Fish Meal Market is Set to Globally Reach USD 14.9 Billion at 4.1% CAGR by 2035

The global fish meal market is projected to increase from USD 10 billion in 2025 to USD 14.9 billion by 2035, with a CAGR of 4.1% during the forecast period. Growth in the fish meal market is driven by IoT-enabled sensors and AI that monitor water quality, fish health, and feeding schedules in real time. Automation, robotics, and blockchain improve sustainability, traceability, and consumer trust in seafood supply chains.

Fish Meal Market Size and Share Forecast Outlook 2025 to 2035

The fish meal market continues to play a vital role in the global food and feed industry, with aquaculture consuming nearly 75% of production. Its nutrient-rich composition—high-quality proteins, amino acids, and omega-3 fatty acids—makes it an indispensable input for aquafeed, poultry, and livestock. Rising seafood demand worldwide, coupled with stricter sustainability regulations, ensures fish meal remains central to animal nutrition strategies.

Recent Developments and Market Shifts

One of the most notable trends is the recovery in global trade. Fish meal exports reached 885,000 tonnes in 2024, nearly doubling from 2023, underscoring its strong demand in global feed chains. Production growth in Peru, Chile, and the U.S. has surged, supported by better fisheries management and sustainable sourcing.

Meanwhile, AI-driven monitoring and blockchain-enabled traceability are reshaping how producers ensure quality and environmental responsibility. These innovations improve operational efficiency while bolstering consumer confidence in sustainably sourced feed ingredients.

Key Players and Competitive Landscape

Prominent players such as TripleNine Group, Pesquera Diamante, COPEINCA, and FF Skagen dominate the global fish meal industry. These companies are heavily investing in automation, resource-efficient production, and alternative raw materials to mitigate risks of overfishing and raw material shortages. Additionally, IFFO members are leading collaborative initiatives for responsible fisheries management and transparent supply chains.

Competition is increasingly focused on integrating sustainability certifications and digital tracking systems. Companies that adopt eco-friendly practices and align with regulatory requirements are gaining a competitive edge, particularly in markets like Europe and Asia-Pacific, where sustainable aquaculture is a priority.

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Growth Drivers

• Aquaculture Expansion: Fish meal is critical for farmed fish growth and survival, driving steady demand.
• Seafood Consumption: Rising per capita seafood intake, especially in Asia, boosts fish meal consumption.
• Nutritional Superiority: Fish meal continues to outperform plant-based feed alternatives due to digestibility and amino acid balance.
• Regulatory Push: Governments and international bodies emphasize sustainable fisheries, encouraging responsible sourcing.

Challenges and Opportunities

The industry faces hurdles such as fluctuating raw material availability, seasonal fish population shifts, and high production costs. Overfishing remains a concern, pressuring companies to adopt alternative ingredients and resource management strategies.

However, opportunities lie in advanced processing technologies, energy-efficient operations, and new applications of fish meal in fertilizers, where demand is steadily rising. As AI, IoT, and blockchain adoption grows, supply chain transparency will further strengthen market credibility and open new growth avenues.

Conclusion

The fish meal market is entering a transformative decade where technology, sustainability, and nutrition converge. With demand fueled by aquaculture growth and rising seafood consumption, companies that innovate with eco-friendly solutions and digital transparency will shape the future of this vital industry.

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