Top 10 Companies in the Fishmeal and Fishoil Market (2026): Market Leaders Powering Global Aquaculture

MARKET INSIGHTS

Global Fishmeal and Fishoil market size was valued at USD 7.62 billion in 2025 and is projected to grow from USD 7.87 billion in 2026 to USD 10.45 billion by 2034, exhibiting a CAGR of 3.6% during the forecast period.

Fishmeal and fishoil are nutrient‑rich commodities derived from whole fish or fish by‑products, serving as high‑protein ingredients primarily in animal feed and aquaculture. Fishmeal is a brown powder produced by cooking, pressing, drying, and milling fish, prized for its excellent amino acid profile and digestibility. Fishoil, extracted during the fishmeal production process, is a concentrated source of omega‑3 long‑chain polyunsaturated fatty acids, notably EPA and DHA. These products are fundamental to the formulation of aquafeeds for species like salmon and shrimp, as well as in diets for poultry, swine, and pet food, because they provide essential nutrients that support growth, health, and reproduction.

Global Fishmeal and Fishoil market – View in Detailed Research Report
Fishmeal and Fishoil Market – View in Detailed Research Report

Top 10 Companies in the Fishmeal and Fishoil Market

1️⃣ 1. Pelagia AS

Headquarters: Norway
Key Offering: Premium fishmeal, fishoil, and by‑product solutions

Pelagia AS operates a vertically integrated supply chain, owning fishing fleets and processing plants that enable consistent quality and volume for aquaculture feed manufacturers. The company focuses on sustainable sourcing of small pelagic fish and advanced processing to enhance protein and omega‑3 content.

Sustainability Initiatives: Certified by Marine Stewardship Council (MSC) and IFFO, Pelagia invests in traceability technologies and reduces by‑product waste through circular economy practices.

• Annual fishmeal production capacity: 1.2 million tonnes
• Fishoil output: 150,000 tonnes
• Key markets: Asia‑Pacific, Europe, North America

2️⃣ 2. TASA (Tecnológica de Alimentos S.A.)

Headquarters: Peru
Key Offering: Large‑scale fishmeal and fishoil production, by‑product utilization

TASA is one of Peru’s largest fishmeal producers, leveraging the country’s abundant anchovy stocks. The company has expanded its processing footprint to include fishmeal concentrates and high‑purity fishoil, targeting both domestic aquaculture and export markets.

Sustainability Initiatives: Implements IFFO standards, engages in community stewardship programs, and partners with local fisheries to ensure responsible harvest levels.

• Production capacity: 800,000 tonnes fishmeal
• Fishoil purity: >95% EPA/DHA
• Export destinations: China, Japan, India

3️⃣ 3. Copeinca (Corporación Pesquera Inca)

Headquarters: Peru
Key Offering: Fishmeal, fishoil, and value‑added fish by‑products

Copeinca operates integrated fishmeal plants and a network of fishing vessels, ensuring a stable supply of small pelagic species. The company focuses on high‑quality protein products for the aquaculture and pet food sectors.

Sustainability Initiatives: Certified by IFFO and FSC, Copeinca supports local fishing communities and invests in renewable energy for processing facilities.

• Fishmeal capacity: 650,000 tonnes
• Fishoil production: 120,000 tonnes
• Major clients: South Korean and Japanese aquafeed manufacturers

4️⃣ 4. FF Skagen A/S

Headquarters: Denmark
Key Offering: High‑protein fishmeal, fishoil, and specialty aquafeed ingredients

FF Skagen is a leading European supplier of fishmeal and fishoil, serving the salmon and shrimp industries. The company emphasizes product innovation, providing specialized formulations with enhanced omega‑3 profiles.

Sustainability Initiatives: Holds MSC certification, invests in by‑product recycling, and participates in the Friend of the Sea program.

• Annual fishmeal output: 350,000 tonnes
• Fishoil purity: 90%+ EPA/DHA
• Key markets: Norway, Sweden, Finland

5️⃣ 5. TripleNine Group A/S

Headquarters: Denmark
Key Offering: Premium fishmeal, fishoil, and functional feed additives

TripleNine focuses on high‑value products for the premium aquafeed segment, delivering fishmeal with optimized amino acid profiles and fishoil rich in omega‑3s for health‑conscious consumers.

Sustainability Initiatives: Certified by MSC, implements circular economy principles by converting fish processing waste into high‑quality feed ingredients.

• Fishmeal capacity: 200,000 tonnes
• Fishoil production: 70,000 tonnes
• Primary customers: Premium pet food manufacturers, nutraceutical companies

6️⃣ 6. Austevoll Seafood ASA

Headquarters: Norway
Key Offering: Integrated fishmeal and fishoil production, sustainable aquaculture feed

Austevoll’s vertically integrated operations span from fishing to processing, enabling consistent supply of high‑quality fishmeal and fishoil for the global aquaculture market.

Sustainability Initiatives: MSC and IFFO certified fleets, renewable energy usage in processing plants, and active participation in the MarinTrust certification.

• Fishmeal capacity: 500,000 tonnes
• Fishoil output: 90,000 tonnes
• Export focus: China, Japan, Vietnam

7️⃣ 7. Oceana Group Limited

Headquarters: South Africa
Key Offering: Fishmeal, fishoil, and aquafeed solutions for emerging markets

Oceana Group leverages South Africa’s rich marine resources to supply fishmeal and fishoil to African and Middle Eastern markets, focusing on sustainability and traceability.

Sustainability Initiatives: MSC certification, community outreach programs, and investment in renewable energy for processing facilities.

• Fishmeal production: 300,000 tonnes
• Fishoil: 50,000 tonnes
• Key regions: Middle East, Africa, India

8️⃣ 8. Pesquera Exalmar S.A.A.

Headquarters: Peru
Key Offering: Fishmeal, fishoil, and by‑product processing for aquaculture and livestock

Pesquera Exalmar focuses on efficient processing of small pelagic fish, delivering high‑quality fishmeal and fishoil with low environmental impact.

Sustainability Initiatives: IFFO compliance, waste minimization, and support for local fishing communities.

• Fishmeal capacity: 400,000 tonnes
• Fishoil production: 80,000 tonnes
• Primary markets: Brazil, Argentina, Chile

9️⃣ 9. Austral Group S.A.A.

Headquarters: Peru
Key Offering: Fishmeal, fishoil, and sustainable feed ingredients

Austral Group specializes in the processing of fishmeal and fishoil with a focus on sustainability and product quality for aquaculture and livestock sectors.

Sustainability Initiatives: MSC certification, use of renewable energy, and circular economy practices.

• Fishmeal output: 350,000 tonnes
• Fishoil: 60,000 tonnes
• Major clients: European aquafeed producers, North American livestock suppliers

🔟 10. Croda International PLC

Headquarters: United Kingdom
Key Offering: Innovative fishmeal and fishoil solutions, functional feed additives

Croda is a global leader in fishmeal and fishoil innovation, providing high‑quality ingredients for aquaculture, pet food, and nutraceuticals. The company invests heavily in R&D to enhance protein and omega‑3 content.

Sustainability Initiatives: MSC and Friend of the Sea certifications, carbon‑neutral processing, and active participation in the Circular Economy Alliance.

• Fishmeal capacity: 250,000 tonnes
• Fishoil production: 45,000 tonnes
• Key markets: Europe, North America, Asia‑Pacific

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Outlook

Global Fishmeal and Fishoil demand is expected to continue its steady expansion, driven by the relentless growth of the aquaculture industry and rising consumer demand for omega‑3 enriched products. The market will witness increased adoption of sustainable sourcing practices, with a focus on by‑product utilization and circular economy principles to mitigate pressure on wild fish stocks. Technological advancements in processing and feed formulation will further enhance product quality, supporting premium pricing in emerging and mature markets.

Future Trends

• Expansion of fishmeal and fishoil production in the Asia‑Pacific region, led by China and India.
• Greater integration of fish by‑products into feed formulations, reducing reliance on wild fish.
• Rise of premium pet food and nutraceutical segments, boosting demand for high‑purity fishoil.
• Increased regulatory focus on sustainability, driving MSC and IFFO certifications.
• Innovation in plant‑based and microbial alternatives, creating competitive pressure and new product opportunities.