Fish Oil Market size was valued at USD 2.50 Billion in 2024 and the total Fish Oil revenue is expected to grow at a CAGR of 5.9% from 2025 to 2032, reaching nearly USD 3.97 Billion by 2032.
Market Estimation & Definition
Fish oil is a fatty substance extracted from oily fish species such as anchovy, sardine, salmon, tuna, and menhaden. It is rich in omega-3 fatty acids, particularly eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), which are essential for human and animal health. It is widely used in aquafeed, dietary supplements, pharmaceuticals, pet food, and cosmetics.
In 2024, the global fish oil market was valued at USD 2.50 billion. With the rising global focus on functional foods, animal nutrition, and sustainable aquaculture, the market is expected to achieve USD 3.97 billion by 2032, reflecting its importance as both a health ingredient and industrial feedstock.
Secure your sample copy of this report immediately! https://www.stellarmr.com/report/req_sample/Fish-Oil-Market/1602
Market Growth Drivers & Opportunities
Aquaculture Expansion
Fish oil remains a fundamental component of aquafeed, particularly for salmon, trout, and other high-value species. As aquaculture overtakes traditional fishing in global seafood production, the demand for fish oil continues to rise. Farmed fish require omega-3-rich feed to grow efficiently and remain healthy, directly linking aquaculture growth to fish oil demand.
Rising Health Awareness
The increased consumer awareness of heart health, brain function, and inflammation management has driven significant growth in the omega-3 supplement market, particularly in North America, Europe, and parts of Asia. Fish oil capsules, soft gels, and fortified beverages are gaining popularity among aging populations and health-conscious youth alike.
Pharmaceutical Integration
Fish oil is being increasingly incorporated into pharmaceutical products for its ability to reduce triglycerides, support cardiovascular health, and improve cognitive function. Pharmaceutical-grade EPA and DHA concentrates are now used in prescription medications, especially in the treatment of hypertriglyceridemia.
Sustainable Product Demand
As sustainability becomes a focal point in global food systems, companies are exploring new ways to extract fish oil from by-products and fish waste. Sustainable sourcing, certification (e.g., MSC), and traceable supply chains offer an opportunity for value addition and brand differentiation.
Technological Advancements
Refining technologies such as molecular distillation, enzymatic processing, and supercritical CO₂ extraction are helping manufacturers produce higher-purity fish oils with minimal environmental impact. These innovations are creating new opportunities in pharmaceutical and nutraceutical markets.
Segmentation Analysis
By Process Mode
- Crude Fish Oil
- Unrefined oil used mainly in aquafeed and animal feed. It represents the largest volume segment but has lower margins.
- Refined Fish Oil
- Cleaned and deodorized for human consumption, particularly in dietary supplements and infant nutrition.
- Modified Fish Oil
- Includes concentrates and ethyl esters used in pharmaceuticals due to their high EPA and DHA content.
By Product Type
- Anchovy Oil
- The most widely available and commonly used fish oil due to its high yield and cost-effectiveness.
- Salmon Oil
- Considered a premium segment due to its natural DHA richness and consumer appeal.
- Tuna Oil
- Known for ultra-high DHA content, making it popular in infant formula and specialty nutraceuticals.
- Others
- Includes sardine, menhaden, and cod liver oils, often used in niche dietary and cosmetic applications.
By End-User
- Aquaculture
- Largest segment (>50% share), vital for maintaining fish health and growth in commercial fish farms.
- Animal Feed
- Used in poultry, swine, and pet food to enhance nutritional content.
- Nutritional Supplements
- Includes capsules, liquids, soft gels, and fortified beverages.
- Pharmaceuticals
- Includes prescription products for cholesterol, heart, and brain health.
- Others
- Includes cosmetic and industrial applications such as soaps and lubricants.
To learn more about the findings of this research, please check: https://www.stellarmr.com/report/Fish-Oil-Market/1602
Country-Level Analysis
United States
The U.S. remains one of the largest consumers and importers of fish oil, with a market size of USD 720 million in 2023, projected to reach approximately USD 1.36 billion by 2030. Key drivers include a growing nutraceutical sector, widespread awareness of cardiovascular health, and advancements in omega-3 prescription formulations. The U.S. aquaculture industry is also expanding, particularly in inland salmon farming and offshore projects, which boosts feed demand.
Regulatory Oversight: The U.S. Food and Drug Administration (FDA) plays a critical role in shaping the fish oil market through labeling, health claims, and safety guidelines. Consumers increasingly seek third-party certified and sustainably sourced products.
Germany
Germany is a key player in the European fish oil market, both as a consumer and as a processing hub. With a high demand for clean-label and pharmaceutical-grade omega-3s, Germany leads the region in supplement consumption. The country also benefits from its proximity to Scandinavian fisheries and port facilities, facilitating efficient imports.
Sustainability Focus: German refiners are investing in green technology and traceable sourcing. Facilities in Hamburg and Bremen are examples of zero-waste processing systems using renewable energy inputs and sustainable waste management practices.
Competitive Landscape (Commutator Analysis)
The fish oil market is moderately consolidated, with a few multinational companies controlling a large portion of the supply chain, but also a rising number of regional and specialty players innovating in niche segments.
Key Market Players
- Omega Protein Corporation (USA): Leading supplier of marine ingredients; vertically integrated and MSC-certified.
- TripleNine Group (Denmark): Major producer of fishmeal and fish oil; known for sustainability practices.
- Pesquera Diamante (Peru): A key player leveraging Peru’s vast anchovy fisheries.
- FMC Corporation (USA): Active in pharmaceutical-grade fish oil concentrates.
- Corpesca S.A. (Chile): Major player in South America with a strong footprint in aquafeed.
Emerging Trends
- Integration of Blockchain: Some producers are deploying digital traceability to comply with EU and U.S. sustainability regulations.
- Algae Oil Blending: Hybrid formulations with algal DHA are gaining traction in vegan and infant nutrition markets.
- Vertical Integration: Companies are investing in refining and soft-gel encapsulation to capture end-consumer value.
Look at Today's Top Trends :
Coffee Shop Market https://www.stellarmr.com/report/Coffee-Shop-Market/1562
Saffron Market https://www.stellarmr.com/report/Saffron-Market/1563
Press Release Conclusion
With a CAGR of 5.9%, the global fish oil market is charting a robust path toward USD 3.97 billion by 2032. Aquaculture, pharmaceuticals, and dietary supplements will remain the major pillars of growth. However, future success will depend on sustainability, innovation, and downstream integration.
Manufacturers that invest in refinery upgrades, ensure certified sourcing, and develop high-purity formulations will be positioned to capture share in the fast-growing omega-3 economy. Countries like the United States and Germany will continue to lead in consumption and regulation, shaping global trade dynamics.
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Stellar Market Research:
S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
+91 20 6630 3320, +91 9607365656
Comments