powder form after drying and milling raw or trimmed fish. The fishmeal that is used as animal feed, aquafeed, livestock feed supplement, and fertilizer is due to its high protein concentration, vitamins, and minerals. The main types of livestock in fishmeal are ruminants, poultry, swine, aquatic animals, and other livestock. The livestock fishmeal is used as fertilizer in vegetable gardens, flowerbeds, outdoor plants, trees, and shrubs. Fishmeal fertilizers are high in nutrition, amino acids, and vitamins, and are an excellent source of nitrogen and phosphorus that are used to increase root and leaf growth and improve soil structure. The different sources include salmon and trout, marine fish, carp, crustaceans, tilapia, and others that are used in fertilizers, animal feed, and other applications.

What Is The Fishmeal Market Growth Forecast?

The fishmeal market size is expected to see strong growth in the next few years. It will grow to $12.64 billion in 2030 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing demand for sustainable aquafeed, rising focus on alternative protein sourcing, expansion of intensive aquaculture systems, growing investments in feed optimization technologies, increasing regulatory oversight on marine resource utilization. Major trends in the forecast period include increasing demand for high-protein aquafeed ingredients, growing utilization of sustainable fish sources, expansion of fishmeal use in livestock nutrition, rising focus on feed quality and digestibility, enhanced processing efficiency in fishmeal production.

Global Fishmeal Market Segmentation

1) By Livestock: Ruminants, Poultry, Swine, Aquatic Animals, Other Livestock 2) By Source: Pelagic Marine Fish, Demersal Marine Fish, Aquaculture And Fish Processing By-Products, Freshwater Fish 3) By Application: Fertilizers, Animal Feed, Other Applications Subsegments: 1) By Ruminants: Beef Cattle, Dairy Cattle 2) By Poultry: Broilers, Layers, Turkeys 3) By Swine: Weaner Pigs, Grower-Finisher Pigs 4) By Aquatic Animals: Farmed Fish, Shrimp And Shellfish 5) By Other Livestock: Goats, Sheep, Horses

What Is The Driver Of The Fishmeal Market?

The growth of the aquaculture industry is expected to propel the growth of the fishmeal market going forward. Aquaculture is the practice of harvesting fish shellfish, and aquatic plants (algae, for example) in fresh, salt, and brackish waterways. Aquaculture is used to provide food, rebuild populations of endangered species, replenish natural stocks, and restore habitats of water-based species. Due to the huge demand for seafood and the decreasing annual catch of wild fish, aquaculture is predicted to grow which in turn increases the demand for the fishmeal market For instance, in June 2024, according to Food and Agriculture Organization of the United Nations, a US-based government agency reported that, Aquatic animal production is expected to increase by 10 percent by 2032 to reach 205 million tonnes. Further, SOFIA projects that apparent consumption will increase by 12 percent to supply on average 21.3 kg per capita in 2032. Therefore, the growth of the aquaculture industry is driving the demand for the fishmeal industry.

What Is The Driver Of The Fishmeal Market?

The growth of the aquaculture industry is expected to propel the growth of the fishmeal market going forward. Aquaculture is the practice of harvesting fish shellfish, and aquatic plants (algae, for example) in fresh, salt, and brackish waterways. Aquaculture is used to provide food, rebuild populations of endangered species, replenish natural stocks, and restore habitats of water-based species. Due to the huge demand for seafood and the decreasing annual catch of wild fish, aquaculture is predicted to grow which in turn increases the demand for the fishmeal market For instance, in June 2024, according to Food and Agriculture Organization of the United Nations, a US-based government agency reported that, Aquatic animal production is expected to increase by 10 percent by 2032 to reach 205 million tonnes. Further, SOFIA projects that apparent consumption will increase by 12 percent to supply on average 21.3 kg per capita in 2032. Therefore, the growth of the aquaculture industry is driving the demand for the fishmeal industry.

Global Fishmeal Market Trends and Insights

Major companies operating in the fishmeal market are developing stress-combating fishmeal such as Pro-Allo to combat environmental stress in fish. Pro-Allo is a revolutionary fishmeal formulated to support allostasis in fish, helping them combat environmental stress. For instance, in 2023, Pelagia., a Norway-based producer of pelagic fish products, developed Pro-Allo, a revolutionary fishmeal designed to help fish combat environmental stress, resulting in significantly healthier and larger fish. At its core, Pro-Allo supports allostasis, a vital biological process that equips fish to counteract stressors from environmental changes or handling. Another distinctive feature of Pro-Allo is its enriched content of water-soluble components, which mainly consist of small proteins, free amino acids, and peptides.

What Are Latest Mergers And Acquisitions In The Fishmeal Market?

In November 2024, Cooke Inc., a Canada-based seafood and seafood-ingredients company, acquired Corporación Pesquera Inca S.A.C. (Copeinca) for an undisclosed amount. Through this acquisition, Cooke aims to strengthen its fishmeal and fish oil production capabilities and secure a stable supply of marine ingredients for aquaculture and feed markets. Copeinca is a Peru-based company that produces and exports fishmeal and fish oil.

Regional Outlook

Asia-Pacific was the largest region in the fishmeal market in 2025. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada

What Defines the Fishmeal Market?

The fishmeal market consists of sales of pout, sand eel, sprat, sardine, pilchard, sauries, mackerels. 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 Market Report 2026?

The fishmeal 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 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.