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Fish Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A3373
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Market Overview:
The global fish oil market size reached US$ 2.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.
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.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global fish oil market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on source, distribution channel and end use.
Breakup by Source:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Anchoveta
- Sardine
- Capelin
- Menhaden
- Herring
- Anchovy
- Others
Breakup by Distribution Channel:
- Hypermarkets and Supermarkets
- Specialty Stores
- Online Stores
- Others
Breakup by End Use:
- Aquaculture
- Salmon and Trout
- Marine Fish
- Crustaceans
- Tilapias
- Others
- Animal Feed
- Nutritional Supplements
- Pharmaceutical
- Others
Breakup by Region:
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- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Russia
- Others
- Asia Pacific
- China
- Japan
- India
- Taiwan
- Thailand
- Others
- North America
- United States
- Canada
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
- Turkey
- Iran
- Saudi Arabia
- Others
Competitive Landscape:
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).
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Source, Distribution Channel, End Use, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, India, Taiwan, Thailand, United States, Canada, Brazil, Mexico, Turkey, Iran, Saudi Arabia |
| Companies Covered | 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) |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global fish oil market was valued at US$ 2.2 Billion in 2022.
We expect the global fish oil market to exhibit a CAGR of 6.2% during 2023-2028.
The increasing demand for fish oil, as it aids in reducing high blood pressure, boosting metabolism, lowering the risk of cardiovascular diseases, improving skin health, etc., is primarily driving the global fish oil market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of fish oil.
Based on the source, the global fish oil market has been segmented into anchoveta, sardine, capelin, menhaden, herring, anchovy, and others. Among these, sardine currently holds the majority of the total market share.
Based on the end use, the global fish oil market can be divided into aquaculture, animal feed, nutritional supplements, pharmaceutical, and others. Currently, aquaculture exhibits a clear dominance in the market.
On a regional level, the market has been classified into Europe, Asia Pacific, North America, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global fish oil market include 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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