The forecast for the non-food uses of fish liver oil in India shows a declining trend from 2024 to 2028, with values dropping from 50 metric tons in 2024 to 0 by 2028. In 2023, this market stood at a significant volume, suggesting strong historical demand. Over the forecasted period, the year-on-year reductions are apparent, with particularly steep declines from 2026 onward. The compound annual growth rate (CAGR) over the 5-year forecast is negative, indicating a shrinking market.
Trends to watch for in the future include:
- Potential shifts in consumer demand or alternative uses for fish liver oil.
- Regulatory changes affecting the industry.
- Technological advancements or innovations that could influence market dynamics.
