Fish Powder Market Report 2025

The fish powder market size has grown strongly in recent years. It will grow from $8.82 billion in 2024 to $9.47 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to increased consumer awareness of the nutritional benefits of fish, growth in demand for protein-rich and functional food ingredients, rise in health consciousness and preference for natural ingredients, expansion of aquaculture and fisheries industries, need for sustainable and eco-friendly food sources, demand for fish powder in animal feed and pet food industries.

The fish powder market size is expected to see strong growth in the next few years. It will grow to $12.26 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to adoption of fish powder as a flavor enhancer and natural umami ingredient, emphasis on waste reduction and utilization of fish by-products, need for omega-3 fatty acids and essential micronutrients in diets, expansion of fish powder in cosmetic and personal care products, growing demand for fish protein in sports and fitness nutrition. Major trends in the forecast period include microencapsulation of fish powder, clean label and natural processing, innovative packaging solutions, powdered fish oil and omega-3 supplements, fortification of food and beverages.

The growing awareness of health and wellness is projected to drive the fish powder market in the coming years. Health consciousness refers to an individual's proactive approach to maintaining and enhancing their health, encompassing a wide range of behaviors, attitudes, and beliefs related to nutrition, physical fitness, and lifestyle choices. This rising health awareness is largely influenced by the increasing incidence of lifestyle-related diseases, such as obesity, diabetes, and heart disease, which have heightened the emphasis on healthy living. Fish powder stands out as an excellent choice for health-conscious consumers due to its rich nutritional profile, including high levels of proteins, omega-3 fatty acids, and vitamins, which contribute to overall health and support a balanced diet. For instance, a survey conducted in May 2022 by the International Food Information Council, a US-based non-profit organization, among 1,005 American adults aged 18-80 and Gen Z consumers aged 18-24 revealed that approximately 52% of participants adhered to a specific diet or eating pattern, an increase from 39% in 2021. The most popular choices included clean eating (16%), mindful eating (14%), and calorie counting (13%). Consequently, the rising health consciousness among consumers is driving the growth of the fish powder market.

The expansion of aquaculture is anticipated to significantly boost the fish powder market in the coming years. Aquaculture involves the cultivation, breeding, and harvesting of aquatic organisms in controlled environments, such as ocean enclosures. Fish powder serves as a valuable protein-rich ingredient in aquaculture feed, promoting growth and supplying essential nutrients to cultured aquatic organisms. For example, the Food and Agriculture Organization of the United Nations (FAO), a US-based specialized agency focused on combatting hunger and enhancing nutrition and food security, reported in August 2022 that global production in fisheries and aquaculture reached 223.2 million tons in 2022. Of this total, 185.4 million tons (live weight) consisted of aquatic animals, including fish, crustaceans, and mollusks such as mussels and squid, while 37.8 million tons (wet weight) were algae. Therefore, the growth in aquaculture is a key driver for the fish powder market.

Technological advancements play a pivotal role in shaping the fish powder market, with key players actively adopting various technologies to enhance their market positions. For example, in January 2022, Cermaq Canada Ltd., a salmon farming company based in Canada, integrated aeration technology supplied by Poseidon Ocean Systems. This technology implementation enabled Cermaq Canada to eliminate over 76,000 kg of CO2 emissions from its operations in 2021.

Major companies in the fish powder market are introducing sustainable feeding solutions, such as NaturAlgae, to provide a nutritious and eco-friendly feed ingredient for the aquaculture sector. NaturAlgae, launched by MiAlgae, a UK-based microalgal production company, is an omega-3 powder designed for use as a nutritious feed ingredient. The dry powder boasts a high concentration of DHA and other oils, offering renowned health benefits associated with omega-3. MiAlgae's innovative manufacturing process involves repurposing by-products from the Scotch whisky industry to cultivate omega-3-enriched microalgae. This approach presents a sustainable alternative to traditional omega-3 sources derived from wild-caught fish. Beyond nutritional benefits, this initiative supports environmental sustainability by potentially reducing CO2 emissions, recycling substantial volumes of water, and conserving wild fish stocks.

In May 2023, Scoular, an agribusiness firm based in the United States, completed the acquisition of a frozen fish processing facility from Northwest Farm Food Cooperative. The transaction, valued at an undisclosed amount, was a strategic move by Scoular to bolster and extend its presence in the pet nutrition sector. With the newly acquired facility, Scoular aims to enhance its support to pet food manufacturers by providing high-quality and sustainable fish ingredients, thereby expanding its range of offerings. The facility obtained from Northwest Farm Food Cooperative specializes in repurposing fish trimmings, transforming them into frozen fish ingredients tailored for use in pet food and treat processing. This acquisition positions Scoular to strengthen its foothold in the pet nutrition market while simultaneously contributing to the sustainability of fish-based ingredients in the industry.

Major companies operating in the fish powder market include Austevoll Seafood ASA, Omega Protein Corporation, Daybrook Fisheries Inc., Cermaq Group AS, Kodiak Fishmeal Company, Pesquera Exalmar SAA, Nissui Corporation, Pesquera Hayduk S.A., Oceana Group Limited, Dalian Longyuan Fish Meal Co. Ltd., Marvesa Holding N.V., Tecnológica de Alimentos S.A., Croda International plc, Sursan Su Urunleri AS, Alaska Seafood International LLC, Pelagia AS, Scanbio Marine Group AS, Pioneer Fishing Pty Ltd., Sardina D.O.O., Novofood SA, Qingdao Future Group, Havsbrún, Norebo Holding AS, TripleNine Group A/S, United European Seafood Traders PTE LTD., Balticovo AS, Scoular Company, GC Rieber Oil AS, Austral Group SAA, FF Skagen A/S, GC Rieber Oils AS.

Fish powder is a finely ground powder derived from cooked fish flesh, often prepared from leftover fish. This type of powder is utilized to supplement staple foods such as maize and cassava, enhancing the micronutrient concentrations in the meal.

The primary types of fish powders are steam-dried and flame-dried fish powders. Flame-dried fish meal is produced using a short rotary dryer, also known as a direct hot air dryer or flame dryer, which is a key method in manufacturing approximately 75% of the world's fish meal. The sources for these powders include whole fish and by-products, serving various applications in swine, poultry, aquaculture, and other sectors. The end-users of fish powder encompass food and beverages, sports nutrition and dietary supplements, cosmetics and personal care, pharmaceuticals, animal feed, among others. These products are distributed through both business-to-business (B2B) and business-to-customer (B2C) sales channels.

The fish powder market research report is one of a series of new reports that provides fish powder market statistics, including global market size, regional shares, competitors with a fish powder market share, detailed fish powder market segments, market trends, and opportunities, and any further data you may need to thrive in the fish powder industry. This fish powder market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Asia-Pacific was the largest region in the fish powder market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the fish powder market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the fish powder market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The fish powder market consists of sales of fish protein concentrate, fish albumin, glue, gelatin. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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