Fishmeal Market Revenue was valued at USD 5.24 Billion in 2024 and is estimated to reach USD 7.68 Billion by 2033, growing at a CAGR of 4.5% from 2026 to 2033.
The South Korea fishmeal market is a vital sector of the country’s animal feed industry, driven by the increasing demand for protein-rich feed in aquaculture and livestock farming. Fishmeal, made from ground-up fish or fish by-products, has gained significant importance due to its high nutritional value. It serves as a key ingredient in feeding various species of fish, poultry, and livestock, making it an essential component of the animal husbandry ecosystem.
In South Korea, the fishmeal market is fueled by the country’s booming aquaculture industry, which is one of the largest in the world. Aquaculture, particularly for species like salmon, tuna, and shrimp, heavily relies on high-quality feed, with fishmeal being a primary source of protein. The demand from the fishing and aquaculture sectors has steadily increased over the years, resulting in a surge in the production and importation of fishmeal in South Korea.
One of the key drivers for the growth of the fishmeal market in South Korea is the rising demand for fish protein in the poultry and livestock industries. As South Korea continues to modernize its agricultural practices, more efficient and high-yielding animal farming techniques have been adopted. Fishmeal, rich in omega-3 fatty acids and essential amino acids, has become a sought-after ingredient for feeding livestock, poultry, and farmed fish.
Moreover, the fishmeal industry in South Korea faces challenges regarding sustainability and sourcing. Overfishing concerns and the depletion of marine resources have led to an increased focus on sustainable fishmeal production methods. As a result, industries are exploring alternative fishmeal sources, such as algae-based and plant-based meals, to meet the growing demand while mitigating environmental impacts.
As the demand for fishmeal grows, particularly in the feed and aquaculture industries, companies in South Korea must continue innovating to meet industry requirements. Fishmeal suppliers are working to improve the quality of their products and ensure that they comply with stringent environmental standards. Companies in this sector are investing in new technologies to enhance production efficiency, while also addressing the need for eco-friendly, sustainable practices in the fishing industry.
The future of the fishmeal market in South Korea looks promising, driven by strong demand from both the local and global markets. With the increased focus on sustainability, along with continued investments in aquaculture, livestock, and fishmeal production, South Korea remains a key player in the global fishmeal supply chain. As industries demand higher-quality fishmeal, the market is set to grow in the coming years, catering to the increasing need for protein-rich animal feed.
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TASA
Diamante
Austevoll Seafood ASA
COP Inc
Corpesca SA
Omega Protein
Coomarpes
KT Group
Cermaq
FF Skagen
Austral
Kodiak Fishmeal
Havsbrun
Hayduk
Exalmar
Strel Nikova
Nissui
Iceland Pelagic
Daybrook
Rongcheng Blue Ocean Marine Bio
Hisheng Feeds
Chishan Group
Dalian Longyuan Fishmeal
Fengyu Halobios
Hainan Fish oil&fish meal
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Fishmeal Market
Wild-caught Fishmeal
Aquaculture-based Fishmeal
product Fishmeal
Aquaculture Feed
Poultry Feed
Swine Feed
Pet Food
Other Animal Feeds
Powdered Fishmeal
Pelleted Fishmeal
High Protein Fishmeal (60% and above)
Medium Protein Fishmeal (50%–60%)
Low Protein Fishmeal (Below 50%)
Agriculture
Animal Feed Industry
Pet Food Industry
Others
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Fishmeal Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Fishmeal Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Fishmeal Market, By Type
6. South Korea Fishmeal Market, By Application
7. South Korea Fishmeal Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Fishmeal Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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