23 Jul, 2026
According to Straits Research, the global fishmeal market size was valued at $10.64 billion in 2025 and is projected to reach $19.70 billion by 2034, registering a CAGR of 7.16% during the forecast period 2026–2034.
The global fishmeal market is primarily driven by the rapid expansion of aquaculture, as farmed fish require high-protein diets rich in essential nutrients like omega-3 fatty acids. Fishmeal remains the preferred feed ingredient due to its superior digestibility and nutritional profile. Rising global seafood consumption and premiumization of aquaculture species further fuel demand. Additionally, advancements in processing technologies have increased yield from by-products, improving supply efficiency and reducing waste, while sustainability certifications and traceability initiatives are shaping procurement practices.
However, the market faces restraints from overfishing, fluctuating raw material availability, and price volatility. Growing adoption of alternative proteins, such as insect meal and single-cell proteins, poses competition. Opportunities lie in residue-based fishmeal, hybrid feed formulations, and sustainably certified products, offering avenues for growth and environmental responsibility.
sales@straitsresearch.com