Global demand for fish nutrition is expected to reach a market valuation of US$ 4 billion by the end of the year 2023, accelerating at a CAGR of 3% over the forecast period (2023 to 2033). By the end of the forecast period, a valuation of US$ 5.38 billion is expected for the market. The fish nutrition market is relatively niche and is experiencing utmost and rapid growth, driven by demand for a variety of products required for fishes including fish feed, fish meal, and other fish food supplements. In addition to this, the consumers are increasingly focussing on fish as a source of food. The market is supported by:
improve the quality and sustainability of aquaculture practices
increasing focus on health and wellness
increasing technological advancements in nutrition products
rising concerns about environmental sustainability
ongoing diversification in product portfolios
mindful consumer choices
increasing adoption and consumption of products focusing on fish nutrition
favorable government initiatives for product development
organic and clean-label foods gaining consumers’ trust
outstanding customer and employee experience
North America, followed by Europe, is the major market for fish nutrition, owing to the increased use of fish as a feed ingredient for other livestock, such as poultry and pigs in the region. The USA is the largest market for fish nutrition in the region, followed by Canada, owing to advances in aquaculture practices.
Apart from North America, the Asia-Pacific region is the largest market for fish nutrition, driven by the increasing demand for fish as a source of food and the growth of the aquaculture industry in countries such as China, India, and Thailand. Studies suggest that India's aquaculture exports are mostly based on a single species, but the country's economy is improving, and technological advancements and increased species diversity made 2022 a promising year for the industry. Furthermore, the market is experiencing massive expansion of the retail and foodservice industry and the increasing populations leading to a rise in disposable income are targeted towards massive market development.
Key producers are working on manufacturing fish nutrition in order to gain a greater market share. Domestic and international companies are investing in technology to grow their operations and gain a large share of the market revenue. Some of these companies include Cargill Inc., Alltech Inc., BioMar Group, Skretting, Nutreco N.V., Ridley Corporation Limited, Ewos Group, Tassal Group Limited, Benchmark Holdings plc, and Chinese Agribusiness Group Inc.
The market for fish nutrition is highly competitive, with many companies vying for market share. These companies have a strong presence in the market and are implementing various strategies to gain an advantage, such as emphasizing product quality and pricing, developing new fish nutrition products, and building a strong brand reputation and distribution network. Competition in the market is fierce, with companies competing to offer better product quality, lower prices, stronger brand reputation, and wider distribution network.
For instance, SPAROS launched two new products, ENRICO and WIN WRASSE, as part of its HATCHERY FEEDS range. These products are designed to support optimal performance in marine fish hatcheries for demanding species, which has been a focus of the company's R&D efforts. ENRICO is a balanced, all-in-one nutrition formula for Artemia and Rotifers, rich in DHA and taurine, high in protein, and containing elevated levels of vitamins and minerals. It targets species like Senegalese sole, turbot, halibut, seriola, meagre, seabass, seabream, and Ballan wrasse. WIN WRASSE is a premium weaning microdiet for Ballan wrasse larvae, made with high-quality ingredients using low-shear extrusion and microencapsulated water-soluble nutrients. It is formulated specifically for Ballan wrasse larvae and promotes good growth, survival, and has high digestibility, palatability, and minimal impact on water quality.
Data Points
Key Statistics
Expected Market Value in 2023
US$ 4 billion
Projected Market Value in 2033
US$ 5.38 billion
Growth Rate (2023 to 2033)
CAGR of 3%
The global fish nutrition market is gaining profound acceptance largely owing to its wide range of fish derivatives and nutritional benefits. No single food alone can keep a person healthy and therefore, consumers adopt to good eating habits by including variety of food products in their diet.
The nutrients found in fish are so essential that many national governments and authorities across the world recommend having fish or fish supplements in their diets.
Compared to its counterpart such as the meat and poultry, fish is higher in protein content as well as lower in calories, making it a good juice for loosing or maintain weight. Apart from its high quality protein content, fish derivatives are low in fat and contain a special omega-3 fatty acid used for preventing heart diseases. The fish nutrition market largely relies on the vitamins and minerals present in the seafood.
Fish nutrition is largely associated with the animal feed and aquaculture industry owing to a dominant share of fish meal in the market. Application of fish nutrition in various sectors guarantees a steady growth trajectory for the global fish nutrition market.
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Health Benefits and Product Offerings of Fish Derivatives to Drive the Growth of Global Fish Nutrition Market
The benefits of fish derivatives such as convenience, affordability, and high nutrition value is likely to accelerate the growth of global fish nutrition market. Formulations of fish derivatives to cater to the rising trend of ready-to-eat meals is expected to anticipate the growth of fish nutrition market over the forecast period.
For instance, frozen minced fish has a shelf life of at least 6 months and it can be fortified with additives, moulded into different shapes, and flavoured easily, thereby offering suitable conditions for creating fish sausage, cutlets, cakes, patties, pastes, and other texturized products. Fish nutrition products are consumed for strength development, improving eyesight, and for maintaining hormonal balance in the body.
Fish amino acids are used as an important ingredient in plant/crop nutrition whereas fish meals are widely used in animal feed and aquaculture. Incorporation of fish oil, fish collagen, fish gelatin, fish insulin, and fish squalene in pharmaceuticals and dietary supplements has, therefore, made fish derivatives an essential element in healthcare products.
Thus, owing to numerous health benefits and product offerings, the global fish nutrition market offers a tremendous scope to market players.
Global Fish Nutrition: Key Players
Some of the key players manufacturing fish nutrition are as follows -
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Opportunities for Global Fish Nutrition Market Participants
South Asia and East Asia are expected to dominate the global fish nutrition market over the forecast period. Asia accounts for a sizable percentage of pharmaceutical production as well as production of animal feed. The manufacturers associated with fish nutrition and products should consider operating their businesses in emerging markets by setting up production footprints in Asia and Oceania regions.
Key market players from the North American and European regions are focusing on product launches and carrying out research and development to improve product quality and product offerings. Such factors promotes competitiveness and makes it difficult for new players to establish themselves in the market.
But as the fish nutrition market is highly fragmented, new or emerging players can hold their ground by adopting strategies such as partnerships, collaborations, or mergers.
The Report Covers Exhaustive Analysis on
Fish nutrition market segment
Fish nutrition market dynamics
Fish nutrition market size
Fish nutrition supply and demand
Current trends/issues/challenges pertaining to fish nutrition market
Competition landscape and emerging market participants in fish nutrition market
Technology related to production/processing of fish nutrition
Value chain analysis of the fish nutrition market
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Regional Analysis Includes
North America (USA, Canada)
Latin America (Mexico, Brazil, Rest of Latin America)
Europe (Germany, UK, France, Italy, Spain, BENELUX, Poland, Russia, Nordic, Rest of Europe)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
The fish nutrition market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the fish nutrition market report projects the attractiveness of each major segment over the forecast period.
Global Fish Nutrition: Market Segmentation
Based on Product Type, fish nutrition can be segmented as:
Fish Oil
Fish Collagen
Fish Gelatin
Fish Protein Powder
Fish Protein Isolates
Fish Protein Concentrates
Minced Fish
Canned Fish
Fish Amino Acids
Fish Meal
Fish Paste
Others (Fish Insulin, Fish Squalene)
Based on Application, fish nutrition can be segmented as:
