Designed to make market research more actionable and strategically valuable, The Business Research Company’s 2026 market reports feature market attractiveness scoring, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, deeper supply chain intelligence, emerging startup tracking, and granular product-level insights.
What Is The Projected CAGR Of The Fish Powder Market Through 2030?
The fish powder market has experienced robust growth in recent years. It is projected to expand from $9.4 billion in 2025 to $10.01 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 6.5%. Historically, this expansion has been driven by factors such as the increasing availability of fish processing by-products, rising malnutrition concerns in developing regions, the broadening of aquaculture production, growing demand for animal feed, and the adoption of traditional fish preservation methods.
The fish powder market is projected to experience substantial growth in the upcoming years. This market is anticipated to reach $12.9 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.6%. This expansion during the forecast period is primarily driven by factors such as the growing demand for foods fortified with micronutrients, a heightened emphasis on sustainable protein options, the broader application of functional foods, increased investments in food processing facilities, and enhanced regulatory backing for nutritional fortification. Key trends anticipated over this period involve greater use of fish by-products for manufacturing powder, a surge in demand for high-protein dietary supplements, increasing implementation of nutrient fortification in everyday foods, the development of processing methods for low-odor fish powder, and a stronger focus on standards for food safety and quality.
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Fish Powder Market Demand Analysis: The Driving Force Behind Expansion
The expansion of aquaculture is projected to drive the fish powder market forward. Aquaculture involves cultivating, breeding, and harvesting aquatic organisms within controlled settings like ocean enclosures. Fish powder is utilized in aquaculture as a valuable feed ingredient, rich in protein, to encourage growth and supply essential nutrients to cultured aquatic organisms. For instance, in December 2024, the United States Department of Agriculture, a US-based government agency, reported that in 2023, there were 3,453 aquaculture farms and total sales of aquaculture products reached $1.9 billion. Furthermore, Catfish sales, valued at $480.0 million, constituted 59% of all food fish sales in 2023. Therefore, the increase in aquaculture is propelling the fish powder market.
Breaking Down The Fish Powder Market By Segment
The fish powder market covered in this report is segmented –
1) By Type: Steam Dried (SD) Fish Powder, Flame Dried (FD) Fish Powder
2) By Distribution Channel: B2B, B2C
3) By Application: Swine, Poultry, Aquaculture, Other Applications
4) By End-User: Food And Beverages, Sports Nutrition and Dietary Supplements, Animal Feed
Subsegments:
1) By Steam Dried (SD) Fish Powder: High-Protein Steam Dried Powder, Low-Odor Steam Dried Powder
2) By Flame Dried (FD) Fish Powder: Traditional Flame Dried Powder, High-Temperature Flame Dried Powder
Top Trend Influencing The Fish Powder Market Outlook
Leading firms in the fish powder market are introducing sustainable feeding solutions, such as NaturAlgae, to offer a sustainable and nourishing feed component for the aquaculture industry. NaturAlgae is characterized as a lightweight, fire-resistant substance, possessing a density of 1.28 g/cm^3. For example, in April 2023, MiAlgae, a cutting-edge microalgal production firm based in the UK, unveiled NaturAlgae, an omega-3 powder designed for use as a nutritious feed ingredient. This product is a dry powder rich in DHA and other oils, suitable for incorporation into aquafeed formulations, thereby delivering the recognized health advantages associated with omega-3. The company, utilizing an innovative manufacturing process, aims to reduce global reliance on wild-caught fish, traditionally the source of omega-3. It employs innovative biotechnology to repurpose by-products from the Scotch whisky industry, cultivating omega-3-enriched microalgae, which provides an alternative to traditional omega-3 sources from wild fish. This approach also supports sustainability by potentially saving significant CO2 emissions, recycling millions of liters of water, and conserving fish stocks.
Fish Powder Market Competitive Landscape And Major Players
Major companies operating in the fish powder market are Austevoll Seafood ASA, Omega Protein Corporation, Daybrook Fisheries Inc., Kodiak Fishmeal Company, Pesquera Exalmar SAA, Pesquera Hayduk S.A., Austral Group SAA, Oceana Group Limited, Dalian Longyuan Fish Meal Co. Ltd., Pelagia AS, Scanbio Marine Group AS, TripleNine Group A/S, FF Skagen A/S, Havsbrún, Norebo Holding AS, Novofood SA, Sopropêche, TASA, Copeinca, China Fishery Group, Pesquera Diamante, Pesquera Centinela
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Where Is The Fish Powder Market Largest? Key Regional Insights
Asia-Pacific was the largest region in the fish powder market in 2025. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the fish powder market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
