Fishmeal Market to Grow with a CAGR of 5.62% through 2030

The emphasis on sustainable fishing practices and increasing shift in pet food industry is expected to drive the Global Fishmeal Market growth in the forecast period, 2026-2030.

According to TechSci Research report, “Fishmeal Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the Global Fishmeal Market stood at USD 5.54 billion in 2024 and is anticipated to grow with a CAGR of 5.62% in the forecast period through 2030. 

The expansion of sustainable fishing practices is a crucial market driver that significantly influences the growth of the global fishmeal market. This driver is rooted in the increasing emphasis on responsible sourcing, environmental conservation, and certifications that promote the sustainability of fishery resources. The expansion of sustainable fishing practices is a response to growing concerns about overfishing and the environmental impact of traditional fishing methods. Sustainable fishing practices aim to harvest fish in a way that minimizes ecological disruption, maintains fish populations, and preserves the overall health of marine ecosystems. As these concerns gain prominence, there is a heightened focus on sourcing fish responsibly, driving the demand for fishmeal from certified sustainable fisheries.

Certification programs, such as the Marine Stewardship Council (MSC) and other eco-labeling initiatives, play a pivotal role in promoting sustainable fishing practices. Fisheries that adhere to these standards demonstrate responsible sourcing, ensuring that their operations are environmentally sustainable. As consumer awareness about these certifications increases, there is a growing preference for fishmeal derived from responsibly managed and certified fisheries, thereby driving the growth of the global fishmeal market. The marketability of seafood and related products is increasingly influenced by consumer preferences for sustainably sourced and environmentally friendly products. As consumers become more conscious of the environmental impact of their choices, there is a higher demand for fishmeal derived from fisheries that adhere to sustainable fishing practices. This preference for sustainability extends not only to the final seafood products but also to the feed ingredients used in aquaculture, contributing to the growth of the fishmeal market.

Many companies operating in the fishmeal industry, as well as those downstream in the aquaculture and food sectors, are incorporating sustainable and responsible sourcing practices into their corporate social responsibility initiatives. This strategic alignment with environmental sustainability not only meets ethical standards but also enhances the reputation and market position of businesses. As a result, there is an increased focus on procuring fishmeal from sources that prioritize sustainable fishing practices. Governments and international bodies are increasingly recognizing the need for sustainable fisheries management. Regulatory frameworks and policy support that encourage sustainable fishing practices contribute to the growth of the global fishmeal market. By incentivizing responsible sourcing and penalizing unsustainable practices, governments play a crucial role in shaping industry behavior and driving the adoption of sustainable fishing methods.

Technological advancements are playing a pivotal role in the growth of the global fishmeal market. Innovations in fishmeal production processes, such as improved rendering techniques, extraction methods, and quality control measures, contribute to the production of higher-quality fishmeal. These advancements not only enhance the nutritional content of the final product but also improve the overall efficiency and sustainability of fishmeal production. Additionally, the application of data analytics, automation, and precision aquaculture technologies is optimizing the formulation of aquafeed, ensuring a balanced and targeted nutritional profile that includes fishmeal.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Fishmeal Market”

The Global Fishmeal Market is segmented into application, end-user, regional distribution, and company.

Based on end-user, the aquaculture category is expected to emerge as the fastest-growing application category for the fishmeal market during the forecast period. This growth is driven by the increasing demand for fish as a protein source in global diets and the rising need for high-quality fishmeal to support the nutritional requirements of farmed fish. As the aquaculture industry expands to meet global food demands, the use of fishmeal in fish farming continues to play a critical role in ensuring efficient growth and health of fish populations.

Based on region, the North America market is poised to be the fastest-growing market, offering lucrative growth opportunities for Fishmeal players during the forecast period. Factors such as the demand for fishmeal are also expected to see steady growth. The shift towards sustainable and responsible sourcing in these regions, driven by consumer preferences and regulatory initiatives, may influence the sourcing of fishmeal from certified fisheries. As aquaculture practices continue to evolve in these regions, the demand for high-quality aquafeed, including fishmeal, is likely to contribute to market growth.

Major companies operating in Global Fishmeal Market are:

• Triplenine Group A/S
• Pesquera Diamante S.A.
• Ff Skagen A/S
• Biomega AS
• Sarma Fish S.A.R.L
• Aker BioMarine Antarctic AS
• Omega Protein Corporation
• Calysta, Inc.
• Novus International Inc.
• Alpha Atlantique 

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“The emphasis on sustainable fishing practices and increasing shift in pet food industry are key drivers of the Fishmeal market. In recent years, The nutritional benefits of fishmeal, including high-quality proteins, amino acids, omega-3 fatty acids, vitamins, and minerals, contribute to its demand in the market. The quest for high-quality animal nutrition to ensure optimal growth and health drives the inclusion of fishmeal in feed formulations. As awareness of the nutritional benefits of fishmeal increases, the demand for this ingredient grows across various animal production sectors. Moreover, the growing consumer emphasis on preventative products has enhanced production and marketing efforts. To meet the demands of the market, manufacturers are increasingly incorporating cutting-edge technologies with high production efficiency. Rising consumer acceptance and continuous product innovation will further ensure the growth of the Fishmeal market in the coming years.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Fishmeal Market – Global Industry Size, Share, Trends, Opportunity, & Forecast Segmented By Application (Fertilizers, Animal Feed), By End-User (Swine, Poultry, Aquaculture, Others), By Region and Competition, 2020-2030F”, has evaluated the future growth potential of Global Fishmeal Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Fishmeal Market.

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