The Blue Economy Boost: Fish Oil’s Role in Sustainable Marine Markets From 2025-2032

Fish Oil Market size is expected to reach USD 3.97 billion by 2032. The industry is undergoing a transformation driven by increasing demand for durable, high-performance industrial components across various sectors.

Market to Hit USD 3.97 Bn by 2032

Fish Oil Market size was valued at USD 2.50 billion in 2024 and expected to expand at a compound annual growth rate (CAGR) of 5.9% from 2025-2032, reaching USD 3.97 billion by 2032. In 2024, Fish Oil Market Size was valued at approximately USD 1.19 billion in North America and its Market share of 30%. Also, in Europe held a market share of 24% in the same year, equating to revenues of USD 952 million in 2024. 

Leading market Players Fueling Industry Evolution

In 2024, Omega Protein Corporation is estimated as being valued USD 360.8 million, while FF Skagen A/S is worth USD 63.3 million and Pesquera Diamante S.A. is worth USD 492.5 million. The top five players, including Omega Protein, collectively hold about 45% of the market share.

Anchovy oil is dominated by Product segment in terms of value, in 2024

This Anchovy oil sector dominates the Fish Oil Market which, the segment value was at USD 1.5 billion in 2024. Global anchovy-based fish oil output increased by 10% in 2024. compared to 2023. The Anchovy Fish Oil is followed by the Salmon Fish oil holding the second largest market share. 

To know the most attractive segments, click here for a free sample of the report: https://www.stellarmr.com/report/req_sample/Fish-Oil-Market/1602 

Aquaculture is dominated by Product segment in terms of value, in 2024

This Aquaculture sector dominates the Fish Oil Market which, the segment value was at USD 2.3 billion holding with 70% of market share in 2024. Aquaculture provides a controlled environment to meet the rising seafood demand, further elevating the importance of fish oil in fish feed.

North America is estimated to be the Second-largest dominating region in terms of value, during the forecast period

This is the second largest region in Fish Oil Market which the valued at approximately USD 1.19 billion in North America and its Market share of 30% in 2024. FDA and USDA’s regulatory actions and health recommendations in 2024 have significantly shaped the fish oil market by ensuring product safety and quality, promoting health benefits, and influencing consumption patterns.​

Asia Pacific is estimated to be the largest dominating region in terms of value, during the forecast period

This is the largest region in Fish Oil Market which the valued at approximately USD 1.90 billion in North America and its Market share of 34% in 2023. Countries like China, Japan, and India are major consumers of fish oil, primarily due to their robust aquaculture industries.

Fish Oil Market Competitive Landscape

Omega Protein Corporation: Omega Protein specializes on using menhaden to produce fish-based products, such as fish oil and fish meal. In 2024, the company is worth USD 360.8 million revenue. 

FF Skagen A/S: FF Skagen A/S is a prominent producer of refined fish oil for use in industrial processes, dietary supplements, and aquaculture feed. In 2024, company is generated USD 63.3 million in sales. Company is still committed to growing its worldwide footprint and using sustainable production methods. To satisfy a wide range of consumer demands, the company places a strong emphasis on quality and innovation in its fish oil products.

Pesquera Diamante S.A.: Pesquera Diamante is a prominent Peruvian enterprise that produces fishmeal and fish oil, primarily from anchovy fisheries. In 2024, the company’s total revenue is estimated to be USD 492.5 million. Pesquera Diamante S.A. is a major player in the fish oil market, with its products adding to the global supply of omega-3 fatty acids.

To know the most attractive segments, click here for a free sample of the report: https://www.stellarmr.com/report/req_sample/Fish-Oil-Market/1602 

Emerging Trends in the Fish Oil Market

• Omega Protein has been extending its plant-based oils in addition to marine sources, with the goal of addressing nutrition and sustainability. FF Skagen A/S has also stressed the value of refined fish oil in a variety of applications, with a focus on purity and omega-3 content. Furthermore, Pesquera Diamante is profiting on the rising aquaculture business by expanding its fishmeal and fish oil production, particularly in Peru. 
• The trend toward plant-based alternatives, as well as innovations extraction processes like as molecular distillation, are altering the market, while growing interest in nutraceuticals and omega-3 supplements is driving expansion. 
• To remain competitive in the fast-changing fish oil industry, these companies are constantly researching new technology and sustainable practices.

Conclusion

• the fish oil market is set to experience significant growth, driven by increasing demand in aquaculture and health-conscious consumer trends. The market, valued at USD 2.50 billion in 2024, is projected to reach USD 3.97 billion by 2032, expanding at a 5.9% CAGR. 
• Leading players like Omega Protein, FF Skagen, and Pesquera Diamante are driving industry innovation, particularly in sustainable sourcing and refined fish oil production. 
• Asia Pacific remains the dominant region, while North America and Europe continue to hold substantial market shares. As the market evolves, companies are focusing on new technologies and sustainability to maintain their competitive edge in this dynamic sector.

Related Reports:

Semiconductor Clean Room Instruments Market https://www.stellarmr.com/report/Semiconductor-Clean-room-Instruments-Market/1995

Bar Soap Market https://www.stellarmr.com/report/Bar-Soap-Market/1996

About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

Contact Stellar Market Research:

S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
[email protected]