Europe Fish Oil Prices Mixed as UK Hits USD 3,692/MT While Belgium Trades Near USD 2,996/MT

Fish oil is a nutritional supplement derived from the tissues of oily fish species such as salmon, mackerel, and sardines. Rich in omega-3 fatty acids, particularly eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), it serves essential functions in cardiovascular health support, cognitive function enhancement, and inflammation reduction. It finds widespread application across nutraceuticals, aquafeed production, pharmaceutical formulations, and functional foods. Fish oil pricing remains highly responsive to fishing catch volumes, aquaculture demand cycles, seasonal supply variations, and currency fluctuations affecting international trade flows.

Global Market Overview:

Globally, the fish oil industry was valued at USD 2.56 Billion in 2025. Market projections indicate steady growth, with the industry expected to reach USD 4.10 Billion by 2034, representing a compound annual growth rate (CAGR) of 5.27% from 2026-2034. The market is driven by the rapid expansion of aquaculture activities, increasing consumer awareness of omega-3 health benefits, and the rising use of these fatty acids in functional foods and dietary supplements focused on heart and brain health. Growing demand for nutritionally enriched products, combined with a shift toward preventive healthcare and wellness, further supports market adoption. Additionally, technological advancements in extraction and formulation processes enable wider application across food, beverage, and supplement segments, sustaining long-term growth momentum.

Fish Oil Price Trend Q3 2025:

Regional prices (USD per MT) and QoQ changes vs Q2 2025:

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What Moved Prices:

• Canada: Fish oil prices climbed to USD 4498/MT in September, supported by robust purchasing from nutraceutical manufacturers and aquafeed producers. Omega-3 supplement consumption continued gaining traction among health-conscious consumers, while salmon farming operations maintained steady feed requirements. Raw material availability tightened as anchovy and sardine catches declined, constraining supply channels. Elevated feedstock acquisition costs and persistent transportation expenses contributed to upward pricing momentum throughout the North American market during the quarter.
• United Kingdom: Prices retreated to USD 3692/MT amid weakened demand from dietary supplement and functional food manufacturers. Substantial inventory carryover from the previous quarter combined with increased shipments from Norwegian and Icelandic suppliers applied downward pressure. Sterling stabilization against the dollar reduced import expenditures for processors and blenders. Nevertheless, elevated port handling charges and freight costs prevented sharper declines in the market.
• France: Market values softened to USD 3612/MT primarily due to diminished uptake from pharmaceutical and nutraceutical sectors. Abundant supplies from North Sea fishing operations alongside rising Scandinavian imports intensified competitive pressure on pricing. Domestic manufacturing costs held steady owing to consistent energy pricing and streamlined port logistics. Euro appreciation relative to the dollar further offset import cost escalations during the period.
• Japan: Prices declined to USD 2171/MT as domestic consumption in health supplement and feed manufacturing segments remained subdued. Currency stability and enhanced imports from South American producing nations lowered procurement expenditures. Elevated stock levels accumulated from earlier quarters kept the local market in oversupply conditions. Limited recovery in aquaculture operations further constrained fresh demand emergence throughout the quarter.
• Belgium: Values decreased to USD 2996/MT following reduced consumption across animal nutrition and dietary supplement applications. Competitively priced imports from Norway and Denmark exerted additional pressure on domestic producers. Energy expenditures remained contained, limiting production cost escalation. Euro strengthening against the dollar lowered import bills, contributing to overall price reductions in the Belgian market during the assessment period.

Drivers Influencing the Market:

Several factors continue to shape fish oil pricing and market behavior:

• Aquaculture Industry Expansion: Growing fish farming operations, particularly salmon and trout cultivation, sustain strong demand for fish oil-based aquafeed. This expanding sector represents a primary consumption channel, with producers seeking consistent supply volumes to support farming output requirements.
• Omega-3 Health Awareness: Rising consumer recognition of omega-3 fatty acid benefits for cardiovascular health, cognitive function, and inflammation management continues driving nutraceutical demand. Premium-grade supplement requirements maintain pricing support in retail channels.
• Raw Material Availability: Fishing catch volumes of anchovy, sardine, and other oily species directly impact supply availability. Environmental conditions, seasonal variations, and quota restrictions can constrain raw material access, influencing procurement costs throughout the supply chain.
• Currency Exchange Dynamics: Fluctuations in major currency pairs affect international trade costs. Euro and yen movements against the US dollar alter import expenditures for European and Asian buyers, translating to regional price variations across global markets.
• Sustainability Regulations: Stringent EU sustainability standards and traceability requirements impose compliance costs on producers and importers. Certification expenses and sustainable sourcing mandates contribute to baseline production costs, influencing final market pricing.
• Logistics and Transportation Costs: Port handling charges, freight rates, and distribution expenses impact delivered costs across regions. Global fuel price fluctuations and shipping route disruptions can create cost variations that filter through to end-market pricing.
• Alternative Product Competition: Emerging algae-based omega-3 alternatives are gradually reshaping competitive dynamics. While not displacing traditional fish oil demand entirely, these substitutes prompt producers to adapt pricing strategies in response to evolving market preferences.

Recent Highlights & Strategic Developments:

Recent strategic moves within the industry further illustrate evolving dynamics:

• In June 2025, MegaFood has launched three new products which are Sea Moss Complex, Collagen Peptides with Hyaluronic Acid and Vitamin C, and Omega-3 Fish Oil. These supplements support skin, gut, joint, heart, and immune health, and are made without synthetic fillers, artificial sweeteners, or preservatives, offering natural, science-backed total-body wellness.

Outlook & Strategic Takeaways:

Looking ahead, the fish oil market is expected to sustain growth momentum driven by expanding aquaculture operations and persistent consumer demand for omega-3 health supplements. Regional pricing divergence will likely continue as supply-demand dynamics and currency movements create varied market conditions.

To navigate this complex landscape, stakeholders should:

• Monitor regional price movements monthly to identify procurement opportunities across North American, European, and Asian markets. Understanding regional pricing differentials enables strategic sourcing decisions that optimize acquisition costs.
• Track fishing catch volumes and quota announcements from major producing regions including Peru, Chile, and Scandinavia. Raw material availability directly impacts supply conditions and pricing trajectories throughout the value chain.
• Assess currency exposure in procurement planning given the significant impact of euro and yen fluctuations on import costs. Hedging strategies may mitigate exchange rate volatility risks for international buyers.
• Diversify supplier networks across multiple geographies to reduce concentration risks. Establishing relationships with Scandinavian, South American, and Asian suppliers provides procurement flexibility during regional supply disruptions.
• Evaluate aquaculture sector trends as salmon and trout farming expansion continues driving aquafeed demand. Understanding industry growth patterns helps anticipate consumption requirements and potential supply tightness.
• Monitor sustainability certification requirements particularly in European markets where traceability standards continue evolving. Compliance preparation positions stakeholders advantageously as regulatory frameworks tighten.
• Consider long-term supply agreements with reliable suppliers to secure favorable pricing and guarantee volume availability during periods of market tightness. Contract structures can provide cost stability amid volatile conditions.
• Explore premium segment opportunities in high-purity pharmaceutical and nutraceutical grades where differentiated product specifications command value premiums. Refined fish oil varieties offer margin enhancement potential.

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