The Latin America fish oil market is set to grow from an estimated USD 765.4 million in 2025 to USD 1,466.6 million by 2035, with a compound annual growth rate (CAGR) of 6.7% during the forecast period from 2025 to 2035.
| Attributes | Value |
|---|---|
| Estimated Latin America Industry Size (2025E) | USD 765.4 million |
| Projected Latin America Value (2035F) | USD 1,466.6 million |
| Value-based CAGR (2025 to 2035) | 6.7% |
The aquaculture industry in South America, mainly in countries like Chile and Peru, has recently been undergoing large-scale developments facilitated by the globally rising seafood demand. Fish oil is an integral part of aquafeeds and introduces a series of omega-3 fatty acids that are highly important for growth, health, and well-being of fish during aquaculture.
The expansion of aquaculture facilities to the market demand, along with the . In addition, high-grade fish oil is essential in the development of feed formulations and thus its demand continues to be on the rise, the fish oil industry is really such an important sector within aquaculture.
The notable trend of omega-3 supplements is now quite common in Latin America, where customer knowledge about the positive health impacts of these fatty acids is a driving force. When asked about natural health products that promote heart, brain, and whole body wellness, fish oil comes to mind as the best source of omega-3 fats.
The increase of this interest has resulted in both the production and the consumption of fish oil, as the manufacturers reacted to the request of high-quality omega-3 supplements on the market.
Explore FMI!
Book a free demo
The table below provides a detailed comparative assessment of the changes in the compound annual growth rate (CAGR) over six months for the base year (2024) and the current year (2025) specifically for the Latin America fish oil market.
This semi-annual analysis highlights crucial shifts in market dynamics and outlines revenue realization patterns, providing stakeholders with a more precise understanding of the growth trajectory within the year. The first half of the year, H1, covers January to June, while the second half, H2, spans July to December.
H1 signifies period from January to June, H2 Signifies period from July to December
For the Latin America fish oil market, the is predicted to grow at a CAGR of 5.6% during the first half of 2024, with an increase to 5.9% in the second half of the same year. In 2025, the growth rate is anticipated to slightly increase to 6.3% in H1 and is expected to rise to 6.9% in H2.
This pattern reveals a decrease of 20 basis points from the first half of 2024 to the first half of 2025, followed by an increase of 20 basis points in the second half of 2025 compared to the second half of 2024.
The Future of Fish Oil: Embracing Advanced Processing Techniques
Improvements in extraction and processing methods are greatly affecting the quality and productivity of fish oil in Latin America. Technologies such as cold pressing, supercritical fluid extraction, and molecular distillation are being implemented to the maximum amount of omega-3 fatty acids with the least destructive of the sensitive nutrients.
The new technologies not only lead to the higher purity and concentration of fish oil but also the better retention of the beneficial components such as vitamins and antioxidants. Thus, manufacturers can produce a better-quality fish oil that will meet the people's demands for health-benefiting products.
The entire emphasis on quality and efficiency also helps to make fish oil more attractive to customers and at the same time, it promotes the competitive positioning of the producers in an already saturating health and wellness market.
Natural Solutions: Fish Oil as a Key Ingredient in Beauty Care
The trend of mixing fish oil into cosmetic and beauty products is getting the drive, primarily due to its moisturizing and anti-inflammatory effects. Never forget that fish oil which has a lot of omega-3 fatty acids is a great source of nutrition for our skin and a good choice for creams, lotions, and serums that are effective in repairing skin.
It is also beneficial for the inflammation caused by skin irritations and redness, especially for people who suffer from sensitive skin or diseases like eczema, which is one reason for consumers' interest in products that contain it. As beauty brands shift their attention more and more towards natural and effective ingredients fish oil is now being acknowledged for its role in the formulation of the products.
This is not just a way to take fish oil out of the traditional uses and give back to the environment, but also to make a new profit by entering the thriving beauty and personal care market.
The following table shows the estimated growth rates of the top two markets. These countries are set to exhibit high consumption, recording high CAGRs through 2035.
Prominent fish oil demand in Brazil, along with the expansion of the nutraceutical sector in the country, is stemming from this consumer trend as people are becoming more health conscious and prefer food complementing their diet with nutrients not strictly related to basic nutrition.
The fish oil is famous for its anti-inflammatory properties and advantages for the cardiovascular system and therefore is becoming a common ingredient in dietary supplements, which are particularly of interest to people who are conscious of health and are seeking ways to improve their well-being.
This is complemented by an ever-increasing knowledge of the omega-3 fatty acids by the consumers as well as the role that the components play in decreasing the likelihood of heart diseases.
Furthermore, the geographical attributes of Brazil also make it an attractive export hub for fish oil to places like North America and Europe that also require premium products. Brazil's position as a fish oil exporter opens the door to the extension of local fishing companies that would sell fish oil both for the local market and the international one.
Social factors account for a huge proportion of fish oil's acceptance rate in Mexico for the reason that diets are traditionally arranged in such a way that various fish and seafood are included, thus making it easy for the people to acquire marine-based nutrition.
The one cultural upbringing that inspires most Mexicans to reach their goal in improving the health of their diets is the quest for marine-based nutrients, and so taking fish oil is the most rational choice that they could make to cover their omega-3 deficiency.
Apart from that, the diversity of fish oil products available in Mexico has been a major factor for their accessibility to the populace. The fish chain now provides several forms of products like capsules, liquids, and fortified foods, which are mostly owned by domestic brands and habits. This mix, in turn, attracts the clientele with preferences and lifestyles, thus facilitating the acceptance of fish oil as a functional food.
% share of Individual categories by Product and End User in 2025
In the fish oil market, salmon oil is increasingly identified as a superior product, owing to its high levels of essential omega-3 fatty acids namely EPA and DHA which are known for their numerous health benefits. This is the result of high-quality fish that come from pure oceanic waters and the careful conditions of processing that guarantee the retention of the nutritional value.
This supposed high-end quality attracts health-oriented customers who are in search of well-functioning dietary supplements. At the same time, the range of salmon oil products has remarkably expanded, both through domestic production and imports.
This diversification brought in various items like capsules, liquids, and fortified foods which in turn made it easier for consumers to find what suits them. Together, such circumstances laid the groundwork for the rapid growth in the demand of salmon oil in the market.
Scientific inquiries have ceaselessly drawn attention to the multitude of health advantages that can be derived from omega-3 fatty acids particularly those occurring in fish, such as EPA and DHA. Clinical trials indicate that these fatty acids may have a positive effect on heart health, alleviate inflammation and enhance cognitive function, to name a few benefits.
This turn of events has led to the increasing endorsement of fish oil supplements by health care practitioners such as dieticians and doctors as part of an appropriately balanced diet. This expert advocacy plays a major role in shaping consumer choices as people to a great extent accept healthcare providers' recommendations on nutrition and dietary products.
As a result, with more people learning about omega-3s and doctors' suggestions being more widespread, the requirement of fish oil supplements is continually growing in Latin America.
2025 Market share of Latin America Fish Oil Manufacturers
Note: above chart is indicative in nature
The fish oil sector in Latin America has a moderate level of consolidation that includes some leading companies such as Omega Protein Corporation, Tasa (Tecnología Aplicada S.A.) and Pesquera Exalmar S.A.A, who are dominating the industry thanks to their far-reaching distribution channels and authoritative brand names.
These companies exploit their well-established research and development facilities to break new ground by launching new products and upgrading existing ones based on the best omega-3 sources.
Besides, regional players such as Blumar Seafoods S.A., Acuicultura Pesca del Pacífico S.A. (Acuipac), and Cia. Pesquera de Chile S.A. (CPC) as well, specialize in local requirements which they address by developing products that are designed specifically for particular customer sectors. The strategic emphasis on high sustainability and product quality leads these enterprises to gain a competitive edge and in turn, expand the fish oil market.
The Latin America fish oil market is projected to grow at a CAGR of 6.7% from 2025 to 2035.
By 2035, the market is expected to reach an estimated value of USD 1,466.6 million.
The increasing popularity of omega-3 supplements is a notable trend in Latin America, fueled by growing consumer awareness of the health benefits associated with these fatty acids.
Mexico and Brazil are key regions with high consumption rates in the Latin America fish oil market.
Leading manufacturers include Omega Protein Corporation, Tasa (Tecnología Aplicada S.A.), Pesquera Exalmar S.A.A., Blumar Seafoods S.A., and Industria Peruana de Alimentos S.A. (Inper).
As per Grade, the industry has been categorized into feed grade, food grade, and pharma grade.
As per Form, the industry has been categorized into crude, refined, and modified fish oils.
As per Concentration, the industry has been categorized into salmon oil, tuna oil, cod liver oil, sardine oil, squalene oil, krill oil, anchovy oil, menhaden oil, and others
As per Application, the industry has been categorized into aqua-feed, food and beverages, dietary supplements, and cosmetic and beauty products.
Industry analysis has been carried out in key countries of Brazil, Mexico and Rest of Latin America.
Latin America Fish Oil Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
