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Part of: Fishery By-products Market (Global)

The Chile Fishery By-products Market was valued at $718.4 Million in 2025 and projected to reach to $930.1 Million by 2030, representing a compound annual growth rate of 5.3%. Chile's fishery by-products market is positioned for steady expansion through 2030, growing from USD 718.4 million to USD 930.1 million.

Chile Fishery By-products Market (2025-2030) : Size and Share
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Market Size in USD 26.32 MN
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Chile Fishery By-products Market Trends and Insights

  • Chile's position as a leading seafood producer in South America drives significant demand for value-added by-products including fish meal, fish oil, and collagen derivatives.
  • The market in Chile benefits from established aquaculture infrastructure, particularly in salmon farming, which generates substantial volumes of processing waste that are increasingly converted into high-value ingredients for animal feed, pharmaceuticals, and cosmetics sectors. Chile's fishery by-products sector is experiencing steady expansion driven by sustainability initiatives and circular economy principles gaining traction across the region.
  • Between 2025 and 2030, Chile's market growth will be supported by rising export demand for fish-derived proteins and omega-3 supplements, coupled with stricter environmental regulations that incentivize waste valorization.
  • The country's competitive advantage in marine biotechnology and processing innovation positions Chile as a key supplier of premium fishery by-products throughout South America and globally..

Key Market Statistics

  • CAGR (2025-2030) 5.3% CAGR
  • Market Size, 2025 ~USD 718.4 Million
  • Forecast, 2030 ~USD 930.1 Million
  • Country Chile

Chile Fishery By-products Market Overview

Leading Seafood Producer :

Chile is South America's largest seafood exporter, with extensive aquaculture and wild-catch operations generating substantial fishery by-products for value-added processing and commercialization.

Robust Growth Trajectory :

The Chilean fishery by-products market is expanding at 5.3% CAGR, driven by increasing global demand for sustainable protein sources, fish meal, and omega-3 derivatives from salmon and other species.

Diversified By-product Portfolio :

Chile's market encompasses fish meal, fish oil, collagen, gelatin, and specialty proteins extracted from processing waste, creating multiple revenue streams and reducing environmental impact.

Export-Oriented Economy :

Strong international demand from Asia-Pacific, Europe, and North America for Chilean fish by-products supports market growth and attracts foreign investment in processing infrastructure.

Chile Fishery By-products Market Dynamics

  • This growth is underpinned by Chile's dominant position in global seafood production, particularly salmon farming, and increasing consumer demand for sustainable, protein-rich ingredients.
  • Regulatory support for circular economy practices and waste valorization further strengthens market fundamentals. The market will benefit from technological advancements in extraction and processing, rising pharmaceutical and nutraceutical applications for fish-derived compounds, and growing pet food industry demand.
  • Strategic investments in processing capacity and R&D initiatives will enable Chilean producers to capture premium market segments, particularly in collagen and specialized omega-3 products targeting health-conscious consumers globally..

Related Ecosystem

Key Takeaways

  • Chile's fishery by-products market reaches USD 718.4 million in 2025 with projected growth to USD 930.1 million by 2030.
  • Chile's salmon farming industry is the primary driver of by-product generation and value-chain development.
  • Sustainability regulations in Chile are accelerating investment in waste-to-value processing technologies.
  • Chile's fishery by-products are increasingly exported as premium ingredients for global pharmaceutical and nutraceutical markets.

Fishery By-products Market Report Scope

Report Metric Details
Base Year 2025
Fastest Growing Segment PHARMACEUTICALS & NUTRACEUTICALS (End-Use Industry)
Forecast Period 2025-2030
Growth Rate CAGR of 7.3% from 2025 to 2030
Largest Segment CAPTURE FISHERIES (Source)
Market Size Base Year (Billions) ~USD 26.34 (2025)
Revenue Forecast (Billions) ~USD 37.46 (2030)
Segments Covered Type, Subtype, Source, End-Use Industry, Industrial Application

Chile Fishery By-products Market Report Segmentation

5 segment dimensions are covered across the global market.

By Type

  • Bioactives & Specialty Compounds
  • Fish Oil
  • Minerals
  • Other Types
  • Protein & Derivatives
  • Protein & Protein Derivatives
  • Type-I
  • Type-Iii

By Subtype

  • Aquaculture Feed
  • Bone Powder
  • Carotenoids
  • Cartilage
  • Chitin
  • Chitosan
  • Collagen
  • Collagen Peptide
  • Enzymes
  • Fish Hydrolysate
  • Fish Meal
  • Fish Silage
  • Flavor Enhancers
  • Flavour Enhancers
  • Fortified Food & Beverages
  • Gelatin
  • Inland
  • Livestock Feed
  • Marine
  • Nutritional Supplements
  • Pet Food Additives
  • Squalene

By Source

  • Aquaculture
  • Capture Fisheries

By End-Use Industry

  • Agriculture
  • Animal Feed
  • Cosmetics & Personal Care
  • Food & Beverage
  • Industrial Applications
  • Pharmaceuticals & Nutraceuticals

By Industrial Application

  • Aquaculture
  • Fertilizers
  • Pharma

CHILE: FISHERY BY-PRODUCTS MARKET, BY END-USE INDUSTRY, 2025–2030

Segment202520262027202820292030CAGR (%)
AGRICULTURE67.669.972.475.278.281.53.8
ANIMAL FEED461.5486.5513.8543.5576.1611.65.8
COSMETICS & PERSONAL CARE17.217.718.318.919.620.33.4
FOOD & BEVERAGE63.766.870.2747882.55.3
INDUSTRIAL APPLICATIONS44.14.24.44.54.73.3
PHARMACEUTICALS & NUTRACEUTICALS104.4108.6113.1118.1123.6129.54.4
TOTAL718.42753.63792.06834.04879.91930.075.3

Target Audience

  • Seafood Processing Companies : Chilean and international processors need market data to optimize by-product utilization, identify growth segments, and benchmark operational efficiency against regional competitors.
  • Investment & Private Equity Firms : Investors evaluating opportunities in Chile's seafood sector require detailed market sizing, growth projections, and competitive dynamics to assess portfolio companies and acquisition targets.
  • Nutraceutical & Pharmaceutical Manufacturers : Companies sourcing fish-derived ingredients for supplements and pharmaceuticals need supply chain visibility, pricing trends, and quality standards specific to Chilean producers.
  • Pet Food & Animal Feed Producers : Manufacturers require data on Chilean fish meal and protein availability, pricing, and sustainability certifications to secure reliable supply for growing pet food demand.
  • Government & Trade Organizations : Chilean trade bodies and policymakers need market intelligence to develop export strategies, support industry competitiveness, and align regulations with global sustainability standards.

Reasons to Buy this Report

  • Market Size & Growth Data : Access precise valuation of Chile's fishery by-products market (USD 718.4M in 2025) with 5.3% CAGR forecasts through 2030, enabling accurate investment and expansion planning.
  • Competitive Landscape Analysis : Understand key players, market share distribution, and competitive positioning specific to Chile's seafood processing sector to identify partnership and acquisition opportunities.
  • Regional Supply Chain Insights : Gain detailed knowledge of Chile's aquaculture and wild-catch operations, processing infrastructure, and logistics networks to optimize sourcing and distribution strategies.
  • Export Market Opportunities : Identify high-demand international markets for Chilean fish by-products, including Asia-Pacific and Europe, with specific volume and pricing intelligence for market entry.
  • Regulatory & Sustainability Framework : Understand Chile's environmental regulations, circular economy incentives, and certification requirements governing fishery by-products production and export compliance.

Frequently asked questions

What is the current market size of fishery by-products in Chile?

Chile's fishery by-products market is valued at USD 718.4 million in 2025 and is expected to reach USD 930.1 million by 2030.

What is the projected growth rate for Chile's fishery by-products market?

Chile's fishery by-products market is projected to grow at a CAGR of 5.3% between 2025 and 2030.

Which sectors drive demand for fishery by-products in Chile?

In Chile, primary demand comes from animal feed manufacturing, pharmaceutical companies, cosmetics producers, and nutraceutical manufacturers seeking fish meal, fish oil, and collagen-based ingredients.

How does Chile's aquaculture industry impact the fishery by-products market?

Chile's extensive salmon farming operations generate substantial processing waste that serves as the primary raw material for the fishery by-products market, supporting both domestic and export-oriented production.

What regulatory factors influence Chile's fishery by-products market growth?

Environmental regulations in Chile increasingly mandate waste valorization and circular economy practices, driving investment in by-product processing and creating new market opportunities.

RESEARCH METHODOLOGY

The study involved two major approaches in estimating the current size of the fishery by-products market. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

This research study involved the extensive use of secondary sources—directories and databases such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of the market.

In the secondary research process, various sources such as annual reports, press releases & investor presentations of companies, white papers, food journals, certified publications, articles from recognized authors, directories, and databases were referred to to identify and collect information.

Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, and market classification and segmentation as per the industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

Extensive primary research was conducted after obtaining information regarding the fishery by-products market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, South America, and the Rest of the World. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, research, and development teams, and related key executives from distributors and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to fishery by-products type, end-user industry, and region. Stakeholders from the demand side, such as livestock rearing flocks, dairy farms, and the poultry industry, were interviewed to understand the buyer’s perspective on the suppliers, products, and their current usage of fishery by-products and the outlook of their business, which will affect the overall market.

Fishery By-products Market Size, and Share

Note: The three tiers of the companies are defined based on their total revenues in 2023 or 2024,
as per the availability of financial data: Tier 1: Revenue >USD 1 billion; Tier 2: USD 100 million = Revenue = USD 1 billion;
Tier 3: Revenue

To know about the assumptions considered for the study, download the pdf brochure

COMPANY

DESIGNATION

Thai Union Ingredients (Thailand)

General Manager

Sopropêche (France)

Sales Manager

Pesquera Diamante Peru (Peru)

Manager

Oceana Group Limited (South Africa)

Head of processing department

Austevoll Seafood A (Norway)

Marketing Manager

Maruha Nichiro Corporation (Japan)

Sales Executive

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the fishery by-products market. These approaches were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details:

  • The key players in the industry and the overall markets were identified through extensive secondary research.
  • All shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.
  • The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from leaders, such as CEOs, directors, and marketing executives.

Fishery By-products Market : Top-Down and Bottom-Up Approach

Fishery By-products Market Top Down and Bottom Up Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to estimate the overall fishery by-products market and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. The market size was also validated using both the top-down and bottom-up approaches.

Market Definition

According to FAO, fishery by-products refer to the non-edible or secondary components of fish and aquatic animals generated during processing or harvesting. These include heads, bones, skins, viscera, blood, scales, shells, and frames, which are commonly repurposed for animal feed, fertilizers, pharmaceuticals, collagen, gelatin, and bioactive compounds.

Stakeholders

  • Fishmeal & fish oil manufacturers
  • Fishmeal & fish oil traders, distributors, and suppliers
  • Fish farmers
  • Government and research organizations
  • Associations and industry bodies
  • Agricultural universities
  • Intermediate suppliers such as retailers, wholesalers, and distributors
  • Raw material suppliers
  • Technology providers
  • Industry associations
  • Regulatory bodies and institutions:
    • Food and Agriculture Organization (FAO)
    • United States Department of Agriculture (USDA)
    • Compound Livestock Feed Manufacturers Association of India (CLFMA)
    • International Feed Industry Federation (IFIF)
    • American Feed Industry Association (AFIA)
    • Animal Feed Manufacturers Association (AFMA)
    • Organization for Economic Cooperation and Development (OECD)
    • Marine Ingredients Organisation (IFFO)
    • European Market Observatory for Fisheries and Aquaculture Products
  • Logistics providers & transporters
  • Research institutes and organizations
    • Consulting companies/consultants in the agricultural technology sector

Report Objectives

  • To determine and project the size of the fishery by-products market based on type, end-user industry, and region in terms of value over five years, ranging from 2025 to 2030
  • To identify the attractive opportunities in the market by determining the largest and fastest-growing segments across regions
  • To provide detailed information about the key factors influencing market growth (drivers, restraints, opportunities, and challenges)
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To analyze the micro-markets with respect to individual growth trends, prospects, and their contribution to the total market
  • To identify and profile the key players in the fishery by-products market
  • To understand the competitive landscape and identify the major growth strategies adopted by players across the key regions

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs. The following customization options are available for the report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company.

Geographic Analysis as per Feasibility

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

  • Further breakdown of the Rest of Europe fishery by-products market into key countries.
  • Further breakdown of the Rest of Asia Pacific fishery by-products market into key countries.
  • Further breakdown of the Rest of South America fishery by-products market into key countries.

Company Information

  • Detailed analyses and profiling of additional market players (up to five)

 

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