Abstract In the aquaculture feed industry, fishmeal is widely used as a source of animal protein due to its high palatability, excellent amino acid profile and increased digestibility. However, the incorporation of fishmeal in aquaculture diets increases the costs of production due to the declining wild fish stocks hence an urgent need to search for sustainable and cheaper alternative protein sources. The use of fermented plant proteins as substitutes for fishmeal in aquaculture diets has recently gained attention due to their improved nutritional quality, easy availability and low costs. Therefore, a systematic review and meta‐analysis were conducted to quantify the effects of fermented plant proteins as substitutes for fishmeal on the growth performance, feed utilisation, survival, antioxidant, metabolic and digestive enzyme activity of several aquaculture species. Results of the meta‐analysis indicated that replacement of fishmeal with fermented plant proteins in aquaculture diets enhanced the growth performance, feed utilisation, antioxidant and digestive enzyme activities of several aquaculture species regardless of experimental duration and source of fermented plant protein. Likewise, metabolic enzyme activity (i.e., Alanine aminotransferase and Aspartate aminotransferase) was reduced in experimental dietary treatment groups relative to the fishmeal control groups. To elucidate the influence of moderators on the observed effect sizes, a mixed‐effects model was conducted and the results indicated that fishmeal substitution levels and aquaculture species influenced the observed effect sizes in both antioxidant and digestive enzyme activity. No significant differences were noted in survival between the experimental dietary treatment groups and fishmeal control diets among all aquaculture species. However, carnivorous marine species exhibited lower values for specific growth rate and protein efficiency ratio in experimental dietary treatment groups compared to the fishmeal control diets. Likewise, freshwater species exhibited poor FCR values in experimental dietary treatment groups relative to the fishmeal control diets. Overall, the replacement of fishmeal with fermented plant proteins in aquaculture diets is a safe and viable solution for increased and sustainable aquaculture production.