Fish Products Market to Reach 275.9 Million Tons by 2033

The global fish products market, was pegged at 221.30 Million tons in 2026, according to Fish Products Market Report, by Product Type (Fish Oil, Fishmeal, and Others (Fish Sauce, Fermented Fish, etc.)), by Application (Food, Feed, Pharmaceuticals, and Others (Fertilizer, etc.)), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2026 – 2033

The global fish products market was estimated at 221.30 Million tons in 2026, and is expected to reach 275.9 Million tons by 2033, exhibiting a CAGR of 3.2% during the forecast period (2026-2033). The fish products market growth is attributed to high demand for fish oil and fishmeal. Fish oil is majorly used in the pharmaceutical industry for manufacturing Omega-3 tablets. For instance, according to the article published by American Society of Nutrition, Omega-3 fatty acids have been linked to healthy ageing, fetal development, curing Alzheimer’s disease, and increasing cardiovascular function.

Fish oil is also used in the food industry to enhance and add a typical flavor to the food. Fishmeal is generally used as feed for pigs, chickens, and in aquaculture. The growth of the fish product industry is also attributed to increasing demand for fish meal in aquaculture. There has been a drastic increase in the fish meal used in aquaculture in the past decade. For instance, according to IFFCO, in 2016, demand for fish meal in aquaculture was around 70.0% of the total fishmeal consumed globally, compared to 58.8% in 2008. This growth in fishmeal consumption is attributed to increasing fishmeal obtained from crustaceans, salmon, and marine fish.

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Browse 35 market data tables* and 24 figures* on "Fish Products Market” - Global forecast to 2033 Recent developments in scientific studies on fish oil and its medicinal qualities are driving the market for fish oil globally. For instance, in October 2016, a study presented at the American Society of Reproductive Medicine explained how the use of omega-3 fatty acids has the potential to improve fertility.

Key News

In February 2026, Thai Union Group PCL, food company in collaboration with Mondi Group, launched the seafood industry’s first shelf-stable tuna product in a recyclable mono-material pouch. Introduced under John West’s Stir & Serve range, the pouch replaces hard-to-recycle mixed materials while maintaining an 18-month shelf life at room temperature. The lightweight format uses under 7 grams of packaging per 300 grams of tuna and supports Thai Union’s SeaChange 2030 sustainable packaging goals across branded products globally. (Source: Thai Union Group PCL)
In July 2026, Karnataka Fisheries Development Corporation launched a web-based seafood delivery platform to connect fishers directly with consumers across the state. The portal allows customers to order fresh and ready-to-cook seafood, with pickup options and doorstep delivery within five kilometres for Rs 49. The initiative aims to reduce intermediaries, improve fisher incomes, support fish farmer groups, and expand seafood access through upcoming Android and iOS apps.
In April 2026, WorldFish launched WorldFish Ventures, a wholly owned commercial subsidiary, to scale aquatic food innovations globally. Approved by its Board of Trustees, the platform will mobilize private capital, engage industry partners, and commercialize research across Asia, Africa, and other markets. Its initial focus includes advanced fish genetics, digital platforms and analytics, and capacity-building through WorldFish Academy, helping transform aquatic food systems with sustainable market-based solutions and strengthen long-term nutrition security worldwide.
In March 2026, Channel Fish Processing launched six value-added seafood products at Seafood Expo North America 2026 while marking its 80th anniversary. The Massachusetts-based processor showcased Mini Salmon Arepas, Mango Habanero Shrimp, Chicken Fried Wild Alaska Sole Tenders, Jalapeno Popper Shrimp, Panko-Breaded Salmon Nuggets, and Super Fish Sticks. The launches target retail and foodservice channels, highlighting globally inspired flavors and convenient formats to attract younger seafood consumers and expand branded private-label opportunities nationwide.
In July 2026, Karnataka Fisheries Development Corporation (KFDC) unveiled the “Seafood at Doorsteps” e-commerce platform to deliver fresh, hygienically processed and ready-to-cook seafood directly to consumers. Developed on Shopify, the browser-based portal will show product descriptions, photos, weights and prices. The initiative aims to raise incomes for fishermen, fish farmers, SHGs and FFPCs, while building direct market links and later adding Android and iOS apps plus wider logistics partnerships across locations.

Key Takeaways

Asia Pacific held the largest share for fish products consumption globally mainly due to growing demand from China. The country has many inland freshwater bodies, which provide a significant growth opportunities for market players operating in inland fisheries and aquaculture.
Europe is the second-largest market in terms of fish product consumption, and the fish product market in the region is expected to grow at a CAGR of around 3.3% during the forecast period mainly due to rise in demand for fermented fish products
In Europe, fermented fish is considered as a staple food in various cuisines. A product named ‘garum’ is gaining popularity in Rome and Greece. Garum is in the form of pasta and has a strong smell.
In Indonesia, fermented fish is made in a wide variety of flavors. However, people in Indonesia believe in only local supply of the product and do not make them available nationwide. Therefore, the market opportunities are available for supply of all types of flavored fermented fish such as the shrimp paste and fish sauce in Indonesia.
Major player’s operating in the fish products market include Omega Protein Corporation, FMC Corporation, Corpesca S.A., TripleNine Group A/S, Colpex International, FF Skagen A/S, Pesquera Diamante S.A., Marvesa Holding N.V, TASA, American Marine Ingredients, Croda Inc., GC Rieber Oils, and Pelagia.