A recent report published by Infinium Global Research on fish oil market provides in-depth analysis of segments and sub-segments in the global as well as regional fish oil market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional fish oil market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global fish oil market.
Fish oil is derived from the tissues of oily fish and is rich in omega-3 fatty acids, primarily EPA and DHA, which are essential for cardiovascular health, cognitive development, and anti-inflammatory functions. Fish oil is widely used in dietary supplements, pharmaceuticals, functional foods, animal nutrition, and personal care products. The global fish oil market is witnessing steady growth due to increasing consumer awareness regarding the health benefits of omega-3 fatty acids. Rising demand for preventive healthcare solutions, coupled with growing consumption of dietary supplements, is positively influencing market growth. Additionally, technological advancements in purification and refining processes are improving product quality and expanding application scope. Sustainability initiatives and certified sourcing practices are emerging as key trends within the market.
The global fish oil market is primarily driven by growing awareness of the health benefits associated with omega-3 fatty acids, particularly in cardiovascular health, brain function, and inflammation management. Increasing prevalence of lifestyle-related diseases and a rising focus on preventive healthcare are accelerating the demand for fish oil-based dietary supplements and functional food products. Furthermore, the pharmaceutical industry continues to adopt high-purity fish oil for therapeutic applications, supporting market expansion. However, the market faces challenges related to fluctuating raw material availability due to overfishing concerns and stringent fishing regulations imposed by environmental authorities. These factors may impact supply consistency and pricing. Nonetheless, significant growth opportunities exist in aquaculture and animal feed applications, where fish oil is widely used to enhance nutritional value and improve animal health. Continuous innovation in sustainable sourcing and alternative omega-3 solutions is expected to further support market growth over the forecast period.
Based on species, the global fish oil market is segmented into traditional pelagic & demersal species, tuna, salmon, pangasius, and tilapia. Among the segments, Traditional pelagic and demersal species held the highest market share of more than 68% in 2025. This dominance is primarily attributed to the abundant availability and high oil yield of species such as anchovy, sardine, mackerel, and menhaden, which are widely used for large-scale fish oil extraction. These species are typically harvested in significant volumes, particularly in regions such as South America and Northern Europe, ensuring a stable and cost-effective supply chain.
Based on application, the global fish oil market is segmented into human consumption, aquaculture, pet food, and others. Among the segments, the aquaculture segment dominated the market for fish oil with a revenue share of 62% in 2025. This is primarily driven by the extensive use of fish oil as a key ingredient in aquafeed formulations. Fish oil is a critical source of long-chain omega-3 fatty acids, particularly EPA and DHA, which are essential for optimal growth, feed efficiency, immune function, and overall health of farmed fish and shrimp.
Europe holds the largest share of the global fish oil market, accounting for approximately 38–40% of total market revenue. The region benefits from strong consumer awareness of nutritional supplements, well-established pharmaceutical and nutraceutical industries, and stringent quality standards. Countries such as Norway, Denmark, and Germany play a key role due to their advanced fish oil processing capabilities and high consumption of omega-3 products. Asia-Pacific is projected to witness the fastest growth rate during the forecast period. Rapid population growth, rising disposable income, and increasing demand for fortified foods and dietary supplements are driving market expansion in China, India, and Japan. Additionally, the region's growing aquaculture industry is significantly boosting demand for fish oil as a key feed ingredient, further accelerating market growth.
• June 2024 – GC Rieber VivoMega has opened a new omega-3 manufacturing facility in Norway. This new facility has doubled our production capacity for high-quality triglyceride-form omega-3 EPA and DHA, as well as for our certified vegan EPA and DHA algal oils.
• In March 2024, Pelagia acquired 100% of Ideal Foods Limited and its subsidiaries. Headquartered in Cornwall, Ideal Foods specializes in trading fish, shellfish, and co-products globally. Its subsidiary, Ideal Nutritional Foods, supplies fish products to top baby food producers.
| Report Coverage | Details |
|---|---|
| Market Size in 2023 | USD 3.06 Billion |
| Market Size by 2032 | USD 4.79 Billion |
| Growth Rate from 2024 to 2032 | CAGR of 5.20% |
| Largest Market | Europe |
| No. of Pages | 180 |
| Market Drivers |
|
| Market Segmentation | By Species, and By Application |
| Regional Scope | North America, Europe, Asia Pacific, and RoW |
The report on global fish oil market provides a detailed analysis of segments in the market based on Species, and Application.
· Traditional Pelagic & Demersal Species
· Tuna
· Salmon
· Pangasius
· Tilapia
· Human Consumption
· Aquaculture
· Pet Food
· Others
· BASF SE
· Oceana Group Ltd.
· Croda International Plc
· GC Rieber VivoMega AS
· Pelagia AS
· DSM-Firmenich AG
· Sürsan
· Omega Protein Corporation
· Triplenine Group A/S
· OLVEA Group
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the fish oil market. Moreover, the study highlights current market trends and provides forecasts from 2024-2032. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.