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 industry 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 quite dynamic in its expansion. This has been largely brought about by the increased incorporation of high-protein dietary additives in animal feeds, especially those for aquaculture and poultry. With a hastening demand for sustainable and nutrient-dense feed ingredients, fish meal is increasingly emerging as one of the most important inputs in livestock farming for every kind of livestock. All players in aquaculture industries are taking fish meals into consideration to improve feed conversion ratios and make species such as carp, tilapia, and catfish realize faster growth cycles. Simultaneously, poultry farms are adding fish meal to boost protein levels in feeds, creating healthier flocks and enhancing productivity. This trend further strengthens as farmers realize what it means to feed efficiently in monetary terms. The types of raw materials available-small pelagics, fish offal, and bycatch-guarantee stability in production volumes. Technological advancement in the fish processing and fish-drying methods is improving nutritional retention of the final product, thereby making fish meal a more and more dependable ingredient in the feed industry.
Stable production volumes currently benefit from the various raw materials-such as small pelagic fish, fish offal, and bycatch. Technological advancement in fish processing and fish drying methods has improved the nutritional retention of the finished product; hence it makes fish meal a more and more reliable ingredient in the feed industry. Not only do they buoyant enough it today with regional demand, but they also shape market development unto themselves compellingly. Highly engaged coastal states like Gujarat, Tamil Nadu, and Andhra Pradesh-were sustained by their development of fishing infrastructure and presence of established aquaculture clusters. Production and consumption hubs of these areas are increasingly benefitting from raw material proximity and pre-established cold chain logistics. The inland, especially in the north and central zones, is beginning to manifest growth as livestock farming increases from the continuous increase in protein consumption among urban and rural households. Besides, government initiatives concerning sustainable fisheries and better post-harvest practices have narrowed down what could have been costlier supply chains, making fish meal reach various agricultural belts. Last but not the least, through public and private sector funding, innovations have been promoted in feed-formulation technologies to improve through blending fish meal with other plant-based inputs for cost-effective, but balanced-feeding products.
Animal health and welfare considerations are getting increasing emphasis and hence enhancing the importance of fish meal in India’s feed economy. With a majority of consumers preferring organic and naturally sourced products, feed manufacturers are adjusting their product lines to suit clean-label developments. Fish meal, being rich in essential amino acids, omega-3 fatty acids, and minerals, is fitting in these continuously changing characteristics. Large-scale producers in commercial aquaculture are using fish meal to maintain the export quality standard, thus giving India a stronghold in the global seafood trade. Likewise, the poultry and dairy sectors are enhancing the incorporation of fish meal to meet the growing demand for protein in the domestic market. With the emergence of precision nutrition and digital farm management, real-time data are verifying fish meal performance across animal species. This continuous evolution, allied with local resource availability and for now a friendly policy regime, has set the foundation for India’s fish meal market as a corner store in the broader agricultural value chain of the country.
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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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