Fishmeal Global Market Report 2026

Fishmeal used as animal feed, aquafeed, livestock feed supplement, and fertilizer is valued for its high protein concentration, as well as its content of vitamins and minerals. This coarsely ground powder is primarily derived from small leftover pelagic or oceanic fish, including bones and organ flesh, which are pulverized into a meal. The resulting fishmeal is obtained in cake or powder form through the drying and milling of raw or trimmed fish.

The primary types of livestock benefiting from fishmeal include ruminants, poultry, swine, aquatic animals, and other livestock. Fishmeal is also utilized as fertilizer in various settings, such as vegetable gardens, flowerbeds, outdoor plants, trees, and shrubs. Fishmeal-based fertilizers are rich in nutrition, amino acids, and vitamins, serving as an excellent source of nitrogen and phosphorus to enhance root and leaf growth and improve soil structure. Different sources of fishmeal include salmon and trout, marine fish, carp, crustaceans, tilapia, and others, and these sources find applications in fertilizers, animal feed, and various other industries.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are influencing the fishmeal market by increasing costs of imported fishing equipment, processing machinery, energy inputs, and export logistics. Aquaculture and livestock feed producers in Asia-Pacific and Latin America are most affected due to reliance on cross-border fishmeal trade, while Europe faces higher compliance and transport costs. These tariffs are elevating feed prices and impacting profitability. At the same time, they are supporting domestic fishmeal production, regional feed manufacturing, and investment in alternative marine protein sources.

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

The fishmeal market size has grown strongly in recent years. It will grow from $9.38 billion in 2025 to $9.95 billion in 2026 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to expansion of global aquaculture activities, rising livestock feed requirements, availability of pelagic fish resources, adoption of industrial fishmeal processing, growth in fertilizer applications.

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.

The expansion of the aquaculture industry is anticipated to drive the growth of the fishmeal market in the coming years. Aquaculture refers to the cultivation and harvesting of fish, shellfish, and aquatic plants, such as algae, in freshwater, saltwater, and brackish environments. It is used to supply food, restore endangered species populations, replenish natural fish stocks, and rehabilitate aquatic habitats. Owing to the rising demand for seafood and the declining annual catch of wild fish, aquaculture is expected to expand, which in turn boosts demand for the fishmeal market. For instance, in June 2024, according to the Food and Agriculture Organization of the United Nations, a US-based government agency, aquatic animal production is projected to rise by 10 percent by 2032, reaching 205 million tonnes. Additionally, SOFIA estimates that apparent consumption will increase by 12 percent, supplying an average of 21.3 kg per capita by 2032. Therefore, the growth of the aquaculture industry is contributing to increased demand for the fishmeal market.

Leading companies operating in the fishmeal market are focusing on developing stress-mitigating fishmeal products, such as Pro-Allo, to address environmental stress in fish. Pro-Allo is an innovative fishmeal designed to support allostasis in fish, enabling them to cope with environmental stress. For example, in 2023, Pelagia, a Norway-based producer of pelagic fish products, introduced Pro-Allo, a novel fishmeal created to help fish withstand environmental stress, resulting in healthier and larger fish. Central to Pro-Allo is its support of allostasis, an essential biological mechanism that helps fish manage stress caused by environmental changes or handling. Another key characteristic of Pro-Allo is its enhanced level of water-soluble components, primarily comprising small proteins, free amino acids, and peptides.

In November 2024, Cooke Inc., a Canada-based seafood and seafood-ingredients company, acquired Corporacion Pesquera Inca S.A.C. (Copeinca) for an undisclosed amount. Through this acquisition, Cooke seeks to enhance its fishmeal and fish oil production capabilities and ensure a reliable supply of marine ingredients for aquaculture and feed markets. Copeinca is a Peru-based company engaged in the production and export of fishmeal and fish oil.

Major companies operating 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), TASA Pvt. Ltd., Corpesca SA, Colpex International S.A., Triplenine Group A/S, Pilmifresh S.A.

Asia-Pacific was the largest region in the fishmeal market in 2025. The regions covered in the fishmeal market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the fishmeal market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada

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.

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.

Fishmeal Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses fishmeal market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for fishmeal ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The fishmeal market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered: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
• Companies Mentioned: 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); TASA Pvt. Ltd.; Corpesca SA; Colpex International S.A.; Triplenine Group A/S; Pilmifresh S.A.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Italy; Spain; Canada
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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