Fish oil demand is surging, driven by widespread recognition of omega‑3’s health benefits, rising chronic disease rates, and growing geriatric populations. Expanding aquaculture, functional food trends, and supportive regulations also fuel growth. The global Fish Oil market, valued at USD 2.5 billion in 2024, is projected to reach USD 4.0 billion by 2033, exhibiting a CAGR of 5.16% from 2025 to 2033.

Study Assumption Years

• BASE YEAR: 2024
• HISTORICAL YEARS: 2019–2024
• FORECAST YEARS: 2025–2033

Fish Oil Market Key Takeaways

• The market was USD 2.5 B in 2024 and is forecast to reach USD 4.0 B by 2033, growing at a 5.16% CAGR.
• Europe leads market shares due to high omega-3 awareness and strong aquaculture use.
• Source types include Anchoveta, Sardine, Capelin, Menhaden, Herring, Anchovy, and Others
• Distribution channels: Hypermarkets & Supermarkets, Specialty stores, Online stores, and Others
• End‑use segments: Aquaculture (salmon/trout, marine fish, crustaceans, tilapias, others), Animal Feed, Nutritional Supplements, Pharmaceutical, Others
• Expansion fuelled by rising health consciousness, omega-3 inclusion in functional foods, and sustainable product innovations.

Market Growth Factors

1. Combining Omega-3 and Probiotics – The New Frontier in Gut and Brain Wellness

Growing understanding of omega-3 benefits - cardiovascular support, cognitive function, and anti-inflammatory properties - drives consumer demand. The aging global population and increasing chronic disease rates, such as CVD and diabetes, amplify this trend. Consumers are turning to fish oil supplements and functional foods to maintain health, boosting market volumes. Further, public health campaigns and media coverage reinforce awareness, leading to sustained market growth through 2033

2. Aquaculture and Pet Nutrition: How Fish Oil Bridges Two Booming Markets?

The expansion of aquaculture significantly contributes to market demand, as fish oil is used in aquafeed to enhance nutritional quality in farmed species like salmon and trout. Additionally, rising interest in pet nutrition incorporates fish oil for animal health. Combined with expanding disposable incomes and e-commerce-enabled distribution, this end-use segment continues to underpin steady market growth in developed and emerging regions

3. Can Algae Replace Fish? Exploring Plant-Based Alternatives to Traditional Fish Oil

The industry is seeing innovations in purification techniques and sustainable sourcing, enabling high-purity and environmentally‑friendly fish oil products. Manufacturers invest in eco-certified production, aligning with regulatory mandates on contaminants and sustainable fishing. This shift supports premiumization and consumer trust. Concurrently, governments are supporting aquaculture and dietary supplement sectors, incentivizing R&D and reinforcing growth through 2033.

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Market Segmentation

Breakup by Source:

• Anchoveta
• Sardine
• Capelin
• Menhaden
• Herring
• Anchovy
• Others

Breakup by Distribution Channel:

• Hypermarkets and Supermarkets
• Specialty Stores
• Online Stores
• Others

Breakup by End Use:

• Aquaculture
• Salmon and Trout
• Marine Fish
• Crustaceans
• Tilapias
• Others
• Animal Feed
• Nutritional Supplements
• Pharmaceutical
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Regional Insights

Europe leads the global fish oil market, driven by strong consumer awareness of omega-3 benefits, a robust aquaculture industry, and well-developed supply chains. These factors, combined with supportive policies and sustainability trends, have positioned Europe as the dominant regional market

Recent Developments & News

Key trends include increasing production of high-purity fish oil and sustainable formulations, responding to consumer demand for premium and eco-friendly supplements. Manufacturers are linking fish oil with functional foods and beverages. Algal and vegan omega‑3 alternatives are emerging, reflecting personalized nutrition and sustainability priorities. These innovations are reshaping product offerings and reinforcing market momentum.

Key Players

• Aker BioMarine ASA
• DSM‑Firmenich (partnered with SCN BestCo)
• Carlson Laboratories Inc.
• Nordic Naturals Inc.
• NOW Foods

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