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Fishery By-Products Market Growth, Trends, and Sustainability Challenges

MarketsandMarkets™, 28 Aug 2025
 
The fishery by-products market is projected to expand from USD 26.34 billion in 2025 to USD 37.46 billion by 2030, at a CAGR of 7.3% during the forecast period. This growth occurs at a time when the global fishing industry is facing sustainability challenges, regulatory pressures, and the need to adopt innovative technologies.
 
Market size and outlook
 
  1. Estimated size: USD 26.34 billion (2025).
  2. Forecast: USD 37.46 billion (2030).
  3. Implied CAGR (2025–2030): 7.3%.
 
Growth is propelled by sustainability commitments, improved extraction technologies, and strong downstream demand in animal nutrition and nutraceuticals.
 
Segment highlights
 
  1. Fishmeal and fish oil remain foundational for aquafeed and animal nutrition due to their amino acid profile and long-chain omega-3s, supporting growth and immune health in aquatic species, poultry, and swine.
  2. Marine collagen and gelatin from skins, scales, and bones are gaining popularity in nutraceuticals, cosmetics, and medical biomaterials, benefiting from their religious/dietary compatibility and strong functional properties.
  3. Bioactives and specialty compounds (e.g., chitosan, enzymes, peptides) are gaining traction for pharmaceuticals, wound care, and advanced functional ingredients.
 
Market Challenges: Sustainability and Regulations
 
Sustainability remains a key concern, as global fisheries resources are declining. Overfishing has reduced at least 4% of fish stocks annually every decade since the 1930s, and climate change is accelerating this trend. Additionally, fish processing is highly energy-intensive, contributing significantly to carbon footprints.
 
Another layer of complexity comes from regulatory frameworks such as the European Union’s Common Fisheries Policy, which enforces strict traceability and eco-labeling requirements. While these policies promote responsible practices, they also raise compliance costs—particularly for developing nations.
 
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Fishery By-Products Market Opportunities: Technology and Consumer Demand
 
Despite the challenges, notable opportunities exist. Enzymatic extraction and recirculating aquaculture systems (RAS) are emerging technologies that improve yield and efficiency. Moreover, consumer behavior is shifting—73% of consumers are willing to pay more for products that are certified as sustainable. This opens the door for value-added fishery by-products that can support both global food security and circular economy initiatives.
 
Technology Trends
 
  1. Enzymatic extraction and hydrolysis: Enhances functional properties of proteins and peptides, reduces harsh chemical use, and improves yields.
  2. Membrane and chromatographic separations: Enable targeted fractionation of oils, peptides, collagen, and bioactives.
  3. Digital traceability: Data-driven supply assurance from vessel to ingredient for regulatory and brand claims.
 
By Type: Fishmeal Leads the Market
 
Fishmeal continues to dominate the global fishery by-products market, both in volume and revenue. It is a cornerstone of the industry, with applications in:
 
  1. Aquaculture (aquafeeds account for over 60% of fishmeal usage worldwide)
  2. Livestock feed
  3. Pet nutrition
  4. Nutraceuticals
 
Fishmeal and fish oil are primarily derived from fish processing residues such as heads, bones, viscera, and trimmings. Despite the rising popularity of high-value ingredients like collagen, gelatin, and chitin/chitosan, fishmeal maintains its position due to established processing methods and robust demand.
 
A growing trend is its inclusion in premium pet foods, marketed as hypoallergenic, high-protein, and omega-rich products for dogs and cats.
 
By End Use: Animal Feed Takes the Largest Share
 
The animal feed industry, particularly aquafeed, is the largest end-use sector for fishery by-products. Aquaculture, the fastest-growing sector in global food production, relies heavily on nutrient-rich inputs like fishmeal and fish oil.
 
Other applications include:
 
  1. Poultry and swine feed – fishmeal improves digestibility and immune response, especially in early life stages.
  2. Pet nutrition – hydrolyzed fish proteins, fish digest, and dehydrated fish protein are increasingly used in premium formulas.
 
This diversification of applications continues to drive demand for fishery-derived animal feed products.
 
Regional Outlook: Europe to See Rapid Growth
 
The European market is expected to experience strong growth between 2025 and 2030, driven by both traditional processors and new innovators. Key countries include Norway, Denmark, Germany, the Netherlands, Spain, Italy, and Greece.
 
Europe is not only a major producer of fishmeal and fish oil but is also investing in bioactive compounds and sustainable materials derived from by-products.
 
  1. In 2023, non-food exports (including fishmeal and fish oil) accounted for 21% of EU fishery export volume and 13% of export value (USD 1.22 billion).
  2. Fishmeal exports fell in volume (from ~177,500 tons to ~152,600 tons) but grew in value by 5% (USD 347 million).
  3. Fish oil exports grew in both volume (from ~102,000 to ~131,000 tons) and value (28%, reaching USD 619 million).
 
This indicates Europe’s move toward value-added by-products despite volume fluctuations.
 
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Key Players in the Market
 
Some of the leading companies shaping the global fishery by-products market include:
 
  1. Pesquera Diamante Peru (Peru)
  2. Oceana Group Limited (South Africa)
  3. Scoular Company (US)
  4. Austevoll Seafood ASA (Norway)
  5. Maruha Nichiro Corporation (Japan)
  6. Nippon Suisan Kais (Japan)
  7. Sopropêche (France)
  8. Thai Union Ingredients (Thailand)
 
Recent Industry Developments
 
  1. Jan 2025: Captain Fresh (India) acquired EU salmon processor Koral, strengthening its position in by-product processing.
  2. Feb 2025: Yumbah (Australia) proposed a merger with Clean Seas Seafood, consolidating abalone production and R&D.
  3. Jul 2025: Cermaq (Mitsubishi Corporation) signed a USD 1 billion deal to acquire Grieg Seafood ASA’s operations in Canada and Norway, expanding fish oil and fishmeal processing.
  4. Jun 2025: Mowi (Norway) invested in a new sustainable fishmeal and fish oil facility, capable of processing 30 metric tons daily, focused on reducing waste and improving yields.
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