Fishmeal and Fishoil Market size was valued at USD 4.61 Billion in 2024 and is projected to reach USD 6.45 Billion by 2033, exhibiting a CAGR of 4.2% from 2026 to 2033.
The Malaysia Fishmeal and Fishoil Market has seen significant growth due to increasing demand from various industries, especially aquaculture and animal feed. The fishmeal and fishoil market in Malaysia is a thriving sector, driven by both domestic consumption and international export. As the country’s seafood industry continues to expand, so does the requirement for fishmeal and fishoil in various industrial applications. Fishmeal, which is made from fish or fish by-products, provides essential proteins and nutrients for livestock, poultry, and aquaculture feed. Fish oil, derived from fatty fish, is rich in Omega-3 fatty acids, making it highly valuable for nutritional supplements and the feed industry.
The demand for fishmeal and fishoil is primarily fueled by the growing need for high-quality animal and aquaculture feed. Malaysia’s booming aquaculture industry, particularly in fish farming, is one of the key drivers behind the increasing consumption of fishmeal. Aquaculture farms rely on fishmeal for its protein content to support the healthy growth of farmed fish, ensuring they meet market demands. Similarly, fish oil is widely used in the aquaculture industry to enhance the nutritional profile of fish feed. Its high Omega-3 content helps to improve the growth rate and overall health of farmed fish, making it an essential ingredient in feed formulations.
Industries such as pet food, pharmaceuticals, and cosmetics also require fishmeal and fishoil. The pet food sector, for example, seeks fishmeal as a protein source for premium pet food products. Meanwhile, fish oil's health benefits, such as improving cardiovascular health and supporting cognitive function, make it a sought-after ingredient in nutritional supplements. In the pharmaceutical sector, fish oil is used in various treatments, including for its anti-inflammatory properties.
The Malaysian fishmeal and fishoil market is expected to continue its upward trajectory, with local manufacturers scaling up production to meet rising domestic and international demands. However, there are also challenges, including sustainability concerns and the pressure to maintain ethical fishing practices. To address these concerns, efforts are being made to implement responsible sourcing and improve production processes. The overall outlook for the Malaysia Fishmeal and Fishoil Market remains promising, as industries continue to rely on these products for their diverse applications.
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Royal DSM
FF Skagen
Sursan A.S.
BASF SE
GC Rieber Oils
Croda International PLC
The Scoular Company
Omega Protein Corporation
Oceana Group Limited
Pelagia
By 2030, Malaysia is expected to witness significant momentum in the market research industry, aligning with the global projection of surpassing $120 billion, driven by a compound annual growth rate (CAGR) of over 5.8% from 2023 to 2030. The industry in Malaysia is being reshaped by technological disruptions, particularly through the adoption of machine learning, artificial intelligence, and advanced data analytics. These technologies provide businesses with predictive analysis and real-time consumer insights, enabling smarter and more precise decision-making. As part of the broader Asia-Pacific region, Malaysia is positioned to contribute substantially to the over 35% revenue growth expected from this region. Additionally, the adoption of innovative techniques such as mobile surveys, social listening, and online panels is rapidly gaining ground in Malaysia, emphasizing speed, precision, and customization, and driving a new era of data-driven strategies across industries.
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Growing demand for below applications around the world has had a direct impact on the growth of the Malaysia Fishmeal and Fishoil Market
Aquaculture Feed
Pet Food
Animal Feed
Human Nutrition
Cosmetics
Pharmaceuticals
Fishmeal
Fish Oil
Wild Caught Fish
Farmed Fish
Aquaculture
Livestock Feed
Food Processing
Pharmaceutical Industry
Cosmetics and Personal Care
Dry
Liquid
1. Singapore
Relationship: Strong economic ties; major trading partner.
Highlights: Advanced financial and logistics hub; shares deep cross-border business and travel links with Malaysia.
2. Indonesia
Relationship: Largest ASEAN economy; close cultural and linguistic ties.
Highlights: Major market for Malaysian exports; shared initiatives in palm oil, labor, and regional security.
3. Thailand
Relationship: Land-border neighbor with active cross-border trade.
Highlights: Strong tourism, agricultural, and automotive collaboration.
4. Brunei
Relationship: Close diplomatic and energy-sector ties.
Highlights: Joint ventures in oil & gas; similar Malay cultural heritage.
5. Philippines
Relationship: Regional partner in ASEAN; maritime neighbor.
Highlights: Collaborations in education, labor migration, and disaster relief.
6. Vietnam
Relationship: Growing trade and investment partner.
Highlights: Rising manufacturing hub; strong demand for Malaysian technology and services.
7. Cambodia, Laos, and Myanmar
Relationship: Developing ASEAN members with growing economic ties to Malaysia.
Highlights: Opportunities in construction, retail, and financial services.
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1. Introduction of the Malaysia Fishmeal and Fishoil 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. Malaysia Fishmeal and Fishoil Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Malaysia Fishmeal and Fishoil Market, By Type
6. Malaysia Fishmeal and Fishoil Market, By Application
7. Malaysia Fishmeal and Fishoil Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia
Vietnam
8. Malaysia Fishmeal and Fishoil Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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