Global Fish Powder Market is segmented into By Product Type, By Source, By Fish Species, By Application, By Distribution Channel, and By Region

Introduction:

Global Fish Powder Market is experiencing significant growth, driven by rising demand for high-protein animal feed, increasing aquaculture production, and expanding applications in dietary supplements and pet nutrition. As of 2025, the market size is projected to reach USD 12.7 billion, growing at a CAGR of 5.7% over the forecast period. This expansion is fueled by the rising consumption of Fish Protein Powder in livestock feed, the shift toward sustainable and nutrient-rich feed ingredients, and advancements in fish processing technologies. Key factors such as evolving regulatory standards, strategic partnerships between fisheries and feed manufacturers, and innovations in fishmeal alternatives have accelerated market growth. Additionally, improvements in fish powder formulations, including enhanced digestibility, nutrient enrichment, and eco-friendly production methods, are shaping the future of the industry. According to the Global Fish Powder Market Forecast, the market is expected to surpass USD 18.6 billion by 2032, presenting significant opportunities for product innovation, sustainable sourcing practices, and investment in advanced processing techniques.

Market Analysis:

The Global Fish Powder Market is driven by the increasing demand for high-quality protein sources in animal feed, aquaculture, and pet nutrition. Rising global consumption of seafood, coupled with the need for sustainable and nutrient-rich feed ingredients, has significantly contributed to market expansion. Additionally, advancements in fish processing technologies and the development of value-added fish-derived products are accelerating growth, particularly in sectors such as livestock nutrition, organic fertilizers, and dietary supplements.

However, the global fish powder market faces several challenges, including fluctuating raw material prices, overfishing concerns, and stringent environmental regulations governing fisheries and marine resource management. Ensuring product quality, sustainability, and compliance with evolving guidelines from regulatory bodies such as FAO, FDA, and EU Commission adds complexity for manufacturers. Additionally, supply chain disruptions, seasonality in fish availability, and the need for efficient waste utilization pose significant hurdles for industry players.

The growing emphasis on sustainable aquaculture practices, alternative protein sources, and eco-friendly processing techniques presents substantial opportunities for innovation in the marine protein industry. Companies are increasingly investing in research on circular economy approaches, fish byproduct utilization, and novel preservation methods to enhance product stability and nutritional value.

Several key trends are shaping the global fish powder market. One notable trend is the shift toward sustainably sourced and certified fishmeal, driven by increasing consumer and regulatory focus on responsible fisheries. Additionally, technological advancements such as enzymatic hydrolysis, fermentation, and AI-driven quality control are transforming fish powder production, improving efficiency and nutrient retention. Another significant trend is the rising demand for organic and plant-based alternatives, influencing the formulation of hybrid protein feeds. As the Marine Protein Industry continues to evolve, advancements in feed optimization, regulatory standardization, and sustainable resource management are expected to drive market growth and enhance the global supply of high-quality fish-derived nutritional solutions.

Segmental Analysis:

The Global Fish Powder Market analysis includes a detailed assessment of key industry segments.

By Product Type, the global fish powder market is categorized into Fish Meal Powder and Fish Protein Powder. Fish Meal Powder held the largest market share in 2024, contributing over 65.5% of the global market, driven by its widespread use in aquafeed and livestock nutrition. However, Fish Protein Powder is expected to witness the highest CAGR of 7.9% from 2025 to 2032, fueled by its increasing application in functional foods, dietary supplements, and high-protein formulations for human consumption.

By Source, the global fish powder market is segmented into Whole Fish and By-Product. Whole Fish dominated the market in 2024, accounting for 58.8% of the total share, due to its high protein content and superior nutritional profile. However, the By-Product segment is projected to grow at the highest CAGR of 8.4%, driven by sustainability initiatives, improved waste utilization, and the increasing use of fish byproducts in feed and fertilizer production.

By Fish Species, the global fish powder market includes Anchovy, Sand Eel, Horse Mackerel, Sardine, Pilchard, Hilsa, and Others. Anchovy led the market in 2024, contributing over 32.6%, driven by its high protein and omega-3 content, making it a preferred choice in animal feed production. However, Sardine-based fish powder is anticipated to experience the highest CAGR of 7.4%, fueled by its growing demand in both the food and pharmaceutical industries due to its rich nutritional value and bioactive compounds.

By Application, the global fish powder market is segmented into Animal Feed Industry, Food Industry, Cosmetics and Personal Care, and Pharmaceuticals. The Animal Feed Industry held the largest market share in 2024, contributing over 68.3%, due to the rising demand for protein-rich feed in aquaculture and livestock farming. However, the Pharmaceuticals segment is expected to grow at the highest CAGR of 8.2%, driven by increasing research into fish-derived bioactive compounds for nutraceuticals, dietary supplements, and medical applications.

By Distribution Channel, the global fish powder market is categorized into Business to Business (B2B) and Business to Consumer (B2C). The B2B segment held the largest share in 2024, accounting for 72.5%, due to the bulk demand from animal feed manufacturers, food processors, and pharmaceutical companies. However, the B2C segment is projected to grow at the highest CAGR of 9.3%, fueled by increasing consumer interest in fish protein-based dietary supplements and functional foods through online retail and specialty health stores.

By Region, the global fish powder market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific held the largest market share in 2024, contributing over 47.9%, driven by the strong presence of fishmeal production hubs in China, India, Vietnam, and Thailand, as well as the growing aquaculture industry. However, North America is projected to witness the highest CAGR of 7.8%, fueled by increasing demand for high-protein animal feed, the rising adoption of fish protein in the food industry, and growing investments in sustainable fisheries. Europe remains a key market, driven by stringent regulations ensuring sustainable fishery practices and the increasing demand for marine-based nutritional products. Meanwhile, Latin America and the Middle East & Africa are experiencing steady growth due to expanding fishmeal production capabilities, rising aquaculture activities, and increasing awareness about the benefits of Fish Protein Powder sources in animal and human nutrition.

Competitive Analysis:

The Global Fish Powder Market is highly competitive, with key players actively expanding their market presence and sustaining intense competition. Major companies in the industry include Mukka Proteins Limited, Skretting, Hikari, Oceana Group Limited, TripleNine Group, FF Skagen, Pesquera Diamante S.A., Austevoll Seafood ASA, and TASA. These key players are focusing on strategic initiatives such as acquisitions, partnerships, advancements in sustainable sourcing, and innovative processing technologies to strengthen their foothold in the global market.

Some of the key recent developments are as follows:

• In March 2024, Skretting partnered with a leading marine sustainability organization to develop eco-friendly fish powder production methods, ensuring responsible sourcing and reducing the environmental footprint of fishmeal production.
• In April 2024, Hikari introduced a new line of premium-grade fish protein powder designed for human consumption, focusing on high bioavailability and enriched omega-3 content. This innovation aligns with the growing demand for marine-based protein supplements in the functional food industry.
• In June 2024, TripleNine Group launched a next-generation enzymatically hydrolyzed fish protein powder aimed at improving digestibility and nutrient absorption for aquafeed and dietary supplement applications. This move reinforces the company's commitment to innovation in fish-derived protein solutions.

The Global Fish Powder Market is poised for substantial growth, driven by the rising demand for high-protein feed ingredients in aquaculture, livestock nutrition, and pet food industries. With advancements in fish processing technologies, sustainable sourcing practices, and value-added marine protein formulations, the market is evolving to enhance product quality, digestibility, and environmental sustainability. While fishmeal remains a dominant segment, the increasing adoption of fish protein powder for human consumption, functional foods, and pharmaceutical applications is transforming the industry, catering to the growing preference for nutrient-rich and bioavailable marine proteins. As regulatory frameworks tighten and emerging markets witness increased demand for sustainable feed solutions, the industry presents significant opportunities for innovation, digital traceability solutions, and eco-friendly production methods, making it a dynamic and rapidly expanding sector.

Segmentation:

By Product Type

• Fish Meal Powder
• Fish Protein Powder

By Source

• Whole Fish
• By-Product

By Fish Species

• Anchovy
• Sand Eel
• Horse Mackerel
• Sardine
• Pilchard
• Hilsa
• Others

By Application

• Animal Feed Industry
• Food Industry
• Cosmetics and Personal Care
• Pharmaceuticals

By Distribution Channel

• Business to Business (B2B)
• Business to Consumer (B2C)

By Region

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Research Methodology

At Stats and Research, we adopt a rigorous, data-driven methodology to ensure our market research reports provide accurate, reliable, and actionable insights. Our structured approach combines both qualitative and quantitative research techniques, utilizing advanced data analytics, statistical modelling, and market intelligence tools to offer well-rounded perspectives on the market.

Our research process follows four key stages:

1. Research and Data Collection

Our data collection is based on a comprehensive, three-pillar approach:

Primary Research: We directly engage with industry leaders, executives, product managers, investors, distributors, regulatory bodies, and end-users. This is done through structured interviews, surveys, and consultations to gather real-time insights.

Secondary Research: We examine secondary data sources like company financials, government reports, regulatory filings, investor presentations, whitepapers, trade association reports, and industry publications to build a foundational understanding of the market.

Product or Services Mapping: We analyze product portfolios, service offerings, and revenue breakdowns across global, regional, and local levels. This helps us assess market share, product penetration, and competitive positioning, identifying industry trends and growth opportunities.

Key Data Sources:

Government and International Databases: OECD, FAO, IMF, World Bank, WTO, National Statistics Bureaus, etc.

Industry Journals & Publications: Technium, Science, MDPI, MarketLine, ResearchGate, etc.

Company Reports: Annual reports, press releases, investor briefings, regulatory disclosures, etc.

Trade Associations & Market Intelligence Databases: Insights from financial institutions, manufacturing groups, and professional bodies.

This comprehensive approach ensures that our findings are grounded in credible and verified data sources.

2. Data Pre-Processing and Standardization

In this stage, we focus on ensuring data accuracy and consistency through:

Data Refinement: We identify and resolve gaps, inconsistencies, and anomalies in the collected data to ensure its completeness and reliability.

Standardization: Data is converted into uniform formats and measurement units, enabling seamless comparison across regions, products, and segments.

This meticulous preparation ensures that the data used in our analysis is clean, validated, and optimized for precise market analysis.

3. Market Estimation and Forecasting

Our market estimation model combines both Top-Down and Bottom-Up approaches to ensure a well-rounded and validated market assessment:

Top-Down Approach: We begin with macro-level estimations of market size, breaking it down by region, industry segment, and product category, using key economic indicators and market dynamics.

Bottom-Up Approach: We aggregate data from individual companies, product categories, and regional markets to ensure micro-level accuracy in our estimates.

Each forecast model is customized to the specific characteristics of the market, guaranteeing precision in future projections.

4. Quality Assurance and Validation

To ensure the highest level of data accuracy and reliability, our research undergoes multiple layers of validation:

Data Triangulation: We cross-verify insights from both primary and secondary sources to ensure consistency and reliability.

Expert Review Panels: We collaborate with industry professionals and market analysts to validate our findings and methodologies.

Client & Stakeholder Feedback: We ensure that the research findings align with the needs and expectations of our clients and stakeholders.

Plausibility & Consistency Checks: We perform historical data validation and time-series tests to ensure the logical consistency of our market estimates.

This rigorous validation process guarantees that our insights are credible, precise, and actionable.

Conclusion

By combining structured data collection, robust estimation methods, and comprehensive validation, our methodology ensures that we deliver high-quality, accurate market insights tailored to meet the specific needs of our clients.