India Fish Meal Overview
Market Size in 2024: USD 332.25 Million
Market Forecast in 2033: USD 596.60 Million
Market Growth Rate: 6.72% (2025-2033)
According to the latest report by IMARC Group, the India fish meal market size reached USD 332.25 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 596.60 Million by 2033, exhibiting a growth rate (CAGR) of 6.72% during 2025-2033.
India Fish Meal Industry Trends and Drivers:
The India fish meal market is currently experiencing significant growth, primarily driven by the increasing demand for high-quality animal feed in various sectors, including aquaculture and poultry farming. As fish meal serves as a rich source of protein, it is increasingly becoming the preferred choice for enhancing the nutritional value of animal feed. The rising global consumption of seafood is playing a crucial role in the demand for fish meal, as it is a key component in promoting healthy growth in farmed fish. Furthermore, the expanding livestock farming industry is creating additional demand, with fish meal being recognized for its ability to improve the overall quality and yield of animal products. These factors, along with the increased awareness of the importance of proper nutrition in animal husbandry, are contributing to the market’s growth trajectory.
Another significant driver of the India fish meal market is the continuous improvement in processing technologies. These advancements are helping to enhance the quality and efficiency of fish meal production. The availability of high-quality raw materials is also supporting the growth of the market, as more suppliers are ensuring a consistent and reliable supply of raw fish for processing. The efficient extraction methods now in place are further improving the nutritional profile of the fish meal, making it a preferred option for animal feed manufacturers. As the supply chain becomes more streamlined, production costs are also being optimized, providing a more sustainable and cost-effective solution for producers, which in turn boosts market growth.
The market is also benefiting from the diversification of its applications across different species. While the primary use of fish meal has traditionally been in aquaculture, there is an increasing adoption of fish meal in poultry farming and livestock feed. These applications are helping to expand the market’s reach, as farmers and producers are discovering the advantages of using fish meal for a wider variety of animals. As demand continues to rise across various sectors, coupled with the increasing focus on sustainable farming practices, the India fish meal market is well-positioned for long-term growth. The market’s future will be shaped by innovations in both production techniques and applications, allowing fish meal to remain a vital component in animal nutrition for years to come.
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India Fish Meal Industry Segmentation:
The report has segmented the market into the following categories:
Raw Material Insights:
- Whole Fish
- By-Product From Wild Capture
- By -Product From Aquaculture
Species Insights:
- Marine
- Anchovy
- Sandeel
- Menhaden
- Sprat
- Others
- Trimming
Application Insights:
- Aquaculture
- Crustaceans
- Salmon and Trout
- Marine Fish
- Tilapias
- Others
- Swine
- Poultry
- Others
Regional Insights:
- North India
- South India
- East India
- West India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
India Fish Meal Market News:
- In August 2024, the Indian government lifted the ban on the registration of new fish meal and fish oil facilities. The MPEDA imposed a freeze on the registration of new fish meal and fish oil facilities starting January 1, 2020, to prevent the excessive exploitation of food fish resources. It was also thought that the moratorium would improve the output potential of current fishmeal facilities.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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