Anchoveta caught in Chile and Peru with purse seines is rated green or yellow. Anchoveta stocks are healthy, and overfishing isn't occurring. Bycatch of overfished Pacific sardines is a significant concern in two fisheries, and the remaining fisheries catch various species of concern, although their impacts on these populations are minimal. Two Peruvian fisheries have effective management overall because there's a strategy that maintains a healthy stock abundance and robust data collection and analysis. The remaining fisheries in both countries are moderately effective overall. Management of the shared anchoveta stock in southern Peru and northern Chile is weaker due to a lack of political cooperation between the two countries. In Chilean waters, the multispecies nature of the fisheries challenges the otherwise strong management regime. In both countries, anchoveta is a key forage fish (prey for larger predators) under Seafood Watch standards, and more explicit measures are needed to reduce the potential ecosystem impacts of harvesting this forage fish. Purse seines don't typically contact the seafloor, so there are minimal to no seafloor impacts.

The majority of anchoveta caught for human consumption is green-rated. Approximately 98 percent of the anchoveta harvest is processed into fish meal and fish oil.