The global marine by-products market was valued at USD 33,725.4 million in 2023. With a robust 10.5% year-on-year increase in 2024, the market is projected to reach USD 37,303.1 million by 2025. Looking ahead, international sales are anticipated to expand at a compound annual growth rate (CAGR) of 5.6% between 2025 and 2035, reaching USD 64,325.7 million by the end of the forecast period.
The demand for marine by-products is largely fueled by the growing interest in natural, sustainable, and bioactive ingredients in the food & beverage, pharmaceutical, and cosmetics industries. Among the most commercially significant by-products are fish meal and fish oil, both rich in omega-3 fatty acids known for supporting cardiovascular health, reducing inflammation, and boosting brain function. These health benefits have significantly boosted the inclusion of marine-derived ingredients in functional foods and dietary supplements.
Start Your Market Research Journey – Request a Free Sample: https://www.futuremarketinsights.com/report-sample#5245502D47422D3137353030
Key Takeaways:
- Global market value in 2023: USD 33.7 billion
- Projected value in 2025: USD 37.3 billion
- Expected market size by 2035: USD 64.3 billion
- CAGR from 2025 to 2035: 5.6%
- Top applications: Functional foods, dietary supplements, pharmaceuticals, cosmetics
- Key products: Fish oil, fish meal, collagen, gelatin, enzymes
Market Dynamics:
Drivers:
- Rising consumer focus on health and wellness, leading to higher demand for omega-3 rich supplements and marine-based nutraceuticals.
- Increasing adoption of green and sustainable sourcing across industries, particularly in cosmetics and personal care.
- Growth in aquaculture and fish processing industries, creating more opportunities for by-product recovery and value addition.
Restraints:
- Fluctuations in raw material availability due to overfishing or regulatory restrictions can impact supply chains.
- High costs related to advanced processing technologies and compliance with strict food safety regulations.
Opportunities:
- Expansion into emerging economies with rising disposable incomes and growing awareness of functional nutrition.
- Innovative applications of marine by-products in bioplastics, pet food, and agriculture.
Recent Developments in the Market:
- In 2024, several Norwegian and Japanese biotech companies announced collaborations for extracting high-purity marine collagen from fish scales.
- A US-based nutraceutical brand launched a new line of marine-derived omega-3 supplements targeted at aging populations.
- China’s leading fish processing firms are investing in zero-waste production lines, aiming to convert all residuals into value-added products.
Key Benefits for Stakeholders:
- Manufacturers can capitalize on growing applications across high-value sectors like healthcare, wellness, and beauty.
- Investors can explore sustainable innovations such as marine enzymes and biodegradable materials.
- Policy makers and governments may find new economic value in promoting circular economy models within coastal and fishing communities.
“Marine by-products are no longer waste—they’re gold. As sustainability moves from trend to standard, industries are finding new life in what was once discarded. With rising interest in natural health solutions and circular economies, marine by-products are becoming a central ingredient in the global value chain,” said the lead market analyst.
The Complete Picture Awaits – Download the Full Report: https://www.futuremarketinsights.com/reports/marine-by-products-market
Competitive Analysis:
The marine by-products market is moderately consolidated with key players focusing on sustainability, innovation, and global expansion. Notable players include:
- Oceana Group (South Africa) – Known for its large-scale fishmeal and fish oil operations.
- Sopropeche (France) – Focused on eco-friendly marine collagen and gelatin production.
- TripleNine Group (Denmark) – Major player in marine protein and omega-3 concentrates.
- TASA (Peru) – One of the world’s largest fishmeal producers.
- Biomega Group (Norway) – Specializes in bioactive marine peptides and proteins.
Collaborations, vertical integration, and technology upgrades are common strategies in this evolving market. Players are also increasingly aligning with ESG (Environmental, Social, and Governance) goals to appeal to conscious consumers.
Country-wise Insights:
United States
With a projected CAGR of 6.3%, the US market is being driven by a strong nutraceutical sector, increased use of marine ingredients in sports nutrition, and high levels of R&D investment in marine biotechnology.
Germany
Growing at 5.8% CAGR, Germany’s market is thriving due to rising demand for natural cosmetics, clean-label supplements, and innovations in sustainable food production using marine inputs.
China
At 4.9% CAGR, China’s marine by-products market benefits from its massive aquaculture industry, government-backed sustainability initiatives, and a rapidly growing middle-class health segment.
Japan
Japan’s 4.2% CAGR reflects its mature market dynamics, where traditional use of marine extracts blends with modern applications in anti-aging products and functional beverages.
India
India is projected to lead with a 7.4% CAGR, fueled by a growing domestic seafood industry, government initiatives on waste valorization, and an increasing focus on value-added marine exports.
Explore Animal Nutrition Industry Analysis: https://www.futuremarketinsights.com/industry-analysis/animal-nutrition
Key Segments of Report
By Product Type:
The market includes frozen seafood, fish oil, and fish meal products.
Frozen seafood consists of fish, mollusks, crustaceans, and other seafood varieties.
Fish oil includes salmon oil, tuna oil, cod liver oil, sardine oil, squalene oil, krill oil, anchovy oil, menhaden oil, and other fish-derived oils.
Fish meal is derived from various sources, including mollusks, eels, marine fish, trout, catfish, milkfish, salmon, swordfish, tilapia, tuna, cyprinids, crustaceans, and other fish species.
By End Use:
The market serves multiple industries, including the food service industry, food processing industry, cosmetics, dietary supplements, food and beverages, feed production, and retail/household consumption.
By Region:
The market is segmented as North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, Central Asia, Russia and Belarus, Balkan & Baltic Countries, Middle East and Africa.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
