India Fishmeal & Fish Oil Market (2025-2031) Outlook | Industry, Value, Share, Trends, Size, Companies, Revenue, Forecast, Analysis, Growth

Market Forecast By Type (Fishmeal, Fish Oil), By Source (Salmon & Trout, Marine Fish, Crustaceans, Tilapia, Carps), By LivestockApplication (Aquatic Animals, Swine, Poultry, Cattle, Pets) And Competitive Landscape
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

India Fishmeal & Fish Oil Market Top 5 Importing Countries and Market Competition (HHI) Analysis

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.

India Fishmeal Fish Oil Market Overview

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.

Drivers of the Market

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.

Challenges of the Market

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.

COVID-19 Impact on the Market

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.

Key Players in the Market

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.

Key Highlights of the Report:

  • India Fishmeal & Fish Oil Market Outlook
  • Market Size of India Fishmeal & Fish Oil Market, 2024
  • Forecast of India Fishmeal & Fish Oil Market, 2031
  • Historical Data and Forecast of India Fishmeal & Fish Oil Revenues & Volume for the Period 2021-2031
  • India Fishmeal & Fish Oil Market Trend Evolution
  • India Fishmeal & Fish Oil Market Drivers and Challenges
  • India Fishmeal & Fish Oil Price Trends
  • India Fishmeal & Fish Oil Porter's Five Forces
  • India Fishmeal & Fish Oil Industry Life Cycle
  • Historical Data and Forecast of India Fishmeal & Fish Oil Market Revenues & Volume By Type for the Period 2021-2031
  • Historical Data and Forecast of India Fishmeal & Fish Oil Market Revenues & Volume By Fishmeal for the Period 2021-2031
  • Historical Data and Forecast of India Fishmeal & Fish Oil Market Revenues & Volume By Fish Oil for the Period 2021-2031
  • Historical Data and Forecast of India Fishmeal & Fish Oil Market Revenues & Volume By Source for the Period 2021-2031
  • Historical Data and Forecast of India Fishmeal & Fish Oil Market Revenues & Volume By Salmon & Trout for the Period 2021-2031
  • Historical Data and Forecast of India Fishmeal & Fish Oil Market Revenues & Volume By Marine Fish for the Period 2021-2031
  • Historical Data and Forecast of India Fishmeal & Fish Oil Market Revenues & Volume By Crustaceans for the Period 2021-2031
  • Historical Data and Forecast of India Fishmeal & Fish Oil Market Revenues & Volume By Tilapia for the Period 2021-2031
  • Historical Data and Forecast of India Fishmeal & Fish Oil Market Revenues & Volume By Carps for the Period 2021-2031
  • Historical Data and Forecast of India Fishmeal & Fish Oil Market Revenues & Volume By LivestockApplication for the Period 2021-2031
  • Historical Data and Forecast of India Fishmeal & Fish Oil Market Revenues & Volume By Aquatic Animals for the Period 2021-2031
  • Historical Data and Forecast of India Fishmeal & Fish Oil Market Revenues & Volume By Swine for the Period 2021-2031
  • Historical Data and Forecast of India Fishmeal & Fish Oil Market Revenues & Volume By Poultry for the Period 2021-2031
  • Historical Data and Forecast of India Fishmeal & Fish Oil Market Revenues & Volume By Cattle for the Period 2021-2031
  • Historical Data and Forecast of India Fishmeal & Fish Oil Market Revenues & Volume By Pets for the Period 2021-2031
  • India Fishmeal & Fish Oil Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Source
  • Market Opportunity Assessment By LivestockApplication
  • India Fishmeal & Fish Oil Top Companies Market Share
  • India Fishmeal & Fish Oil Competitive Benchmarking By Technical and Operational Parameters
  • India Fishmeal & Fish Oil Company Profiles
  • India Fishmeal & Fish Oil Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the India Fishmeal & Fish Oil Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India Fishmeal & Fish Oil Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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

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