The global fish meal market is on a steady growth trajectory, projected to increase from USD 46.62 billion in 2025 to USD 71.71 billion by 2035, registering a CAGR of 4.4%. The rising reliance on high-protein feed ingredients in aquaculture, particularly in Asia, is significantly propelling this growth. With wild-caught fish dominating raw material sourcing and customized formulations gaining popularity, the market is seeing dynamic transformations led by technological innovation and regional diversification.
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Market Trends Highlighted:
Aquaculture Leads Application Demand: Aquaculture is expected to hold approximately 50% of the fish meal market share in 2025. This is primarily driven by the surging demand for protein-rich feed for farmed fish.
Wild-Caught Fish Remains Key Raw Material: The wild-caught fish segment is poised to dominate the species category with around a 40% share in 2025, as it remains the primary input for fish meal production.
Sustainable Feed Innovation: Industry leaders are moving towards precision nutrition and sustainability, incorporating functional additives, microbial proteins, and hybrid fish meal technologies.
Production Surges: According to IFFO estimates, global fishmeal production rose by 26% in 2024 compared to the previous year, with fish oil production increasing by 12%, reflecting strong upstream supply trends.
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Key Takeaways of the Report:
- Market Valuation:
- 2025: USD 46.62 Billion
- 2035: USD 71.71 Billion
- CAGR (2025–2035): 4.4%
- Top Segment: Wild-caught fish to hold 40% share by 2025.
- Primary Application: Aquaculture accounts for half of the market, fueled by the need for nutrient-dense, digestible feed solutions.
- Key Growth Driver: Escalating demand for premium quality aquafeed and rising investments in sustainable aquaculture practices.
- Technological Trends: Increasing adoption of precision fermentation, probiotics, marine peptides, and customized nutrition profiles for high-value species.
- Top Growth Region: China leads with a forecast CAGR of 6.3%, fueled by expanding aquaculture and regulatory advancements.
Regional Market Outlook:
China:
The fish meal industry in China is evolving rapidly with a focus on tailored aqua feed formulations for high-value species like shrimp, grouper, and hybrid bass. Chinese companies such as COFCO Biotech and Fuzhou Haijing are pioneering innovations in optimizing protein and lipid profiles, enhancing digestibility, and integrating disease-resistant additives like probiotics and marine peptides. The move toward antibiotic-free and sustainable aquaculture has spurred demand for customized, high-performance fish meal.
Norway:
Norway, a leader in salmon farming, is transforming fish meal with the integration of precision-fermented proteins. Companies like Mowi ASA and BioMar Group are incorporating microbial proteins sourced from methane-eating bacteria and algae, enhancing amino acid efficiency and omega-3 content in salmon feeds. Supported by low-carbon aquaculture goals, the country is emerging as a hub of fish meal innovation with a forecast CAGR of 3.8%.
Japan:
Japan is driving the premium segment of the fish meal market, especially for tuna farming. Leaders like Maruha Nichiro and Nissui are focusing on ultra-purified fish meal with minimal ash and controlled fatty acid profiles. Using molecular fractionation and advanced refining technologies, the Japanese market emphasizes feed digestibility, omega-3 retention, and contaminant reduction to support the high standards of sushi-grade tuna production. Japan is expected to grow at a 2.5% CAGR through 2035.
Competition Outlook:
The global fish meal market is highly competitive, marked by consolidation among leading agribusinesses and rising innovation by regional producers.
Company Profile
-
- Pesquera Diamante S.A.
- Sarma Fish S.A.R.L
- Omega Protein Corporation
- Calysta, Inc
- Novus International Inc
- Alpha Atlantique
- Triplenine Group A/S
- Ff Skagen A/S
- Biomega AS
- Aker BioMarine Antarctic AS
- Other Market Players
Key Segments of the Report
By Product Type:
Fish Meal Powder, Fish Meal Pellets, Fish Oil, and Fish Protein Hydrolysate.
By Application:
Aquaculture, Animal Feed, Pet Food, Fertilizers, Nutraceuticals
By Source:
Wild-Caught Fish, Farmed Fish, Bycatch, and Processing by products.
By Region:
Industry analysis has been carried out in key countries of North America, Latin America, Europe, Middle East and Africa, East Asia, South Asia, and Oceania
