Fishery By-products Market Size, Share & Trends Analysis Distribution by Type (Protein & Protein Derivatives, Fish Oil, Minerals, Bioactives & Specialty Compounds), By Technology (Enzymatic Hydrolysis, Chemical Extraction, Fermentation, Freeze Drying), By Source (Capture Fisheries, Aquaculture), By End-Use Industry (Food & Beverage, Animal Feed, Agriculture, Cosmetics & Personal Care, Pharmaceuticals & Nutraceuticals, Industrial Applications), 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 Segment Forecasts, 2025-2034
Segmentation of Fishery By-products Market -
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
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
Research Design and Approach
This study employed a multi-step, mixed-method research approach that integrates:
- Secondary research
- Primary research
- Data triangulation
- Hybrid top-down and bottom-up modelling
- Forecasting and scenario analysis
This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.
Secondary Research
Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.
Sources Consulted
Secondary data for the market study was gathered from multiple credible sources, including:
- Government databases, regulatory bodies, and public institutions
- International organizations (WHO, OECD, IMF, World Bank, etc.)
- Commercial and paid databases
- Industry associations, trade publications, and technical journals
- Company annual reports, investor presentations, press releases, and SEC filings
- Academic research papers, patents, and scientific literature
- Previous market research publications and syndicated reports
These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.
Primary Research
Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.
Stakeholders Interviewed
Primary interviews for this study involved:
- Manufacturers and suppliers in the market value chain
- Distributors, channel partners, and integrators
- End-users / customers (e.g., hospitals, labs, enterprises, consumers, etc., depending on the market)
- Industry experts, technology specialists, consultants, and regulatory professionals
- Senior executives (CEOs, CTOs, VPs, Directors) and product managers
Interview Process
Interviews were conducted via:
- Structured and semi-structured questionnaires
- Telephonic and video interactions
- Email correspondences
- Expert consultation sessions
Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.
Data Processing, Normalization, and Validation
All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.
The data validation process included:
- Standardization of units (currency conversions, volume units, inflation adjustments)
- Cross-verification of data points across multiple secondary sources
- Normalization of inconsistent datasets
- Identification and resolution of data gaps
- Outlier detection and removal through algorithmic and manual checks
- Plausibility and coherence checks across segments and geographies
This ensured that the dataset used for modelling was clean, robust, and reliable.
Market Size Estimation and Data Triangulation
Bottom-Up Approach
The bottom-up approach involved aggregating segment-level data, such as:
- Company revenues
- Product-level sales
- Installed base/usage volumes
- Adoption and penetration rates
- Pricing analysis
This method was primarily used when detailed micro-level market data were available.
Top-Down Approach
The top-down approach used macro-level indicators:
- Parent market benchmarks
- Global/regional industry trends
- Economic indicators (GDP, demographics, spending patterns)
- Penetration and usage ratios
This approach was used for segments where granular data were limited or inconsistent.
Hybrid Triangulation Approach
To ensure accuracy, a triangulated hybrid model was used. This included:
- Reconciling top-down and bottom-up estimates
- Cross-checking revenues, volumes, and pricing assumptions
- Incorporating expert insights to validate segment splits and adoption rates
This multi-angle validation yielded the final market size.
Forecasting Framework and Scenario Modelling
Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.
Forecasting Methods
- Time-series modelling
- S-curve and diffusion models (for emerging technologies)
- Driver-based forecasting (GDP, disposable income, adoption rates, regulatory changes)
- Price elasticity models
- Market maturity and lifecycle-based projections
Scenario Analysis
Given inherent uncertainties, three scenarios were constructed:
- Base-Case Scenario: Expected trajectory under current conditions
- Optimistic Scenario: High adoption, favourable regulation, strong economic tailwinds
- Conservative Scenario: Slow adoption, regulatory delays, economic constraints
Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.
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The 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 over the forecast period.
The major players in the Fishery By-products market are FKS Multi Agro, Maruha Nichiro Corporation, Lysi hf., Pesquera Diamante Peru, Nippon Suisan Kais, Hofseth Biocare AS, Oceana Group Limited, Sopropriache, Ashland, Scoular Company, Thai Union Ingredients, Atlantis Sea-Agri Group, Austevoll Seafood ASA, Seagarden Group, and Dai Dai Thanh Seafoods.
The primary Fishery By-products market segments are Type, Technology, Source, End-Use Industry, Parts Of Fishery To Be Recycled (Qualitative).
Asia Pacific leads the market for Fishery By-products due to the abundant fish production and strong aquaculture industries.