US Fishmeal Market Size was estimated at 1.16 (USD Billion) in 2023. The US Fishmeal Market Industry is expected to grow from 1.5(USD Billion) in 2024 to 3 (USD Billion) by 2035. The US Fishmeal Market CAGR (growth rate) is expected to be around 6.504% during the forecast period (2025 - 2035).
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Key US Fishmeal Market Trends Highlighted
The US Fishmeal Market is experiencing significant market trends driven by various factors. One key driver is the increasing demand for aquaculture, which is vital for supporting sustainable seafood production. As the U.S. population becomes more health-conscious and seeks sustainable protein sources, the consumption of fish has risen. This growth in aquaculture requires a consistent supply of nutritionally balanced feed, making fishmeal an essential component. Another important market driver is the emphasis on environmental sustainability and responsible fishing practices. Regulatory bodies in the U.S. are focusing on promoting sustainable fishmeal production, encouraging businesses to adopt eco-friendly practices.Opportunities within the US Fishmeal Market can be captured through the development of innovative fishmeal products tailored for specific applications, such as organic farming or high-nutrition diets for livestock. The potential for integrating fishmeal in pet food, animal feed, and functional food products could lead to new market segments. Furthermore, as consumers become more aware of the benefits of omega-3 fatty acids found in fishmeal, companies that market products highlighting these nutritional advantages could see increased sales. Recent trends show a rise in collaborations between fishmeal producers and aquaculture farms aimed at increasing operational efficiency and product quality.Additionally, technological advancements in processing techniques are allowing for better retention of nutrients during production, appealing to health-conscious consumers. The growing recognition of fishmeal's role in sustainable agriculture and livestock feed, combined with the rising popularity of aquaculture, underscores the importance of the US Fishmeal Market in promoting food security and environmental consciousness in the United States.
US Fishmeal Market Drivers
Rising Demand for Aquaculture Feed
The increasing demand for aquaculture feed is one of the most prominent drivers for the US Fishmeal Market Industry. According to the United States Department of Agriculture (USDA), aquaculture production in the US has seen a steady growth, reaching approximately 600 million pounds in recent years. This surge is mainly attributed to the rising consumption of seafood among American consumers, who have shown a preference for fish as a source of lean protein.Furthermore, with the National Oceanic and Atmospheric Administration (NOAA) indicating that the US seafood market is expected to grow at a rate of 2% annually, the need for high-quality fishmeal products to support aquaculture operations continues to rise. Additionally, the USDA's Economic Research Service has projected that fish consumption will increase by about 15% over the next decade, emphasizing the critical role that fishmeal plays in ensuring sustainable aquaculture practices and feeding the growing population.This increasing demand for fishmeal in aquaculture feeds is thus a significant factor driving the growth of the US Fishmeal Market.
Health Benefits of Fish Consumption
The health benefits associated with fish consumption is another crucial driver for the US Fishmeal Market Industry. Research from the Centers for Disease Control and Prevention (CDC) indicates that fish is rich in omega-3 fatty acids, which are essential for heart health and cognitive function. As health awareness increases, more consumers are opting for fish as a dietary choice. The CDC has reported that only 20% of Americans meet the recommended intake for seafood, suggesting a considerable growth potential in fish consumption.Furthermore, data from the American Heart Association indicates that regular fish consumption can reduce the risk of heart disease by 36%. This growing awareness and inclination towards consuming healthier diets are likely to increase the demand for high-quality fishmeal as an ingredient in various food products, thereby propelling the US Fishmeal Market.
Expansion of Pet Food Sector
The expansion of the pet food sector has become a significant driver in the US Fishmeal Market Industry. According to the American Pet Products Association (APPA), pet ownership has seen a consistent rise, with approximately 67% of US households owning a pet as of recent estimates. This increase in pet ownership correlates with a growing demand for high-protein, nutritious pet food options, where fishmeal serves as a vital ingredient due to its high protein content and essential fatty acids.Additionally, the Pet Food Institute has reported that the pet food market is expected to grow at a compound annual growth rate of 4.5% over the next five years, positioning fishmeal as an important component in this burgeoning industry. As pet owners increasingly seek out premium pet food that harnesses the nutritional benefits of fish, the demand for fishmeal will continue to climb, boosting the overall growth of the US Fishmeal Market.
US Fishmeal Market Segment Insights
Fishmeal Market Source Insights
The Source segment of the US Fishmeal Market plays a crucial role in shaping the industry's landscape and is characterized by a diverse range of sources, including Salmon and Trout, Marine Fish, Crustaceans, Tilapia, and others, each contributing unique attributes. Salmon and Trout are particularly significant due to their high protein content and the growing demand for omega-3 fatty acids, which align with health-conscious dietary trends in the US. This trend has prompted fishmeal producers to prioritize the sustainability of these species, as they are increasingly sought after in both aquaculture and animal feed sectors.Marine Fish also dominate the market, as they are a natural source of fishmeal that boasts essential nutrients and amino acids important for aquaculture feed formulations. Crustaceans represent an emerging segment, driven by their increasing popularity in seafood consumption and their nutritional profile, thereby providing opportunities for specialized fishmeal products designed to meet the needs of aquaculture operations focused on shrimp and other shellfish cultivation. Tilapia, known for its adaptability in various farming environments, further enhances the market, allowing for a steady supply of fishmeal which is vital for animal nutrition.Other sources, though varied, contribute to the diversification of the fishmeal landscape, catering to niche markets and specific dietary needs within the aquaculture industry. As consumer preferences shift towards more sustainable and health-oriented products, the US Fishmeal Market is seeing an upward trend in the utilization of these diverse sources, driving innovation and growth in fishmeal production. These dynamics reflect the broader patterns within the US Fishmeal Market, highlighting critical trends such as sustainability, nutritional enhancement, and increased demand for various feed types in aquaculture practices.Ultimately, this Source segment serves as a foundation for meeting the growing feed requirements, positioning the US Fishmeal Market for ongoing development and resilience in the face of evolving consumer and regulatory demands.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Fishmeal Market Livestock Insights
The Livestock segment of the US Fishmeal Market plays a crucial role in the agricultural industry, providing essential nutrients for a variety of animal species. Ruminants, such as cattle and sheep, benefit significantly from fishmeal due to its rich protein content, which supports healthy growth and milk production. Poultry, being one of the largest consumers of fishmeal, leverages its high amino acid profile to enhance meat quality and overall health in birds. In the swine industry, fishmeal serves as a vital source of high-quality protein, fostering optimal growth rates and feed efficiency.Aquatic animals also represent a significant portion of the livestock segment, where fishmeal is utilized in aquaculture feed to ensure healthy and sustainable fish farming practices. Additionally, others in the livestock category encompass diverse animals, which further highlights the extensive applicability of fishmeal across various sectors. The increasing focus on sustainable animal husbandry practices and the demand for high-quality animal protein are driving the growth of the Livestock segment, underscoring its importance within the broader US Fishmeal Market.Overall, with the strong emphasis on nutrient-rich feed, the Livestock segment of this market remains pivotal for meeting the rising needs of animal agriculture in the United States.
Fishmeal Market Application Insights
The Application segment of the US Fishmeal Market plays a crucial role in driving the industry, primarily through its utilization in Fertilizers, Animal Feed, and other applications. Fishmeal is rich in nutrients, making it an essential component in Fertilizers which enhance soil health and promote crop growth, dealing with the rising demand for organic farming in the US. Furthermore, the Animal Feed sector significantly benefits from fishmeal's high protein content, supporting the livestock and aquaculture industries in meeting the demands of a growing population.The blend of essential fatty acids and amino acids found in fishmeal is a major contributor to the health and growth of animals, rendering it a preferred choice among farmers and feed manufacturers. Other applications also include niche sectors that leverage fishmeal formulations for specific dietary requirements, highlighting the material's versatility. Given the projected growth of the US fishmeal market, the trends indicate a continuous expansion driven by sustainability practices, regulatory support for organic products, and the increasing awareness of the nutritional benefits of fishmeal across various sectors.Thus, the Application segment remains a significant area of interest within the overall US Fishmeal Market revenue landscape.
US Fishmeal Market Key Players and Competitive Insights
The US Fishmeal Market is characterized by intense competition among various players, driven by the growing demand for fishmeal as a high-protein feed ingredient in aquaculture, livestock, and pet food industries. This market operates within a framework of strict environmental regulations and sustainability practices, which influence production methods, sourcing, and distribution channels. Companies are increasingly focusing on innovations in processing techniques and striving to enhance product quality to maintain a competitive edge. Furthermore, strategic partnerships, mergers, and acquisitions are becoming more prevalent as businesses seek to broaden their market presence and capitalize on synergies that enhance operational efficiencies. The interplay of demand dynamics, price fluctuations, and consumer preferences plays a crucial role in shaping the competitive landscape, pushing companies to adapt and evolve continuously in response to market trends.Columbia River Packers Association has established a strong foothold within the US Fishmeal Market, thanks in part to its commitment to sustainable fishing practices and the responsible sourcing of raw materials. The organization enjoys a reputation for producing high-quality fishmeal, which is a significant asset in attracting customers from various sectors, including aquaculture and animal feed manufacturers. With a well-organized supply chain and a focus on innovation, Columbia River Packers Association has the capability to adapt to evolving market demands, enabling it to sustain its competitive advantage. Its strategic location along the Columbia River provides access to abundant fish stocks, which enhances production efficiency and provides opportunities for expanding its market reach.Omega Protein is a leading player in the US Fishmeal Market, recognized for its comprehensive portfolio of products, including fishmeal and fish oil, that cater to various sectors such as aquaculture, livestock feed, and dietary supplements. The company's strong market presence stems from its dedication to sustainable practices and its innovations in production processes. Omega Protein leverages its extensive distribution network to reach a wide range of customers across the United States. The company has engaged in strategic mergers and acquisitions to enhance its operational capabilities and expand its product offerings. These efforts have allowed Omega Protein to not only improve its market position but also solidify its reputation as a reliable supplier of high-quality fishmeal. Additionally, its commitment to research and development ensures that it remains at the forefront of industry advancements, responding effectively to changing consumer demands and preferences.
Key Companies in the US Fishmeal Market Include
US Fishmeal Market Industry Developments
There have been significant developments in the US Fishmeal Market recently. In August 2023, Omega Protein announced its expansion in the Southern California market by launching new fishmeal products, capitalizing on increasing demand for sustainable seafood options. Meanwhile, the Columbia River Packers Association has reported a steady rise in fishmeal production due to improved fishing quotas and sustainable practices. Additionally, in June 2023, Sierra Fishmeal experienced a growth in market valuation as a result of partnerships with local fisheries emphasizing eco-friendly sourcing methods. Trident Seafoods enhanced its position in the market by acquiring a minor fish processing facility in July 2023, which aligns with its strategy to boost production capacity. The advent of sustainability practices is also evident, as companies like Diana Group are investing in Research and Development to improve fishmeal quality and sustainability. Moreover, Pesquera Diamante has increased its export capabilities, reflecting a growing domestic and international demand for fishmeal. Over the past two to three years, there has been a trend towards eco-conscious sourcing and production methods among key players, shaping the landscape of the US Fishmeal Market.
US Fishmeal Market Segmentation Insights
Fishmeal Market Source Outlook
Fishmeal Market Livestock Outlook
Fishmeal Market Application Outlook
| Report Attribute/Metric Source | Details |
| MARKET SIZE 2018 | 1.16(USD Billion) |
| MARKET SIZE 2024 | 1.5(USD Billion) |
| MARKET SIZE 2035 | 3.0(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 6.504% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Columbia River Packers Association, Omega Protein, Sierra Fishmeal, Diana Group, Trident Seafoods, Sustainability Seafood, Wanchese Fish Company, Austevoll Seafood, Pesquera Diamante, SeaFish Enterprise, Aller Aqua, Marine Harvest, Fishermen's Finest, Nutreco |
| SEGMENTS COVERED | Source, Livestock, Application |
| KEY MARKET OPPORTUNITIES | Sustainable aquaculture growth, Increasing demand for protein, Biosecurity and health benefits, Expansion in pet food industry, Rising fishmeal substitutes innovation |
| KEY MARKET DYNAMICS | increased aquaculture demand, sustainable sourcing practices, regulatory compliance challenges, price volatility of raw materials, competition from alternative proteins |
| COUNTRIES COVERED | US |
Frequently Asked Questions (FAQ) :
The US Fishmeal Market is expected to be valued at 1.5 billion USD in 2024.
By 2035, the US Fishmeal Market is projected to reach a value of 3.0 billion USD.
The US Fishmeal Market is expected to grow at a CAGR of 6.504% from 2025 to 2035.
The Marine Fish sub-segment is expected to dominate, projected to reach 0.9 billion USD in 2035.
The Salmon & Trout segment is valued at 0.35 billion USD in 2024 and 0.7 billion USD in 2035.
Key players include Omega Protein, Trident Seafoods, and Austevoll Seafood among others.
The Crustaceans sub-segment is expected to reach 0.6 billion USD by 2035.
The Tilapia segment is projected to grow to 0.4 billion USD by 2035.
There are significant growth opportunities driven by increasing demand for aquaculture feed.
The market is expected to become increasingly competitive with rising demand and innovation among players.
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Senior Research Analyst I have a bachelor's degree in mechanical engineering and an mba. i have more than two years of expertise in the retail, food, and beverage, chemical, and material industries, and hence have developed a sound cross-domain expertise. a firm believer in lifelong learning and sharing of knowledge. having a proclivity for hatching ideas and trying to absorb as much information as possible in a short amount of time. introducing corporates to the data and insight, which enables them to move from probability to possibility, has been my key areas of interest.
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