Fishmeal and Fishoil Market Size, Share, Growth, and Industry Analysis, By Types (Salmon & trout, Crustaceans, Marine fish, Carps, Tilapias, Others), By Applications (Poultry, Swine, Poultry, Aquatic animals, Others), and Regional Insights and Forecast to 2034

Fishmeal and Fishoil Market Size

The Global Fishmeal and Fishoil Market size was USD 7.95 billion in 2024 and is projected to reach USD 8.23 billion in 2025, further expanding to USD 8.53 billion in 2026 and achieving USD 11.32 billion by 2034. This steady progression reflects a CAGR of 3.6% during the forecast period from 2025 to 2034. The expansion is driven by the increasing reliance of aquaculture, which consumes nearly 84% of fishmeal and fishoil, while poultry represents around 30% of usage and swine adds another 15%. More than 55% of global fishmeal originates from marine fish such as anchovy, sardine, and menhaden, while salmon and trout contribute about 18% and crustaceans around 12%. Additionally, more than 35% of fishoil is directed towards human nutrition, emphasizing omega-3 based dietary supplements and functional food products.

In the U.S. Fishmeal and Fishoil Market, aquaculture remains the largest consumer with over 52% share, driven by demand for salmon and trout feed. Poultry feed usage accounts for approximately 28%, while swine feed contributes around 14%. Nearly 36% of fishoil produced in the US is processed into dietary supplements, reflecting strong consumer preference for omega-3 enriched products. Sustainability-certified products represent more than 40% of the national output, highlighting growing emphasis on eco-friendly sourcing. Moreover, pet nutrition is emerging rapidly, with nearly 12% of fishoil demand redirected to premium pet food formulations. Expanding health awareness, increasing seafood consumption, and wider adoption of certified sustainable products are reinforcing consistent growth in the US fishmeal and fishoil industry.

Key Findings

• Market Size: The market is expected to rise from $7.95 Billion in 2024 to $8.23 Billion in 2025, reaching $11.32 Billion by 2034, showing a CAGR of 3.6%.
• Growth Drivers: 84% usage in aquaculture, 30% in poultry feed, 15% in swine feed, 35% fishoil in supplements, 65% certified output.
• Trends: 55% share from marine fish, 18% from salmon and trout, 12% from crustaceans, 45% market in Asia-Pacific, 35% fishoil in human nutrition.
• Key Players: Royal DSM, BASF SE, Omega Protein Corporation, Pelagia, Croda International PLC & more.
• Regional Insights: North America holds 15% market share due to aquaculture expansion; Asia-Pacific leads with 45% driven by carp and shrimp farming; Europe commands 28% supported by salmon production; Latin America 10% and Middle East & Africa 2% share from growing aquaculture feed.
• Challenges: 40% supply fluctuations from overfishing, 30% seasonal disruptions, 28% regulatory pressure, 35% rising production costs, 22% energy-based expenses.
• Industry Impact: 70% aquaculture dependency, 65% focus on eco-certified sourcing, 55% trade via exports, 36% fishoil for supplements, 12% pet nutrition adoption.
• Recent Developments: 65% sustainable certification expansion, 40% new aquafeed adoption, 35% high-purity omega-3 launches, 15% pet nutrition integration, 12% rise in global exports.

The Global Fishmeal and Fishoil Market continues to evolve as a critical component of aquaculture and animal nutrition. With 84% directed into aquatic feed, it ensures healthy growth and productivity of farmed species. Poultry accounts for 30% of consumption while swine adds 15%, showcasing its widespread use in livestock. Over 55% of fishmeal is sourced from marine fish, with salmon, trout, and crustaceans adding significant contributions. More than 65% of global production is now eco-certified, ensuring sustainability, while 35% of fishoil is processed into human nutrition products, reinforcing the importance of omega-3 demand worldwide.

Fishmeal and Fishoil Market Trends

The fishmeal and fishoil market is experiencing strong momentum driven by rising demand in aquaculture, livestock feed, and human nutrition. Aquaculture continues to dominate with nearly 84% of fishmeal and fishoil consumption, highlighting its critical role in supporting global seafood farming. Marine fish remain the primary raw material, contributing close to 86% of the total supply, with anchovies, sardines, and menhaden accounting for a majority of production. Within product segmentation, fishmeal leads with approximately 60% share, while fishoil represents around 40%, showcasing the higher utilization of protein-rich meal in animal feed. Application-wise, aquatic species account for about 50% of demand, followed by poultry with 30% and swine with 15%, while other livestock categories make up the remaining 5%. The nutritional benefits of fishoil, particularly omega-3 fatty acids, are fueling growth in dietary supplements, with more than 35% of fishoil now processed for direct human consumption. In terms of trade, global fishmeal exports account for over 70% of total production, with major producing nations supplying key aquaculture-driven markets worldwide. Sustainability initiatives are also shaping trends, with over 65% of the global output now certified by recognized eco-labels to ensure responsible sourcing. This increasing focus on sustainable harvesting and certified production is strengthening consumer trust and expanding adoption across multiple industries.

Fishmeal and Fishoil Market Dynamics

OPPORTUNITY

Growth in Omega-3 Applications

The fishmeal and fishoil market is expanding rapidly due to increasing adoption of omega-3 in health supplements, pharmaceuticals, and functional foods. More than 35% of global fishoil output is utilized in human nutrition, reflecting the strong emphasis on wellness and preventive care. Rising awareness of cardiovascular and cognitive benefits has pushed omega-3 supplements to a 40% consumption share in developed markets. In addition, over 25% of fishoil demand is now supported by fortified dairy and infant nutrition products, driving diversification of end-use industries. Sustainable sourcing certifications cover nearly 65% of fishoil production, enhancing opportunities in premium consumer segments.

DRIVERS

Rising Aquaculture Production

Aquaculture remains the largest driver of the fishmeal and fishoil market, consuming nearly 84% of the global supply. Fishmeal supports high protein feed, while fishoil delivers essential omega-3 fatty acids vital for farmed species. Aquatic species such as salmon, trout, and shrimp account for more than 50% of total feed applications. Poultry contributes close to 30% and swine around 15% of demand, highlighting diversification in animal nutrition. In terms of trade, exports represent over 70% of fishmeal supply, reinforcing its global importance. With 87% of fishmeal and 74% of fishoil directed into aquaculture, growth momentum remains firmly anchored in seafood farming.

Market Restraints

"Supply Chain Pressures"

The fishmeal and fishoil market faces supply limitations due to fluctuating marine catch volumes and regulatory restrictions. Nearly 40% of raw material availability is impacted by environmental factors such as overfishing and climatic conditions. Around 30% of total production experiences seasonal disruptions, affecting consistency in global supply. Additionally, strict fishing quotas regulate almost 50% of marine fish harvesting, reducing access to resources for processing. With more than 25% of global demand dependent on exports from a few concentrated regions, market stability is often challenged by trade restrictions and sustainability compliance issues.

Market Challenges

"Rising Production Costs"

Increasing operational costs pose a significant challenge for the fishmeal and fishoil market, particularly in processing and distribution. Energy expenditures account for nearly 22% of total production costs, while logistics contribute close to 18%. Compliance with environmental regulations and certification requirements now impacts around 28% of global producers, increasing operational complexity. Feed manufacturers report that up to 35% of their expenses are influenced by raw material price volatility. Furthermore, demand from aquaculture consumes over 80% of supply, causing tight competition among end-users and driving costs higher across international markets.

Segmentation Analysis

The fishmeal and fishoil market is segmented by type and application, reflecting diverse consumption patterns across aquaculture, livestock, and nutritional industries. By type, marine fish dominates with more than 55% share due to its abundant supply and high protein content, followed by salmon and trout with around 18% share, supported by strong demand from premium aquaculture systems. Crustaceans account for nearly 12%, while carps hold close to 8% and tilapias represent around 5% of the market, with the remaining 2% covered by other species. By application, aquaculture remains the largest sector, consuming approximately 84% of global fishmeal and fishoil, while poultry contributes nearly 10%, swine about 4%, and other industries 2%. This segmentation shows how fishmeal and fishoil act as a critical nutritional component across aquatic and terrestrial species. Increasing demand for omega-3 rich feed and sustainability-certified production is further enhancing the penetration of fishmeal and fishoil across these diverse segments.

By Type

Salmon & Trout: Salmon and trout represent a premium segment in the fishmeal and fishoil market, accounting for nearly 18% of demand. These species require high protein and omega-3 content in feed, ensuring growth efficiency and product quality. The rising preference for salmon in developed regions has strengthened fishmeal and fishoil utilization in aquaculture systems dedicated to cold-water species. Increasing consumption patterns in Europe and North America drive consistent expansion in this category.

The salmon and trout segment of the fishmeal and fishoil market stood at USD 1.44 billion in 2025, representing 18% share, projected to grow at a CAGR of 3.8% until 2034.

Major Dominant Countries in the Salmon & Trout Segment

• Norway holds USD 0.56 billion market size with 7% share and CAGR of 3.9% in fishmeal and fishoil usage.
• Chile accounts for USD 0.48 billion with 6% share and CAGR of 3.7%, driven by expanding aquaculture production.
• United States contributes USD 0.40 billion with 5% share and CAGR of 3.6%, supported by rising salmon consumption.

Crustaceans: Crustaceans form around 12% of the global fishmeal and fishoil market, with demand led by shrimp, prawns, and lobsters. The nutritional profile of fishmeal supports rapid growth and disease resistance in these species, making it indispensable in crustacean aquaculture. Rising seafood exports from Asia-Pacific countries have significantly contributed to the segment’s expansion. Sustainable feed practices are also influencing higher adoption rates of fishmeal and fishoil in shrimp farming.

The crustacean segment of the fishmeal and fishoil market was USD 0.99 billion in 2025, representing 12% share, with an expected CAGR of 3.5% through 2034.

Major Dominant Countries in the Crustaceans Segment

• China holds USD 0.45 billion market size with 5% share and CAGR of 3.4% in fishmeal and fishoil application.
• India records USD 0.32 billion with 4% share and CAGR of 3.6%, supported by strong shrimp farming growth.
• Vietnam contributes USD 0.22 billion with 3% share and CAGR of 3.5%, leveraging expanding prawn exports.

Marine Fish: Marine fish dominate the fishmeal and fishoil market with more than 55% share, derived from species like anchovy, sardine, and menhaden. Their abundance and high yield make them the largest contributor to fishmeal production. Aquaculture, poultry, and swine feed industries rely heavily on marine fish-based products, reinforcing their role in the value chain. With over half of total supply sourced from marine fish, this segment remains the backbone of the global market.

The marine fish segment of the fishmeal and fishoil market reached USD 4.52 billion in 2025, holding 55% share, expected to expand at a CAGR of 3.6% until 2034.

Major Dominant Countries in the Marine Fish Segment

• Peru holds USD 1.80 billion market size with 22% share and CAGR of 3.6% in global fishmeal and fishoil.
• Chile accounts for USD 1.36 billion with 16% share and CAGR of 3.5%, benefiting from strong anchovy resources.
• Denmark contributes USD 1.08 billion with 13% share and CAGR of 3.7%, supported by North Atlantic fishery supply.

Carps: Carps represent approximately 8% of the fishmeal and fishoil market, supported by high consumption in Asia-Pacific. Fishmeal is widely used in carp feed for faster growth, disease resistance, and better nutrient absorption. With carp being a staple in aquaculture across countries like China and India, the demand for fishmeal and fishoil in this segment continues to grow steadily, backed by rising food demand and evolving feed practices.

The carp segment of the fishmeal and fishoil market stood at USD 0.66 billion in 2025, representing 8% share, with a projected CAGR of 3.4% through 2034.

Major Dominant Countries in the Carps Segment

• China contributes USD 0.28 billion with 3% share and CAGR of 3.4%, driven by strong aquaculture dominance.
• India accounts for USD 0.22 billion with 3% share and CAGR of 3.3%, reflecting growing freshwater aquaculture expansion.
• Bangladesh holds USD 0.16 billion with 2% share and CAGR of 3.5%, leveraging increasing carp farming practices.

Tilapias: Tilapia accounts for nearly 5% of the fishmeal and fishoil market, with increasing demand from Asia, Africa, and Latin America. These species are relatively low-cost to farm, and fishmeal inclusion ensures higher protein efficiency and improved feed conversion ratios. The tilapia market continues to expand as a staple fish, particularly in emerging economies where affordable protein sources are essential.

The tilapia segment of the fishmeal and fishoil market was USD 0.41 billion in 2025, representing 5% share, projected to grow at a CAGR of 3.7% through 2034.

Major Dominant Countries in the Tilapias Segment

• China holds USD 0.18 billion with 2% share and CAGR of 3.6%, supported by large-scale tilapia aquaculture.
• Egypt contributes USD 0.14 billion with 2% share and CAGR of 3.7%, reflecting strong domestic consumption demand.
• Indonesia accounts for USD 0.09 billion with 1% share and CAGR of 3.8%, benefiting from rapid expansion in tilapia farming.

Others: Other species collectively represent about 2% of the fishmeal and fishoil market, including catfish, eels, and other regionally significant aquaculture species. While smaller in contribution, these species add diversification and resilience to the overall market structure. The category is influenced by local dietary preferences and niche aquaculture practices across various regions, helping sustain smaller but profitable markets.

The others segment of the fishmeal and fishoil market reached USD 0.16 billion in 2025, with 2% share and expected CAGR of 3.2% by 2034.

Major Dominant Countries in the Others Segment

• United States contributes USD 0.07 billion with 1% share and CAGR of 3.1%, driven by catfish farming expansion.
• Nigeria holds USD 0.05 billion with 1% share and CAGR of 3.3%, reflecting demand for region-specific aquaculture species.
• Thailand accounts for USD 0.04 billion with 0.5% share and CAGR of 3.2%, supported by mixed aquaculture practices.

By Application

Poultry: Poultry is a vital application segment in the fishmeal and fishoil market, accounting for close to 30% of total demand. Fishmeal is widely used in poultry feed as a protein source that enhances growth rates, feed conversion, and egg quality. The nutritional benefits of omega-3 from fishoil also contribute to healthier poultry meat, aligning with consumer demand for premium animal protein. This segment continues to grow with rising poultry consumption globally and the expansion of commercial feed operations.

The poultry application of the fishmeal and fishoil market stood at USD 2.47 billion in 2025, holding a 30% share, with a CAGR of 3.5% projected through 2034.

Major Dominant Countries in the Poultry Segment

• China holds USD 0.88 billion with 11% share and CAGR of 3.6%, supported by its large poultry farming sector.
• United States accounts for USD 0.84 billion with 10% share and CAGR of 3.5%, driven by rising broiler production.
• Brazil contributes USD 0.75 billion with 9% share and CAGR of 3.4%, reflecting its strong poultry export industry.

Swine: Swine nutrition represents around 15% of fishmeal and fishoil market demand. Fishmeal enhances digestibility, weight gain, and reproductive efficiency in swine feed, making it essential for intensive farming practices. The segment benefits from increasing pork consumption in Asia and Europe, supported by efficient feed formulations that include both fishmeal and fishoil. Growing awareness of protein-rich feed supplements ensures consistent demand within this category.

The swine application of the fishmeal and fishoil market reached USD 1.24 billion in 2025, representing a 15% share, with an expected CAGR of 3.3% until 2034.

Major Dominant Countries in the Swine Segment

• China contributes USD 0.56 billion with 7% share and CAGR of 3.4%, backed by the world’s largest pork industry.
• Germany accounts for USD 0.39 billion with 5% share and CAGR of 3.2%, reflecting its strong swine farming operations.
• Spain holds USD 0.29 billion with 3% share and CAGR of 3.3%, supported by rising pork export demand.

Aquatic Animals: Aquatic animals dominate the fishmeal and fishoil market, accounting for nearly 50% of global demand. This segment includes salmon, trout, carps, tilapias, and crustaceans, with fishmeal and fishoil being indispensable in their diet for growth and disease resistance. With aquaculture expanding worldwide, the reliance on these marine-derived ingredients continues to grow. Omega-3 rich fishoil is particularly crucial for maintaining fish health, ensuring better yields and product quality for seafood markets.

The aquatic animal application of the fishmeal and fishoil market stood at USD 4.12 billion in 2025, representing 50% share, projected to grow at a CAGR of 3.7% until 2034.

Major Dominant Countries in the Aquatic Animals Segment

• Norway holds USD 1.23 billion with 15% share and CAGR of 3.8%, supported by advanced salmon aquaculture practices.
• China contributes USD 1.08 billion with 13% share and CAGR of 3.6%, driven by carp and tilapia farming expansion.
• Chile accounts for USD 0.92 billion with 11% share and CAGR of 3.7%, reflecting its strong salmon and trout industry.

Others: Other applications, including pet food and niche livestock, contribute about 5% to the fishmeal and fishoil market. These uses are smaller in scale but steadily rising due to consumer demand for premium pet nutrition and specialized feed additives. Fishmeal offers protein enrichment in pet diets, while fishoil provides essential omega-3 fatty acids. This segment demonstrates the adaptability of fishmeal and fishoil beyond traditional livestock and aquaculture.

The others application of the fishmeal and fishoil market recorded USD 0.41 billion in 2025, representing 5% share, with a CAGR of 3.2% expected until 2034.

Major Dominant Countries in the Others Segment

• United States holds USD 0.16 billion with 2% share and CAGR of 3.2%, driven by the premium pet food industry.
• United Kingdom contributes USD 0.13 billion with 2% share and CAGR of 3.1%, reflecting strong demand in companion animals.
• Japan accounts for USD 0.12 billion with 1% share and CAGR of 3.3%, supported by growing pet care expenditure.

Fishmeal and Fishoil Market Regional Outlook

The fishmeal and fishoil market demonstrates strong regional diversification, with Asia-Pacific leading consumption due to its dominant aquaculture industry, accounting for nearly 45% of total global demand. Europe follows with around 28% share, supported by salmon farming in Norway and Denmark, while North America contributes close to 15% of demand, driven by aquaculture expansion and poultry feed integration. Latin America, particularly Peru and Chile, stands as a major production hub, contributing nearly 10% of the overall supply chain through its vast marine fish resources. The Middle East and Africa, although smaller with about 2% market share, are rapidly growing regions supported by aquaculture and rising demand for premium protein sources. Regional trends reflect not only consumption patterns but also production leadership, as Peru and Chile remain central in exports, while Asia-Pacific continues to dominate imports. With rising demand for sustainable fishmeal and fishoil, each region plays a crucial role in shaping global supply and demand equilibrium.

North America

North America is a significant market for fishmeal and fishoil, holding approximately 15% of the global share. The region’s demand is driven by aquaculture expansion, especially in salmon farming in the Pacific Northwest, alongside rising adoption in poultry feed and pet nutrition. Growing consumer focus on omega-3 enriched food products further strengthens the market. The United States leads, followed by Canada and Mexico, all benefiting from advanced aquaculture and livestock farming practices.

The North America fishmeal and fishoil market reached USD 1.23 billion in 2025, representing 15% share, with steady growth expected through 2034.

North America - Major Dominant Countries in the Fishmeal and Fishoil Market

• United States holds USD 0.72 billion with 9% share and CAGR of 3.5%, driven by aquaculture and poultry feed integration.
• Canada contributes USD 0.31 billion with 4% share and CAGR of 3.6%, supported by salmon aquaculture and sustainable fisheries.
• Mexico accounts for USD 0.20 billion with 2% share and CAGR of 3.4%, reflecting aquaculture development and feed industry expansion.

Europe

Europe commands nearly 28% of the global fishmeal and fishoil market, driven by its strong aquaculture sector, particularly salmon and trout farming. The region emphasizes sustainable sourcing and eco-certification, with Norway, Denmark, and the United Kingdom being the most prominent players. Fishmeal and fishoil are widely utilized in aquaculture feed as well as in livestock nutrition, ensuring consistent market growth. Increasing consumer awareness of omega-3 benefits also contributes to rising demand in human health supplements across the region.

The Europe fishmeal and fishoil market recorded USD 2.30 billion in 2025, representing 28% share, and is set to expand steadily until 2034.

Europe - Major Dominant Countries in the Fishmeal and Fishoil Market

• Norway holds USD 0.92 billion with 11% share and CAGR of 3.7%, fueled by salmon aquaculture and fishoil consumption.
• Denmark contributes USD 0.78 billion with 9% share and CAGR of 3.6%, leveraging marine fish resources for fishmeal exports.
• United Kingdom accounts for USD 0.60 billion with 7% share and CAGR of 3.5%, supported by aquaculture feed and pet nutrition demand.

Asia-Pacific

Asia-Pacific dominates the fishmeal and fishoil market with nearly 45% share, driven by its vast aquaculture production and livestock feed demand. Countries such as China, India, and Vietnam lead this region, utilizing fishmeal and fishoil extensively for carp, tilapia, and crustacean farming. Growing consumer preference for protein-rich seafood and increasing health awareness regarding omega-3 intake have further enhanced the region’s dominance. Expansion of certified sustainable aquaculture systems is also fueling growth, positioning Asia-Pacific as the largest consumer market for fishmeal and fishoil globally.

The Asia-Pacific fishmeal and fishoil market recorded USD 3.70 billion in 2025, representing 45% share, projected to continue strong expansion until 2034.

Asia-Pacific - Major Dominant Countries in the Fishmeal and Fishoil Market

• China contributes USD 1.70 billion with 21% share and CAGR of 3.6%, supported by carp and tilapia aquaculture leadership.
• India holds USD 1.10 billion with 13% share and CAGR of 3.5%, driven by expanding shrimp and freshwater fish farming.
• Vietnam accounts for USD 0.90 billion with 11% share and CAGR of 3.7%, reflecting strong export-oriented aquaculture practices.

Middle East & Africa

The Middle East & Africa region accounts for nearly 2% of the fishmeal and fishoil market, with gradual growth supported by aquaculture expansion, rising livestock demand, and premium feed adoption. Countries such as Egypt, Nigeria, and South Africa are at the forefront, integrating fishmeal and fishoil into aquafeed and poultry feed production. The region is witnessing increasing seafood consumption and greater interest in omega-3 fortified food products, helping stimulate demand. Although smaller in size, the region shows steady momentum with untapped growth opportunities in aquaculture and pet nutrition sectors.

The Middle East & Africa fishmeal and fishoil market was valued at USD 0.16 billion in 2025, representing 2% share, with growth projected to accelerate through 2034.

Middle East & Africa - Major Dominant Countries in the Fishmeal and Fishoil Market

• Egypt holds USD 0.07 billion with 1% share and CAGR of 3.3%, driven by tilapia farming and aquaculture feed expansion.
• Nigeria contributes USD 0.05 billion with 1% share and CAGR of 3.4%, reflecting strong demand for poultry and aquafeed nutrition.
• South Africa accounts for USD 0.04 billion with 0.5% share and CAGR of 3.2%, supported by fishmeal usage in poultry and pet feed.

List of Key Fishmeal and Fishoil Market Companies Profiled

Investment Analysis and Opportunities

The fishmeal and fishoil market presents expanding investment opportunities, fueled by the increasing demand for sustainable aquaculture, livestock feed, and omega-3 based health products. Aquaculture consumes nearly 84% of global fishmeal and fishoil, making it the primary investment driver, while poultry and swine collectively account for close to 45% of additional utilization. More than 60% of fishmeal is used as a high-protein feed input, providing long-term investment opportunities in intensive farming systems. Global exports cover over 70% of fishmeal supply, with significant opportunities in logistics and trade financing. Sustainability certifications are growing rapidly, with more than 65% of total production now certified, creating new premium segments. Around 35% of fishoil is processed for direct human consumption, particularly in omega-3 supplements and fortified foods, highlighting opportunities in the nutraceuticals sector. With aquaculture production rising at over 6% annually in emerging regions and consumer awareness of nutritional benefits expanding by nearly 40%, investments in processing plants, eco-certified fisheries, and value-added fishoil applications will continue to generate strong returns for stakeholders in this global market.

New Products Development

Innovation in fishmeal and fishoil products is accelerating as companies seek to address the demand for higher-quality, sustainable, and diversified applications. More than 55% of producers are investing in new product formulations tailored for aquafeed to enhance growth efficiency and disease resistance in farmed species. Functional feed products enriched with fishoil are being adopted by nearly 40% of aquaculture operators, reflecting strong acceptance of premium feed inputs. In the nutraceutical industry, omega-3 capsules, powders, and fortified beverages now account for over 30% of total fishoil utilization. Around 25% of manufacturers are introducing concentrated fishoil formulations to meet consumer preference for high-purity products. In the livestock sector, over 20% of poultry and swine feed companies have integrated enhanced fishmeal blends, improving protein conversion rates. Pet nutrition has also emerged as a fast-growing application, with 15% of total fishoil demand now directed toward premium pet food. With more than 60% of global consumers seeking certified sustainable products, companies are launching eco-labeled fishmeal and fishoil solutions, further strengthening their competitive position in the global market.

Recent Developments

The fishmeal and fishoil market has witnessed several strategic initiatives and product innovations in 2023 and 2024, reflecting a focus on sustainability, aquafeed optimization, and value-added applications. Manufacturers are adopting new technologies, enhancing production efficiency, and expanding their eco-certified portfolios to align with rising consumer and industry demands.

• Eco-Certified Expansion: In 2023, more than 65% of global production was aligned with sustainability certifications, as leading companies invested heavily in eco-labeling to secure consumer trust and increase access to premium export markets.

• Aquafeed Innovation: By 2024, nearly 40% of aquaculture farms adopted new fishmeal formulations enriched with functional additives, improving feed conversion rates by up to 25% and reducing disease outbreaks by almost 20%.

• Human Nutrition Growth: In 2023, over 35% of fishoil production was directed to dietary supplements, with companies launching high-purity omega-3 concentrates and fortified powders, enhancing global availability of functional nutrition solutions.

• Pet Food Integration: In 2024, premium pet nutrition accounted for 15% of fishoil demand, as manufacturers introduced customized blends targeting health-conscious pet owners, driving stronger diversification in product portfolios.

• Regional Trade Development: Between 2023 and 2024, global exports of fishmeal grew by nearly 12%, with Asia-Pacific emerging as the largest importer, consuming over 45% of traded volumes for aquaculture feed.

These recent developments highlight the industry’s commitment to innovation, sustainability, and diversified applications, driving consistent growth across multiple sectors.

Report Coverage

The fishmeal and fishoil market report provides comprehensive coverage of key drivers, opportunities, and challenges, offering detailed segmentation by type, application, and region. The report highlights that aquaculture consumes nearly 84% of total fishmeal and fishoil, followed by poultry at 30% and swine at 15%, while other applications represent 5%. Marine fish dominates the raw material base with over 55% share, while salmon and trout contribute 18% and crustaceans 12%, with carp, tilapia, and other species making up the balance. Regionally, Asia-Pacific leads with 45% share, Europe follows at 28%, and North America accounts for 15%, while Latin America contributes 10% and the Middle East & Africa 2%. In terms of trade, more than 70% of fishmeal supply is exported, reflecting the industry’s globalized structure. Sustainability plays a key role, with over 65% of output now certified, reinforcing industry commitment to eco-friendly sourcing. Human nutrition also strengthens the market profile, with 35% of fishoil directed to supplements, fortified foods, and functional health products. This detailed coverage ensures stakeholders gain insights into consumption patterns, production trends, trade dynamics, and new growth opportunities within the fishmeal and fishoil market.