Fish Powder Market Size & Share, By Source (Whole Fish, By-product), Application (Swine, Aquaculture, Poultry, Others) - Growth Trends, Regional Insights (U.S., Japan, South Korea, UK, Germany), Competitive Positioning, Global Forecast Report 2025-2034

Market Outlook:

Fish Powder Market size is forecast to grow from USD 9.04 billion to USD 16.81 billion between 2025 and 2034, marking a CAGR of more than 6.4%. The expected industry revenue in 2025 is USD 9.57 billion.

• Base Year Value (2024): USD 9.04 billion
• CAGR (2025-2034): 6.4%
• Forecast Year Value (2034): USD 16.81 billion
• Historical Data Period: 2021-2034
• Largest Region: Asia Pacific
• Forecast Period: 2025-2034

Market Dynamics:

Growth Drivers & Opportunities

The Fish Powder Market has been experiencing a notable surge in demand due to the increasing awareness of the nutritional benefits associated with fish products. Fish powder, rich in protein and omega-3 fatty acids, appeals particularly to health-conscious consumers seeking alternatives to traditional protein sources. As the global population continues to prioritize dietary health, there is a rising trend toward incorporating fish-based products into regular diets, which drives market growth.

Moreover, the growth of the aquaculture industry significantly contributes to the fish powder market. The need for high-quality fish feed is increasing as aquaculture becomes a more popular method of fish production. Fish powder serves as an excellent ingredient in aquaculture feeds, providing essential nutrients that promote the growth and health of farmed fish. This trend is further bolstered by technological advancements in fish processing, making fish powder production more efficient and cost-effective.

Additionally, the expansion of the pet food industry presents substantial opportunities for the fish powder market. As pet owners seek nutritionally rich and high-protein options for their pets, fish powder has emerged as a preferred ingredient in premium pet food formulations. This growing segment is anticipated to further accelerate the demand for fish powder, highlighting its versatility beyond human consumption.

Report Scope

Report Coverage	Details
Segments Covered	Source, Application
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Oceana Group Limited, Austevoll Seafood ASA, Pelagia AS, Croda International Plc, Omega Protein, Marvesa, TASA, GC Rieber VivoMega AS, The Scoular Company, Sürsan

Industry Restraints:

Despite the promising growth prospects, the Fish Powder Market faces several

Report Scope

Report Coverage	Details
Segments Covered	Source, Application
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Oceana Group Limited, Austevoll Seafood ASA, Pelagia AS, Croda International Plc, Omega Protein, Marvesa, TASA, GC Rieber VivoMega AS, The Scoular Company, Sürsan

Industry Restraints: that could hinder its expansion. One significant challenge is the fluctuating availability of raw materials. Overfishing and environmental concerns related to sustainable fishing practices pose risks to the supply of fish, which can lead to inconsistencies in fish powder production. This unpredictability may result in increased prices and ultimately impact market growth.

Another restraint is the competition from alternative protein sources, such as plant-based proteins and meat powders. As consumers increasingly shift towards vegetarian and vegan diets, the demand for fish-based products may face pressure from these competing ingredients. Brands are being challenged to differentiate their products and educate consumers on the unique benefits of fish powder to maintain their market standing.

Moreover, regulatory challenges related to fisheries and food safety standards can also impact the fish powder market. Compliance with various regulations is vital to ensure product safety and quality, but it can also increase operational costs for manufacturers. Adapting to these regulatory frameworks without sacrificing profitability remains a critical hurdle for industry players.

Regional Forecast:

North America

The Fish Powder Market in North America is primarily driven by the strong demand for high-quality protein sources among health-conscious consumers. The United States stands out as the largest market due to its extensive aquaculture industry and the prevalence of fish meal in animal feed and pet food products. Canada also lags closely behind, with an increasing focus on sustainable seafood and aquaculture practices that encourage the use of fish powders as supplements. Innovations in production technologies and a growing trend toward plant-based diets are expected to shape the market dynamics in this region.

Asia Pacific

Asia Pacific holds significant potential for the Fish Powder Market, particularly in countries such as China and Japan, which are among the largest consumers of fish products. China, being a major player in aquaculture, is witnessing rapid growth, fueled by its need for high-quality feed ingredients for fish farming. The increasing urban population and rising disposable income in China contribute to greater consumption of fish powder. Japan, with its established seafood consumption culture, is also experiencing growth, primarily driven by demand for specialized fish powder used in traditional dishes. South Korea is emerging as a noteworthy player as well, with rising interest in health foods and supplements driving the adoption of fish powder.

Europe

In Europe, the Fish Powder Market is gaining traction, particularly in countries like Germany, France, and the UK. Germany leads the region with its robust aquaculture sector and a strong preference for sustainable and ethical food sources. The country's emphasis on health and wellness further fuels the demand for nutrient-dense fish powder. France, known for its culinary tradition, is also witnessing increased interest in incorporating fish powder into gourmet cooking and processed foods. The UK is focusing on innovative pet food formulations that utilize fish powders, which aligns with growing consumer trends toward premium pet nutrition. The region is expected to see steady growth, driven by an increasing inclination towards fortified foods and supplements.

Segmentation Analysis:

In terms of segmentation, the global Fish Powder market is analyzed on the basis of Source, Application.

Source

The fish powder market can primarily be segmented based on the source of fish used, which includes marine fish, freshwater fish, and other sources like by-products from fish processing. Among these, marine fish, particularly species such as anchovies and sardines, are expected to dominate the market due to their high protein content and nutritional profile. Furthermore, marine fish are often preferred for their flavor and amino acid composition, making them suitable for a variety of applications, such as animal feed and nutritional supplements. Freshwater fish, while containing valuable nutrients, may exhibit slower growth in market share compared to their marine counterparts. By-products from fish processing are also emerging as a noteworthy segment, driven by increasing sustainability practices within the industry, which turn what was once waste into high-value products.

Application

In terms of application, the fish powder market is primarily divided into animal feed, aquaculture, and human nutrition. The animal feed segment is projected to capture a considerable share of the market, fueled by rising demand for high-protein feed in livestock farming, pet food, and aquaculture. Fish powder provides essential nutrients that promote growth and health in animals, making it a preferred choice for farmers and manufacturers alike. The aquaculture sector is also anticipated to exhibit rapid growth, with fish powder being used as a key ingredient in fish feed formulations aimed at enhancing fish yield and health. Human nutrition, which includes dietary supplements and functional foods, is garnering attention as consumers increasingly shift towards health-conscious choices. This segment, particularly those containing omega-3 fatty acids and other beneficial compounds found in fish powder, is likely to witness robust growth as awareness of the health benefits continues to rise.

Regional Insights

Geographically, key regions such as North America, Europe, and Asia Pacific are driving the fish powder market, each characterized by distinctive trends. North America is notable for its strong health-oriented consumer base, leading to increasing incorporation of fish powder in dietary supplements. In Europe, stringent regulations regarding food safety and sustainability practices are propelling the market forward, particularly with a focus on aquaculture. The Asia Pacific region, on the other hand, is anticipated to witness the fastest growth rate, driven by expanding aquaculture practices and rising meat consumption fueled by a growing middle-class population. With countries like China and India prioritizing aquaculture, the demand for fish powder as a high-quality feed ingredient will continue to rise dramatically.

Competitive Landscape:

The competitive landscape in the Fish Powder Market is characterized by a mix of established players and emerging companies, all vying for market share through product innovation, strategic partnerships, and expansion into new regions. Demand for fish powder is driven by its applications in the food industry, livestock feed, and aquaculture, leading to investments in sustainable sourcing and processing technologies. Companies are focused on enhancing quality and nutritional content while ensuring compliance with health regulations. The market dynamics are also influenced by growing consumer awareness regarding the benefits of fish-based products, prompting manufacturers to differentiate their offerings and enhance brand visibility.

Top Market Players

1. Omega Protein Corporation

2. Alltech

3. Hira Industries

4. Pelagia AS

5. MPM Marketing

6. NutraFish

7. Acadian Seaplants Limited

8. Luhua Biomarine (Group) Co., Ltd.

9. Delek Group Ltd.

10. Nisshin Seifun Group Inc.