PUBLISHER: Persistence Market Research | PRODUCT CODE: 1731571
PUBLISHER: Persistence Market Research | PRODUCT CODE: 1731571
Fishmeal Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032
Persistence Market Research has recently released a comprehensive report on the worldwide market for fishmeal. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global fishmeal market from 2025 to 2032.
Key Insights:
- Fishmeal Market Size (2025E): USD 10.7 Billion
- Projected Market Value (2032F): USD 17.6 Billion
- Global Market Growth Rate (CAGR 2025 to 2032): 7.4%
Fishmeal Market - Report Scope:
Fishmeal, a high-protein feed ingredient derived from fish and fish by-products, plays a vital role in global aquaculture, livestock, and poultry industries. As a rich source of essential amino acids, fatty acids, and minerals, fishmeal supports optimal growth, reproductive health, and feed efficiency in animals. The market encompasses both whole fish-based and by-product-based fishmeal production, catering to the growing demand for protein-rich animal feed. The fishmeal market serves aquaculture farms, poultry operations, and pet food manufacturers, offering high-quality nutritional inputs essential for modern animal husbandry. Market expansion is driven by the surging aquaculture sector, rising global protein consumption, and sustainable feed practices aimed at enhancing productivity and environmental responsibility.
Market Growth Drivers:
The global fishmeal market is propelled by rising demand for protein-rich animal feed, particularly in the aquaculture sector, which relies heavily on fishmeal for nutritional value. With seafood consumption on the rise globally, fish farmers are under pressure to improve fish growth rates and health outcomes, which in turn drives fishmeal demand. Additionally, the expansion of the poultry and pig farming sectors in emerging economies is boosting the adoption of nutrient-dense feed ingredients like fishmeal. Advancements in fishmeal processing technologies and sustainable sourcing practices are also contributing to market growth. The circular economy approach, which includes utilizing fish by-products from processing plants, is gaining traction and supports both ecological and economic sustainability.
Market Restraints:
Despite robust growth prospects, the fishmeal market faces challenges, including concerns over overfishing and depletion of wild fish stocks, which threaten the long-term sustainability of fishmeal production. Regulatory limitations on fish catches and environmental scrutiny from conservation organizations place pressure on manufacturers to adopt more sustainable and traceable sourcing methods. Volatility in raw material prices, driven by climatic conditions and geopolitical factors, can impact profit margins and pricing stability. Additionally, the growing popularity of plant-based and insect-based protein alternatives as substitutes for fishmeal poses competitive threats, especially in markets focusing on sustainable and ethical sourcing.
Market Opportunities:
The fishmeal market presents significant opportunities stemming from the development of sustainable aquafeed solutions, improved processing technologies, and the rising popularity of alternative fishmeal sources. The increasing use of fishmeal derived from fish processing by-products offers an eco-friendly alternative to whole fish-based meal, aligning with sustainability goals. Moreover, the adoption of certification standards such as the Marine Stewardship Council (MSC) and IFFO RS contributes to brand differentiation and consumer trust. The pet food industry also offers growth potential, with fishmeal gaining popularity due to its digestibility and nutritional benefits. Expanding markets in Asia Pacific, Latin America, and Africa provide fertile ground for investment and capacity expansion.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the fishmeal market globally?
- Which applications and end-users are contributing most significantly to fishmeal demand?
- How are sustainability trends and technological innovations shaping the fishmeal industry?
- Who are the key players operating in the global fishmeal market, and what strategies are they deploying?
- What are the emerging trends and future outlook for the fishmeal market?
Competitive Intelligence and Business Strategy:
Leading players in the global fishmeal market, including Pelagia, Copeinca, FF Skagen A/S, and Austral Group S.A.A, are focused on optimizing production efficiency, securing sustainable raw material sources, and expanding geographically. These companies are investing in state-of-the-art processing plants and pursuing vertical integration strategies to ensure consistent quality and supply. Collaborations with fisheries certified for responsible sourcing and investments in by-product-based fishmeal production are key trends. Moreover, players are increasingly focusing on R&D to enhance nutritional profiles and reduce the environmental impact of fishmeal. Strong emphasis is placed on compliance with international standards and certifications to maintain market competitiveness and consumer confidence.
Key Companies Profiled:
- COPEINCA SAC.
- PESQUERA DIAMANTE
- Omega Protein Corporation
- Medikonda Nutrients
- FF SKAGEN A/S
- The Scoular Company
- Oceana Group
- Pelagia
- Austral Group S.A.A
- Shireen Exports
- Blueline Foods (India) Pvt Ltd
- CAMANCHACA
- A & S Thai Works Co., Ltd.
- Pattani Fish Meal Co.,Ltd.
Market Segmentation
By Product type
- Steam-Dried Fish Meal
- Flame-Dried Fish Meal
- Press-Cake Fish Meal
By End-use
- Aquaculture Feed
- Livestock
- Fertilizers
- Others
By Region
- North America
- Europe
- East Asia
- South Asia and Oceania
- Middle East and Africa
- Latin America
Table of Contents
1. Executive Summary
- 1.1. Global Fishmeal Market Snapshot, 2025-2032
- 1.2. Market Opportunity Assessment, 2025-2032, US$ Bn
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Industry Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definition
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
- 2.3. COVID-19 Impact Analysis
- 2.4. Forecast Factors - Relevance and Impact
3. Value Added Insights
- 3.1. Value Chain Analysis
- 3.2. Key Market Players
- 3.3. Regulatory Landscape
- 3.4. PESTLE Analysis
- 3.5. Porter's Five Force Analysis
4. Price Trend Analysis, 2019-2032
- 4.1. Key Factors Impacting Product Prices
- 4.2. Pricing Analysis, By Product Type
- 4.3. Regional Prices and Product Preferences
5. Global Fishmeal Market Outlook
- 5.1. Key Highlights
- 5.1.1. Market Volume (Tons) Projections
- 5.1.2. Market Size (US$ Bn) and Y-o-Y Growth
- 5.1.3. Absolute $ Opportunity
- 5.2. Market Size (US$ Bn) Analysis and Forecast
- 5.2.1. Historical Market Size (US$ Bn) Analysis, 2019-2024
- 5.2.2. Market Size (US$ Bn) Analysis and Forecast, 2025-2032
- 5.3. Global Fishmeal Market Outlook: Product Type
- 5.3.1. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Product Type, 2019-2024
- 5.3.2. Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Product Type, 2025-2032
- 5.3.2.1. Steam-Dried Fish Meal
- 5.3.2.2. Flame-Dried Fish Meal
- 5.3.2.3. Press-Cake Fish Meal
- 5.3.3. Market Attractiveness Analysis: Product Type
- 5.4. Global Fishmeal Market Outlook: End Use
- 5.4.1. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By End Use, 2019-2024
- 5.4.2. Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By End Use, 2025-2032
- 5.4.2.1. Aquaculture Feed
- 5.4.2.2. Livestock
- 5.4.2.3. Fertilizers
- 5.4.2.4. Others
- 5.4.3. Market Attractiveness Analysis: End Use
6. Global Fishmeal Market Outlook: Region
- 6.1. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Region, 2019-2024
- 6.2. Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Region, 2025-2032
- 6.2.1. North America
- 6.2.2. Latin America
- 6.2.3. Europe
- 6.2.4. East Asia
- 6.2.5. South Asia and Oceania
- 6.2.6. Middle East & Africa
- 6.3. Market Attractiveness Analysis: Region
7. North America Fishmeal Market Outlook
- 7.1. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Market, 2019-2024
- 7.1.1. By Country
- 7.1.2. By Product Type
- 7.1.3. By End Use
- 7.2. Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Country, 2025-2032
- 7.2.1. U.S.
- 7.2.2. Canada
- 7.3. Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Product Type, 2025-2032
- 7.3.1. Steam-Dried Fish Meal
- 7.3.2. Flame-Dried Fish Meal
- 7.3.3. Press-Cake Fish Meal
- 7.4. Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By End Use, 2025-2032
- 7.4.1. Aquaculture Feed
- 7.4.2. Livestock
- 7.4.3. Fertilizers
- 7.4.4. Others
- 7.5. Market Attractiveness Analysis
8. Europe Fishmeal Market Outlook
- 8.1. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Market, 2019-2024
- 8.1.1. By Country
- 8.1.2. By Product Type
- 8.1.3. By End Use
- 8.2. Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Country, 2025-2032
- 8.2.1. Germany
- 8.2.2. France
- 8.2.3. U.K.
- 8.2.4. Italy
- 8.2.5. Spain
- 8.2.6. Russia
- 8.2.7. Rest of Europe
- 8.3. Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Product Type, 2025-2032
- 8.3.1. Steam-Dried Fish Meal
- 8.3.2. Flame-Dried Fish Meal
- 8.3.3. Press-Cake Fish Meal
- 8.4. Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By End Use, 2025-2032
- 8.4.1. Aquaculture Feed
- 8.4.2. Livestock
- 8.4.3. Fertilizers
- 8.4.4. Others
- 8.5. Market Attractiveness Analysis
9. East Asia Fishmeal Market Outlook
- 9.1. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Market, 2019-2024
- 9.1.1. By Country
- 9.1.2. By Product Type
- 9.1.3. By End Use
- 9.2. Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Country, 2025-2032
- 9.2.1. China
- 9.2.2. Japan
- 9.2.3. South Korea
- 9.3. Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Product Type, 2025-2032
- 9.3.1. Steam-Dried Fish Meal
- 9.3.2. Flame-Dried Fish Meal
- 9.3.3. Press-Cake Fish Meal
- 9.4. Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By End Use, 2025-2032
- 9.4.1. Aquaculture Feed
- 9.4.2. Livestock
- 9.4.3. Fertilizers
- 9.4.4. Others
- 9.5. Market Attractiveness Analysis
10. South Asia & Oceania Fishmeal Market Outlook:
- 10.1. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Market, 2019-2024
- 10.1.1. By Country
- 10.1.2. By Product Type
- 10.1.3. By End Use
- 10.2. Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Country, 2025-2032
- 10.2.1. India
- 10.2.2. Indonesia
- 10.2.3. Thailand
- 10.2.4. Singapore
- 10.2.5. ANZ
- 10.2.6. Rest of South Asia & Oceania
- 10.3. Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Product Type, 2025-2032
- 10.3.1. Steam-Dried Fish Meal
- 10.3.2. Flame-Dried Fish Meal
- 10.3.3. Press-Cake Fish Meal
- 10.4. Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By End Use, 2025-2032
- 10.4.1. Aquaculture Feed
- 10.4.2. Livestock
- 10.4.3. Fertilizers
- 10.4.4. Others
- 10.5. Market Attractiveness Analysis
11. Latin America Fishmeal Market Outlook:
- 11.1. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Market, 2019-2024
- 11.1.1. By Country
- 11.1.2. By Product Type
- 11.1.3. By End Use
- 11.2. Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Country, 2025-2032
- 11.2.1. Brazil
- 11.2.2. Mexico
- 11.2.3. Rest of Latin America
- 11.3. Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Product Type, 2025-2032
- 11.3.1. Steam-Dried Fish Meal
- 11.3.2. Flame-Dried Fish Meal
- 11.3.3. Press-Cake Fish Meal
- 11.4. Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By End Use, 2025-2032
- 11.4.1. Aquaculture Feed
- 11.4.2. Livestock
- 11.4.3. Fertilizers
- 11.4.4. Others
- 11.5. Market Attractiveness Analysis
12. Middle East & Africa Fishmeal Market Outlook:
- 12.1. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Market, 2019-2024
- 12.1.1. By Country
- 12.1.2. By Product Type
- 12.1.3. By End Use
- 12.2. Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Country, 2025-2032
- 12.2.1. GCC Countries
- 12.2.2. Egypt
- 12.2.3. South Africa
- 12.2.4. Northern Africa
- 12.2.5. Rest of Middle East & Africa
- 12.3. Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Product Type, 2025-2032
- 12.3.1. Steam-Dried Fish Meal
- 12.3.2. Flame-Dried Fish Meal
- 12.3.3. Press-Cake Fish Meal
- 12.4. Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By End Use, 2025-2032
- 12.4.1. Aquaculture Feed
- 12.4.2. Livestock
- 12.4.3. Fertilizers
- 12.4.4. Others
- 12.5. Market Attractiveness Analysis
13. Competition Landscape
- 13.1. Market Share Analysis, 2025
- 13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
- 13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. COPEINCA SAC.
- 13.3.1.1. Overview
- 13.3.1.2. Segments and Product Type
- 13.3.1.3. Key Financials
- 13.3.1.4. Market Developments
- 13.3.1.5. Market Strategy
- 13.3.2. PESQUERA DIAMANTE
- 13.3.3. Omega Protein Corporation
- 13.3.4. Medikonda Nutrients
- 13.3.5. FF SKAGEN A/S
- 13.3.6. The Scoular Company
- 13.3.7. Oceana Group
- 13.3.8. Pelagia
- 13.3.9. Austral Group S.A.A
- 13.3.10. Shireen Exports
- 13.3.11. Blueline Foods (India) Pvt Ltd
- 13.3.12. CAMANCHACA
- 13.3.13. A & S Thai Works Co., Ltd.
- 13.3.14. Pattani Fish Meal Co., Ltd
- 13.3.15. Others
- 13.3.1. COPEINCA SAC.
14. Appendix
- 14.1. Research Methodology
- 14.2. Research Assumptions
- 14.3. Acronyms and Abbreviations
