In 2023, the demand for fish body oil in India was recorded at 27.3 thousand metric tons. The forecasted data indicates a steady year-on-year growth, with values reaching 32.2 thousand metric tons by 2028. This represents a Compound Annual Growth Rate (CAGR) of approximately 3.37% from 2024 through 2028. The upward trend demonstrates a consistent increase in the demand for fish body oil over the projected period.
Future trends to watch for:
- Rising health consciousness among consumers could further boost demand.
- Potential supply chain challenges due to fluctuating raw material availability.
- Impact of regulatory changes related to the fishing industry and supplements.
- Increased competition from plant-based Omega-3 alternatives.
- Innovation in fish body oil product offerings and marketing.
