Product Code: ETC13315519 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Fishmeal Market was valued at USD 10.7 Billion in 2024 and is expected to reach USD 14.8 Billion by 2031, growing at a compound annual growth rate of 5.31% during the forecast period (2025-2031).
The global fishmeal market is experiencing steady growth driven by increasing demand for high-protein animal feed, particularly in the aquaculture industry. Fishmeal, a valuable source of protein and essential nutrients, is derived from fish processing by-products and plays a crucial role in enhancing the growth and health of livestock and aquaculture species. Factors such as the rising consumption of seafood, expansion of the aquaculture sector, and growing awareness about the benefits of fishmeal in animal nutrition are fueling market growth. Key market players are focusing on sustainable sourcing practices and innovative production technologies to meet the rising demand while adhering to environmental regulations. Geographically, Asia-Pacific dominates the fishmeal market, followed by Europe and North America, with emerging economies like China and India driving significant growth.
The global fishmeal market is experiencing several key trends and opportunities. Growing consumer awareness about the health benefits of fishmeal-based products, such as omega-3 fatty acids, is driving market growth. Additionally, the increasing demand for aquaculture feed due to the rising consumption of seafood is boosting the demand for fishmeal as a key ingredient. Sustainable sourcing practices and certifications, such as MSC (Marine Stewardship Council), are becoming more important in the market, providing opportunities for companies to differentiate themselves and cater to environmentally conscious consumers. Furthermore, technological advancements in fishmeal production processes are improving efficiency and quality, enhancing the overall market competitiveness. Overall, the global fishmeal market is poised for growth driven by health-conscious consumers, the expanding aquaculture industry, sustainability initiatives, and technological innovations.
The Global Fishmeal Market faces several challenges, including overfishing leading to declining fish stocks, sustainability concerns, price volatility due to fluctuations in fish catches, competition from alternative protein sources, and regulatory issues related to fishing practices and environmental impacts. Additionally, the unpredictable nature of fish populations and environmental factors, such as climate change and pollution, pose significant challenges to the stability and growth of the fishmeal market. Addressing these challenges requires sustainable fishing practices, innovative technologies for fishmeal production, diversification of protein sources, and stringent regulations to ensure the long-term viability of the industry while minimizing its environmental footprint.
The Global Fishmeal Market is primarily driven by the increasing demand for high-protein animal feed in the aquaculture industry due to the rising consumption of seafood worldwide. Fishmeal is a valuable source of essential nutrients for fish and livestock, contributing to their growth and overall health. Additionally, the growth of the aquaculture sector, particularly in developing countries, is fueling the demand for fishmeal as a key ingredient in aquafeed formulations. Moreover, the rising awareness among consumers about the nutritional benefits of seafood products is further boosting the market for fishmeal. However, environmental concerns surrounding overfishing and sustainability issues in the fishing industry are key challenges that could potentially impact the growth of the global fishmeal market in the future.
Government policies related to the global fishmeal market vary across countries but generally focus on sustainability and regulation of fishing practices. Many countries have implemented quotas and regulations to prevent overfishing and protect fish stocks. Additionally, environmental protection measures such as marine protected areas and restrictions on fishing gear are common strategies to ensure the long-term viability of the fishmeal industry. Some governments also provide subsidies or support for the aquaculture industry to promote sustainable fishmeal production. International agreements and organizations, such as the Food and Agriculture Organization (FAO) and the Marine Stewardship Council (MSC), play a key role in setting standards and guidelines for the global fishmeal market to ensure responsible and sustainable practices are followed.
The future outlook for the Global Fishmeal Market appears promising, driven by the increasing demand for high-protein animal feed in the aquaculture and livestock industries. With the growing global population and rising consumer preference for seafood products, the need for sustainable protein sources like fishmeal is expected to rise. However, challenges such as overfishing, environmental concerns, and regulatory issues may impact the market`s growth. Technological advancements in fishmeal production processes, along with a focus on sustainable fishing practices and alternative protein sources, are likely to shape the market`s future trajectory. Overall, the market is anticipated to witness steady growth as key players innovate to meet the evolving demands of the industry while addressing sustainability concerns.
In the global fishmeal market, Asia accounts for the largest share due to the significant presence of major fishmeal-producing countries such as China, Peru, and Chile. North America and Europe also hold substantial market share, driven by high demand for fishmeal in aquaculture and animal feed industries. The Middle East and Africa region is experiencing steady growth in the fishmeal market, particularly in countries like Egypt and South Africa, as aquaculture production expands. Latin America, particularly countries like Ecuador and Argentina, is emerging as a key player in the fishmeal market due to its abundant fish resources and growing aquaculture industry. Overall, the global fishmeal market is witnessing dynamic growth across all regions, with increasing demand for high-quality protein sources in animal feed driving market expansion.
Global Fishmeal 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 Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Fishmeal Market Revenues & Volume, 2021 & 2031F |
3.3 Global Fishmeal Market - Industry Life Cycle |
3.4 Global Fishmeal Market - Porter's Five Forces |
3.5 Global Fishmeal Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Fishmeal Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Fishmeal Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.8 Global Fishmeal Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Fishmeal Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Fishmeal Market Trends |
6 Global Fishmeal Market, 2021 - 2031 |
6.1 Global Fishmeal Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Fishmeal Market, Revenues & Volume, By Fishmeal for Animal Feed, 2021 - 2031 |
6.1.3 Global Fishmeal Market, Revenues & Volume, By Fishmeal for Aquaculture, 2021 - 2031 |
6.1.4 Global Fishmeal Market, Revenues & Volume, By Fishmeal for Pet Food, 2021 - 2031 |
6.2 Global Fishmeal Market, Revenues & Volume, By Source, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Fishmeal Market, Revenues & Volume, By Fish Species, 2021 - 2031 |
6.2.3 Global Fishmeal Market, Revenues & Volume, By Bycatch Species, 2021 - 2031 |
6.3 Global Fishmeal Market, Revenues & Volume, By Application, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Fishmeal Market, Revenues & Volume, By Aquaculture, 2021 - 2031 |
6.3.3 Global Fishmeal Market, Revenues & Volume, By Livestock Feed, 2021 - 2031 |
6.3.4 Global Fishmeal Market, Revenues & Volume, By Pet Food, 2021 - 2031 |
6.3.5 Global Fishmeal Market, Revenues & Volume, By Fertilizers, 2021 - 2031 |
7 North America Fishmeal Market, Overview & Analysis |
7.1 North America Fishmeal Market Revenues & Volume, 2021 - 2031 |
7.2 North America Fishmeal Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Fishmeal Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Fishmeal Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Fishmeal Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Fishmeal Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Fishmeal Market, Revenues & Volume, By Source, 2021 - 2031 |
7.5 North America Fishmeal Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Fishmeal Market, Overview & Analysis |
8.1 Latin America (LATAM) Fishmeal Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Fishmeal Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Fishmeal Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Fishmeal Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Fishmeal Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Fishmeal Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Fishmeal Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Fishmeal Market, Revenues & Volume, By Source, 2021 - 2031 |
8.5 Latin America (LATAM) Fishmeal Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Fishmeal Market, Overview & Analysis |
9.1 Asia Fishmeal Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Fishmeal Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Fishmeal Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Fishmeal Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Fishmeal Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Fishmeal Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Fishmeal Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Fishmeal Market, Revenues & Volume, By Source, 2021 - 2031 |
9.5 Asia Fishmeal Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Fishmeal Market, Overview & Analysis |
10.1 Africa Fishmeal Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Fishmeal Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Fishmeal Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Fishmeal Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Fishmeal Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Fishmeal Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Fishmeal Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Fishmeal Market, Revenues & Volume, By Source, 2021 - 2031 |
10.5 Africa Fishmeal Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Fishmeal Market, Overview & Analysis |
11.1 Europe Fishmeal Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Fishmeal Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Fishmeal Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Fishmeal Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Fishmeal Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Fishmeal Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Fishmeal Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Fishmeal Market, Revenues & Volume, By Source, 2021 - 2031 |
11.5 Europe Fishmeal Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Fishmeal Market, Overview & Analysis |
12.1 Middle East Fishmeal Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Fishmeal Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Fishmeal Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Fishmeal Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Fishmeal Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Fishmeal Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Fishmeal Market, Revenues & Volume, By Source, 2021 - 2031 |
12.5 Middle East Fishmeal Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Fishmeal Market Key Performance Indicators |
14 Global Fishmeal Market - Export/Import By Countries Assessment |
15 Global Fishmeal Market - Opportunity Assessment |
15.1 Global Fishmeal Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Fishmeal Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Fishmeal Market Opportunity Assessment, By Source, 2021 & 2031F |
15.4 Global Fishmeal Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Fishmeal Market - Competitive Landscape |
16.1 Global Fishmeal Market Revenue Share, By Companies, 2024 |
16.2 Global Fishmeal Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |