The fish oil market was valued at $2.67 billion in 2023 and is estimated to reach $5.67 billion by 2035, exhibiting a CAGR of 6.5% from 2023 to 2035.
Fish oil is derived from the tissues of oily fish that contain omega-3 fatty acids, such as eicosapentaenoic acids (EPA) and docosahexaenoic acids (DHA). Omega-3 fatty acids are largely used in the segments of aquaculture, animal nutrition & pet feed, supplements & functional food, pharmaceuticals, and others. Moreover, omega-3 fatty acid also helps in improving the cardiovascular system and also plays a major role in proper functioning of the nervous system. The growing awareness among medical professionals and public about the importance of omega-3 fatty acids has led to significant increase in fish oil consumption. Therefore, the companies are now expanding their nutraceutical product line with the addition of concentrated EPA and DHA. The rising demand of EPA and DHA in human nutrition has made a notable impact on the global fish oil market.
Moreover, increase in technology development has ensured that aquaculture remains sustainable and has minimal environmental impacts. In addition, developments like on-land recirculating aquaculture systems, aquaponic systems, offshore systems and the use of information technology has boosted the aquaculture industry globally. Hence, surge in technology level in aquaculture industry is the major factor driving the fish oil market in terms of value sales. However, the rising volume of fish oil consumption in human nutrition creates a supply threat for aquaculture feed. Moreover, due to adverse environmental factors and regulatory impositions on fishing, the companies are unable to fulfill the demand-supply gap. The rising demands and lack of supply are primarily responsible for increasing costs of fish oil.
Boost in supply is improving affordability and availability of fish oil for human nutrition, though demand, especially from aquaculture, continues to rise. Modern extraction methods like molecular distillation, enzymatic hydrolysis, green extraction, and supercritical fluid extraction are improving purity, safety, and sustainability by reducing contaminants and oxidation. The aquaculture sector benefits from enzymatic and coldpress techniques that preserve omega3 integrity while minimizing environmental impact. Innovations in encapsulation technology protect omega-3 oils from degradation, enhance taste, and enable targeted delivery for specific health needs like cognitive or joint support.
Manufacturers are focusing on ultrarefined, odorless, and encapsulated fish oil products, optimized for both human and animal nutrition, with traceability systems and digital delivery models. The integration of IoT and blockchain is enhancing real-time monitoring, traceability, and regulatory compliance across the fish oil supply chain.
The fish oil market is segmented into species, application, and region. By species, the market is categorized into anchovy, mackerel, sardines, cod, herring, menhaden, and others. By application, it is classified into aquaculture, animal nutrition & pet food, pharmaceuticals, supplements & functional food and others. Aquaculture is further segmented as sub-type into salmon and trout, marine fish, crustaceans, tilapias, eels, cyprinids, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the fish oil industry include Omega Protein Corporation, FMC Corporation, Copeinca AS, Corpesca SA, Colpex International, TripleNine Group A/S, FF Skagen A/S, Pesquera Diamante S.A., Marvesa Holding N.V. and Pesquera Exalmar.
Fish oil is derived from the tissues of oily fish that contain omega-3 fatty acids, such as eicosapentaenoic acids (EPA) and docosahexaenoic acids (DHA). Omega-3 fatty acids are largely used in the segments of aquaculture, animal nutrition & pet feed, supplements & functional food, pharmaceuticals, and others. Moreover, omega-3 fatty acid also helps in improving the cardiovascular system and also plays a major role in proper functioning of the nervous system. The growing awareness among medical professionals and public about the importance of omega-3 fatty acids has led to significant increase in fish oil consumption. Therefore, the companies are now expanding their nutraceutical product line with the addition of concentrated EPA and DHA. The rising demand of EPA and DHA in human nutrition has made a notable impact on the global fish oil market.
Moreover, increase in technology development has ensured that aquaculture remains sustainable and has minimal environmental impacts. In addition, developments like on-land recirculating aquaculture systems, aquaponic systems, offshore systems and the use of information technology has boosted the aquaculture industry globally. Hence, surge in technology level in aquaculture industry is the major factor driving the fish oil market in terms of value sales. However, the rising volume of fish oil consumption in human nutrition creates a supply threat for aquaculture feed. Moreover, due to adverse environmental factors and regulatory impositions on fishing, the companies are unable to fulfill the demand-supply gap. The rising demands and lack of supply are primarily responsible for increasing costs of fish oil.
Boost in supply is improving affordability and availability of fish oil for human nutrition, though demand, especially from aquaculture, continues to rise. Modern extraction methods like molecular distillation, enzymatic hydrolysis, green extraction, and supercritical fluid extraction are improving purity, safety, and sustainability by reducing contaminants and oxidation. The aquaculture sector benefits from enzymatic and coldpress techniques that preserve omega3 integrity while minimizing environmental impact. Innovations in encapsulation technology protect omega-3 oils from degradation, enhance taste, and enable targeted delivery for specific health needs like cognitive or joint support.
Manufacturers are focusing on ultrarefined, odorless, and encapsulated fish oil products, optimized for both human and animal nutrition, with traceability systems and digital delivery models. The integration of IoT and blockchain is enhancing real-time monitoring, traceability, and regulatory compliance across the fish oil supply chain.
The fish oil market is segmented into species, application, and region. By species, the market is categorized into anchovy, mackerel, sardines, cod, herring, menhaden, and others. By application, it is classified into aquaculture, animal nutrition & pet food, pharmaceuticals, supplements & functional food and others. Aquaculture is further segmented as sub-type into salmon and trout, marine fish, crustaceans, tilapias, eels, cyprinids, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the fish oil industry include Omega Protein Corporation, FMC Corporation, Copeinca AS, Corpesca SA, Colpex International, TripleNine Group A/S, FF Skagen A/S, Pesquera Diamante S.A., Marvesa Holding N.V. and Pesquera Exalmar.
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Key Market Segments
By Species
- Anchovy
- Mackerel
- Sardines
- Cod
- Herring
- Menhaden
- Others
By Application
- Aquaculture
- Sub-type
- Salmon and Trout
- Marine fish
- Crustaceans
- Tilapias
- Eels
- Cyprinids
- Others
- Animal Nutrition and Pet food
- Pharmaceuticals
- Supplements and Functional food
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- Denmark
- Norway
- Belgium
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Viet Nam
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Copeinca AS
- Colpex International S.A.C
- FF Skagen A/S
- Pesquera Exalmar
- Corpesca SA
- Pesquera Diamante S.A.
- FMC Corporation
- Omega Protein Corporation
- Marvesa Holding N.V.
- TripleNine Group A/S
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FISH OIL MARKET, BY SPECIES
CHAPTER 5: FISH OIL MARKET, BY APPLICATION
CHAPTER 6: FISH OIL MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
- Copeinca AS
- Colpex International S.A.C
- FF Skagen A/S
- Pesquera Exalmar
- Corpesca SA
- Pesquera Diamante S.A.
- FMC Corporation
- Omega Protein Corporation
- Marvesa Holding N.V.
- TripleNine Group A/S
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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