Summary

Global Fish Powder Market is valued approximately at USD 8.54 billion in 2023 and is anticipated to grow with a healthy CAGR of more than 6.50% over the forecast period 2024-2032. Fish powder—processed from either whole fish or fish by-products—is emerging as a potent ingredient in animal nutrition, renowned for its superior protein content, digestibility, and amino acid profile. As demand for sustainable aquaculture and livestock farming intensifies, producers are increasingly shifting toward nutrient-dense alternatives like fish powder to elevate feed quality. With global food security and efficiency in protein conversion becoming key strategic pillars, fish powder has entrenched itself as a cost-effective and performance-enhancing solution for animal diets, offering value across poultry, swine, and aquaculture industries.
The surging appetite for high-performance animal feeds, particularly in intensive farming systems, is steering the upward trajectory of the fish powder market. Aquaculture—responsible for more than half of global seafood production—is a major growth driver, as fishmeal continues to be a primary protein source for aquatic species. In parallel, fish powder is witnessing heightened inclusion in poultry and swine feed for its palatability and growth-promoting effects. Additionally, regulatory pressures to reduce the use of antibiotics in animal farming are prompting producers to favor functional ingredients like fish powder that naturally support immune function and feed efficiency. Nevertheless, concerns surrounding overfishing, ecological sustainability, and supply chain volatility pose potential constraints, pushing stakeholders to diversify sourcing strategies and adopt circular economy practices.
Innovation in processing technologies is significantly transforming the value proposition of fish powder. Companies are investing in advanced drying methods, enzymatic hydrolysis, and quality preservation techniques to enhance shelf life, nutritional integrity, and odor neutrality. The valorization of fish by-products—previously discarded as waste—is gaining momentum as companies seek to maximize resource efficiency and reduce environmental footprints. This convergence of sustainability and nutrition is encouraging feed manufacturers to formulate next-generation products that balance ecological stewardship with optimal animal performance. In response, vertically integrated operations and digital traceability systems are being leveraged to ensure quality assurance and compliance with international food safety standards.
Regionally, Asia Pacific holds a commanding position in the global fish powder market, fueled by expansive aquaculture industries in China, Vietnam, and India. The region’s rising meat consumption, government-backed aquafarming programs, and abundant raw material access give it a structural advantage. North America and Europe are showing steady demand, particularly in the poultry and swine sectors, driven by heightened awareness around feed nutrition and livestock productivity. Europe also benefits from stringent regulatory frameworks promoting the use of sustainable and traceable feed ingredients. Meanwhile, Latin America and the Middle East & Africa are exhibiting growing potential, underpinned by expanding animal husbandry operations and increasing investments in feed manufacturing infrastructure.
Major market player included in this report are:
• Aker Biomarine Antarctic AS
• Calysta, Inc.
• Bio-Oregon Protein, Inc.
• Mukka Sea Food Industries Pvt. Ltd.
• Oceana Group Limited
• American Marine Ingredients
• Austevoll Seafood ASA
• Croda International Plc
• Scanbio Marine Group AS
• Nutreco N.V.
• Marvesa Holding N.V.
• Sürsan A.Ş
• FMC Corporation
• GC Rieber Oil
• Sarma Fish
The detailed segments and sub-segment of the market are explained below:
By Source
• Whole Fish
• By-product
By Application
• Swine
• Aquaculture
• Poultry
• Others
By Region:
North America
• U.S.
• Canada
Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa
Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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Table of Contents

Table of Contents
Chapter 1. Global Fish Powder Market Executive Summary
   1.1. Global Fish Powder Market Size & Forecast (2022–2032)
   1.2. Regional Summary
   1.3. Segmental Summary
      1.3.1. By Source
      1.3.2. By Application
   1.4. Key Trends
   1.5. Recession Impact
   1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Fish Powder Market Definition and Research Assumptions
   2.1. Research Objective
   2.2. Market Definition
   2.3. Research Assumptions
      2.3.1. Inclusion & Exclusion
      2.3.2. Limitations
      2.3.3. Supply Side Analysis
         2.3.3.1. Availability
         2.3.3.2. Infrastructure
         2.3.3.3. Regulatory Environment
         2.3.3.4. Market Competition
         2.3.3.5. Economic Viability (Producer’s Perspective)
      2.3.4. Demand Side Analysis
         2.3.4.1. Regulatory Frameworks
         2.3.4.2. Technological Advancements
         2.3.4.3. Environmental Considerations
         2.3.4.4. Producer Awareness & Acceptance
   2.4. Estimation Methodology
   2.5. Years Considered for the Study
   2.6. Currency Conversion Rates
Chapter 3. Global Fish Powder Market Dynamics
   3.1. Market Drivers
      3.1.1. Surging demand from aquaculture and intensive livestock systems
      3.1.2. Regulatory push to reduce antibiotics and improve animal health
      3.1.3. Valorization of fish by products for sustainable feed ingredients
   3.2. Market Challenges
      3.2.1. Overfishing and ecological sustainability concerns
      3.2.2. Supply chain volatility and raw material price fluctuations
   3.3. Market Opportunities
      3.3.1. Advanced processing technologies (enzymatic hydrolysis, odor control)
      3.3.2. Circular economy models leveraging by product valorization
      3.3.3. Expansion into emerging feed markets and functional feed additives
Chapter 4. Global Fish Powder Market Industry Analysis
   4.1. Porter’s 5 Force Model
      4.1.1. Bargaining Power of Suppliers
      4.1.2. Bargaining Power of Buyers
      4.1.3. Threat of New Entrants
      4.1.4. Threat of Substitutes
      4.1.5. Competitive Rivalry
      4.1.6. Futuristic Approach to Porter’s 5 Force Model
      4.1.7. Porter’s 5 Force Impact Analysis
   4.2. PESTEL Analysis
      4.2.1. Political
      4.2.2. Economical
      4.2.3. Social
      4.2.4. Technological
      4.2.5. Environmental
      4.2.6. Legal
   4.3. Top Investment Opportunity
   4.4. Top Winning Strategies
   4.5. Disruptive Trends
   4.6. Industry Expert Perspective
   4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Fish Powder Market Size & Forecasts by Source 2022 2032
   5.1. Segment Dashboard
   5.2. Global Fish Powder Market: Source Revenue Trend Analysis, 2022 & 2032 (USD Billion)
      5.2.1. Whole Fish
      5.2.2. By product
Chapter 6. Global Fish Powder Market Size & Forecasts by Application 2022 2032
   6.1. Segment Dashboard
   6.2. Global Fish Powder Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
      6.2.1. Swine
      6.2.2. Aquaculture
      6.2.3. Poultry
      6.2.4. Others
Chapter 7. Global Fish Powder Market Size & Forecasts by Region 2022 2032
   7.1. North America Fish Powder Market
      7.1.1. U.S. Fish Powder Market
         7.1.1.1. Source breakdown size & forecasts, 2022 2032
         7.1.1.2. Application breakdown size & forecasts, 2022 2032
      7.1.2. Canada Fish Powder Market
   7.2. Europe Fish Powder Market
      7.2.1. UK Fish Powder Market
      7.2.2. Germany Fish Powder Market
      7.2.3. France Fish Powder Market
      7.2.4. Spain Fish Powder Market
      7.2.5. Italy Fish Powder Market
      7.2.6. Rest of Europe Fish Powder Market
   7.3. Asia Pacific Fish Powder Market
      7.3.1. China Fish Powder Market
      7.3.2. India Fish Powder Market
      7.3.3. Japan Fish Powder Market
      7.3.4. Australia Fish Powder Market
      7.3.5. South Korea Fish Powder Market
      7.3.6. Rest of Asia Pacific Fish Powder Market
   7.4. Latin America Fish Powder Market
      7.4.1. Brazil Fish Powder Market
      7.4.2. Mexico Fish Powder Market
      7.4.3. Rest of Latin America Fish Powder Market
   7.5. Middle East & Africa Fish Powder Market
      7.5.1. Saudi Arabia Fish Powder Market
      7.5.2. South Africa Fish Powder Market
      7.5.3. Rest of Middle East & Africa Fish Powder Market
Chapter 8. Competitive Intelligence
   8.1. Key Company SWOT Analysis
      8.1.1. Aker Biomarine Antarctic AS
      8.1.2. Calysta, Inc.
      8.1.3. Bio Oregon Protein, Inc.
   8.2. Top Market Strategies
   8.3. Company Profiles
      8.3.1. Aker Biomarine Antarctic AS
         8.3.1.1. Key Information
         8.3.1.2. Overview
         8.3.1.3. Financial (Subject to Data Availability)
         8.3.1.4. Product Summary
         8.3.1.5. Market Strategies
      8.3.2. Calysta, Inc.
      8.3.3. Bio Oregon Protein, Inc.
      8.3.4. Mukka Sea Food Industries Pvt. Ltd.
      8.3.5. Oceana Group Limited
      8.3.6. American Marine Ingredients
      8.3.7. Austevoll Seafood ASA
      8.3.8. Croda International Plc
      8.3.9. Scanbio Marine Group AS
      8.3.10. Nutreco N.V.
      8.3.11. Marvesa Holding N.V.
      8.3.12. Sürsan A.Ş
      8.3.13. FMC Corporation
      8.3.14. GC Rieber Oil
      8.3.15. Sarma Fish
Chapter 9. Research Process
   9.1. Research Process
      9.1.1. Data Mining
      9.1.2. Analysis
      9.1.3. Market Estimation
      9.1.4. Validation
      9.1.5. Publishing
   9.2. Research Attributes