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Fishmeal & Fish Oil Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts

04-15-2025 09:41 AM CET | Food & Beverage

Press release from: The Business Research Company

Fishmeal & Fish Oil

Fishmeal & Fish Oil

The Fishmeal & Fish Oil Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Fishmeal & Fish Oil Market Size During the Forecast Period?
The market size for fishmeal and fish oil has been seeing robust growth in the past few years. The market valuation is expected to rise from $10.33 billion in 2024 to $11.09 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.3%. The upward trend in the historic period is due to increased global intake of fish, the nutritional advantages of incorporating them into animal feed, global expansion of seafood trade, the establishment of sustainable fishing methods, and the utilization of fishery by-products.

Expectations are high for a robust expansion of the fishmeal & fish oil market in the upcoming years, with projections landing at a market value of $14.62 billion by 2029, delivering a compound annual growth rate (CAGR) of 7.2%. This anticipated growth during the forecast period can be linked to sustained progress in aquaculture, upsurge in nutraceuticals demand, creative replacements for protein sources, increasing hairfall issues, as well as industry regulations and certifications. Key progressing trends during this forecast period encompass technological progress in processing, nutritional requirements research, the introduction of algal-based omega-3 products, the implementation of traceability systems, and the advancements made in sustainable feed formulations.

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What Are the High-Growth Segments in the Fishmeal & Fish Oil Market?
The fishmeal & fish oil market covered in this report is segmented -

1) By Type: Steam Dried (SD), Flame Dried (FD)
2) By Source: Salmon And Trout, Marine Fish, Crustaceans, Tilapia, Carps, Other Sources
3) By Application: Aquaculture And Aquatic Feeds, Land Animal Feeds And Livestock, Agriculture And Fertilizers, Pharmaceuticals, Dietary Supplements, Other Applications

Subsegments:
1) By Steam Dried (SD): High-Protein Fishmeal, Regular Fishmeal
2) By Flame Dried (FD): High-Temperature Fishmeal, Specialty Fishmeal

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What Key Drivers Are Expected to Influence Future Fishmeal & Fish Oil Market Growth?
The rise in health awareness among individuals is forecasted to propel growth in the fish meal and fish oil industry. The term health consciousness reflects the degree to which individuals are concerned about their own health. Due to changes in lifestyle, there is a heightened awareness and worry about health among the population. Fish is renowned for its high-quality, lean protein content, along with an abundance of Omega-3 fatty acids and vitamins D and B2 (riboflavin). As a result, a balanced diet should incorporate fish at least twice a week, accelerating the demand for fish meals and fish oil. For instance, a Nutrisystem and OnePoll poll reported by SWNS, a UK-based news firm, in October 2022, found that over 70% of Americans have become more concerned about their physical health following the COVID pandemic. Therefore, the growing health awareness among individuals is fueling the expansion of the fish meal & fish oil industry.

Which Companies Hold the Largest Share Across Different Fishmeal & Fish Oil Market Segments?
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

What Trends Are Driving Growth in The Fishmeal & Fish Oil Market?
A significant trend in the fishmeal and fish oil market is the formation of strategic partnerships. Main players are forging alliances in order to harness mutual resources and maintain their market positions. An exemplification of this occurred in October 2022, when Algorithm, an American company renowned for its omega-3 solutions, teamed up with Natures Crops International, a US specialty plant oil manufacturer. This collaboration birthed two innovative omega oil blends for incorporation in supplements, foods, and beverages. These unique mixtures, named Ahiflower 80DHA and 150DHA, stand as the sole vegan sources of omegas offering the widest array of omegas possessing superb sensory characteristics. The core objective of this collaboration is to present diverse pollock fish commodities and spearhead advertising campaigns in their respective markets.

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What Are the Emerging Geographies for The Fishmeal & Fish Oil Market Growth?
Asia-Pacific was the largest region in the fishmeal and fish oil market share in 2024. The regions covered in the fishmeal & fish oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Fishmeal & Fish Oil Market?
2. What is the CAGR expected in the Fishmeal & Fish Oil Market?
3. What Are the Key Innovations Transforming the Fishmeal & Fish Oil Industry?
4. Which Region Is Leading the Fishmeal & Fish Oil Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

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Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

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