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Explore the global Fishmeal Sales with in-depth analysis

Fishmeal Market Segments - by Product Type (Whole Fishmeal, Semi-skimmed Fishmeal, Defatted Fishmeal, Compound Fishmeal, and Low-temperature Fishmeal), Application (Aquaculture Feeds, Poultry Feeds, Pig Feeds, Pet Food, and Others), Distribution Channel (Direct Sales, Indirect Sales), Ingredient Type (Anchovy, Herring, Menhaden, Sardine, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2025-2035

Fishmeal Sales Market Outlook

The global fishmeal market is anticipated to reach a value of approximately USD 10 billion by 2035, with a compound annual growth rate (CAGR) of around 4% during the forecast period. This growth is primarily driven by the increasing demand for fishmeal as a high-protein ingredient in aquaculture and animal feeds, which is further bolstered by the rising global population and the consequent need for sustainable protein sources. Additionally, the growing awareness among livestock and poultry producers regarding the nutritional benefits of fishmeal is catalyzing its adoption across various segments. The expansion of the aquaculture industry, along with innovations in fishmeal production processes to enhance sustainability and reduce environmental impact, also significantly contributes to market growth. Furthermore, the push towards organic and natural feed ingredients emphasizes the pivotal role of fishmeal in delivering high-quality nutrition to farmed animals and pets, driving demand in the market.

Growth Factor of the Market

One of the primary growth factors of the fishmeal market is the escalating demand for aquaculture feeds, which accounts for a significant share of the overall fishmeal consumption. With the rapidly growing global aquaculture industry, driven by rising fish consumption and a shift towards sustainable seafood production, the need for high-quality fishmeal is increasing correspondingly. Moreover, the nutritional profile of fishmeal, which is rich in omega-3 fatty acids and proteins, makes it an indispensable ingredient in animal feeds, thereby boosting its market presence. Additionally, there is a trend towards the use of fishmeal in pet food, further expanding its application scope. The continuous innovations in production technology, aimed at improving the quality and sustainability of fishmeal, also play a crucial role in promoting market growth. Lastly, supportive government policies and initiatives aimed at enhancing the aquaculture sector's productivity and sustainability are likely to keep fueling the market for fishmeal well into the future.

Key Highlights of the Market
  • The global fishmeal market is projected to reach USD 10 billion by 2035.
  • Aquaculture feeds are the dominant application segment, driving demand.
  • Technological innovations in fishmeal production are enhancing sustainability.
  • The market is witnessing a notable shift towards organic and natural feed ingredients.
  • Government policies supporting aquaculture are positively impacting market growth.

By Product Type

Whole Fishmeal:

Whole fishmeal is derived from whole fish that are processed into a fine powder to retain their nutritional value. This type of fishmeal is highly sought-after due to its rich protein content, which typically ranges from 60% to 72%, along with essential amino acids, vitamins, and minerals. Whole fishmeal is predominantly used in aquaculture, where it serves as a critical ingredient in the diets of various fish species, as it helps in promoting growth and enhancing overall health. The increasing production of farmed fish, particularly species like salmon and tilapia, is expected to drive the demand for whole fishmeal significantly. Additionally, its application in livestock feeds is gaining traction, as farmers recognize the benefits of whole fishmeal in improving animal health, feed efficiency, and overall product quality.

Semi-skimmed Fishmeal:

Semi-skimmed fishmeal is produced by partially removing the oil from whole fish, resulting in a product that maintains a relatively high protein level while having a lower fat content. This type of fishmeal is becoming increasingly popular among feed manufacturers as it offers a balanced nutrient profile suitable for various applications, particularly in aquaculture and livestock feeds. The reduced fat content makes semi-skimmed fishmeal a preferred choice for species that require protein-rich diets without excessive fat, making it suitable for young fish and poultry. Furthermore, the versatility of semi-skimmed fishmeal allows it to be used in different formulations, enhancing its market appeal across various segments. As the demand for tailored feed solutions continues to rise, semi-skimmed fishmeal is likely to witness steady growth in the coming years.

Defatted Fishmeal:

Defatted fishmeal is produced by completely removing the oil from fish, resulting in a product that is extremely high in protein, typically exceeding 70%. The absence of fat also makes defatted fishmeal ideal for use in low-fat formulations, catering to specific dietary needs in aquaculture and livestock feeds. This type of fishmeal is especially popular in aquaculture, where the high protein content supports optimal growth rates and feed conversion ratios. Additionally, the use of defatted fishmeal in the pet food industry is gaining traction, as pet owners increasingly seek high-quality, protein-rich diets for their pets. Furthermore, the continued emphasis on health and wellness among consumers is likely to drive the demand for defatted fishmeal as a premium feed ingredient.

Compound Fishmeal:

Compound fishmeal is a blend of various fish species, formulated to achieve specific nutritional profiles tailored for various applications. This versatility allows manufacturers to cater to diverse dietary requirements across aquaculture, livestock, and pet food sectors. The use of compound fishmeal is becoming more prevalent as it enables the balancing of nutritional content while leveraging the economic advantages of sourcing different fish types. The increasing focus on optimizing feed formulations to enhance growth efficiency and overall health in aquaculture is expected to boost the demand for compound fishmeal. Furthermore, its application in the formulation of specialty feeds for high-value species is also anticipated to drive market growth, as producers look for cost-effective and nutritionally balanced options.

Low-temperature Fishmeal:

Low-temperature fishmeal is produced using advanced processing methods that minimize heat exposure, preserving the nutritional integrity of the raw materials. This type of fishmeal is characterized by its high digestibility and superior aroma, making it an attractive option for both aquaculture and pet food applications. The preservation of essential fatty acids and proteins during the low-temperature process contributes to better feed quality, resulting in improved growth performance and health in farmed species. As the aquaculture sector increasingly emphasizes sustainable practices and high-quality feeds, the demand for low-temperature fishmeal is expected to rise. Moreover, the pet food industry is also leaning towards low-temperature fishmeal as consumers prioritize natural and quality ingredients in pet nutrition, further enhancing its market prospects.

By Application

Aquaculture Feeds:

Aquaculture feeds represent the largest application segment for fishmeal, primarily due to the booming aquaculture industry worldwide. The rising demand for seafood, coupled with the need for sustainable farming practices, has led to increased utilization of fishmeal as a primary protein source in fish diets. Fishmeal provides essential nutrients, including high-quality proteins and omega-3 fatty acids, which are crucial for the growth and health of farmed fish species such as salmon and trout. The trend towards intensive aquaculture practices and the desire for improved feed conversion ratios further bolster the demand for fishmeal in this segment. With the continuous expansion of aquaculture operations globally, the market for fishmeal in aquaculture feeds is expected to witness substantial growth in the coming years.

Poultry Feeds:

The poultry feed sector is another significant application of fishmeal, driven by the increasing consumption of poultry products globally. Fishmeal serves as a high-protein, nutrient-rich ingredient that enhances the overall quality of poultry feed formulations. The incorporation of fishmeal in poultry diets is proven to improve growth rates, feed efficiency, and the nutritional profile of the meat, making it a valuable addition. As consumers increasingly demand high-quality poultry products, feed manufacturers are seeking out protein-rich ingredients like fishmeal to meet these requirements. Furthermore, the growing trend towards raising free-range and organic poultry also supports the rising use of fishmeal, as producers aim to provide natural and nutritious feed options.

Pig Feeds:

Fishmeal is gaining traction in the pig feed sector, particularly as awareness of its nutritional benefits continues to grow among livestock producers. The high protein content, combined with the presence of essential amino acids and omega-3 fatty acids, makes fishmeal an attractive ingredient for improving growth performance and overall health in pigs. The increasing focus on optimizing feed formulations to enhance the quality of pork products is driving the demand for fishmeal in pig diets. Additionally, as the emphasis on sustainable and responsible farming practices rises, fishmeal presents a viable solution by providing a natural protein source that supports animal welfare. As the pork industry continues to expand, the use of fishmeal in pig feeds is likely to experience notable growth.

Pet Food:

The pet food industry is emerging as a lucrative application segment for fishmeal, driven by consumers' increasing preference for high-quality, protein-rich diets for their pets. Fishmeal is recognized for its digestibility and palatability, making it an ideal ingredient for various pet food formulations, particularly for dogs and cats. The nutritional benefits of fishmeal, including its omega-3 fatty acids, are appealing to pet owners who seek to enhance their pets' overall health and well-being. As the trend toward premium and natural pet food products gains momentum, the demand for fishmeal is expected to grow substantially. Furthermore, the shift towards grain-free and high-protein diets in pet nutrition is anticipated to further propel the use of fishmeal in this segment.

Others:

Beyond aquaculture, poultry, pig, and pet feeds, fishmeal finds applications in various other sectors, including the production of fertilizers, aquaculture supplements, and organic fertilizers. Its high nutrient content makes it a valuable ingredient in enhancing soil fertility and promoting healthy crop growth. Moreover, fishmeal is increasingly being utilized in specialty diets for livestock and other animals, including research applications and experimental farming methods aimed at improving animal health and productivity. As the focus on sustainable agriculture practices grows, the versatility of fishmeal in addressing the nutritional needs of different species positions it as a valuable resource across multiple applications. The 'others' segment is expected to witness growth as more industries recognize the benefits of incorporating fishmeal into their products.

By Distribution Channel

Direct Sales:

Direct sales constitute a significant distribution channel for the fishmeal market, as many manufacturers prefer to sell their products directly to end-users such as aquaculture farms, livestock producers, and pet food manufacturers. This channel allows for better control over pricing, customer relationships, and product quality, enabling manufacturers to establish strong brand loyalty among their clients. Direct sales also facilitate efficient communication regarding product specifications and custom formulations tailored to meet specific nutritional needs. The growth of direct sales is being supported by technological advancements such as e-commerce platforms and online ordering systems, which streamline the purchasing process and enable manufacturers to reach a broader audience. As the demand for high-quality fishmeal continues to rise, the direct sales channel is expected to maintain its strong position in the market.

Indirect Sales:

Indirect sales represent an essential distribution channel for the fishmeal market, involving intermediaries such as distributors, wholesalers, and retailers who facilitate the distribution of fishmeal to end-users. This channel allows manufacturers to extend their market reach, particularly in regions where establishing direct sales channels may be challenging. Distributors often have established relationships with various clients across multiple industries, enabling them to effectively promote and sell fishmeal products. Additionally, indirect sales provide manufacturers with the flexibility to focus on production while relying on intermediaries to manage logistics and distribution. The growth of the indirect sales channel is further driven by the increasing number of pet food brands and livestock feed companies that prefer to source fishmeal through established distributors to ensure a consistent supply and competitive pricing.

By Ingredient Type

Anchovy:

Anchovy is one of the most commonly used fish species in the production of fishmeal, primarily due to its high oil and protein content. Anchovy fishmeal is rich in omega-3 fatty acids, which are essential for the growth and health of aquaculture species. Its high palatability makes it a preferred ingredient in the formulation of feeds for both fish and livestock. The growing demand for anchovy fishmeal is driven by the expanding aquaculture industry, particularly in regions such as South America and Southeast Asia, where anchovies are abundant. Furthermore, the sustainability of anchovy fishing practices is enhancing its appeal, as consumers increasingly prioritize environmentally-friendly sourcing of fishmeal ingredients.

Herring:

Herring is another significant ingredient type in the fishmeal market, recognized for its rich nutritional profile and high protein content. Herring fishmeal is widely utilized in aquaculture due to its effectiveness in promoting growth and enhancing feed conversion ratios. The availability of herring in colder waters, particularly in the North Atlantic, ensures a consistent supply for fishmeal production. The increasing demand for herring fishmeal is also influenced by its applications in livestock and pet food, where it is valued for its nutrient density and palatability. As the emphasis on using high-quality, natural protein sources in animal feeds rises, herring fishmeal is expected to maintain its relevance and market share.

Menhaden:

Menhaden is a highly nutritious fish species commonly used in fishmeal production, particularly in North America. Menhaden fishmeal is renowned for its high protein content and favorable amino acid profile, making it an ideal ingredient for aquaculture and livestock feeds. The fish's sustainable harvesting practices further enhance its market appeal, as consumers demand environmentally-friendly sourcing of feed ingredients. Menhaden fishmeal is particularly valued in aquaculture for species such as salmon and trout, where it supports optimal growth and health. Additionally, the increase in pet food brands focusing on high-quality ingredients is likely to drive demand for menhaden fishmeal as a premium protein source.

Sardine:

Sardine is another critical ingredient in the fishmeal market, recognized for its exceptional nutritional profile, which includes high levels of omega-3 fatty acids and protein. Sardine fishmeal is often utilized in aquaculture feeds due to its high digestibility and palatability, making it an effective ingredient for promoting the health and growth of farmed fish. The availability of sardines in various regions, coupled with sustainable fishing practices, contributes to the stable supply of sardine fishmeal in the market. Furthermore, the rising consumer demand for omega-3-rich diets in both aquaculture and pet food is expected to drive the growth of sardine fishmeal, making it a valuable ingredient across multiple applications.

Others:

Other ingredient types used in fishmeal production include various fish species such as mackerel, trout, and other small pelagic fish. These ingredients are often combined or included in blends to achieve specific nutritional profiles tailored for different applications. The demand for diverse fishmeal ingredients is supported by the growing emphasis on optimizing feed formulations to ensure the best growth performance and health in aquaculture and livestock. Additionally, the increasing focus on sustainable sourcing and the use of locally available fish species is driving the adoption of alternative fishmeal ingredients. As producers seek to diversify their ingredient sources to mitigate risks associated with supply chain fluctuations, the 'others' segment is poised for continued growth.

By Region

The global fishmeal market exhibits significant regional variations in terms of production and consumption patterns. In the Asia Pacific region, which is the largest market for fishmeal, countries such as China and Vietnam lead in both aquaculture production and fishmeal consumption. The region accounts for approximately 45% of the global fishmeal market value, driven by the increasing demand for seafood and the rapidly growing aquaculture industry. With a projected CAGR of 5%, the Asia Pacific market is expected to maintain its dominance, supported by government initiatives aimed at enhancing aquaculture production and ensuring sustainable fishmeal sourcing. Additionally, the increasing adoption of high-protein feeds in livestock and poultry sectors in this region further bolsters the demand for fishmeal.

In North America, the fishmeal market is characterized by a growing interest in sustainable aquaculture practices and the use of high-quality feed ingredients in livestock and pet food. The region accounts for approximately 20% of the global fishmeal market, with the United States being the largest consumer. The emphasis on health and nutrition among pet owners is driving the demand for fishmeal in pet food formulations. Furthermore, the rising awareness of the benefits of omega-3 fatty acids in aquaculture feeds is helping to expand the market for fishmeal in North America. As the market continues to evolve, innovative feed formulations and sustainable sourcing practices are expected to support steady growth in the North American fishmeal sector.

Opportunities

The fishmeal market presents numerous opportunities, particularly driven by the increasing global demand for aquaculture and sustainable protein sources. With the rise in seafood consumption and the need to address overfishing concerns, fishmeal serves as a valuable ingredient that can fulfil nutritional requirements while promoting sustainable practices in aquaculture. Moreover, advancements in fishmeal production technologies are focusing on improving efficiency and minimizing environmental impact, creating avenues for innovation and market expansion. The growing trend towards organic and natural feed ingredients is another opportunity that fishmeal can capitalize on, as producers seek high-quality, nutrient-dense options for their livestock and pets. Furthermore, the increasing popularity of fish-based diets among pet owners is likely to drive demand for fishmeal in the pet food industry, expanding its application scope and market potential.

In addition to the increasing demand, there lies an opportunity for fishmeal producers to enhance their market share through strategic partnerships and collaborations with feed manufacturers. By aligning with key players in the livestock and aquaculture sectors, fishmeal suppliers can ensure their products are incorporated into high-quality feed formulations and gain access to larger distribution networks. Investment in research and development to explore alternative sources of fishmeal, such as bycatch or underutilized fish species, could also provide new avenues for growth. Furthermore, as regulatory frameworks around sustainable fishing practices tighten globally, fishmeal manufacturers that prioritize environmentally-friendly sourcing and production processes will be well-positioned to leverage the growing consumer demand for ethical and sustainable feed options.

Threats

Despite the promising growth prospects in the fishmeal market, several threats could potentially hinder its progress. One significant concern is the volatility of fish supply, which is influenced by overfishing, climate change, and stringent regulations governing fishing practices. Fluctuations in fish availability can lead to price instability and supply chain disruptions, impacting producers and consumers alike. Additionally, the increasing pressure on marine ecosystems due to overfishing raises sustainability concerns among consumers, which could lead to a shift away from fishmeal as producers seek alternative protein sources that are perceived as more sustainable. This shift poses a direct threat to the fishmeal market, as it may result in decreased demand from key segments, particularly aquaculture and livestock feeds.

Moreover, competition from alternative protein sources, such as plant-based proteins and insect meal, is intensifying in the animal feed market. As feed manufacturers explore various options to reduce reliance on fishmeal and enhance sustainability, the potential for market share loss becomes a genuine threat for traditional fishmeal producers. Additionally, the growing awareness of food safety issues related to fishmeal sourcing and processing could further complicate market dynamics, as consumers demand greater transparency regarding the origins and quality of feed ingredients. Fishermen and producers who fail to adapt to these changing market conditions may find themselves at a competitive disadvantage, underscoring the need for innovation and sustainable practices in the fishmeal industry.

Competitor Outlook

  • Omega Protein Corporation
  • Fishmeal Co., Ltd
  • FMC Corporation
  • Nutreco N.V.
  • Calysta, Inc.
  • Hawkins Wright Ltd.
  • Alliance Grain Traders Inc.
  • Wild Planet Foods
  • Harvest Fishmeal
  • Maruha Nichiro Corporation
  • Stolt-Nielsen Limited
  • Vicinity Group
  • Trident Seafoods Corporation
  • Fishermen's Finest, Inc.
  • Seawatch International, Inc.

The competitive landscape of the fishmeal market is characterized by a combination of established players and new entrants, all vying for a share of the growing demand for high-quality protein sources in aquaculture, livestock, and pet food industries. Leading companies such as Omega Protein Corporation and Nutreco N.V. have established a strong foothold in the market, leveraging their extensive experience in fishmeal production and distribution. These companies continue to invest in research and development to innovate and enhance their product offerings, focusing on sustainability and quality assurance. The competitive edge of these companies is often attributed to their ability to form strategic partnerships with aquaculture farms and feed manufacturers, allowing them to optimize supply chain efficiencies and ensure consistent product availability.

Emerging players in the fishmeal market are also making their mark by adopting innovative production techniques and sustainable practices. Companies like Calysta, Inc. are exploring alternative protein sources and methods that align with environmentally friendly practices, offering differentiated products that cater to the growing consumer demand for sustainable feed ingredients. Additionally, organizations such as Trident Seafoods Corporation have positioned themselves as leaders in responsibly sourced fishmeal, emphasizing traceability and sustainability in their supply chains. The competitive dynamics are also shaped by regional players that specialize in local fish species, capitalizing on their understanding of unique market demands and establishing strong relationships with local producers.

As the market continues to evolve, collaboration and strategic alliances are anticipated to play a pivotal role in shaping the competitive landscape. Companies that embrace sustainability and focus on product diversification are likely to thrive in a market characterized by tightening regulations and increasing consumer scrutiny. Furthermore, the integration of technology and data analytics in operations is expected to enhance operational efficiencies and product quality, allowing companies to adapt to changing consumer preferences effectively. Overall, the fishmeal market is poised for growth, driven by the synergy between established companies and innovative newcomers, all striving to meet the escalating demand for sustainable and nutritious protein sources.

  • October, 2025
  • CA-19689
  • 100
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  • 4.7
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Buy Report
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