Fish Oil Market by Species (Tuna, Cod Liver, Salmon, Anchovy, Menhaden, Others), by Application (Aquaculture Feed, Animal Feed, Functional Food, Dietary Supplements, Pharmaceuticals, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2025-2033
The Fish Oil Market size was valued at USD 2.3 USD Million in 2023 and is projected to reach USD 3.8 USD Million by 2032, exhibiting a CAGR of 3.24 % during the forecast period. The global fish oil market has experienced a great rise in the last few years due to increasing awareness of its health benefits and demand for omega-3 fatty acids. Fish oil, extracted from fatty fish such as salmon, mackerel, and sardines, is rich in omega-3s, which are known to improve heart health, brain function, and reduce inflammation. As consumers increasingly focus on health, the market for fish oil supplements has seen an uptick, especially in developed markets such as North America and Europe. Fish oil also finds applications in animal feed, aquaculture, and pharmaceutical applications, thus adding to its market base. The growing popularity of functional foods and dietary supplements, coupled with the rising incidence of chronic diseases like heart disease and diabetes, has driven growth in the fish oil market. In addition, there is increasing awareness of sustainable sourcing in the fishing industry, thereby increasing demand for certified, responsibly harvested fish oil, encouraging eco-friendly production practices. As a result, the companies are focusing upon product innovation, such as purified fish oils with higher concentrations of omega-3 and alternative sources like algae-based omega-3s, to meet consumer preferences.
Species:
Application:
Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 3.24% from 2019-2033 |
Segmentation |
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Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 3.24% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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