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Redding, California - October 25, 2024

Fish Oil Market to Reach $4.51 Billion by 2031

Fish Oil Market Size, Share, Forecast, & Trends Analysis by Grade (Feed, Food, Pharma), Process (Crude Fish Oil, Refined Fish Oil), Product (Salmon Oil, Tuna Oil, Cod Liver Oil), Application (Animal Feed, Dietary Supplements) - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled ‘Fish Oil Market—Global Opportunity Analysis and Industry Forecast (2024-2031).’ According to this latest publication from Meticulous Research^®, the fish oil market is expected to reach $4.51 billion by 2031, at a CAGR of 4.7% from 2024 to 2031.

The rising incidence of cardiovascular diseases (CVDs) worldwide, increasing awareness of livestock and pet nutrition, the growing demand for healthier dietary habits and changing consumer preferences, and the expansion of the aquaculture industry are driving the growth of the fish oil market. However, unsustainable fishing practices by some fish oil manufacturers and the availability of alternative sources of omega-3 fatty acids restrain the market’s growth.

Furthermore, the increasing awareness of the health benefits of omega-3 fatty acids, along with their rising adoption in aquaculture and animal feed applications, create significant opportunities for market players. However, environmental concerns and overfishing are some of the challenges impacting the market’s growth.

The growing focus on health & wellness and advancements in fish oil extraction & processing technologies are prominent trends in the fish oil market.

Key Players:

The fish oil market is characterized by a moderately competitive scenario due to the presence of many large and small-sized global, regional, and local players. The key players operating in the fish oil market are Omega Protein Corporation (U.S.), TripleNine Group A/S (Denmark), FF Skagen A/S (Denmark), Pelagia AS (Norway), BASF SE (Germany), KD Pharma Group SA (Switzerland), Croda International Plc (U.K.), Colpex International S.A.C (Peru), OLVEA Group (France), SARMA FISH S.A.R.L (Morocco), Pesquera Diamante S.A. (Peru), Blueline Foods (India) Pvt. Ltd. (India), and GC Rieber VivoMega AS (Norway).

The fish oil market is segmented based on grade, process, product, and application. The report also evaluates industry competitors and analyzes the fish oil market at the regional and country levels.

By grade, in 2024, the feed grade segment is expected to account for the largest share of the fish oil market. Feed-grade fish oil is rich in omega-3 fatty acids, which are essential for the health of aquatic animals, particularly species such as salmon, trout, and carp. As fish farming expands to meet the increasing global seafood demand, the consumption of feed-grade fish oil is expected to rise, as it enhances feed efficiency, promotes fish growth, and improves overall fish quality.

Additionally, feed-grade fish oil is being increasingly incorporated into animal feed to boost the health and productivity of livestock, especially in poultry and swine farming. In the pet food industry, there is also a growing trend toward formulating high-quality, nutrient-rich products, with fish oil being a favored ingredient due to its benefits for coat health, joint function, and cognitive development in pets. These factors are driving the rising demand for feed-grade fish oil in the global market.

By process, in 2024, the crude fish oil segment is expected to account for the largest share of the fish oil market. The large market share of this segment is attributed to the benefits of crude fish oil. Crude fish oil is rich in omega-3 fatty acids, particularly eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), which are vital for heart health, brain function, and overall wellness. These essential nutrients make the oil a valuable ingredient for dietary supplements, pharmaceuticals, and animal feed.

Moreover, crude fish oil is a crucial ingredient in various sectors, including dietary supplements, functional foods, and aquaculture. Its versatility allows manufacturers to formulate products that cater to health-conscious consumers seeking the benefits of omega-3 fatty acids.

By product, in 2024, the anchovy oil segment is expected to account for the largest share of the fish oil market. The large market share of this segment is attributed to the increasing awareness about the high levels of DHA in anchovy-based fish oil, which makes it ideal for aquafeed and dietary supplements. Additionally, the anchovy fishery is recognized as one of the largest and most sustainable fisheries globally, ensuring a consistent supply of high-quality fish oil.

By application, in 2024, the aqua feed segment is expected to account for the largest share of the fish oil market. The large market share of this segment is attributed to the increasing use of fish oil in animal nutrition. Fish oil plays a crucial role in supporting the health and growth of farmed fish, particularly species such as salmon, trout, and various marine fish. It serves as a vital source of omega-3 fatty acids, which are essential for developing healthy cell membranes, boosting immune function, and ensuring the overall well-being of farmed fish. These nutrients enhance growth rates, improve feed conversion efficiency, and elevate the quality of the final seafood products. Additionally, incorporating fish oil into aqua feed enhances the nutritional profile of farmed fish, making them more appealing to health-conscious consumers seeking seafood high in omega-3 fatty acids.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Poland, Netherlands, Belgium, Norway, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, Thailand, Singapore, Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), and the Middle East & Africa (Saudi Arabia, South Africa, UAE, Rest of Middle East & Africa).

By geography, in 2024, Europe is expected to account for the largest share of the fish oil market, followed by North America, Asia-Pacific, Latin America, and the Middle East & Africa. Europe’s significant market share can be attributed to several factors, including a growing consumer focus on health & wellness, high awareness of the health benefits associated with dietary supplements, an increasing prevalence of cardiovascular diseases, advanced processing technologies, and a strong emphasis on sustainable fishing practices.

The robust aquaculture industry in Europe also contributes to the market’s growth, as fish oil is a key ingredient used in aquafeed to enhance the nutritional quality of farmed fish. Moreover, the European cosmetic industry is increasingly incorporating fish oil into skincare products for its anti-inflammatory and anti-aging properties, further contributing to market growth.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=1210

Key Questions Answered in the Report:

What is the revenue generated from the sales of fish oil?
At what rate is the global demand for fish oil projected to grow for the next five to seven years?
What is the historical market size and growth rate for the fish oil market?
What are the major factors impacting the growth of this market at the global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which grade, process, product, and application segments create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the fish oil market?
Who are the major players in the fish oil market? What are their specific product offerings in this market?
What are the recent developments in the fish oil market? What are the impacts of these strategic developments on the market?

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Redding, California - October 25, 2024

Fish Oil Market to Reach $4.51 Billion by 2031

Fish Oil Market Size, Share, Forecast, & Trends Analysis by Grade (Feed, Food, Pharma), Process (Crude Fish Oil, Refined Fish Oil), Product (Salmon Oil, Tuna Oil, Cod Liver Oil), Application (Animal Feed, Dietary Supplements) - Global Forecast to 2031

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