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InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Fishery By-products Market Size, Share & Trends Analysis Report 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 Others),-Market Outlook And Industry Analysis 2034″
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.
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Fishery by-products are increasingly being leveraged across multiple industries, including animal feed, fertilizers, and aquaculture, as well as in pharmaceuticals, nutraceuticals, cosmetics, and biofuel production. Derivatives such as collagen, gelatin, and chitin serve as natural polymers that enhance applications in food processing (e.g., processed meats), biomedical fields (e.g., cytology), and packaging, often substituting or complementing petrochemical-based materials and promoting resource sustainability.
The market growth for fishery by-products is being driven by the rising adoption of fish-derived bioactive compounds—including collagen, gelatin, omega-3 fatty acids, and chitosan—in medical and wellness applications. These compounds offer therapeutic benefits in areas such as wound healing, tissue regeneration, cardiovascular health, and skincare. Factors such as growing health awareness, increasing demand for nutraceuticals, and a shift toward natural and sustainable ingredients are further supporting market expansion. Additionally, advancements in biotechnology have improved the extraction and purification of valuable compounds from fish waste, fostering environmentally responsible healthcare innovations and supporting circular economy practices within the pharmaceutical and cosmetic sectors.
List of Prominent Players in the Fishery By-products Market:
- 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
- Dai Dai Thanh Seafoods
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Market Dynamics
Drivers:
The Fishery By-products market is primarily propelled by the increasing emphasis on sustainable resource utilization and waste reduction within the seafood industry. Growing demand for fish-derived ingredients, such as fish meal, fish oil, collagen, gelatin, and chitosan, across pharmaceuticals, nutraceuticals, cosmetics, and animal feed is a key growth factor.
Rising consumer awareness regarding the health benefits of omega-3 fatty acids and protein-rich supplements is further driving market adoption. Technological advancements in extraction and processing have enhanced product quality and yield, supporting market expansion. Additionally, government initiatives promoting circular economy models and sustainable aquaculture practices are facilitating the efficient use of fish waste, thereby contributing to market growth.
Challenges:
The market faces several challenges, including variability in raw material supply due to seasonal fishing cycles and overfishing, which can affect production stability. Insufficient infrastructure for effective recovery, storage, and processing of fish waste often results in resource loss and reduced product quality. Large-scale commercialization is constrained by high processing costs and the lack of advanced extraction technologies, particularly in developing regions.
Regulatory compliance concerning hazardous waste management and environmental standards further increases operational complexity. Moreover, limited consumer awareness regarding the benefits of fish by-products and competition from plant-based or synthetic alternatives present additional barriers to market growth.
Regional Trends:
In 2024, the Asia-Pacific region dominated the Fishery By-products market, driven by substantial fish production, a robust aquaculture sector, and extensive seafood processing in countries such as China, India, Japan, and Indonesia. The region’s market leadership is supported by well-established supply chains, lower labor costs, and increasing demand for fish meal, fish oil, and nutraceutical products, alongside growing awareness of sustainable waste utilization and circular economy practices.
Europe presents significant growth opportunities due to stringent sustainability regulations, rising investments in circular economy initiatives, and advancements in biotechnological solutions for fish waste valorization. The region’s strong focus on ecological healthcare, cosmetics, and nutraceutical applications from marine resources, coupled with growing consumer preference for natural and sustainable products, is expected to drive high market adoption and maximize the value of fishery by-products.
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Segmentation of Fishery By-products Market-
By Type
- Protein & Protein Derivatives
- Fishmeal
- Fish Silage
- Fish Hydrolysate
- Gelatin
- Collagen
- Fish Oil
- Minerals
- Bone Powder
- Chitin
- Chitosan
- Bioactives & Specialty Compounds
- Enzymes
- Squalene
- Carotenoids
- Cartilage
- Collagen Peptides
By Technology
- Enzymatic Hydrolysis
- Chemical Extraction
- Fermentation
- Freeze Drying
By Source
- Capture Fisheries
- Marine
- Inland
- Aquaculture
By End-Use Industry
- Food & Beverage
- Flavor Enhancers
- Nutritional Supplements
- Fortified Food & Beverage
- Animal Feed
- Aquaculture Feed
- Livestock Feed
- Pet Food Additives
- 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 Others
By Region-
North America-
- The US
- Canada
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- South East Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Mexico
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of Middle East and Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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