In 2023, Norway dominated the global fish body oil non-food uses market, contributing significantly higher than other countries. Norway's stable growth continues alongside notable market shares from China, Japan, and Vietnam, with forecasted upward trends. Conversely, Thailand and the Netherlands exhibited declines. Smaller markets such as Portugal, Australia, and Ireland demonstrated impressive growth rates, indicating potential emerging markets. Countries like Mexico and Slovakia experienced significant contractions, highlighting volatility in smaller markets. South Africa and Nigeria saw positive growth trends, suggesting increasing market engagement.
Future trends to watch for include continued expansion in emerging markets such as Bangladesh and Ireland while monitoring larger markets like Norway and China for potential innovations or market shifts. Sustainability and environmental concerns may steer future growth strategies, emphasizing responsible sourcing of fish body oil. This could lead to technological advancements and changes in both production and distribution strategies globally.
Top countries in Fish Body Oil Non-food Uses Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 29.33 | 2023 | -0.089% | +0.022% | View data |
| 2 | 2 China | 15.93 | 2023 | +1.59% | +1.19% | View data |
| 3 | 3 Japan | 12.18 | 2023 | +1.94% | +1.89% | View data |
| 4 | 4 Vietnam | 10.15 | 2023 | +2.38% | +2.78% | View data |
| 5 | 5 Spain | 8.64 | 2023 | +2.61% | +2.9% | View data |
| 6 | 6 United States | 4.08 | 2023 | +0.049% | +0.059% | View data |
| 7 | 7 Mauritania | 3.68 | 2023 | +2.79% | +1.42% | View data |
| 8 | 8 Thailand | 3.08 | 2023 | -2.84% | -2.97% | View data |
| 9 | 9 United Kingdom of Great Britain and Northern Ireland | 3.06 | 2023 | |||
| 10 | 10 Sweden | 2.47 | 2023 | -0.48% | -0.57% | View data |
