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The global fish oil market grew at a CAGR of around 5% during 2015-2020. Fish oil refers to the tissue fat extracted from several fatty fish species, such as herring, mackerel, anchovies, sardines, carp, tuna, etc. It acts as a rich source of omega-3 fatty acids, vitamin A, vitamin D, zinc, etc. Fish oil offers numerous health benefits in reducing high blood pressure, lowering the risk of cardiovascular diseases, boosting metabolism, maintaining digestive functioning, improving skin health, etc. As a result, it is widely used as an essential ingredient in dietary supplements, functional food and beverages, pharmaceutical products, animal feed, etc.
The increasing consumer health concerns towards the high prevalence of cardiovascular ailments, premature skin aging, excessive hair fall, obesity, etc., are augmenting the demand for fish oil. Additionally, the rising adoption of healthier dietary habits is further propelling the consumption of fish oil in the form of nutritional supplements and functional food and beverages. Apart from this, the expanding pharmaceutical sector is also bolstering the demand for bioactive ingredients, such as fish oil, that contains a high amount of Docosahexaenoic acid (DHA) and Eicosapentaenoic acid (EPA). Moreover, the growing utilization of fish oil in various personal grooming products against numerous dermatological disorders, including pigmentation, wrinkles, dark circles, etc., is further catalyzing the market growth. Moreover, the growing poultry and livestock population is also augmenting the usage of fish oil as a feed additive for enhanced animal growth and controlled disease outbreaks. In the coming years, the increasing demand for organic product variants with allergen-free, non-GMO, and chemical-free content will continue to spur the global market for fish oil. Looking forward, IMARC Group expects the global fish oil market to continue its moderate growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global fish oil market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, source, distribution channel and end use.
Breakup by Source:
Breakup by Distribution Channel:
Breakup by End Use:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the key players being China Fishery Group Limited, Corporación Pesquera Inca S.A.C. (Copeinca AS), Camanchaca, FF Skagen A/S, Foodcorp Chile S.A (Austevoll Seafood ASA), OLVEA Fish Oils (OLVEA), Oceana Group Limited, Pesquera Diamante S.A., Pioneer Fishing and TripleNine Fish Protein A/S (TripleNine Group).
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