Press Release

Fish Oil Market to Grow with a CAGR of 4.58% through 2029

The fish oil market is driven by increasing awareness of its health benefits, rising demand for omega-3 supplements, growth in functional foods, and expanding use in pharmaceuticals and animal nutrition.

According to TechSci Research report, “Fish Oil Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, The global fish oil market was valued at USD 3.28 Billion in 2023 and is expected to reach USD 4.29 Billion by 2029 with a CAGR of 4.58% during the forecast period. The fish oil market has experienced significant growth in recent years, driven by increasing awareness of its health benefits, rising demand for omega-3 fatty acids, and expanding applications across various industries. Fish oil, derived from the tissues of oily fish, is rich in omega-3 fatty acids, which are crucial for maintaining cardiovascular health, brain function, and overall well-being. The global fish oil market is projected to continue its upward trajectory, fueled by advancements in technology, expanding consumer awareness, and increasing applications in both dietary supplements and functional foods.

The growing awareness of the health benefits associated with omega-3 fatty acids. Research has consistently highlighted the positive impact of EPA and DHA on heart health, cognitive function, and inflammation. As consumers become more health-conscious, they are increasingly seeking supplements that offer these benefits. This trend is supported by a rising incidence of chronic diseases such as cardiovascular conditions, which has led to a greater emphasis on preventive health measures. The demand for fish oil supplements has surged as people look for natural and effective ways to enhance their health and well-being.

The fish oil market is also significantly influenced by its expanding applications in the functional foods and dietary supplements sectors. Fish oil is a key ingredient in a variety of products, including fortified foods, beverages, and dietary supplements. The functional food industry, which focuses on products that offer health benefits beyond basic nutrition, has embraced fish oil for its proven efficacy in improving health outcomes. Additionally, the dietary supplement market has seen a proliferation of fish oil-based products, ranging from capsules and softgels to liquid formulations. This diversification has broadened the appeal of fish oil to a wider consumer base, further driving market growth.

The fish oil market is poised for continued growth, driven by ongoing research and development, technological advancements, and evolving consumer preferences. Innovations in extraction and processing technologies are expected to improve the efficiency and sustainability of fish oil production. Additionally, the rising popularity of plant-based and alternative sources of omega-3s, such as algal oil, may influence the market dynamics. However, challenges such as overfishing and environmental concerns associated with fish oil production could impact the market. Overall, the fish oil market's trajectory will be shaped by a combination of consumer trends, technological advancements, and industry developments.


Browse over xx market data Figures spread through xx Pages and an in-depth TOC on "Global Fish Oil Market.” 


The global Fish Oil Market is segmented into application, species, region.

In the fish oil market, human consumption is the fastest-growing segment by application. This growth is driven by increasing consumer awareness of the health benefits associated with omega-3 fatty acids, such as improved cardiovascular health, cognitive function, and reduced inflammation. The rising prevalence of chronic health conditions and a growing preference for natural supplements have fueled demand for fish oil products. As consumers seek to enhance their overall well-being through dietary supplements, the human consumption segment continues to expand rapidly, outpacing other applications in the fish oil market and reflecting a broader trend towards health-conscious living.

Asia Pacific is emerging as the fastest-growing segment in the fish oil market, driven by increasing health awareness, rising disposable incomes, and a growing focus on nutrition. The region's expanding population and urbanization are contributing to higher demand for dietary supplements and functional foods containing omega-3 fatty acids. Additionally, the burgeoning aquaculture industry in Asia Pacific is boosting the consumption of fish oil for feed purposes. As consumers in this region become more health-conscious and seek natural remedies, the fish oil market in Asia Pacific is experiencing rapid growth, outpacing other regions in market expansion.


Major companies operating in global Fish Oil Market are:

  • Hyphens Pharma International Limited (Ocean Group)
  • Croda International plc
  • GC Rieber AS
  • Pelagia AS
  • BASF SE
  • Koninklijke DSM N.V.
  • Sürsan S.A.
  • Omega Protein Corporation
  • TripleNine
  • OLVEA Group

 

Download Free Sample Report

Customers can also request for 10% free customization in this report.

 

The fish oil market has witnessed substantial growth driven by heightened consumer awareness of its health benefits, increasing demand for omega-3 fatty acids, and expanding applications across various sectors. Health-conscious consumers are increasingly seeking fish oil supplements for their proven benefits in cardiovascular health, cognitive function, and inflammation reduction. This growing awareness is complemented by a rise in chronic health conditions, which fuels the demand for preventive health solutions. Additionally, the market is bolstered by the proliferation of fish oil in functional foods and dietary supplements, alongside innovations in extraction and processing technologies. The aquaculture industry also significantly contributes to market growth, as fish oil remains a critical component of fish feed, driven by the global surge in seafood consumption. Regional dynamics, particularly strong performance in Europe and rapid growth in Asia Pacific, further enhance the market's expansion prospects, positioning the fish oil industry for continued success“, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

"Fish Oil Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Application (Human Consumption, Aquaculture, Pet Food, Others), By Species (Tuna, Salmon, Pangasius, Tilapia, Others), By Region, By Competition, 2019-2029F”, has evaluated the future growth potential of global Fish Oil Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Fish Oil Market.

 

Contact Us-

TechSci Research LLC                                                                                              

420 Lexington Avenue, Suite 300,

New York, United States- 10170

M: +13322586602

Email: sales@techsciresearch.com

Website: www.techsciresearch.com

Relevant Reports

Fish Oil Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Application (Human Consumption, Aquaculture, Pet Food, Others), By Species (Tuna, Salmon, Pangasius, Tilapia, Others), By Region, By Competition, 2019-2029F

Consumer Goods and Retail | Nov, 2024

The fish oil market is driven by increasing awareness of its health benefits, rising demand for omega-3 supplements, growth in functional foods, and expanding use in pharmaceuticals and animal nutrition.

Relevant News