The Global Fish Oil Market is on track for sustained, moderate growth, according to the latest in-depth industry analysis from Facts & Factors. The report, titled “Fish Oil Market Size, Share Global Analysis Report, 2026-2034”, published in February 2026, offers a detailed examination of this vital sector supplying omega-3 fatty acids for human nutrition, animal feed, and pharmaceuticals.
Market Overview and Projections
The global fish oil market was valued at USD 3.4 billion in 2025. It is projected to reach USD 5.12 billion by 2034, expanding at a compound annual growth rate (CAGR) of 4.66% throughout the forecast period from 2026 to 2034.
This growth is underpinned by persistent demand for EPA and DHA omega-3 fatty acids, which support cardiovascular health, cognitive function, inflammation control, and overall wellness benefits widely promoted through scientific research, healthcare professionals, and mainstream wellness trends.
Key Market Drivers
- Increasing consumer health consciousness and preventive healthcare focus, boosting uptake of omega-3 supplements and fortified foods.
- Strong expansion of the aquaculture industry, where fish oil remains a critical ingredient in high-performance aquafeed to improve fish growth, health, and fillet quality.
- Rising incorporation of omega-3s into functional foods, beverages, and dietary supplements.
- Greater accessibility through e-commerce channels, enabling wider reach to health-focused consumers globally.
Challenges and Restraints
- Sustainability and environmental concerns, including overfishing risks, ecosystem impacts, and regulatory quotas that can constrain wild-catch supply.
- Supply volatility from seasonal fishing patterns, climate variability, and geopolitical factors, contributes to raw material price fluctuations.
- Growing competition from plant-based omega-3 alternatives (e.g., algal oil, flaxseed derivatives), which appeal to vegan, vegetarian, and eco-conscious consumers.
Growth Opportunities
- Continued aquaculture expansion and adoption of sustainable farming practices to secure reliable, high-quality supply.
- Innovation in algal-based omega-3 production as an environmentally friendly, scalable alternative to traditional fish sources.
- Development of high-concentration formulations, enzymatic purification advancements, and sustainable certification programs (e.g., MSC) to meet premium and regulatory demands.
- Penetration into emerging functional food categories and veterinary/pet nutrition segments.
Emerging Trends
- Shift toward algal-sourced omega-3s for sustainability and vegan compatibility.
- Emphasis on high-purity, concentrated EPA/DHA products.
- Increased integration into everyday functional foods and beverages.
- Adoption of traceability and eco-certification to build consumer trust.
Market Segmentation Highlights (2025 Data)
- By Source – Anchovy led with 32% market share, favored for its high omega-3 concentration and reliable supply from sustainable fisheries (e.g., Peru). Cod ranked second for premium, pharmaceutical-grade applications.
- By Application – Aquaculture dominated at 35%, driven by its essential role in farmed fish nutrition and performance. Supplements & Functional Food followed closely, fueled by human health trends.
- By End-User – Adults accounted for 45% share, reflecting broad use in dietary supplements targeting heart, brain, and joint health. Veterinary/pet applications ranked second, supported by growing pet wellness spending.
Regional Landscape
- Europe held the leading position with 38% market share in 2025, supported by strict sustainability regulations, advanced processing capabilities, high consumer demand for certified supplements, strong aquaculture integration, and emphasis on traceability (e.g., MSC standards). Germany stands out in pharmaceutical uses.
- Asia-Pacific emerges as the fastest-growing region, propelled by massive aquaculture output (especially in China), rising middle-class health awareness, government support for feed programs, India’s supplement market expansion, and Japan’s focus on premium products for aging populations.
Other regions show steady to emerging potential:
- North America benefits from wellness trends, regulatory backing for health claims, and strong retail/supplement channels.
- Latin America leverages export-oriented production (e.g., Peru’s anchoveta, Chile’s salmon farming).
- Middle East & Africa advance through nutritional programs and livestock/pet feed demand.
Competitive Landscape and Recent Developments
Major players shaping the industry include Omega Protein Corporation, Pelagia AS, Croda International Plc, BASF SE, DSM, GC Rieber, Copeinca AS, TripleNine Group A/S, FF Skagen A/S, Marvesa Holding N.V., and others. These companies prioritize sustainable sourcing, capacity expansion, and innovation in purification and alternative formulations.
Notable recent activity:
- May 2025 – IFFO reported a 5% rise in global fish oil production through July, aided by improved yields in key regions, stabilizing supply for nutraceutical and aquafeed sectors.
- November 2025 – Peruvian authorities established a 1.63 million metric ton quota for the second fishing season, balancing sustainability with growing global demand.
- 2025 – Omega Protein Corporation commissioned a new integrated processing facility in Virginia, boosting high-quality output and supporting U.S. domestic/export needs.
For the complete report, detailed tables, and additional analysis, visit: https://www.fnfresearch.com/fish-oil-market
The fish oil market remains a cornerstone of the omega-3 supply chain, bridging traditional marine resources with modern health and aquaculture demands. While sustainability pressures and alternative sources introduce challenges, ongoing innovation, regulatory alignment, and expanding end-use applications position the sector for resilient, value-driven growth through 2034.
