Fishmeal and Fish Oil Market
Fishmeal and Fish Oil Market Size, Share & Trends Analysis Report by Source (Salmon & Trout, Crustaceans, Marine Fish, Carps, and Others (Tilapias, Eels, Crabs, and Lobsters)) and by Application (Swine, Poultry, Cattle, Aquaculture, Pets, and Other (Equine and Other Marine Species)), Forecast Period (2026-2035)
Industry Overview
Fishmeal and fish oil market was valued at $12.8 billion in 2025 and is projected to reach $20.4 billion by 2035, growing at a CAGR of 4.9% during the forecast period (2026-2035). The global fishmeal and fish oil market is experiencing steady expansion as producers and end-users respond to shifting nutritional and industrial requirements. Demand continues to rise as these ingredients remain integral to high-quality feed formulations used across aquaculture and livestock sectors. Their role in supporting efficient growth and maintaining animal health has strengthened their position within modern feed systems. At the same time, the market is benefiting from broader interest in naturally sourced nutrients that offer consistent performance. Ongoing improvements in processing and resource utilization are also helping suppliers meet evolving quality expectations.
Market Dynamics
Rising Dependence on High-Quality Marine-Based Feed Ingredients
Growing demand for nutrient-rich feed inputs is strengthening the role of fishmeal and fish oil in global animal nutrition. Producers are prioritizing marine-based ingredients because they offer superior protein density and essential fatty acids that are difficult to replicate synthetically. This trend is particularly visible in regions with expanding aquaculture production, where consistent feed quality directly influences stock health and yield. As a result, the market is gradually shifting toward more efficient sourcing and processing methods to maintain product purity. These developments are helping reinforce the long-term relevance of fishmeal and fish oil in premium feed formulations.
Expansion of Aquaculture Driving Long-Term Consumption Growth
The continued rise of commercial aquaculture across Asia, Europe, and South America is shaping demand patterns in the fishmeal and fish oil industry. Fish and shrimp farming operations increasingly rely on these ingredients to support growth performance and product quality, creating a steady pull within the supply chain. This expansion is encouraging producers to stabilize output through sustainable harvesting and improved resource management. At the same time, feed manufacturers are investing in controlled formulations to optimize nutritional efficiency. This broad-based growth in aquaculture activity is expected to sustain market demand over the coming years.
Market Segmentation
- Based on the source, the market is segmented into salmon & trout, crustaceans, marine fish, carp, and others (tilapias, eels, crabs, and lobsters).
- Based on the application, the market is segmented into swine, poultry, cattle, aquaculture, pets, and other (equine and other marine species).
Marine Fish Segment to Lead the Market with the Largest Share
The global fishmeal and fish oil market is advancing as consistent access to marine species supports stable raw material availability. Harvested fish rich in essential nutrients enable producers to maintain reliable output levels and meet quality expectations across end-use sectors. This dependable supply base strengthens the industry’s capacity to respond to rising demand for nutrient-dense ingredients. As processing practices become more refined, manufacturers are better positioned to utilize marine resources efficiently. These developments contribute to improved product standards and broader market acceptance.
Aquaculture Industry: A Key Segment in Market Growth
Growth in the aquaculture sector is playing a central role in elevating the global fishmeal and fish oil market. Expanding fish and shrimp farming operations rely heavily on concentrated feed inputs that support healthy development and consistent yields. As producers seek reliable nutrition sources, demand for high-performance feed ingredients remains strong. This has encouraged steady procurement from feed manufacturers aiming to maintain competitive production standards. Improvements in farming methods further strengthen the need for nutrient-rich components that enhance efficiency.
Regional Outlook
The global fishmeal and fish oil market is further divided by geography, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Manufacturers Focus on Supplying Reliable Products in Europe
The European market is advancing as manufacturers focus on supplying reliable, high-standard feed components for diverse animal nutrition applications. Strong regulatory oversight and well-established processing systems contribute to consistent product quality. Growing interest in sustainable sourcing has also encouraged the adoption of refined production practices. Demand from the livestock and aquaculture sectors continues to support regular purchasing patterns across the region. Emerging innovations in feed formulation further enhance the relevance of fishmeal and fish oil in commercial operations.
Asia-Pacific Region Dominates the Market with Major Share
The Asia-Pacific market is progressing as regional demand for nutrient-rich feed inputs continues to strengthen. Expanding livestock and aquaculture production has encouraged steady procurement of high-quality protein and oil ingredients. Local processors are also increasing output to cater to both domestic needs and export opportunities. Improved harvesting methods and better resource utilization are supporting consistent raw material availability. These developments are helping producers across the region sustain competitive supply chains.
Market Players Outlook
The major companies operating in the global fishmeal and fish oil market include Austevoll Seafood ASA / Pelagia, Oceana Group Ltd., Omega Protein Corp., TASA (Tecnológica de Alimentos S.A.), and The Scoular Co., among others. Market players are leveraging partnerships, collaborations, mergers and acquisition strategies for business expansion and innovative product development to maintain their market positioning.
Recent Development
- In June 2025, Phileo launched Prosaf for optimum performance & sustainable aquaculture. The use of marine ingredients, such as fishmeal and fish oil, is being drastically reduced in aquafeed production due to the decreasing availability of such items globally. While manufacturers are turning instead to more sustainable items, such as plant-based ingredients, their inclusion remains challenging, especially at high levels.
The Report Covers
- Market value data analysis of 2025 and forecast to 2035.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global fishmeal and fish oil market. Based on the availability of data, information related to new products and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
- Report Summary
- Current Industry Analysis and Growth Potential Outlook
- Global Fishmeal and Fish Oil Market Sales Analysis – Source | Application| ($ Million)
- Fishmeal and Fish Oil Market Sales Performance of Top Countries
- Research Methodology
- Primary Research Approach
- Secondary Research Approach
- Market Snapshot
- Market Overview and Insights
- Scope of the Study
- Analyst Insight & Current Market Trends
- Key Fishmeal and Fish Oil Market Trends
- Market Recommendations
- Porter's Five Forces Analysis for the Fishmeal and Fish Oil Market
- Competitive Rivalry
- Threat of New Entrants
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Market Determinants
- Market Drivers
- Drivers For Global Fishmeal and Fish Oil Market: Impact Analysis
- Market Pain Points and Challenges
- Restraints For Global Fishmeal and Fish Oil Market: Impact Analysis
- Market Opportunities
- Opportunities For Global Fishmeal and Fish Oil Market: Impact Analysis
- Market Drivers
- Competitive Landscape
- Competitive Dashboard – Fishmeal and Fish Oil Market Revenue and Share by Manufacturers
- Fishmeal and Fish Oil Product Comparison Analysis
- Top Market Player Ranking Matrix
- Key Company Analysis
- Austevoll Seafood ASA / Pelagia
- Overview
- Product Portfolio
- Financial Analysis
- SWOT Analysis
- Business Strategy
- Oceana Group Ltd.
- Overview
- Product Portfolio
- Financial Analysis
- SWOT Analysis
- Business Strategy
- Omega Protein Corp.
- Overview
- Product Portfolio
- Financial Analysis
- SWOT Analysis
- Business Strategy
- TASA (Tecnológica de Alimentos S.A.)
- Overview
- Product Portfolio
- Financial Analysis
- SWOT Analysis
- Business Strategy
- The Scoular Co.
- Overview
- Product Portfolio
- Financial Analysis
- SWOT Analysis
- Business Strategy
- Top Winning Strategies by Market Players
- Merger and Acquisition
- Product Launch
- Partnership And Collaboration
- Austevoll Seafood ASA / Pelagia
- Key Company Analysis
- Global Fishmeal and Fish Oil Market Sales Analysis by Source ($ Million)
- Salmon & Trout
- Crustaceans
- Marine Fish
- Carps
- Others
- Global Fishmeal and Fish Oil Market Sales Analysis by Application ($ Million)
- Swine
- Poultry
- Cattle
- Aquaculture
- Pets
- Others
- Regional Analysis
- North American Fishmeal and Fish Oil Market Sales Analysis – Source | Application | Country ($ Million)
- Macroeconomic Factors for North America
- United States
- Canada
- European Fishmeal and Fish Oil Market Sales Analysis – Source | Application | Country ($ Million)
- Macroeconomic Factors for Europe
- UK
- Germany
- Italy
- Spain
- France
- Russia
- Rest of Europe
- Asia-Pacific Fishmeal and Fish Oil Market Sales Analysis – Source | Application | Country ($ Million)
- Macroeconomic Factors for Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia & New Zealand
- ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, And Other)
- Rest of Asia-Pacific
- Rest of the World Fishmeal and Fish Oil Market Sales Analysis – Source | Application | Country ($ Million)
- Macroeconomic Factors for Rest of the World
- Latin America
- Middle East and Africa
- Company Profiles
- Austevoll Seafood ASA
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Copeinca ASA
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Corpesca S.A.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Daybrook Fisheries, Inc.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- FF Skagen A/S
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Hainan Fish Oil Co., Ltd.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Marvesa Holding N.V.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Nissui Corp. (Nippon Suisan Kaisha, Ltd.)
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Nutreco N.V.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Oceana Group Ltd.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Omega Protein Corp.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Pelagia AS
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Pesquera Diamante S.A.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Pesquera Exalmar S.A.A.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Pesquera Pacific Star S.A.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Pioneer Fishing (Pty) Ltd.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- TASA – Tecnológica de Alimentos S.A.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- The Ff Skagen A/S
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- The Scoular Co.
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- TripleNine Group A/S
- Quick Facts
- Company Overview
- Product Portfolio
- Business Strategies
- Austevoll Seafood ASA
1. Global Fishmeal And Fish Oil Market Research And Analysis By Source, 2025–2035 ($ Million)
2. Global Salmon & Trout Based Fishmeal And Fish Oil Market Research And Analysis By Region, 2025–2035 ($ Million)
3. Global Crustaceans Based Fishmeal And Fish Oil Market Research And Analysis By Region, 2025–2035 ($ Million)
4. Global Marine Fish Based Fishmeal And Fish Oil Market Research And Analysis By Region, 2025–2035 ($ Million)
5. Global Carps Based Fishmeal And Fish Oil Market Research And Analysis By Region, 2025–2035 ($ Million)
6. Global Other Fishmeal And Fish Oil Source Market Research And Analysis By Region, 2025–2035 ($ Million)
7. Global Fishmeal And Fish Oil Market Research And Analysis By Application, 2025–2035 ($ Million)
8. Global Fishmeal And Fish Oil For Swine Feed Market Research And Analysis By Region, 2025–2035 ($ Million)
9. Global Fishmeal And Fish Oil For Poultry Feed Market Research And Analysis By Region, 2025–2035 ($ Million)
10. Global Fishmeal And Fish Oil For Cattle Feed Market Research And Analysis By Region, 2025–2035 ($ Million)
11. Global Fishmeal And Fish Oil For Aquaculture Feed Market Research And Analysis By Region, 2025–2035 ($ Million)
12. Global Fishmeal And Fish Oil For Pet Food Market Research And Analysis By Region, 2025–2035 ($ Million)
13. Global Fishmeal And Fish Oil For Other Applications Market Research And Analysis By Region, 2025–2035 ($ Million)
14. Global Fishmeal and Fish Oil Market Research and Analysis by Region, 2025–2035 ($ Million)
15. North American Fishmeal and Fish Oil Market Research and Analysis by Country, 2025–2035 ($ Million)
16. North American Fishmeal and Fish Oil Market Research and Analysis by Source, 2025–2035 ($ Million)
17. North American Fishmeal and Fish Oil Market Research and Analysis by Application, 2025–2035 ($ Million)
18. European Fishmeal and Fish Oil Market Research and Analysis by Country, 2025–2035 ($ Million)
19. European Fishmeal and Fish Oil Market Research and Analysis by Source, 2025–2035 ($ Million)
20. European Fishmeal and Fish Oil Market Research and Analysis by Application, 2025–2035 ($ Million)
21. Asia-Pacific Fishmeal and Fish Oil Market Research and Analysis by Country, 2025–2035 ($ Million)
22. Asia-Pacific Fishmeal and Fish Oil Market Research and Analysis by Source, 2025–2035 ($ Million)
23. Asia-Pacific Fishmeal and Fish Oil Market Research and Analysis by Application, 2025–2035 ($ Million)
24. Rest of the World Fishmeal and Fish Oil Market Research and Analysis by Region, 2025–2035 ($ Million)
25. Rest of the World Fishmeal and Fish Oil Market Research and Analysis by Source, 2025–2035 ($ Million)
26. Rest of the World Fishmeal and Fish Oil Market Research and Analysis by Application, 2025–2035 ($ Million)
1. Global Fishmeal And Fish Oil Market Share By Source, 2025 Vs 2035 (%)
2. Global Salmon & Trout Based Fishmeal And Fish Oil Market Share By Region, 2025 Vs 2035 (%)
3. Global Crustaceans Based Fishmeal And Fish Oil Market Share By Region, 2025 Vs 2035 (%)
4. Global Marine Fish Based Fishmeal And Fish Oil Market Share By Region, 2025 Vs 2035 (%)
5. Global Carps Based Fishmeal And Fish Oil Market Share By Region, 2025 Vs 2035 (%)
6. Global Other Sources Fishmeal And Fish Oil Market Share By Region, 2025 Vs 2035 (%)
7. Global Fishmeal And Fish Oil Market Share By Application, 2025 Vs 2035 (%)
8. Global Fishmeal And Fish Oil For Swine Feed Market Share By Region, 2025 Vs 2035 (%)
9. Global Fishmeal And Fish Oil For Poultry Feed Market Share By Region, 2025 Vs 2035 (%)
10. Global Fishmeal And Fish Oil For Cattle Feed Market Share By Region, 2025 Vs 2035 (%)
11. Global Fishmeal And Fish Oil For Aquaculture Feed Market Share By Region, 2025 Vs 2035 (%)
12. Global Fishmeal And Fish Oil For Pet Food Market Share By Region, 2025 Vs 2035 (%)
13. Global Fishmeal And Fish Oil For Other Applications Market Share By Region, 2025 Vs 2035 (%)
14. Global Fishmeal and Fish Oil Market Research and Analysis by Region, 2025–2035 ($ Million)
15. US Fishmeal and Fish Oil Market Size, 2025–2035 ($ Million)
16. Canada Fishmeal and Fish Oil Market Size, 2025–2035 ($ Million)
17. UK Fishmeal and Fish Oil Market Size, 2025–2035 ($ Million)
18. France Fishmeal and Fish Oil Market Size, 2025–2035 ($ Million)
19. Germany Fishmeal and Fish Oil Market Size, 2025–2035 ($ Million)
20. Italy Fishmeal and Fish Oil Market Size, 2025–2035 ($ Million)
21. Spain Fishmeal and Fish Oil Market Size, 2025–2035 ($ Million)
22. Russia Fishmeal and Fish Oil Market Size, 2025–2035 ($ Million)
23. Rest of Europe Fishmeal and Fish Oil Market Size, 2025–2035 ($ Million)
24. India Fishmeal and Fish Oil Market Size, 2025–2035 ($ Million)
25. China Fishmeal and Fish Oil Market Size, 2025–2035 ($ Million)
26. Japan Fishmeal and Fish Oil Market Size, 2025–2035 ($ Million)
27. South Korea Fishmeal and Fish Oil Market Size, 2025–2035 ($ Million)
28. Australia and New Zealand Fishmeal and Fish Oil Market Size, 2025–2035 ($ Million)
29. ASEAN Economies Fishmeal and Fish Oil Market Size, 2025–2035 ($ Million)
30. Rest of Asia-Pacific Fishmeal and Fish Oil Market Size, 2025–2035 ($ Million)
31. Latin America Fishmeal and Fish Oil Market Size, 2025–2035 ($ Million)
32. Middle East and Africa Fishmeal and Fish Oil Market Size, 2025–2035 ($ Million)
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FAQS
The size of the Fishmeal and Fish Oil Market in 2025 is estimated to be around $12.8 billion.
Asia-Pacific holds the largest share in the Fishmeal and Fish Oil Market.
Leading players in the Fishmeal and Fish Oil Market include Austevoll Seafood ASA / Pelagia, Oceana Group Ltd., Omega Protein Corp., TASA (Tecnológica de Alimentos S.A.), and The Scoular Co., among others.
Fishmeal and Fish Oil Market is expected to grow at a CAGR of 4.9% from 2026 to 2035.
Fishmeal and Fish Oil market growth is driven by rising demand for aquaculture feed, increasing consumption of omega-3 supplements, and growth in animal nutrition and health applications.
