Global Fish Meal Alternative Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Origin;

Organic and Conventional.

By Type;

Plant-based product, Algae, and Insect protein.

By Application;

Animal feed, Fertilizer, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn454961814 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Fish Meal Alternative Market (USD Million), 2021 - 2031

In the year 2024, the Global Fish Meal Alternative Market was valued at USD 1,954.68 million. The size of this market is expected to increase to USD 3,062.40 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.6%.

The global fish meal alternative market is rapidly evolving in response to sustainability concerns and shifting consumer preferences. As concerns over the environmental impact of traditional fish meal production grow, alternatives are gaining traction in aquaculture and animal feed industries. These alternatives encompass a diverse range of protein sources, including plant-based proteins, insect meal, single-cell proteins, and algae-derived ingredients. This market is driven by the need for sustainable protein sources that reduce reliance on wild fish stocks and offer a more eco-friendly solution to feeding livestock and aquatic species.

Key players in the fish meal alternative market are investing heavily in research and development to enhance the nutritional profile and cost-effectiveness of their products. Innovations in processing technologies are also improving the digestibility and palatability of these alternatives, making them viable substitutes for traditional fish meal. Regulatory support for sustainable agriculture and aquaculture practices further propels market growth, encouraging stakeholders to adopt and scale alternative protein solutions worldwide.

The global fish meal alternative market is poised for significant expansion as industries and consumers alike prioritize sustainable practices and ethical sourcing. As demand for protein-rich feed ingredients continues to rise with the global population, the development and commercialization of novel alternatives will play a crucial role in shaping the future of food security and environmental stewardship across the globe.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Origin
    2. Market Snapshot, By Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Fish Meal Alternative Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Sustainability
        2. Rising protein demand
        3. Regulatory support
      2. Restraints
        1. High production costs
        2. Consumer perception
        3. Supply chain complexities
        4. Regulatory compliance
      3. Opportunities
        1. Innovation in processing
        2. Alternative protein sources
        3. Vertical integration
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Fish Meal Alternative Market, By Origin, 2021 - 2031 (USD Million)
      1. Organic
      2. Conventional
    2. Global Fish Meal Alternative Market, By Type, 2021 - 2031 (USD Million)
      1. Plant-based product
      2. Algae
      3. Insect protein
    3. Global Fish Meal Alternative Market, By Application, 2021 - 2031 (USD Million)
      1. Animal feed
      2. Fertilizer
      3. Others
    4. Global Fish Meal Alternative Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Calysta, Inc.
      2. TerraVia Holdings, Inc.
      3. Enterra Feed Corporation
      4. Ynsect
      5. Protix
      6. Veramaris
      7. Corbion
      8. KnipBio
      9. Algae Natural Food
      10. Alltech
  7. Analyst Views
  8. Future Outlook of the Market