Global Fishmeal And Fishoil Market Size was USD 18.90 Billion in 2025, this report covers Market growth, trend, opportunity and forecast from 2026-2032

The Fishmeal And Fishoil market is characterized by intense competition, with a mix of established leaders and innovative challengers driving technological and strategic evolution.

1. Tasa:

   Tasa operates as one of the most influential producers in the global fishmeal and fish oil value chain, with a strong presence in Peru’s anchoveta-based industrial fishery. The company plays a pivotal role in stabilizing supply for aquafeed producers in Asia and Europe, and its scale enables it to influence pricing dynamics in the premium, high-protein fishmeal segment. Its vertically integrated model, from fishing fleets to processing plants and export logistics, underpins its relevance for feed formulators seeking reliable volumes and consistent quality specifications.

   In 2025, Tasa is estimated to generate fishmeal and fish oil related revenue of USD 1.35 billion with a global market share of approximately 7.10% in the Fishmeal And Fishoil market. These figures position Tasa as a top-tier supplier, significantly above the long tail of regional processors that serve only local demand. The combination of high revenue and solid market share signals strong contracting power with global aquafeed majors and animal nutrition companies, as well as robust bargaining leverage with input and logistics partners.

   Tasa’s strategic advantage stems from its access to high-yield anchoveta stocks, sustained investments in modern reduction plants, and a rigorous quality assurance framework that meets stringent requirements in markets such as China, Europe, and North America. The company differentiates itself through traceability systems, sustainability certifications, and the ability to deliver customized fishmeal grades for shrimp, salmon, and high-value marine fish farming. Compared to smaller Peruvian peers, Tasa’s scale allows it to invest more aggressively in by‑product valorization and energy-efficient processing, which supports cost competitiveness and margin resilience even when raw material supply becomes volatile.

2. Oceana Group:

   Oceana Group holds a strong regional position in the Southern African marine ingredients sector, with integrated operations spanning fishing, processing, and export channels. Its fishmeal and fish oil products are critical inputs for poultry, swine, and aquaculture feed manufacturers across Africa and selected international markets. The company’s diversified portfolio, which also includes canned fish and other seafood products, provides a buffer against cyclical swings in fishmeal pricing and raw material availability.

   For 2025, Oceana Group’s fishmeal and fish oil segment is projected to deliver revenue of USD 0.82 billion and capture around 4.30% of the global Fishmeal And Fishoil market. This performance reflects a strong mid‑tier position, where the company is large enough to secure major export contracts but still more regionally concentrated than the largest Peruvian and Nordic players. The revenue scale indicates that Oceana Group can support ongoing capital expenditure in plant modernization, cold chain expansion, and sustainability initiatives without over‑reliance on external financing.

   Oceana Group’s competitive differentiation comes from its established quota access in South African and Namibian waters, experienced fleet operations, and the ability to leverage shared infrastructure across different seafood categories. The company increasingly competes on sustainable sourcing credentials and traceable supply, which are becoming critical purchasing criteria for global feed manufacturers. Compared with more geographically diversified multinationals, Oceana Group’s advantage lies in its deep local regulatory knowledge and strong relationships with regional retailers and feed customers, which support stable offtake for its marine ingredient output.

3. IFFO:

   IFFO functions not as a production company but as a global trade and industry organization representing leading producers and traders of fishmeal and fish oil. Its role in the Fishmeal And Fishoil market is primarily strategic and regulatory rather than commercial, shaping technical standards, sustainability benchmarks, and best practices that influence how producers operate and how buyers evaluate marine ingredients. IFFO’s research, technical guidance, and stakeholder engagement have a direct impact on market transparency, perceived risk, and long‑term demand for certified fishmeal and fish oil.

   Because IFFO is not a manufacturing enterprise, it does not generate conventional product revenue or hold a direct market share in fishmeal and fish oil sales. For analytical consistency, its 2025 revenue from membership fees, services, and related activities can be considered modest relative to producers, at about USD 0.03 billion with a functional influence rather than a transactional market share of roughly 0.10% in economic terms. These numbers underscore that IFFO’s significance is not driven by sales volume but by its ability to support a market of USD 18.90 billion in 2025 through governance, data, and technical frameworks.

   IFFO’s strategic advantage lies in its neutral position between producers, regulators, and downstream stakeholders in aquaculture, livestock, and pet nutrition. By coordinating sustainability certification pathways, developing guidelines for responsible sourcing, and aggregating production and trade statistics, IFFO helps reduce information asymmetry and supports more efficient capital allocation into the marine ingredients sector. This role differentiates it from commercial entities, as IFFO effectively shapes the rules of competition and supports long‑term demand for responsibly produced fishmeal and fish oil, which benefits compliant members relative to less regulated competitors.

4. Pelagia AS:

   Pelagia AS is a major Nordic marine ingredients producer with operations spanning Norway, the United Kingdom, and other North Atlantic locations. The company is deeply integrated into the pelagic fishery value chain, converting species such as herring and mackerel into high-quality fishmeal and fish oil for use in salmonid aquaculture, livestock feed, and specialized nutrition applications. Pelagia’s strong footprint in Norway positions it close to some of the world’s most advanced salmon farming clusters, ensuring steady demand for premium protein and omega‑3 rich oils.

   In 2025, Pelagia AS is expected to reach fishmeal and fish oil related revenue of approximately USD 1.10 billion, corresponding to a global market share of about 5.80%. This scale places Pelagia among the leading European marine ingredient suppliers, competing head‑to‑head with Peruvian and Danish producers for high-value contracts. The strong revenue base reflects not only volume but also a focus on higher specification products tailored to the needs of salmon feed formulators that prioritize digestibility and consistent amino acid profiles.

   Pelagia’s core capabilities include a network of modern reduction plants located close to landing ports, rapid raw material handling to preserve freshness, and advanced refining technologies for concentrated fish oils. Its differentiation versus peers stems from its close integration with Nordic aquaculture customers, ensuring rapid product feedback loops and co‑development of feed solutions that address growth performance, feed conversion ratios, and fish health. Compared with more commodity‑oriented suppliers, Pelagia emphasizes value‑added product development and long‑term strategic partnerships, which helps secure multi‑year supply agreements and reduces exposure to spot market volatility.

5. Copeinca:

   Copeinca is a key Peruvian fishmeal and fish oil producer, leveraging access to one of the world’s most productive upwelling ecosystems. The company has built its role around large‑scale anchoveta landing and efficient industrial reduction, providing significant volumes of standardized fishmeal grades to global feed producers. Its presence is particularly important to buyers that require diversified sourcing within Peru to reduce single‑supplier risk while still accessing competitive pricing and scale.

   For 2025, Copeinca’s fishmeal and fish oil operations are projected to generate revenue of USD 0.90 billion with a market share of roughly 4.80% in the Fishmeal And Fishoil sector. This indicates a strong but slightly second‑tier position compared with the very largest Peruvian producers, while still comfortably above smaller regional competitors. The revenue level demonstrates that Copeinca remains a critical supplier to major importers in China and other Asian markets that rely heavily on Peruvian origin fishmeal for shrimp and fish feed.

   Copeinca’s competitive strengths include a sizable licensed fleet, strategically located plants along the Peruvian coast, and a focus on optimizing yield from raw material through process improvements and by‑product utilization. The company differentiates itself through investments in environmental controls and community relations, which are increasingly important for maintaining operational continuity in sensitive fishing regions. Compared to some peers, Copeinca has prioritized operational efficiency and cost management, allowing it to remain competitive during El Niño‑affected seasons when supply constraints can pressure margins and shift bargaining power to suppliers with lower cost bases and stronger balance sheets.

6. FF Skagen A/S:

   FF Skagen A/S is a prominent Danish producer of fishmeal and fish oil, with a reputation for high-quality marine ingredients derived primarily from North Sea and Baltic fisheries. The company plays a vital role in supplying feed manufacturers across Europe, particularly those serving aquaculture segments such as trout, sea bass, and sea bream, as well as pig and poultry integrators. Its brand is closely associated with consistent product specifications and rigorous quality control, which supports premium positioning in certain feed formulations.

   In 2025, FF Skagen A/S is expected to deliver revenue of approximately USD 0.55 billion and command a global market share near 2.90% in the Fishmeal And Fishoil market. These figures place the company in a solid mid‑sized category: it is large enough to influence regional supply dynamics, yet small enough to focus on specialized customer segments and tailored product offerings. The revenue scale indicates that FF Skagen is a relevant strategic supplier for European feed majors that prioritize reliable quality and proximity over purely lowest-cost sourcing.

   FF Skagen A/S differentiates itself through its emphasis on traceable raw materials, modern production facilities, and the ability to produce specific meal and oil grades optimized for European aquaculture species. Its strategic advantage lies in its proximity to EU feed and livestock markets, reducing shipping times and offering lower logistics risks compared with intercontinental supply chains. Relative to globally diversified competitors, FF Skagen competes on regional intimacy, technical support to formulation teams, and the flexibility to adjust product characteristics based on evolving regulatory and nutritional requirements in the European Union.

7. Austevoll Seafood ASA:

   Austevoll Seafood ASA is a diversified Norwegian seafood group with substantial exposure to fishmeal and fish oil through its ownership stakes in marine ingredient operations in Norway, Peru, and other regions. The company’s role in the Fishmeal And Fishoil market is tied to its integration across fishing, processing, and downstream seafood products, enabling it to balance returns between commodity marine ingredients and value-added seafood items. This diversification enhances its resilience against volatility in fishmeal prices and quota adjustments.

   For 2025, Austevoll Seafood ASA’s fishmeal and fish oil related activities are estimated to generate revenue of USD 1.25 billion, corresponding to a market share of around 6.60%. These levels place Austevoll among the global leaders in marine ingredients, with a footprint that spans both the South Pacific and North Atlantic production hubs. The strong revenue base underscores the company’s importance as a core supplier to large aquafeed manufacturers, particularly those serving the salmon, trout, and marine fish farming industries.

   Austevoll’s strategic advantages include geographic diversification, a broad species portfolio, and operational synergies between its fishmeal production and other seafood businesses. This structure allows the company to shift raw material streams between direct human consumption and reduction, depending on relative margins and market conditions. Compared with specialized fishmeal producers, Austevoll benefits from more flexible asset utilization and exposure to consumer seafood brands, which can support higher overall returns on capital and a more balanced risk profile across cycles in the Fishmeal And Fishoil market.

8. Pesquera Diamante:

   Pesquera Diamante is a significant Peruvian producer focused on fishmeal and fish oil derived from anchoveta and other small pelagic species. The company serves a wide range of global customers, including major aquafeed manufacturers in Asia and integrated livestock feed producers worldwide. Its operations are strategically located to capture peak fishing seasons and maximize raw material throughput during periods of high biomass.

   In 2025, Pesquera Diamante is projected to achieve fishmeal and fish oil revenue of USD 0.78 billion with an estimated global market share of 4.10%. This places the company in the upper mid‑tier among Peruvian and global producers, indicating a strong role in supplying benchmark quality fishmeal that often sets price references in key importing markets. The revenue level suggests sufficient financial capacity to maintain and upgrade fishing fleets and plants, which is crucial in a sector increasingly scrutinized for efficiency and environmental performance.

   Pesquera Diamante’s competitive differentiation stems from its emphasis on operational reliability, timely deliveries, and adherence to environmental regulations in Peru. The company invests in vessel monitoring, process optimization, and waste management technologies, which help maintain compliance and improve yield per ton of raw fish. Compared to smaller independent producers, Pesquera Diamante can offer larger contract volumes and more stable supply commitments, making it an attractive partner for large feed integrators that prioritize security of supply and predictable product quality in their procurement strategies.

9. Omega Protein Corporation:

   Omega Protein Corporation, based in North America, is a prominent producer of fishmeal and fish oil derived primarily from menhaden fisheries in the Gulf of Mexico and Atlantic coast. The company’s products are widely used in aquaculture, livestock feed, and human nutrition applications, including refined omega‑3 supplements. Its role in the Fishmeal And Fishoil market is unique, as it bridges commodity feed ingredients and higher-value nutraceutical oil segments.

   In 2025, Omega Protein Corporation is expected to generate revenue of about USD 0.88 billion from fishmeal and fish oil, capturing an estimated 4.70% global market share. These metrics position the company as a key Western Hemisphere supplier and a strategic counterpart to Peruvian and Nordic producers. The revenue scale also reflects the company’s ability to extract value from both bulk fishmeal and more sophisticated refined oils that command higher margins in human nutrition channels.

   Omega Protein’s core strengths include exclusive access to well‑managed menhaden fisheries, vertically integrated processing infrastructure, and refined oil facilities capable of producing concentrated omega‑3 products. The company differentiates itself by combining feed-grade and food-grade production capabilities, thereby diversifying revenue streams and reducing dependency on any single end-market. Compared with peers focused solely on aquafeed, Omega Protein can leverage its nutraceutical presence to capture additional value from fish oil fractions, reinforcing its competitive positioning even when feed markets face cyclical downturns.

10. TripleNine Group A/S:

    TripleNine Group A/S is a Danish-based marine ingredients producer with operations in Denmark and Norway, supplying fishmeal and fish oil to aquaculture and livestock feed industries worldwide. The company sources raw materials primarily from North Atlantic fisheries and by‑products from the seafood processing sector, enabling a circular approach to resource utilization. Its products are particularly important for feed manufacturers seeking consistent, high-protein fishmeal and stable omega‑3 profiles for fish and shrimp feeds.

    For 2025, TripleNine Group A/S is projected to reach fishmeal and fish oil revenue of USD 0.73 billion and a global market share of approximately 3.90%. This positions the company as a substantial mid‑sized player with strong regional influence and growing global reach. The revenue performance underscores TripleNine’s ability to compete with larger integrated groups by focusing on efficiency, quality, and long‑term relationships with feed customers.

    TripleNine’s strategic advantages include its use of both wild-caught fish and trimmings, which helps stabilize raw material supply and supports sustainability credentials valued by European retailers and consumers. The company differentiates itself through continuous process optimization, energy-efficient plant operations, and collaborative development with aquafeed formulators to fine‑tune protein content, digestibility, and pellet performance. Relative to some of its larger competitors, TripleNine emphasizes agility and customer-centric product customization, which can be particularly attractive to specialized feed producers and niche aquaculture segments.

11. Pesquera Exalmar:

    Pesquera Exalmar is a notable Peruvian fishing and fishmeal company with a significant presence in the anchoveta fishery. It plays a crucial role in exporting fishmeal and fish oil to major aquaculture and livestock feed markets, especially in Asia. The company’s operations encompass both direct human consumption products and industrial reduction, allowing it to balance product flows based on market conditions and raw material availability.

    In 2025, Pesquera Exalmar’s fishmeal and fish oil business is expected to generate revenue of USD 0.62 billion, representing an estimated 3.30% share of the global Fishmeal And Fishoil market. These figures highlight Exalmar’s status as an important but not dominant supplier, with sufficient scale to serve large contracts but still more focused compared with Peru’s largest players. The revenue level indicates a solid capacity to invest in fleet upgrades, processing technology, and environmental management systems.

    Pesquera Exalmar’s competitive differentiation lies in its operational flexibility between human consumption and reduction, its established export channels to China and other Asian markets, and its ability to respond quickly to changes in quota allocations and fishing conditions. The company focuses on reliability and regulatory compliance to retain access to key export markets with stringent import requirements. Against smaller domestic competitors, Exalmar’s advantage is its wider product portfolio and more sophisticated logistics, providing customers with a combination of stable volumes and competitive pricing.

12. Olvea Fish Oils:

    Olvea Fish Oils is a specialized producer and trader of fish oils, with a strong focus on supplying refined and semi‑refined marine oils to the food, nutraceutical, cosmetics, and animal nutrition industries. While fishmeal is not its primary focus, the company’s role in the Fishmeal And Fishoil market centers on the value-added fish oil segment, particularly customers seeking standardized fatty acid profiles and sustainable sourcing credentials. Olvea’s operations span sourcing, refining, and distribution across Europe and other regions.

    In 2025, Olvea Fish Oils is estimated to achieve revenue of about USD 0.27 billion from fish oil related activities, accounting for a global market share near 1.40% within the Fishmeal And Fishoil market. While this share is modest compared with large commodity producers, it reflects a focused strategy on higher-margin, value-added oil products rather than bulk fishmeal. The revenue base highlights the company’s relevance in specialized segments that require refined marine oils meeting strict quality and purity standards.

    Olvea’s core strengths include expertise in sourcing from multiple origins, advanced refining capabilities, and the ability to deliver customized oil blends that meet specific omega‑3, omega‑6, and trace contaminant requirements. The company differentiates itself by emphasizing sustainability certifications, full traceability, and close technical collaboration with customers in the nutraceutical and personal care sectors. Compared with large integrated fishmeal and fish oil producers, Olvea competes less on volume and more on formulation support, quality assurance, and the ability to address niche application requirements where reliability and technical support are more critical than lowest-cost bulk supply.

13. Sodrugestvo Group:

    Sodrugestvo Group is a diversified agro-industrial conglomerate based in Eastern Europe, primarily known for oilseeds crushing and protein meal production, but also active in the trade and distribution of fishmeal and fish oil. In the Fishmeal And Fishoil market, its role centers on logistics, storage, and distribution rather than large-scale primary production. The company leverages its extensive port and rail infrastructure to move marine ingredients efficiently into feed markets in Europe, the Commonwealth of Independent States, and other regions.

    In 2025, Sodrugestvo Group’s fishmeal and fish oil related trading and distribution activities are expected to contribute revenue of approximately USD 0.40 billion, equating to a global market share of around 2.10%. This reflects a role that is significant in terms of traded volumes and regional reach, even though the company is not a dominant primary producer. The revenue profile indicates that Sodrugestvo captures value from integrating marine ingredients into broader protein commodity flows, offering bundled solutions to compound feed manufacturers.

    Sodrugestvo’s strategic advantage lies in its multi-commodity logistics platform, which allows it to combine fishmeal and fish oil with soymeal, rapeseed meal, and other protein ingredients into optimized supply programs for feed integrators. The company differentiates itself through scale in warehousing, port handling, and rail transport, enabling competitive delivered costs and reliable just‑in‑time supply. Compared with pure-play fishmeal producers, Sodrugestvo competes on supply chain efficiency and its ability to help customers manage procurement risk across a basket of protein meals, rather than on origin production costs alone.

14. Siam Canadian Group:

    Siam Canadian Group is best known as a global frozen seafood trader, but it also participates in the Fishmeal And Fishoil market through sourcing and distribution of marine ingredients, particularly in Asia. The company leverages its strong procurement networks, quality control systems, and customer relationships in seafood to expand into supplying fishmeal and fish oil to regional feed manufacturers and integrators. Its role is therefore primarily that of a trading intermediary and value-added distributor rather than a primary producer.

    For 2025, Siam Canadian Group’s fishmeal and fish oil activities are estimated to generate revenue of USD 0.22 billion, corresponding to an approximate market share of 1.20% globally. These figures indicate a niche but strategically relevant position, particularly in Southeast Asian markets where the company can bundle seafood, by‑products, and marine ingredients to serve integrated aquaculture clients. The revenue contribution, while modest relative to global leaders, enhances the group’s role as a one‑stop procurement partner for many regional customers.

    Siam Canadian Group’s competitive differentiation stems from its deep understanding of Asian seafood supply chains, flexible sourcing from multiple origins, and its ability to manage quality and documentation to meet varied regulatory requirements. The company competes through agility, responsiveness, and customized logistics solutions, rather than through control of fishing quotas or processing assets. Compared to large integrated producers, Siam Canadian’s advantage is its asset‑light trading model, which allows rapid adjustment of sourcing patterns in response to changes in quotas, weather events, or regulatory shifts affecting the Fishmeal And Fishoil market.

15. Marvesa Holding NV:

    Marvesa Holding NV is a feed ingredient company focused on supplying oils, fats, and related nutritional components to the animal nutrition and aquaculture industries. In the Fishmeal And Fishoil market, Marvesa plays a specialized role as a processor and supplier of blended marine and vegetable oil products, as well as a distributor of fish oil for feed applications. Its portfolio enables feed producers to fine‑tune energy density, palatability, and fatty acid profiles in aquafeeds and compound feeds.

    In 2025, Marvesa Holding NV’s fish oil and marine ingredient related business is projected to generate revenue of around USD 0.30 billion, which equates to an estimated 1.60% share of the global Fishmeal And Fishoil market. This revenue and market share reflect a focused, value-added positioning rather than bulk commodity dominance. The company’s scale allows it to be a meaningful partner for European and global feed manufacturers that require consistent quality and tailored fat blends.

    Marvesa’s core capabilities include expertise in lipid chemistry, blending technologies, and nutritional formulation support, which distinguish it from producers that simply sell unblended fish oil. Its competitive advantage lies in the ability to combine marine oils with alternative lipid sources such as vegetable oils and specialty fats, helping feed formulators manage cost, performance, and sustainability trade‑offs. Compared with large integrated fishmeal and fish oil producers, Marvesa concentrates on downstream value creation and technical service, aligning its strategy with customers that prioritize optimized feed performance and flexible formulation over direct access to primary marine raw materials.