Fish Oil Market Analysis: Key Players, Competitive Landscape, and Strategic Insights
The global fish oil market size is expected to reach USD 4.20 billion by 2030, expanding at a CAGR of 4.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing demand for omega 3 along with rising aquaculture activities is expected to propel growth over the forecast period. Increasing health benefits of fish oil is expected to drive demand among food, and pharmaceutical manufacturers. Rising consumer awareness regarding benefits of the product for overall health and skin is expected to augment demand. However, presence of substitutes including beef, and pork along with high prices of fish oil is expected to hinder industry growth over the next seven years. Adoption of modern aquaculture practice will open new opportunities for market expansion over the forecast period. Fish Oil Market Report Highlights The aquaculture segment dominated the market for fish oil with a revenue share of 59.6% in 2023. The global...