The Denmark Fishery By-products Market was valued at $333.7 Million in 2025 and projected to reach to $417.8 Million by 2030, representing a compound annual growth rate of 4.6%. Denmark's fishery by-products market is poised for sustained growth through 2030, driven by increasing aquaculture demand across Northern Europe and stringent EU waste reduction directives that incentivize by-product utilization.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
Denmark's fishery by-products market is valued at USD 333.7 million in 2025, with projections reaching USD 417.8 million by 2030, demonstrating steady growth in the Nordic region's sustainable seafood processing sector.
The Danish market exhibits a CAGR of 4.6% from 2025 to 2030, outpacing global average growth rates and reflecting strong domestic demand for fish meal, fish oil, and protein concentrates in aquaculture and animal feed industries.
Denmark leverages its position as a leading Nordic fishing nation with advanced processing capabilities and strong maritime heritage to capture significant value from fish waste streams and by-product utilization.
Danish fishery by-products sector emphasizes circular economy principles, converting fish processing waste into high-value ingredients for aquaculture feed, pet food, and pharmaceutical applications, aligning with EU sustainability regulations.
| 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 |
5 segment dimensions are covered across the global market.
| Segment | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR (%) |
|---|---|---|---|---|---|---|---|
| AGRICULTURE | 12.9 | 13.3 | 13.8 | 14.3 | 14.9 | 15.5 | 3.8 |
| ANIMAL FEED | 169.4 | 177.1 | 185.6 | 194.7 | 204.7 | 215.6 | 4.9 |
| COSMETICS & PERSONAL CARE | 25.2 | 25.9 | 26.8 | 27.7 | 28.7 | 29.8 | 3.4 |
| FOOD & BEVERAGE | 24.2 | 25.3 | 26.6 | 28 | 29.6 | 31.3 | 5.3 |
| INDUSTRIAL APPLICATIONS | 19.1 | 19.7 | 20.4 | 21.1 | 21.9 | 22.8 | 3.6 |
| PHARMACEUTICALS & NUTRACEUTICALS | 82.9 | 86.3 | 89.9 | 93.8 | 98.2 | 102.9 | 4.4 |
| TOTAL | 333.7 | 347.72 | 363.02 | 379.72 | 397.94 | 417.84 | 4.6 |
Denmark's fishery by-products market is valued at USD 333.7 million in 2025 and is expected to grow to USD 417.8 million by 2030.
Denmark's fishery by-products market is projected to grow at a compound annual growth rate (CAGR) of 4.6% from 2025 to 2030.
Denmark processes fish meal, fish oil, protein concentrates, and other value-added products derived from fish waste streams for aquaculture and pharmaceutical applications.
Growth in Denmark is driven by EU sustainability regulations, circular economy initiatives, rising demand for aquaculture feed, and increasing pharmaceutical applications for omega-3 supplements.
Denmark's strong maritime heritage, advanced processing infrastructure, technical expertise, and proximity to major European markets position it as a leading regional supplier of high-quality fishery by-products.
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.
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.
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.
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
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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 |
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:

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.
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.
With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs. The following customization options are available for the report:
With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.
Full forecast, segment splits, and company analysis for all Fishery By-products Market.
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