According to Fortune Business Insights, the global fishmeal and fish oil market was valued at USD 16.25 billion in 2025. The market is projected to grow from USD 17.18 billion in 2026 to USD 28.49 billion by 2034, exhibiting a CAGR of 6.53% during the forecast period (2026–2034). This growth is driven by increasing demand from aquaculture, animal nutrition, dietary supplements, and pharmaceutical applications, along with the rising importance of marine-based nutritional ingredients.
Market overview
Fishmeal and fish oil are key ingredients in global nutrition and feed industries. Fishmeal serves as a highly digestible protein source for aquaculture and livestock production, while fish oil provides concentrated omega-3 fatty acids that support cardiovascular, cognitive, and overall health.
The market is closely linked to the growth of aquaculture, which requires nutritionally balanced feed formulations for fish and shrimp farming. At the same time, increasing consumer awareness regarding omega-3 supplements and functional foods is strengthening demand for high-quality fish oil products.
The industry also benefits from the utilization of seafood processing by-products, which supports resource efficiency and sustainable ingredient production.
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Market trends
One of the major trends in the fishmeal and fish oil market is the rising demand for omega-3-rich nutritional products. Consumers are increasingly seeking dietary supplements and functional foods that provide EPA and DHA for heart health, brain function, and overall wellness.
Another important trend is the expansion of aquaculture production. Fishmeal remains a critical ingredient in aquafeed due to its superior protein quality, amino acid profile, and palatability, making it essential for efficient fish and shrimp farming.
The market is also witnessing increased interest in sustainable sourcing and efficient utilization of marine resources. The use of seafood processing by-products is becoming more significant, helping manufacturers improve resource utilization while supporting environmental sustainability.
Market drivers
The rapid growth of the aquaculture industry is one of the strongest drivers of the fishmeal and fish oil market. Rising seafood consumption worldwide has increased the need for nutritionally balanced aquafeed, creating substantial demand for fishmeal and fish oil.
Growing awareness of omega-3 health benefits is another major factor supporting market expansion. Fish oil is widely used in dietary supplements, functional foods, and pharmaceutical formulations due to its concentrated EPA and DHA content.
In addition, increasing demand for high-quality animal nutrition products is contributing to market growth. Fishmeal provides excellent digestibility and protein quality, making it valuable for livestock, poultry, swine, and pet food applications.
Market segmentation
The fishmeal and fish oil market is segmented by source, form, application, and region.
By source
The market includes the following sources:
Salmon & trout
Marine fish
Carps
Crustaceans
Tilapia
Others
Marine fish remain a major source for fishmeal and fish oil production, while other species contribute to specialized ingredient applications.
By form
The market is segmented into:
Powder
Granules
Liquid
Powder and granule forms are widely used in feed applications, while liquid fish oil is commonly utilized in nutritional, pharmaceutical, and functional food products.
By application
Key application segments include:
Human use
Dietary supplements
Functional foods
Pharmaceuticals
Animal feed
Ruminants
Poultry
Swine
Aquatic animals
Pet food
Fertilizers
The animal feed segment represents a major application area, particularly aquaculture, where fishmeal and fish oil play essential nutritional roles.
Key players
The fishmeal and fish oil market includes companies involved in marine ingredient production, feed nutrition, and omega-3 ingredient manufacturing. Market participants focus on sustainable sourcing, product quality, nutritional innovation, and supply chain optimization.
Manufacturers are investing in processing technologies that improve ingredient quality, preserve omega-3 content, and enhance the nutritional value of fishmeal and fish oil products. The development of specialized formulations for aquaculture, human nutrition, and pharmaceutical applications remains a key strategic focus.
Regional analysis
Asia Pacific
Asia Pacific dominates the fishmeal and fish oil market, accounting for 52% of the global market share in 2025. The region benefits from large-scale aquaculture production, expanding seafood consumption, and strong demand for aquafeed ingredients. Rapid growth in fish farming and aquaculture investment continues to support regional market expansion.
North America
North America represents an important market for fish oil-based dietary supplements, functional foods, and pharmaceutical products. Consumer awareness regarding omega-3 nutrition and health benefits contributes significantly to regional demand.
Europe
Europe maintains strong demand for fishmeal and fish oil in aquaculture, animal nutrition, and nutritional supplement industries. The region also places significant emphasis on sustainable marine resource utilization and high-quality ingredient production.
Rest of the world
Other regions are witnessing growing demand for fishmeal and fish oil as aquaculture production expands and awareness of marine-based nutritional products increases.
Competitive landscape
The fishmeal and fish oil market is characterized by competition based on product quality, sustainable sourcing, processing capabilities, and nutritional performance. Companies are focusing on improving raw material utilization, enhancing omega-3 preservation, and expanding value-added product offerings.
Sustainability has become a major competitive factor, with manufacturers emphasizing responsible marine sourcing, by-product utilization, and environmentally efficient production processes. Investment in research and development is also increasing to support specialized applications in aquaculture, human nutrition, and pharmaceuticals.
Future outlook
The future of the fishmeal and fish oil market appears highly promising due to continued expansion in aquaculture, growing demand for omega-3 nutrition, and increasing utilization of marine-derived ingredients across multiple industries.
Rising global seafood consumption will continue to support aquafeed demand, while the dietary supplement and functional food sectors are expected to create additional opportunities for fish oil manufacturers.
Technological advancements in processing, sustainable sourcing initiatives, and improved resource utilization are likely to strengthen the long-term growth prospects of the global fishmeal and fish oil market through 2034.
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Conclusion
The fishmeal and fish oil market is experiencing steady growth as demand increases across aquaculture, animal nutrition, dietary supplements, functional foods, and pharmaceutical applications. Fishmeal remains a highly valuable protein source for feed production, while fish oil continues to gain importance for its omega-3 nutritional benefits.
With the market projected to reach USD 28.49 billion by 2034, supported by a CAGR of 6.53%, the industry is expected to benefit from expanding aquaculture production, increasing health awareness, and continued innovation in marine ingredient processing and sustainable resource utilization.
Frequently asked questions (FAQs)
What is the projected size of the fishmeal and fish oil market by 2034?
The global fishmeal and fish oil market is projected to reach USD 28.49 billion by 2034.What is the expected CAGR of the fishmeal and fish oil market?
The market is expected to grow at a CAGR of 6.53% during 2026–2034.Which region dominates the fishmeal and fish oil market?
Asia Pacific dominates the market with a 52% share in 2025.What are the major applications of fishmeal and fish oil?
Major applications include animal feed, aquaculture, dietary supplements, functional foods, pharmaceuticals, pet food, and fertilizers.What factors are driving growth in the fishmeal and fish oil market?
Key growth drivers include expanding aquaculture production, rising demand for omega-3 nutritional products, increasing use in animal nutrition, and growing awareness of the health benefits of EPA and DHA.
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