What is fish oil?
Fish oil is a type of oil, it is extracte from fatty fish. It’s rich in eicosapentaenoic acid (EPA), docosahexaenoic acid (DHA). Various N-3 polyunsaturated fatty acids (N-3 PUFAs), all essential unsaturated fatty acids. EPA can clean blood vessels, soften them, and boost immunity, earning it the nickname “vascular scavenger.” DHA is commonly used by pregnant women and infants. Taking DHA promotes normal brain growth and development, contributing to its so-called brain-boosting and intelligence-enhancing properties, earning it the nickname “brain gold.”And the fish oil supplement can help you maintain body functions.
Fish oil market size and future growth trend forecast
According to research and analysis, rising health awareness is driving the expansion of the fish oil market. Consumers are becoming more aware of the cardiovascular and immune-modulating benefits of unsaturated fatty acids like omega-3 fatty acids. Also, this is driving increased penetration of dietary supplements and functional foods. Advances in raw material processing and purification are improving product quality and application scenarios, driving steady demand growth. The global fish oil market reached 25.3 billion yuan in 2025 and is projected to continue expanding at a compound annual growth rate of 4.68%, reaching 34.8 billion yuan by 2032.
The global fish oil market is highly competitive
Major manufacturers such as TripleNine Group A/S, FF Skagen A/S, Havsbrún, Austevoll Seafood ASA, TASA, Pesquera Diamante SA, Copeinca, Pesquera Exalmar, Pesquera Hayduk, Pesquera Centinela SAC, Camanchaca, Fiordo Austral Group, Orizon SA, Corpesca SA, Pioneer Fishing, Oceana Group, Nissui Group, Eskja, Omega Protein Corporation, United Marine Products, Animalfeeds International Corporation, and Yashaswi Fish Meal and Oil Company constitute the main competitors in the market, and the top five manufacturers together account for approximately 16% of the market share.
Several representative companies in the fish oil market.
TripleNine Group A/S
TripleNine Group A/S: Headquartered in Esbjerg, Denmark, TripleNine Group A/S is one of the world’s leading suppliers of fishmeal and fish oil. However, With production facilities in Denmark, Norway, and Chile, the group sells its products to over 40 countries worldwide, generating annual revenue of approximately DKK 1.5 billion and employing approximately 250 people. More importantly,the company is dedicate to transforming marine resources into high-quality nutritional and functional feed ingredients. Its applications include aquaculture, livestock farming, pet food, and fish oil capsules for humans. In fact, Its core competencies lie in sustainable sourcing and strict quality control. All raw materials are sourced from fisheries that meet FAO and ICES standards. What’s more, it holds international certifications. Such as MarinTrust, ensuring traceability of the environmentally responsible production process.
FF Skagen A/S
FF Skagen A/S is one of Denmark’s leading fishmeal and fish oil producers, exporting to over 60 countries worldwide. The company specializes in producing high-quality feed ingredients for aquaculture, agriculture, mink farming, and pet food. Moreover, it has over 60 years of industry experience. Leveraging its port location, FF Skagen achieves efficient coordination across raw material receiving, processing, and logistics, making it a key node in the Danish fishmeal and fish oil supply chain.
Havsbrún
Located in the Faroe Islands, Havsbrún is a modern company specializing in the production of fishmeal, fish oil, and fish feed. At the same time, the company primarily supplies feed for the group’s own aquaculture system, with a smaller share of exports. Equipped with advanced quality testing laboratories and collaborating closely with local and international research institutions, the company ensures that the nutritional value and safety of its raw materials and finished products meet high industry standards. Since its acquisition by the Bakkafrost Group in 2011, Havsbrún has become a vital link in the group’s supply chain, solidifying its position at the heart of Nordic aquaculture and feed production.
Austevoll Seafood ASA
Founded in 1981, Austevoll Seafood ASA originates from the Møgster family’s traditional fishing industry in Ostvoll, Norway. Now listed on the Oslo Stock Exchange, the company operates globally in the fishing and processing sectors, holding subsidiaries such as Lerøy Seafood, Pelagia, and Austral. Its operations encompass the entire supply chain, including wild-caught fisheries, fishmeal and fish oil production, canned and frozen fish products, and salmon farming. With an annual catch of 350,000 to 450,000 tons, Austevoll Seafood ASA is one of Europe’s leading producers of whitefish and salmon.
TASA
Founded in 2002, TASA is Peru’s leading manufacturer of marine ingredients and high-value-added products. Also, it is the world’s largest producer and exporter of fishmeal and fish oil. With over 2,800 employees, the company’s mission is to “Secure the Nutrition of the Future.” Its product line includes fishmeal, crude oil, and highly concentrated omega-3 fish oil, with an annual output exceeding 50,000 tons. In addition, the company is equip with advance automate freezing, storage, and shipbuilding and repair facilities, efficiently supporting the entire fishing and processing chain.
A Panoramic Analysis of the Regional Layout of the Global Fish Oil Market
According to analysis, fish oil categorize into three industrial applications. Like，feed-grade fish oil, food-grade fish oil, and pharmaceutical-grade fish oil. Feed-grade fish oil is primarily used in aquaculture, pet food, and some livestock and poultry feeds. Its rich ω-3 fatty acid and high energy content improve the nutritional value of feed and animal growth efficiency. Despite the expansion of the global aquaculture industry, feed-grade fish oil maintains a stable consumption and holds a dominant position in the overall market share .
Food-grade fish oil undergoes higher standards of purification and deodorization and is widely used in functional foods, baked products and dietary supplements to meet consumers’ needs for cardiovascular health, immune regulation and nutritional supplements. In recent years, because increase health awareness and the popularization of mid-to-high-end nutritional products, so market activity has increased significantly.
Pharmaceutical-grade fish oil, produce using pharmacopoeia standards or GMP processes. It is use in prescription drugs, clinical nutritional preparations, and foods for special medical purposes. It boasts high purity and bioavailability of EPA and DHA, and boasts high R&D investment and product value-added. Driven by trends in chronic disease management and precision nutrition, it is experiencing the fastest growth. While feed-grade fish oil remains the largest category in terms of both production and consumption, pharmaceutical-grade fish oil demonstrates the greatest growth potential and growth rate, driving the industry’s upgrade towards higher purity and functionality.
Downstream applications
From the perspective of downstream applications, the application areas of fish oil cover aquatic feed, food and beverages, dietary supplements, and cosmetics and beauty products, with different functions and demand characteristics.
Aquaculture feed is a traditional consumer of fish oil, primarily used to provide essential fatty acids to farmed fish and crustaceans, enhancing growth and disease resistance. Amidst the continued expansion of global aquaculture, this sector maintains a stable and substantial demand base. In food and beverages, fish oil is often added to functional dairy products, baked goods, and nutritional drinks to improve nutritional profiles and enhance health benefits, leading to increasing market acceptance. Dietary supplements are the most active area for fish oil consumption growth, leveraging the cardiovascular and cognitive benefits of ingredients like EPA and DHA, as well as their anti-inflammatory properties. Diversified formulations and the widespread adoption of online sales are driving rapid expansion.
In cosmetics and beauty products, fish oil use in skin lotions, serums, and protective cosmetics, capitalizing on its moisturizing, antioxidant, and repairing properties to penetrate the mid- to high-end market. Aquaculture feed currently accounts for the largest share of fish oil consumption, while dietary supplements are the fastest-growing application, driven by rising health awareness, an aging population, and growing demand for preventative health care among younger consumers.
Conclusion
Overall, the global fish oil market will reach 25.3 billion yuan by 2025. As market demand evolves, the scale of the fish oil market expect to continue to grow. Advances in production technology will enhance product quality and its multifunctional applications.
