Fishmeal & Fish Oil Market Growth, Trends, and Forecast by 2031

Historic Data: 2021-2023   |   Base Year: 2024   |   Forecast Period: 2025-2031

Fishmeal & Fish Oil Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage : by Type (Fishmeal and Fish Oil); SourceApplication (Poultry Feed, Aquafeed, Pet Food, Fertilizers) (Anchovy, Salmon, Sardines, Tilapia, Shrimps); and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Date : Sep 2025
  • Report Code : TIPRE00040311
  • Category : Food and Beverages
  • Status : Upcoming
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 150
Page Updated: Mar 2025

AI overview of Fishmeal & Fish Oil Market


The Fishmeal & Fish Oil Market is poised for significant growth, with a projected market size reaching US$ XX million by 2031, reflecting a CAGR of 4% from 2025 to 2031. This growth is driven by the increasing demand for animal feed, particularly in the expanding aquaculture industry, as well as rising health awareness regarding omega-3 fatty acids. Historical data from 2021 to 2023 indicates a robust foundation for this market, which is segmented into various types, including fishmeal and fish oil, and applications such as poultry feed and pet food. Key trends include a shift towards sustainable sourcing and the emergence of plant-based alternatives, which are reshaping the Fishmeal & Fish Oil Market landscape. As the market evolves, opportunities in emerging markets and technological advancements in production will further enhance its growth potential.


The Fishmeal & Fish Oil Market is expected to register a CAGR of 4% from 2025 to 2031, with a market size expanding from US$ XX Million in 2024 to US$ XX Million by 2031.

The fishmeal & fish oil market is segmented into type, source, application, and geography. Based on type, the market is bifurcated into fishmeal and fish oil. Based on source, the market is segmented into anchovy, salmon, sardines, tilapia, shrimps, and others. Based on application, the market is segmented into poultry feed, aquafeed, pet food, fertilizers, and others.

Purpose of the Report

The report Fishmeal & Fish Oil Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Fishmeal & Fish Oil Market Segmentation

Type

  • Fishmeal and Fish Oil

SourceApplication

  • Poultry Feed
  • Aquafeed
  • Pet Food
  • Fertilizers

Customize This Report To Suit Your Requirement

You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Fishmeal & Fish Oil Market: Strategic Insights

fishmeal-and-fish-oil-market
  • Get Top Key Market Trends of this report.
    This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Fishmeal & Fish Oil Market Growth Drivers

  • Growing Demand for Animal Feed: The increasing demand for high-quality animal feed, especially in the livestock and aquaculture industries, is one of the key drivers of the fishmeal and fish oil market. Fishmeal is a rich source of protein and omega-3 fatty acids, making it essential in the formulation of animal feed, particularly for poultry, pigs, and fish in aquaculture. As the global population grows, the demand for protein-rich food sources increases, propelling the use of fishmeal in animal feed.
  • Rising Health Awareness and Omega-3 Consumption: Consumers are becoming more health-conscious, which is driving the demand for omega-3 fatty acids in the form of fish oil supplements. Omega-3 fatty acids are linked to various health benefits, including heart health, reducing inflammation, and promoting brain function. As more people turn to dietary supplements and fortified foods, fish oil is in higher demand, driving market growth.
  • Expanding Aquaculture Industry: The increasing focus on sustainable and efficient protein production through aquaculture has significantly boosted the demand for fishmeal and fish oil. With wild fish stocks declining and the need to feed a growing global population, aquaculture serves as a vital source of seafood. Fishmeal is used in fish farming for feed, and fish oil is an essential supplement in the diets of farmed fish, especially in regions like Asia and Latin America, further driving the market.

Fishmeal & Fish Oil Market Future Trends

  • Shift Toward Sustainable Sourcing: As concerns grow about overfishing and the environmental impact of fishmeal and fish oil production, there is a noticeable trend toward sustainable sourcing. Many companies in the market are adopting certification schemes like the Marine Stewardship Council (MSC) to ensure that their fishmeal and fish oil products are sourced sustainably. Consumers and businesses alike are increasingly favoring products that align with sustainability goals.
  • Plant-Based Alternatives and Innovations: With the rise of plant-based diets and concerns over the sustainability of fishmeal, there has been a trend toward developing alternative protein sources, such as algae-based ingredients, that mimic the nutritional benefits of fishmeal. Companies are investing in the research and development of these alternatives to reduce reliance on marine fish and meet demand from the aquaculture industry.
  • Regulatory and Compliance Pressure: Governments and international bodies are tightening regulations on fishmeal and fish oil production to ensure sustainable practices. These regulations are pushing companies to adopt more efficient and eco-friendly production methods, leading to increased innovation in the market. Companies are also facing stricter guidelines on product quality and traceability.

Fishmeal & Fish Oil Market Opportunities

  • Expansion in Emerging Markets: The demand for fishmeal and fish oil is growing rapidly in emerging markets, particularly in Asia and Africa. With the increasing demand for animal feed, aquaculture, and nutritional supplements in these regions, there are significant opportunities for manufacturers to tap into these high-growth markets.
  • Technological Advancements in Production: Innovation in fishmeal and fish oil production technologies offers opportunities for cost reduction and improved efficiency. The development of more efficient processing techniques, including the use of enzyme treatments or mechanical innovations, can enhance product yield and quality, offering opportunities for market players.
  • Rising Demand for Functional Foods: The growing consumer demand for functional foods, including those enriched with omega-3 fatty acids, presents an opportunity for fish oil producers. Fish oil can be used in various applications, such as in fortified food products, beverages, and supplements, catering to a broader market seeking health benefits from their food choices.

Fishmeal & Fish Oil Market Regional Insights

The regional trends and factors influencing the Fishmeal & Fish Oil Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Fishmeal & Fish Oil Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

fishmeal-and-fish-oil-market-global-geography
  • Get the Regional Specific Data for Fishmeal & Fish Oil Market

Fishmeal & Fish Oil Market Report Scope

Report Attribute Details
Market size in 2024 US$ XX Million
Market Size by 2031 US$ XX Million
Global CAGR (2025 - 2031) 4%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Type
  • Fishmeal and Fish Oil
By SourceApplication
  • Poultry Feed
  • Aquafeed
  • Pet Food
  • Fertilizers
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • TripleNine
  • The Scoular Company
  • FF SKAGEN A/S
  • Pelagia AS
  • Soytex LTD
  • Pesquera Diamante S.A.
  • TASA
  • Oceana Group Limited
  • Omega Protein Corporation
  • The Scoular Company

  • Fishmeal & Fish Oil Market Players Density: Understanding Its Impact on Business Dynamics

    The Fishmeal & Fish Oil Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Fishmeal & Fish Oil Market are:

    1. TripleNine
    2. The Scoular Company
    3. FF SKAGEN A/S
    4. Pelagia AS
    5. Soytex LTD
    6. Pesquera Diamante S.A.

    Disclaimer: The companies listed above are not ranked in any particular order.


    fishmeal-and-fish-oil-market-cagr

    • Get the Fishmeal & Fish Oil Market top key players overview

    Key Selling Points

    • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Fishmeal & Fish Oil Market, providing a holistic landscape.
    • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
    • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
    • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

    The research report on the Fishmeal & Fish Oil Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.


    Frequently Asked Questions

    1
    What is the expected CAGR of the Fishmeal & Fish Oil Market?
    The Fishmeal & Fish Oil Market is estimated to witness a CAGR of 4% from 2025 to 2031
    2
    What are the driving factors impacting the fishmeal & fish oil market?
    Growing Demand for Animal Feed and Rising Health Awareness and Omega-3 Consumption are driving the market growth.
    3
    What are the key players operating in the fishmeal & fish oil market ?
    TripleNine, The Scoular Company, FF SKAGEN A/S, Pelagia AS, Soytex LTD, Pesquera Diamante S.A., TASA, Oceana Group Limited, Omega Protein Corporation,
    The Scoular Company are the key players operating in the market.
    4
    Which regions are covered in the region?
    On the basis of geography, the market is segmented into is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
    5
    What are the deliverables formats of the fishmeal & fish oil market ?
    The report can be delivered in PDF/Word format, and we can also share excel data sheet based on request.
    6
    What is the future trend for fishmeal & fish oil market?
    Shift toward sustainable sourcing are expected to be the key market trends.
    Habi Ummer
    Manager,
    Market Research & Consulting

    Habi is a seasoned Market Research Analyst with 8 years of experience specializing in the Chemicals and Materials sector, with additional expertise in the Food & Beverages and Consumer Goods industries. He is a Chemical Engineer from Vishwakarma Institute of Technology (VIT) and has developed deep domain knowledge across industrial and specialty chemicals, paints and coatings, paper and packaging, lubricants, and consumer products. Habi’s core competencies include market sizing and forecasting, competitive benchmarking, trend analysis, client engagement, report writing, and team coordination—making him adept at delivering actionable insights and supporting strategic decision-making.

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset

    Testimonials

    Reason to Buy

    • Informed Decision-Making
    • Understanding Market Dynamics
    • Competitive Analysis
    • Identifying Emerging Markets
    • Customer Insights
    • Market Forecasts
    • Risk Mitigation
    • Boosting Operational Efficiency
    • Strategic Planning
    • Investment Justification
    • Tracking Industry Innovations
    • Aligning with Regulatory Trends
    Your Key Concerns Addressed - Question & Answer
    Can I view a sample of the report before purchasing?

    Yes! We provide a free sample of the report, which includes Report Scope (Table of Contents), report structure, and selected insights to help you assess the value of the full report. Please click on the "Download Sample" button or contact us to receive your copy.

    Is analyst support included with the purchase?

    Absolutely — analyst assistance is part of the package. You can connect with our analyst post-purchase to clarify report insights, methodology or discuss how the findings apply to your business needs.

    What are the next steps once I place an order?

    Once your order is successfully placed, you will receive a confirmation email along with your invoice.

    • For published reports: You’ll receive access to the report within 4–6 working hours via a secured email sent to your email.
    • For upcoming reports: Your order will be recorded as a pre-booking. Our team will share the estimated release date and keep you informed of any updates. As soon as the report is published, it will be delivered to your registered email.

    Can the report be tailored to suit my specific needs?

    We offer customization options to align the report with your specific objectives. Whether you need deeper insights into a particular region, industry segment, competitor analysis, or data cut, our research team can tailor the report accordingly. Please share your requirements with us, and we’ll be happy to provide a customized proposal or scope.

    In what format is the report delivered?

    The report is available in either PDF format or as an Excel dataset, depending on the license you choose.

    The PDF version provides the full analysis and visuals in a ready-to-read format. The Excel dataset includes all underlying data tables for easy manipulation and further analysis.
    Please review the license options at checkout or contact us to confirm which formats are included with your purchase.

    How secure is the payment process on your platform?

    Our payment process is fully secure and PCI-DSS compliant.

    We use trusted and encrypted payment gateways to ensure that all transactions are protected with industry-standard SSL encryption. Your payment details are never stored on our servers and are handled securely by certified third-party processors.
    You can make your purchase with confidence, knowing your personal and financial information is safe with us.

    Do you provide special pricing for buying multiple reports?

    Yes, we do offer special pricing for bulk purchases.
    If you're interested in purchasing multiple reports, we’re happy to provide a customized bundle offer or volume-based discount tailored to your needs. Please contact our sales team with the list of reports you’re considering, and we’ll share a personalized quote.

    Can I connect with your team to discuss the report before buying?

    Yes, absolutely.
    Our team is available to help you make an informed decision. Whether you have questions about the report’s scope, methodology, customization options, or which license suits you best, we’re here to assist. Please reach out to us at sales@theinsightpartners.com, and one of our representatives will get in touch promptly.

    Will I get a billing invoice upon purchase?

    Yes, a billing invoice will be automatically generated and sent to your registered email upon successful completion of your purchase.
    If you need the invoice in a specific format or require additional details (such as company name, GST, or VAT information), feel free to contact us, and we’ll be happy to assist.

    Is there support available if I can’t access my report?

    Yes, certainly.
    If you encounter any difficulties accessing or receiving your report, our support team is ready to assist you. Simply reach out to us via email or live chat with your order information, and we’ll ensure the issue is resolved quickly so you can access your report without interruption.

    Our Clients
    Fishmeal & Fish Oil Market
    Connect With Expert

    • TripleNine

    • The Scoular Company

    • FF SKAGEN A/S

    • Pelagia AS

    • Soytex LTD

    • Pesquera Diamante S.A.

    • TASA

    • Oceana Group Limited

    • Omega Protein Corporation

    • The Scoular Company

    Sales Assistance
    US: +1-646-491-9876
    UK: +44-20-8125-4005
    Email: sales@theinsightpartners.com
    Chat with us
    DUNS Logo
    87-673-9708
    ISO Certified Logo
    ISO 9001:2015
    ISO Certified Logo