Between 2014 and 2023, the fish body oil production in the United Arab Emirates saw significant growth. Starting at 210 metric tons in 2014, production increased to 770 metric tons by 2023. Year-on-year growth experienced highs such as 166.67% in 2016, while certain years, like 2020, saw a decline of -13.17%. Over the past five years, the compound annual growth rate (CAGR) stood at 5.12% as of 2023, with a steady increase forecasted through 2028.
Future trends to watch for include:
- Continuous market expansion due to rising health consciousness and demand for dietary supplements.
- Potential impacts of environmental regulations and sustainable fishing practices on production levels.
- Technological advancements in fish oil extraction and processing techniques.