- Industry Size (2026)
- USD 9.2 Bn
- Forecast (2036)
- USD 19.1 Bn
- CAGR (2026 to 2036)
- 6.8%
Fishmeal and Fish Oil Market Size, Market Forecast and Outlook By FMI
The fishmeal and fish oil market is expected to expand from USD 9.9 billion in 2026 to USD 19.1 billion by 2036. The market is projected to register a 6.8% CAGR during the forecast period. Marine fish is anticipated to lead source with a 60.0% share, while fishmeal is likely to account for 55.6% share of product revenue in 2026.
Summary of the Fishmeal and Fish Oil Market
- Aquafeed Demand and Growth Drivers
- Aquafeed production is expected to support fishmeal and fish oil demand as fish and shrimp farming expands.
- Omega-3 nutrition is likely to increase fish oil use across refined supplements and clinical nutrition products.
- By-product sourcing is anticipated to gain relevance as whole-fish availability remains tied to quota and landing cycles.
- Source and Segment View
- Marine fish is expected to lead the source segment because large processors need steady whole-fish intake for industrial output.
- Fishmeal is likely to remain the main product base as aquafeed producers use marine protein in dense feed formulations.
- Omega-3 grade oil is anticipated to strengthen value realization as nutrition applications require tighter purity standards.
- Geography and Competitive Outlook
- China is expected to lead country-level growth due to aquaculture-linked demand and marine ingredient processing depth.
- Chile is likely to record strong expansion as export-oriented aquaculture supports meal and oil consumption.
- Suppliers with stronger traceability and reliable raw material access are anticipated to strengthen their position with feed buyers.
- Analyst Opinion
- Nandini Roy Choudhury, Principal consultant for Food and Beverage at FMI, suggests, “The fishmeal and fish oil market is likely to shift toward supply-secure marine ingredient systems that balance aquafeed volume with higher-value omega-3 applications. Processors with raw material access, refining capability, and stronger documentation are expected to gain advantage as buyers place more weight on continuity and traceability.”
- Fishmeal and Fish Oil Market Value Analysis
- The fishmeal and fish oil market is moving from bulk marine ingredient supply into a more traceability-led feed and nutrition category.
- Demand is likely to rise as aquafeed producers continue using marine protein and oil in performance-oriented formulations.
- Adoption is expected to increase where refined fish oil supports supplements, pet nutrition, and clinical nutrition products.
- Spending is anticipated to be supported by aquaculture expansion, omega-3 refining, and stronger use of processing by-products.
Fishmeal And Fish Oil Market Key Takeaways
| Parameter | Details |
|---|---|
| Market Value (2026) | USD 9.9 billion |
| Forecast Value (2036) | USD 19.1 billion |
| CAGR (2026 to 2036) | 6.8% |
| Estimated Market Value (2025) | USD 8.8 billion |
| Incremental Opportunity | USD 9.2 billion |
| Leading Source | Marine Fish at 60.0% share of source segment |
| Leading Product | Fishmeal at 55.6% share of product segment |
| Leading Grade | Omega-3 Grade at 43.5% share of grade segment |
| Leading Application | Aquafeed at 28.0% share of application segment |
| Leading Channel | Feed Mills at 26.0% share of channel segment |
| Leading Feed Destination | Aquafeed at 35.9% share of feed destination segment |
| Leading Health Use | Supplements at 32.4% share of health use segment |
| Key Players | Tecnológica de Alimentos S.A. (TASA), Scoular, Corpesca S.A., Copeinca (Cooke Inc.), Colpex International SAC, Austevoll Seafood ASA, TripleNine Group |
Source: Future Market Insights, 2026
Aquafeed manufacturers create the largest volume pull because fishmeal and fish oil stay embedded in nutrient-dense feed formulations. Omega-3 refiners support the higher-value side of the market because refined oils serve supplement and nutrition uses with tighter specifications than bulk tonnage. By-product sourcing is gaining commercial weight because whole-capture raw material is finite. Processors need this added continuity outside peak landing windows.
China is projected to lead the tracked markets at 7.8% CAGR. Chile follows at 7.0% while the United States matches the global average at 6.8%. France posts 5.4%. Germany reaches 5.2%. The United Kingdom advances at 5.1% and Japan reaches 5.0%. Commercial advantage is moving toward suppliers that pair raw material access with reliable traceability for aquafeed buyers and omega-3 processors.
Fishmeal And Fish Oil Market Definition
The fishmeal and fish oil market covers marine ingredient products made from whole forage fish and fish-processing by-products. These products are traded across aquafeed and pet food. They also serve livestock feed and supplements. Clinical nutrition and agriculture form additional end uses.
Fishmeal And Fish Oil Market Inclusions
Market scope includes fishmeal and fish oil sold by source, product, grade, application, channel, feed destination, and health use. Source coverage includes Marine Fish and By-products. Product coverage includes Fishmeal and Fish Oil. Grade coverage includes Omega-3 Grade and Fertilizer Grade. Custom Inputs are included in the same grade structure. Application coverage includes Aquafeed and Pet Food. Livestock Feed, Supplements, Clinical Nutrition, Agriculture, and Integrated Feed are also included. Channel coverage includes Feed Mills and Direct Sales. Distributors, Retail, Specialty, Online, and B2B Contracts are also covered. Revenue sizing covers the 2026 to 2036 forecast period.
Fishmeal And Fish Oil Market Exclusions
Scope excludes algae oils and krill oil. It also excludes plant protein concentrates and marine protein hydrolysates outside fishmeal classification. Unrelated seafood derivatives not sold as fishmeal or fish oil are outside the market scope.
Fishmeal And Fish Oil Market Research Methodology
- Primary Research: FMI analysts conducted interviews with marine ingredient processors and aquafeed formulators across Peru and Chile. Additional interviews covered China. Europe and North America were also included in the review.
- Desk Research: Data collection used FAO and IFFO sources. EUMOFA, NOAA Fisheries, company sustainability reports, and peer-reviewed studies were also reviewed to establish baseline parameters.
- Market Sizing and Forecasting: Baseline values derive from a bottom-up aggregation of category revenue anchors, applying segment adoption logic and country growth rates to project demand through 2036.
- Data Validation and Update Cycle: Projections are tested against trade releases and production disclosures. Company reporting is used in the same quarterly refresh cycle.
Why is the Fishmeal And Fish Oil Market Growing?
- Marine Fish is projected to account for 60.0% of the source segment in 2026 because large-scale fishmeal and crude fish oil production starts with steady whole-fish supply.
- China is expected to lead country growth at 7.8% CAGR through 2036 because aquaculture expansion and marine ingredient processing activity keep demand moving at a faster pace.
- TASA remains an important supplier in fishmeal and fish oil. Its position across crude oil and refined omega-3 supply supports visible activity in feed and nutrition applications.
Demand expansion comes from a mix of volume uses and value-added oil applications. Aquafeed producers anchor the largest offtake base because fishmeal and fish oil remain relevant in performance-oriented feed formulations. Pet nutrition manufacturers add a second layer of demand because marine oils support omega positioning in companion animal diets. Supplement manufacturers support pricing on the oil side because refined EPA and DHA formats carry higher unit value than bulk feed oils. By-product sourcing is becoming more important because processors need raw material continuity when whole-capture supply tightens. Category growth is moderated by substitution work in aquafeed. Quota-linked landings can also change raw material availability within a season. Commercial advantage depends less on pure tonnage and more on the ability to secure supply contracts without quality variance.
Segmental Analysis
- Marine Fish is projected to account for 60.0% of the source segment in 2026 as large processors need steady whole-fish intake for high-volume meal and crude oil production.
- Fishmeal is expected to contribute 55.6% of the product segment in 2026 since aquaculture feed producers use marine protein in dense feed formulations for fish and shrimp farming.
- Omega-3 Grade is set to lead the grade segment with 43.5% share in 2026 as supplement and nutrition demand supports refined fish oil with tighter purity standards.
- Aquafeed is projected to account for 28.0% of the application segment in 2026 since fish and shrimp farming absorbs the largest volume of marine ingredients across listed uses.
- Feed Mills are likely to hold 26.0% of the channel segment in 2026 as industrial feed plants place repeat bulk orders and require uniform lot quality across production runs.
- Aquafeed is expected to represent 35.9% of the feed destination segment in 2026 since fish and shrimp feed takes the largest share of downstream marine ingredient use.
- Supplements are projected to account for 32.4% of the health use segment in 2026 as refined fish oil is widely used in nutrition products sold on purity and source quality.
The fishmeal and fish oil market is segmented by source, product, grade, application, channel, feed destination, and health use. Source includes Marine Fish and By-products. Product includes Fishmeal and Fish Oil. Grade covers Omega-3 Grade and Fertilizer Grade. Custom Inputs are included in the same grade structure. Application spans Aquafeed and Pet Food. Livestock Feed, Supplements, Clinical Nutrition, Agriculture, and Integrated Feed are also covered. Channel includes Feed Mills and Direct Sales. Distributors, Retail, Specialty, Online, and B2B Contracts are also included. Feed destination includes Aquafeed and Pet Food. Livestock Feed, Agriculture, and Integrated Feed complete the destination split. Health use includes Supplements and Clinical Nutrition. Omega-3 Grade and Custom Inputs are listed within this section. Marine Fish and Fishmeal lead this structure because raw material intake and feed volume shape the largest share of market activity.
Insights into the Marine Fish Source Segment
Marine Fish is projected to account for 60.0% of the source segment in 2026 as large processors need steady whole-fish intake for high-volume meal and crude oil production. This source stream supports plant utilization at industrial scale and aligns with long-running fishing and processing systems. By-product supply adds support to the category with whole-fish intake leading in output planning.
Insights into the Fishmeal Product Segment
Product leadership is led by heavy use across feed programs rather than premium pricing. Meal keeps the larger tonnage base as fish oil contributes to nutrition and specialty uses. Fishmeal is expected to contribute 55.6% of the product segment in 2026 since aquaculture feed producers use marine protein in dense feed formulations for fish and shrimp farming.
Insights into the Omega-3 Grade Segment
Omega-3 Grade is projected to lead the grade segment with 43.5% share in 2026 as supplement and nutrition demand supports refined fish oil with tighter purity standards. Higher-specification oil attracts better pricing than fertilizer-oriented output. Suppliers with refining depth and cleaner documentation hold an advantage in this segment.
Insights into the Aquafeed Application Segment
Aquafeed sets the main volume base in this market. Pet food and nutrition uses add value, but they do not match aquaculture volume. Aquafeed is expected to account for 28.0% of the application segment in 2026 since fish and shrimp farming absorbs the largest volume of marine ingredients across listed uses. This segment keeps meal and oil demand tied to aquaculture feed cycles.
Insights into the Feed Mills Channel Segment
Feed Mills are projected to hold 26.0% of the channel segment in 2026 as industrial feed plants place repeat bulk orders and require uniform lot quality across production runs. This route supports regular offtake and steady shipment schedules. Smaller sales routes influence distribution, as mills keep the lead in channel share.
Insights into the Aquafeed Feed Destination Segment
Pet food and livestock feed add balance to the market, but aquafeed remains the main outlet. Aquafeed is expected to represent 35.9% of the feed destination segment in 2026 since fish and shrimp feed takes the largest share of downstream marine ingredient use. This pattern keeps end-use demand closely tied to aquaculture output.
Insights into the Supplements Health Use Segment
Supplements are projected to account for 32.4% of the health use segment in 2026 as refined fish oil is widely used in nutrition products sold on purity and source quality. This side of the market is shaped more by specification and formulation standards than by bulk tonnage. Suppliers with refining capability and cleaner documentation are in a stronger position here.
What are the Drivers, Restraints, and Key Trends of the Fishmeal And Fish Oil Market?
- Aquaculture remains the largest demand sink for fishmeal and fish oil, which keeps marine ingredient consumption concentrated in feed applications.
- By-product sourcing is becoming more important because whole-capture raw material is finite and continuity is important in price-sensitive feed chains.
- Fish oil demand is supported by supplement and nutrition uses where refined EPA and DHA formats carry higher commercial value.
Commercial demand is supported by aquafeed volume and higher-value fish oil uses. Aquafeed producers provide the largest base because marine meal and oil retain nutritional relevance in aquatic feed formulations. Supplement manufacturers strengthen oil demand because refined omega-3 formats carry better value than crude feed oils. Restraints are tied to quota cycles and landing volatility.. Price swings become harder to absorb when raw fish access tightens. Product mix is moving toward better use of by-products. It is also moving toward more refined oil output where documentation supports nutrition contracts.
Trade Flow and Import-Export Analysis
Trade flows in the fishmeal and fish oil market are concentrated in a small number of export corridors. Peru acts as the main swing origin for internationally traded volumes. Peru’s official trade releases show that fishmeal export volumes rose 118.5% year on year in January 2025. The same series shows gains of 124.1% in March 2025 and 199.0% in September 2025. Fish oil export volumes increased 26.4% in January 2025. They rose 149.6% in March 2025 and 13.4% in August 2025. This pattern shows how cross-border movement responds to seasonal landings, quota timing, and shipment scheduling.
Buyer Identification and Procurement Structure Analysis
Aquafeed manufacturers, porciculture feed producers, and omega-3 ingredient processors account for the main sourcing base in this market. Contract buying is therefore specification-led instead of purely price-led. TASA’s 2025 report illustrates this structure. The company positions marine ingredients mainly for aquaculture and porciculture. It sold 316,716 tonnes of fishmeal and exported 31,910 tonnes of aqua and omega oil. The same report states that 77% of exports went to China. Supplier selection depends on quality consistency and traceability. Reliable volume fulfillment carries equal weight in large contracts. TASA’s addition of two fishing vessels in 2025 strengthens supply continuity and supports contract buying in a seasonally volatile market.
Analysis of Fishmeal And Fish Oil Market by Key Countries
- Western Europe and Japan expand at lower rates because commercial demand is more mature and more tied to specification-led nutrition uses.
- China is poised to lead the key countries at 7.8% CAGR through 2036 because aquaculture-linked demand and processing depth support faster scaling.
- Chile and the United States offer two different growth paths. Chile benefits from export-oriented feed economics while the United States draws from feed, pet nutrition, and supplement uses.
- East Asia holds the strongest growth bias in this group while Western Europe posts steadier expansion shaped by regulation and value-added formulation demand.
.webp "Top Country Growth Comparison Fishmeal And Fish Oil Market Cagr (2026 2036)")
| Country | CAGR |
|---|---|
| China | 7.8% |
| Chile | 7.0% |
| United States | 6.8% |
| France | 5.4% |
| Germany | 5.2% |
| United Kingdom | 5.1% |
| Japan | 5.0% |
Source: Future Market Insights, 2026
Fishmeal and fish oil market demand is projected to grow globally at a CAGR of 6.8% through 2036. China is projected to lead at 7.8% CAGR because aquaculture-linked demand and marine ingredient processing depth support faster expansion. Chile follows at 7.0% CAGR and reflects export-oriented feed economics with strong marine ingredient relevance. The United States matches the global average at 6.8% CAGR through a broader mix of feed, pet nutrition, and supplement demand. France is anticipated to record 5.4% CAGR. Germany is likely to post 5.2% CAGR. The United Kingdom advances at 5.1% CAGR. Japan is expected to rise at 5.0% CAGR and reflects a mature market where specification and value-added nutrition matter more than rapid volume gain.
Demand Outlook for Fishmeal and Fish Oil in China
The market in China is expected to expand at 7.8% CAGR through 2036 as aquaculture feed demand stays high and marine ingredient processing supports strong use of meal and oil across large feed programs. Imported supply and domestic processing together keep market activity firm through the year. Fast aquaculture output and active feed production keep China ahead of the other tracked countries.
- Aquaculture feed demand supports high-volume usage.
- Processing scale helps absorb imported and local supply.
- Active feed production keeps growth above the global pace.
Future Outlook for Fishmeal and Fish Oil in Chile
Industry development in Chile for the product is projected to grow at 7.0% CAGR through 2036 as marine ingredient processing and export-linked aquaculture activity keep fishmeal and fish oil demand on a stronger path than in mature Western markets. Meal and oil use stays closely linked to aquaculture and export activity. This structure keeps Chile above the global average through the forecast period.
- Export-linked aquaculture activity supports market expansion.
- Marine ingredient processing keeps local demand active.
- Strong linkage with fish farming lifts growth pace.
In-depth Analysis of Fishmeal And Fish Oil in the United States
The industry scale in United States is forecast to post 6.8% CAGR through 2036 as feed demand along with pet nutrition use, and supplement sales create a balanced growth base across fishmeal and fish oil applications. The market grows in line with the global average instead of moving sharply above it. Bulk feed use and higher-value oil applications support this steady pace together.
- Feed demand supports the main volume base.
- Pet nutrition adds another stable use area.
- Supplement sales strengthen the value side of demand.
Sales Outlook for Fishmeal and Fish Oil in France
Established demand patterns and product quality focus shape a slower rise through the forecast period. Volume growth is positive even with the pace being below the global average. Adoption of the sector in France is expected to advance at 5.4% CAGR through 2036 as fish oil use in nutrition products and a mature market structure keep expansion steady instead of fast.
- Nutrition product use supports steady sales.
- Mature market structure keeps growth moderate.
- Product quality focus limits fast volume expansion.
Industry Analysis of Fishmeal And Fish Oil in Germany
Industry expansion in Germany is projected to expand at 5.2% CAGR through 2036 as quality standards and formulated nutrition use support stable demand across fishmeal and fish oil categories. Growth is measured because this is an established market with slower volume increase than countries having established markets for aquaculture. Product accuracy and controlled formulation use shape the pace of expansion.
- Quality standards support stable market activity.
- Formulated nutrition use keeps demand consistent.
- Slower volume increase keeps CAGR below the global level.
Future Outlook for Fishmeal And Fish Oil in the United Kingdom
Established market conditions and a stronger focus on product quality keep the pace below faster-growing countries. Demand growth for the market in United Kingdom is likely to record 5.1% CAGR through 2036 as value-added nutrition use and feed applications support a steady industry outlook across the category. Growth is positive with a gradual rise in volume.
- Nutrition use supports steady demand.
- Feed applications add a stable sales base.
- Established market conditions keep growth gradual.
Demand Outlook for Fishmeal And Fish Oil in Japan
Growth of the sector in Japan is expected to rise at 5.0% CAGR through 2036 as mature nutrition use and tighter product standards keep expansion measured across fishmeal and fish oil demand. The market grows at the slowest pace in this country set because volume gains are modest. Value-added use supports sales, though industrial tonnage does not rise quickly.
- Mature nutrition use supports stable demand.
- Tighter product standards keep growth measured.
- Modest volume gains hold CAGR at the lower end.
Competitive Landscape of Fishmeal And Fish Oil Market
- Peru and Chile anchor competitive strength through raw material access and industrial processing scale.
- Refined fish oil capability creates a second layer of advantage for suppliers serving nutrition and supplement channels.
- Route-to-market strength is significant because feed manufacturers and omega-3 ingredient processors prioritize continuity and documentation. Lot consistency carries the same commercial weight.
Competition in this market is shaped by supply access before brand visibility. Large marine ingredient suppliers with fishing rights and plant assets can control meal and crude oil output more effectively. Export routes strengthen that position. Refining capability changes the ranking on the oil side because supplement and nutrition contracts demand more than bulk commodity supply. Traceability and certification can influence value capture when similar raw material streams compete for premium channels.
Scale is strongest in Peru and Chile where processing depth and quota-linked supply are important. Traders and distributors extend reach in markets where local production is narrower. Specialists with concentrated oil capability can compete effectively without matching meal scale when they serve supplement or functional nutrition routes. Competitive pressure is rising around supply reliability because contract buyers cannot absorb repeated raw material disruptions.
Major Industry Players
- TASA, Austevoll Seafood ASA, Copeinca (Cooke Inc.), FF Skagen A/S, and TripleNine Group form the upper tier on scale and in-scope marine ingredient breadth.
- Omega Protein and Pesquera Hayduk hold strong operating positions through integrated processing and established product lines.
- Corpesca S.A., Pesquera Diamante S.A., and Colpex International SAC carry narrower but commercially relevant positions tied to fishmeal, crude oil, or refined oil specialization.
Competitive Benchmarking: Fishmeal And Fish Oil Market
| Company | In-scope Portfolio Breadth | Processing Integration | Quality & Traceability Infrastructure | Geographic Footprint |
|---|---|---|---|---|
| TASA | High | High | Strong | Multi-region |
| Pelagia (Austevoll Seafood ASA) | High | High | Strong | Global |
| Copeinca (Cooke Inc.) | Medium | High | Moderate | Multi-region |
| FF Skagen A/S | High | Medium | Strong | Global |
| TripleNine Group | Medium | Medium | Moderate | Multi-region |
| Omega Protein (Cooke Inc.) | Medium | High | Moderate | Regional |
| Pesquera Hayduk S.A. | Medium | High | Moderate | Country-focused |
| Pesquera Diamante S.A. | Medium | Medium | Strong | Country-focused |
| Corpesca S.A. | Low | Medium | Moderate | Country-focused |
| Colpex International SAC | Low | Medium | Moderate | Regional |
Source: Future Market Insights competitive analysis, 2026. Ratings reflect relative positioning based on portfolio breadth, processing integration, and quality & traceability infrastructure.
Key Developments in Fishmeal And Fish Oil Market
- In May 2025, Pesquera Hayduk announced the acquisition of an anchoveta processing plant in Tambo de Mora.
- In May 2025, Cooke’s official newsletter highlighted Copeinca as part of the Cooke group and stated that the company holds 15.9% of Peru’s national anchovy quota, processes about 21% of the country’s total catch, and has annual production of approximately 200,000 MT of fishmeal and 23,000 MT of fish oil.
- In May 2025, Austevoll Seafood reported stronger fishmeal and fish oil sales from its Peru operation versus Q1 2024. The exact tonnage figures should be checked against the official Q1 2025 filing before final publication.
Key Players in the Fishmeal And Fish Oil Market
Major Global Players
- Tecnológica de Alimentos S.A. (TASA)
- Austevoll Seafood ASA
- Copeinca (Cooke Inc.)
- FF Skagen A/S
- TripleNine Group
- Scoular
- Omega Protein (Cooke Inc.)
Emerging Players / Specialists
- Corpesca S.A.
- Colpex International SAC
- Pesquera Hayduk S.A.
- Pesquera Diamante S.A.
Scope of the Report
| Metric | Value |
|---|---|
| Quantitative Units | USD 8.8 billion (2025) to USD 19.1 billion (2036), at a CAGR of 6.8% |
| Market Definition | The fishmeal and fish oil market comprises marine ingredient products produced from whole forage fish and fish-processing by-products. These products are sold into aquafeed and pet food. They also serve livestock feed and supplements. Clinical nutrition, agriculture, and related commercial uses are included within the market scope. |
| Segmentation |
|
| Regions Covered | North America, Latin America, Europe, and East Asia |
| Countries Covered | China, Chile, United States, Japan, France, Germany, and United Kingdom |
| Key Companies Profiled | Tecnológica de Alimentos S.A. (TASA), Scoular, Corpesca S.A., Copeinca (Cooke Inc.), Colpex International SAC, Austevoll Seafood ASA, TripleNine Group, and other regional suppliers |
| Forecast Period | 2026 to 2036 |
| Approach | Hybrid bottom-up and top-down methodology using verified marine ingredient production activity and trade flow assessment. Adoption modeling covers source, product, grade, application, channel, feed destination, and health use. The approach is supported by primary interviews and secondary industry data |
Source: Future Market Insights, 2026
Fishmeal And Fish Oil Market by Segments
Fishmeal And Fish Oil Market segmented as Source:
- Marine Fish
- By-products
Fishmeal And Fish Oil Market classified by Product:
- Fishmeal
- Fish Oil
Fishmeal And Fish Oil Market analyzed by Grade:
- Omega-3 Grade
- Fertilizer Grade
- Custom Inputs
Fishmeal And Fish Oil Market segmented as Application:
- Aquafeed
- Pet Food
- Livestock Feed
- Supplements
- Clinical Nutrition
- Agriculture
- Integrated Feed
Fishmeal And Fish Oil Market classified by Channel:
- Feed Mills
- Direct Sales
- Distributors
- Retail
- Specialty
- Online
- B2B Contracts
Fishmeal And Fish Oil Market analyzed by Feed Destination:
- Aquafeed
- Pet Food
- Livestock Feed
- Agriculture
- Integrated Feed
Fishmeal And Fish Oil Market segmented as Health Use:
- Supplements
- Clinical Nutrition
- Omega-3 Grade
- Custom Inputs
Fishmeal And Fish Oil Market by Region and Country:
- North America
- East Asia
- Western Europe
- Latin America
Bibliography
- Instituto Nacional de Estadística e Informática. (2025, March 12). Total volume exported of traditional products increased 30.9 % in January of 2025. Plataforma del Estado Peruano.
- Cooke Inc. (2025, May 29). Welcome Copeinca!. In Cooke Newsletter Winter 2025.
- Austevoll Seafood ASA. (2025, April 30). Annual report 2024.
- Pesquera Hayduk. (2025, October). Hayduk strengthens its growth with the acquisition of a new plant in Tambo de Mora.
- Austevoll Seafood ASA. (2025, May 14). Financial report Q1 2025.
- Food and Agriculture Organization of the United Nations. (2024, December 9). Quarterly Fishmeal and fish oil analysis - December 2024.
- IFFO - The Marine Ingredients Organization. (2025). IFFO’s estimates for 2024’s fishmeal and fish oil production.
- European Market Observatory for Fisheries and Aquaculture Products. (2025). FISHMEAL AND FISH OIL.
- Majluf, P., Matthews, K., Pauly, D., Skerritt, D. J., & Palomares, M. L. D. (2024). A review of the global use of fishmeal and fish oil and the Fish In:Fish Out metric. Science Advances, 10(42), eadn5650.
- Serra, V., Pastorelli, G., Tedesco, D. E. A., Turin, L., & Guerrini, A. (2024). Alternative protein sources in aquafeed: Current scenario and future perspectives. Veterinary and Animal Science, 25, 100381.
This bibliography is provided for reader reference. The full FMI report contains the complete reference list with primary research documentation.
This Report Addresses
- Market sizing and revenue forecasting for fishmeal and fish oil from 2026 to 2036.
- Segmentation analysis across source, product, grade, application, channel, feed destination, and health use.
- Country-level insights covering China, Chile, the United States, France, Germany, the United Kingdom, and Japan.
- Competitive landscape assessment covering marine ingredient producers, fish oil refiners, and comparative capability screens.
- Trade flow analysis covering export concentration, shipment movement, and Peru-linked supply exposure.
- Buyer structure analysis covering aquafeed manufacturers, feed producers, and omega-3 ingredient demand.
- Scope boundaries that exclude algal oils, krill oil, plant proteins, marine protein concentrates, and other non-fishmeal or non-fish-oil marine ingredients.
Frequently Asked Questions
How large is the sector in 2025?
Fishmeal and fish oil market value stands at USD 8.8 billion in 2025, and FMI projects the industry will reach USD 9.9 billion in 2026.
Where is industry value headed by 2036?
Industry value is expected to reach USD 19.1 billion by 2036, which implies an incremental revenue addition of USD 9.2 billion from 2026 onward.
How fast will demand grow over the forecast period?
Industry demand projects a 6.8% CAGR for 2026 to 2036, supported by aquafeed demand and higher-value fish oil use across nutrition applications.
Which source segment holds the largest share in 2026?
Marine Fish leads the source segment with a 60.0% share in 2026 because large-scale industrial processing depends on predictable whole-fish raw material intake.
Why does Feed Mills account for the largest distribution share?
Feed Mills account for 26.0% of channel demand in 2026 because industrial feed production depends on recurring bulk sourcing and steady lot quality.
What is driving demand in China?
China leads the tracked countries with a 7.8% CAGR through 2036 because aquaculture-linked demand and marine ingredient processing depth support faster expansion.
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- Executive Summary
- Global Market Outlook
- Demand-side Trends
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- Market Overview
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- Market Background
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- Scenario Forecast
- Demand in Optimistic Scenario
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- Opportunity Map Analysis
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- Production and Consumption Statistics
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- Market Dynamics
- Global Market Analysis 2021 to 2025 and Forecast, 2026 to 2036
- Historical Market Size Value (USD Million) Analysis, 2021 to 2025
- Current and Future Market Size Value (USD Million) Projections, 2026 to 2036
- Y-o-Y Growth Trend Analysis
- Absolute $ Opportunity Analysis
- Global Market Pricing Analysis 2021 to 2025 and Forecast 2026 to 2036
- Global Market Analysis 2021 to 2025 and Forecast 2026 to 2036, By Fish Source
- Introduction / Key Findings
- Historical Market Size Value (USD Million) Analysis By Fish Source , 2021 to 2025
- Current and Future Market Size Value (USD Million) Analysis and Forecast By Fish Source , 2026 to 2036
- Marine Fish
- Others
- Marine Fish
- Y-o-Y Growth Trend Analysis By Fish Source , 2021 to 2025
- Absolute $ Opportunity Analysis By Fish Source , 2026 to 2036
- Global Market Analysis 2021 to 2025 and Forecast 2026 to 2036, By Product
- Introduction / Key Findings
- Historical Market Size Value (USD Million) Analysis By Product, 2021 to 2025
- Current and Future Market Size Value (USD Million) Analysis and Forecast By Product, 2026 to 2036
- Fishmeal
- Fish Oil
- Fishmeal
- Y-o-Y Growth Trend Analysis By Product, 2021 to 2025
- Absolute $ Opportunity Analysis By Product, 2026 to 2036
- Global Market Analysis 2021 to 2025 and Forecast 2026 to 2036, By Grade
- Introduction / Key Findings
- Historical Market Size Value (USD Million) Analysis By Grade, 2021 to 2025
- Current and Future Market Size Value (USD Million) Analysis and Forecast By Grade, 2026 to 2036
- Omega-3
- Fertilizer Grade
- Custom Inputs
- Omega-3
- Y-o-Y Growth Trend Analysis By Grade, 2021 to 2025
- Absolute $ Opportunity Analysis By Grade, 2026 to 2036
- Global Market Analysis 2021 to 2025 and Forecast 2026 to 2036, By Application
- Introduction / Key Findings
- Historical Market Size Value (USD Million) Analysis By Application, 2021 to 2025
- Current and Future Market Size Value (USD Million) Analysis and Forecast By Application, 2026 to 2036
- Aquafeed
- Pet Food
- Livestock Feed
- Aquafeed
- Y-o-Y Growth Trend Analysis By Application, 2021 to 2025
- Absolute $ Opportunity Analysis By Application, 2026 to 2036
- Global Market Analysis 2021 to 2025 and Forecast 2026 to 2036, By Channel
- Introduction / Key Findings
- Historical Market Size Value (USD Million) Analysis By Channel, 2021 to 2025
- Current and Future Market Size Value (USD Million) Analysis and Forecast By Channel, 2026 to 2036
- Feed Mills
- Direct Sales
- Distributors
- Feed Mills
- Y-o-Y Growth Trend Analysis By Channel, 2021 to 2025
- Absolute $ Opportunity Analysis By Channel, 2026 to 2036
- Global Market Analysis 2021 to 2025 and Forecast 2026 to 2036, By Destination
- Introduction / Key Findings
- Historical Market Size Value (USD Million) Analysis By Destination, 2021 to 2025
- Current and Future Market Size Value (USD Million) Analysis and Forecast By Destination, 2026 to 2036
- Aquafeed
- Pet Food
- Livestock Feed
- Aquafeed
- Y-o-Y Growth Trend Analysis By Destination, 2021 to 2025
- Absolute $ Opportunity Analysis By Destination, 2026 to 2036
- Global Market Analysis 2021 to 2025 and Forecast 2026 to 2036, By Health Use
- Introduction / Key Findings
- Historical Market Size Value (USD Million) Analysis By Health Use, 2021 to 2025
- Current and Future Market Size Value (USD Million) Analysis and Forecast By Health Use, 2026 to 2036
- Supplements
- Clinical Nutrition
- Omega-3 Grade
- Supplements
- Y-o-Y Growth Trend Analysis By Health Use, 2021 to 2025
- Absolute $ Opportunity Analysis By Health Use, 2026 to 2036
- Global Market Analysis 2021 to 2025 and Forecast 2026 to 2036, By Region
- Introduction
- Historical Market Size Value (USD Million) Analysis By Region, 2021 to 2025
- Current Market Size Value (USD Million) Analysis and Forecast By Region, 2026 to 2036
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia and Pacific
- Middle East & Africa
- Market Attractiveness Analysis By Region
- North America Market Analysis 2021 to 2025 and Forecast 2026 to 2036, By Country
- Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2021 to 2025
- Market Size Value (USD Million) Forecast By Market Taxonomy, 2026 to 2036
- By Country
- USA
- Canada
- Mexico
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- By Country
- Market Attractiveness Analysis
- By Country
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- Key Takeaways
- Latin America Market Analysis 2021 to 2025 and Forecast 2026 to 2036, By Country
- Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2021 to 2025
- Market Size Value (USD Million) Forecast By Market Taxonomy, 2026 to 2036
- By Country
- Brazil
- Chile
- Rest of Latin America
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- By Country
- Market Attractiveness Analysis
- By Country
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- Key Takeaways
- Western Europe Market Analysis 2021 to 2025 and Forecast 2026 to 2036, By Country
- Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2021 to 2025
- Market Size Value (USD Million) Forecast By Market Taxonomy, 2026 to 2036
- By Country
- Germany
- UK
- Italy
- Spain
- France
- Nordic
- BENELUX
- Rest of Western Europe
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- By Country
- Market Attractiveness Analysis
- By Country
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- Key Takeaways
- Eastern Europe Market Analysis 2021 to 2025 and Forecast 2026 to 2036, By Country
- Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2021 to 2025
- Market Size Value (USD Million) Forecast By Market Taxonomy, 2026 to 2036
- By Country
- Russia
- Poland
- Hungary
- Balkan & Baltic
- Rest of Eastern Europe
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- By Country
- Market Attractiveness Analysis
- By Country
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- Key Takeaways
- East Asia Market Analysis 2021 to 2025 and Forecast 2026 to 2036, By Country
- Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2021 to 2025
- Market Size Value (USD Million) Forecast By Market Taxonomy, 2026 to 2036
- By Country
- China
- Japan
- South Korea
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- By Country
- Market Attractiveness Analysis
- By Country
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- Key Takeaways
- South Asia and Pacific Market Analysis 2021 to 2025 and Forecast 2026 to 2036, By Country
- Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2021 to 2025
- Market Size Value (USD Million) Forecast By Market Taxonomy, 2026 to 2036
- By Country
- India
- ASEAN
- Australia & New Zealand
- Rest of South Asia and Pacific
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- By Country
- Market Attractiveness Analysis
- By Country
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- Key Takeaways
- Middle East & Africa Market Analysis 2021 to 2025 and Forecast 2026 to 2036, By Country
- Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2021 to 2025
- Market Size Value (USD Million) Forecast By Market Taxonomy, 2026 to 2036
- By Country
- Kingdom of Saudi Arabia
- Other GCC Countries
- Turkiye
- South Africa
- Other African Union
- Rest of Middle East & Africa
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- By Country
- Market Attractiveness Analysis
- By Country
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- Key Takeaways
- Key Countries Market Analysis
- USA
- Pricing Analysis
- Market Share Analysis, 2025
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- Canada
- Pricing Analysis
- Market Share Analysis, 2025
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- Mexico
- Pricing Analysis
- Market Share Analysis, 2025
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- Brazil
- Pricing Analysis
- Market Share Analysis, 2025
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- Chile
- Pricing Analysis
- Market Share Analysis, 2025
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- Germany
- Pricing Analysis
- Market Share Analysis, 2025
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- UK
- Pricing Analysis
- Market Share Analysis, 2025
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- Italy
- Pricing Analysis
- Market Share Analysis, 2025
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- Spain
- Pricing Analysis
- Market Share Analysis, 2025
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- France
- Pricing Analysis
- Market Share Analysis, 2025
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- India
- Pricing Analysis
- Market Share Analysis, 2025
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- ASEAN
- Pricing Analysis
- Market Share Analysis, 2025
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- Australia & New Zealand
- Pricing Analysis
- Market Share Analysis, 2025
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- China
- Pricing Analysis
- Market Share Analysis, 2025
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- Japan
- Pricing Analysis
- Market Share Analysis, 2025
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- South Korea
- Pricing Analysis
- Market Share Analysis, 2025
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- Russia
- Pricing Analysis
- Market Share Analysis, 2025
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- Poland
- Pricing Analysis
- Market Share Analysis, 2025
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- Hungary
- Pricing Analysis
- Market Share Analysis, 2025
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- Kingdom of Saudi Arabia
- Pricing Analysis
- Market Share Analysis, 2025
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- Turkiye
- Pricing Analysis
- Market Share Analysis, 2025
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- South Africa
- Pricing Analysis
- Market Share Analysis, 2025
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- USA
- Market Structure Analysis
- Competition Dashboard
- Competition Benchmarking
- Market Share Analysis of Top Players
- By Regional
- By Fish Source
- By Product
- By Grade
- By Application
- By Channel
- By Destination
- By Health Use
- Competition Analysis
- Competition Deep Dive
- Tecnológica de Alimentos S.A. (TASA)
- Overview
- Product Portfolio
- Profitability by Market Segments (Product/Age /Sales Channel/Region)
- Sales Footprint
- Strategy Overview
- Marketing Strategy
- Product Strategy
- Channel Strategy
- Austevoll Seafood ASA
- Copeinca (Cooke Inc.)
- FF Skagen A/S
- TripleNine Group
- Scoular
- Tecnológica de Alimentos S.A. (TASA)
- Competition Deep Dive
- Assumptions & Acronyms Used
