Global Fishery By-products Market Size is valued at US$ 25.1 Bn in 2024 and is predicted to reach US$ 52.6 Bn by the year 2034 at an 8.1% CAGR during the forecast period for 2025-2034.
Fishery by-products are the non-primary parts of a fish such as heads, bones, skin, viscera, and scales that remain after processing. Once considered mere waste destined for disposal, these materials are now recognized as a valuable resource. Through modern technology and a "zero-waste" approach, these by-products are transformed into high-value products. This includes nutrient-rich fish oil and protein supplements for human health, collagen for cosmetics, ingredients for animal feed, and even biodegradable materials. Utilizing these by-products reduces environmental pollution, creates new economic opportunities, and maximizes the value derived from every caught fish, making the entire fishing industry more sustainable and efficient.
The growth in aquaculture and animal feed industries is a major factor that is propelling the Fishery By-products market, as fish meal and fish oil from waste are the main sources of proteins and nutrients, thus contributing to the production of sustainable feed and increasing the profitability of the industry.
The rise of the seafood industry through aquaculture, which in turn leads to the demand for animal feed, is the leading factor behind the meteoric expansion of the fishery by-products market. The proteins and lipids in fish meal and fish oil derived from waste offer the required building blocks for sustainable feed production, which results in the profit margin of the industry increasing. The supply of raw materials is inconsistent, due to which the Fishery By-products sector faces difficulties, such as a lack of infrastructure. During the forecast period, the Fishery By-products market will be able to access new markets and customers as a result of its commitment to the circular economy, which includes a growing demand for sustainable products as well as a rise in the pharmaceutical and nutraceutical sectors.
Some of the Key Players in the Fishery By-products Market:
The Fishery By-products market is segmented by Type, Technology, Source, End-Use Industry, and Parts of Fishery to Be Recycled (Qualitative). By Type, the market is segmented into Protein & Protein Derivativeso (Fishmeal, Fish Silage, Fish Hydrolysate, Gelatin, Collagen)
, Fish Oil, Minerals (Bone Powder, Chitin, Chitosan), Bioactives & speciality compounds (Enzymes, Squalene, Carotenoids, Cartilage, Collagen Peptides). By Technology, the market is segmented into Enzymatic Hydrolysis, Chemical Extraction, Fermentation, and Freeze Drying. By Source, the market is segmented into Capture Fisheries and aquaculture. By End-Use Industry, the market is segmented into Food & Beverage (Flavor Enhancers, Nutritional Supplements, Fortified Food & Beverage), Animal Feed (Aquaculture Feed, Livestock Feed, Pet Food Additives), Agriculture, Cosmetics & Personal Care, Pharmaceuticals & Nutraceuticals, and Industrial Applications. By Parts Of Fishery To Be Recycled (Qualitative), the market is segmented into Heads, Bones, & Viscera, Skins & Scales, Shells: Source Of Biopolymers, Fish Trimmings: Foundation For Flavour & Feed, Liver, Roe, Fish Blood, and Others.
The Protein and protein derivatives category led the Fishery By-products market in 2024 due to the wide range of possibilities they offer in aquaculture feed, animal nutrition, pharmaceuticals, and the food industry. Fish proteins are a great source of essential amino acids and, therefore, ideal as high-quality feed ingredients and dietary supplements. The increasing demand for protein hydrolysates, collagen, and gelatin in nutraceutical and cosmetic markets further enhances their significance within the market. Their historical use to improve texture, nutrition, and functionality in food processing also fuels this demand. Lastly, sustainability initiatives to provide full utilisation of fish waste for protein extraction will drive growth in the segment.
The largest and fastest-growing Fishery By-products is enzymatic hydrolysis technology due to its effectiveness, eco-friendliness and nutrition retaining capability of extracted compounds. It is the process of choice for the controlled destruction of fish proteins into peptides and amino acids for pharmaceuticals, nutraceuticals, and animal feed. Enzymatic hydrolysis gives a higher yield, a cleaner product, and less environmental impact than chemical methods. Furthermore, the increasing use of bio-based and green processing technologies in marine waste valorization is a factor that also supports the position of enzymatic hydrolysis as the most preferred method. This is in line with the global trends of sustainability and clean-label products.
Asia Pacific dominated the Fishery By-products market in 2024 because of high fish production, robust aquaculture sector and significant seafood processing in China, India, Japan and Indonesia. Dominance over market is supported by: established supply chain, low labor cost and increasing demand for fish meal, fish oil, nutraceutical products from the region coupled with increased awareness of sustainable utilization of waste or circular economy solutions.
The Fishery By-products market is expanding at the strongest and fastest rate in the European region. There are high demands of Fishery By-products services in the region as a result of severe sustainability regulations, rising investment trends towards circular economy projects and development of biotechnological innovations for waste valorization. Strong emphasis on ecological healthcare, cosmetics and nutraceutical applications from marine resources in the region, along with increasing consumer preference for natural & sustainable products, will attract high market growth and use of fishery waste at an extreme value proposition.
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Fishery By-Products Market Snapshot
Chapter 4. Global Fishery By-Products Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2025-2034
4.8. Competitive Landscape & Market Share Analysis, By Key Player (2024)
4.9. Use/impact of AI on Fishery By-Products Market Industry Trends
4.10. Global Fishery By-Products Market Penetration & Growth Prospect Mapping (US$ Mn), 2024-2034
Chapter 5. Fishery By-Products Market Segmentation 1: By Technology, Estimates & Trend Analysis
5.1. Market Share by Technology, 2024 & 2034
5.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Technology:
5.2.1. Enzymatic Hydrolysis
5.2.2. Chemical Extraction
5.2.3. Fermentation
5.2.4. Freeze Drying
Chapter 6. Fishery By-Products Market Segmentation 2: By Type, Estimates & Trend Analysis
6.1. Market Share by Type, 2024 & 2034
6.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Type:
6.2.1. Protein & Protein Derivatives
6.2.1.1. Fish Silage
6.2.1.2. Fish Hydrolysate
6.2.1.3. Gelatin
6.2.1.4. Collagen
6.2.2. Fish Oil
6.2.2.1. Minerals
6.2.2.2. Bone Powder
6.2.2.3. Chitin
6.2.2.4. Chitosan
6.2.3. Bioactives & Specialty Compounds
6.2.3.1. Enzymes
6.2.3.2. Squalene
6.2.3.3. Carotenoids
6.2.3.4. Cartilage
6.2.3.5. Collagen Peptides
Chapter 7. Fishery By-Products Market Segmentation 3: By Source, Estimates & Trend Analysis
7.1. Market Share by Source, 2024 & 2034
7.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Source:
7.2.1. Capture Fisheries
7.2.1.1. Availability Of Low-Value Or Non-Edible Wild Species In High Volumes
7.2.1.2. Marine
7.2.1.3. Inland
7.2.2. Aquaculture
Chapter 8. Fishery By-Products Market Segmentation 4: By Parts Of Fishery To Be Recycled (Qualitative), Estimates & Trend Analysis
8.1. Market Share by Parts Of Fishery To Be Recycled (Qualitative), 2024 & 2034
8.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Parts Of Fishery To Be Recycled (Qualitative):
8.2.1. Online Platforms
8.2.2. Offline Retail (Flagship Stores, Beauty Retail Chains)
8.2.3. Direct-to-Consumer (D2C)
8.2.4. Specialty Cosmetic Labs
Chapter 9. Fishery By-Products Market Segmentation 5: By End User, Estimates & Trend Analysis
9.1. Market Share by End User, 2024 & 2034
9.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following End User:
9.2.1. Food & Beverage
9.2.1.1. Flavor Enhancers
9.2.1.2. Nutritional Supplements
9.2.1.3. Fortified Food & Beverage
9.2.2. Animal Feed
9.2.2.1. Aquaculture Feed
9.2.2.2. Livestock Feed
9.2.2.3. Pet Food Additives
9.2.3. Agriculture
9.2.4. Cosmetics & Personal Care
9.2.5. Pharmaceuticals & Nutraceuticals
9.2.6. Industrial Applications
Chapter 10. Fishery By-Products Market Segmentation 6: Regional Estimates & Trend Analysis
10.1. Global Fishery By-Products Market, Regional Snapshot 2024 & 2034
10.2. North America
10.2.1. North America Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
10.2.1.1. US
10.2.1.2. Canada
10.2.2. North America Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
10.2.3. North America Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
10.2.4. North America Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by Source, 2021-2034
10.2.5. North America Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by Component, 2021-2034
10.2.6. North America Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by Parts Of Fishery To Be Recycled (Qualitative), 2021-2034
10.2.7. North America Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by End User, 2021-2034
10.3. Europe
10.3.1. Europe Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
10.3.1.1. Germany
10.3.1.2. U.K.
10.3.1.3. France
10.3.1.4. Italy
10.3.1.5. Spain
10.3.1.6. Rest of Europe
10.3.2. Europe Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
10.3.3. Europe Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
10.3.4. Europe Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by Source, 2021-2034
10.3.5. Europe Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by Parts Of Fishery To Be Recycled (Qualitative), 2021-2034
10.3.6. Europe Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by End User, 2021-2034
10.4. Asia Pacific
10.4.1. Asia Pacific Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
10.4.1.1. India
10.4.1.2. China
10.4.1.3. Japan
10.4.1.4. Australia
10.4.1.5. South Korea
10.4.1.6. Hong Kong
10.4.1.7. Southeast Asia
10.4.1.8. Rest of Asia Pacific
10.4.2. Asia Pacific Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
10.4.3. Asia Pacific Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
10.4.4. Asia Pacific Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by Source, 2021-2034
10.4.5. Asia Pacific Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by Parts Of Fishery To Be Recycled (Qualitative), 2021-2034
10.4.6. Asia Pacific Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by End User, 2021-2034
10.5. Latin America
10.5.1. Latin America Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
10.5.1.1. Brazil
10.5.1.2. Mexico
10.5.1.3. Rest of Latin America
10.5.2. Latin America Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
10.5.3. Latin America Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
10.5.4. Latin America Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by Source, 2021-2034
10.5.5. Latin America Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by Parts Of Fishery To Be Recycled (Qualitative), 2021-2034
10.5.6. Latin America Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by End User, 2021-2034
10.6. Middle East & Africa
10.6.1. Middle East & Africa Wind Turbine Rotor Blade Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
10.6.1.1. GCC Countries
10.6.1.2. Israel
10.6.1.3. South Africa
10.6.1.4. Rest of Middle East and Africa
10.6.2. Middle East & Africa Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
10.6.3. Middle East & Africa Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
10.6.4. Middle East & Africa Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by Source, 2021-2034
10.6.5. Middle East & Africa Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by Parts Of Fishery To Be Recycled (Qualitative), 2021-2034
10.6.6. Middle East & Africa Fishery By-Products Market Revenue (US$ Million) Estimates and Forecasts by End User, 2021-2034
Chapter 11. Competitive Landscape
11.1. Major Mergers and Acquisitions/Strategic Alliances
11.2. Company Profiles
11.2.1. FKS Multi Agro (Indonesia)
11.2.1.1. Business Overview
11.2.1.2. Key Product /Service Overview
11.2.1.3. Financial Performance
11.2.1.4. Geographical Presence
11.2.1.5. Recent Developments with Business Strategy
11.2.2. N Pesquera Diamante Peru (Peru)
11.2.3. Oceana Group Limited (South Africa)
11.2.4. Scoular Company (US)
11.2.5. Austevoll Seafood ASA (Norway)
11.2.6. Maruha Nichiro Corporation (Japan)
11.2.7. Nippon Suisan Kais (Japan)
11.2.8. Sopropriache (France)
11.2.9. Thai Union Ingredients (Thailand)
11.2.10. Seagarden Group (Norway)
11.2.11. Lysi hf. (Iceland)
11.2.12. Hofseth Biocare AS (Norway)
11.2.13. Ashland (US)
11.2.14. Atlantis Sea-Agri Group (Africa)
11.2.15. Dai Dai Thanh Seafoods (Vietnam
Fishery By-products Market By Type
· Protein & Protein Derivatives
o Fishmeal
o Fish Silage
o Fish Hydrolysate
o Gelatin
o Collagen
· Fish Oil
· Minerals
o Bone Powder
o Chitin
o Chitosan
· Bioactives & Specialty Compounds
o Enzymes
o Squalene
o Carotenoids
o Cartilage
o Collagen Peptides
Fishery By-products Market By Technology
· Enzymatic Hydrolysis
· Chemical Extraction
· Fermentation
· Freeze Drying
Fishery By-products Market By Source
· Capture Fisheries
o Marine
o Inland
· Aquaculture
Fishery By-products Market By End-Use Industry
· Food & Beverage
o Flavor Enhancers
o Nutritional Supplements
o Fortified Food & Beverage
· Animal Feed
o Aquaculture Feed
o Livestock Feed
o Pet Food Additives
· Agriculture
· Cosmetics & Personal Care
· Pharmaceuticals & Nutraceuticals
· Industrial Applications
Fishery By-products Market By Parts Of Fishery To Be Recycled (Qualitative)
· Heads, Bones, & Viscera
· Skins & Scales
· Shells: Source Of Biopolymers
· Fish Trimmings: Foundation For Flavor & Feed
· Liver, Roe, Fish Blood, and Others
Fishery By-products Market by Parts Of Fishery To Be Recycled (Qualitative)-
· Heads, Bones, & Viscera
· Skins & Scales
· Shells: Source Of Biopolymers
· Fish Trimmings: Foundation For Flavor & Feed
· Liver, Roe, Fish Blood, And Others
Fishery By-products Market by Region-
North America-
· The US
· Canada
Europe-
· Germany
· The UK
· France
· Italy
· Spain
· Rest of Europe
Asia-Pacific-
· China
· Japan
· India
· South Korea
· Southeast Asia
· Rest of Asia Pacific
Latin America-
· Brazil
· Argentina
· Mexico
· Rest of Latin America
Middle East & Africa-
· GCC Countries
· South Africa
· Rest of the Middle East and Africa
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
