The global fish meal alternative market size reached a valuation of US$ 1,924.2 million in 2023. The expanding nutritional value and wide ranges of applications are projected to be the market's primary growth drivers. The overall sales of fish meal alternative products are projected to grow at a robust CAGR of 7.1% between 2023 and 2033, totaling around US$ 3,674.0 million by the end of 2033.
| Attribute | Details |
|---|---|
| Fish Meal Alternative Market Size (2023) | US$ 1,924.2 million |
| Fish Meal Alternative Market Revenue Forecast (2033) | US$ 3,674.0 million |
| Fish Meal Alternative Market Growth Rate (2023 to 2033) | 7.1% CAGR |
| North America Market Share | 30.1% |
Fish meal alternative solutions are more sustainable and environmentally friendly than traditional fish meals, which are made from small marine fish, cultured fish, and processed fish by-products. The bulk of fish meal alternatives are derived from plant sources, with a smaller proportion derived from non-plant sources such as met industry waste or by-products and microorganisms.
The global preference for sustainable and cost-effective farming is predicted to propel the fish meal alternative industry to an elevated CAGR throughout the forecast period. The Asia Pacific region is expected to dominate the fish meal alternative market since it is the major consumer of all kinds of feeds and preservatives.
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Demands for ethical and substantial food are expected to dominate the fish meal alternative market. With the soaring cost of raw materials required for fish meal production and constricted industrial capacity, manufacturers are looking for alternatives to meet the rising demand for fish meals. Global protein demand is increasing in tandem with population growth, necessitating the use of alternative protein sources; thus, fish meal alternative products are ideal for addressing the mounting concern of food scarcity while also lowering carbon footprint.
The burgeoning population's demand for organic poultry products is stimulating the expansion of the fishmeal substitute market. Plant-based ingredients are regarded as a preferred alternative to fishmeal because they are filled with protein and omega-3 fatty acids and have a high digestibility. Soy products influence the fishmeal substitute market.
Over the forthcoming years, the global fish meal market is anticipated to be restrained by competitive pricing and a lack of awareness.
Principal Consultant
The Asia Pacific region accounts for roughly 90% of global aquaculture products, escalating demand for alternative fishmeal feed ingredients. China is the biggest producer of fishmeal, accounting for approximately 30.1% of global supply, as well as the largest importer. Fish meal is primarily used in the aquaculture industry, which is governed by the Asia Pacific region, which is expected to dominate the global fish meal substitute market.
The Asia-Pacific region is predicted to monopolize the Soy Fortified Products market, due to increasing demand for protein-rich foods, notably in emerging economies such as India and China, which is likely to propel the fish meal alternative market.
North America is expected to capture a significant value share, with Latin America coming in second due to its large agricultural and aquaculture industries. North America is followed by Latin America in terms of value share for the Soy Fortified Products market, with APAC driving the fish meal alternative market.
Furthermore, environmental groups, associations, and government agencies across North America have emphasized the importance of lessening the utilization of fishmeal as feed, notably for seafood aquaculture. Consequently, the popularity of aquaponics seafood will outpace fish meal production, and fish meal alternatives are likely to emerge as viable feed formulas in North America. North America accounts for a market share of 26% of the global fish meal alternative market.
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The Europe region is expected to take the lead in terms of market share due to its substantial meat and dairy industries, as well as a rapid increase in sustainable farming in the region to meet strict EU guidelines. Europe is experiencing a protein shortfall for animal feed, which will influence the plant-based protein market.
Europe is forecast to witness robust growth in the overall soybean meal market owing to an increase in product demand among purchasers because of reduced costs and high nutrient levels in countries such as the United Kingdom and Germany. As a result, these factors are predicted to spur market growth. Europe accounts for 30.1% of the global market for fish meal alternatives.
The organic market is anticipated to expand at a faster pace than the conventional segment due to its more sustainable production process. Because of its lower cost and ease of production, the conventional segment is likely to dominate the global fish meal alternative market in terms of volume share.
Because of its simplicity of production and lower price point in comparison to traditional fish meals, the plant segment is set to dominate the global fish meal alternative market. Furthermore, plant-based fish meal alternatives have been scientifically demonstrated to produce more than traditional fish meal alternatives, which is expected to prompt producers to shift toward them over the forecast period.
Aquaculture, poultry, livestock, and pet food and continues to treat are all sub-segments of the feed segment. Because of the large intensity of consumption from the aquaculture and poultry industries, the feed segment is anticipated to dominate the global fish alternative market over the forecast period.
Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and create a larger customer base. For instance,
Some of the leading fish meal alternative device manufacturers include Al Dahra ACX, Archer Daniels Midland, Angel Yeast Co. Ltd, Cargill Inc., Calysta, Inc., Lallemand Inc., Nutreco N.V, and Alltech.
These key fish meal alternative providers are adopting various strategies such as new product launches and approvals, partnerships, collaborations, acquisitions, mergers, etc. to increase their sales and gain a competitive edge in the global fish meal alternative market. For instance,
| Attribute | Details |
|---|---|
| Projected Market Size (2033) | US$ 3,674.0 million |
| Estimated Growth Rate (2023 to 2033) | 7.1% |
| Forecast Period | 2023 to 2033 |
| Historic Data Available for | 2018 to 2022 |
| Market Analysis | US$ million for Value |
| Report Coverage | Market forecast, company share analysis, competition intelligence, DROT analysis, market dynamics and challenges, and strategic growth initiatives |
| Key Segments Covered |
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| Key regions covered |
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| Key companies profiled | Al Dahra ACX, Archer Daniels Midland, Angel Yeast Co. Ltd, Cargill Inc., Calysta, Inc., Lallemand Inc., Nutreco N.V and Alltech |
| Customization & pricing | Available upon request |
The global market size to reach US$ 1,924.2 million by 2033.
Angel Yeast and Cargill are the top key players.
The growth potential of the global market is 7.1% through 2033
The adoption of alternative products are likely to limit market growth.
The organic segment is highly preferred in the global market.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Type, 2023 to 2033 5.3.1. Organic 5.3.2. Conventional 5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Source, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Source, 2023 to 2033 6.3.1. Plant 6.3.1.1. Peas 6.3.1.2. Lupins 6.3.1.3. Corn 6.3.1.4. Rice 6.3.1.5. Canola 6.3.1.6. Rapeseed 6.3.1.7. Barley 6.3.1.8. Wheat 6.3.2. Animal 6.3.3. Micro-organism 6.4. Y-o-Y Growth Trend Analysis By Source, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Source, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis by Application, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast by Application, 2023 to 2033 7.3.1. Feed 7.3.1.1. Poultry 7.3.1.2. Livestock 7.3.1.3. Pet Food 7.3.1.4. Treats 7.3.2. Fertilizers 7.3.3. Pharmaceuticals 7.3.4. Dietary 7.4. Y-o-Y Growth Trend Analysis by Application, 2018 to 2022 7.5. Absolute $ Opportunity Analysis by Application, 2023 to 2033 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022 8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033 8.3.1. North America 8.3.2. Latin America 8.3.3. Western Europe 8.3.4. Eastern Europe 8.3.5. South Asia and Pacific 8.3.6. East Asia 8.3.7. Middle East and Africa 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. The USA 9.2.1.2. Canada 9.2.2. By Type 9.2.3. By Source 9.2.4. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Type 9.3.3. By Source 9.3.4. By Application 9.4. Key Takeaways 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Type 10.2.3. By Source 10.2.4. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Type 10.3.3. By Source 10.3.4. By Application 10.4. Key Takeaways 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. United Kingdom 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Western Europe 11.2.2. By Type 11.2.3. By Source 11.2.4. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Type 11.3.3. By Source 11.3.4. By Application 11.4. Key Takeaways 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. Poland 12.2.1.2. Russia 12.2.1.3. Czech Republic 12.2.1.4. Romania 12.2.1.5. Rest of Eastern Europe 12.2.2. By Type 12.2.3. By Source 12.2.4. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Type 12.3.3. By Source 12.3.4. By Application 12.4. Key Takeaways 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. India 13.2.1.2. Bangladesh 13.2.1.3. Australia 13.2.1.4. New Zealand 13.2.1.5. Rest of South Asia and Pacific 13.2.2. By Type 13.2.3. By Source 13.2.4. By Application 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Type 13.3.3. By Source 13.3.4. By Application 13.4. Key Takeaways 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. China 14.2.1.2. Japan 14.2.1.3. South Korea 14.2.2. By Type 14.2.3. By Source 14.2.4. By Application 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Type 14.3.3. By Source 14.3.4. By Application 14.4. Key Takeaways 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. South Africa 15.2.1.3. Israel 15.2.1.4. Rest of MEA 15.2.2. By Type 15.2.3. By Source 15.2.4. By Application 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Type 15.3.3. By Source 15.3.4. By Application 15.4. Key Takeaways 16. Key Countries Market Analysis 16.1. USA 16.1.1. Pricing Analysis 16.1.2. Market Share Analysis, 2022 16.1.2.1. By Type 16.1.2.2. By Source 16.1.2.3. By Application 16.2. Canada 16.2.1. Pricing Analysis 16.2.2. Market Share Analysis, 2022 16.2.2.1. By Type 16.2.2.2. By Source 16.2.2.3. By Application 16.3. Brazil 16.3.1. Pricing Analysis 16.3.2. Market Share Analysis, 2022 16.3.2.1. By Type 16.3.2.2. By Source 16.3.2.3. By Application 16.4. Mexico 16.4.1. Pricing Analysis 16.4.2. Market Share Analysis, 2022 16.4.2.1. By Type 16.4.2.2. By Source 16.4.2.3. By Application 16.5. Germany 16.5.1. Pricing Analysis 16.5.2. Market Share Analysis, 2022 16.5.2.1. By Type 16.5.2.2. By Source 16.5.2.3. By Application 16.6. United Kingdom 16.6.1. Pricing Analysis 16.6.2. Market Share Analysis, 2022 16.6.2.1. By Type 16.6.2.2. By Source 16.6.2.3. By Application 16.7. France 16.7.1. Pricing Analysis 16.7.2. Market Share Analysis, 2022 16.7.2.1. By Type 16.7.2.2. By Source 16.7.2.3. By Application 16.8. Spain 16.8.1. Pricing Analysis 16.8.2. Market Share Analysis, 2022 16.8.2.1. By Type 16.8.2.2. By Source 16.8.2.3. By Application 16.9. Italy 16.9.1. Pricing Analysis 16.9.2. Market Share Analysis, 2022 16.9.2.1. By Type 16.9.2.2. By Source 16.9.2.3. By Application 16.10. Poland 16.10.1. Pricing Analysis 16.10.2. Market Share Analysis, 2022 16.10.2.1. By Type 16.10.2.2. By Source 16.10.2.3. By Application 16.11. Russia 16.11.1. Pricing Analysis 16.11.2. Market Share Analysis, 2022 16.11.2.1. By Type 16.11.2.2. By Source 16.11.2.3. By Application 16.12. Czech Republic 16.12.1. Pricing Analysis 16.12.2. Market Share Analysis, 2022 16.12.2.1. By Type 16.12.2.2. By Source 16.12.2.3. By Application 16.13. Romania 16.13.1. Pricing Analysis 16.13.2. Market Share Analysis, 2022 16.13.2.1. By Type 16.13.2.2. By Source 16.13.2.3. By Application 16.14. India 16.14.1. Pricing Analysis 16.14.2. Market Share Analysis, 2022 16.14.2.1. By Type 16.14.2.2. By Source 16.14.2.3. By Application 16.15. Bangladesh 16.15.1. Pricing Analysis 16.15.2. Market Share Analysis, 2022 16.15.2.1. By Type 16.15.2.2. By Source 16.15.2.3. By Application 16.16. Australia 16.16.1. Pricing Analysis 16.16.2. Market Share Analysis, 2022 16.16.2.1. By Type 16.16.2.2. By Source 16.16.2.3. By Application 16.17. New Zealand 16.17.1. Pricing Analysis 16.17.2. Market Share Analysis, 2022 16.17.2.1. By Type 16.17.2.2. By Source 16.17.2.3. By Application 16.18. China 16.18.1. Pricing Analysis 16.18.2. Market Share Analysis, 2022 16.18.2.1. By Type 16.18.2.2. By Source 16.18.2.3. By Application 16.19. Japan 16.19.1. Pricing Analysis 16.19.2. Market Share Analysis, 2022 16.19.2.1. By Type 16.19.2.2. By Source 16.19.2.3. By Application 16.20. South Korea 16.20.1. Pricing Analysis 16.20.2. Market Share Analysis, 2022 16.20.2.1. By Type 16.20.2.2. By Source 16.20.2.3. By Application 16.21. GCC Countries 16.21.1. Pricing Analysis 16.21.2. Market Share Analysis, 2022 16.21.2.1. By Type 16.21.2.2. By Source 16.21.2.3. By Application 16.22. South Africa 16.22.1. Pricing Analysis 16.22.2. Market Share Analysis, 2022 16.22.2.1. By Type 16.22.2.2. By Source 16.22.2.3. By Application 16.23. Israel 16.23.1. Pricing Analysis 16.23.2. Market Share Analysis, 2022 16.23.2.1. By Type 16.23.2.2. By Source 16.23.2.3. By Application 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Type 17.3.3. By Source 17.3.4. By Application 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Al Dahra ACX 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.2. Archer Daniels Midland 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.3. Angel Yeast Co. Ltd 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.4. Cargill Inc. 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.5. Calysta, Inc 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.6. Lallemand Inc. 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.7. Nutreco N.V 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.8. Alltech 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.9. Entofood 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.10. Midwest Ag Enterprises 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
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Fish Meal Alternative Market
