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How Much Will The Fishmeal & Fish Oil Market Be Worth By 2030?
The fishmeal & fish oil market has shown robust expansion in recent years. It is anticipated to increase from $11 billion in 2025 to $11.77 billion in 2026, registering a compound annual growth rate (CAGR) of 7.0%. The primary factors contributing to its historical growth include the burgeoning aquaculture farming sector, its well-established application in livestock feed, the availability of marine raw materials, the development of the fish processing industry, and consistent demand from the animal nutrition sector.
The fishmeal & fish oil market is projected to experience substantial expansion over the upcoming years. This market is anticipated to reach $15.48 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.1%. This projected growth is driven by factors such as the increasing demand for sustainable aquafeed, higher consumption of omega-3 supplements, the broadening of pharmaceutical applications, a greater regulatory emphasis on sourcing, and advancements in fish byproduct utilization. Key developments expected during this period involve an escalating demand for high-protein animal feed ingredients, increasing utilization in aquaculture nutrition, the widening scope of omega-3 rich fish oil applications, a heightened focus on sustainable fish sourcing, and improvements in processing efficiency and quality control.
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The Key Driver Behind The Fishmeal & Fish Oil Market’s 7.1% CAGR
Elevated public health awareness is anticipated to stimulate the fish meal and fish oil market. This awareness reflects the degree to which individuals prioritize their well-being. Evolving lifestyles have led to a heightened public concern for health. Fish offers high-quality, low-fat protein, rich in Omega-3 fatty acids, vitamin D, and riboflavin (vitamin B2). The recommendation to consume fish at least twice weekly as part of a healthy diet is consequently driving up the demand for fish meals and fish oil. For example, data from June 2024 by the International Food Information Council (IFIC), a US-based non-profit, indicates that a significant 54% of Americans continued to adhere to specific diets or eating patterns throughout the previous year. A majority of individuals are seeking to boost their protein consumption, with interest rising from 59% in 2022 to 67% in 2023, and further to 71% in 2024. Moreover, approximately half of consumers intend to incorporate more fresh foods into their diets, widely recognized as the healthiest alternatives. Consequently, the expanding health awareness among the populace is propelling the growth of the fish meal and fish oil market.
Fishmeal & Fish Oil Market Classification: Main Segments And Detailed Subsegments
The fishmeal & fish oil market covered in this report is segmented –
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
Fishmeal & Fish Oil Market Strategic Shifts: What Leading Players Are Prioritizing
Leading companies in the fishmeal and fish oil sectors are concentrating on launching novel products like algae omega-3 to maintain their competitive market standing. Algae omega-3 signifies omega-3 fatty acids sourced from algae, particularly microalgae. With increasing awareness regarding environmental issues linked to overfishing and a rising demand for vegetarian and vegan alternatives, algae omega-3 has emerged as a favored option for those desiring the health advantages of omega-3 fatty acids. For example, in Feb 2023, VivoMega, a Norway based prominent manufacturer of marine-derived high Omega3 concentrates, unveiled a new collection of high-concentration vegan omega-3 oils, produced from microalgae through specialized processing. The company, together with its exclusive U.S. distribution partner Barrington Nutritional, plans to showcase this new line at the Natural Products Expo West trade exhibition in Anaheim.
Fishmeal & Fish Oil Market Company Analysis: Major Industry Participants
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, Sürsan Su Ürünleri, 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, Havsbrún ehf
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Fishmeal & Fish Oil Market Global Regional Breakdown: Key Regions Analyzed
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.
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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.
