Product Code: ETC13412467 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Fishmeal & Fish Oil Market was valued at USD 12.3 Billion in 2024 and is expected to reach USD 17.9 Billion by 2031, growing at a compound annual growth rate of 4.60% during the forecast period (2025-2031).
The Global Fishmeal & Fish Oil market is a vital sector within the aquaculture and animal feed industries, driven by the increasing demand for high-protein feed ingredients. Fishmeal, derived from fish processing by-products, is a key source of protein and essential nutrients for livestock and aquaculture species. Fish oil, rich in omega-3 fatty acids, is utilized for various applications including aquafeed, pharmaceuticals, and dietary supplements. The market is influenced by factors such as fluctuating fish stocks, regulatory constraints, and growing consumer awareness of sustainable sourcing practices. Key players in the market include companies like Omega Protein Corporation, FF Skagen A/S, and Empresas Copec S.A. The industry is witnessing advancements in processing technologies and increasing focus on sustainable sourcing practices to meet the rising demand for fishmeal and fish oil globally.
The Global Fishmeal & Fish Oil Market is witnessing a growing demand due to the rising consumption of seafood products and increasing awareness about the health benefits of fish-based ingredients. Key trends in the market include the adoption of sustainable fishing practices, technological advancements in processing methods, and the development of innovative fishmeal and fish oil products targeting specific nutritional needs. Opportunities in the market lie in the expansion of aquaculture operations, particularly in the Asia-Pacific region, where the demand for fishmeal and fish oil as feed ingredients is on the rise. Additionally, the growing popularity of omega-3 fatty acids for their health benefits presents a significant opportunity for market players to diversify their product offerings and target health-conscious consumers in various industries such as food, pharmaceuticals, and cosmetics.
Some of the key challenges faced in the Global Fishmeal & Fish Oil Market include sustainability concerns due to overfishing, regulatory restrictions on fishing quotas, fluctuating fish stocks, and environmental impacts. Additionally, price volatility of fishmeal and fish oil due to supply-demand dynamics, competition from alternative protein sources, and changing consumer preferences towards plant-based diets present challenges for the industry. Ensuring responsible sourcing practices, addressing concerns related to bycatch and ecosystem damage, as well as investing in research and development to find alternative sources of omega-3 fatty acids are crucial for the long-term sustainability and growth of the fishmeal and fish oil market.
The Global Fishmeal & Fish Oil Market is primarily driven by increasing demand for aquaculture products due to growing consumer awareness about the health benefits of seafood consumption. The rise in global population and disposable income levels have led to higher consumption of fish and seafood, driving the need for fishmeal and fish oil as essential ingredients in aquafeed. Additionally, the expanding aquaculture industry, especially in developing countries, is boosting the demand for fishmeal and fish oil as key components in aquafeed formulations to support the growth and health of farmed fish and shrimp. Furthermore, the rising popularity of omega-3 fatty acids found in fish oil as a dietary supplement for human consumption is also contributing to the market growth.
Government policies related to the Global Fishmeal & Fish Oil Market vary by country and region but generally focus on sustainable fishing practices, conservation of marine resources, and regulation of fishing quotas. Many governments have implemented measures to prevent overfishing, such as setting catch limits and enforcing regulations on fishing vessels. Additionally, some countries have established certification programs to ensure the sustainability of fishmeal and fish oil production. These policies aim to protect marine ecosystems, maintain fish stocks, and promote responsible fishing practices to ensure the long-term viability of the industry. Compliance with these regulations is crucial for companies operating in the global fishmeal and fish oil market to maintain market access and credibility with consumers who are increasingly concerned about sustainable sourcing practices.
The Global Fishmeal & Fish Oil Market is expected to witness steady growth in the coming years, driven by increasing demand for aquaculture and animal feed applications. The rise in consumer awareness regarding the health benefits of omega-3 fatty acids found in fish oil is also expected to contribute to market growth. However, challenges such as overfishing, environmental concerns, and volatile fish stocks could pose a threat to market expansion. Technological advancements in sustainable fishing practices and the development of alternative protein sources could provide opportunities for market players to address these challenges. Overall, the market is projected to see growth, particularly in Asia-Pacific regions, as demand for seafood products continues to rise in emerging economies.
In the Global Fishmeal & Fish Oil Market, Asia holds a significant share due to its large fishery industry and high consumption of fish products. North America and Europe are also key regions, with strong demand driven by the growing aquaculture industry and increasing awareness about the health benefits of fishmeal and fish oil. In the Middle East and Africa, the market is expanding due to the rising demand for nutritious animal feed ingredients. Latin America is witnessing growth in fishmeal and fish oil production, supported by its abundant fishery resources. Overall, the market is expected to experience steady growth across all regions as the aquaculture industry continues to expand and consumers increasingly seek healthy and sustainable food options.
Global Fishmeal & Fish Oil Market |
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 Global Fishmeal & Fish Oil Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Fishmeal & Fish Oil Market Revenues & Volume, 2021 & 2031F |
3.3 Global Fishmeal & Fish Oil Market - Industry Life Cycle |
3.4 Global Fishmeal & Fish Oil Market - Porter's Five Forces |
3.5 Global Fishmeal & Fish Oil Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Fishmeal & Fish Oil Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Fishmeal & Fish Oil Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.8 Global Fishmeal & Fish Oil Market Revenues & Volume Share, By LivestockApplication, 2021 & 2031F |
4 Global Fishmeal & Fish Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Fishmeal & Fish Oil Market Trends |
6 Global Fishmeal & Fish Oil Market, 2021 - 2031 |
6.1 Global Fishmeal & Fish Oil Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Fishmeal & Fish Oil Market, Revenues & Volume, By Fishmeal, 2021 - 2031 |
6.1.3 Global Fishmeal & Fish Oil Market, Revenues & Volume, By Fish Oil, 2021 - 2031 |
6.2 Global Fishmeal & Fish Oil Market, Revenues & Volume, By Source, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Fishmeal & Fish Oil Market, Revenues & Volume, By Salmon & Trout, 2021 - 2031 |
6.2.3 Global Fishmeal & Fish Oil Market, Revenues & Volume, By Marine Fish, 2021 - 2031 |
6.2.4 Global Fishmeal & Fish Oil Market, Revenues & Volume, By Crustaceans, 2021 - 2031 |
6.2.5 Global Fishmeal & Fish Oil Market, Revenues & Volume, By Tilapia, 2021 - 2031 |
6.2.6 Global Fishmeal & Fish Oil Market, Revenues & Volume, By Carps, 2021 - 2031 |
6.3 Global Fishmeal & Fish Oil Market, Revenues & Volume, By LivestockApplication, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Fishmeal & Fish Oil Market, Revenues & Volume, By Aquatic Animals, 2021 - 2031 |
6.3.3 Global Fishmeal & Fish Oil Market, Revenues & Volume, By Swine, 2021 - 2031 |
6.3.4 Global Fishmeal & Fish Oil Market, Revenues & Volume, By Poultry, 2021 - 2031 |
6.3.5 Global Fishmeal & Fish Oil Market, Revenues & Volume, By Cattle, 2021 - 2031 |
6.3.6 Global Fishmeal & Fish Oil Market, Revenues & Volume, By Pets, 2021 - 2031 |
7 North America Fishmeal & Fish Oil Market, Overview & Analysis |
7.1 North America Fishmeal & Fish Oil Market Revenues & Volume, 2021 - 2031 |
7.2 North America Fishmeal & Fish Oil Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Fishmeal & Fish Oil Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Fishmeal & Fish Oil Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Fishmeal & Fish Oil Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Fishmeal & Fish Oil Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Fishmeal & Fish Oil Market, Revenues & Volume, By Source, 2021 - 2031 |
7.5 North America Fishmeal & Fish Oil Market, Revenues & Volume, By LivestockApplication, 2021 - 2031 |
8 Latin America (LATAM) Fishmeal & Fish Oil Market, Overview & Analysis |
8.1 Latin America (LATAM) Fishmeal & Fish Oil Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Fishmeal & Fish Oil Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Fishmeal & Fish Oil Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Fishmeal & Fish Oil Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Fishmeal & Fish Oil Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Fishmeal & Fish Oil Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Fishmeal & Fish Oil Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Fishmeal & Fish Oil Market, Revenues & Volume, By Source, 2021 - 2031 |
8.5 Latin America (LATAM) Fishmeal & Fish Oil Market, Revenues & Volume, By LivestockApplication, 2021 - 2031 |
9 Asia Fishmeal & Fish Oil Market, Overview & Analysis |
9.1 Asia Fishmeal & Fish Oil Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Fishmeal & Fish Oil Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Fishmeal & Fish Oil Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Fishmeal & Fish Oil Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Fishmeal & Fish Oil Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Fishmeal & Fish Oil Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Fishmeal & Fish Oil Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Fishmeal & Fish Oil Market, Revenues & Volume, By Source, 2021 - 2031 |
9.5 Asia Fishmeal & Fish Oil Market, Revenues & Volume, By LivestockApplication, 2021 - 2031 |
10 Africa Fishmeal & Fish Oil Market, Overview & Analysis |
10.1 Africa Fishmeal & Fish Oil Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Fishmeal & Fish Oil Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Fishmeal & Fish Oil Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Fishmeal & Fish Oil Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Fishmeal & Fish Oil Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Fishmeal & Fish Oil Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Fishmeal & Fish Oil Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Fishmeal & Fish Oil Market, Revenues & Volume, By Source, 2021 - 2031 |
10.5 Africa Fishmeal & Fish Oil Market, Revenues & Volume, By LivestockApplication, 2021 - 2031 |
11 Europe Fishmeal & Fish Oil Market, Overview & Analysis |
11.1 Europe Fishmeal & Fish Oil Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Fishmeal & Fish Oil Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Fishmeal & Fish Oil Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Fishmeal & Fish Oil Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Fishmeal & Fish Oil Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Fishmeal & Fish Oil Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Fishmeal & Fish Oil Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Fishmeal & Fish Oil Market, Revenues & Volume, By Source, 2021 - 2031 |
11.5 Europe Fishmeal & Fish Oil Market, Revenues & Volume, By LivestockApplication, 2021 - 2031 |
12 Middle East Fishmeal & Fish Oil Market, Overview & Analysis |
12.1 Middle East Fishmeal & Fish Oil Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Fishmeal & Fish Oil Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Fishmeal & Fish Oil Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Fishmeal & Fish Oil Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Fishmeal & Fish Oil Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Fishmeal & Fish Oil Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Fishmeal & Fish Oil Market, Revenues & Volume, By Source, 2021 - 2031 |
12.5 Middle East Fishmeal & Fish Oil Market, Revenues & Volume, By LivestockApplication, 2021 - 2031 |
13 Global Fishmeal & Fish Oil Market Key Performance Indicators |
14 Global Fishmeal & Fish Oil Market - Export/Import By Countries Assessment |
15 Global Fishmeal & Fish Oil Market - Opportunity Assessment |
15.1 Global Fishmeal & Fish Oil Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Fishmeal & Fish Oil Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Fishmeal & Fish Oil Market Opportunity Assessment, By Source, 2021 & 2031F |
15.4 Global Fishmeal & Fish Oil Market Opportunity Assessment, By LivestockApplication, 2021 & 2031F |
16 Global Fishmeal & Fish Oil Market - Competitive Landscape |
16.1 Global Fishmeal & Fish Oil Market Revenue Share, By Companies, 2024 |
16.2 Global Fishmeal & Fish Oil Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |