Fishery by Products Market Outlook 2026-2034: Market Share, and Growth Analysis By Product Type, By End-Use Application, By Distribution Channel, By Species

Fishery by Products Market is valued at US$26.3 billion in 2025 and is projected to grow at a CAGR of 7.3% to reach US$49.59 billion by 2034.

Market Overview

The fishery by-products market encompasses a diverse range of products derived from the processing of fish and other aquatic organisms. By utilizing discarded materials such as fish oil, fishmeal, and fish protein, this market plays a crucial role in promoting sustainable practices within the fishing industry. The value chain of this market starts from the collection of raw materials and extends to processing, distribution, and end-use applications. These by-products find applications in various sectors including agriculture, cosmetics, pharmaceuticals, and animal feed, highlighting their versatile nature and economic significance. Recent trends indicate a growing emphasis on sustainability, with increased demand for eco-friendly products driving innovation in the sector.

Demand for fishery by-products is propelled by rising consumer awareness regarding the environmental impact of waste and the benefits of circular economy practices. However, challenges such as regulatory constraints and fluctuating supply chains pose significant hurdles. The competitive landscape is characterized by a mix of small and large players, with innovation and product differentiation being key strategies for market positioning. Regional dynamics vary, with developed markets focusing on advanced processing technologies, while emerging regions emphasize capacity expansion to meet increasing demand. Overall, the fishery by-products market is poised for growth, driven by sustainability initiatives and evolving consumer preferences.

Key Insights

• Recent industry movements highlight a significant shift towards sustainability, with companies investing in research to develop biodegradable and eco-friendly fishery by-products. This trend is especially prevalent in regions with stringent environmental regulations, pushing manufacturers to innovate continuously.
• The rise in consumer awareness regarding the benefits of omega-rich fish oils is driving demand in the nutraceutical sector. This trend has led to increased competition among market players to enhance product quality and expand their distribution networks.
• Challenges such as supply chain disruptions and fluctuating raw material availability have prompted companies to explore alternative sourcing strategies. Collaborations and partnerships within local communities are gaining traction as a viable solution.
• The competitive landscape is increasingly dynamic, with mergers and acquisitions reshaping the market. Companies are focusing on enhancing their production capabilities to gain a competitive edge and cater to the growing demand.
• Regulatory standards continue to evolve, with governments implementing stricter guidelines to ensure product safety and environmental compliance. This has led to increased investments in advanced processing technologies to meet these standards.
• In the cosmetics industry, fishery by-products are gaining popularity due to their natural and sustainable attributes. This trend is particularly strong in regions with a high demand for organic and eco-friendly personal care products.
• Market players are leveraging digital platforms to enhance customer engagement and expand their reach. The adoption of e-commerce is accelerating, providing companies with new avenues for growth and customer interaction.
• Regional momentum is varied, with Asia-Pacific emerging as a key growth area due to its vast aquaculture resources and increasing investments in processing infrastructure. Conversely, mature markets in Europe and North America are focusing on product innovation.
• Environmental challenges, such as ocean pollution and overfishing, are driving the adoption of sustainable sourcing practices. Companies are increasingly participating in conservation initiatives to ensure long-term resource availability.
• Innovation in processing techniques is leading to the development of high-value products, such as protein concentrates and bioactive compounds. These advancements are opening new opportunities across diverse end-use sectors.

Market Segmentation

• Product Type
  • Fresh Fish
  • Frozen Fish
  • Processed Fish
  • Fish Oil
• End-Use Application
  • Food Industry
  • Pharmaceuticals
  • Aquaculture
  • Cosmetics
• Distribution Channel
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online Retail
  • Specialty Stores
• Species
  • Salmon
  • Tuna
  • Cod
  • Sardines

Key Companies Analysed

1. Thai Union Group
2. Marine Harvest ASA
3. Maruha Nichiro Corporation
4. Nippon Suisan Kaisha, Ltd.
5. Cooke Aquaculture Inc.
6. Trident Seafoods Corporation
7. Austral Fisheries
8. Dongwon Industries Co., Ltd.
9. High Liner Foods Inc.
10. Pescanova S.A.
11. Clearwater Seafoods Incorporated
12. American Seafoods Group LLC
13. Austevoll Seafood ASA
14. Pacific Seafood Group
15. Yoshinoya Holdings Co., Ltd.
16. Grupo Bimbo, S.A.B. de C.V.
17. Charoen Pokphand Foods PCL
18. Fujicco Co., Ltd.
19. Blue Harvest Fisheries
20. Sanford Limited
21. Peter Pan Seafoods, Inc.
22. Royal Greenland A/S
23. Kyokuyo Co., Ltd.
24. Silver Bay Seafoods, LLC
25. Tri Marine Group

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Fishery by Products Market_Deep-Dive Intelligence and Scenario-Led Forecasting

This report is designed for decision-makers who need more than a surface-level market snapshot. It combines rigorous analytical methods—Porter’s Five Forces, value chain mapping, supply–demand assessment, and scenario-based modelling—to translate complex market signals into clear, actionable intelligence. Beyond the core market, the analysis evaluates cross-sector influences from parent, derived, and substitute markets to reveal hidden dependencies, exposure points, and demand spillovers that can materially affect strategy.

Clients benefit from a clearer view of “what is driving what” in the ecosystem: trade and pricing analytics track international flows, key importing and exporting regions, and evolving regional price signals that shape profitability and sourcing decisions. Forecast scenarios integrate macroeconomic conditions, policy and regulatory direction (including carbon pricing and energy security priorities), and shifting customer behaviour, enabling leadership teams to stress-test plans, prioritize investments, and build resilient go-to-market and supply strategies with greater confidence.

Fishery by Products Market Competitive Intelligence Built for Strategic Advantage

The report delivers a structured, decision-ready view of the competitive landscape using OG Analysis’ proprietary frameworks. It profiles leading companies across business models, product and service portfolios, operational footprints, financial performance indicators, and strategic priorities—helping clients benchmark competitors and identify capability gaps. Critical competitive moves such as mergers and acquisitions, technology collaborations, investment inflows, and regional expansions are analysed for their real implications on market power, differentiation, and route-to-market strength.

Clients can use these insights to sharpen positioning, validate partnership targets, and anticipate competitor moves before they impact pricing, access, or share. The report also highlights emerging players and innovation-led startups that are reshaping customer expectations and accelerating disruption. Regional intelligence pinpoints attractive investment destinations, evolving regulatory environments, and partnership ecosystems across key energy and industrial corridors—supporting smarter market entry, expansion sequencing, and risk-managed growth strategies.

Countries Covered

• North America — Market data and outlook to 2034
  • United States
  • Canada
  • Mexico
• Europe — Market data and outlook to 2034
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Netherlands
  • Switzerland
  • Poland
  • Sweden
  • Russia
• Asia-Pacific — Market data and outlook to 2034
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Malaysia
  • Vietnam
• Middle East and Africa — Market data and outlook to 2034
  • Saudi Arabia
  • South Africa
  • Iran
  • UAE
  • Egypt
• South and Central America — Market data and outlook to 2034
  • Brazil
  • Argentina
  • Chile
  • Peru

* We can include data and analysis of additional countries on demand.

Fishery by Products Market Report (2024–2034): Research Methodology Built for Confident Decisions

This market report is developed using a robust, buyer-ready research process that blends primary interviews with domain experts across the Fishery by Products value chain and deep secondary research from industry associations, government publications, trade databases, and verified company disclosures. Our analysts apply proprietary modeling techniques—including data triangulation, statistical correlation, and scenario planning—to validate assumptions and deliver dependable market sizing, segmentation, and forecasting outcomes.

For clients, this means the insights are not just descriptive—they are built to support high-stakes decisions such as market entry, capacity planning, pricing and sourcing strategy, competitive positioning, and investment prioritization. The result is a market intelligence package that reduces uncertainty, highlights where the market is going next, and explains the “why” behind the numbers.

Key Strategic Questions Answered in the Fishery by Products Market Study (2024–2034)

This section brings together the most important client questions and the report’s core deliverables in one place—so you can quickly see how the study supports decisions on market entry, expansion, sourcing, pricing, partnerships, and investment. It provides global-to-country level visibility, segment-level prioritisation, supply chain and trade clarity, and competitive benchmarking—so stakeholders can move from market understanding to confident action.

• Market size, share, and forecast clarity: Current and forecast Fishery by Products market size at global, regional, and country levels, including coverage across 5 regions and 27 countries (2024–2034), with the key forces shaping the trajectory.
• High-growth segment identification: Which types, products, applications, technologies, and end-user verticals are positioned for the fastest growth—supported by market size, share, and growth outlook (2024–2034).
• Supply chain resilience and cost impact:(covered as paid customisation) How supply chains are adapting to geopolitical disruptions, sanctions risks, and macroeconomic volatility, including implications for availability, lead times, and cost structure—supported by value chain/supply chain mapping.
• Trade flows and pricing intelligence: Practical “commercial reality checks” with trade analytics, pricing/price-trend analysis, and supply–demand dynamics to support sourcing, pricing strategy, and regional prioritisation.
• Geopolitical impact assessment: Scenario-based evaluation of how major conflict and tension zones (including Russia–Ukraine and broader Middle East dynamics, as well as wider energy and commodity corridor disruptions) influence trade routes, input costs, and supply continuity.
• Policy and sustainability lens: How regulatory frameworks, trade policies, and sustainability targets reshape demand patterns, customer requirements, and investment timing—helping clients anticipate compliance and capture advantage early.
• Competitive landscape and strategic benchmarking: Porter’s Five Forces, technology developments, and competitive positioning—plus profiles of 5 leading companies covering overview, product focus, key strategies, and financial snapshots.
• Regional hotspots and go-to-market guidance: Which regions and customer segments are likely to outperform—and which go-to-market, channel, and partnership models best support entry, scaling, and defensible positioning.
• Investable opportunities and 3–5 year priorities: Where the most attractive opportunities sit across technology roadmaps, sustainability-linked innovation, and M& A, and which segments are best positioned for near- to mid-term investment decisions.
• Latest market developments: A structured view of recent announcements, partnerships, expansions, and strategic moves shaping the Fishery by Products competitive environment—so clients can act on shifts early.

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