Demand for fish body oil in the United Arab Emirates is forecasted to decrease significantly from 2024 to 2028. The demand for fish body oil in 2023 stood at approximately 70.0 metric tons. From 2024 to 2025, the forecast shows a decline of about 12.9%, while the 2025 to 2026 period is expected to see a drop of around 14.8%. The decreasing trend continues in 2026 to 2027 with a reduction of approximately 17.4%, and from 2027 to 2028, a further decline of 21.1% is anticipated. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is calculated to show a negative growth, indicating a consistent annual decrease in demand.
Future trends to watch for:
- Fluctuations in global fish oil markets impacting local demand.
- Increasing health and wellness trends potentially reversing the decline.
- Government policies affecting import and consumption of fish body oil.
