Fishmeal Market Size, Share, and Growth Analysis, By Source (Salmon & Trout, Marine Fish), By Livestock (Ruminants, Poultry), By Application, By Region - Industry Forecast 2026-2033

Global Fishmeal Market size was valued at USD 10.17 Billion in 2024 and is poised to grow from USD 10.9 Billion in 2025 to USD 18.86 Billion by 2033, growing at a CAGR of 7.1% during the forecast period (2026-2033).

The global fishmeal market is experiencing significant growth due to shifting consumer preferences, an increasing demand for sustainable aquafeed, and advancements in fishmeal processing technology. Support from governments worldwide for sustainable fisheries and circular economy initiatives is positively impacting market dynamics. Additionally, major economies are focusing on investments in fishmeal production to bolster their prospects in the aquaculture and animal nutrition industries. This alignment of environmental, economic, and technological factors creates a favorable landscape for the fishmeal sector, positioning it as a vital component in meeting future food security and sustainability goals. Overall, the market outlook remains promising as stakeholders adapt to emerging trends and capitalize on growth opportunities.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Fishmeal market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Fishmeal Market Segments Analysis

Global Fishmeal Market is segmented by Source, Livestock, Application and region. Based on Source, the market is segmented into Salmon & Trout, Marine Fish, Carps, Crustaceans, Tilapia and Others. Based on Livestock, the market is segmented into Ruminants, Poultry, Swine, Aquatic Animals, Pets and Others. Based on Application, the market is segmented into Fertilizers, Animal Feed and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Fishmeal Market

Innovations in fishmeal production are significantly enhancing the industry's sustainability and efficiency. The integration of batching and automation, fueled by artificial intelligence, enables real-time monitoring and optimization of critical processing parameters such as temperature, pressure, and moisture levels. This advanced approach leads to reduced energy consumption and ensures consistent product quality. Furthermore, the use of sophisticated dryers and low-temperature drying techniques minimizes carbon emissions while maintaining the nutritional integrity of fishmeal, particularly in preserving essential omega-3 fatty acids. These advancements are reshaping the market landscape and promoting a more sustainable future for fishmeal production.

Restraints in the Global Fishmeal Market

The global fishmeal market faces significant challenges due to its vulnerability to macroeconomic factors and external disruptions. Geopolitical risks play a critical role, especially considering the influence of major fishmeal-producing countries like Chile and Peru. Policy changes, labor strikes, and regional instability in these nations can profoundly impact market dynamics. Additionally, the costs associated with fuel and freight have a notable effect on fishmeal prices. As marine shipping is essential for transporting this product to key consumption areas such as China, Norway, and Southeast Asia, fluctuations in energy costs and logistics can create substantial volatility in pricing.

Market Trends of the Global Fishmeal Market

The Global Fishmeal market is witnessing a significant shift towards sustainable practices, as producers increasingly adopt circular economy principles. By leveraging by-products from the fish processing industry, fishmeal manufacturers are enhancing their sustainability efforts, which ensures more stable input costs while minimizing waste. Nations such as Iceland, Norway, and Peru are at the forefront of this movement, utilizing fish trimmings and by-catch to reduce reliance on wild catch quotas and promote environmental responsibility. Retailers and end users are also aligning their supply chains with ethical sourcing, further driving the demand for sustainably produced fishmeal, thereby influencing market dynamics positively.