Fishery By-products Market Competitive Landscape Leading Players Investments and Strategic Developments

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Fishery By-products Market Size, Share & Trends Analysis Report By Type (Protein & Protein Derivatives, Fish Oil, Minerals, Bioactives & Specialty Compounds), By Technology (Enzymatic Hydrolysis, Chemical Extraction, Fermentation, Freeze Drying), By Source (Capture Fisheries, Aquaculture), By End-Use Industry (Food & Beverage, Animal Feed, Agriculture, Cosmetics & Personal Care, Pharmaceuticals & Nutraceuticals, Industrial Applications), By Parts Of Fishery To Be Recycled (Qualitative) (Heads, Bones, & Viscera, Skins & Scales, Shells: Source Of Biopolymers, Fish Trimmings: Foundation For Flavor & Feed, Liver, Roe, Fish Blood, and Others),-Market Outlook And Industry Analysis 2034"

Global Fishery By-products Market Size is valued at US$ 25.1 Bn in 2024 and is predicted to reach US$ 52.6 Bn by the year 2034 at an 8.1% CAGR during the forecast period for 2025-2034.

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Fishery-by-products are utilized in the production of fish meal and fish oil for animal feed, fertilizers and aquaculture. They are also used in pharmaceuticals, nutraceuticals, cosmetics and biofuel production. Fish waste-derived collagen, gelatin and chitin are natural polymers that support food processing (e.g., cooked hams), biomedical applications (e.g., cytology) and packaging as being directly substituted or blended with petrochemicals, thus contributing to resource sustainability. The market for Fishery By-products is expanding due to the increasing useage of fish-derived bioactive compounds including collagen, gelatin, omega-3 fatty acids, and chitosan in the medical and wellness applications.

These compounds provide therapeutic benefits in wound healing, tissue regeneration, cardiovascular health, and skincare. Increasing health awareness, the compelling benefits of nutraceuticals, and the shift toward natural, sustainable components are all driving market demand. In addition, significant developments in biotechnology enable the effective extraction and purification of valuable components from fish waste, boosting environmentally friendly healthcare breakthroughs while backing circular economy practices in the pharmaceutical and cosmetic industries.

List of Prominent Players in the Fishery By-products Market:

·      FKS Multi Agro

·      Maruha Nichiro Corporation

·      Lysi hf.

·      Pesquera Diamante Peru

·      Nippon Suisan Kais

·      Hofseth Biocare AS

·      Oceana Group Limited

·      Sopropriache

·      Ashland

·      Scoular Company

·      Thai Union Ingredients

·      Atlantis Sea-Agri Group

·      Austevoll Seafood ASA

·      Seagarden Group

·      Dai Dai Thanh Seafoods

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Market Dynamics:

Drivers-

The Fishery By-products market is driven by increasing sustainable use of resources and reduction of waste in the seafood industry. Rising demand for fish-based ingredients i.e., fish meal, fish oil, collagen, gelatin and chitosan for pharmaceuticals, nutraceuticals, cosmetics & animal feed as fueling factor in market growth. Growing consumer awareness regarding health benefits for omega-3 fatty acids and protein rich supplements helps in increasing the demand. Advancements in extraction and processing technologies improve product quality and yield. Moreover, initiatives taken by the government towards promoting circular economy models and sustainable aquaculture practices lead to efficient utilization of fish waste, which fuels the growth of the market.

Challenges:

The Fishery By-products market faces several challenges, including fluctuations in the raw material supply as a result of seasonal basis fish catching process and over-fishing that impacts production stability. Inadequate infrastructure for effective recovery, storage and processing of fish waste leads to loss in resources as well as reduction in quality. Large scale commercialization is hampered by high processing costs and absence of suitable extraction technologies in developing countries.

Moreover, regulatory pressures related to hazardous waste management and environmental issues are onerous for producers. Low level of consumer awareness regarding the benefits of fish off-cuts, as well as competition from plant-based or synthetic products are barriers for market growth despite its potential for sustainability. Therefore, these factors will hinder the growth of the Fishery By-products market

Regional Trends:

In 2024, the market for Fishery By-products was dominated by Asia Pacific because of high fish production, robust aquaculture sector and significant seafood processing in China, India, Japan and Indonesia. Dominance over market is supported by: established supply chain, low labor cost and increasing demand for fish meal, fish oil, nutraceutical products from the region coupled with increased awareness of sustainable utilization of waste or circular economy solutions.

The European region offers numerous opportunities. There are high demands of Fishery By-products services in the region as a result of severe sustainability regulations, rising investment trends towards circular economy projects and development of biotechnological innovations for waste valorization. Strong emphasis on ecological healthcare, cosmetics and nutraceutical applications from marine resources in the region along with increasing consumer preference for natural & sustainable products will attract high market growth and use of fishery waste at an extreme value proposition.

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Segmentation of Fishery By-products Market-

By Type

·      Protein & Protein Derivatives

o  Fishmeal

o  Fish Silage

o  Fish Hydrolysate

o  Gelatin

o  Collagen

·      Fish Oil

·      Minerals

o  Bone Powder

o  Chitin

o  Chitosan

·      Bioactives & Specialty Compounds

o  Enzymes

o  Squalene

o  Carotenoids

o  Cartilage

o  Collagen Peptides

By Technology

·      Enzymatic Hydrolysis

·      Chemical Extraction

·      Fermentation

·      Freeze Drying

By Source

·      Capture Fisheries

o  Marine

o  Inland

·      Aquaculture

By End-Use Industry

·      Food & Beverage

o  Flavor Enhancers

o  Nutritional Supplements

o  Fortified Food & Beverage

·      Animal Feed

o  Aquaculture Feed

o  Livestock Feed

o  Pet Food Additives

·      Agriculture

·      Cosmetics & Personal Care

·      Pharmaceuticals & Nutraceuticals

·      Industrial Applications

By Parts Of Fishery To Be Recycled (Qualitative)

·      Heads, Bones, & Viscera

·      Skins & Scales

·      Shells: Source Of Biopolymers

·      Fish Trimmings: Foundation For Flavor & Feed

·      Liver, Roe, Fish Blood, and Others

By Region-

North America-

·      The US

·      Canada

Europe-

·      Germany

·      The UK

·      France

·      Italy

·      Spain

·      Rest of Europe

Asia-Pacific-

·      China

·      Japan

·      India

·      South Korea

·      South East Asia

·      Rest of Asia Pacific

Latin America-

·      Brazil

·      Argentina

·      Mexico

·      Rest of Latin America

 Middle East & Africa-

·      GCC Countries

·      South Africa

·      Rest of Middle East and Africa

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