North America Fish Oil Market

North America fish oil market in North America is expected to grow from US$ 454.65 million in 2021 to US$ 760.88 million by 2028; it is estimated to grow at a CAGR of 7.6% from 2021 to 2028.

Fish oil is derived from the tissues of fish that are rich in protein and contain omega-3 fatty acids. Omega-3 fatty acids are mainly used as a supplement in aquaculture feed, animal nutrition and pet food, supplement tablets, functional food, pharmaceuticals, etc. The crucial omega-3 fatty acids from fish oil help reduce bad cholesterol and blood pressure, and they can also reduce the chances of coronary heart diseases. In elderly people, the intake of these fatty acids prevents and reduces the risk of chronic diseases. They also help protect geriatric populations from heart, eye, and joint deterioration, and cognitive disorders. Thus, with the growing awareness about the health benefits of omega-3, the consumption of fish oil has increased among consumers. Fish oil also helps in improving the functioning of the cardiovascular system and nervous system. Fish oil is offered in the form of pills, capsules, liquids, and supplements like Nordic Naturals, Inc., Nartol LLC. The oil helps achieve a speedy recovery from stroke and boosts the immunity of consumers. Thus, such health benefits of fish oil, especially omega-3 fatty acids, attract consumers’ attention towards it, thereby fueling the market growth.

North America is one of the worst affected regions due to the COVID-19 pandemic. The US had the highest number of confirmed cases of COVID-19. The unprecedented rise in the number of COVID-19 cases across the US and Canada and the subsequent lockdown of numerous manufacturing facilities in the countries have negatively influenced the growth of the various markets. The significant disruption in manufacturing, along with raw material sourcing, has had a negative impact on the demand for fish oil in the region. The crisis adversely affected the food & beverages industry in the region due to a restricted supply chain, raw material shortage, and shutdown of manufacturing units. However, the market is reviving on account of the government's significant measures, such as vaccination drives. With the state of economic recovery, several industrial sectors are strategically planning to invest in advanced products to maximize revenue. This is expected to provide the impetus for market growth. The short-term impact of the COVID-19 pandemic on the fish oil market in major countries of North America is shown in the figure below.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America fish oil market. The North America fish oil market is expected to grow at a good CAGR during the forecast period.

North America Fish Oil Market Revenue and Forecast to 2028(US$ Million)

North America Fish Oil Market Segmentation

By Species Type

• Blue Whiting
• Anchoveta
• Sardine
• Capelin
• Others

By End User

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

By Country

• North America
• US
• Mexico
• Canada  

Companies Mentioned -

• TRIPLENINE                
• FF SKAGEN A/S           
• DSM                            
• CRODA INTERNATIONAL PLC    
• BASF SE                      
• OMEGA PROTEIN CORPORATION

North America Fish Oil Market Strategic Insights

North America Fish Oil Market Segmentation Analysis

North America Fish Oil Market Report Highlights

North America Fish Oil Report Scope

North America Fish Oil Market Country and Regional Insights