Fishmeal & Fish Oil Global Market Report 2026

Fishmeal and fish oil are protein-rich derivatives derived from small forage fish or species occupying a lower trophic level within the marine ecosystem. Fish meal is a coarsely ground powder produced from whole fish, including bones and offal from processed fish. Its creation involves a cooking, drying, pressing, and grinding process carried out in specialized machinery. On the other hand, fish oil is an oil type extracted from the tissues of oily fish, containing essential omega-3 fatty acids like docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA).

The primary processing methods for fishmeal and fish oil are steam dried (SD) and flame dried (FD). Steam dried (SD) processing involves chopping fish and subjecting it to steam cookers via a screw conveyor to remove air and moisture. The cooked and pressed fish is then dried using hot air. Various sources contribute to fishmeal and fish oil production, including salmon, trout, marine fish, crustaceans, tilapia, carps, among others. These products find application across diverse sectors such as aquaculture and aquatic feeds, livestock and land animal feeds, agricultural fertilizers, pharmaceuticals, dietary supplements, and more.

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 impacting the fishmeal and fish oil market by increasing costs of imported raw fish, processing equipment, and cross-border trade of finished products. Aquaculture-heavy regions in Asia-Pacific and Europe are most affected due to dependence on marine imports, while North America faces higher feed input costs. These tariffs are increasing feed prices and affecting profitability for producers. However, they are also encouraging local sourcing, alternative protein development, and investment in regional fish processing infrastructure.

The fishmeal & fish oil market research report is one of a series of new reports from The Business Research Company that provides fishmeal & fish oil market statistics, including fishmeal & fish oil industry global market size, regional shares, competitors with a fishmeal & fish oil market share, detailed fishmeal & fish oil market segments, market trends and opportunities, and any further data you may need to thrive in the fishmeal & fish oil industry. This fishmeal & fish oil 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 & fish oil market size has grown strongly in recent years. It will grow from $11 billion in 2025 to $11.77 billion in 2026 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to expansion of aquaculture farming, established use in livestock feed, availability of marine raw materials, growth of fish processing industry, demand from animal nutrition sector.

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.

The increasing health consciousness among consumers is expected to drive the growth of the fish meal and fish oil market. Health consciousness reflects the extent to which individuals actively care for their health. Growing awareness of healthy lifestyles has increased demand for nutrient-rich foods, including fish, which is a high-quality, low-fat protein source rich in omega-3 fatty acids and vitamins D and B2 (riboflavin). Incorporating fish into diets at least twice a week is recommended for health benefits, which is boosting demand for fish meals and fish oil. For instance, in June 2024, according to the International Food Information Council (IFIC), a US-based non-profit organization, 54% of Americans followed a specific diet or eating pattern over the past year. Interest in increasing protein intake rose from 59% in 2022 to 67% in 2023, reaching 71% in 2024. Additionally, about half of consumers aim to eat more fresh foods, which are widely considered the healthiest options. Therefore, growing health consciousness is supporting the expansion of the fish meal and fish oil market.

Major companies in the fishmeal and fish oil industry are concentrating on launching new innovative products, such as algae omega-3, to maintain their market position. Algae omega-3 refers to omega-3 fatty acids sourced from algae, particularly microalgae. As awareness increases regarding the environmental issues related to overfishing and the growing demand for vegetarian and vegan alternatives, algae omega-3 has emerged as a favored option for those seeking the health benefits of omega-3 fatty acids. For example, in February 2023, VivoMega, a leading producer of marine-derived high omega-3 concentrates based in Norway, introduced a new line of high-concentration vegan omega-3 oils derived from microalgae through specialized processing. The company, in collaboration with its exclusive U.S. distribution partner Barrington Nutritional, will showcase this new range at the Natural Products Expo West trade exhibition in Anaheim.

In April 2024, Pelagia, a producer of pelagic fish products based in Norway, acquired Ideal Foods Limited for an undisclosed sum. This acquisition is anticipated to enhance Pelagia's standing in the seafood industry by broadening its product range for both human consumption and animal feeds. Through its subsidiary Epax, Pelagia also manufactures concentrated marine-based omega-3 fatty acids for dietary supplements and pharmaceutical uses. Ideal Foods Limited specializes in processing and supplying shellfish, whitefish, tuna, salmon heads, and other fish by-products.

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, Sursan Su Urunleri, 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, Havsbrun ehf

Asia-Pacific was the largest region in the fishmeal and fish oil market share in 2025. The regions covered in the fishmeal & fish oil 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 & fish oil market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada

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.

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 & Fish Oil 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 & fish oil 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 & fish oil ? 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 & fish oil 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 Type: Steam Dried (SD); Flame Dried (FD)
• 2) By Source: Forage And Pelagic Marine Fish; Marine Fish Processing; Salmonids
• 3) By Application: Aquaculture And Aquatic Feeds; Land Animal Feeds And Livestock; Agriculture And Fertilizers
• Subsegments:
• 1) By Steam Dried (SD): High-Protein Fishmeal; Regular Fishmeal
• 2) By Flame Dried (FD): High-Temperature Fishmeal; Specialty Fishmeal
• Companies Mentioned: Austevoll Seafood ASA; Oceana Group Ltd.; Omega Protein Corporation; The Scoular Company; GC Rieber Oils AS; Sursan Su Urunleri; 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; Havsbrun ehf
• 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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