Fish Powder Market Value To Surpass USD 11.1 Billion by 2033

Updated · Jan 31, 2025

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Table of Contents

Introduction
Key Takeaways
Emerging Trends
Use Cases
Major Challenges
Market Growth Opportunities
Recent Developments
Conclusion

Introduction

New York, NY – January 31, 2025 – The global Fish Powder Market is experiencing significant growth, driven by increasing demand for high-protein animal feed and nutritional supplements. In 2023, the market was valued at USD 6.1 billion and is projected to reach approximately USD 11.1 billion by 2033, growing at a compound annual growth rate (CAGR) of 6.2% during the forecast period from 2024 to 2033.

This growth is fueled by the rising popularity of fish powder as a sustainable and nutrient-rich ingredient in aquaculture, livestock feed, and pet food industries. The market’s expansion is further supported by the growing awareness of the health benefits of omega-3 fatty acids and proteins derived from fish, which are essential for animal growth and development.

Additionally, the increasing demand for organic and natural feed additives presents lucrative opportunities for market players. Geographically, regions with strong aquaculture and livestock industries, such as Asia-Pacific and Europe, are driving market demand. The fish powder market also benefits from advancements in processing technologies, which enhance product quality and shelf life. As consumer preferences shift toward sustainable and eco-friendly products, the fish powder market is poised for continued growth, offering ample opportunities for innovation and market expansion.

Key Takeaways

Fish Powder Market size is expected to be worth around USD 11.1 by 2033, from USD 6.1 Bn in 2023, growing at a CAGR of 6.2%.
Anchovy held a dominant market position, capturing more than a 37.1% share of the Fish Powder Market.
Short-lived species held a dominant market position, capturing more than a 48.2% share of the Fish Powder Market.
Fish Protein Powder held a dominant market position, capturing more than a 65.4% share of the Fish Powder Market.
Animal Feed Industry held a dominant market position, capturing more than a 58.1% share.
Business to Business (B2B) held a dominant market position, capturing more than a 78.1% share.
Asia Pacific (APAC) region held the largest share of the Fish Powder Market, capturing 37.4% of the total market, valued at approximately USD 2.2 billion.

Emerging Trends

Rising Demand for Sustainable Protein Sources: Fish powder is gaining traction as a sustainable alternative to traditional protein sources in animal feed. With growing concerns over environmental impact, its eco-friendly production and nutrient-rich profile make it a preferred choice for aquaculture and livestock industries, aligning with global sustainability goals.
Increased Use in Aquaculture Feed: The booming aquaculture industry is driving demand for fish powder as a key ingredient in fish feed. Its high protein content and essential nutrients support healthy fish growth, improving yield and quality, which is crucial for meeting the rising global demand for seafood.
Expansion in Pet Food Applications: Fish powder is increasingly being used in premium pet food products due to its high protein and omega-3 content. Pet owners are seeking healthier, natural options for their pets, fueling the adoption of fish powder as a functional ingredient in pet nutrition.
Technological Advancements in Processing: Innovations in fish powder production, such as low-temperature drying and enzymatic hydrolysis, are enhancing product quality and nutritional value. These advancements are improving shelf life and making fish powder more accessible for diverse applications, from animal feed to human dietary supplements.
Growing Popularity in Organic Farming: The shift toward organic farming practices is boosting the demand for natural feed additives like fish powder. Its chemical-free composition and ability to improve soil health make it a popular choice among organic farmers, driving market growth.

Use Cases

Aquaculture Feed: Fish powder is widely used in aquaculture feed to promote the healthy growth and development of fish. Its high protein and omega-3 content enhances feed efficiency, improving fish health and yield, which is essential for meeting the growing global demand for seafood.
Livestock Nutrition: In livestock farming, fish powder is added to animal feed to boost protein intake and improve overall health. It supports muscle development, enhances immunity, and increases milk production in dairy animals, making it a valuable ingredient for farmers.
Pet Food Industry: Fish powder is a key component in premium pet food, providing essential nutrients like omega-3 fatty acids and proteins. It supports skin health, coat shine, and overall vitality in pets, catering to the rising demand for high-quality, natural pet nutrition.
Organic Fertilizers: Fish powder is used in organic farming as a natural fertilizer. It enriches soil with essential nutrients, improves soil structure, and promotes plant growth, making it a sustainable choice for eco-conscious farmers.
Human Dietary Supplements: Fish powder is gaining popularity in human nutrition as a source of omega-3 and protein. It is used in dietary supplements to support heart health, brain function, and overall wellness, aligning with the growing trend of natural health products.

Major Challenges

High Production Costs: The processing of fish powder involves advanced technologies and energy-intensive methods, leading to high production costs. This can make the final product expensive, limiting its affordability and adoption, especially in price-sensitive markets.
Raw Material Availability: The supply of fish for powder production depends on fishing activities, which are often affected by overfishing, seasonal variations, and regulatory restrictions. Fluctuations in raw material availability can disrupt production and increase costs.
Quality Consistency: Maintaining consistent quality in fish powder is challenging due to variations in fish species, freshness, and processing methods. Inconsistent quality can affect its effectiveness in feed and nutrition applications, impacting customer trust.
Environmental Concerns: Over-reliance on fish for powder production raises sustainability concerns, as it can contribute to overfishing and marine ecosystem disruption. Balancing demand with sustainable sourcing practices remains a critical challenge for the industry.
Regulatory Compliance: Strict regulations on fishing, processing, and export-import of fish powder can create hurdles for manufacturers. Compliance with varying international standards adds complexity and costs to production and distribution.

Market Growth Opportunities

Rising Demand for Aquaculture Feed: The booming aquaculture industry offers significant growth opportunities for fish powder. As global seafood demand increases, fish powder’s role in enhancing fish health and yield positions it as a key ingredient in sustainable aquaculture feed solutions.
Expansion in Organic Farming: The shift toward organic and sustainable farming practices creates opportunities for fish powder as a natural fertilizer. Its nutrient-rich profile supports soil health and crop growth, aligning with the growing preference for eco-friendly agricultural inputs.
Growth in the Pet Food Industry: The premium pet food segment is expanding rapidly, driven by pet owners seeking healthier options. Fish powder’s high protein and omega-3 content make it an ideal ingredient for functional and natural pet food products.
Human Nutritional Supplements: Increasing health awareness and demand for natural nutrition products open doors for fish powder in the nutraceutical sector. Its omega-3 and protein benefits cater to consumers looking for heart and brain health supplements.
Technological Advancements: Innovations in fish powder processing, such as low-temperature drying and enzymatic hydrolysis, improve product quality and shelf life. These advancements enable manufacturers to meet diverse industry needs and expand applications.

Recent Developments

Aksha Fish Meal and Oil

Contribution: Aksha Fish Meal and Oil specializes in producing fish meal and fish oil, which are key raw materials for fish powder. The company focuses on sustainable fishing practices and high-quality production, supporting the aquaculture and animal feed industries.
Recent Developments: No specific updates post-2022 are available without access to recent sources.

Austevoll Seafood ASA

Contribution: Austevoll is a global leader in fish meal and fish oil production, with a strong focus on sustainability. Their products are widely used in fish powder for aquaculture and animal feed.
Recent Developments: In recent years, Austevoll has invested in sustainable fishing technologies and expanded its production capacity to meet the growing demand for marine-based ingredients.

Croda International Plc.

Contribution: Croda is known for its innovative use of natural ingredients, including marine-based products. They have explored omega-3-rich fish powder applications in nutraceuticals and animal nutrition.
Recent Developments: Croda has been investing in sustainable sourcing and biotechnology to enhance the quality of marine-derived ingredients.

FMC Corporation

Contribution: FMC Corporation focuses on agricultural solutions, including animal nutrition. While not directly involved in fish powder, their expertise in feed additives complements the sector.
Recent Developments: FMC has been expanding its animal health portfolio, which could intersect with fish powder applications in aquaculture and livestock feed.

GC Rieber Oil

Contribution: GC Rieber Oil produces high-quality fish oil and marine ingredients, which are essential for fish powder production. They emphasize sustainability and traceability in their supply chain.
Recent Developments: The company has been investing in advanced processing technologies to improve the nutritional profile of its marine-based products.

Conclusion

The Fish Powder Market is poised for significant growth, driven by its versatile applications in aquaculture, animal feed, pet food, and human nutrition. With increasing demand for sustainable protein sources and omega-3-rich ingredients, the market is expected to expand steadily. Innovations in processing technologies and a focus on eco-friendly practices are further enhancing product quality and accessibility.

Emerging markets, particularly in Asia-Pacific and Africa, offer substantial growth opportunities due to rising aquaculture and livestock industries. However, challenges like high production costs, raw material availability, and regulatory compliance need to be addressed to unlock the market’s full potential. Overall, the fish powder sector is set to play a crucial role in meeting global nutritional demands while supporting sustainable agriculture and aquaculture practices.