Fish Powder Market Size, Share & Industry Analysis, By Source (Anchovy, Sardine, Mackerel, Tuna, Salmon & Trout, and Others), By Product Type (Fishmeal Powder, and Fish Protein Powder), By Application (Food & Beverages, Dietary Supplements, Animal Feed {Swine, Poultry, Aquaculture, and Others}, and Pharmaceuticals), and Regional Forecast, 2026-2034

The global fish powder market size was valued at USD 9.42 billion in 2025. The market is projected to grow from USD 10.01 billion in 2026 to USD 16.95 billion by 2034, exhibiting a CAGR of 6.81% during the forecast period. Asia Pacific dominated the fish powder market with a market share of 6.16% in 2025.

Fish powder is a high-quality, nutrient-dense product developed by grinding and dehydrating fish byproducts or whole fish, comprising at least 65% protein. Nutritionally, it is a rich source of minerals (phosphorus and calcium), proteins, amino acids, and fats. This powder is pale to yellowish-brown and should be stored at 5°C to prevent deterioration. Moreover, it rapidly absorbs into fat and water and exhibits emulsifying properties. In culinary applications, fish powder is used to fortify soups, porridge, and biscuits. Moreover, it is used to enhance the texture of fish sausages and cakes.

Companies such as Austevoll Seafood ASA, Oceana Group Limited, and TripleNine Group are prominent players in the market. New product launches are a pivotal strategy adopted by key players to improve their position.

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FISH POWDER MARKET TRENDS

Emerging Use of Fish Powder in Dietary Supplements is an Ongoing Market Trend

The global market is witnessing a remarkable and growing trend towards fish powder-based dietary supplements. While conventional fishmeal is utilized in animal nutrition, refined fish protein concentrates and marine protein powders are being incorporated into supplements. This sudden shift is specifically fueled by health-conscious consumers seeking protein sources that impart additional health benefits beyond basic nutrition. Incorporation of fish-sourced powder into supplements improves joint support, especially in the elderly population. Moreover, it enhances cardiovascular health and strengthens anti-inflammatory properties. Along with this, it also supports skin and bone health. Thus, such advantages necessitate manufacturers to introduce new fish powder-based supplements.

MARKET DYNAMICS

MARKET DRIVERS

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Growth in the Premium Pet Food Segment Drives the Use of Fish Powder

The expansion of the high-grade pet food category is a major driver escalating the sales of fish powder, particularly in Europe, North America, and a few parts of the Asia Pacific. Today, pet ownership is growing rapidly, with pets viewed as valued members of the household. This trend is reshaping consumers’ purchasing behavior toward nutrient-dense, premium-quality pet food. To meet this demand, manufacturers are producing pet food enriched with fish powder. Fish protein or fishmeal powder is widely utilized in cat and dog food for its natural palatability, high digestibility, and balanced amino acid profile. Moreover, this component is marketed as hypoallergenic for pets that are prone to chicken and beef sensitivities. Additionally, in food, fish powder offers numerous health benefits, which further boost its use.

MARKET RESTRAINTS

High Geographic Production Concentration and Intense Competition Hinders the Market Potential

One of the major obstacles in the global market is the limited production concentrated in a few countries. Globally, a substantial share of fish powder originates from China, Peru, Chile, and some European countries such as Norway and Denmark. Peru alone holds the majority of fishmeal export share because of its large fisheries (anchovy) in the Humboldt Current system. This concentration fuels supply risk, as most global supply relies on government regulations and environmental conditions in some producing countries. Another key restraint in the industry is tough competition from substitutes. The fish powder sector faces strong competition from well-known protein sources, such as algae-based proteins, soybean meal, and rapeseed meal. These substitutes are gaining popularity as they offer a more predictable and stable supply than fishmeal, which largely depends on wild fish catches. As a result, the above-mentioned factors impede the global fish powder market share.

MARKET OPPORTUNITIES

Technological Advancements in the Powder Sector Unlock Various Growth Possibilities

The adoption of technologies in the powder industry builds numerous growth opportunities. In the fish protein/meal sector, producers are opting for modern low-temperature drying technologies to improve digestibility and preserve nutritional integrity. Advanced separation and pressing techniques are gaining traction in the industry as they improve protein yield while also enhancing the efficiency of oil extraction. Moreover, technological improvements in automated unloading, onboard chilling systems, and rapid transport logistics can minimize the time between processing and catch. Additionally, through filtration and refining processes, producers are trying to produce high-protein fish protein concentrate alongside traditional fishmeal.

Segmentation Analysis

By Source

Anchovy Segment Leads the Market Owing to Large-Scale Harvesting and Cost-Effectiveness

Based on source, the market is divided into anchovy, sardine, mackerel, tuna, salmon & trout, and others.

The anchovy dominated the global market in 2025. Anchovies offer a favorable protein-to-fat balance for producing fishmeal as compared to trout and salmon, which are mostly farmed for human consumption and are high in fat. Owing to established processing infrastructure and large-scale harvesting, anchovy-sourced meal is more cost-effective than other species. Moreover, this fish-based meal improves palatability in animal feed and is rich in omega-3 fatty acids, further adding value to growth. Besides this, it has a reduced risk of contamination compared to large predatory fish. Thus, such factors propel the global fish powder market growth.

The tuna segment is projected to grow at a high CAGR of 7.44% over the forecast period. 

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By Product Type

Fishmeal Powder Dominated the Market Owing to Improved Affordability

Based on product type, the market is segmented into fishmeal powder and fish protein powder.  

In 2025, the fishmeal powder segment led the global industry. Compared with fish protein, fish meal is economical due to its conventional production. Moreover, fishmeal has lower processing complexity as it involves limited refining steps than fish protein. Additionally, it has wide applications in the aquafeed, pet food, and poultry industries. In addition, it operates at a large scale in most fishing nations, whereas fish protein is mostly produced in small volumes. Following this, fish meal adds palatability to animal feed, whereas protein concentrate offers a neutral flavor.

The fish protein powder is projected to grow at a high CAGR of 7.74% over the forecast period.

By Application

Animal Feed Led the Market Due to Less Processing Time than Food-Grade Powders

On the basis of application, the market is distributed into food & beverages, dietary supplements, animal feed, and pharmaceuticals.

Animal feed dominated the global industry in 2025. Compared with pharmaceuticals and dietary supplements, fish powder is utilized in large amounts in aquafeed and pet food to enhance the nutritional quality of feed. Moreover, it provides balanced amino acids and digestible protein, which are essential for animal performance. Additionally, animal-feed grade powder requires less processing than food-grade powders, further eliminating additional expense. Thus, such instances drive the segment's momentum.

The dietary supplements segment is projected to grow at a high CAGR of 7.14% over the forecast period.

Fish Powder Market Regional Outlook

By region, the market is categorized into Europe, North America, Asia Pacific, South America, and the Middle East & Africa.

Asia Pacific

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The Asia Pacific market dominates globally and reached USD 6.58 billion in 2025. The growing demand for fish powder and the expanding dietary supplements sector are key factors boosting the region's potential. In the region, India and China were valued at USD 0.85 billion and USD 2.53 billion, respectively, in 2025.

India Fish Powder Market

The Indian market in 2025 was accounted for USD 0.85 billion, accounting for roughly 9.01% of the global market revenues.

The growing awareness of functional pet food and the rising number of farmed fish are driving factors in the market.

China Fish Powder Market

China's market is projected to be one of the largest worldwide, with revenues accounted for USD 2.53 billion in 2025, accounting for roughly 26.89% of global market sales.

Japan Fish Powder Market

The Japanese market in 2025 reached USD 0.49 billion, accounting for approximately 5.16% of the global market revenues.

Europe

Europe region reached around USD 1.06 billion in 2025, recording a growth rate of 7.07% in the coming years, and secured the second position. The expanding aquaculture and livestock sector and the surging use of fish-based powders in human consumption are propelling the region's potential.

Germany Fish Powder Market

The German market in 2025 valued for USD 0.06 billion, representing roughly 0.62% of the global market revenues.

U.K. Fish Powder Market

The U.K. market was valued at USD 0.13 billion in 2025, equivalent to around 1.42% of the global market sales.

North America

The North America market reached a valuation of USD 0.42 billion in 2025 and holds the third position globally. The market in North America is expected to grow due to the growing use of fish by product in the pharmaceuticals market and technological advancements. Moreover, the improved awareness of the benefits of fish protein powder and new product launches are driving regional growth.

U.S. Fish Powder Market:

Based on North America's strong contribution and the U.S. dominance within the region, the U.S. market reached a valuation of USD 0.25 billion in 2025, accounting for roughly 2.64% of global sales.

South America, the Middle East & Africa

The South America and Middle East & Africa regions are expected to witness moderate growth in this market space during the forecast period. The South America market reached a valuation of USD 0.77 billion in 2025. The robust distribution channel and surging protein demand are expected to drive powder demand. The Middle East and Africa market was valued for USD 0.59 billion in 2025.

Egypt Fish Powder Market

The Egyptian market reached USD 0.13 billion in 2025 representing roughly 1.42% of global revenues.

COMPETITIVE LANDSCAPE

Key Industry Players

New Product Launches Help the Key Industry Players to Improve Their Market Position

The market exhibits a fragmented structure, with intense competition among market players operating in this segment. In this market, the key companies are primarily adopting new product launches as the main strategy. Via this approach, players can cater to rising consumer demands and enhance their brand image.

LIST OF KEY FISH POWDER COMPANIES PROFILED

• Oceana Group Limited (South Africa)
• FF Skagen A/S (Denmark)
• Omega Protein Corporation (U.S.)
• Austevoll Seafood ASA (Norway)
• Pesquera Diamante S.A. (Peru)
• TripleNine Group (Denmark)
• Pelagia AS (Norway)
• Copeinca (Peru)
• Tecnológica de Alimentos S.A. (Peru)
• Rongcheng Blue Ocean Marine Bio-Tech Co., Ltd. (China)

KEY INDUSTRY DEVELOPMENTS

• October 2023: Bluewave Marine Ingredients, a Peru-based ingredients firm, introduced a new fish protein brand, "AminoMarine," across the U.S. market.
• April 2023: MiAlgae, a Scottish biotech enterprise, announced the launch of NaturAlgae, a powder with a concentration of oils and DHA. This powder can be easily added to recipes for aquaculture feed and pet food.

REPORT COVERAGE

The global fish powder market provides an in-depth study of the market size & forecast by all the market segments included in the fish powder market report. The global fish powder market forecast analysis includes details on the market dynamics and global fish powder market trends expected to drive the market during the forecast period. The global fish powder market analysis offers information on the technological advancements, new product launches, key industry developments, and details on partnerships, mergers & acquisitions. The fish powder industry market forecast also encompasses a detailed competitive landscape with information on the market segmentation, market share, and profiles of key operating players.

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