Driving Fishmeal Market Growth in 2025: The Role of Growing Aquaculture Industry Fueling Demand For Fishmeal Market

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Fishmeal Market Size Growth Forecast: What to Expect by 2025?
The size of the fishmeal market has seen a substantial growth in recent years. From a value of $8.88 billion in 2024, it is projected to increase to $9.38 billion in 2025, with a compound annual growth rate of 5.7%. Factors contributing to this historical growth include a surge in global demand for animal feed and aquaculture, expansion of the livestock and poultry sectors, heightened awareness of fishmeal's nutritional advantages, growth in commercial fishing and processing operations, the requirement for nutrient-dense and high-protein animal feeds, and the demand for fishmeal in specialty feed and pet food industries.

How Will the Fishmeal Market Size Evolve and Grow by 2029?
Over the forthcoming years, the fishmeal market size is set to experience robust growth. It's projected to surge to $11.89 billion by 2029, with a compound annual growth rate (CAGR) of 6.1%. This projected increase during the estimation period can be credited to the widespread use of fishmeal as an omega-3 fatty acid source in functional foods, efforts towards sustainable and responsible fishing, development research in alternate protein sources for animal feed, the necessity for nutrient-rich feeds in animal farming and husbandry, the broadening of fishmeal usage in the pharmaceutical and nutraceutical sectors, and a rising demand for organic and non-gmo certified fishmeal products. The major trends anticipated in the forecast period encompass advanced processing technologies, concentration on omega-3 fatty acids, animal feed fortification, advancements in fishmeal quality assurance, and the usage of bioactive compounds and functional additives.

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What Drivers Are Propelling the Growth of Fishmeal Market Forward?
The rise of the fishmeal market is anticipated to be driven by the expansion of the aquaculture sector. Aquaculture involves cultivating fish, shellfish, and marine flora such as algae in all types of water bodies including fresh, saline, and brackish. The aim of aquaculture is not only to produce food, but also to revive endangered species, regenerate natural stocks, and restore the habitats of aquatic creatures. Owing to the significant demand for seafood and the declining annual wild fish catch, the growth of aquaculture is expected, which will in turn boost the demand in the fishmeal market. For example, in August 2022, the Food and Agriculture Organization of the United Nations, a US-based specialized agency committed to eradicating hunger, enhancing nutrition, and improving food security globally, reported that in 2022, the total output of fisheries and aquaculture production rose to 223.2 million tons. This comprised 185.4 million tons (live weight) of aquatic animals like fish, crustaceans and mollusks such as mussels and squid and 37.8 million tons (wet weight) of algae. As a result, the growth of the aquaculture sector is pushing the demand for the fishmeal market.

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Which Emerging Trends Are Transforming the Fishmeal Market in 2025?
Fishmeal products with innovative features are becoming a significant trend in the global fishmeal market. To cater to the increasing demand for new and nutrient-dense fishmeal for animals, prominent companies in the fishmeal industry are unveiling new products. Take for example, Interpet, a company in the UK dealing with fish-keeping and aquarium maintenance, inaugurated a new fish food product for pond fish in July 2022 called Blagdon Fit & Wild Pond Sticks under the Blagdon brand. This product uses insects and tiny crustaceans instead of fishmeal and contains protein sources like mealworm meal, daphnia, bloodworms, and black soldier fly larvae, which resemble what fish would naturally eat in the wild. The objective behind this product is to offer fish the best and most natural diet to maintain their health and fitness.

What Are the Key Segments in the Fishmeal Market?
The fishmealmarket covered in this report is segmented -
1) By Livestock: Ruminants, Poultry, Swine, Aquatic Animals, Other Livestock
2) By Source: Salmon and Trout, Marine Fish, Carps, Crustaceans, Tilapia, Other Sources
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 Other Shellfish
5) By Other Livestock: Goats, Sheep, Horses

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Who Are the Key Players Shaping the Fishmeal Market's Competitive Landscape?
Major companies operating in the fishmeal market include 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 S.A.C., Croda International PLC, TASA Pvt. Ltd., Corpesca SA, Colpex International S.A., Triplenine Group A/S, Pescanova SA, Pilmifresh S.A.

What Geographic Markets Are Powering Growth in the Fishmeal Market?
Asia-Pacific was the largest region in the fishmeal market in 2024. The regions covered in the fishmeal market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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