Fish Oil Market is Estimated to Reach USD 23.8 Bn By 2022-2032

The global fish oil market size was valued at USD 12.3 Bn in 2022, and is estimated to reach USD 23.8 Bn by 2032 with a CAGR of 6.8% from 2021 to 2032.

Top fish oil businesses are concentrating on providing omega fish oil/omega-3 supplements in the worldwide market as health supplements become more popular. Manufacturers are supplying goods with additional nutrients as a result of the high degree of competition. 

Due to rising demand for fish oil from the pharmaceutical business, top fish oil producers are also concentrating on offering new products to the worldwide market.

Request Sample of This Report @

fish oil market

Aquaculture, animal nutrition & pet feed, supplements & functional food, medicines, and other industries all require omega-3 fatty acids in substantial amounts. Furthermore, fish oil aids in the appropriate functioning of the nervous system and improves the cardiovascular system.

Fish oil consumption has increased significantly as medical professionals and the general population become more aware of the importance of omega-3 fatty acids. As a result, businesses are adding enriched EPA and DHA to their nutraceutical product lines. The global fish oil market has been impacted by the increasing need for EPA and DHA in human nutrition.

The major organizations in the fish oil market are heavily focused on acquiring and strengthening their items to maintain their strength in the global market. For example, Omega Protein Corporation recently acquired Bioriginal Food and Science Corp., a major supplier of vegetable and marine-based strength oils and basic unsaturated fats in the nutritional and nutraceutical business. This security empowers Omega Protein Corporation to increase its fish oil contribution and upgrade its client range in the Human Livelihoods section. The major players operating in the global fish oil market are PT FKS Multi Agro Tbk, China Fishery Group Ltd., The Chemical Company, Tecnologica De Alimentos SA (TASA), Alpha Atlantique, Empresas Copec SA, and Fahad Fishmeal & Oil Compan. Others.

Ask Analyst @

Aquaculture Industry Supporting Global Market Growth

Global aquaculture production is projected to show a CAGR of 8.1% over the period 2008-2030. Some regions, particularly Latin America and the Caribbean (LAC), and the Middle East and North Africa (MNA) regions, could benefit proportionately more from this scenario. In contrast, North America and Japan will lose in this scenario. The spectacular growth in aquaculture production is expected to accompany more fish oil use in some species groups, driving up fish oil prices. With the development of aquaculture and the development of aquaculture, there has been a major input of resources needed in the form of feed (including fish oil) to sustain this aquaculture.

The growing demand for supplements of omega-3 fatty acids found in fish oil, which help prevent cancer, stroke and heart attack, is also one of the reasons for the growing demand for fish oil worldwide.

Reduced inclusion of fish oil in Aquafeed hampering market growth

Globally, the total global consumption of fish oil consumption has increased. However, the average content of fish oil in aquaculture feeds has been steadily declining in recent years. A major factor in the global decline in the level of fish oil content in aquatic feeds has been the surge in global fish oil prices over the past decade. The rise in fish oil prices has been driven by several reasons, including stagnant global supply of fish oil and strong industrial demand for fish oil in major consuming countries.

Key Segments Covered 

By Grade:

  • Feed Grade Fish Oil
  • Food Grade Fish Oil
  • Pharma Grade Fish Oil

By Process:

  • Crude Fish Oil
  • Refined Fish Oil
  • Modified Fish Oil

By Product:

  • Salmon Oil
  • Tuna Oil
  • Cod Liver Oil
  • Sardine Oil
  • Squalene Oil
  • Krill Oil

By End User:

  • Aqua-feed
    • Crustaceans
    • Eels
  • Food & Beverages
  • Dietary Supplements
  • Cosmetic & Beauty Products

By Sales Channel:

  • Offline Sales Channel
    • Supermarkets/Hypermarkets
    • Departmental Stores
    • Convenience Store
    • Other Sales Channel
  • Online Sales Channel
    • Company Website
    • E-commerce Platform

Related Reports –

Leave a comment

Your email address will not be published. Required fields are marked *