Fishery By-Products Market to Reach $37.46 Billion by 2030: Analysis and Insights

Insights into the Fishery By-Products Market

The fishery by-products sector is evolving significantly, with projections estimating its market value to grow from approximately $26.34 billion in 2025 to a remarkable $37.46 billion by 2030. This growth translates to a compound annual growth rate (CAGR) of 7.3%. As the environmental consciousness among consumers increases, there is a high demand for natural, sustainably sourced, and ethically produced ingredients across various sectors, including food, cosmetics, and healthcare products.

Growth Drivers

One of the key factors driving this market is the increasing consumer preference for eco-friendly alternatives in their daily products. Marine-derived ingredients such as collagen are gaining attention as cleaner substitutes for animal-based sources such as bovine and porcine collagen. This transition is particularly appealing to individuals with dietary restrictions or preferences, like pescatarians.

Similarly, omega-3 oils sourced from fish waste are increasingly regarded as a sustainable resource for functional foods and dietary supplements. Stakeholders in the nutritional industry are recognizing fishery by-products as viable, zero-waste options in ingredient sourcing, aligning with the growing trend of reducing environmental footprints.

The Role of Collagen

Among the various products derived from fishery by-products, collagen holds a prominent position. Extracted from fish skins, scales, and bones, collagen features prominently in food manufacturing, pharmaceuticals, and cosmetic applications. Fish gelatin, for instance, is celebrated for its versatility and serves as a stabilizing agent in various food formulations while being compatible with vegetarian and religious dietary needs.

Furthermore, marine collagen peptides have found their way into skincare products, particularly in anti-aging formulations and daily supplements, leading to a spike in their popularity within the cosmetics and nutraceutical sectors. As a result, fish-derived collagen provides an appealing solution for consumers aiming to source ingredients ethically and sustainably while avoiding porcine or bovine options.

Influence of the Animal Feed Sector

The animal feed industry stands out as a major consumer of fishery by-products, showcasing significant market volume. Fishmeal and fish oil remain critical components of feed formulations for aquaculture, poultry, and swine. These by-products are renowned for their high protein content and beneficial fatty acid profiles, which play a crucial role in animal development and immune health.

As the global aquaculture industry grows, particularly in regions like Asia Pacific and South America, the appetite for fishery by-products intensifies. The feed formulations, particularly for species like tilapia and salmon, increasingly incorporate these sustainable resources. This trend aligns with the broader pursuit of reducing waste and improving sustainability within the aquaculture sector.

The Asia Pacific Advantage

Geographically, the Asia Pacific region significantly impacts the fishery by-products market, often referred to as the Fishery Super Continent. Countries like China, India, Vietnam, and Japan contribute greatly through extensive marine resources and productive aquaculture practices. The waste generated from these activities presents substantial opportunities for transforming it into valuable by-products such as fishmeal, collagen, and hydrolysates.

The rise in aquaculture and seafood processing in this region indicates not only an increase in fish production but also a direct relationship with the generation of fishery waste. The proper management and valorization of this waste can contribute to sustainability efforts in the marine ecosystem.

Corporate Players in the Market

Key players in the fishery by-products market include renowned companies like Pesquera Diamante (Peru), Oceana Group Limited (South Africa), and Maruha Nichiro Corporation (Japan), reflecting a diverse array of stakeholders working towards sustainable solutions. Their involvement underscores the dynamic nature of this sector and the critical roles these enterprises play in meeting rising consumer demands.

Conclusion

The fishery by-products market is on a promising growth path, driven by sustainability trends and increasing consumer preference for natural products. As stakeholders lean towards sustainable production and waste management, the sector is expected to continue expanding, contributing to a more sustainable and circular economy in the global market. With an eye on future opportunities, focusing on innovative solutions will be key to leveraging fishery by-products for sustainable practices across various industries.