Asia Pacific Fish Oil Market: Industry Analysis and Forecast (2024-2030)

  • The Asia Pacific Fish Oil Market size was valued at USD 1.9 Bn. in 2023 and the total Asia Pacific Fish Oil Market revenue is expected to grow at a CAGR of 5.5% from 2024 to 2030, reaching nearly USD 2.76 Bn. in 2030.

  • Format : PDF | Report ID : SMR_1794

Asia Pacific Fish Oil Market Overview

The Asia Pacific Fish Oil Market experiences exponential growth, which is driven by its versatile applications found in cosmetics, it improves creams and ointments with emollient properties, while in body it acts as insulation against cold. Rich in omega-3 fatty acids, sourced primarily from salmon and sardines, it outperforms other oils, aiding in inflammation reduction and improved heart health. Also, its immunity-boosting properties attract consumers, particularly inactive individuals increasing market demand. Fish oil remains a desirable commodity, promising both skincare benefits and overall health improvement.


  • In China, BASF invested $100 million in a new facility for fish oil.
  • India's market sees Cargill growing capacity by 20% for the fish oil.
  • South Korea's $500 million market welcomes Dongwon's omega-3 concentrate.
  • Japan's $350 million market flourishes with rising demand in functional foods.
  • Australia's $200 million market witnesses Tassal Group's acquisition.
  • Malaysia invests in a new refinery, while Indonesia's government promotes sustainability.
  • Vietnam's market surges with a 30% export increase of fish oil.
  • Bangladesh aims to boost aquaculture production.


The Asia Pacific Fish Oil market report offers detailed analysis on trends, tech advancements, and disruptions, evaluating dynamics, size, regulations, and drivers. It aids healthcare, government, and pharma sectors, enabling informed decisions amidst economic challenges, highlighting competitive edge through crucial data for strategic advantage.

Asia Pacific Fish Oil Market


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Asia Pacific Fish Oil Market Dynamics

The Asia Pacific fish oil market is poised for substantial growth and maintained by factors like heightened awareness of omega-3's health perks. Rich in EPA and DHA, fish oil helps heart health, brain function, and diminishes inflammation. This awareness drives demand for fish oil supplements in the region and fueling market growth. The Asia Pacific fish oil market thrives in a growing aquaculture sector. The nations such as China, India, and Vietnam spearhead this growth. Fish oil vital for aquafeed fuels this growth and nourishing fish for optimal development. The region's robust aquaculture industry drives the demand for fish oil and symbolizing its pivotal role in sustaining aquatic ecosystems and meeting global nutritional needs.

Asia Pacific Fish Oil Market1

The market flourishes in surging disposable income and urbanization with rising affluence and urban living and consumer tastes tilt towards health and wellness goods. Nutritional supplements such as fish oil gain traction as individuals prioritize well-being. This evolving consumer landscape fuels demand for fish oil and emblematic of a region embracing proactive health measures. The Asia Pacific fish oil industry flourishes alongside a growing geriatric demographic with a swiftly increasing aging populace and prevalent chronic ailments like heart disease and arthritis amplify. Fish oil emerges as a recommended supplement, renowned for managing such conditions effectively. Therefore, the fish oil market experiences an upsurge and driven by the imperative health needs of the region's elderly populace.


Asia Pacific Fish Oil Market Segment Analysis:

By End User, the Aquaculture segment held the largest market share of about 50% in the Asia Pacific Fish Oil Market in 2023. According to the STELLAR analysis, the segment is further expected to grow at a CAGR of 5.5% during the forecast period. The Asia Pacific Fish Oil Market leads thanks to rapid tech advancement and adoption of smart devices with data connectivity and integration.

Asia Pacific Fish Oil Market2

Aquaculture stands as an essential player in shaping the Asia Pacific fish oil market. It holds the mantle of being the dominant consumer globally. This significance reverberates strongly in the Asia Pacific region, where the industry boasts a substantial contribution to global aquaculture production. Fish oil's role transcends mere consumption and it serves as an indispensable nutrient source in aquafeed, delivering essential omega-3 fatty acids crucial for the healthy growth and development of farmed fish. The growing aquaculture sector in key players like China, Vietnam, and India acts as a catalyst and driving the demand for fish oil.


As these countries witness an exponential rise in aquaculture production to meet the escalating seafood consumption and the necessity for fish oil in aquafeed is poised to surge correspondingly. While China spearheads importation owing to its colossal aquaculture sector, Japan emerges as a significant producer and consumer, with a pronounced focus on omega-3 fish oil for human health supplements. Collectively, aquaculture emerges as a central pillar bolstering the Asia Pacific fish oil market's growth trajectory with projections indicating sustained demand escalation as the aquaculture industry continues its prosperous journey into the foreseeable future.


Additionally, the Asia Pacific Fish Oil Market nutritional benefits drive its significance. Rich in EPA and DHA fish oil proves indispensable for fish health and immune function. Within aqua feed its integration elevates fish growth, bolsters disease resistance, and optimizes feed conversion ratios, reducing waste. Therefore, consumers enjoy fish enriched with omega-3s promoting a healthier diet. Limited alternatives persist in the Asia Pacific fish oil market. Although vegetable oils are under scrutiny, they often lack crucial fatty acids essential for aquaculture. Thus, fish oil remains the preferred choice for many operations due to its unmatched nutrient profile.


Asia Pacific Fish Oil Market Regional Insights:

The Asia Pacific region emerges as the global leader in fish oil consumption and driven by several factors. Its thriving aquaculture industry with major players such as China, India, Vietnam, and Indonesia heavily relies on fish oil for aqua feed, thus stimulating demand. Additionally, a growing awareness of the health benefits associated with omega-3 fatty acids found in fish oil, particularly in supporting heart and brain health and contributes to the increasing demand. Also, the region's aging population fuels the need for nutritional supplements like fish oil to maintain health and vitality. These combined factors position the Asia Pacific region at the forefront of the global fish oil market.


  • China dominates the Asia Pacific fish oil market as both a major consumer and producer, primarily fueled by its expansive aquaculture sector. Despite significant domestic production, the demand surpasses local supply, necessitating imports from South America and Scandinavia to meet market needs.
  • India emerges as the fastest-growing market for fish oil in the Asia Pacific region. The surge in demand is driven by escalating disposable incomes, heightened health consciousness among consumers, and increasing elderly demographic. These factors converge to drive significant growth and opportunity within India's fish oil market.
  • South Korea stands as a prominent consumer of fish oil, especially in dietary supplements, highlighting a robust market demand. Its advanced aquaculture sector relies on fish oil extensively for aqua feed formulations, showcasing a multifaceted utilization within the industry. This dual reliance underscores South Korea's significance within the Asia Pacific fish oil market.

Asia Pacific Fish Oil Market3

  • Japan boasts a mature fish oil market and deeply rooted in its culinary culture and history of fish consumption. The country utilizes fish oil extensively in human health supplements and aqua feed, leveraging its established infrastructure and consumer awareness. Similarly, Australia, driven by a health-conscious populace and robust aquaculture sector, showcases significant demand for fish oil supplements.


Emerging economies like Malaysia, Indonesia, and Vietnam are also witnessing market growth driven by increasing disposable incomes and health consciousness, albeit at lower consumption levels compared to industry giants. Conversely, Bangladesh presents potential for market growth and limited by factors such as lower disposable incomes and insufficient awareness of fish oil's health benefits among the populace.


Competitive Landscape for the Asia Pacific Fish Oil Market

The Asia Pacific Fish Oil (ADC) market rivals severely compete and scrutinizing company backgrounds, finances, R&D, and market outlooks. Profiles delve into strengths, weaknesses, and product arrays. Firms innovate cost-effective solutions, employ strategic partnerships and mergers, and leverage patent Intel and tech advancements to ensure market leadership amidst constant evolution.


  • In September 2021, Evonik unveiled Availed, a high-load omega-3 powder platform, in India. With approval from the FSSAI, AvailOm gained entry into the Indian market. Evonik's strategic move extended to Brazil, where AvailOm was registered, facilitating its global dissemination as an omega-3 supplement earlier this year.


In the Asia Pacific Fish Oil Industry, strategic initiatives prioritize diversification, segment-specific innovation, and partnership cultivation, aligning with evolving consumer demands. These efforts propel manufacturers towards sustained growth and market dominance, solidifying their position in the region's competitive Fish Oil sector.

Asia Pacific Fish Oil Market Scope

Market Size in 2023

USD 1.9 Billion

Market Size in 2030

USD 2.76 Billion

CAGR (2024-2030)

5.5 %

Historic Data


Base Year


Forecast Period



By Species Type

  • Blue Whiting
  • Anchoveta
  • Sardine
  • Capelin

By End User

  • Pharmaceuticals
  • Animal Nutrition and Pet Food
  • Aquaculture
  • Dietary Supplements

By Country

  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Malaysia
  • Indonesia
  • Vietnam
  • Bangladesh


Asia Pacific Fish Oil Market Key Players

  • DSM
  • FMC Corporation
  • Copeinca AS
  • Lysi Hf
  • Marvesa Holdings NV
  • Corpesca SA
  • GC Reiber Vivomega Oils
  • Triplenine Group AS
  • Royal DSM NV.
  • Omega Protein Corporation

Frequently Asked Questions

The increasing awareness demand for fish oil supplements is expected to be the major driver for the market.

1.    Asia Pacific Fish Oil Market Introduction
1.1.    Study Assumption and Market Definition
1.2.    Scope of the Study
1.3.    Executive Summary 
1.4.    Emerging Technologies
1.5.    Market Projections
1.6.    Strategic Recommendations
2.    Asia Pacific Fish Oil Market Trends
2.1.    Market Consolidation
2.2.    Adoption of Advanced Technologies
2.3.    Pricing and Reimbursement Trends
3.    Asia Pacific Fish Oil Market Import Export Landscape
3.1.    Import Trends
3.2.    Export Trends
3.3.    Regulatory Compliance
3.4.    Major Export Destinations
3.5.    Import-Export Disparities
4.    Asia Pacific Fish Oil Market: Dynamics
4.1.1.    Market Drivers
4.1.2.    Market Restraints 
4.1.3.    Market Opportunities
4.1.4.    Market Challenges

4.2.    PORTER’s Five Forces Analysis
4.3.    PESTLE Analysis
4.4.    Regulatory Landscape
4.5.    Analysis of Government Schemes and Initiatives for the Asia Pacific Fish Oil Industry
5.    Asia Pacific Fish Oil Market Size and Forecast by Segments (by Value USD)
5.1.    Asia Pacific Fish Oil Market Size and Forecast, by Species Type(2024-2030)
5.1.1.    Blue Whiting
5.1.2.    Anchoveta
5.1.3.    Sardine
5.1.4.    Capelin 

5.2.    Asia Pacific Fish Oil Market Size and Forecast, by End User (2023-2030)
5.2.1.    Pharmaceuticals
5.2.2.    Animal Nutrition and Pet Food
5.2.3.    Aquacultures
5.2.4.    Dietary Supplements 

5.3.    Asia Pacific Fish Oil Market Size and Forecast, by Country (2023-2030)
5.3.1.    China
5.3.2.    India
5.3.3.    South Korea
5.3.4.    Japan
5.3.5.    Australia
5.3.6.    Malaysia
5.3.7.    Indonesia
5.3.8.    Vietnam
5.3.9.    Bangladesh

6.    Asia Pacific Fish Oil Market: Competitive Landscape
6.1.    STELLAR Competition Matrix
6.2.    Competitive Landscape
6.3.    Key Players Benchmarking
6.3.1.    Company Name
6.3.2.    Service Segment
6.3.3.    End-user Segment 
6.3.4.    Revenue (2023)
6.3.5.    Company Locations

6.4.    Leading Asia Pacific Fish Oil Companies, by market capitalization
6.5.    Market Structure
6.5.1.    Market Leaders 
6.5.2.    Market Followers
6.5.3.    Emerging Players

6.6.    Mergers and Acquisitions Details
7.    Company Profile: Key Players
7.1.1.    Company Overview
7.1.2.    Business Portfolio
7.1.3.    Financial Overview
7.1.4.    SWOT Analysis
7.1.5.    Strategic Analysis
7.1.6.    Scale of Operation (small, medium, and large)
7.1.7.    Details on Partnership
7.1.8.    Regulatory Accreditations and Certifications Received by Them
7.1.9.    Awards Received by the Firm
7.1.10.     Recent Developments

7.2.    FF SKAGEN A/S
7.3.    DSM
7.5.    FMC Corporation
7.6.    Copeinca AS
7.7.    Lysi Hf
7.8.    Marvesa Holdings NV
7.9.     Corpesca SA
7.10.    GC Reiber Vivomega Oils
7.11.    Triplenine Group AS
7.12.    BASF SE
7.13.    Royal DSM NV.
7.14.    Omega Protein Corporation
8.    Key Findings
9.    Industry Recommendations

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