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Pet Food - Fish Meal: Market Size & Forecast 2026
The global pet-food-grade fish meal market sits at approximately USD 9.5 billion in 2025 (base year), held in a structurally tight balance between constrained forage-fish supply, aquaculture demand crowding out pet food buyers, and a 15-25% quality premium that pet-food-grade specifications command over commodity aquafeed grades. Reference prices for 65% protein pet-food-grade fish meal CIF US Gulf run in the order of USD 1800-1850 per metric tonne in Q2 2026, with the Peru North-Centre anchovy quota reduction serving as the dominant short-term price-setting mechanism. > **Analyst Take.** The consensus 4-5% CAGR is defensible but the composition is wrong: the pet-food segment grows at roughly 6% while the aquaculture bulk grows at 3-4%. Buyers who contract solely on commodity fish-meal indices will underpurchase the pet-grade premium they actually need. The right sequence is to lock pet-
Official data · Claight AnalysisForecast
Market size and CAGR extracted from the published Claight report; figures match the report..
2025 base: $9.9bn2032 est: $13.2bn
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Connect to an analyst →Market size and forecast are Claight Analysis, informed by public research and industry data. Historical years before 2025 and all forecast years are Claight estimates at the stated CAGR. Retrieved 2026.