Global Fish Powder Market Size Grows at a Steady CAGR of 6.83%

Introduction

Straits Research published report, “Fish Powder Market Size & Outlook, 2026-2034”. According to the study, the market size is valued at USD 9.69 billion in 2025 and is projected to expand to USD 17.52 billion by 2034, registering a compound annual growth rate (CAGR) of 6.83%.

Market Dynamics

The global fish powder market is propelled by growing consumer awareness of health and nutrition, rising demand for protein-rich and functional ingredients, and technological advancements in processing and preservation. Opportunities exist in developing high-purity fish protein isolates, innovative freeze-drying and extraction methods, and fortified supplements targeting wellness and immunity. Moreover, expansion into emerging markets and collaborations with food, pharmaceutical, and cosmetic companies offer potential.

However, high production costs remain a restraint in the fish powder market, limiting its wider adoption. The expense of sourcing quality raw materials, combined with energy-intensive processing methods like drying and milling, contributes to elevated manufacturing costs. Moreover, maintaining stringent quality control standards to ensure safety and nutritional value adds further financial pressure.

Market Highlights

• Source Insights: By product is the fastest-growing segment, registering a CAGR of 7.32%, driven by sustainability initiatives and circular economy practices.
• Type Insights: Flame-dried (FD)is the fastest-growing type, with a CAGR of 7.15%, driven by its enhanced flavor profile and suitability for specialized feed applications.
• Applications Insights: Aquaculture segment dominates with over 50% market share, reflecting the sector’s reliance on fish powder for protein-rich feed formulations.
• Distribution Channel Insights: B2C is the fastest-growing channel, expanding at a CAGR of 7.39%, driven by rising consumer interest in home-based nutrition and pet food applications.
• Regional Insights: The Asia-Pacific fish powder market is dominant with a market share of over 45%, driven by the rising demand for aquaculture feed, livestock nutrition, and functional food applications.

Competitive Players

1. Omega Protein Corporation
2. Austevoll Seafood ASA
3. Daybrook Fisheries Inc.
4. Pelagia AS
5. Scanbio Marine Group
6. The Scoular Company
7. Oceana Group Limited
8. Rongcheng Blue Ocean Marine Bio
9. Alaska Seafood
10. VivoMega AS
11. Croda International Plc
12. FMC Corporation
13. GC Rieber Oil
14. Marvesa
15. Bio-marine Ingredients Ireland Ltd.
16. Bio-Oregon Protein, Inc.
17. Calysta, Inc.
18. Aker BioMarine Antarctic AS
19. TASA (Tecnológica de Alimentos S.A.)
20. Sürsan

Recent Developments

Segmentation

1. By Source
   1. Whole Fish
   2. Byproduct
2. By Type
   1. Steam Dried (SD) Fish Powder
   2. Flame Dried (FD) Fish Powder
3. By Applications
   1. Swine
   2. Aquaculture
   3. Poultry
   4. Others
4. By Distribution Channel
   1. B2B
   2. B2C