Fish Oil Market

How Big is the Fish Oil Market in 2026?

According to FMI's report, the fish oil market size will reach USD 1.9 Billion in 2026. Valuation of the fish oil market stood at USD 1.8 Billion in 2025.

The fish oil market is expected to record a 6.0% CAGR between 2026 and 2036. Sales of fish oil will reach USD 3.4 Billion by 2036.

Demand for fish oil will grow owing to increasing use of refined omega-3 oils in supplements and medical nutrition through 2036. In June 2026, FAO reported that aquaculture produced 103 million tonnes of aquatic animals in 2024, or 53% of total aquatic animal production. As a result, volume sales from aquafeed market as salmon and shrimps need diets with marine long-chain omega-3.

Increasing demand for fish oil in emerging markets with rising access to nutritional products and awareness about preventive healthcare trends will unlock new opportunities for fish oil producers. Latest trends in food and beverage industry with food fortification will also support steady sales for fish oil during the forecast period.

Key Takeaways of Fish Oil Market

• Feed grade will account for 64.9% of fish oil grade revenue in 2026.
• Sales of refined fish oil will hold 43.6% of process revenue in 2026.
• Key fish oil suppliers include TASA, Omega Protein, OLVEA, KD Pharma Group, GC Rieber VivoMega, Golden Omega, Epax, and Hofseth BioCare.
• Sales potential will remain high for oil from salmon trimmings and other by-products.

Analyst Perspective

“Feed mills will keep taking most of the fish oil sold each year, and salmon diets will hold that volume in place through 2036.”

- Nandini Roy Choudhury, Principal Consultant, Future Market Insights

How is the Fish Oil Market Segmented?

The fish oil market is segmented into Grade, Process, Packaging, and Region.

The fish oil market uses three segments with region as the geographic split.
Grade covers feed, pharma, and food fish oil.
Process covers refined, crude, and modified oil.
Packaging covers drum, glass bottle, vacuum pack, plastic bottle, tinned cans, and others.

Why Does Feed Grade Lead the Fish Oil Market by Grade?

Feed grade will account for 64.9% market share in 2026.

As global demand for protein-rich animal products rises, feed-grade fish oil consumption expands proportionally. Growth of aquaculture, particularly salmonid farming, depends on feed formulations containing 15-25% fish oil. This increases demand for feed-grade fish oil.

• Adoption of fish oil in the fish feed market will increase for salmon and marine species. Feed grade will hold 64.9% of fish oil grade revenue in 2026.
• FAO's 2026 fisheries report put aquaculture's share at 53% of total aquatic animal production in 2024, reflecting continued expansion of salmon and shrimp farming globally.

What Makes Refined Fish Oil the Leading Process Segment?

By process, refined oil is projected to account for 43.6% share in 2026.

Refined fish oil has emerged as the dominant process segment within the global fish oil market due to a combination of health-driven demand, stringent quality requirements, technological advancements, regulatory pressures, and sustainability trends. Refined fish oil leads the process segment in the global market because it bridges raw fish oil extraction and high-value applications, offering unparalleled safety, purity, efficacy, and regulatory compliance. Sales of modified fish oil will remain smaller, with concentrate makers supplying the omega-3 concentrates market with high-EPA and high-DHA oils in ethyl ester and triglyceride form.

• Refined oil will hold 43.6% of process revenue in 2026.
• In 2024, the Codex Alimentarius Commission amended Standard CXS 329-2017. It will set identity and quality provisions for named fish oils and concentrated fish oils.

Why are Drums the Most Used Packaging in the Fish Oil Market?

Based on packaging, drums are widely popular with an estimated sales potential of 37.6% share in 2026.

Fish oil is highly prone to oxidation, which degrades omega-3 fatty acids (EPA/DHA), causing rancidity and off-flavors. Drums offer an ideal balance between size, weight, and transport efficiency.

Drums dominate fish oil packaging because they maximize oil integrity, facilitate bulk handling, comply with strict regulatory standards, and minimize logistics cost. Specialized liners, tight sealing, and standardized sizing make them uniquely suitable for oxidation-sensitive, high-volume marine oils.

• Drum packaging will hold 37.6% of fish oil packaging revenue in 2026. Demand will increase as bulk ingredient buyers need sealed containers with lot control.
• In April 2026, Golden Omega released the 2025 Sustainability Report. It describes packing omega-3 concentrate in stainless steel drums under an inert atmosphere before distribution.

What are the Drivers, Restraints, and Opportunities in the Fish Oil Market?

Rising health consciousness and preventive healthcare trends drive demand for dietary supplements, functional foods, and pharmaceutical applications. Market growth is also supported owing to the adoption of high-purity fish oil in cardiac, anti-inflammatory, and cognitive therapeutics.

• Driver: New opportunities will rise as fish oil is entering pet nutrition, functional foods, and pharmaceuticals.
• Restraint: Sourcing sustainable fish oil can increase operational costs and limit market access for smaller producers.
• Opportunity: Focused R&D on omega-3 benefits may unlock new regulatory-approved therapeutic uses.

Expansion into preventive healthcare and wellness products represents significant growth potential. Growth of farmed fish and shrimp industries enhances opportunities for fish oil inclusion in feeds to improve nutritional profiles. Certified sourcing, responsible fishing, and alternative omega-3 sources (e.g., algae-based oils) offer new avenues for environmentally conscious consumers.

Algal oil suppliers in the algae omega market offer DHA and EPA made by fermentation. Market growth will also be limited as fish oil is susceptible to price volatility, influencing cost-sensitive markets. Taste and odor issues in certain formulations may restrain repeat purchases or consumer preference. Supplement brands can switch part of a range to oils from the krill oil market or algal sources.

Which Country CAGRs are Profiled in the Fish Oil Market?

Country	CAGR, 2026 to 2036
South Korea	6.9%
USA	6.6%
Germany	5.2%
UK	4.9%
Japan	4.3%

How do Country-level CAGRs Compare in the Fish Oil Market?

Among profiled countries, South Korea will record the fastest expansion in fish oil sales during the forecast period. Germany and the UK form a middle band, and Japan closes a range spanning 2.6 percentage points between 2026 and 2036. Differences in health claim rules, supplement uptake, and the mix of feed and human nutrition demand account for most of the gap.

• South Korea's 6.9% CAGR is driven by the MFDS code, rewarding refiners able to prove 180 mg/g of combined EPA and DHA.
• The USA sits 0.3 points behind South Korea at a 6.6% CAGR through 2036, backed by qualified FDA health claims and steady aquafeed buying.
• Fish oil sales in the UK will rise at 4.9%, with claim controls and import rules for feed-grade oil favoring established importers.
• Japan will record 4.3%, 2.6 points below South Korea.

FMI's complete study covers CAGR estimates for 30+ countries across North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, and the Middle East and Africa.

Country Outlook

• Sales of fish oil in South Korea will grow at a 6.9% CAGR through 2036. As per FMI’s analysis, refiners with dossier-ready assays and local distributors will turn enquiries into orders faster than new entrants.
• Demand for fish oil in the USA will rise at a 6.6% CAGR between 2026 and 2036. Volume sales will come from aquafeed, supplements, and pharma buyers. Supplement brands need potency records to back these claims, owing to which refined oil with lot-level assays will command better prices.
• Growth of the fish oil market in Germany will hold at a 5.2% CAGR till 2036. In April 2026, the BfR said that healthy people with adequate fish intake generally do not need omega-3 supplements. The German supplement brands to shift toward moderate-dose products with clear oxidation data.
• Sales of fish oil in the UK will grow at a 4.9% CAGR through 2036. Established importers are holding an edge over newcomers, owing to claim controls and import paperwork.
• Japan will record the slowest growth at a 4.3% CAGR through 2036. The Ministry of Health, Labour and Welfare updated public nutrition information in January 2026, citing the 2025 Dietary Reference Intakes for n-3 fatty acids. The adoption of fish oil in Japan will be proportional to high-purity oils and formats aimed at older consumers.

Who are the Notable Companies in the Fish Oil Market?

Key companies operating in the fish oil market include TASA, Omega Protein, OLVEA, KD Pharma Group, GC Rieber VivoMega, Golden Omega, Epax, and Hofseth BioCare, out of many players covered by FMI.

Access to raw fish and ability to refine oil as per buyer’s specifications will define win in the fish oil market during the forecast period. Fish oil producers will need to intensify focus on global distribution, high-purity Omega-3 production, and sustainability to capitalize on emerging markets. To benchmark competition, FMI profiles suppliers into three categories. Epax operates as part of Pelagia and is profiled under the Epax name.

• Fleet and Raw Material Integrated Producers: TASA, Omega Protein, and OLVEA secure raw fish or crude oil at source.
• Refining and Concentrate Specialists: KD Pharma Group, GC Rieber VivoMega, and Golden Omega turn crude oil into refined oils and high-purity concentrates, with a direct link to the fish-oil based drugs market.
• Differentiated Lipid Format Developers: Epax and Hofseth BioCare sell fish-derived oils with distinct fatty acid profiles or processing routes.

Competitive Benchmarking

Company	Raw Material Access	Refining and Concentration Capability	Quality and Oxidation Control	Geographic Reach
TASA	High	Medium	Medium	Peru, with exports led by China
Omega Protein	High	Low	Low	USA, with plants in Virginia and Louisiana
OLVEA	Medium	Medium	High	France, Morocco, and Mauritania, with international sales
KD Pharma Group	Medium	High	High	Europe, North America, and South America
GC Rieber VivoMega	Low	High	High	Norway, with international sales
Golden Omega	Medium	High	High	Chile and the USA, with international sales
Epax	Medium	High	Medium	Norway, with international sales
Hofseth BioCare	Medium	Low	Medium	Norway and the USA

Scoring basis: Raw Material Access measures documented control of fishing fleets, fishery sourcing, or by-product streams that supply the company's oil output. Refining and Concentration Capability measures documented refining, deodorisation, concentration, or fatty acid modification. Quality and Oxidation Control measures documented testing laboratories, GMP or ISO systems, nitrogen or inert gas handling, and third-party verification. High indicates broad, clearly documented capability, Medium indicates credible but narrower documented capability, and Low indicates limited public documentation for that criterion. Geographic Reach reflects evidenced plants, offices, or sales activity. 

Key Developments

• In May 2025, Nestlé's Garden of Life launched Norwegian Salmon Oil, the first US dietary supplement formulated with Hofseth BioCare's OmeGo salmon oil.
• In January 2026, KD Pharma Group announced that subsidiary KD Swiss GmbH had acquired dsm-firmenich's food-grade oils distribution and supply business.
• In April 2026, TASA's 2025 sustainability report recorded 39,954 tonnes of fish oil production.

Key Players

Fleet and Raw Material Integrated Producers

• TASA
• Omega Protein
• OLVEA

Refining and Concentrate Specialists

• KD Pharma Group
• GC Rieber VivoMega
• Golden Omega

Differentiated Lipid Format Developers

• Epax
• Hofseth BioCare

Report Scope and Methodology

Coverage field	Report scope
Market breakdown	3 categories plus region, covering Grade (Feed, Pharma, Food), Process (Refined, Crude, Modified), Packaging (Drum, Glass Bottle, Vacuum Pack, Plastic Bottle, Tinned Cans, Others), and Region
Quantitative units	USD Billion
Market definition	Revenue from fish oil sold in feed, pharma, and food grades across refined, crude, and modified forms and the listed packaging formats. The scope excludes downstream finished-product revenue and adjacent or substitute oils such as krill, algal, and plant-derived omega-3 oils.
Regions covered	North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, Middle East and Africa
Countries covered	30+ countries, including South Korea, the USA, Germany, the UK, and Japan
Key companies profiled	A few of the notable companies out of many players covered by FMI include TASA, Omega Protein, OLVEA, KD Pharma Group, GC Rieber VivoMega, Golden Omega, Epax, and Hofseth BioCare
Forecast period	2026 to 2036
Approach	FMI applies a hybrid bottom-up and top-down framework that reconciles fish oil production, trade flows, and supplier revenue with aquafeed, supplement, and pharma demand indicators, after removing finished-product revenue and adjacent oils.

Research Methodology

Method	Approach
Primary research	FMI's primary research engages fish oil processors, refiners, concentrate makers, aquafeed formulators, supplement brands, distributors, and procurement teams to test grade specifications, oxidation limits, contract terms, inclusion rates, and supply risk.
Desk research	The analysis reviews FAO fisheries and aquaculture data, IFFO production statistics, Codex standards, health claim and supplement rules in the profiled countries, company reports, and product announcements. FMI keeps sources that describe demand, supply, supplier roles, or country conditions within the market boundary.
Market sizing and forecasting	The sizing framework links fish oil output and trade with aquafeed production, supplement and pharma demand, grade and process mix, packaging patterns, and price trends. Forecasts consider anchovy quota cycles, changes in feed inclusion rates, refining capacity additions, and substitution by algal and krill oils.
Data validation	Supplier evidence is cross-checked against aquaculture and supplement demand indicators, and segment logic is tested against the revenue boundary. Finished supplements, krill, algal and plant omega-3 oils, and duplicate trade counts are removed before final reconciliation.

Fish Oil Market by Segments

Fish Oil Market Segmented by Grade

• Feed
• Pharma
• Food

Fish Oil Market Segmented by Process

• Refined
• Crude
• Modified

Fish Oil Market Segmented by Packaging

• Drum
• Glass Bottle
• Vacuum Pack
• Plastic Bottle
• Tinned Cans
• Others

Fish Oil Market Segmented by Region

• North America
  • United States
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile
• Western Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Benelux
  • Nordics
• Eastern Europe
  • Poland
  • Czech Republic
  • Romania
  • Hungary
• East Asia
  • China
  • Japan
  • South Korea
• South Asia and Pacific
  • India
  • ASEAN
  • Australia and New Zealand
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Türkiye
  • Israel

Research Sources and Bibliography

• Food and Agriculture Organization of the United Nations (2026, June 16). The State of World Fisheries and Aquaculture 2026: Global fisheries and aquaculture production reaches new highs.
• IFFO - The Marine Ingredients Organisation (2026, May 7). Reduced fishmeal production, fish oil production shows more resilience.
• Codex Alimentarius Commission (2024). Standard for Fish Oils, CXS 329-2017, amended 2021 and 2024.
• U.S. Food and Drug Administration (2019, June 19). FDA Announces New Qualified Health Claims for EPA and DHA Omega-3 Consumption and the Risk of Hypertension and Coronary Heart Disease.
• UK Government (2026, June 25). Food supplements guidance.
• Department for Environment, Food and Rural Affairs and Animal and Plant Health Agency (2025, April 24). Fish oil not for human consumption: Import Information Notes.
• German Federal Institute for Risk Assessment (2026, April 30). Omega-3 fatty acids: Important, but in moderation.
• Ministry of Health, Labour and Welfare, Japan (2026, January 15). Omega-3 fatty acids and Dietary Reference Intakes information.
• Ministry of Food and Drug Safety, Republic of Korea (2026, June 11). Health Functional Food Code, Notice No. 2026-43.
• GC Rieber VivoMega (2024, May 24). GC Rieber VivoMega expands production with new state-of-the-art omega-3 facility.
• KD Pharma Group (2024, October 1). KD Pharma Group completes acquisition of dsm-firmenich's marine lipids business.
• KD Pharma Group (2026, January 2). Acquisition of the distribution and supply business for food grade oils from dsm-firmenich.
• Epax (2025, April 2). Epax launches first commercially available VLC-PUFA product.
• Golden Omega (2026, April 28). 2025 Sustainability Report: Driving the Future of Omega-3 with Purpose and Excellence.
• Currie, C., Myklebust, T. A., Bjerknes, C., and Framroze, B. (2026, March 18). Utilising the omega-3 index to assess the relative bioimpact of a whole salmon oil and a concentrated omega-3 oil in healthy adults. Functional Foods in Health and Disease.
• NutraIngredients (2025, May 13). Nestlé Garden of Life launches first OmeGo product in the US.
• TASA (2026, April). Reporte de Sostenibilidad 2025.
• OLVEA Omega Solutions (2026, May 15). Vitafoods Europe 2026: Securing Human Nutrition with Reliable and Responsible Omega-3 Solutions.

This bibliography is provided for reader reference and is not exhaustive. The full report contains the complete reference list and detailed citations.

This Report Answers

• What is the fish oil market size in 2026, and what value does FMI forecast for 2036?
• Which aquaculture and supplement trends will keep supporting demand for fish oil through 2036?
• Why will feed grade hold the leading position in the grade category in 2026?
• How will refined fish oil open access to supplement, food, and pharma buyers?
• Why will drums keep leading fish oil packaging, and how will bottle formats compare?
• How will growth rates differ across South Korea, the USA, Germany, the UK, and Japan till 2036?
• Which raw material and refining strengths will set the profiled companies apart for buyers?
• How will Peruvian anchovy quotas and oil yields limit fish oil supply through 2036?
• Which supplier checks will feed mills and supplement makers run before signing a fish oil supply contract?