Global Fish Oil Market Size is Expected to Grow to $4623.15 Million by 2029

Global Fish Oil Market Overview

According to Global Market Monitor, the global fish oil market size was $3189.28 million in 2023 and is expected to grow to $4623.15 million by 2029.Fish oil is a great source of various nutrients such as EPA, DHA, Omega 6, and Omega 3 fatty acids, which are rich in vitamins A and D that help control high blood pressure, cholesterol levels, and triglyceride levels, keep your heart young, and keep your arteries healthy.

Regional Market Status

The expanding aquaculture industry around the world, especially in developing countries such as India, China, and Indonesia, has also led to an increasing demand for fish oil due to cheap labor and the availability of large bodies of water. Asia Pacific is expected to be the fastest-growing market, with a CAGR of nearly 7% from 2021 to 2026.

Market Segment

Anchovy oil is rich in Omega-3 fatty acids, which are essential for heart health, help control triglyceride levels, keep arteries healthy by reducing the likelihood of plaque formation, and can also control high blood pressure, this type of fish oil is widely used in the pharmaceutical industry. With the high incidence of heart disease, arthritis, osteoarthritis, autoimmune diseases, and kidney disease, cod liver oil is becoming increasingly popular.

Fish oil can be used in several fields such as aquaculture, pharmaceuticals, animal nutrition, pet food, supplements, and functional foods. Among them, supplements and functional foods are expected to dominate the market during the forecast period. Increasing awareness of the need for additional vitamins through various supplements and functional foods is a major driver of the expanding demand for fish oil. In addition, the rising prevalence of various chronic diseases, heart disease, and kidney failure is driving consumer demand for supplements and functional foods containing various fish oils.

By Type	Anchovy
	Sardine
	Herring
	Codfish
	Others
	Anchovies account for the largest market share.
By Application	Aquaculture
	Pharmacy
	Animal Nutrition
	Pet Food
	Supplements and Functional Foods
	Supplements and functional foods dominate the application areas.

For more industry information, please refer to our latest released "2023 Global Fish Oil Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".