Fish Powder

Global Fish Powder Market to Reach US$11.6 Billion by 2030

The global market for Fish Powder estimated at US$8.8 Billion in the year 2024, is expected to reach US$11.6 Billion by 2030, growing at a CAGR of 4.6% over the analysis period 2024-2030. Whole Fish Source, one of the segments analyzed in the report, is expected to record a 3.8% CAGR and reach US$7.4 Billion by the end of the analysis period. Growth in the By-product Source segment is estimated at 6.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.4 Billion While China is Forecast to Grow at 7.2% CAGR

The Fish Powder market in the U.S. is estimated at US$2.4 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2030 trailing a CAGR of 7.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.2% and 4.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Global Fish Powder Market – Key Trends & Drivers Summarized

Why Is Fish Powder Emerging as a Nutritional Powerhouse Across Diverse Applications?

Fish powder is rapidly gaining momentum as a versatile, protein-rich ingredient in both human and animal nutrition segments due to its dense nutrient profile and long shelf life. Produced from whole fish or fish processing by-products through drying and milling, fish powder contains essential amino acids, omega-3 fatty acids, vitamins, and minerals, making it an attractive option for fortifying food products and formulating nutritionally complete animal feeds. In human nutrition, fish powder is increasingly used in infant foods, soups, sauces, snacks, and meal supplements, particularly in regions battling malnutrition. Its use in food fortification programs has seen strong support from government and non-governmental organizations due to its affordability, bioavailability, and ease of incorporation into daily diets. Simultaneously, the animal feed sector—particularly aquafeed and poultry—relies heavily on fish powder for its digestibility and growth-promoting properties. This dual applicability, combined with rising global demand for sustainable, high-protein ingredients, has positioned fish powder as a critical input in food security and livestock productivity strategies across both developed and emerging markets.

How Are Processing Technologies and Value-Added Innovations Reshaping the Fish Powder Market?

The fish powder market is undergoing significant transformation as innovations in processing technology and product development improve quality, shelf stability, and usability across applications. Advanced drying techniques such as spray drying, vacuum drying, and freeze drying are being used to retain more of the product’s nutritional integrity and reduce oxidation, resulting in powders with higher protein content, better taste profiles, and longer shelf life. Enhanced milling technologies are also enabling finer particle sizes, making fish powder easier to blend into food products without altering texture or mouthfeel. In parallel, companies are investing in flavor-masking, odor-reduction, and encapsulation techniques to improve consumer acceptance, especially in human-grade applications. Functional fish powder variants enriched with specific nutrients such as DHA, EPA, and calcium are being launched to cater to niche health markets, including geriatrics, sports nutrition, and therapeutic supplements. Sustainable sourcing practices and traceable supply chains are further adding value, with certifications for marine stewardship and quality assurance gaining importance among end-users. These technological and value-added advancements are broadening the appeal of fish powder, making it a more competitive and customizable ingredient across diverse industries.

What Sustainability and Market Access Challenges Are Influencing Global Dynamics?

Despite its growing popularity, the fish powder market is closely intertwined with global concerns around marine sustainability, raw material availability, and regulatory compliance. Overfishing, illegal fishing practices, and declining fish stocks pose risks to long-term supply consistency, prompting increased scrutiny of sourcing practices and a push toward using processing waste and non-food grade fish to create value-added by-products. Governments and regulatory bodies are enforcing stricter environmental and hygiene standards for fish powder production, especially for export markets, requiring manufacturers to invest in upgraded facilities and traceability systems. Trade restrictions, tariffs, and health safety protocols can also create barriers for producers in developing economies seeking to tap into global demand. On the consumer side, cultural preferences, dietary restrictions, and concerns over marine pollution (such as heavy metals and microplastics) may limit adoption in certain regions. However, the industry is actively addressing these concerns through sustainability certifications, eco-labeling, and quality testing measures that assure product integrity. As global markets place increasing value on transparency and environmental responsibility, producers who align with these expectations are more likely to gain access to premium segments and long-term export contracts.

What Are the Key Factors Driving Global Demand for Fish Powder Across Applications?

The growth in the fish powder market is driven by several factors related to food and feed industry needs, health and wellness trends, processing innovations, and regional nutritional priorities. In the food sector, the rising demand for clean-label, protein-rich, and micronutrient-dense ingredients is spurring the inclusion of fish powder in health foods, snacks, and fortified staple products. Government nutrition programs in Africa, South Asia, and Latin America are also incorporating fish powder into school feeding and maternal health initiatives due to its affordability and proven impact on malnutrition reduction. In animal nutrition, the expansion of aquaculture and commercial poultry farming—especially in Asia-Pacific—is creating sustained demand for digestible, protein-intensive feed ingredients. The growing preference for circular economy models and zero-waste processing is encouraging seafood processors to convert waste streams into high-value fish powder. Moreover, increased investment in cold chain infrastructure and marine processing facilities in coastal economies is expanding production capacity and market reach. With a supportive landscape of health awareness, technological advancement, and sustainable sourcing, fish powder is poised for robust growth as a multifunctional ingredient catering to evolving nutritional, industrial, and ecological needs worldwide.

SCOPE OF STUDY:

The report analyzes the Fish Powder market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Source (Whole Fish Source, By-product Source); Application (Swine Application, Aquaculture Application, Poultry Application, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 42 Featured) -

• Austevoll Seafood ASA
• Bio-Marine Ingredients Ireland Ltd.
• Biomega AS
• BioOregon Protein, Inc.
• Empresas Copec S.A.
• FF Skagen A/S
• Hangzhou Nutrition Biotechnology Co., Ltd
• Hayduk Corporación S.A.
• Hofseth BioCare ASA
• Janatha Fish Meal & Oil Products
• Mukka Proteins Limited
• Oceana Group Limited
• Omega Protein Corporation
• Pelagia AS
• Pesquera Diamante S.A.
• Sardina D.O.O.
• Scanbio Marine Group AS
• Sürsan A.S.
• The Scoular Company
• TripleNine Group A/S

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

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CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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