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Fish Oil Market

Fish Oil Market By Species (Traditional Pelagic and Demersal Species, Tuna, Salmon, Pangasius and Tilapia); By Application (Human Consumption, Aquaculture, Pet Food, Others); By Region – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2019-2022
Base Year	2023
Forecast Period	2024-2032
Fish Oil Market Size 2023	USD 3,183.25 Million
Fish Oil Market, CAGR	4.70%
Fish Oil Market Size 2032	USD 4,812.72 Million

Market Overview

The Fish Oil Market is projected to grow from USD 3,183.25 million in 2023 to an estimated USD 4,812.72 million by 2032, registering a compound annual growth rate (CAGR) of 4.70% from 2024 to 2032. This growth trajectory reflects increasing demand driven by the health benefits and diverse applications of fish oil, including dietary supplements, pharmaceuticals, animal feed, and functional food products.

Key market drivers include growing consumer demand for nutrition-rich supplements, increasing adoption of aquaculture practices, and regulatory support promoting omega-3 products’ health benefits. The market also benefits from technological advancements in fish oil extraction and purification processes, which improve product quality and broaden its use across multiple sectors. Additionally, industry trends such as sustainability-focused sourcing, marine conservation, and innovations in fish oil substitutes like algal-based products influence market dynamics.

Regionally, North America and Europe hold significant shares of the market due to established demand for fish oil in pharmaceuticals and functional foods. The Asia-Pacific region, however, is expected to witness the fastest growth due to rising health awareness and expanding aquaculture industries. Prominent market players include Royal DSM, Croda International Plc, BASF SE, Omega Protein Corporation, and GC Rieber Oils, which focus on innovation, sustainability, and strategic expansions to meet growing global demand.

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Market Drivers

Increasing Demand for Omega-3-Based Dietary Supplements and Functional Foods

The rising consumer focus on maintaining overall health and wellness has driven a surge in demand for dietary supplements enriched with omega-3 fatty acids, primarily derived from fish oil. **Consumers are increasingly recognizing the numerous health benefits** of omega-3, including heart health improvement, anti-inflammatory properties, and enhanced cognitive functions. For instance, a 2022 meta-analysis published in the *Journal of the American Heart Association* confirmed that regular consumption of EPA and DHA, key omega-3 fatty acids, significantly lowers the risk of coronary heart disease (CHD). This scientific validation reinforces the growing consumer confidence in omega-3 supplements.Omega-3 supplements have gained traction among diverse age groups, ranging from pregnant women and infants to older adults, due to their role in brain development and chronic disease prevention. Additionally, the trend of incorporating omega-3s into functional foods, such as fortified beverages and snacks, has propelled fish oil consumption. This movement aligns with global health initiatives and consumer preference for preventive health solutions, significantly bolstering the market’s expansion.

Growth in Aquaculture Industry and Fish Oil Demand for Animal Feed

The rapid growth of the aquaculture industry has significantly impacted the global fish oil market. Fish oil is a critical component of aquafeed due to its high nutritional content, particularly for farmed fish such as salmon, trout, and marine species that require omega-3 fatty acids for optimal growth and health. In 2021, aquaculture consumed 74% of the global fish oil supply, highlighting its pivotal role in ensuring optimal growth and health for species like salmon and trout. The demand for fish oil is closely linked to the aquaculture industry’s development, which has become a major driver due to increased seafood consumption globally and efforts to reduce overfishing of wild stocks.Innovations in feed formulations and sustainable aquaculture practices further underscore fish oil’s role as a pivotal nutritional additive, ensuring high yield and quality in farmed fish. This rising demand for high-quality aquafeed has strengthened fish oil’s market position and created robust growth opportunities within the aquaculture sector.

Growing Awareness and Regulatory Support for Cardiovascular Health Benefits

Fish oil’s well-documented cardiovascular benefits have become a key driver for market growth, driven by heightened awareness and substantial backing from healthcare professionals and regulatory bodies worldwide. Numerous studies have highlighted fish oil’s positive impact on reducing cardiovascular disease risks, including lowering triglycerides, improving arterial function, and mitigating the risks of heart attack and stroke.Clinical trials have provided compelling evidence of omega-3’s cardiovascular benefits. For example, the REDUCE-IT trial demonstrated a significant reduction in major adverse cardiovascular events among participants taking purified EPA. This aligns with the emphasis on cardiovascular disease prevention and public health campaigns.The recommendations from entities like the American Heart Association, which endorse fish oil and omega-3 consumption as part of a heart-healthy diet, have led to increased consumer confidence and demand for fish oil-based products. These recommendations are supported by regulatory approvals for omega-3 health claims across several countries.This synergy between awareness campaigns, scientific validation, and favorable regulations has further propelled the fish oil market’s growth trajectory, underscoring the increasing importance of omega-3 fatty acids in preventive healthcare and nutritional supplementation.

Technological Advancements in Extraction and Sustainable Sourcing Practices

Innovations in fish oil extraction technologies and sustainable sourcing practices are significant market drivers, addressing both consumer demand for high-quality products and environmental concerns regarding overfishing and marine ecosystem conservation. The industry has witnessed a transition from traditional extraction methods to advanced techniques that enhance product purity, concentration, and stability while minimizing environmental impact. Technologies such as molecular distillation, supercritical CO2 extraction, and microencapsulation have led to the production of more refined, high-potency fish oil products tailored to different applications. Moreover, sustainability-driven sourcing practices, including certified fisheries and by-product utilization, reflect the industry’s commitment to ethical and responsible production. Consumer preference for traceable and environmentally friendly fish oil products has further accelerated the adoption of these practices, making sustainability a competitive differentiator and growth driver for market participants.

Market Trends

**Growing Emphasis on Sustainability and Traceability in Sourcing**

A key trend shaping the fish oil market is the increasing emphasis on sustainability and traceability in sourcing practices. As consumer awareness regarding environmental conservation grows, demand for ethically sourced fish oil products has surged. For instance, a 3-ounce serving of commonly consumed fish like mackerel provides about 2 grams of omega-3 fatty acids (DHA + EPA), highlighting the direct connection between sustainable fishing and nutritional value. Industry participants are actively collaborating with certification bodies such as the Marine Stewardship Council (MSC) and Friends of the Sea to adhere to sustainable harvesting practices, minimize overfishing, and protect marine biodiversity. Additionally, the use of by-products from fish processing, such as trimmings and off-cuts, has gained momentum as a more sustainable source of fish oil, reducing waste and contributing to circular economy initiatives. Technologies that enhance traceability in the supply chain, such as blockchain and other digital tracking systems, provide consumers with transparent information about the origin, quality, and environmental impact of fish oil products. This trend aligns with broader market expectations for responsible sourcing and resonates with environmentally conscious consumers seeking eco-friendly options.

**Rising Popularity of Concentrated and Customized Omega-3 Formulations**

The demand for concentrated and customized omega-3 formulations derived from fish oil is on the rise, driven by the diverse and specific health needs of consumers. Manufacturers are focusing on developing high-concentration fish oil supplements with targeted health benefits, such as heart health, joint health, cognitive function, and prenatal development. For instance, fish like herring offer around 1.3 grams of omega-3 fatty acids per 3-ounce serving, demonstrating the natural potency of these marine sources. The increasing availability of pharmaceutical-grade and ultra-pure omega-3 formulations has led to more personalized and efficacious options tailored to individual health requirements. This trend is further supported by advancements in extraction and purification techniques, enabling the production of refined products with higher purity, stability, and bioavailability. Furthermore, new delivery formats, including soft gels, liquid emulsions, and gummies, are being introduced to enhance consumer convenience and appeal. The ability to customize fish oil products based on varying age groups, lifestyles, and specific health goals has opened new avenues for product differentiation and market growth, reflecting an ongoing commitment to innovation and consumer-centric offerings within the fish oil sector.

Market Restraints and Challenges

**Sustainability Concerns and Environmental Impact of Overfishing**

A major challenge facing the fish oil market is the environmental impact associated with fish oil production, particularly overfishing and depletion of fish stocks. High demand for fish oil products has put pressure on marine ecosystems, raising concerns about unsustainable fishing practices that threaten biodiversity and ocean health. Environmental advocacy groups and regulatory bodies are increasingly focused on promoting sustainable sourcing practices to protect fish populations and maintain ecological balance. This regulatory scrutiny and consumer demand for eco-friendly products necessitate a shift toward certified sustainable fisheries, alternative sources such as algal oil, or enhanced utilization of fish by-products. While these approaches offer solutions, they also introduce challenges related to cost and scalability, requiring significant investments by industry participants to balance supply demands with environmental responsibility.

**Price Volatility and Supply Chain Instability**

The fish oil market is susceptible to price volatility due to fluctuating raw material availability and changing market dynamics. Factors such as unpredictable weather patterns, fishing quotas, geopolitical tensions, and trade restrictions can disrupt the supply of fish, leading to inconsistent pricing and increased production costs. These uncertainties make it challenging for manufacturers to maintain stable pricing structures, potentially reducing profit margins and affecting their ability to invest in innovation and expansion. Supply chain disruptions further exacerbate the issue by creating logistical bottlenecks and delays, impacting the timely delivery of fish oil products to end-users. To mitigate these challenges, industry players must navigate complex market forces and explore strategies for supply chain diversification, risk management, and alternative sources to ensure a steady supply of raw materials and more predictable pricing.

Market Segmentation Analysis

By Spices

The fish oil market is significantly influenced by species such as traditional pelagic and demersal fish, including anchovies, sardines, mackerel, and cod, known for their high omega-3 content and cost-effective fatty acid concentration. While pelagic fish dominate global production, demersal species found in deeper waters contribute less due to limited availability and sustainability challenges. Tuna-derived fish oil, though niche due to limited supply, is gaining traction in premium health products, especially for dietary supplements and infant nutrition due to its DHA-rich profile. Salmon oil, driven by growing farmed salmon production, supports market expansion with its favorable nutrient profile for human nutrition and pet food applications. Additionally, pangasius and tilapia, primarily farmed for food, present a sustainable source of fish oil through the utilization of processing by-products, despite offering lower omega-3 concentrations compared to other species.

By Application

The fish oil market, segmented by application, is led by human consumption, primarily driven by rising awareness of omega-3 health benefits and its incorporation into dietary supplements, fortified foods, and liquid formulations targeting heart health, cognitive function, and anti-inflammatory properties. The aquaculture segment remains a key demand driver, utilizing fish oil in aquafeed to support the health and growth of farmed fish as global aquafarming expands. This segment also faces growing interest in optimizing feed formulations with sustainable alternatives. The pet food sector is witnessing increased demand due to consumer awareness of omega-3’s benefits for pets, enhancing coat quality, joint health, and immune system support through fish oil-infused treats and supplements. Additionally, fish oil finds applications in pharmaceuticals and industrial uses, leveraging its bioactive properties for purposes ranging from wound healing agents to chemical intermediates.

Segments

Based on Species

Traditional Pelagic and Demersal Species
Tuna
Salmon
Pangasius and Tilapia

Based on Application

Human Consumption
Aquaculture
Pet Food
Others

Based on Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Africa

Regional Analysis

North America (30%)**

North America holds a significant share of the fish oil market, accounting for approximately 30% of the global market. This strong position is primarily attributed to high consumer awareness regarding the health benefits of omega-3 fatty acids and a robust demand for dietary supplements and functional foods. The United States is the major contributor to the region’s growth, with a well-established nutraceuticals sector and increasing adoption of fish oil products for cardiovascular health, cognitive enhancement, and joint health. The market is further supported by stringent regulatory standards ensuring product quality, which builds consumer trust. Moreover, pet nutrition and pharmaceutical applications contribute to market growth, reflecting a diverse range of uses.

Europe (28%)**

Europe closely follows North America, with a market share of approximately 28%. The region’s strong emphasis on health and wellness, coupled with regulatory support for omega-3 health claims, has driven substantial demand for fish oil-based products. Countries such as Norway, Denmark, and Iceland lead in fish oil production due to their established fishing industries and extensive marine resources. The European market also places considerable focus on sustainability, with a preference for certified fish oil sourced from sustainable fisheries. Aquaculture applications play a pivotal role in the region, with fish oil serving as a vital component in high-quality aquafeed to support the growth of farmed fish, especially salmon.

Key players

Croda International plc
Pelagia A/S
Sürsan
Ocean Group Ltd
GC Rieber
BASF SE
DSM
Omega Protein Corporation
Triple Nine
OLVEA Group

Competitive Analysis

The fish oil market is highly competitive, with key players focusing on innovation, sustainable sourcing, and expanding their product portfolios to gain a competitive edge. Companies like Croda International plc and BASF SE leverage their extensive R&D capabilities to develop high-quality omega-3 products tailored for diverse applications, from pharmaceuticals to dietary supplements. DSM and Omega Protein Corporation prioritize strategic acquisitions and partnerships to strengthen their global footprint and meet rising consumer demand for omega-3-enriched products. Sustainability and traceability remain critical factors, with companies such as Pelagia A/S and OLVEA Group committing to responsible sourcing practices to address environmental concerns. Market participants face competition from emerging players, making differentiation through advanced extraction techniques and customer-centric product offerings vital for maintaining market leadership.

Recent Developments

In 2024, Croda reported a sequential improvement in sales driven by their Consumer Care and Industrial Specialties segments. The company highlighted its focus on sustainable ingredients and innovation, particularly in life sciences, with new drug delivery technologies like novel lipid-based adjuvants contributing to sales growth (June 2024).
In March 2024, Pelagia announced the acquisition of UK-based seafood trading firm Ideal Foods Limited to strengthen its global supply chain and enhance its market position by advancing the use of seafood by-products. Additionally, in August 2024, Pelagia acquired the Epax Omega-3 business from FMC, expanding its portfolio of refined marine oils for human consumption.
In June 2024, GC Rieber VivoMega opened a new omega-3 manufacturing facility in Norway, doubling its production capacity for triglyceride marine omega-3s and vegan algal oils. This facility operates on 100% renewable energy. In March 2024, GC Rieber also launched Vivomega EPA+DHA Algae Oil in the North American market at Expo West.
In June 2024, BASF SE entered into a strategic partnership with DSM to co-develop and market high-purity omega-3 products aimed at the nutraceutical sector.

Market Concentration and Characteristics

The fish oil market is characterized by a moderately concentrated structure, with a mix of established multinational corporations and regional players competing for market share. Major companies such as Croda International, BASF SE, DSM, and Omega Protein Corporation dominate the global market through their extensive product portfolios, innovative capabilities, and commitment to sustainability. The market’s competitive landscape is shaped by strong consumer demand for high-quality omega-3 products, advancements in extraction and purification technologies, and increasing emphasis on sustainable and traceable sourcing. Market concentration is further influenced by regional dynamics, with key players often forming strategic partnerships and engaging in mergers and acquisitions to expand their geographical reach and enhance production capabilities. Smaller players also contribute to market diversity by offering niche products and emphasizing ethical sourcing practices.

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Report Coverage

The research report offers an in-depth analysis based on Species, Application and Region. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

The growing global awareness of omega-3 fatty acids’ health benefits will continue driving demand for fish oil-based supplements across age groups, enhancing market expansion.
Industry players will increasingly adopt sustainable and traceable sourcing practices to meet consumer and regulatory demands, ensuring long-term availability of marine resources and reducing environmental impact.
Advancements in extraction and purification techniques, such as supercritical CO2 extraction, will improve fish oil quality, yield, and stability, broadening its application scope and enhancing market competitiveness.
Fish oil will witness growing incorporation into functional foods and beverages, driven by consumer preferences for fortified products aimed at preventive health and wellness.
Expansion in aquaculture practices, particularly in Asia-Pacific, will sustain high demand for fish oil as a key ingredient in nutritionally balanced and high-quality aquafeed formulations.
The fish oil market may face competition from plant-based omega-3 alternatives like algal oil, prompting companies to diversify offerings and address varying consumer preferences.
Favorable regulatory frameworks across major markets will bolster the credibility of fish oil products, enabling manufacturers to capitalize on health claims related to cardiovascular and cognitive health.
Fish oil-derived omega-3 concentrates will see increased adoption in pharmaceutical formulations for chronic disease management, offering a significant growth avenue in the market.
Rising health awareness and increasing disposable incomes in emerging economies, particularly in Latin America and Asia-Pacific, will open new growth opportunities for fish oil products in diverse applications.
Manufacturers will develop new product formats, such as gummies, soft gels, and liquid emulsions, to cater to evolving consumer demands for convenient, palatable, and easy-to-consume fish oil products.

CHAPTER NO. 1 : INTRODUCTION 21
1.1.1. Report Description 21
Purpose of the Report 21
USP & Key Offerings 21
1.1.2. Key Benefits for Stakeholders 21
1.1.3. Target Audience 22
1.1.4. Report Scope 22
1.1.5. Regional Scope 23
CHAPTER NO. 2 : EXECUTIVE SUMMARY 24
2.1. Fish Oil Market Snapshot 24
2.1.1. Global Fish Oil Market, 2018 – 2032 (USD Million) 25
CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 26
3.1. Russia-Ukraine and Israel-Palestine War Impacts 26
CHAPTER NO. 4 : FISH OIL MARKET – INDUSTRY ANALYSIS 27
4.1. Introduction 27
4.2. Market Drivers 28
4.2.1. Increasing awareness of the health benefits of omega-3 fatty acids 28
4.2.2. Growing demand for fish oil in aquaculture feed for fish farming 29
4.3. Market Restraints 30
4.3.1. High production costs and sustainability concerns 30
4.4. Market Opportunities 31
4.4.1. Market Opportunity Analysis 31
4.5. Porter’s Five Forces Analysis 32
CHAPTER NO. 5 : ANALYSIS COMPETITIVE LANDSCAPE 33
5.1. Company Market Share Analysis – 2023 33
5.1.1. Global Fish Oil Market: Company Market Share, by Volume, 2023 33
5.1.2. Global Fish Oil Market: Company Market Share, by Revenue, 2023 34
5.1.3. Global Fish Oil Market: Top 6 Company Market Share, by Revenue, 2023 34
5.1.4. Global Fish Oil Market: Top 3 Company Market Share, by Revenue, 2023 35
5.2. Global Fish Oil Market Company Revenue Market Share, 2023 36
5.3. Company Assessment Metrics, 2023 37
5.3.1. Stars 37
5.3.2. Emerging Leaders 37
5.3.3. Pervasive Players 37
5.3.4. Participants 37
5.4. Start-ups /SMEs Assessment Metrics, 2023 37
5.4.1. Progressive Companies 37
5.4.2. Responsive Companies 37
5.4.3. Dynamic Companies 37
5.4.4. Starting Blocks 37
5.5. Strategic Developments 38
5.5.1. Acquisitions & Mergers 38
New Product Launch 38
Regional Expansion 38
5.6. Key Players Product Matrix 39
CHAPTER NO. 6 : PESTEL & ADJACENT MARKET ANALYSIS 40
6.1. PESTEL 40
6.1.1. Political Factors 40
6.1.2. Economic Factors 40
6.1.3. Social Factors 40
6.1.4. Technological Factors 40
6.1.5. Environmental Factors 40
6.1.6. Legal Factors 40
6.2. Adjacent Market Analysis 40
CHAPTER NO. 7 : FISH OIL MARKET – BY SPECIES SEGMENT ANALYSIS 41
7.1. Fish Oil Market Overview, by Species Segment 41
7.1.1. Fish Oil Market Revenue Share, By Species, 2023 & 2032 42
7.1.2. Fish Oil Market Attractiveness Analysis, By Species 43
7.1.3. Incremental Revenue Growth Opportunity, by Species, 2024 – 2032 43
7.1.4. Fish Oil Market Revenue, By Species, 2018, 2023, 2027 & 2032 44
7.2. Traditional Pelagic and Demersal Species 45
7.2.1. Global Traditional Pelagic and Demersal Species Fish Oil Market Revenue, By Region, 2018 – 2023 (USD Million) 46
7.2.2. Global Traditional Pelagic and Demersal Species Fish Oil Market Revenue, By Region, 2024 – 2032 (USD Million) 46
7.3. Tuna 47
7.3.1. Global Tuna Fish Oil Market Revenue, By Region, 2018 – 2023 (USD Million) 48
7.3.2. Global Tuna Fish Oil Market Revenue, By Region, 2024 – 2032 (USD Million) 48
7.4. Salmon 49
7.4.1. Global Salmon Fish Oil Market Revenue, By Region, 2018 – 2023 (USD Million) 50
7.4.2. Global Salmon Fish Oil Market Revenue, By Region, 2024 – 2032 (USD Million) 50
7.5. Pangasius 51
7.5.1. Global Pangasius Fish Oil Market Revenue, By Region, 2018 – 2023 (USD Million) 52
7.5.2. Global Pangasius Fish Oil Market Revenue, By Region, 2024 – 2032 (USD Million) 52
7.6. Tilapia 53
7.6.1. Global Tilapia Fish Oil Market Revenue, By Region, 2018 – 2023 (USD Million) 54
7.6.2. Global Tilapia Fish Oil Market Revenue, By Region, 2024 – 2032 (USD Million) 54
CHAPTER NO. 8 : FISH OIL MARKET – BY APPLICATION SEGMENT ANALYSIS 55
8.1. Fish Oil Market Overview, by Application Segment 55
8.1.1. Fish Oil Market Revenue Share, By Application, 2023 & 2032 56
8.1.2. Fish Oil Market Attractiveness Analysis, By Application 57
8.1.3. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 57
8.1.4. Fish Oil Market Revenue, By Application, 2018, 2023, 2027 & 2032 58
8.2. Human Consumption 59
8.2.1. Global Human Consumption Fish Oil Market Revenue, By Region, 2018 – 2023 (USD Million) 60
8.2.2. Global Human Consumption Fish Oil Market Revenue, By Region, 2024 – 2032 (USD Million) 60
8.3. Aquaculture 61
8.3.1. Global Aquaculture Fish Oil Market Revenue, By Region, 2018 – 2023 (USD Million) 62
8.3.2. Global Aquaculture Fish Oil Market Revenue, By Region, 2024 – 2032 (USD Million) 62
8.4. Pet Food 63
8.4.1. Global Pet Food Fish Oil Market Revenue, By Region, 2018 – 2023 (USD Million) 64
8.4.2. Global Pet Food Fish Oil Market Revenue, By Region, 2024 – 2032 (USD Million) 64
8.5. Others 65
8.5.1. Global Others Fish Oil Market Revenue, By Region, 2018 – 2023 (USD Million) 66
8.5.2. Global Others Fish Oil Market Revenue, By Region, 2024 – 2032 (USD Million) 66
CHAPTER NO. 9 : FISH OIL MARKET – REGIONAL ANALYSIS 67
9.1. Fish Oil Market Overview, by Regional Segments 67
9.2. Region 68
9.2.1. Global Fish Oil Market Revenue Share, By Region, 2023 & 2032 68
9.2.2. Fish Oil Market Attractiveness Analysis, By Region 69
9.2.3. Incremental Revenue Growth Opportunity, by Region, 2024 – 2032 69
9.2.4. Fish Oil Market Revenue, By Region, 2018, 2023, 2027 & 2032 70
9.2.5. Global Fish Oil Market Revenue, By Region, 2018 – 2023 (USD Million) 71
9.2.6. Global Fish Oil Market Revenue, By Region, 2024 – 2032 (USD Million) 71
9.3. Species 72
9.3.1. Global Fish Oil Market Revenue, By Species, 2018 – 2023 (USD Million) 72
9.4. Global Fish Oil Market Revenue, By Species, 2024 – 2032 (USD Million) 72
9.5. Application 73
9.5.1. Global Fish Oil Market Revenue, By Application, 2018 – 2023 (USD Million) 73
9.5.2. Global Fish Oil Market Revenue, By Application, 2024 – 2032 (USD Million) 73
CHAPTER NO. 10 : FISH OIL MARKET – NORTH AMERICA 74
10.1. North America 74
10.1.1. Key Highlights 74
10.1.2. North America Fish Oil Market Revenue, By Country, 2018 – 2023 (USD Million) 75
10.1.3. North America Fish Oil Market Revenue, By Species, 2018 – 2023 (USD Million) 76
10.1.4. North America Fish Oil Market Revenue, By Application, 2018 – 2023 (USD Million) 77
10.2. U.S. 78
10.3. Canada 78
10.4. Mexico 78
CHAPTER NO. 11 : FISH OIL MARKET – EUROPE 79
11.1. Europe 79
11.1.1. Key Highlights 79
11.1.2. Europe Fish Oil Market Revenue, By Country, 2018 – 2023 (USD Million) 80
11.1.3. Europe Fish Oil Market Revenue, By Species, 2018 – 2023 (USD Million) 81
11.1.4. Europe Fish Oil Market Revenue, By Application, 2018 – 2023 (USD Million) 82
11.2. UK 83
11.3. France 83
11.4. Germany 83
11.5. Italy 83
11.6. Spain 83
11.7. Russia 83
11.8. Belgium 83
11.9. Netherland 83
11.10. Austria 83
11.11. Sweden 83
11.12. Poland 83
11.13. Denmark 83
11.14. Switzerland 83
11.15. Rest of Europe 83
CHAPTER NO. 12 : FISH OIL MARKET – ASIA PACIFIC 84
12.1. Asia Pacific 84
12.1.1. Key Highlights 84
12.1.2. Asia Pacific Fish Oil Market Revenue, By Country, 2018 – 2023 (USD Million) 85
12.1.3. Asia Pacific Fish Oil Market Revenue, By Species, 2018 – 2023 (USD Million) 86
12.1.4. Asia Pacific Fish Oil Market Revenue, By Application, 2018 – 2023 (USD Million) 87
12.2. China 88
12.3. Japan 88
12.4. South Korea 88
12.5. India 88
12.6. Australia 88
12.7. Thailand 88
12.8. Indonesia 88
12.9. Vietnam 88
12.10. Malaysia 88
12.11. Philippines 88
12.12. Taiwan 88
12.13. Rest of Asia Pacific 88
CHAPTER NO. 13 : FISH OIL MARKET – LATIN AMERICA 89
13.1. Latin America 89
13.1.1. Key Highlights 89
13.1.2. Latin America Fish Oil Market Revenue, By Country, 2018 – 2023 (USD Million) 90
13.1.3. Latin America Fish Oil Market Revenue, By Species, 2018 – 2023 (USD Million) 91
13.1.4. Latin America Fish Oil Market Revenue, By Application, 2018 – 2023 (USD Million) 92
13.2. Brazil 93
13.3. Argentina 93
13.4. Peru 93
13.5. Chile 93
13.6. Colombia 93
13.7. Rest of Latin America 93
CHAPTER NO. 14 : FISH OIL MARKET – MIDDLE EAST 94
14.1. Middle East 94
14.1.1. Key Highlights 94
14.1.2. Middle East Fish Oil Market Revenue, By Country, 2018 – 2023 (USD Million) 95
14.1.3. Middle East Fish Oil Market Revenue, By Species, 2018 – 2023 (USD Million) 96
14.1.4. Middle East Fish Oil Market Revenue, By Application, 2018 – 2023 (USD Million) 97
14.2. UAE 98
14.3. KSA 98
14.4. Israel 98
14.5. Turkey 98
14.6. Iran 98
14.7. Rest of Middle East 98
CHAPTER NO. 15 : FISH OIL MARKET – AFRICA 99
15.1. Africa 99
15.1.1. Key Highlights 99
15.1.2. Africa Fish Oil Market Revenue, By Country, 2018 – 2023 (USD Million) 100
15.1.3. Africa Fish Oil Market Revenue, By Species, 2018 – 2023 (USD Million) 101
15.1.4. Africa Fish Oil Market Revenue, By Application, 2018 – 2023 (USD Million) 102
15.2. Egypt 103
15.3. Nigeria 103
15.4. Algeria 103
15.5. Morocco 103
15.6. Rest of Africa 103
CHAPTER NO. 16 : COMPANY PROFILES 104
16.1. Croda International plc 104
16.1.1. Company Overview 104
16.1.2. Product Portfolio 104
16.1.3. Swot Analysis 104
16.1.4. Business Strategy 105
16.1.5. Financial Overview 105
16.2. Pelagia A/S 106
16.3. Sürsan 106
16.4. Ocean Group Ltd 106
16.5. GC Rieber 106
16.6. BASF SE 106
16.7. DSM 106
16.8. Omega Protein Corporation 106
16.9. Triple Nine 106
16.10. OLVEA Group 106

List of Figures
FIG NO. 1. Global Fish Oil Market Revenue, 2018 – 2032 (USD Million) 25
FIG NO. 2. Porter’s Five Forces Analysis for Global Fish Oil Market 32
FIG NO. 3. Company Share Analysis, 2023 33
FIG NO. 4. Company Share Analysis, 2023 34
FIG NO. 5. Company Share Analysis, 2023 34
FIG NO. 6. Company Share Analysis, 2023 35
FIG NO. 7. Fish Oil Market – Company Revenue Market Share, 2023 36
FIG NO. 8. Fish Oil Market Revenue Share, By Species, 2023 & 2032 42
FIG NO. 9. Market Attractiveness Analysis, By Species 43
FIG NO. 10. Incremental Revenue Growth Opportunity by Species, 2024 – 2032 43
FIG NO. 11. Fish Oil Market Revenue, By Species, 2018, 2023, 2027 & 2032 44
FIG NO. 12. Global Fish Oil Market for Traditional Pelagic and Demersal Species, Revenue (USD Million) 2018 – 2032 45
FIG NO. 13. Global Fish Oil Market for Tuna, Revenue (USD Million) 2018 – 2032 47
FIG NO. 14. Global Fish Oil Market for Salmon, Revenue (USD Million) 2018 – 2032 49
FIG NO. 15. Global Fish Oil Market for Pangasius, Revenue (USD Million) 2018 – 2032 51
FIG NO. 16. Global Fish Oil Market for Tilapia, Revenue (USD Million) 2018 – 2032 53
FIG NO. 17. Fish Oil Market Revenue Share, By Application, 2023 & 2032 56
FIG NO. 18. Market Attractiveness Analysis, By Application 57
FIG NO. 19. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 57
FIG NO. 20. Fish Oil Market Revenue, By Application, 2018, 2023, 2027 & 2032 58
FIG NO. 21. Global Fish Oil Market for Human Consumption, Revenue (USD Million) 2018 – 2032 59
FIG NO. 22. Global Fish Oil Market for Aquaculture, Revenue (USD Million) 2018 – 2032 61
FIG NO. 23. Global Fish Oil Market for Pet Food, Revenue (USD Million) 2018 – 2032 63
FIG NO. 24. Global Fish Oil Market for Others, Revenue (USD Million) 2018 – 2032 65
FIG NO. 25. Global Fish Oil Market Revenue Share, By Region, 2023 & 2032 68
FIG NO. 26. Market Attractiveness Analysis, By Region 69
FIG NO. 27. Incremental Revenue Growth Opportunity by Region, 2024 – 2032 69
FIG NO. 28. Fish Oil Market Revenue, By Region, 2018, 2023, 2027 & 2032 70
FIG NO. 29. North America Fish Oil Market Revenue, 2018 – 2032 (USD Million) 74
FIG NO. 30. Europe Fish Oil Market Revenue, 2018 – 2032 (USD Million) 79
FIG NO. 31. Asia Pacific Fish Oil Market Revenue, 2018 – 2032 (USD Million) 84
FIG NO. 32. Latin America Fish Oil Market Revenue, 2018 – 2032 (USD Million) 89
FIG NO. 33. Middle East Fish Oil Market Revenue, 2018 – 2032 (USD Million) 94
FIG NO. 34. Africa Fish Oil Market Revenue, 2018 – 2032 (USD Million) 99

List of Tables
TABLE NO. 1. : Global Fish Oil Market: Snapshot 24
TABLE NO. 2. : Drivers for the Fish Oil Market: Impact Analysis 28
TABLE NO. 3. : Restraints for the Fish Oil Market: Impact Analysis 30
TABLE NO. 4. : Global Traditional Pelagic and Demersal Species Fish Oil Market Revenue, By Region, 2018 – 2023 (USD Million) 46
TABLE NO. 5. : Global Traditional Pelagic and Demersal Species Fish Oil Market Revenue, By Region, 2024 – 2032 (USD Million) 46
TABLE NO. 6. : Global Tuna Fish Oil Market Revenue, By Region, 2018 – 2023 (USD Million) 48
TABLE NO. 7. : Global Tuna Fish Oil Market Revenue, By Region, 2024 – 2032 (USD Million) 48
TABLE NO. 8. : Global Salmon Fish Oil Market Revenue, By Region, 2018 – 2023 (USD Million) 50
TABLE NO. 9. : Global Salmon Fish Oil Market Revenue, By Region, 2024 – 2032 (USD Million) 50
TABLE NO. 10. : Global Pangasius Fish Oil Market Revenue, By Region, 2018 – 2023 (USD Million) 52
TABLE NO. 11. : Global Pangasius Fish Oil Market Revenue, By Region, 2024 – 2032 (USD Million) 52
TABLE NO. 12. : Global Tilapia Fish Oil Market Revenue, By Region, 2018 – 2023 (USD Million) 54
TABLE NO. 13. : Global Tilapia Fish Oil Market Revenue, By Region, 2024 – 2032 (USD Million) 54
TABLE NO. 14. : Global Human Consumption Fish Oil Market Revenue, By Region, 2018 – 2023 (USD Million) 60
TABLE NO. 15. : Global Human Consumption Fish Oil Market Revenue, By Region, 2024 – 2032 (USD Million) 60
TABLE NO. 16. : Global Aquaculture Fish Oil Market Revenue, By Region, 2018 – 2023 (USD Million) 62
TABLE NO. 17. : Global Aquaculture Fish Oil Market Revenue, By Region, 2024 – 2032 (USD Million) 62
TABLE NO. 18. : Global Pet Food Fish Oil Market Revenue, By Region, 2018 – 2023 (USD Million) 64
TABLE NO. 19. : Global Pet Food Fish Oil Market Revenue, By Region, 2024 – 2032 (USD Million) 64
TABLE NO. 20. : Global Others Fish Oil Market Revenue, By Region, 2018 – 2023 (USD Million) 66
TABLE NO. 21. : Global Others Fish Oil Market Revenue, By Region, 2024 – 2032 (USD Million) 66
TABLE NO. 22. : Global Fish Oil Market Revenue, By Region, 2018 – 2023 (USD Million) 71
TABLE NO. 23. : Global Fish Oil Market Revenue, By Region, 2024 – 2032 (USD Million) 71
TABLE NO. 24. : Global Fish Oil Market Revenue, By Species, 2018 – 2023 (USD Million) 72
TABLE NO. 25. : Global Fish Oil Market Revenue, By Species, 2024 – 2032 (USD Million) 72
TABLE NO. 26. : Global Fish Oil Market Revenue, By Application, 2018 – 2023 (USD Million) 73
TABLE NO. 27. : Global Fish Oil Market Revenue, By Application, 2024 – 2032 (USD Million) 73
TABLE NO. 28. : North America Fish Oil Market Revenue, By Country, 2018 – 2023 (USD Million) 75
TABLE NO. 29. : North America Fish Oil Market Revenue, By Country, 2024 – 2032 (USD Million) 75
TABLE NO. 30. : North America Fish Oil Market Revenue, By Species, 2018 – 2023 (USD Million) 76
TABLE NO. 31. : North America Fish Oil Market Revenue, By Species, 2024 – 2032 (USD Million) 76
TABLE NO. 32. : North America Fish Oil Market Revenue, By Application, 2018 – 2023 (USD Million) 77
TABLE NO. 33. : North America Fish Oil Market Revenue, By Application, 2024 – 2032 (USD Million) 77
TABLE NO. 34. : Europe Fish Oil Market Revenue, By Country, 2018 – 2023 (USD Million) 80
TABLE NO. 35. : Europe Fish Oil Market Revenue, By Country, 2024 – 2032 (USD Million) 80
TABLE NO. 36. : Europe Fish Oil Market Revenue, By Species, 2018 – 2023 (USD Million) 81
TABLE NO. 37. : Europe Fish Oil Market Revenue, By Species, 2024 – 2032 (USD Million) 81
TABLE NO. 38. : Europe Fish Oil Market Revenue, By Application, 2018 – 2023 (USD Million) 82
TABLE NO. 39. : Europe Fish Oil Market Revenue, By Application, 2024 – 2032 (USD Million) 82
TABLE NO. 40. : Asia Pacific Fish Oil Market Revenue, By Country, 2018 – 2023 (USD Million) 85
TABLE NO. 41. : Asia Pacific Fish Oil Market Revenue, By Country, 2024 – 2032 (USD Million) 85
TABLE NO. 42. : Asia Pacific Fish Oil Market Revenue, By Species, 2018 – 2023 (USD Million) 86
TABLE NO. 43. : Asia Pacific Fish Oil Market Revenue, By Species, 2024 – 2032 (USD Million) 86
TABLE NO. 44. : Asia Pacific Fish Oil Market Revenue, By Application, 2018 – 2023 (USD Million) 87
TABLE NO. 45. : Asia Pacific Fish Oil Market Revenue, By Application, 2024 – 2032 (USD Million) 87
TABLE NO. 46. : Latin America Fish Oil Market Revenue, By Country, 2018 – 2023 (USD Million) 90
TABLE NO. 47. : Latin America Fish Oil Market Revenue, By Country, 2024 – 2032 (USD Million) 90
TABLE NO. 48. : Latin America Fish Oil Market Revenue, By Species, 2018 – 2023 (USD Million) 91
TABLE NO. 49. : Latin America Fish Oil Market Revenue, By Species, 2024 – 2032 (USD Million) 91
TABLE NO. 50. : Latin America Fish Oil Market Revenue, By Application, 2018 – 2023 (USD Million) 92
TABLE NO. 51. : Latin America Fish Oil Market Revenue, By Application, 2024 – 2032 (USD Million) 92
TABLE NO. 52. : Middle East Fish Oil Market Revenue, By Country, 2018 – 2023 (USD Million) 95
TABLE NO. 53. : Middle East Fish Oil Market Revenue, By Country, 2024 – 2032 (USD Million) 95
TABLE NO. 54. : Middle East Fish Oil Market Revenue, By Species, 2018 – 2023 (USD Million) 96
TABLE NO. 55. : Middle East Fish Oil Market Revenue, By Species, 2024 – 2032 (USD Million) 96
TABLE NO. 56. : Middle East Fish Oil Market Revenue, By Application, 2018 – 2023 (USD Million) 97
TABLE NO. 57. : Middle East Fish Oil Market Revenue, By Application, 2024 – 2032 (USD Million) 97
TABLE NO. 58. : Africa Fish Oil Market Revenue, By Country, 2018 – 2023 (USD Million) 100
TABLE NO. 59. : Africa Fish Oil Market Revenue, By Country, 2024 – 2032 (USD Million) 100
TABLE NO. 60. : Africa Fish Oil Market Revenue, By Species, 2018 – 2023 (USD Million) 101
TABLE NO. 61. : Africa Fish Oil Market Revenue, By Species, 2024 – 2032 (USD Million) 101
TABLE NO. 62. : Africa Fish Oil Market Revenue, By Application, 2018 – 2023 (USD Million) 102
TABLE NO. 63. : Africa Fish Oil Market Revenue, By Application, 2024 – 2032 (USD Million) 102

Frequently Asked Questions:

What is the market size of the Fish Oil market in 2023 and 2032, and what is its CAGR?**

The Fish Oil market is projected to grow from USD 3,183.25 million in 2023 to USD 4,812.72 million by 2032, with a compound annual growth rate (CAGR) of 4.70% from 2024 to 2032.

What drives the growth of the Fish Oil market?**

The growth of the Fish Oil market is driven by increasing consumer demand for omega-3 supplements, expanding aquaculture practices, and strong regulatory support for omega-3 health claims.

Which regions hold the largest shares of the Fish Oil market?**

North America and Europe hold significant shares due to established demand for fish oil in pharmaceuticals and functional foods, while the Asia-Pacific region is witnessing rapid growth.

What applications utilize fish oil the most?

Fish oil is widely used in dietary supplements, pharmaceuticals, animal feed, aquaculture, and functional foods due to its health benefits, particularly from omega-3 fatty acids.

How does sustainability influence the Fish Oil market?

Sustainability-focused sourcing practices and marine conservation efforts are crucial trends in the Fish Oil market, addressing environmental concerns and enhancing consumer trust.

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