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Fishmeal & Fish Oil Market Revenue Outlook: What CAGR Lies Ahead Through 2030?
The fishmeal & fish oil market size has shown robust growth in recent years. It is anticipated to expand from $11 billion in 2025 to $11.77 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 7.0%. This historical growth can be ascribed to elements such as the increasing scope of aquaculture farming, its established utilization in livestock feed, the ready supply of marine raw materials, the development of the fish processing industry, and the demand originating from the animal nutrition sector.
The fishmeal & fish oil market is projected for substantial expansion in the coming years. This market is expected to reach $15.48 billion in 2030, driven by a compound annual growth rate (CAGR) of 7.1%. The anticipated growth during the forecast period is primarily due to growing demand for sustainable aquafeed, rising consumption of omega-3 supplements, expansion of pharmaceutical applications, increasing regulatory focus on sourcing, and innovation in fish byproduct utilization. Furthermore, key developments expected over the forecast period encompass growing demand for high-protein animal feed ingredients, rising use in aquaculture nutrition, expansion of omega-3 rich fish oil applications, increasing focus on sustainable fish sourcing, and enhanced processing efficiency and quality control.
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Fishmeal & Fish Oil Market Expansion Drivers: What’s Shaping Future Growth?
The rising health awareness among people is anticipated to boost the fish meal and fish oil market. Health awareness indicates the extent to which individuals prioritize their health. There is an increasing concern for health among the population due to evolving lifestyles. Fish offers high-quality, low-fat protein, and is abundant in Omega-3 fatty acids and vitamins D and B2 (riboflavin). The recommendation to incorporate fish into a healthy diet at least twice a week is leading to an increase in demand for fish meals and fish oil. For instance, in June 2024, data from the International Food Information Council (IFIC), a US-based non-profit organization, showed that the proportion of Americans following a specific diet or eating pattern over the past year remains high at 54%. Most individuals seek to enhance their protein intake, with interest climbing from 59% in 2022 to 67% in 2023, and reaching 71% in 2024. Additionally, roughly half of consumers aim to consume more fresh foods, which are widely considered the healthiest options. Therefore, the growing health consciousness among people is driving the expansion of the fish meal & fish oil market.
Fishmeal & Fish Oil Market Segment Breakdown: Which Categories Lead On Revenue?
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 Trends: What Defines The Next Growth Phase?
Major companies operating in the fishmeal and fish oil industries are concentrating on introducing innovative products like algae omega-3 to uphold their market presence. Algae omega-3 refers to omega-3 fatty acids sourced from algae, specifically microalgae. As awareness about environmental concerns such as overfishing and the demand for vegetarian and vegan choices grows, algae omega-3 has become a preferred option for individuals seeking the health advantages of omega-3 fatty acids. For example, in February 2023, VivoMega, a Norway-based leading producer of marine-derived high Omega3 concentrates, unveiled a new collection of high-concentration vegan omega-3 oils made from microalgae, utilizing specialized processing. Alongside its exclusive U.S. distribution partner Barrington Nutritional, the company intends to present this new range at the Natural Products Expo West trade exhibition in Anaheim.
Fishmeal & Fish Oil Market Leading Players And Competitive Positioning
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 Geographic Spread And Regional Opportunities
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.
