The global fish body oil demand in 2023 witnessed Chile and Norway leading the market, though Norway had a slight decline. Notably, Panama and Poland showed strong growth rates, whereas South Africa and Mexico saw significant declines. The demand across various countries showed diverse trends, with emerging markets like India and Vietnam experiencing growth while several European countries displayed mixed results. Notably, Slovakia experienced a complete drop in demand.
Looking ahead, future trends may be influenced by increasing health consciousness driving demand in emerging markets and sustainability concerns impacting production. Key watch areas include technological advancements in extraction processes and shifts in dietary trends in major consuming regions.
Top countries in Fish Body Oil Demand Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Chile | 17.33 | 2023 | +2.15% | +2.35% | View data |
| 2 | 2 Norway | 14.23 | 2023 | -0.19% | -0.07% | View data |
| 3 | 3 Japan | 9.14 | 2023 | +1.34% | +1.25% | View data |
| 4 | 4 China | 7.79 | 2023 | +0.24% | -0.33% | View data |
| 5 | 5 Canada | 5.63 | 2023 | +2.02% | +2.02% | View data |
| 6 | 6 Vietnam | 4.75 | 2023 | +2.38% | +2.78% | View data |
| 7 | 7 Spain | 4.05 | 2023 | +2.61% | +2.9% | View data |
| 8 | 8 Greece | 3.28 | 2023 | +0.89% | +0.92% | View data |
| 9 | 9 India | 2.55 | 2023 | +3.65% | +3.94% | View data |
| 10 | 10 United States | 1.91 | 2023 | +0.049% | +0.059% | View data |
