| Product Code: ETC4594765 | Publication Date: Jul 2023 | Updated Date: Oct 2025 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
In 2024, India`s fishmeal and fish oil import shipments continued to see a significant concentration of imports from top countries like Norway, India, Thailand, Oman, and Malta. The Herfindahl-Hirschman Index (HHI) indicated high concentration levels, reflecting the dominance of these key exporting nations. Despite a notable decline in the compound annual growth rate (CAGR) from 2020 to 2024 at -23.23%, there was a promising uptick in the growth rate from 2023 to 2024, reaching 35.03%. This suggests a potential rebound in the market and a shifting landscape for fishmeal and fish oil imports in India.
Fishmeal and fish oil are valuable resources in aquaculture and animal feed production. The market reflects the need for high-quality protein sources in animal and fish diets, making it a significant sector within the broader aquaculture and livestock industries.
The India fishmeal and fish oil market is primarily driven by the expansion of the aquaculture and poultry industries. Both sectors extensively use fishmeal and fish oil as essential ingredients in animal feed. The growing awareness of the nutritional benefits of fish-based feed in animal husbandry has driven market demand. Furthermore, the rising disposable income and changing dietary preferences of the India population have increased the consumption of fish and poultry products, thereby increasing the demand for fishmeal and fish oil. Concerns regarding overfishing and environmental sustainability are also prompting the exploration of alternative sources of fishmeal and fish oil, such as by-products of fish processing and aquaculture waste.
The India fishmeal and fish oil market faces challenges related to overfishing and environmental sustainability. Managing fish stocks and ensuring responsible sourcing of fishmeal and fish oil are vital for long-term sustainability.
The India Fishmeal and Fish Oil market encountered challenges during the COVID-19 pandemic, as the closure of restaurants and hospitality establishments reduced demand for seafood products. This, in turn, affected the demand for fishmeal and fish oil in aquaculture feeds. The market had to find alternative channels for selling its products, including online retail and exports. As the food industry gradually recovered, the market began to regain its momentum, especially with increasing health consciousness among consumers.
Notable companies involved in the fishmeal and fish oil market in India are Maruti Group, Sohar Port and Freezone, Liberty Oil Mills Ltd, Hayel Saeed Anam Group, and Omega Protein Corporation.
| 1 Executive Summary | 
| 2 Introduction | 
| 2.1 Key Highlights of the Report | 
| 2.2 Report Description | 
| 2.3 Market Scope & Segmentation | 
| 2.4 Research Methodology | 
| 2.5 Assumptions | 
| 3 India Fishmeal & Fish Oil Market Overview | 
| 3.1 India Country Macro Economic Indicators | 
| 3.2 India Fishmeal & Fish Oil Market Revenues & Volume, 2021 & 2031F | 
| 3.3 India Fishmeal & Fish Oil Market - Industry Life Cycle | 
| 3.4 India Fishmeal & Fish Oil Market - Porter's Five Forces | 
| 3.5 India Fishmeal & Fish Oil Market Revenues & Volume Share, By Type, 2021 & 2031F | 
| 3.6 India Fishmeal & Fish Oil Market Revenues & Volume Share, By Source, 2021 & 2031F | 
| 3.7 India Fishmeal & Fish Oil Market Revenues & Volume Share, By LivestockApplication, 2021 & 2031F | 
| 4 India Fishmeal & Fish Oil Market Dynamics | 
| 4.1 Impact Analysis | 
| 4.2 Market Drivers | 
| 4.2.1 Growing demand for fishmeal and fish oil in aquaculture industry | 
| 4.2.2 Increasing awareness about the benefits of fish-based products in animal feed | 
| 4.2.3 Rising disposable income leading to higher consumption of seafood products in India | 
| 4.3 Market Restraints | 
| 4.3.1 Fluctuating raw material prices impacting production costs | 
| 4.3.2 Stringent government regulations related to fishing quotas and environmental sustainability | 
| 5 India Fishmeal & Fish Oil Market Trends | 
| 6 India Fishmeal & Fish Oil Market, By Types | 
| 6.1 India Fishmeal & Fish Oil Market, By Type | 
| 6.1.1 Overview and Analysis | 
| 6.1.2 India Fishmeal & Fish Oil Market Revenues & Volume, By Type, 2021-2031F | 
| 6.1.3 India Fishmeal & Fish Oil Market Revenues & Volume, By Fishmeal, 2021-2031F | 
| 6.1.4 India Fishmeal & Fish Oil Market Revenues & Volume, By Fish Oil, 2021-2031F | 
| 6.2 India Fishmeal & Fish Oil Market, By Source | 
| 6.2.1 Overview and Analysis | 
| 6.2.2 India Fishmeal & Fish Oil Market Revenues & Volume, By Salmon & Trout, 2021-2031F | 
| 6.2.3 India Fishmeal & Fish Oil Market Revenues & Volume, By Marine Fish, 2021-2031F | 
| 6.2.4 India Fishmeal & Fish Oil Market Revenues & Volume, By Crustaceans, 2021-2031F | 
| 6.2.5 India Fishmeal & Fish Oil Market Revenues & Volume, By Tilapia, 2021-2031F | 
| 6.2.6 India Fishmeal & Fish Oil Market Revenues & Volume, By Carps, 2021-2031F | 
| 6.3 India Fishmeal & Fish Oil Market, By LivestockApplication | 
| 6.3.1 Overview and Analysis | 
| 6.3.2 India Fishmeal & Fish Oil Market Revenues & Volume, By Aquatic Animals, 2021-2031F | 
| 6.3.3 India Fishmeal & Fish Oil Market Revenues & Volume, By Swine, 2021-2031F | 
| 6.3.4 India Fishmeal & Fish Oil Market Revenues & Volume, By Poultry, 2021-2031F | 
| 6.3.5 India Fishmeal & Fish Oil Market Revenues & Volume, By Cattle, 2021-2031F | 
| 6.3.6 India Fishmeal & Fish Oil Market Revenues & Volume, By Pets, 2021-2031F | 
| 7 India Fishmeal & Fish Oil Market Import-Export Trade Statistics | 
| 7.1 India Fishmeal & Fish Oil Market Export to Major Countries | 
| 7.2 India Fishmeal & Fish Oil Market Imports from Major Countries | 
| 8 India Fishmeal & Fish Oil Market Key Performance Indicators | 
| 8.1 Average selling price of fishmeal and fish oil | 
| 8.2 Production capacity utilization rate of fishmeal and fish oil manufacturers | 
| 8.3 Percentage of aquaculture farms using fishmeal and fish oil in their feed formulation | 
| 9 India Fishmeal & Fish Oil Market - Opportunity Assessment | 
| 9.1 India Fishmeal & Fish Oil Market Opportunity Assessment, By Type, 2021 & 2031F | 
| 9.2 India Fishmeal & Fish Oil Market Opportunity Assessment, By Source, 2021 & 2031F | 
| 9.3 India Fishmeal & Fish Oil Market Opportunity Assessment, By LivestockApplication, 2021 & 2031F | 
| 10 India Fishmeal & Fish Oil Market - Competitive Landscape | 
| 10.1 India Fishmeal & Fish Oil Market Revenue Share, By Companies, 2024 | 
| 10.2 India Fishmeal & Fish Oil Market Competitive Benchmarking, By Operating and Technical Parameters | 
| 11 Company Profiles | 
| 12 Recommendations | 
| 13 Disclaimer |