The utilization of fishmeal over the past six decades has been shaped by evolving demands from various countries. In the early 1960s, the pig and poultry industry collectively dominated the global fish meal market. By the 1980s, the aquaculture feed industry emerged as a significant player in utilizing fish meal as a raw material in feed production. The escalating demand for high-quality and cost-effective animal protein heightened the importance of aquaculture as a primary protein source. This evolution endowed the sector with commercial value, transforming it into a key domestic supplier of much-needed high-quality animal protein and essential nutrients, while also generating employment opportunities and cash income. The sector has demonstrated an impressive overall growth rate of over 11.0 percent per year since 1984 . Presently, global fishmeal production stands at around 5 million tonnes, with aquaculture contributing close to 4 million tonnes. According to the report, the global aqua feed market is projected to expand from US$ 61.8 billion in 2023 to US$ 88.0 billion by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 7.3% during the forecast period (2023-2028). In India, the major sectors which contribute to the foreign exchange earnings are sea food and fish meal. While the first sector received reasonable consolation from the governments, the second sector has been remaining comparatively ignored. Planners and policy makers have to pay extra attention for improving the overall value of the sector by means of ensuring quality of the product , welfare of the stakeholders and sustainability of the various marine species with potential to contribute without affecting the per capita fish availability of the nation. Indian Marine Ingredients Association (IMIA) is a non-profit organization that aims to promote and develop sustainable practices in the Indian fishmeal and fish oil industry by working hand in hand with various scientific organizations, universities, fishermen organizations, governmental and non – governmental bodies. It is expected that Indian fish meal industry will make a giant leap in the coming years with the support of the aforementioned entities.