Global Fish Oil Market Set to Surpass USD 3.81 Billion by 2033, Driven by Rising Demand for Omega-3 Supplements

Fish Oil Market Overview 2025-2033

The global fish oil market is experiencing significant growth, driven by increased consumer awareness of its health benefits, rising demand across various industries, and a continuous emphasis on sustainable sourcing. Due to its dynamic and diverse nature, the fish oil market is projected to grow at a compound annual growth rate (CAGR) of 5.74% from 2025 to 2033. This growth is expected to raise the market value from $2.31 billion in 2024 to $3.81 billion by 2033.

Fish oil, extracted from the fat tissues of oily fish, is a rich source of omega-3 fatty acids, primarily eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA). These essential nutrients are widely used across various industries, including aquaculture, animal nutrition, pet food, dietary supplements, functional foods, and pharmaceuticals.

Omega-3 fatty acids play a crucial role in supporting cardiovascular and neurological health. Their increasing presence in human diets has significantly impacted the global fish oil market. A key driver of this market growth is the advancement of aquaculture technologies, which have enabled more efficient and sustainable fish oil production.

The U.S. Department of Agriculture (USDA) recommends that individuals consume at least 227 grams of fish each week due to its high content of fatty acids. Unhealthy lifestyle choices are increasing the risk of cardiovascular diseases among Americans. To help manage high triglyceride levels, it is advised to consume 4 grams of omega-3 fatty acids daily.

Key Information Covered in the Report

• Base Year - 2024

• Historical Period - 2021–2024

• Market Forecast - 2025–2033

• Market - US$ Billion

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Fish Oil Market Drivers

The Aging Global Population

The aging global population is another major factor driving demand. Older adults are increasingly adopting preventive health measures to address age-related conditions such as heart disease, cognitive decline, vision impairment, and joint degeneration. Omega-3 fatty acids are recognized for their effectiveness in reducing the risk of chronic illnesses among the elderly. For instance, in Japan, where over 25.9% of the population is aged 65 or older, fish oil consumption is notably high due to its cardiovascular benefits.

Medical Advancements

Innovations in medical technology have further boosted the market. Recent developments include the incorporation of fish oil-derived compounds into cardiovascular implants, enhancing their functionality and therapeutic value. These advancements are contributing to the steady rise in global fish oil market revenue and its compound annual growth rate (CAGR).

Fish Oil Market Trends

1. Rising Awareness of Health Benefits Associated with Omega-3 Fatty Acids

A significant driver of the fish oil market is the growing awareness of the health benefits linked to omega-3 fatty acids, which are plentiful in fish oil. Omega-3s are essential for maintaining cardiovascular health, supporting brain function, and reducing inflammation. They contain heart-friendly triglycerides that help lower blood pressure, decrease triglyceride levels, and prevent fat buildup in arteries.

Moreover, omega-3s have been shown to effectively manage arthritis and other inflammatory conditions due to their strong anti-inflammatory properties. Public health campaigns and extensive media coverage have played a crucial role in educating consumers, further increasing the demand for fish oil products.

2. Increasing Prevalence of Chronic Diseases

The rising incidence of chronic diseases is another critical factor driving the fish oil market. Changes in lifestyle and demographic patterns have led to a surge in conditions such as cardiovascular diseases (CVDs), diabetes, arthritis, and mental health disorders. According to the Centers for Disease Control and Prevention (CDC), approximately 29.7 million people in the U.S.—or 8.9% of the population—were diagnosed with diabetes in 2021.

Fish oil, rich in omega-3 fatty acids, has demonstrated therapeutic potential in both the prevention and management of these chronic illnesses. As the global burden of such diseases continues to increase, the demand for fish oil as a functional and preventive health supplement is expected to rise steadily.

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Fish Oil Market Restraints

1. Adverse Climate Conditions

One of the main challenges facing the fish oil market is the impact of adverse weather patterns, particularly the El Niño phenomenon. El Niño is characterized by elevated sea surface temperatures and high atmospheric pressure in the central and eastern Pacific, which disrupts global weather systems. This leads to excessive rainfall, temperature fluctuations, and changes in ocean conditions that negatively affect coastal agriculture and fisheries, especially in developing nations.

El Niño hampers the upwelling of cold, nutrient-rich waters, which are essential for sustaining fish populations. Consequently, fish migrate to deeper waters, resulting in reduced catch volumes in key fishing regions such as Chile, Peru, Iceland, Denmark, and Norway. Additionally, transportation and logistics in these coastal areas become more challenging and expensive, further straining supply chains.

2. Demand-Supply Imbalance

The growing demand for omega-3 fatty acids in pharmaceuticals, nutraceuticals, and aquaculture feed is putting pressure on fish oil supplies. As consumption rises, particularly in health supplements and functional foods, the availability of fish oil for aquaculture feed becomes increasingly limited. This imbalance is further exacerbated by environmental challenges and fishing restrictions, making it difficult for producers to meet market demand.

The result is price volatility, driven by high demand and constrained supply. This instability poses a significant barrier to consistent market growth, particularly for smaller manufacturers and emerging markets.

3. Stringent Government Regulations

The fish oil industry is also subject to strict regulatory frameworks imposed by national and international authorities. Companies must obtain multiple permits from agencies such as the Ministry of Production and the Ministry of Environment, which can delay or limit production.

In regions like the European Union, regulatory bodies have implemented Total Allowable Catches (TACs) and national quotas to ensure sustainable fishing practices. While these measures aim to protect marine ecosystems, they also restrict the availability of raw fish for oil extraction, leading to production shortfalls.

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Key Insights into the Fish Oil Industry

Croda International plc

Croda International is a UK-based specialty chemicals company with a strong presence in the life sciences sector. Through its Incromega brand, Croda offers high-quality fish oil concentrates designed for nutritional applications. These products are manufactured using the company’s proprietary PureMax™ purification technology, which involves multiple refining steps to ensure exceptional purity and high concentrations of omega-3 fatty acids. Incromega products are featured in various consumer health supplements, including Pregna DHA and Doppelherz A-Z, which cater to prenatal and general wellness needs.

Pelagia AS

Pelagia is a leading producer of pelagic fish-based products for both human consumption and animal nutrition. The company supplies a wide range of ingredients, including fishmeal, protein concentrates, and fish oil, which are used across the aquaculture and livestock feed industries. Under its Epax brand, Pelagia offers omega-3 supplements in various concentrations tailored to different nutritional requirements. In addition to human health products, Pelagia provides marine-based feed solutions such as marine protein and marine oil, reinforcing its role as a comprehensive supplier in the fish oil value chain.

Recent Developments

GC Rieber VivoMega Expands Production Capacity

In June 2024, GC Rieber VivoMega inaugurated a cutting-edge omega-3 manufacturing facility in Norway. This state-of-the-art plant is designed to operate entirely on 100% renewable energy and is expected to double the company’s production capacity for triglyceride marine omega-3s and vegan algal oils. This expansion aims to meet the increasing global demand for high-quality omega-3 supplements while reinforcing the company's commitment to sustainability.

Pelagia Acquires Ideal Foods Limited

In March 2024, Pelagia announced the acquisition of Ideal Foods Limited, a UK-based seafood trading company. This strategic move is intended to enhance Pelagia’s global supply chain capabilities and market presence. By leveraging synergies with Ideal Foods, Pelagia aims to innovate further in the utilization of seafood co-products and strengthen its position in the international fish oil and seafood markets.

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Conclusion

The global fish oil market is at the forefront of a health and wellness revolution, driven by rising consumer awareness, expanding applications, and a commitment to sustainability. As the market continues to grow, industry leaders are focused on innovation, responsible sourcing, and meeting the diverse needs of consumers and industries worldwide. The future of fish oil is bright, with opportunities for growth and positive impact across health, nutrition, and sustainability.

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