Graph and download economic data for Global price of Fish Meal (PFISHUSDM) from Jan 1990 to May 2025 about seafood, World, and price.

Fish meal prices in , May, 2025 For that commodity indicator, we provide data from January 1979 to May 2025. The average value during that period was 878.45 USD per metric ton with a minimum of 254 USD per metric ton in July 1985 and a maximum of 1926.47 USD per metric ton in January 2013. | TheGlobalEconomy.com

Graph and download economic data for Global price of Fish Meal (PFISHUSDQ) from Q1 1990 to Q1 2025 about seafood, World, and price.

Thailand Wholesale Price: Fish for Fish Meal: Protein 60% data was reported at 14.300 THB/kg in Jan 2016. This stayed constant from the previous number of 14.300 THB/kg for Dec 2015. Thailand Wholesale Price: Fish for Fish Meal: Protein 60% data is updated monthly, averaging 18.760 THB/kg from Jan 2001 (Median) to Jan 2016, with 167 observations. The data reached an all-time high of 31.850 THB/kg in Aug 2008 and a record low of 14.300 THB/kg in Jan 2016. Thailand Wholesale Price: Fish for Fish Meal: Protein 60% data remains active status in CEIC and is reported by Department of Internal Trade. The data is categorized under Global Database’s Thailand – Table TH.P002: Average Wholesale Price of Agricultural Products in Bangkok Metropolis.

Thailand Wholesale Price: Fish Meal Protein 60% Down: Class 1 data was reported at 32.590 THB/kg in Nov 2018. This records a decrease from the previous number of 34.860 THB/kg for Oct 2018. Thailand Wholesale Price: Fish Meal Protein 60% Down: Class 1 data is updated monthly, averaging 30.230 THB/kg from Apr 2002 (Median) to Nov 2018, with 198 observations. The data reached an all-time high of 43.130 THB/kg in Oct 2015 and a record low of 18.110 THB/kg in Feb 2004. Thailand Wholesale Price: Fish Meal Protein 60% Down: Class 1 data remains active status in CEIC and is reported by Department of Internal Trade. The data is categorized under Global Database’s Thailand – Table TH.P002: Average Wholesale Price of Agricultural Products in Bangkok Metropolis.

In 2023, the amount of flours, meals and pellets of fish exported from Thailand rose to 494 tons, picking up by 4.9% compared with 2022 figures.

864 Global export shipment records of Fish Meal with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

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Fishmeal Market Size 2024-2028

The fishmeal market size is forecast to increase by USD 1.74 billion at a CAGR of 4.5% between 2023 and 2028.

The market is driven by several key factors, including the rising consumption of meat and poultry in various regions, leading to an increased demand for fishmeal as a source of animal protein. Additionally, the global expansion of aquaculture production and consumption contributes significantly to market growth. Strict regulations regarding the use of marine resources in the production of fishmeal are also a notable trend, ensuring sustainable and ethical practices. Key species used in the production of fishmeal include marine fish such as mackerel, capelin, pilchard, herring, and anchoveta, as well as crustaceans like shrimp, crab, and krill. These ingredients are essential for the livestock industry, particularly for swine and other aquatic animals. The market is expected to experience steady growth due to these factors.

What will be the Size of the Market During the Forecast Period?

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The market holds significant importance in the global animal feed industry due to its nutritional benefits. This market caters to various sectors, including pig farms and poultry, by providing essential nutrients for optimal animal growth. Fishmeal is a traditional feed ingredient, rich in crude protein, which contributes to the development and maintenance of muscles in animals. Its amino acid composition is particularly advantageous, as it provides all the essential amino acids required for animal growth. Moreover, fishmeal is a valuable source of omega-3 fatty acids, specifically DHA, which contribute to improved health and productivity in livestock. In the realm of aquaculture, fishmeal plays a pivotal role as a protein source for fish feed. Its nutritional content, including DHA and EPA, is crucial for the growth and development of farmed fish.



Furthermore, fishmeal's inclusion in fish feed enhances the nutritional qualities of the final product, making it an attractive option for consumers. The fishmeal market also encompasses specialized variants, such as crustacean-derived bioactive compounds, which find applications in the pharmaceutical industry. These compounds offer unique health benefits, making fishmeal an essential component in the production of premium feed additives. Sustainable intensification is a growing trend in the animal feed industry, and fishmeal aligns with this approach. As concerns regarding the environmental impact of synthetic feed additives and chemical-based fertilizers increase, fishmeal offers a more sustainable alternative. Organic nitrogen, derived from fishmeal, is a natural and renewable source of nutrients for animal feed.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Animal feed
  Agriculture
  Pharmaceuticals


Geography

  North America

    Canada
    Mexico
    US


  APAC

    China
    India
    Japan


  Europe

    Germany
    UK
    France


  South America

    Brazil


  Middle East and Africa

By Application Insights

The animal feed segment is estimated to witness significant growth during the forecast period.

Fishmeal is an essential ingredient in the production of animal feed, particularly for aquaculture and livestock farming. Furthermore, the market has experienced significant growth in the animal feed segment due to the increasing demand for fishmeal as a cost-effective source of high-quality protein for farm animals. This protein-rich feed source is derived primarily from marine fish, such as mackerel, capelin, pilchard, herring, anchoveta, and crustaceans, including shrimp, crab, and krill. The high protein content of fishmeal, which ranges from 62% to 70% by weight, makes it an indispensable nutrient for the growth and development of various aquatic animals and livestock, including swine and poultry. In the animal feed industry, fishmeal is widely used to produce fish feed for species like trout and salmon.

This, in turn, contributes to the production of high-quality animal products, such as bacon, eggs, pork, and chicken. The use of fishmeal as a protein supplement in pig and poultry farms is expected to continue, driving the growth of the fishmeal market in the coming years.

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The animal feed segment was valued at USD 2.94 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 37% to the growth of the global market during the forecast period.

Technavio's analysts have elaboratel

462 Global import shipment records of Fish Meal with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Thailand Avg Wholesale Price: Fish Meal: Protein 60 % Down: Class 3 data was reported at 22.000 THB/kg in 16 May 2025. This stayed constant from the previous number of 22.000 THB/kg for 15 May 2025. Thailand Avg Wholesale Price: Fish Meal: Protein 60 % Down: Class 3 data is updated daily, averaging 26.000 THB/kg from Mar 2006 (Median) to 16 May 2025, with 4578 observations. The data reached an all-time high of 39.600 THB/kg in 23 Mar 2011 and a record low of 19.000 THB/kg in 28 Jan 2020. Thailand Avg Wholesale Price: Fish Meal: Protein 60 % Down: Class 3 data remains active status in CEIC and is reported by Department of Internal Trade. The data is categorized under Global Database’s Thailand – Table TH.P: Average Wholesale Price.

Fish Meal Market Outlook

The global fish meal market size was valued at approximately USD 8 billion in 2023 and is projected to reach around USD 12.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.9% during the forecast period. The growth of this market is primarily driven by the increasing demand for high-quality protein in animal feed, which is essential for the growth and development of livestock and aquaculture species. With the rising global population and subsequent increase in food consumption, particularly protein-rich diets, the need for efficient and sustainable protein sources like fish meal has gained significant traction.

One of the pivotal growth factors for the fish meal market is the burgeoning aquaculture industry. As global fish stocks deplete due to overfishing, aquaculture has emerged as a sustainable solution to meet the worldÂ’s seafood demand. Fish meal, with its high protein content and rich nutrient profile, is a crucial component of aquafeeds, enhancing the health and growth of farmed fish and crustaceans. This trend is particularly prominent in countries where aquaculture is a major economic activity, such as China and India, where the demand for fish meal is consistently rising. Moreover, the increasing recognition of fish meal's benefits over other plant-based protein feeds is further propelling its demand in aquaculture.

Additionally, the rising awareness regarding the nutritional advantages of fish meal in the animal husbandry sector is another significant driver. Fish meal is rich in essential amino acids, omega-3 fatty acids, and vitamins, making it an ideal supplement in poultry, swine, and ruminant diets. It not only improves the growth rates and feed conversion ratios in these animals but also enhances their immune responses against diseases. This has led to a growing preference among farmers and livestock producers for fish meal as a feed ingredient, thus bolstering market growth. Moreover, as consumers increasingly prioritize animal welfare and sustainable farming practices, the demand for high-quality, nutrient-rich animal feed is expected to continue its upward trajectory.

On a regional scale, the Asia Pacific is anticipated to dominate the fish meal market, accounting for the largest share due to the regionÂ’s rapidly expanding aquaculture industry. Countries like China, India, and Vietnam are witnessing significant growth in their aquaculture sectors, driven by increasing seafood consumption and supportive government policies. North America and Europe are also expected to exhibit substantial growth, owing to the rising demand for premium-quality animal feed and increasing investments in sustainable aquaculture practices. Meanwhile, Latin America and the Middle East & Africa are projected to experience moderate growth, supported by an expanding livestock industry and growing awareness about the benefits of fish meal.

Steam Dried Fishmeal is gaining popularity in the fish meal market due to its superior quality and nutritional benefits. This type of fishmeal is produced by steaming the fish, which helps in retaining essential nutrients and improving digestibility. The process ensures that the fishmeal is free from harmful bacteria, making it a safe and reliable choice for animal feed. As the demand for high-quality protein sources increases, Steam Dried Fishmeal is becoming a preferred option for aquaculture and livestock producers. Its ability to enhance growth rates and improve feed conversion efficiency makes it an attractive choice for farmers looking to optimize their production processes. Additionally, the consistent quality of Steam Dried Fishmeal ensures that it meets the stringent standards required by the industry, further driving its demand in the market.

Source Analysis

The fish meal market is segmented based on the source into whole fish and by-products. Whole fish, often comprising of small pelagic species like anchovies, herrings, and sardines, has traditionally been the primary source of fish meal production. This segment continues to be significant due to its high yield and superior nutritional content. The sustainability of whole fish sourcing, however, is a growing concern, prompting the industry to seek more efficient and environmentally friendly harvesting practices. Efforts are underway to ensure that fishing quotas are adhered to, thereby protecting marine biodiversity while still meeting the demands of the fish meal market.

The by-products

In 2023, purchases abroad of flours, meals and pellets of fish decreased by -14.3% to 226 tons, falling for the second year in a row after two years of growth.

Statistics illustrates prices of fish meal; fit for human consumption in Indonesia from 2007 to 2024.

Semi-Skimmed Fish Meal Market Outlook

The semi-skimmed fish meal market, which held a valuation of approximately $8.5 billion in 2023, is expected to grow at a compound annual growth rate (CAGR) of 4.2% to reach $12.1 billion by 2032. This growth is underpinned by rising demand for high-quality animal feed, particularly in the aquaculture industry, which is driving the market size for semi-skimmed fish meal. The increasing global population and the ensuing demand for protein-rich diets have significantly contributed to the growth of the semi-skimmed fish meal market. As consumers seek healthier and sustainable protein sources, the aquaculture industry is expanding, subsequently heightening the demand for semi-skimmed fish meal.

A major growth factor in the semi-skimmed fish meal market is the proliferating aquaculture sector. Fish meal, particularly semi-skimmed varieties, is a crucial component in aquafeed, supplying essential nutrients that promote growth and health in farmed fish. The increasing preference for fish as a healthier protein source compared to red meat has led to an expansion in aquaculture activities globally. This expansion is supported by technological advancements in aquaculture practices, which have improved the efficiency of fish farming and increased the need for high-quality feed like semi-skimmed fish meal. As the sector continues to innovate and expand, the demand for semi-skimmed fish meal as a sustainable and nutritious feed source is expected to rise correspondingly.

The semi-skimmed fish meal market is also buoyed by the rising demand for pet food and animal feed. Pet owners are increasingly opting for premium and nutritionally rich diets for their pets, which has led to the incorporation of fish meal into pet food formulations. Similarly, the livestock industry relies on fish meal for its high protein and essential amino acid content, which are crucial for the growth and well-being of animals. The versatility of semi-skimmed fish meal across different feed applications, including pet food and animal feed, is a significant factor contributing to its market growth. With the trend toward healthier and premium pet diets, the fish meal market is likely to see sustained demand.

Environmental sustainability is another critical factor propelling the growth of the semi-skimmed fish meal market. With increasing awareness of the ecological impacts of conventional animal feed production, the push towards sustainable and eco-friendly alternatives has gained momentum. Semi-skimmed fish meal fits this niche, as it is produced from fish processing by-products, helping to minimize waste and promote resource efficiency. The emphasis on sustainable practices in both aquaculture and agriculture is expected to bolster the market for semi-skimmed fish meal, as more stakeholders in these sectors prioritize environmentally friendly and sustainable feed options.

Fishmeal & Fish Oil are integral components in the production of semi-skimmed fish meal, offering a rich source of omega-3 fatty acids and essential nutrients that are vital for the health and growth of aquaculture species. The inclusion of Fishmeal & Fish Oil in aquafeed formulations not only enhances the nutritional profile but also improves the palatability of the feed, encouraging better feed intake and growth rates in farmed fish. As the aquaculture industry continues to expand, the demand for these high-quality ingredients is expected to rise, driving innovations in feed formulations to optimize the benefits of Fishmeal & Fish Oil. This trend underscores the importance of sustainable sourcing and production practices to ensure the long-term availability of these valuable resources.

Regionally, Europe and Asia Pacific are expected to dominate the semi-skimmed fish meal market. Europe, with its stringent regulations on animal feed quality and sustainability, has seen significant uptake of fish meal in aquaculture and livestock feeds. Meanwhile, in the Asia Pacific region, the robust growth of the aquaculture industry, particularly in countries like China and India, acts as a catalyst for the market. The rising consumption of seafood and the expansion of aquaculture to meet this demand are propelling the use of semi-skimmed fish meal in the region. North America is also seeing steady growth, driven by increasing awareness of sustainable feed practices and rising demand in the pet food segment.

Source Analysis

The semi-skimmed fish meal market is heavily influenced by the

633 Global export shipment records of Fish Meal with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

European Union Imports of fish, dried, salted, smoked, edible fish meal from Norway was US$547.57 Million during 2024, according to the United Nations COMTRADE database on international trade. European Union Imports of fish, dried, salted, smoked, edible fish meal from Norway - data, historical chart and statistics - was last updated on July of 2025.

The global defatted fish meal market is experiencing robust growth, driven by the increasing demand for sustainable and high-protein animal feed. The market size in 2025 is estimated at $2.5 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This growth is fueled by several key factors. The aquaculture industry's expansion, particularly in Asia and Latin America, is a major driver, as defatted fish meal serves as a crucial protein source in fish feed formulations. Similarly, the growing poultry and livestock sectors, seeking high-quality and cost-effective feed solutions, are contributing to market expansion. The rising global population and increasing meat consumption are further bolstering the demand for animal feed, indirectly benefiting the defatted fish meal market. Furthermore, the ongoing research and development efforts focused on improving the nutritional profile and processing techniques of defatted fish meal are expected to enhance its appeal and market penetration. However, certain restraints could potentially hinder the market's trajectory. Fluctuations in raw material prices (fish supplies) and environmental concerns related to overfishing represent significant challenges. Stringent regulations concerning sustainable fishing practices and the increasing popularity of alternative protein sources (e.g., plant-based alternatives) could also impact market growth. Nevertheless, the continuous innovation in fish meal production methods, focusing on sustainability and cost-effectiveness, and the strategic partnerships between fish meal producers and animal feed manufacturers are expected to mitigate these challenges and ensure sustained market growth in the coming years. The market segmentation by type (Flame Dried, Steam Dried, Defatted) and application (Aquaculture, Poultry, Pig, Ruminant, Pet Food) provides opportunities for targeted market penetration and further growth. Defatted Fish Meal Market Report: A Comprehensive Analysis of Global Trends and Growth This in-depth report provides a comprehensive analysis of the global defatted fish meal market, encompassing production, consumption, trade, pricing, and key industry players. Valued at over $2.5 billion annually, this market exhibits substantial growth potential driven by increasing demand from the aquaculture and animal feed sectors. The report leverages extensive market research and detailed financial modeling to deliver actionable insights for businesses operating within or seeking entry into this dynamic industry. This detailed report utilizes data and projections from reputable industry sources to analyze both current trends and potential future developments for producers, suppliers, and consumers.

Plant Based Fish Feed Market size was valued at USD 11.98 Billion in 2024 and is projected to reach USD 17.9 Billion by 2031, growing at a CAGR of 5.00% from 2024 to 2031.

Plant Based Fish Feed Market Drivers

Sustainability Concerns and Resource Depletion:

Overfishing and Depleting Marine Resources: Overfishing is a major threat to the sustainability of our oceans. Plant-based fish feed offers a viable solution by reducing reliance on fishmeal and fish oil derived from wild-caught fish.

Environmental Impact of Aquaculture: Traditional fish feed production can contribute to environmental issues like pollution and habitat destruction. Plant-based alternatives offer a lower environmental footprint.

Rising Demand for Seafood and Aquaculture Growth:

Protein Source and Growing Population: The global population is growing, and the demand for protein sources like fish is expected to rise. Aquaculture, the practice of farming fish, is a key contributor to meeting this demand.

Limitations of Traditional Fish Farming: The expansion of traditional fish farming can be limited by factors like availability of space and resources. Plant-based fish feed can help support the growth of sustainable aquaculture practices.

Economic Considerations and Performance:

Price Volatility of Fishmeal and Fish Oil: The prices of fishmeal and fish oil can be volatile, impacting the profitability of fish farms. Plant-based alternatives can offer more price stability.

Potential Cost Reduction: Advancements in plant-based fish feed technology have the potential to make it a more cost-competitive option compared to traditional fish feed in the future.

Improved Fish Health and Performance: Studies suggest that certain plant-based feed formulations can lead to improved fish health and performance in some species.

Regulatory Landscape and Consumer Preferences:

Focus on Sustainable Practices: Regulatory bodies and consumers are increasingly demanding sustainable practices in the seafood industry. Plant-based fish feed aligns with this growing focus on sustainability.

Consumer Awareness and Ethical Concerns: Consumers are becoming more aware of the environmental impact of seafood production and may opt for products raised using sustainable practices, potentially driving demand for fish raised on plant-based feed.

Monthly landings, raw material, fish meal, and fish oil in regional markets of South Africa, United States of America, Peru, and Chile; monthly market prices of fish meal and fish oil in Peru, Chile, Hamburg, Bremen, and China

The global fish meal for feed market is a significant sector within the aquaculture and animal feed industries, experiencing substantial growth driven by increasing demand for animal protein and the expanding aquaculture sector. The market's value is estimated to be in the billions, reflecting the considerable scale of production and consumption. A Compound Annual Growth Rate (CAGR) of, let's assume, 5-7% over the forecast period (2025-2033) suggests a consistent upward trajectory. Key drivers include rising global populations necessitating increased food production, the growing popularity of aquaculture as a sustainable protein source, and the nutritional benefits of fish meal as a key ingredient in animal feed formulations. This positive outlook is further reinforced by technological advancements in fish processing and feed formulation, leading to more efficient and sustainable production methods. However, challenges remain, including fluctuations in fish stocks, regulatory changes concerning sustainable fishing practices, and potential price volatility influenced by factors such as weather patterns and global trade dynamics. Market segmentation within fish meal for feed is multifaceted, encompassing various types of fish meal (based on fish species), application in different animal feeds (poultry, swine, aquaculture), and geographical regions. Leading companies, such as Oceana Group Limited S.A., Triplenine Group A/S, and Aker BioMarine Antarctic AS, play a crucial role in the global supply chain. The competitive landscape is dynamic, with companies striving to enhance sustainability credentials and optimize production processes. Future growth will depend on addressing sustainability concerns, improving supply chain transparency, and meeting the increasing demand for high-quality, cost-effective fish meal for feed globally. The market is projected to witness continued expansion, primarily fueled by growth in developing economies and increasing investments in sustainable aquaculture.