Fish Oil Market Size, Growth, Trends, and Future Analysis

The global fish oil market is experiencing steady growth, driven by increasing awareness of the health benefits of omega-3 fatty acids on cardiovascular and cognitive health. According to recent estimates, the market size stood at USD 8.52 billion in 2024 and is projected to rise from USD 9.24 billion in 2025 to an estimated USD 19.26 billion by 2034, expanding at a CAGR of 8.5% during the forecast period.

As consumers and industries alike emphasize wellness, sustainability, and alternative sources of nutrition, the fish oil market is undergoing a significant transformation.

Market Overview

Fish oil, widely recognized for its anti-inflammatory properties, plays a crucial role in managing chronic inflammatory conditions such as arthritis and cardiovascular disorders. Beyond its traditional healthcare uses, fish oil is increasingly being applied in the dermatology segment, where it has shown effectiveness in alleviating skin-related conditions like psoriasis, eczema, and dermatitis.

Ongoing advancements in clinical research are further broadening its scope of applications, with growing evidence supporting benefits in neurological health, cognitive development, eye care, and mental well-being. Moreover, the incorporation of fish oil into cosmeceuticals, functional foods, and personal care products is creating new avenues of growth.

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Key Growth Drivers

• Rising Awareness of Omega-3 Benefits

Growing research on the health impact of omega-3 fatty acids especially EPA and DHA has strengthened consumer demand for fish oil in dietary supplements, pharmaceuticals, and fortified foods. Omega-3s are proven to support heart health, brain function, and joint mobility, fueling global consumption.

• Expanding Applications Beyond Human Nutrition

Fish oil is no longer confined to supplements. Its use in animal feed and aquaculture, particularly for salmon and other farmed fish, continues to grow. Additionally, applications in cosmetics, infant nutrition, and functional beverages are adding new dimensions to market growth.

• Shift Toward Sustainable and Plant-Based Alternatives

Environmental concerns around overfishing have accelerated the adoption of algae-based omega-3 oils, offering a sustainable, vegan-friendly alternative while diversifying the raw material base for manufacturers.

Fish Oil Market Trends

• Rising prevalence of chronic diseases:
  The growing burden of chronic conditions, particularly cardiovascular diseases, is significantly shaping the fish oil market. Sedentary lifestyles and demanding work environments have heightened the risk of such diseases, fueling demand for fish oil as a preventive and therapeutic supplement.
• Expansion of the aquaculture industry:
  The aquaculture sector is experiencing rapid growth, largely driven by the decline in populations of several marine species. This trend is expected to accelerate the demand for fish oil, which plays a critical role in aquafeed to support the sustainable cultivation of fish and other aquatic species.
• Growing health awareness among consumers:
  Increasing consumer awareness regarding the health benefits of omega-3 fatty acids, including their role in heart health, brain function, and overall well-being, is further boosting fish oil consumption. This heightened focus on preventive healthcare and dietary supplements is expected to sustain strong market growth during the forecast period.

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Emerging Technologies Shaping the Fish Oil Market

One of the most significant opportunities driving the fish oil market is the continuous wave of technological advancements in encapsulation, refining, and formulation technologies. Modern innovations, such as DSM’s high-concentrate omega-3 oils, have introduced solutions that offer reduced oxidation, enhanced stability, and greater bioavailability. These improvements not only extend shelf life but also increase consumer satisfaction by ensuring higher nutrient absorption and better efficacy.

Additionally, advancements in microencapsulation technologies are enabling fish oil to be incorporated into a broader range of functional food and beverage products without compromising taste or odor. This is helping manufacturers cater to a wider audience, particularly health-conscious consumers seeking convenient omega-3 supplementation through everyday diets.

The rising clinical validation of omega-3 supplements, especially their ability to reduce the risk of sudden cardiac death, improve brain health, and support inflammatory response, is further strengthening consumer trust in fish oil-based products. At the same time, the integration of vegan and plant-based omega-3 alternatives, such as algae-derived oils, is expanding the product portfolio and attracting vegetarian and sustainability-focused consumers.

Moreover, sustainable sourcing practices such as improved fishery management systems, traceability technologies, and circular economy models are being adopted to address overfishing concerns and environmental challenges. These measures not only improve brand credibility but also align with global sustainability goals, making fish oil products more appealing in developed markets with stricter regulatory frameworks.

Case Study – Rising Applications of Fish Oil Across Food, Nutraceuticals, and Pharmaceuticals

The fish oil market primarily revolves around omega-3 fatty acid products, notably EPA (eicosapentaenoic acid) and DHA (docosahexaenoic acid), extracted from marine sources such as anchovy, sardine, mackerel, tuna, cod liver, and, in some formulations, krill-derived alternatives. These are commercialized in multiple forms including bulk oils, refined concentrates, ethyl esters, triglyceride/formulated oils, encapsulated dietary supplements (softgels, liquids), pharma-grade omega-3 therapeutics, infant nutrition ingredients, and through ingredient services such as refining, molecular distillation, and GMP-certified manufacturing. The applications span across dietary supplement brands, nutraceuticals and OTC products, functional food and beverage fortification, pharmaceuticals, and animal feed industries.

Market expansion is being propelled by a combination of factors:

• Rising health and wellness awareness: Consumers are increasingly recognizing the health benefits of omega-3 fatty acids, particularly in cardiovascular, cognitive, and joint health.
• Growing medical applications: Fish oil is witnessing higher adoption in the pharmaceutical sector, where omega-3 derivatives are being used in prescription-grade therapeutics targeting cardiovascular diseases, triglyceride management, and inflammatory disorders.
• Demographic shifts: The growing geriatric population is boosting demand for preventive health solutions, including omega-3 supplementation.
• Innovation and product development: Rising investments in refining technologies, encapsulation techniques, and vegan alternatives are driving innovation across end-use sectors.
• Expansion in companion animal nutrition: The increasing demand for pet food formulations and veterinary supplements enriched with omega-3 fatty acids is adding to market opportunities.
• Aquaculture growth: A rapidly expanding aquaculture industry is fueling fish oil demand as a critical input for aquafeed, ensuring the sustainable cultivation of fish and shrimp.
• Sustainability and functional foods: Consumer preference for responsibly sourced products and the rising adoption of functional food and beverages fortified with omega-3 are further accelerating market momentum.

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Recent Fish Oil Latest News

• Omega Protein Collaboration (May 2025): Omega Protein partnered with a leading biotech firm to develop advanced lipid purification systems, aimed at elevating EPA/DHA concentrations to clinical-grade levels for its nutraceutical product lines. The company also launched a pilot program utilizing enzymatic hydrolysis technology, designed to enhance fish oil extraction efficiency, reduce oxidation, and ultimately improve both yield and product stability.
• Industry Consolidation in Peru: In a major consolidation move, Corpesca S.A. acquired significant assets of Pesquera Diamante, strengthening its raw material base and significantly expanding its export capacity. This acquisition reinforces Peru’s role as a global hub for anchovy-derived fish oil, while also intensifying competitive dynamics among key South American suppliers.
• These developments reflect broader industry trends of technological innovation and supply-chain consolidation, both of which are expected to shape the competitive landscape of the fish oil market over the coming years.

Leading Fish Oil Suppliers

The global fish oil market is moderately consolidated, dominated by a mix of well-established leaders and agile emerging players. Key players are strengthening their market positions through vertical integration, sustainable practices, and technological advancements.

Established Market Leaders

• Omega Protein Corporation continues to reinforce its leadership by expanding its product portfolio, with a strong focus on enhancing omega-3 concentration levels for nutraceutical, pharmaceutical, and pet food industries. Its vertically integrated marine operations and proprietary refining technologies provide it with a significant competitive edge.
• TripleNine Group A/S and FF Skagen A/S are actively investing in sustainable sourcing initiatives and fish-byproduct valorization technologies, aligning their strategies with global sustainability trends.
• Pesquera Diamante and Corpesca S.A., both operating out of Peru, are leveraging the country’s strong anchovy landings to strengthen their positions in global supply.
• Pesquera Exalmar is focusing on capacity expansion and export growth, with a particular emphasis on supplying to the fast-growing Asian markets.

Recent Developments in the Fish Oil Market

The fish oil market has witnessed several notable product launches and approvals in 2025:

• Rasayanam: In April 2025, launched its 100% Plant-Based Omega-3 Supplement, offering a vegan-friendly solution for health-conscious consumers (The Tribune).
• Corbion: In July 2025, secured regulatory approvals in China for its algae-based omega-3 DHA solution, catering to both animal and human nutrition markets (AquaFeed).
• GC Rieber VivoMega: In February 2025, introduced Algae 1060 TG Premium, a nutraceutical innovation rich in EPA and DHA derived from algae (Nutraceutical Business Review).
• These developments highlight the market’s shift toward sustainable sourcing, innovation, and consumer inclusivity.

Fish Oil Market Top Key Players

The fish oil market is highly competitive, with a mix of established global players and emerging innovators. Key companies include:

• Aker BioMarine
• BASF (Nutrition Ingredients Division)
• Croda International plc
• GC Rieber Oils/PolarOil
• KD Pharma
• Koninklijke DSM
• Lysi hf.
• Maruha Nichiro Corporation
• Mowi ASA
• NBTY / Nature’s Bounty
• Pharmavite
• Polaris
• Omega Protein
• BASF/Cargill partnerships

Competition is intensifying as firms innovate in high-purity formulations, plant-based omega-3s, and sustainability certifications, catering to evolving consumer preferences.

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Segmentation Analysis

The fish oil market can be segmented across multiple dimensions:

By Product Form/Format

• Bulk crude fish oil (industrial/compounding use)
• Refined fish oil (FFA, TG, EE forms)
• Concentrated omega-3 oils (high-EPA, high-DHA)
• Pharmaceutical-grade EPA/DHA (prescription formulations)
• Encapsulated supplements (softgels, chewables)
• Liquid/emulsion formulations (pediatric and infant nutrition)
• Fortified food & beverage blends
• Krill oil and alternative blends

By Source Species/Raw Material

• Small pelagic fish (anchovy, sardine, mackerel)
• Tuna and cod liver oil
• Krill oil (Euphausia superba)
• Algal oil (vegan DHA substitute)
• Mixed/blended marine oils

By Chemical/Concentration Type

• Natural triglyceride (TG) oils
• Ethyl ester (EE) concentrates
• Re-esterified TG (rTG)
• Free fatty acids (FFA)
• Phospholipid-bound omega-3s (krill)

By Purity/Quality Grade

• Industrial grade (feed applications)
• Food-grade (refined for F&B use)
• Nutraceutical grade (GMP-certified)
• Pharmaceutical/USP-grade
• Organic/sustainably certified

By Application/End Use

• Dietary supplements (OTC retail)
• Pharmaceuticals (hypertriglyceridemia treatment)
• Infant and maternal nutrition (DHA fortification)
• Functional foods and beverages
• Aquaculture and animal feed
• Personal care and cosmetics

Regional Outlook

• North America: Mature market with strong demand for supplements and prescription omega-3 drugs.
• Europe: Focus on sustainability and certified sourcing, with high penetration in nutraceuticals.
• Asia Pacific: Fastest-growing region, driven by population growth, rising incomes, and aquaculture expansion.
• Latin America: Rich source of raw materials (e.g., anchovy in Peru), critical to global supply chains.
• Middle East & Africa (MEA): Gradual adoption in supplements and fortified foods.

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Future Outlook

The global fish oil market is at a pivotal stage of growth, driven by consumer awareness of omega-3 health benefits and innovations in sustainable sourcing. While challenges such as raw material volatility and regulatory hurdles remain, the future points toward diversification into plant-based alternatives, high-concentration formulations, and broader applications across pharmaceuticals, nutraceuticals, and aquaculture.

With a projected CAGR of 8.5% from 2025 to 2034, the market promises significant opportunities for both established leaders and emerging disruptors.

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