Fish Meal and Fish Oil Market to Reach $20.6 Billion by 2035 as Aquaculture Drives 76.9%
Updated
Updated · Market.us · May 27
Fish Meal and Fish Oil Market to Reach $20.6 Billion by 2035 as Aquaculture Drives 76.9%
2 articles · Updated · Market.us · May 27
$20.6 billion is the projected size of the global Fish meal and fish oil market by 2035, up from $10.9 billion in 2025, implying a 6.6% CAGR.
76.9% of end-use demand came from aquaculture in 2025, while aquatic animals accounted for 69.2% of livestock application, underscoring feed demand from expanding fish farming.
Asia-Pacific held a 51.3% market share worth $5.5 billion in 2025, supported by large aquaculture industries in China, India, Vietnam, Indonesia and Thailand.
79.4% of the market was fishmeal and 59.6% of source material was marine fish waste, showing the sector's reliance on protein-rich feed ingredients and growing use of processing by-products.
Supply remains sensitive despite improving output: Peru produces about 20% of global fishmeal and fish oil, while alternative omega-3 sources such as algae are gaining traction under sustainability pressure.
As fishmeal prices soar, who will win the race to dominate the multi-billion dollar alternative protein market?
Can new algae and soy proteins scale fast enough to feed farmed fish and save our oceans from collapse?
Is turning fish waste into a billion-dollar resource a true circular solution, or a mask for the industry's overfishing problem?