Fishmeal and Fish Oil Market Size to Reach USD 12.53 Billion by 2030, Driven by Aquaculture Expansion, Omega-3 Demand, and Sustainability Trends

Introduction to the Fishmeal and Fish Oil Market

The global fishmeal and fish oil market size stood at USD 9.5 billion in 2025 and is expected to reach USD 12.53 billion by 2030, recording a steady CAGR of 5.7% during the forecast period. Growth is driven by rising aquaculture demand, the shift toward high-protein animal feed, and increasing consumer preference for EPA/DHA omega-3 fatty acids in human nutrition. The fishmeal and fish oil market continue to play a crucial role in feed formulations, functional foods, and nutraceuticals, despite challenges from climate events and tightening fishing quotas.

According to the latest fishmeal and fish oil market analysis by Mordor Intelligence, the supply chain is heavily influenced by anchovy fisheries in South America, while demand remains concentrated in Asia-Pacific's aquaculture hubs. Sustainability certifications, by-product utilization, and investments in processing technology are reshaping competitive strategies.

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Key Trends in the Fishmeal and Fish Oil Market

1. Expanding Aquaculture and High-Protein Feed Demand

Aquaculture is the backbone of the fishmeal and fish oil market, with intensive farming of salmon, trout, shrimp, and carp requiring highly digestible proteins. Fishmeal's superior amino acid profile makes it irreplaceable in early growth diets and premium aquafeeds. Demand for 45-50% protein formulations in offshore cages and recirculating systems is increasing, boosting reliance on marine-based proteins despite the emergence of insect meals and plant-based alternatives.

2. Growth of Functional Foods Enriched with Omega-3s

Consumers worldwide are increasingly seeking functional foods fortified with omega-3 fatty acids, particularly EPA and DHA. Fish oil, with its superior bioavailability compared to plant-derived alternatives, is favored in supplements, infant formula, and fortified beverages. Pharmaceutical-grade fish oil maintains resilience in pricing due to strict quality requirements, creating new growth avenues beyond animal feed.

3. Rising Adoption of By-Product Rendering and Waste Valorization

Circular-economy incentives in Europe and North America are driving the conversion of seafood trimmings into fishmeal and fish oil. This approach reduces reliance on whole fish catches while helping processors cut disposal costs and meet sustainability mandates. By-product valorization is particularly relevant for integrated seafood companies, allowing them to expand raw material sources while strengthening environmental credentials.

4. Supply-Side Volatility Linked to Climate Events

El Niño weather patterns and other climatic shifts remain a major disruptor of raw fish supply. Anchovy biomass fluctuations in Peru and Chile account for a significant portion of global fishmeal production. Sudden drops in landings create sharp price movements, forcing feed producers to diversify inputs with insect proteins, soy concentrates, or microbial meals to reduce risk.

5. Regulatory and Quota Pressures

Governments are implementing precautionary fishing quotas to preserve marine ecosystems. Lower allowable catches in small pelagic fisheries create raw material scarcity, pushing up costs and accelerating industry consolidation. This trend highlights the importance of sustainability certifications and alternative feed sources for long-term resilience.

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Market Segmentation in the Fishmeal and Fish Oil Market

By Species Type

- Salmon and Trout
- Crustaceans
- Marine Fish
- Carps
- Tilapias
- Others

By Application

- Aquatic Animals
- Poultry
- Swine
- Pets
- Others

By Geography

- Asia-Pacific
- South America
- Europe
- North America
- Middle East and Africa

Key Players in the Fishmeal and Fish Oil Market

The fishmeal and fish oil market report identifies a moderately concentrated competitive landscape. Leading players are strengthening their positions through vertical integration, sustainability certification, and geographic diversification.

Major companies include:

- Omega Protein Corporation (Cooke Inc.)
-Pelagia AS (Austevoll Seafood ASA / Kvefi AS)
- Oceana Group Limited
- Croda International Plc
- The Scoular Company

These companies are investing in automated rendering lines, R&D for enzymatic hydrolysis, and diversification into alternative proteins. Partnerships with biotechnology firms exploring algae, single-cell proteins, and insect meals reflect the industry's strategy to balance traditional marine inputs with sustainable alternatives.

Recent developments include BioMar's acquisition of a Norwegian aquaculture research center to enhance feed innovation, and Marine Biologics' launch of programmable biomass technology aimed at supplementing traditional fish oil applications.

Conclusion

The fishmeal and fish oil market remain integral to both aquaculture and human nutrition industries. Despite challenges from climate-driven supply fluctuations and tightening fishing quotas, demand continues to grow, supported by aquafeed formulations, functional foods, and pharmaceuticals. Expanding aquaculture, consumer demand for omega-3-enriched diets, and circular-economy policies will further support the market's growth trajectory through 2030.

According to the fishmeal and fish oil market analysis, sustainability practices, supply diversification, and vertical integration will define competitive advantage. The ability of market leaders to balance traditional raw fish inputs with innovative alternatives will determine long-term resilience. With a projected CAGR of 5.7% and rising demand across multiple applications, the fishmeal and fish oil market size is expected to strengthen its role as a critical pillar in global food and nutrition systems.

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