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

  • The Denmark Fish Oil Market size was valued at USD 140.21 Mn. in 2023 and the total Denmark Fish Oil Market revenue is expected to grow at a CAGR of 4.8% from 2024 to 2030, reaching nearly USD 194.67 Mn. by 2030.

  • Format : PDF | Report ID : SMR_1776

Denmark Fish Oil Market Overview

Fish oil is an oil taken from the tissues of fatty fish such as herring, mackerel, salmon, and tuna. The process involves pressing cooked fish, and then separating the oil from the extracted fluid.


In the Denmark Fish Oil Market, leading manufacturers have adopted several trends that are covered in the report. These include the use of technologies, government funding for R&D, and an increasing focus on sustainability. A thorough analysis of the competitive environment is also included in the report, along with the market shares and positions of the major companies involved in the fish oil industry. Additionally, the report offers a comprehensive analysis of the present and potential developments within the Denmark Fish Oil industry.


It also provides a thorough analysis of the Denmark Fish Oil Market value chain and important market segments. It also offers strategic recommendations for the market's success to the investors. The current Fishmeal & Fish Oil market offers a wide range of products customized to different products and user preferences. The surging popularity of this industry has further contributed to the market's growth.


  • Denmark holds the position as the 7th largest exporter of fishmeal and the 3rd largest exporter of fish oil, underscoring its substantial contribution to the global trade in these essential marine products.
  • Fisheries management in Denmark is largely based on transferable fishing rights, such as Individual Transferable Quotas (ITQ). This has resulted in fewer commercial vessels and increased profitability in many segments.

Denmark Fish Oil Market


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Denmark Fish Oil Market Dynamics

Driving Forces Behind Denmark's Growing Fish Oil Market

The increasing prevalence of fish oil benefits has been driven in Denmark owing to the larger production of fish oil in the country. The fishing industry has become one of the most technologically advanced owing to its use of solutions that reduce unwanted catch and its carbon footprint as a result it has boosted the market growth. The escalating demand for the sustainability of fish oil has driven the market growth in Denmark. For example, The Danish seafood industry has a global reputation for driving fish and shellfish production in a sustainable direction.


The fishing industry has drawn a strong Danish tradition of high-quality food production and stringent regulations requirements from the industry that have influenced the market growth. The surge in imports and exports has been a major factor that has influenced the market growth in the country. For instance, the main destinations of Denmark's exports of Fish oil were Norway ($174M), United Kingdom ($31.6M), Gibraltar ($11.2M), Germany ($5.08M), and Greece ($4.64M).


Certification Challenges and Environmental Concerns: Impacts on Denmark's Fish Oil Industry

The fish oil industry is struggling to get certified, due to non-cooperation from concerned government institutions and agencies. Lack of certification poses challenges to the industry in terms of sustainability and market acceptance. The growing demand for seafood places more responsibility on market leaders of the fish oil industry as there is uncertain change in climatic conditions that affect the product life shell resulting in steady market growth. The rising environmental concerns about overfishing have posed a barrier to the manufacturers of the fish oil market in Denmark.


Denmark Fish Oil Market Segment Analysis

Based on End Users, Aquaculture holds the majority of the share and is expected to grow till 2030 with a growing CAGR. Aquaculture is experiencing rapid growth in Denmark, and fish from aquaculture currently account for 50 % of the human consumption of fish. Aquaculture has demonstrated its resilience to change and is increasingly recognized for its environmental responsibility, reduced footprint, and high efficiency in protein transformation and provision has driven the market in the country. Denmark has a strong position in fish production and aquaculture has a long and well-established tradition in the country.  Aquaculture is the fastest-growing food production sector but it suffers from societal, environmental, and technical challenges that require interdisciplinary collaboration.

Denmark Fish Oil Market1

The Rise in the research on the development of rearing systems and technologies that ensure efficient production with minimum environmental impact has enhanced the market growth in Denmark. Feed and its utilization by the fish are central to water quality and the potential discharge from aquaculture. The Danish aquaculture industry has been set, covering technology as well as fish production. Danish aquaculture is strictly regulated by environmental rules, except for full recirculation eel farms, all Danish fish farms have to be officially approved following the Danish Environmental Protection Act.

Denmark Fish Oil Market Scope

Market Size in 2023

USD 140.21 Mn.

Market Size in 2030

USD 194.67 Mn.

CAGR (2024-2030)

4.8 %

Historic Data

2018 - 2022

Base Year


Forecast Period


Segment Scope


By Product

  • Salmon Oil
  • Tuna Oil
  • Cod Liver Oil
  • Sardine Oil
  • Others

By End User

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

By Distribution Channel

  • Online
  • Offline


Denmark Fish Oil Market key Players

  1. Danfisk
  2. TripleNine
  3. Tidge
  4. Pelagia
  5. FF Skagen A/S
  6. Omega Protein Corporation Copeinca ASA
  7. Croda International Plc
  8. GC Rieber Oils AS
  9. LYSI hf

Frequently Asked Questions

The rising prevalence of Fish oil benefits is expected to be the major driver for the market.

1.    Denmark 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.    Denmark Fish Oil Market Trends
2.1.    Market Consolidation
2.2.    Adoption of Advanced Technologies
2.3.    Pricing and Reimbursement Trends
3.    Denmark 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.    Denmark 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 Denmark Fish Oil  Industry
5.    Denmark Fish Oil Market Size and Forecast by Segments (by Value USD)
5.1.    Denmark Fish Oil Market Size and Forecast, by Product (2024-2030)
5.1.1.    Salmon Oil
5.1.2.    Tuna Oil
5.1.3.    Cod Liver Oil
5.1.4.    Sardine Oil
5.1.5.    Others 

5.2.    Denmark Fish Oil Market Size and Forecast, by End User  (2024-2030)
5.2.1.    Pharmaceuticals
5.2.2.    Animal Nutrition and Pet Food
5.2.3.    Aquaculture
5.2.4.    Dietary Supplements
5.2.5.    Others 

5.3.    Denmark Fish Oil Market Size and Forecast, by Distribution Channel  (2024-2030)
5.3.1.    Online
5.3.2.    Offline 

6.    Denmark 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 Denmark Fish Oil Market 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.    Danfisk
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.    TripleNine
7.3.    Tidge 
7.4.    Pelagia 
7.5.    FF Skagen A/S 
7.6.    Omega Protein Corporation Copeinca ASA 
7.7.    Croda International Plc 
7.8.    GC Rieber Oils AS
7.9.    LYSI hf 
8.    Key Findings
9.    Industry Recommendations
10.    Terms and Glossary

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