MARKET REPORT 108 FEED & ADDITIVE MAGAZINE February 2026 al objectives such as coloration, stress tolerance, and product quality for specific species. In summary, when viewed by animal species, the demand structure of the global fish meal and fish oil market is largely shaped by aquaculture. Poultry and swine segments offer more limited but stable demand, while ruminants and pet foods stand out as more niche applications. REGIONAL MARKET STATUS The global fishmeal and fish oil market is shaped by different dynamics depending on regional production structures, the development level of aquaculture, the scale of the feed sector, and regulatory frameworks. The Americas, Asia-Pacific, Europe, the Middle East, and Africa exhibit distinct characteristics on both the supply and demand sides. The regional outlook for the market is detailed below: Asia-Pacific The Asia-Pacific region stands out as the largest consumption center of the global fishmeal and fish oil market. The rapidly growing aquaculture sector in countries such as China, Vietnam, Indonesia, Thailand, and India forms the primary driver of regional demand. Fish meal and fish oil are used as critical feed components in shrimp and fish farming, supporting performance and survival rates. Increasing population, protein demand, and export-oriented production models make Asia-Pacific the engine of market growth. The region is also the main destination for fish meal and fish oil imports from Latin America and Africa. The Americas The American continent plays a strategic role in the global supply of fishmeal and fish oil, particularly thanks to South American countries. Peru and Chile meet a significant portion of global fishmeal and fish oil production and sit at the center of global exports. In North America, the market is shaped more by aquaculture, pet foods, and specialized feeding practices, and the region is notable for its demand rather than its supply. Overall, the Americas region continues to be one of the main regions determining the market's supply security with its strong ingredient infrastructure and advanced processing capacity. Europe Europe stands out as a mature region with high standards in the fishmeal and fish oil market. Countries such as Norway, Denmark, and Iceland play a significant role on both the production and consumption sides. In particular, the Norway-based salmon farming sector emerges as one of the primary sources of fish oil demand. Furthermore, sustainability, traceability, and environmental impact criteria are of paramount importance in Europe. This situation brings certified and responsible sourcing models to the forefront in the use of fishmeal and fish oil. The proliferation of plant-based and microbial alternatives causes growth in the European market to remain more limited and controlled. Middle East The Middle East region exhibits a structure that is largely dependent on imports for fishmeal and fish oil. Despite the limited natural resources in the region, increasing aquaculture investments—especially in the Gulf countries—support demand. In line with food security goals and the objective of increasing local protein production, Middle Eastern countries are prioritizing aquaculture projects. This leads to a gradual increase in the demand for fishSource: Andrei Armiagov I Shutterstock
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