The fish liver oil market in Italy is projected to decrease from 150 metric tons in 2024 to 98 metric tons by 2028. This forecast indicates a declining trend, with the market shrinking steadily year-on-year. The year-on-year decline from 2024 to 2025 is 13.33%, continuing to a 7.69% drop from 2025 to 2026, a 8.33% decrease from 2026 to 2027, and an 10.91% contraction from 2027 to 2028. In 2023, the market stood at 160 metric tons. The projected compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 suggests a decline, reflecting diminishing demand or market contractions.
Future trends to watch for may include:
- Shifts in consumer preferences towards alternative supplements or omega sources.
- Regulatory changes impacting the supply chain or production costs.
- Developments in sustainable fisheries management affecting raw material availability.
- Innovation in fish liver oil products opening new market segments.