Fish Oil Market (2025-2032)
The Fish Oil Market was valued at $3.14 billion in 2024. This market is projected to reach $4.51 billion by 2032 from an estimated $3.26 billion in 2025, at a CAGR of 4.7% during the forecast period from 2025 to 2032. Fish Oil Market Size & Forecast Key factors driving the growth of this market include
- Published
- Jan 2025
- Pages
- 250
- Format
- PDF + Excel
- Report ID
- MRFB - 104203
- Base year
- 2024
- 2024 · BASELINE
- $3.14B
- 2032
- $4.51B
- CAGR 2025–2032
- 4.7%
2024 baseline · 2025–2032 forecast at 4.7% CAGR · hover a bar for the value
Key highlights
By Grade: The Feed Grade Segment to Dominate the Fish Oil Market in 2025
By Process: In 2025, the Crude Fish Oil Segment is Expected to Dominate the Fish Oil Market
By Product: In 2025, the Anchovy Oil Segment is Expected to Dominate the Fish Oil Market
By Application: In 2025, the Aqua Feed Segment is Expected to Account for the Largest Share of the Fish Oil Market
By Geography: Europe Dominates the Fish Oil Market in 2025
Report summary
| Particulars | Details |
|---|---|
| Number of Pages | ~250 |
| Format | |
| Forecast Period | 2025–2032 |
| Base Year | 2024 |
| CAGR (Value) | 4.7% |
| Market Size (Value) | USD 4.51 Billion by 2032 |
| Segments Covered | By Grade · Feed Grade · Food Grade · Pharma Grade · By Process · Crude Fish Oil · Refined Fish Oil · Modified Fish Oil · By Product · Anchovy Oil · Salmon Oil · Tuna Oil · Cod Liver Oil · Sardine Oil · Squalene Oil · Krill Oil · Menhaden Oil · Other Products · By Application · Aqua Feed · Dietary Supplements · Functional Food and Beverages · Pharmaceuticals · Personal Care · Other Applications |
| Countries Covered | 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) |
| Key Companies | 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). |
Report overview
Segments covered: grade, process, product, application. Regions: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
Key factors driving the growth of this market include the increasing prevalence of cardiovascular diseases (CVDs), rising awareness about livestock and pet nutrition, a shift toward healthier eating habits and changing consumer preferences, and the expansion of the aquaculture industry. Additionally, the growing awareness about the health benefits of omega-3 fatty acids and their extensive use in aquaculture and animal feed are expected to offer growth opportunities for market players.
Report infographic
Market dynamics
3 factors across 2 forcesGrowing Awareness About the Health Benefits of Omega-3 Fatty Acids
Omega-3 fatty acids, specifically Eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), have been widely recognized for their role in promoting heart health, reducing inflammation, supporting brain function, and improving overall well-being. Consumers are increasingly incorporating fish oil supplements and omega-3-rich foods into their diets. This rising demand is further fueled by public health campaigns, recommendations from healthcare professionals, and the growing emphasis on preventive healthcare, positioning fish oil as a key ingredient in maintaining long-term health.
Moreover, the rising popularity of omega-3 fatty acids also extends beyond individual consumers, as the food and beverage industry has begun incorporating fish oil into a variety of products, from fortified foods to functional beverages. This diversification in product offerings is tapping into a broader consumer base, including those who may not traditionally take supplements but are looking for convenient ways to enhance their nutrient intake. This increased awareness about the benefits of omega-3 fatty acids is not only driving consumer demand but also encouraging innovation within the industry, ensuring sustained growth in the global fish oil market.
Table of contents
12 chapters · 140 sections · 250 pages · click to expandSegmental analysis
| Segment | Largest share (2025) | Fastest growth (2025–2032) |
|---|---|---|
| By Grade | Feed Grade | Pharma-grade |
By Grade
- 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 crucial for the health of aquatic species such as salmon, trout, and carp.
- As fish farming continues to expand to meet the global seafood demand, the demand for feed-grade fish oil is anticipated to increase proportionately, as it enhances feed efficiency, promotes fish growth, and improves overall fish quality.
- Moreover, feed-grade fish oil is increasingly incorporated into animal feed to boost the health and productivity of livestock, particularly in poultry and swine farming.
- However, the pharma-grade segment is expected to register the highest CAGR during the forecast period.
- The growth of this segment is driven by the high purity and concentration of beneficial omega-3 fatty acids in pharma-grade fish oil.
- This grade of fish oil undergoes rigorous refining processes to meet stringent pharmaceutical standards, making it suitable for use in prescription omega-3 supplements and medications.
- These products are often prescribed to help manage elevated triglyceride levels, reduce inflammation, and support overall heart health.
Geographic analysis
Europe
Largest shareIn 2025, Europe is estimated to account for the largest share of the global fish oil market. Europe's major market share can be attributed to various factors, including a heightened consumer emphasis on health and wellness, widespread awareness of the benefits of dietary supplements, a rising incidence of cardiovascular diseases, advancements in processing technologies, and a strong commitment to sustainable fishing practices. Additionally, the region's thriving aquaculture sector plays a crucial role, as fish oil is an essential component in aquafeed that improves the nutritional value of farmed fish. Furthermore, the European cosmetics industry is increasingly utilizing fish oil in skincare products due to its anti-inflammatory and anti-aging benefits, which further bolsters the market’s growth. Europe Dominates the Fish Oil Market in 2025
Competitive landscape
- October 2025
KD Pharma Group SA completed the acquisition of DSM-Firmenich's marine lipids business. This acquisition encompasses DSM-Firmenich's Marine Lipids omega-3 fish oil operations serving the food and beverage, dietary supplement, and pharmaceutical sectors, along with the MEG-3 brand and production facilities located in Piura, Peru, and Mulgrave, Canada.
- March 2024
Epax (Norway), a subsidiary of Pelagia, launched a full-spectrum oil that combines Omegas 3, 9, and 11, specifically targeting applications in skin health supplements.
- 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
- GC Rieber VivoMega AS · Norway
Frequently asked questions
The global fish oil market size was valued at $3.14 billion in 2024.
Cite this report
Meticulous Research. (2025). Fish Oil Market - Global Opportunity Analysis and Industry Forecast (2025-2032) (Report No. MRFB - 104203). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/fish-oil-market-1210