Fish Powder Market By Type (Whole Fish Powder, Fish Protein Concentrate, Fish Meal Powder, Fish Hydrolysate Powder, Customized Blends), By Source (Marine Fish, Freshwater Fish, By-Products), By Process (Spray-Dried, Freeze-Dried, Oven-Dried, Vacuum-Dried), By Distribution Channel (Supermarkets, Specialty Stores, Online Retail, Health Stores, Others), and By End User (Industrial Manufacturers, Hospitals & Pharmacies, Households, Agricultural Sector, Cosmetic Industry), Global Market Size, Segmental analysis, Regional Overview, Company share analysis, Leading Company Profiles And Market Forecast, 2025 – 2035

Published Date: Apr 2025 | Report ID: MI2470 | 210 Pages


Industry Outlook

The Fish Powder market accounted for USD 9.24 Billion in 2024 and is expected to reach USD 18.66 Billion by 2035, growing at a CAGR of around 6.6% between 2025 and 2035. The fish powder market refers to the international commerce and production of fishmeal, a high-protein product manufactured from processed fish or fish byproducts. Fish powder is widely used in animal feed in aquaculture industries, poultry, and livestock. Moreover, fish powder finds its utilization in fertilizers and as a component in pet food. The driving forces for this market are the growing demand for protein-rich feed in agricultural and aquaculture practices, along with the rising demand for sustainable and nutritious food sources. Further, fish powder is one of the main products responding to global food security and supporting sustainable farming practices.

Report Scope:

ParameterDetails
Largest MarketAsia Pacific
Fastest Growing MarketNorth America
Base Year2024
Market Size in 2024USD 9.24 Billion
CAGR (2025-2035)6.6%
Forecast Years2025-2035
Historical Data2018-2024
Market Size in 2035USD 18.66 Billion
Countries CoveredU.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, Switzerland, Sweden, Finland, Netherlands, Poland, Russia, China, India, Australia, Japan, South Korea, Singapore, Indonesia, Malaysia, Philippines, Brazil, Argentina, GCC Countries, and South Africa
What We CoverMarket growth drivers, restraints, opportunities, Porter’s five forces analysis, PESTLE analysis, value chain analysis, regulatory landscape, pricing analysis by segments and region, company market share analysis, and 10 companies
Segments CoveredType, Source, Process, Distribution Channel, End User, and Region

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Market Dynamics

Increased demand for sustainable protein sources in food industry.

It is the growing demand for sustainable protein sources that is majorly driving the growth of the fish powder market. With the trend now in favor of sustainability and healthy lifestyles, consumers have embraced fish powder as an easily available and rich alternative source of protein and essential nutrients for any kind of meat other than fish. To be regarded as an eco-friendly protein source, fish powder must have a substantially lower environmental impact during production than that associated with livestock. It is a very cost-effective alternative to meeting the high demand for proteins around the globe, as fish farming can convert feed to quality protein with much higher efficiency.

Emerging evidence for the increased usage of fish powder in animal feed and food products underlines the shift towards nutrition that sources inputs more sustainably and resource-efficiently in the future. According to the Food and Agriculture Organization, the production of fish meal and fish oils around the world has been constantly increasing over the years. This suggests that the role of fish products in sustainable food systems is growing. Technological developments in fish processing, which enhance the quality and use of fish powder in various sectors, are driving market expansion. The growing need to reduce food waste in fisheries is another method to promote a more circular and sustainable protein supply chain.

Expanding aquaculture industry leading to more fish powder production.

The fish powder market is experiencing growth driven by increasing demand for seafood products, resulting in higher production of fish-based products such as fishmeal and fish powder, used for animal feed and other applications. Growing knowledge of fish powder's nutritional advantages, particularly its high protein, omega-3 fatty acid, and mineral content, is driving demand for health supplements and animal nutrition. Technological developments in fish processing also improve the effectiveness and caliber of fish powder manufacturing. Government policies encouraging aquaculture sustainability and the growing demand for environmentally friendly and sustainable feed substitutes are driving the market's expansion. The growing market, particularly in Asia, has led to a rise in the use of fish powder for aquaculture feed, which is driving global expansion.

Limited shelf life and storage issues with fish powders.

The fish powder market is limited by many constraints, starting from the short shelf life and difficult storage. Fish powders are primarily highly perishable items capable of spoilage and nutrient degradation, the rates of which increase with time. Deterioration of quality occurs under moisture, heat, and oxygen, and maintaining proper storage conditions becomes crucial. Therefore, special packaging and refrigeration become necessary, thereby translating into increased operational expenses. Other limitations include the sporadic delivery of raw materials and changes in the categories of fish that affect the production of powdered products.

Consumers' ignorance regarding the safety and preservation of fish powder further constrains the market. These constraints hinder proper scaling and acceptance of the idea, given the poorly established cold storage and distribution infrastructure. Moreover, logistical cooperation for temperature control is lacking, thus hampering the growth of the global market. The fish powder market is also being depressed by competition from other protein sources.

Growth in plant-based food alternatives with fish protein integration.

Plant-based foods are rapidly rising with advancing opportunities for fish powder products as consumers increasingly turn to alternative foods that are protein-rich and sustainable to replace traditional and familiar animal systems. Fish protein powder from fish sources considered sustainable is being absorbed more in the market for the highly nutritious profile of the product in terms of essential amino acids and omega-3 fatty acids. It's a very appealing ingredient for such plant-based foods as protein bars, smoothies, and meat substitutes. Since most consumers are looking for natural and eco-friendly substitutes for synthetic additives, fish powder can help meet the demand for more useful, clean-label components.

The market for fish powder has a special chance to take advantage of the trend of combining plant and fish proteins to create goods that cater to a wider variety of dietary preferences since it would be able to include those who were previously unaccounted for. Because they provide a completely different protein source for the protein-poor food production environment, fish powders are now much more than merely self-proclaimed sustainable alternatives with a substantially lower carbon footprint. This is the new reality in food production. That shapes the future of food in a balanced, nutrient-dense, ecological ecology by teaching a more beneficial human-plant-fish relationship.

Collaborations with food manufacturers for innovative fish powder products.

With improvement in the emerging opportunities for the fish powder market, there is also a need for further collaboration with food manufacturers. There's a growing need for protein-rich and sustainable ingredients. That is why fish powder is fast gaining acceptance as a high-protein and nutrient-dense product consumed as a functional food ingredient across different sectors, such as pet food, animal feed, and human nutrition. Through collaboration with food manufacturers, fish powder producers may innovate in plant-based alternatives, nutritional supplements, and ready-to-eat meals. Since fish powder is a by-product of sustainable fishing methods, they may also be self-driven and constrained by the expanding consumer segment's interest in cleaner and more environmentally friendly products.

Collaborations may come together to create innovative formulas that appeal to both mainstream and specialized markets since foods high in protein and health will be the market's growing trends. Manufacturers of fish powder and food developers could work together to provide great prospects for product diversity and market penetration. Global supply chains and e-commerce have further extended distribution channels and broadened access to international markets. Fish powder has an advantage as a far more adaptable health-improving product since customer preferences are shifting away from clean-label and functional components.

Industry Experts Opinion

Fish powder is a highly nutritious supplement for both animal feed and human nutrition due to its excellent amino acid profile and omega-3 fatty acid content. It has significant benefits for the growth and health of farmed fish, poultry, and pets, enhancing their immune systems and overall well-being. However, sustainability is a critical issue when sourcing fish powder. Overfishing and environmental concerns must be managed to ensure the long-term viability of its use in feed."

  • Dr. Jane Smith, Marine Biologist & Aquaculture Expert, University of Fisheries and Marine Sciences

Segment Analysis

Based on the type, the Fish Powder market is classified into Whole Fish Powder, Fish Protein Concentrate, Fish Meal Powder, Fish Hydrolysate Powder, and Customized Blends. The fish powder market is dominated by the fish meal powder segment. Its high protein content and vital nutrients make it a popular choice for animal feed, particularly aquaculture, cattle, and pet food. Fish meal powder is preferred for feeding fish and other animals since it is an affordable and high-protein food. Its broad range of uses, accessibility, and nutritional benefits have contributed to its substantial income share and fueled expansion in the aquaculture and agriculture sectors.

 

Based on the Source, the Fish Powder market is classified into Marine Fish, Freshwater Fish, and By-Products. Marine fish represent the most important sector in the fish powder market. Marine fish, such as anchovies, sardines, and mackerel, are rich in essential omega-3 fatty acids, protein, and micronutrients. Therefore, they are the most respected raw materials used to produce fish powders. Due to their widespread availability and nutritional superiority, marine fish represent the preferred raw materials for fish meal and other fish powders, especially in aquaculture and animal-feed industries. This segment's dominance is fueled by the increasing demand for high-quality protein sources and the fast-growing aquaculture sector globally.

Regional Analysis

The Asia Pacific fish powder market is in the area with augmented demand for protein-rich animal feed and nutritional supplement applications. The burgeoning aquaculture sector, increasing health awareness among users, and the rapidly growing pet food segment are some of the key factors contributing to the demand for fish-based ingredients. China, India, and Japan are the major market players, owing to the high level of fish production and consumption. The trend of using sustainable and natural food sources in animal feed has seen an increasing inclination toward the use of fish powder. Factors such as fluctuating fish supply, environmental concerns, and lofty production costs act as bottlenecks in the growth. However, due to innovations taking hold in processing technology, coupled with rising demand from emerging markets, the fish powder sector in the region should continue to grow steadily.

The North American fish powder market is witnessing a steady rate of growth, primarily due to the increased demand for such sustainable and high-protein ingredients in various fields of industry, namely food, animal feed, and cosmetics. The North American market benefits from an established aquaculture industry that continuously offers raw materials for fish powder production. Increasing awareness of the health advantages provided by products derived from fish, specifically concerning omega-3 fatty acids, has brought products such as nutritional supplements and functional foods into focus among consumers. Further support flows into the segment from high demand in North America for pet food, especially premium products with health claims.

Environmental sustainability trends are forcing the sector to adopt better sustainable production processes, further enhancing the marketing appeal of fish powder. Innovations in fish processing technologies are improving the quality and cost-efficiency of fish powder production, thus benefitting the market. Supply chain challenges associated with procuring raw materials and production costs are some of the still-existing blockers affecting the market growth potential.

Competitive Landscape

The fish powder market is quite competitive, with some top players leading the way in the industry. Key companies such as Omega Protein Corporation, Marubeni Corporation, Cargill, Inc., and Pelagia AS are all players in this market that greatly contribute to high-quality fish protein products. Omega Protein has improved its market position by expanding its production through quite a few strategic acquisitions. Pelagia AS, a member of Austevoll Seafood ASA, has also bolstered its market presence by commissioning new facilities in Europe.

Cargill and Nissui Corporation sharpen their focus on sustainability and innovation, in line with increasing demand from consumers for environment-friendly and nutritious fish-based ingredients. Increasing consolidation can also be seen in this market, as companies like Dongwon Industries and Nutreco have begun pursuing expansion to diversify their product portfolios in keeping with the changing global demand for fish powder. These events showcase an increasing recognition of efficiency and sustainability as an avenue in which to compete effectively in the marketplace.

Fish Powder Market, Company Shares Analysis, 2024

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Recent Developments:

  • In March 2025, Triumvirate Food, a Rwandan startup founded by young entrepreneurs, expanded its product line from dried fish to an innovative fish protein supplement for young children. This new product aims to tackle Rwanda's high child malnutrition rates by offering a locally produced solution to enhance nutrition and support child development.
  • In January 2025, fishmeal production rose by about 75% compared to the same month in 2024. This increase was mainly driven by a 300% surge in output from Peru. Chile, the USA, Spain, and several African countries also reported growth in fishmeal production.

Frequently Asked Questions (FAQs)

The Fish Powder market accounted for USD 9.24 Billion in 2024 and is expected to reach USD 18.66 Billion by 2035, growing at a CAGR of around 6.6% between 2025 and 2035.

Key growth opportunities in the Fish Powder market include Growth in plant-based food alternatives with fish protein integration, Increasing demand for functional food products with added protein, and Collaborations with food manufacturers for innovative fish powder products.

The largest segment in the Fish Powder Market is typically animal feed, due to its high protein content and nutritional benefits for livestock. The fastest-growing segment is in the human food industry, particularly in health supplements and functional foods. Demand for fish powder in pet food is also increasing, driven by the growing pet care market. Additionally, the aquaculture sector is expanding the use of fish powder as a key ingredient in fish feed. Sustainability concerns are pushing the market towards more eco-friendly and efficient production methods.

The Asia-Pacific region is expected to make a notable contribution to the global Fish Powder Market. This is primarily due to the region's strong aquaculture industry, particularly in countries like China, India, and Thailand, which are major producers and consumers of fish powder. The growing demand for fish-based products in animal feed and human nutrition also supports market growth in this region. Additionally, the increasing adoption of fish powder in pet food and the expansion of aquaculture in Southeast Asia will further drive regional contributions.

Leading players in the global Fish Powder Market include companies like Omega Protein Corporation, Marubeni Nisshin Feed Co., Ltd., and Scanbio Marine Group. Other notable companies are Nicovita, The Scoular Company, and Vietnam Fish Powder JSC. These companies are key producers and suppliers of fish powder, catering to diverse sectors like animal feed, aquaculture, and human nutrition. They are also investing in sustainable production practices to meet the growing demand for eco-friendly and high-quality fish powder.

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