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.
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.
For detailed market insights: https://www.fortunebusinessinsights.com/fishmeal-and-fish-oil-market-116894
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.
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.
The fishmeal and fish oil market is segmented by source, form, application, and region.
The market includes the following sources: