Fish Oil Market Size, Share, Growth and Industry Analysis, By Types (Feed Grade Fish Oil, Food Grade Fish Oil, Pharma Grade Fish Oil), By Applications (Aqua-feed, Food & Beverages, Dietary Supplements, Cosmetic & Beauty Products), Regional Insights and Forecast to 2034

Fish Oil Market Size

The Global Fish Oil Market was valued at USD 3,095 Million in 2024 and is projected to reach USD 3,224.99 Million in 2025 and USD 3,360.44 Million in 2026, ultimately expanding to USD 4,670.23 Million by 2034 at a CAGR of 4.2% from 2025 to 2034. Growth is driven by increasing demand for omega-3-rich aquafeed, rising consumer health awareness, and expanding applications in dietary supplements and pharmaceuticals. Currently, over 60% of fish oil demand is generated by aquafeed applications, with Europe and Asia-Pacific holding significant regional shares. Additionally, more than 25% of consumers are now seeking higher-purity and premium-grade products, reflecting a clear market shift toward specialized formulations and advanced nutritional solutions.

In the US Fish Oil Market, robust growth is observed as the country accounts for over 16% of the global market share. Nearly 44% of US consumers regularly purchase fish oil supplements, reflecting increasing health and wellness trends. The US also leads in product innovation, with more than 12% of global new launches originating from this region. Demand from aquafeed and food applications has grown by over 8% in the last year, while over 35% of US fish oil imports are used in dietary supplement manufacturing, indicating a solid outlook for continued expansion and market leadership.

Key Findings

• Market Size: Valued at USD 3,095 million in 2024, projected at USD 3,224.99 million in 2025, reaching USD 4,670.23 million by 2034 with a CAGR of 4.2%.
• Growth Drivers: Over 60% of demand from aquafeed; 28% growth in nutraceuticals; 18% rise in health-focused product launches; 23% sustainable sourcing.
• Trends: 25% shift to premium products; 27% innovation in purity; 31% targeting Asia-Pacific; 22% new food applications; 35% regional share in Europe.
• Key Players: TripleNine, TASA, Omega Protein Corporation, Austevoll Seafood ASA, Pesquera Diamante S.A. & more.
• Regional Insights: Europe leads with 35% market share, driven by aquafeed and supplements. Asia-Pacific holds 32% with strong aquaculture growth. North America captures 21% from high supplement usage. Middle East & Africa accounts for 12% with rising aquaculture investments.
• Challenges: 18% supply chain disruptions, 27% shift to alternatives, 24% regulatory impact, 16% competition, 20% price volatility.
• Industry Impact: 35% rise in health awareness, 28% investment in processing, 14% expansion in capacity, 23% focus on eco-friendly solutions.
• Recent Developments: 14% facility expansions, 22% technology innovation, 19% traceability programs, 16% rise in distribution, 11% new launches.

The fish oil market is evolving rapidly with increasing innovation, premium product demand, and sustainability practices. With over 60% of market demand from aquafeed and 25% growth in high-purity omega-3, the industry is adapting to shifting consumer preferences, expanding into new application areas, and maintaining a global presence with strong competition among key players.

Fish Oil Market Trends

The fish oil market is experiencing dynamic changes as consumer awareness about omega-3 fatty acids continues to rise. More than 60% of global fish oil is used in aquaculture, reflecting strong growth in fish farming and feed sectors. Human consumption makes up around 30% of the fish oil market, as demand for nutritional supplements increases. The pharmaceutical segment now captures approximately 15% of the market, with consumers associating fish oil with benefits for heart, brain, and joint health. Animal nutrition applications account for about 10%, underscoring fish oil’s broad application range. In terms of regional dominance, Europe holds close to 35% of the fish oil market share, while Asia-Pacific accounts for about 32%, highlighting significant regional demand. Additionally, over 25% of consumers now prefer concentrated omega-3 fish oil products, fueling innovation and competition across the fish oil market.

Fish Oil Market Dynamics

DRIVERS

Rising Health Awareness

The fish oil market is benefiting from a 35% rise in health-conscious consumers seeking omega-3 benefits through fish oil products and supplements, directly boosting demand in multiple end-use sectors.

OPPORTUNITY

Expansion in Aquafeed Applications

With aquafeed using about 60% of global fish oil supply, the fish oil market is poised for continued growth. A 22% rise in aquaculture-related demand underscores increasing opportunities for suppliers and producers across the fish oil value chain.

RESTRAINTS

"Supply Chain Limitations"

Supply chain issues remain a key restraint for the fish oil market, with over 18% of producers reporting regular disruptions in raw material sourcing. Environmental regulations affect approximately 24% of fish oil manufacturing operations, leading to a decline in fish oil extraction efficiency. Sustainability concerns are increasing, as nearly 27% of stakeholders are shifting towards alternative omega-3 sources, which could impact the traditional fish oil market growth trajectory.

CHALLENGE

"Volatility in Raw Material Prices"

The fish oil market faces significant challenges from fluctuating raw material prices, as nearly 30% of market participants cite high price volatility as a major hurdle. These fluctuations impact profit margins, with more than 20% of fish oil processors experiencing reduced profitability due to unpredictable supply costs. Additionally, around 16% of end-users have shifted to plant-based or synthetic alternatives, intensifying competition and market uncertainty.

Segmentation Analysis

The fish oil market is segmented based on type and application, each demonstrating unique growth patterns and market dynamics. Feed grade fish oil dominates with the largest share due to its widespread use in aquaculture and animal nutrition. Food grade fish oil sees rising demand from health-conscious consumers, while pharma grade fish oil is expanding within the nutraceutical and pharmaceutical sectors. In 2025, the global fish oil market size is projected to reach USD 3,224.99 million, with significant shares held by feed grade, food grade, and pharma grade segments. Each segment is forecasted to register varying growth rates, with CAGR values reflective of demand across different end-use applications, including aquafeed, dietary supplements, and pharmaceuticals.

By Type

Feed Grade Fish Oil

Feed grade fish oil dominates the global fish oil market due to its vital use in aquaculture and animal nutrition. This type supports rapid growth and health in farmed fish and livestock, accounting for more than 60% of total fish oil consumption. The sector benefits from the increasing demand for high-nutrition aquafeed and expansion in commercial fish farming activities.

Feed grade fish oil held the largest share in the fish oil market, accounting for USD 1,786 million in 2025, representing 55.4% of the total market. This segment is expected to grow at a CAGR of 4.0% from 2025 to 2034, driven by rising aquaculture production, improved feed formulations, and enhanced animal health awareness.

Major Dominant Countries in the Feed Grade Fish Oil Segment

• Norway led the feed grade fish oil segment with a market size of USD 465 million in 2025, holding an 18% share and expected to grow at a CAGR of 4.1% due to its robust aquaculture industry and technological advancements.
• Chile followed with a market size of USD 362 million, capturing a 14% share and a projected CAGR of 3.9%, supported by strong fish farming exports and favorable regulatory policies.
• Peru secured a USD 309 million market size, holding a 12% share and a CAGR of 3.8%, attributed to rich marine resources and consistent supply in the global fish oil market.

Food Grade Fish Oil

Food grade fish oil is in high demand among health-conscious consumers seeking omega-3-rich diets and dietary supplements. Its applications include functional foods, beverages, and direct consumption. The rising awareness of health benefits and the preference for premium, purified products are fueling the growth of this segment globally.

Food grade fish oil held a significant share in the fish oil market, accounting for USD 967 million in 2025, representing 30% of the total market. This segment is projected to grow at a CAGR of 4.5% during 2025-2034, supported by increasing consumption of health foods, rising dietary supplement usage, and demand for clean-label nutrition products.

Major Dominant Countries in the Food Grade Fish Oil Segment

• United States led the food grade fish oil segment with a market size of USD 215 million in 2025, holding a 13% share and a CAGR of 4.7%, due to its large dietary supplement market and health-conscious population.
• Japan captured a market size of USD 182 million, securing an 11% share with a CAGR of 4.6%, driven by high omega-3 intake and premium product demand.
• Germany achieved a market size of USD 145 million, representing a 9% share and a CAGR of 4.4%, thanks to strong demand for functional foods and healthy eating trends.

Pharma Grade Fish Oil

Pharma grade fish oil is recognized for its exceptional purity, making it suitable for pharmaceutical and nutraceutical applications. It is commonly used in medical-grade omega-3 products, cardiovascular supplements, and clinical research. Increased investments in health innovation and scientific validation of omega-3 benefits are propelling this premium segment.

Pharma grade fish oil represented a smaller but fast-growing share in the market, accounting for USD 471 million in 2025, or 14.6% of the total market. It is expected to achieve a CAGR of 4.9% from 2025 to 2034, fueled by expanding clinical trials, regulatory approvals, and rising consumer trust in pharmaceutical-grade supplements.

Major Dominant Countries in the Pharma Grade Fish Oil Segment

• China led the pharma grade fish oil segment with a market size of USD 98 million in 2025, holding a 9% share and a CAGR of 5.0%, thanks to rapid growth in the pharmaceutical industry and rising healthcare investments.
• India followed with a market size of USD 73 million, capturing a 7% share and a CAGR of 4.8%, propelled by increasing awareness of preventive health and expanding supplement markets.
• France posted a market size of USD 63 million, representing a 6% share and a CAGR of 4.7%, due to strong demand for clinical-grade nutraceuticals and premium omega-3 products.

By Application

Aqua-feed

Aqua-feed is the leading application in the fish oil market, driven by its critical role in the nutrition of farmed fish species such as salmon, trout, and shrimp. More than 60% of global fish oil demand comes from this sector, as aquaculture expands to meet rising seafood consumption and supply chain demands worldwide.

In 2025, the aqua-feed segment is projected to hold a market share of 57% in the global fish oil market and is expected to grow at a CAGR of 4.2% from 2025 to 2034, fueled by increased fish farming and innovation in feed formulas.

Top 3 Major Dominant Countries in the Aqua-feed Segment

• Norway led the aqua-feed segment with a market size of USD 435 million in 2025, holding a 16% share and expected to grow at a CAGR of 4.3% due to advanced aquaculture technology and high per capita fish consumption.
• Chile ranked second with a 13% share, driven by robust salmon farming and strong export markets, growing at a projected CAGR of 4.1%.
• China held an 11% share in the aqua-feed segment, benefitting from its massive aquaculture sector and rising demand for efficient feed, with a CAGR of 4.0%.

Food & Beverages

The food & beverages application reflects rising consumer interest in nutrition and health, with fish oil used in fortified foods, beverages, and functional products. This segment benefits from trends toward healthier diets and the integration of omega-3 in daily meals.

In 2025, food & beverages is expected to represent about 17% of the global fish oil market, and is projected to register a CAGR of 4.4% from 2025 to 2034, driven by demand for fortified foods and innovation in the food industry.

Top 3 Major Dominant Countries in the Food & Beverages Segment

• United States led this segment with a market size of USD 125 million in 2025, accounting for a 7% share and growing at a CAGR of 4.6%, due to high demand for functional and fortified foods.
• Germany held a 5% share, supported by consumer interest in healthy eating and strong food innovation, with a CAGR of 4.5%.
• Japan secured a 4% share, propelled by a tradition of omega-3-rich diets and advancements in product formulations, with a projected CAGR of 4.3%.

Dietary Supplements

Dietary supplements form a vital application of fish oil, valued for heart, brain, and joint health benefits. This segment is driven by preventive healthcare trends, and by consumer awareness regarding the benefits of omega-3 fatty acids, leading to significant growth in supplement formulations.

In 2025, the dietary supplements application is expected to capture 19% of the global fish oil market and will see a CAGR of 4.8% from 2025 to 2034, as health-conscious consumers increasingly adopt fish oil capsules and liquids.

Top 3 Major Dominant Countries in the Dietary Supplements Segment

• United States led with a market size of USD 195 million in 2025, holding an 11% share and a CAGR of 5.0%, driven by widespread supplement use and proactive health management.
• China held an 8% share, reflecting growth in healthcare products and nutraceutical demand, with a CAGR of 4.9%.
• United Kingdom maintained a 6% share, thanks to strong preventive health culture and supplement penetration, with a CAGR of 4.7%.

Cosmetic & Beauty Products

Cosmetic & beauty products use fish oil for its essential fatty acids, antioxidants, and moisturizing properties. Growing demand for natural and bioactive ingredients in skin and haircare is fueling expansion in this segment, as consumers seek products with visible health benefits.

Cosmetic & beauty products are forecasted to make up 7% of the fish oil market in 2025, with a CAGR of 4.6% from 2025 to 2034, driven by increased preference for natural cosmetic formulations and rising disposable incomes.

Top 3 Major Dominant Countries in the Cosmetic & Beauty Products Segment

• France led with a market size of USD 45 million in 2025, holding a 3% share and a CAGR of 4.8%, owing to a strong beauty sector and a shift to natural ingredients.
• South Korea held a 2% share, driven by its innovative skincare market and consumer interest in new beauty trends, with a CAGR of 4.7%.
• Brazil secured a 2% share, supported by the popularity of natural beauty products and growth in the cosmetics industry, with a CAGR of 4.5%.

Fish Oil Market Regional Outlook

The Fish Oil Market demonstrates significant regional diversity, with each region contributing unique strengths to overall market dynamics. Europe holds the largest share at 35%, owing to a robust aquaculture sector and strong demand for omega-3 supplements. Asia-Pacific follows with a 32% share, driven by rapid industrialization in aquafeed and expanding consumer health markets. North America accounts for 21% of global fish oil sales, reflecting advanced dietary supplement adoption and increasing focus on natural ingredients. The Middle East & Africa region represents 12%, benefitting from growing investments in aquaculture and increasing health awareness. The combined market share across these four regions covers 100%, highlighting a balanced but distinctly led global fish oil industry.

North America

In North America, the fish oil market is shaped by a high demand for dietary supplements and functional foods. The United States accounts for a dominant portion of regional consumption, reflecting advanced nutrition awareness and significant omega-3 supplement penetration. North America holds a 21% market share of the global fish oil market, translating to strong influence in both health and wellness and aquafeed sectors. Canada and Mexico are also showing increased uptake in aquafeed and specialty oils, driving regional diversity and competitive growth within the market.

North America is projected to reach a market size of USD 677 million in 2025, representing 21% of the global market. Key trends include premiumization of fish oil products, rising demand for plant-based alternatives, and innovations in encapsulation technologies.

North America - Major Dominant Countries in the Fish Oil Market

• United States led North America with a market size of USD 522 million in 2025, holding a 16% share and expected to grow at a CAGR of 4.3%, driven by strong supplement sales and health-conscious consumer base.
• Canada ranked second with a market size of USD 93 million, representing 3% share, supported by rising aquafeed consumption and investments in fish farming, with a CAGR of 4.2%.
• Mexico followed, holding a 2% share with a market size of USD 62 million, driven by growing demand for fortified food products and aquaculture development, with a CAGR of 4.1%.

Europe

Europe remains the global leader in the fish oil market, benefitting from advanced aquaculture technology and high consumer awareness of omega-3 health benefits. Demand is particularly strong in Norway, Denmark, and Germany, with aquafeed and dietary supplements making up the bulk of regional consumption. Europe commands a 35% market share, attributed to strong regulatory frameworks, sustainability initiatives, and established processing facilities. Increasing focus on high-purity and pharma-grade fish oil products is also enhancing market value across Europe.

Europe is projected to achieve a market size of USD 1,128 million in 2025, holding 35% of the global market. The region is witnessing steady demand growth, increased investment in research, and premiumization across end-user applications.

Europe - Major Dominant Countries in the Fish Oil Market

• Norway led Europe with a market size of USD 465 million in 2025, holding a 14% share, driven by world-leading aquaculture infrastructure and high fish oil production.
• Denmark followed with a market size of USD 180 million, capturing a 6% share, due to its strong processing sector and innovation in fish oil refining.
• Germany held a 5% share with a market size of USD 161 million, supported by robust supplement consumption and functional food product launches.

Asia-Pacific

Asia-Pacific is experiencing dynamic growth in the fish oil market, fueled by rapid expansion in aquafeed manufacturing, growing health-conscious populations, and increased government focus on nutrition. China, Japan, and India are the key markets, driving volume growth across both aquaculture and dietary supplements. Asia-Pacific accounts for 32% of the global fish oil market, reflecting a balanced mix of industrial and consumer applications. Demand for fish oil-enriched foods and pharmaceuticals is rising sharply, contributing to the market’s momentum.

Asia-Pacific is projected to reach USD 1,032 million in 2025, securing a 32% share of the global market. The segment is bolstered by large-scale aquaculture operations and increasing product innovation in food and supplement sectors.

Asia-Pacific - Major Dominant Countries in the Fish Oil Market

• China led Asia-Pacific with a market size of USD 320 million in 2025, accounting for 10% share, driven by large-scale aquaculture and rising nutraceutical demand.
• Japan held a 7% share, with a market size of USD 225 million, supported by high omega-3 consumption in daily diets and strong supplement uptake.
• India followed, capturing a 5% share and a market size of USD 161 million, owing to expansion in health supplements and aquaculture development.

Middle East & Africa

The Middle East & Africa fish oil market is emerging as an important growth region, supported by increasing investments in aquaculture and a rising shift toward health and wellness products. Countries such as Egypt, South Africa, and Saudi Arabia are investing in fish farming and developing robust supply chains for fish oil applications. The region holds a 12% share of the global fish oil market, benefitting from heightened demand for both feed and human nutrition applications.

Middle East & Africa is forecasted to reach a market size of USD 387 million in 2025, representing 12% of the global market. Trends include expansion of local fish processing, new aquaculture projects, and growing awareness of omega-3 benefits in health and beauty products.

Middle East & Africa - Major Dominant Countries in the Fish Oil Market

• Egypt led Middle East & Africa with a market size of USD 97 million in 2025, holding a 3% share, due to rapid aquaculture growth and increasing investments in fish farming.
• South Africa followed with a market size of USD 65 million, accounting for a 2% share, supported by fish processing advancements and increased supplement consumption.
• Saudi Arabia held a 2% share and a market size of USD 58 million, driven by rising consumer health focus and new aquaculture initiatives.

List of Key Fish Oil Market Companies Profiled

Investment Analysis and Opportunities in Fish Oil Market

The fish oil market continues to attract significant investments as more than 28% of global producers report increased capital inflows for expanding manufacturing facilities and upgrading refining technologies. Aquaculture remains the top investment segment, with over 60% of new projects focused on enhancing feed quality and sustainability. Pharmaceutical and nutraceutical sectors are also gaining momentum, representing more than 18% of total industry investments. Key investors are focusing on high-purity omega-3 extraction and environmentally friendly processing, as 23% of stakeholders are prioritizing sustainable sourcing. Nearly 31% of market entrants are targeting the Asia-Pacific region, leveraging strong demand in dietary supplements and functional foods. Overall, rising consumer awareness and increasing demand for specialized fish oil products are creating lucrative opportunities for market players and investors across regions.

New Products Development

New product development in the fish oil market is accelerating, with more than 35% of companies launching innovative formulations tailored to health-conscious consumers. Around 27% of recent product launches feature enhanced purity and higher omega-3 concentrations, targeting premium and pharmaceutical-grade applications. The food and beverage sector accounts for nearly 22% of new fish oil-infused product introductions, including functional foods and fortified drinks. In the beauty and cosmetics industry, over 9% of new product launches incorporate fish oil for skin nourishment and anti-aging benefits. Additionally, companies are increasingly focusing on sustainable packaging and traceability, with about 18% of new products highlighting eco-friendly sourcing. This surge in innovation is supporting strong differentiation in the market, with brands responding quickly to evolving consumer trends and dietary needs.

Recent Developments

• TASA Expansion: In 2024, TASA expanded its fish oil processing facilities, boosting overall capacity by 14%. This move supported increased supply to both aquafeed and pharmaceutical markets and enhanced export potential.
• Omega Protein New Extraction Technology: Omega Protein Corporation introduced a new molecular distillation technology, improving omega-3 concentration by 22% and reducing processing time, making their products more attractive for dietary supplement manufacturers.
• Pesquera Diamante Sustainability Initiative: Pesquera Diamante S.A. launched a traceability and sustainable sourcing program, impacting over 19% of its supply chain and attracting new clients from eco-conscious markets.
• FF Skagen A/S Product Launch: FF Skagen A/S released a high-purity, low-odor fish oil product targeting infant nutrition, accounting for 11% of the company’s 2024 new product sales.
• Havsbrún Collaboration: Havsbrún formed a strategic partnership with leading aquaculture firms, resulting in a 16% rise in feed-grade fish oil distribution across Northern Europe in 2024.

Report Coverage

This Fish Oil Market report offers comprehensive coverage of current market trends, competitive landscape, regional analysis, key drivers, and opportunities for growth across the entire value chain. Over 60% of the market is concentrated in aquafeed applications, demonstrating strong alignment with global aquaculture trends. Approximately 35% of the market share is held by European countries, with Asia-Pacific and North America following at 32% and 21%, respectively. The report includes detailed profiles of more than 20 leading manufacturers, accounting for over 75% of global fish oil production and supply. Advanced extraction methods, new product innovations, and sustainability practices are thoroughly analyzed, with 23% of industry participants investing in eco-friendly solutions. The report assesses fish oil applications across feed, food, pharmaceutical, and cosmetic sectors, reflecting more than 90% of total market demand. Recent developments, including a 14% expansion in processing capacity among leading players and an 18% increase in investment in high-purity omega-3 products, are also featured. Market segmentation, consumer behavior trends, and regional demand shifts are mapped to help stakeholders identify new opportunities. The study ensures up-to-date market intelligence by analyzing more than 50% of market data sourced directly from industry participants, supporting informed decision-making for investors, manufacturers, and policymakers.