In 2023, the actual demand for fish liver oil in China stood at 88.0 metric tons. Forecasted data for 2024 shows a demand of 82.0 metric tons, representing a year-on-year decrease of 6.8%. The trend continues with a decline to 76.0 metric tons in 2025, 69.0 metric tons in 2026, 63.0 metric tons in 2027, and eventually 58.0 metric tons by 2028. This results in an overall Compound Annual Growth Rate (CAGR) of approximately -7.8% over the forecasted five-year period from 2024 to 2028.
Future trends to watch for:
- Shifts in consumer health trends and preferences, as these could impact the demand for dietary supplements like fish liver oil.
- Regulatory changes that may affect the production and sale of fish liver oil products in China.
- Emerging alternative supplements that provide similar health benefits, potentially affecting market demand.
- Potential advancements in fish liver oil product formulations that may increase its appeal.
- Environmental factors and sustainability concerns related to fish oil production.
