philippines fishmeal and fishoil market Synopsis
The Philippines fishmeal and fish oil market is estimated to be worth around US$513. 3 million in 2025, with a projected growth rate of 8. 8% by the estimated years This is driven by the rise in demand for these products from aquaculture, animal feed production, pharmaceuticals, as well as human consumption throughout the country. The Philippines exported over US$170 million worth of fish meal and fish oil in 2025 alone according to figures from the Philippine Fisheries Development Authority (PFDA). Major export destinations include Taiwan, Singapore, Vietnam, Thailand and Japan amongst others.
Drivers of the Market
The Philippines fishmeal and fish oil market experience growth due to the country`s significant fisheries sector. Fishmeal and fish oil are vital components in animal feeds, aquaculture, and pet food due to their rich source of proteins, omega-3 fatty acids, and other nutrients. As aquaculture and livestock industries expand, the demand for these products rises, leading to a driving force in the fishmeal and fish oil market.
Challenges of the Market
The fishmeal and fish oil market in the Philippines is significant, but it grapples with concerns about overfishing, responsible sourcing, and environmental impacts. Managing these challenges is crucial for the long-term sustainability of this market.
COVID-19 Impact on the Market
The Philippines` fishmeal and fish oil market, integral to the aquaculture and livestock sectors, faced multifaceted challenges due to the COVID-19 pandemic. Disruptions in the seafood supply chain, closure of restaurants, and reduced export opportunities impacted the demand for fishmeal and fish oil. Aquaculture operations were also affected by labor shortages and logistics issues. However, the market demonstrated resilience as fish remains a crucial protein source. Industry players diversified their products and explored new markets while addressing concerns about overfishing and sustainability. As global trade stabilizes and the food industry recovers, the fishmeal and fish oil market is expected to adapt and regain its momentum.
Key Players in the Market
Allied Botanical Corporation, Cargill Philippines Inc., San Miguel Foods Inc., and Feedmix Specialist Inc.
Key Highlights of the Report:
- Philippines Fishmeal And Fishoil Market Outlook
- Market Size of Philippines Fishmeal And Fishoil Market, 2024
- Forecast of Philippines Fishmeal And Fishoil Market, 2031
- Historical Data and Forecast of Philippines Fishmeal And Fishoil Revenues & Volume for the Period 2021-2031
- Philippines Fishmeal And Fishoil Market Trend Evolution
- Philippines Fishmeal And Fishoil Market Drivers and Challenges
- Philippines Fishmeal And Fishoil Price Trends
- Philippines Fishmeal And Fishoil Porter's Five Forces
- Philippines Fishmeal And Fishoil Industry Life Cycle
- Historical Data and Forecast of Philippines Fishmeal And Fishoil Market Revenues & Volume By Species Type for the Period 2021-2031
- Historical Data and Forecast of Philippines Fishmeal And Fishoil Market Revenues & Volume By Salmon & trout for the Period 2021-2031
- Historical Data and Forecast of Philippines Fishmeal And Fishoil Market Revenues & Volume By Crustaceans for the Period 2021-2031
- Historical Data and Forecast of Philippines Fishmeal And Fishoil Market Revenues & Volume By Marine fish for the Period 2021-2031
- Historical Data and Forecast of Philippines Fishmeal And Fishoil Market Revenues & Volume By Carps for the Period 2021-2031
- Historical Data and Forecast of Philippines Fishmeal And Fishoil Market Revenues & Volume By Tilapias for the Period 2021-2031
- Historical Data and Forecast of Philippines Fishmeal And Fishoil Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Philippines Fishmeal And Fishoil Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Philippines Fishmeal And Fishoil Market Revenues & Volume By Poultry for the Period 2021-2031
- Historical Data and Forecast of Philippines Fishmeal And Fishoil Market Revenues & Volume By Swine for the Period 2021-2031
- Historical Data and Forecast of Philippines Fishmeal And Fishoil Market Revenues & Volume By Poultry for the Period 2021-2031
- Historical Data and Forecast of Philippines Fishmeal And Fishoil Market Revenues & Volume By Aquatic animals for the Period 2021-2031
- Historical Data and Forecast of Philippines Fishmeal And Fishoil Market Revenues & Volume By Others for the Period 2021-2031
- Philippines Fishmeal And Fishoil Import Export Trade Statistics
- Market Opportunity Assessment By Species Type
- Market Opportunity Assessment By Application
- Philippines Fishmeal And Fishoil Top Companies Market Share
- Philippines Fishmeal And Fishoil Competitive Benchmarking By Technical and Operational Parameters
- Philippines Fishmeal And Fishoil Company Profiles
- Philippines Fishmeal And Fishoil Key Strategic Recommendations