The fishery by-products market is experiencing significant growth, projected to reach USD 37.46 billion by 2030, up from USD 26.34 billion in 2025, at a CAGR of 7.3%. Key players in this market are leveraging sustainable practices and innovative technologies to enhance the value derived from fish processing residues.
Top 10 Companies in the Fishery By-products Market
- Scoular Company (US)
- Austevoll Seafood ASA (Norway)
- Maruha Nichiro Corporation (Japan)
- Nippon Suisan Kais (Japan)
- Sopropriache (France)
- Thai Union Ingredients (Thailand)
- Seagarden Group (Norway)
- Lysi hf. (Iceland)
- Hofseth Biocare AS (Norway)
- Ashland (US)
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Here’s an overview of major companies contributing to the fishery by-products market:
Scoular Company (USA): Scoular’s Encompass brand specializes in sourcing and supplying fishmeal and fish oil globally. Their offerings include high-protein meals from various fish species such as salmon, sardine, sea bass, squid, and tilapia, catering to aquaculture, pet food, and livestock feed industries. Encompass emphasizes traceability, regulatory compliance, and customized sourcing solutions, playing a key role in the fishery by-products market.
Austevoll Seafood ASA (Norway): Austevoll Seafood ASA is a leading producer of pelagic fish products, including fishmeal and fish oil. The company operates extensive fisheries and processing facilities, focusing on sustainable practices and efficient utilization of marine resources, strengthening its position in the fishery by-products market.
Maruha Nichiro Corporation (Japan): Maruha Nichiro Corporation is a major player in the fishery by-products market, involved in fishing, aquaculture, and food processing. The company produces fishmeal and other marine ingredients, emphasizing sustainability and innovation in its operations.
Nippon Suisan Kaisha Ltd. (Japan): Nippon Suisan Kaisha Ltd., also known as Nissui, is a prominent seafood company engaged in fisheries and aquaculture. The company produces fishmeal and other marine ingredients, focusing on sustainable practices and technological advancements in its operations.
Sopropriache (France): Sopropriache is a French company specializing in the production of fishmeal and fish oil. The company utilizes fish processing residues to create high-quality marine ingredients, serving various industries, including animal feed and agriculture.
Thai Union Ingredients (Thailand): Thai Union Ingredients is a subsidiary of Thai Union Group, a global seafood leader. The company produces fishmeal, fish oil, and other marine ingredients, focusing on sustainability and innovation in its operations, contributing significantly to the fishery by-products market.
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Seagarden Group (Norway): Seagarden Group is a Norwegian company specializing in the production of marine food and health ingredients from non-primary products of fish and shellfish processing. The company’s offerings include marine collagen, chitosan, and other bioactive compounds, catering to the nutraceutical and pharmaceutical industries
Lysi hf. (Iceland): Lysi hf. is a leading producer of fish oil and omega-3 supplements in Iceland. The company specializes in cod liver oil and other marine-derived health products, with a significant market share in the Icelandic omega-3 supplement market.
Hofseth Biocare AS (Norway): Hofseth Biocare AS is a Norwegian company focused on the production of high-value marine ingredients from fish by-products. The company’s offerings include hydrolyzed fish proteins and other bioactive compounds, catering to the nutraceutical and pharmaceutical industries.
Ashland (USA): Ashland is a global specialty chemicals company involved in the production of various ingredients, including those derived from marine sources. The company utilizes fish processing residues to create high-quality marine ingredients for various industries, contributing to the growth of the fishery by-products market.