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

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: ETC4594766 Publication Date: Jul 2023 Updated Date: Sep 2025 Product Type: Report
Publisher: 6Wresearch No. of Pages: 85 No. of Figures: 45 No. of Tables: 25

Thailand Fishmeal Fish Oil Market Synopsis

The Fishmeal and Fish Oil Market is vital for the aquaculture and animal feed sectors, providing a source of high-quality protein and essential nutrients. This market supports the growth of the aquaculture and livestock industries.

Drivers of the Market

The Thailand Fishmeal Fish Oil market is witnessing substantial growth, driven by the country thriving aquaculture industry and the demand for quality feed ingredients. Fishmeal and fish oil are essential components in aquafeed formulations, providing proteins, omega-3 fatty acids, and essential nutrients for fish and shrimp growth. As Thailand seeks to sustain and expand its aquaculture production, the demand for fishmeal and fish oil is increasing. The market growth is further propelled by advancements in fishmeal production technologies, the adoption of sustainable sourcing practices, and efforts to enhance the nutritional value of aquafeeds.

Challenges of the Market

The fishmeal and fish oil market in Thailand faces challenges that impact its role in the aquaculture and animal feed industries. One key challenge is the sustainability of sourcing raw materials, particularly the overexploitation of fish stocks for fishmeal and fish oil production. This raises environmental concerns and necessitates the development of alternative and sustainable protein and oil sources. Additionally, fluctuations in fishmeal and fish oil prices, driven by factors such as climate variability and global market dynamics, pose challenges for both producers and end-users. To address these challenges, the market needs to transition towards more sustainable sourcing practices, invest in alternative protein sources, and establish mechanisms to mitigate price volatility.

COVID-19 Impact on the Market

The Thailand Fishmeal Fish Oil Market has experienced the impact of COVID-19 on the seafood industry. Disruptions in fishing activities and processing facilities have affected the production of fishmeal and fish oil. The market is anticipated to recover as the aquaculture sector rebounds, driving demand for essential feed ingredients in a post-pandemic landscape.

Key Players in the Market

The Thailand Fishmeal Fish Oil Market is a crucial segment within the aquaculture industry, and key players such as Thai Union Group, Pacific Andes Group, and Trimarine International are instrumental in its development. Thai Union Group, a major player in the market, contributes significantly to the production and distribution of fishmeal and fish oil. With a focus on sustainable sourcing and processing, Thai Union Group plays a key role in supporting the growth of the aquaculture sector in Thailand and ensuring the availability of high-quality feed ingredients.

Key Highlights of the Report:

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

What is the projected direction for the Thailand fishmeal & fish oil market?

The Thailand fishmeal & fish oil market is expected to witness steady growth in the coming years, driven by increasing demand for aquafeed products from key players like Thai Union Group and Charoen Pokphand Foods. Additionally, advancements in fishmeal processing technologies and sustainable fishing practices are likely to shape the market's future trajectory.
In recent years, there has been a noticeable shift towards sustainable sourcing and production methods in the Thailand fishmeal & fish oil market. Companies like Thai Union Group have been investing in responsible fishing practices and certifications like the Marine Stewardship Council (MSC) to meet the growing consumer demand for ethically sourced marine ingredients.
The long-term outlook for the Thailand fishmeal & fish oil market appears promising due to increasing demand from aquaculture companies like Charoen Pokphand Foods (CPF) and Thai Union Group, who rely on these products as essential ingredients for fish feed production. Additionally, advancements in sustainable fishing practices and the adoption of innovative extraction technologies by key players such as Thai Fishsauce Factory (Squid Brand) are likely to drive growth in the market over the coming years.
In recent years, the Thailand fishmeal & fish oil market has seen a rise in demand due to the increasing adoption of aquaculture practices. This trend presents opportunities for companies like Thai Union Group, a leading seafood producer, to expand their operations and invest in sustainable sourcing practices for fishmeal and fish oil production. Additionally, advancements in technology, such as the use of fish processing by-products for value-added products, offer new avenues for innovation and investment in the market.
The Thailand fishmeal & fish oil market is primarily driven by the increasing demand for high-quality protein sources in the aquafeed industry, as companies like Thai Union Group and Charoen Pokphand Foods aim to enhance the nutritional content of their fish feeds. However, challenges such as fluctuating raw material prices and environmental concerns regarding overfishing pose significant hurdles. Additionally, the market dynamics are influenced by government regulations on sustainable fishing practices and the adoption of advanced processing technologies by players like Thai Fishmeal Producers Association to ensure product quality and safety.
6Wresearch actively monitors the Thailand 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 Thailand 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 Thailand Fishmeal & Fish Oil Market Overview

3.1 Thailand Country Macro Economic Indicators

3.2 Thailand Fishmeal & Fish Oil Market Revenues & Volume, 2021 & 2031F

3.3 Thailand Fishmeal & Fish Oil Market - Industry Life Cycle

3.4 Thailand Fishmeal & Fish Oil Market - Porter's Five Forces

3.5 Thailand Fishmeal & Fish Oil Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Thailand Fishmeal & Fish Oil Market Revenues & Volume Share, By Source, 2021 & 2031F

3.7 Thailand Fishmeal & Fish Oil Market Revenues & Volume Share, By LivestockApplication, 2021 & 2031F

4 Thailand Fishmeal & Fish Oil Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Growing demand for aquafeed in the aquaculture industry

4.2.2 Increasing awareness about the nutritional benefits of fishmeal and fish oil

4.2.3 Rise in disposable income leading to higher consumption of seafood products

4.3 Market Restraints

4.3.1 Fluctuating prices of raw materials such as fish and other marine resources

4.3.2 Environmental concerns related to overfishing and sustainability of fish stocks

5 Thailand Fishmeal & Fish Oil Market Trends

6 Thailand Fishmeal & Fish Oil Market, By Types

6.1 Thailand Fishmeal & Fish Oil Market, By Type

6.1.1 Overview and Analysis

6.1.2 Thailand Fishmeal & Fish Oil Market Revenues & Volume, By Type, 2021-2031F

6.1.3 Thailand Fishmeal & Fish Oil Market Revenues & Volume, By Fishmeal, 2021-2031F

6.1.4 Thailand Fishmeal & Fish Oil Market Revenues & Volume, By Fish Oil, 2021-2031F

6.2 Thailand Fishmeal & Fish Oil Market, By Source

6.2.1 Overview and Analysis

6.2.2 Thailand Fishmeal & Fish Oil Market Revenues & Volume, By Salmon & Trout, 2021-2031F

6.2.3 Thailand Fishmeal & Fish Oil Market Revenues & Volume, By Marine Fish, 2021-2031F

6.2.4 Thailand Fishmeal & Fish Oil Market Revenues & Volume, By Crustaceans, 2021-2031F

6.2.5 Thailand Fishmeal & Fish Oil Market Revenues & Volume, By Tilapia, 2021-2031F

6.2.6 Thailand Fishmeal & Fish Oil Market Revenues & Volume, By Carps, 2021-2031F

6.3 Thailand Fishmeal & Fish Oil Market, By LivestockApplication

6.3.1 Overview and Analysis

6.3.2 Thailand Fishmeal & Fish Oil Market Revenues & Volume, By Aquatic Animals, 2021-2031F

6.3.3 Thailand Fishmeal & Fish Oil Market Revenues & Volume, By Swine, 2021-2031F

6.3.4 Thailand Fishmeal & Fish Oil Market Revenues & Volume, By Poultry, 2021-2031F

6.3.5 Thailand Fishmeal & Fish Oil Market Revenues & Volume, By Cattle, 2021-2031F

6.3.6 Thailand Fishmeal & Fish Oil Market Revenues & Volume, By Pets, 2021-2031F

7 Thailand Fishmeal & Fish Oil Market Import-Export Trade Statistics

7.1 Thailand Fishmeal & Fish Oil Market Export to Major Countries

7.2 Thailand Fishmeal & Fish Oil Market Imports from Major Countries

8 Thailand Fishmeal & Fish Oil Market Key Performance Indicators

8.1 Percentage of fishmeal and fish oil used in aquafeed production

8.2 Price trends of key raw materials used in fishmeal and fish oil production

8.3 Number of aquaculture farms using fishmeal and fish oil in their feed formulations

9 Thailand Fishmeal & Fish Oil Market - Opportunity Assessment

9.1 Thailand Fishmeal & Fish Oil Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Thailand Fishmeal & Fish Oil Market Opportunity Assessment, By Source, 2021 & 2031F

9.3 Thailand Fishmeal & Fish Oil Market Opportunity Assessment, By LivestockApplication, 2021 & 2031F

10 Thailand Fishmeal & Fish Oil Market - Competitive Landscape

10.1 Thailand Fishmeal & Fish Oil Market Revenue Share, By Companies, 2024

10.2 Thailand Fishmeal & Fish Oil Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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