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Fishmeal Market Revenue Forecast: $9.95 Billion In 2026 Rising To $12.64 Billion In 2030
The fishmeal market has exhibited robust growth in recent years. It is anticipated to expand from $9.38 billion in 2025 to $9.95 billion in 2026, registering a compound annual growth rate (CAGR) of 6.0%. This historical growth can be attributed to the proliferation of global aquaculture, increasing demand for livestock feed, the availability of pelagic fish resources, the adoption of industrial fishmeal processing techniques, and the growth in fertilizer applications.
The fishmeal market size is anticipated to undergo significant expansion in the coming years. It is projected to reach $12.64 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.2%. This growth over the forecast period is driven by factors such as the increasing demand for sustainable aquafeed, a growing emphasis on alternative protein sourcing, the expansion of intensive aquaculture systems, rising investments in feed optimization technologies, and increased regulatory oversight concerning marine resource utilization. Key trends expected during this period include a heightened demand for high-protein aquafeed ingredients, greater utilization of sustainable fish sources, the broadening application of fishmeal in livestock nutrition, an increased focus on feed quality and digestibility, and improved processing efficiency in fishmeal production.
Free Sample Report: Fishmeal Market Size, Trends And Forecast To 2030:
Fishmeal Market Growth Catalyst: What Is Creating New Demand?
The expansion of the aquaculture industry is anticipated to boost the growth of the fishmeal market moving forward. Aquaculture involves the cultivation of fish, shellfish, and aquatic plants (such as algae) in fresh, salt, and brackish waters. It serves purposes like food provision, restoring populations of endangered species, replenishing natural stocks, and rehabilitating the habitats of water-based species. Given the substantial demand for seafood and the diminishing annual catch of wild fish, aquaculture is projected to grow, which in turn will heighten the demand for the fishmeal market. For instance, in June 2024, the Food and Agriculture Organization of the United Nations, a US-based government agency, reported that aquatic animal production is expected to rise by 10 percent by 2032, reaching 205 million tonnes. Additionally, SOFIA predicts that apparent consumption will increase by 12 percent, supplying an average of 21.3 kg per capita in 2032. Consequently, the development of the aquaculture industry is driving the demand for the fishmeal market.
Fishmeal Market Segment Overview: Categories Covered In The 2026 Report
The fishmeal market covered in this report is segmented –
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
How Are Leading Companies Shaping Fishmeal Market Trends?
Leading companies operating in the fishmeal market are developing stress-combating fishmeal varieties like Pro-Allo to help fish manage environmental stress. Pro-Allo is a groundbreaking fishmeal formulated to support allostasis in fish, assisting them in combating environmental stressors. For example, in 2023, Pelagia, a Norway-based producer of pelagic fish products, introduced Pro-Allo, an innovative fishmeal designed to aid fish in tackling environmental stress, resulting in significantly healthier and larger fish. Fundamentally, Pro-Allo supports allostasis, a crucial biological process that enables fish to counteract stressors from environmental changes or handling. Another distinct feature of Pro-Allo is its enriched content of water-soluble components, which are mainly composed of small proteins, free amino acids, and peptides.
Fishmeal Market Players: Key Companies Shaping Competition
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.
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Fishmeal Market Regional Performance And Geographic Coverage
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.
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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.
