Fishmeal is being trusted as the most reliable protein source due to its nutritional quality in terms of attractability, palatability, digestibility, excellent nutrient profiles to fulfil the dietary requirement of aquatic species. The aquaculture sector consumes >70% of global fishmeal, though aqua feeds constitute only 4% in total industrial feed production (900-1,000 Mt in 2018). The global fishmeal production has shown a downward trend of 26.50% during 2000 to 2018 due to the occurrences of El Niño-Southern Oscillationsand other climatic events, which in turn increased the fishmeal price from 452 USD/t (2000) to 1596.54 USD/t (2018). The increasing trend of aquaculture production along with reduced fish-in/fish-out ratios (0.63 in 2000 to 0.33, 0.22 in 2010 and 2015 respectively) indicates the resilience of the aquafeed sector for fishmeal replacement. The wide availability, reasonable price and reliable nutrient content made an interest in plant protein sources, but their utilization was limited due to poor digestibility, imbalanced profiles of essential nutrients and the presence of anti-nutrients. Numerous methodologies are invented in recent times to enrich the nutritional qualities for maximizing the utilization of plant proteins in aquafeed formulations. The present review concludes that the aquafeed sector should use climate economics and technological innovations for substituting fishmeal to formulate the cost-effective feeds. K E Y W O R D Sclimate change, fermentation, fishmeal, input, output ratio, plant protein sources, shrimp feed