Forecast: Fish Liver Oil Non-food Uses in Japan

The forecast for fish liver oil non-food uses in Japan indicates a steady and modest growth trend from 2024 to 2028. The projected volume begins at 1.59 thousand metric tons in 2024 and is expected to rise to 1.68 thousand metric tons by 2028. This represents an annual average growth rate, or Compound Annual Growth Rate (CAGR), that is modest yet steady. In comparison to the actual data from 2023, the market is experiencing a gradual upward trajectory during this forecast period.

Future trends to watch for include:

  • Potential shifts in regulatory measures affecting production and application of fish liver oil in non-food sectors.
  • Technological advancements that might enhance extraction and utilization processes, impacting supply and demand.
  • Changes in consumer preferences towards sustainability, possibly driving innovation and diversification in usage.

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