Global Fish Meal Market Outlook
Western Market Research estimates that the Global Fish Meal Market was valued at USD XXXX million in 2025 and is projected to reach USD XXXX million by 2036, registering a CAGR of XX% during the forecast period 2026–2036.
Fish meal is a high-protein feed ingredient produced from whole fish or fish processing by-products. It is widely used in aquaculture, poultry, swine, and specialty animal nutrition due to its superior amino acid profile, digestibility, and omega-3 fatty acid content. The market is closely linked to global trends in animal protein consumption, aquaculture expansion, and sustainable feed formulation.
Market Scope & Research Methodology
The Global Fish Meal Market Report is developed using a robust combination of primary research (industry interviews with producers, traders, feed manufacturers, and regulators) and secondary research (trade data, fisheries statistics, and historical market records).
The study analyzes:
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Fisheries management policies and sustainability regulations
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Competitive landscape and capacity analysis
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Historical production, pricing, and consumption trends
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Technological advancements in fish processing and by-product utilization
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Supply chain risks and raw material availability
Impact of COVID-19 on the Fish Meal Market
The COVID-19 pandemic had a moderate but uneven impact on the fish meal industry:
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Temporary disruptions in fishing activities and port operations
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Logistics constraints affecting international trade
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Short-term demand volatility from aquaculture and livestock sectors
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Faster recovery driven by resilient aquaculture demand and essential feed usage
Post-pandemic, the market stabilized as aquaculture production rebounded and feed manufacturers replenished inventories.
Global Fish Meal Market Segmentation
By Product Type
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Whole Fish Meal
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Semi-Skimmed Fish Meal
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Defatted Fish Meal
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High-Protein Fish Meal
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Organic & Certified Sustainable Fish Meal
By Source
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Anchovy
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Sardine
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Menhaden
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Capelin
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By-products from Fish Processing
By Application
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Aquaculture
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Poultry
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Swine
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Pet Food
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Ruminants & Others
By Distribution Channel
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Direct Sales to Feed Manufacturers
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Traders & Exporters
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Cooperatives & Integrated Producers
Regional Analysis
North America
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Stable demand driven by aquaculture and pet food sectors
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Increasing focus on traceability and sustainability
Europe
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Strong regulatory oversight on fisheries and feed ingredients
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Growing preference for certified and responsibly sourced fish meal
Asia-Pacific
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Largest and fastest-growing consuming region
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High demand from aquaculture in China and Southeast Asia
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Expanding compound feed production
South America
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Key global production hub
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Strong export orientation supporting global supply
Middle East & Africa
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Emerging demand from aquaculture and poultry sectors
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Increasing reliance on imports
Competitive Landscape – Key Market Players
Major companies operating in the Fish Meal Market include:
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Oceana Group Limited
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TripleNine Group A/S
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Empresas Copec S.A.
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Pesquera Diamante S.A.
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Pesquera Hayduk S.A.
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FF Skagen A/S
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Austevoll Seafood ASA
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Biomega AS
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Sardina d.o.o.
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Sarma Fish S.A.R.L
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Aker BioMarine
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TASA
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Omega Protein Corporation
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The Scoular Company
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Calysta
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Unibio A/S
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Novus International Inc.
Competition centers on protein quality, sustainability certification, supply reliability, and pricing.
Porter’s Five Forces Analysis
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Threat of New Entrants: Low to Moderate (capital-intensive, regulatory barriers)
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Bargaining Power of Suppliers: High (dependence on fish catch quotas)
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Bargaining Power of Buyers: High (large feed manufacturers)
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Threat of Substitutes: High (plant proteins, insect meal, microbial proteins)
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Competitive Rivalry: High
SWOT Analysis
Strengths
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High nutritional value and digestibility
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Essential ingredient for aquaculture feeds
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Established global trade infrastructure
Weaknesses
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Dependence on wild fish stocks
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Price volatility linked to fishing seasons
Opportunities
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Certified sustainable fish meal production
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Use of fish processing by-products
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Premium aquaculture feed formulations
Threats
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Expansion of alternative protein sources
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Stricter fisheries regulations
Market Trends
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Increasing demand for sustainably sourced fish meal
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Growth in aquaculture-driven consumption
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Rising use of by-product-based fish meal
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Technological improvements in processing efficiency
Market Drivers
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Expansion of global aquaculture production
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Rising demand for high-quality animal protein
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Superior amino acid profile compared to plant proteins
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Growing pet food industry
Market Challenges
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Fluctuating raw material supply due to fishing quotas
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Environmental and sustainability concerns
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Price competition from alternative feed ingredients
Value Chain Analysis
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Fishing & Raw Material Collection
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Fish Processing & Cooking
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Drying & Grinding
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Quality Control & Certification
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Packaging & Storage
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Distribution to Feed Manufacturers
Strategic Recommendations for Stakeholders
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Invest in sustainable and traceable sourcing practices
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Expand utilization of fish processing by-products
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Diversify markets to reduce regional dependency
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Collaborate with aquaculture feed producers for long-term contracts
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Integrate sustainability certifications to enhance market positioning
1. Market Overview of Fish Meal
1.1 Fish Meal Market Overview
1.1.1 Fish Meal Product Scope
1.1.2 Market Status and Outlook
1.2 Fish Meal Market Size by Regions: 2015 VS 2021 VS 2026
1.3 Fish Meal Historic Market Size by Regions
1.4 Fish Meal Forecasted Market Size by Regions
1.5 Covid-19 Impact on Key Regions, Keyword Market Size YoY Growth
1.5.1 North America
1.5.2 East Asia
1.5.3 Europe
1.5.4 South Asia
1.5.5 Southeast Asia
1.5.6 Middle East
1.5.7 Africa
1.5.8 Oceania
1.5.9 South America
1.5.10 Rest of the World
1.6 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth
1.6.1 Covid-19 Impact: Global GDP Growth, 2019, 2020 and 2021 Projections
1.6.2 Covid-19 Impact: Commodity Prices Indices
1.6.3 Covid-19 Impact: Global Major Government Policy
2. Covid-19 Impact Fish Meal Sales Market by Type
2.1 Global Fish Meal Historic Market Size by Type
2.2 Global Fish Meal Forecasted Market Size by Type
2.3 Whole Fish Meal
2.4 Semi-skimmed Fish Meal
2.5 Defatted Fish Meal
3. Covid-19 Impact Fish Meal Sales Market by Application
3.1 Global Fish Meal Historic Market Size by Application
3.2 Global Fish Meal Forecasted Market Size by Application
3.3 Aquaculture
3.4 Poultry
3.5 Swine
3.6 Others
4. Covid-19 Impact Market Competition by Manufacturers
4.1 Global Fish Meal Production Capacity Market Share by Manufacturers
4.2 Global Fish Meal Revenue Market Share by Manufacturers
4.3 Global Fish Meal Average Price by Manufacturers
5. Company Profiles and Key Figures in Fish Meal Business
5.1 Oceana Group Limited S.A.
5.1.1 Oceana Group Limited S.A. Company Profile
5.1.2 Oceana Group Limited S.A. Fish Meal Product Specification
5.1.3 Oceana Group Limited S.A. Fish Meal Production Capacity, Revenue, Price and Gross Margin
5.2 Triplenine Group A/S
5.2.1 Triplenine Group A/S Company Profile
5.2.2 Triplenine Group A/S Fish Meal Product Specification
5.2.3 Triplenine Group A/S Fish Meal Production Capacity, Revenue, Price and Gross Margin
5.3 Empresas Copec S.A.
5.3.1 Empresas Copec S.A. Company Profile
5.3.2 Empresas Copec S.A. Fish Meal Product Specification
5.3.3 Empresas Copec S.A. Fish Meal Production Capacity, Revenue, Price and Gross Margin
5.4 Pesquera Diamante S.A.
5.4.1 Pesquera Diamante S.A. Company Profile
5.4.2 Pesquera Diamante S.A. Fish Meal Product Specification
5.4.3 Pesquera Diamante S.A. Fish Meal Production Capacity, Revenue, Price and Gross Margin
5.5 Pesquera Hayduk S.A.
5.5.1 Pesquera Hayduk S.A. Company Profile
5.5.2 Pesquera Hayduk S.A. Fish Meal Product Specification
5.5.3 Pesquera Hayduk S.A. Fish Meal Production Capacity, Revenue, Price and Gross Margin
5.6 Ff Skagen A/S
5.6.1 Ff Skagen A/S Company Profile
5.6.2 Ff Skagen A/S Fish Meal Product Specification
5.6.3 Ff Skagen A/S Fish Meal Production Capacity, Revenue, Price and Gross Margin
5.7 Austevoll Seafood ASA
5.7.1 Austevoll Seafood ASA Company Profile
5.7.2 Austevoll Seafood ASA Fish Meal Product Specification
5.7.3 Austevoll Seafood ASA Fish Meal Production Capacity, Revenue, Price and Gross Margin
5.8 Biomega AS
5.8.1 Biomega AS Company Profile
5.8.2 Biomega AS Fish Meal Product Specification
5.8.3 Biomega AS Fish Meal Production Capacity, Revenue, Price and Gross Margin
5.9 Sardina D.O.O.
5.9.1 Sardina D.O.O. Company Profile
5.9.2 Sardina D.O.O. Fish Meal Product Specification
5.9.3 Sardina D.O.O. Fish Meal Production Capacity, Revenue, Price and Gross Margin
5.10 Sarma Fish S.A.R.L
5.10.1 Sarma Fish S.A.R.L Company Profile
5.10.2 Sarma Fish S.A.R.L Fish Meal Product Specification
5.10.3 Sarma Fish S.A.R.L Fish Meal Production Capacity, Revenue, Price and Gross Margin
5.11 Pioneer Fishing Pty Ltd.
5.11.1 Pioneer Fishing Pty Ltd. Company Profile
5.11.2 Pioneer Fishing Pty Ltd. Fish Meal Product Specification
5.11.3 Pioneer Fishing Pty Ltd. Fish Meal Production Capacity, Revenue, Price and Gross Margin
5.12 Aker BioMarine Antarctic AS
5.12.1 Aker BioMarine Antarctic AS Company Profile
5.12.2 Aker BioMarine Antarctic AS Fish Meal Product Specification
5.12.3 Aker BioMarine Antarctic AS Fish Meal Production Capacity, Revenue, Price and Gross Margin
5.13 TASA
5.13.1 TASA Company Profile
5.13.2 TASA Fish Meal Product Specification
5.13.3 TASA Fish Meal Production Capacity, Revenue, Price and Gross Margin
5.14 Omega Protein Corporation
5.14.1 Omega Protein Corporation Company Profile
5.14.2 Omega Protein Corporation Fish Meal Product Specification
5.14.3 Omega Protein Corporation Fish Meal Production Capacity, Revenue, Price and Gross Margin
5.15 The Scoular Company
5.15.1 The Scoular Company Company Profile
5.15.2 The Scoular Company Fish Meal Product Specification
5.15.3 The Scoular Company Fish Meal Production Capacity, Revenue, Price and Gross Margin
5.16 Calysta
5.16.1 Calysta Company Profile
5.16.2 Calysta Fish Meal Product Specification
5.16.3 Calysta Fish Meal Production Capacity, Revenue, Price and Gross Margin
5.17 Inc.
5.17.1 Inc. Company Profile
5.17.2 Inc. Fish Meal Product Specification
5.17.3 Inc. Fish Meal Production Capacity, Revenue, Price and Gross Margin
5.18 Unibio A/S
5.18.1 Unibio A/S Company Profile
5.18.2 Unibio A/S Fish Meal Product Specification
5.18.3 Unibio A/S Fish Meal Production Capacity, Revenue, Price and Gross Margin
5.19 Novus International Inc.
5.19.1 Novus International Inc. Company Profile
5.19.2 Novus International Inc. Fish Meal Product Specification
5.19.3 Novus International Inc. Fish Meal Production Capacity, Revenue, Price and Gross Margin
5.20 Animalfeeds International Corporation
5.20.1 Animalfeeds International Corporation Company Profile
5.20.2 Animalfeeds International Corporation Fish Meal Product Specification
5.20.3 Animalfeeds International Corporation Fish Meal Production Capacity, Revenue, Price and Gross Margin
5.21 Alpha Atlantique
5.21.1 Alpha Atlantique Company Profile
5.21.2 Alpha Atlantique Fish Meal Product Specification
5.21.3 Alpha Atlantique Fish Meal Production Capacity, Revenue, Price and Gross Margin
6. North America
6.1 North America Fish Meal Market Size
6.2 North America Fish Meal Key Players in North America
6.3 North America Fish Meal Market Size by Type
6.4 North America Fish Meal Market Size by Application
7. East Asia
7.1 East Asia Fish Meal Market Size
7.2 East Asia Fish Meal Key Players in North America
7.3 East Asia Fish Meal Market Size by Type
7.4 East Asia Fish Meal Market Size by Application
8. Europe
8.1 Europe Fish Meal Market Size
8.2 Europe Fish Meal Key Players in North America
8.3 Europe Fish Meal Market Size by Type
8.4 Europe Fish Meal Market Size by Application
9. South Asia
9.1 South Asia Fish Meal Market Size
9.2 South Asia Fish Meal Key Players in North America
9.3 South Asia Fish Meal Market Size by Type
9.4 South Asia Fish Meal Market Size by Application
10. Southeast Asia
10.1 Southeast Asia Fish Meal Market Size
10.2 Southeast Asia Fish Meal Key Players in North America
10.3 Southeast Asia Fish Meal Market Size by Type
10.4 Southeast Asia Fish Meal Market Size by Application
11. Middle East
11.1 Middle East Fish Meal Market Size
11.2 Middle East Fish Meal Key Players in North America
11.3 Middle East Fish Meal Market Size by Type
11.4 Middle East Fish Meal Market Size by Application
12. Africa
12.1 Africa Fish Meal Market Size
12.2 Africa Fish Meal Key Players in North America
12.3 Africa Fish Meal Market Size by Type
12.4 Africa Fish Meal Market Size by Application
13. Oceania
13.1 Oceania Fish Meal Market Size
13.2 Oceania Fish Meal Key Players in North America
13.3 Oceania Fish Meal Market Size by Type
13.4 Oceania Fish Meal Market Size by Application
14. South America
14.1 South America Fish Meal Market Size
14.2 South America Fish Meal Key Players in North America
14.3 South America Fish Meal Market Size by Type
14.4 South America Fish Meal Market Size by Application
15. Rest of the World
15.1 Rest of the World Fish Meal Market Size
15.2 Rest of the World Fish Meal Key Players in North America
15.3 Rest of the World Fish Meal Market Size by Type
15.4 Rest of the World Fish Meal Market Size by Application
16 Fish Meal Market Dynamics
16.1 Covid-19 Impact Market Top Trends
16.2 Covid-19 Impact Market Drivers
16.3 Covid-19 Impact Market Challenges
16.4 Porter
Global Fish Meal Market Segmentation
By Product Type
-
Whole Fish Meal
-
Semi-Skimmed Fish Meal
-
Defatted Fish Meal
-
High-Protein Fish Meal
-
Organic & Certified Sustainable Fish Meal
By Source
-
Anchovy
-
Sardine
-
Menhaden
-
Capelin
-
By-products from Fish Processing
By Application
-
Aquaculture
-
Poultry
-
Swine
-
Pet Food
-
Ruminants & Others
By Distribution Channel
-
Direct Sales to Feed Manufacturers
-
Traders & Exporters
-
Cooperatives & Integrated Producers
