In 2023, Japan led in the global fish liver oil non-food uses market, exhibiting a 2.61% annual growth to reach 1.57 thousand metric tons, followed by the U.S. with a 1.06 thousand metric tons usage, signifying a 1.79% increase. Switzerland, Malta, and Colombia follow, with Malta showing a notable 6.58% growth, while India and South Korea faced declines of 12.94% and 16.06% respectively. Kenya also stands out with an 8.45% rise. Five-year trends highlight Japan’s consistent increase while several smaller countries maintained stability with minimal to no growth.
Future trends to watch include technological advancements in extraction processes and increasing demand for sustainable and eco-friendly fish liver oil products. Economic conditions, regulatory changes, and environmental impacts of overfishing may also influence production and distribution, potentially shifting demand between countries. Additionally, innovations in alternate uses of fish liver oil could open up new market opportunities.
Top countries in Fish Liver Oil Non-food Uses by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 1.57 | 2023 | +1.29% | +2.61% | View data |
| 2 | 2 United States | 1.06 | 2023 | +0.95% | +1.79% | View data |
| 3 | 3 Switzerland | 0.26 | 2023 | 0% | -0.75% | View data |
| 4 | 4 Malta | 0.11 | 2023 | +10% | +6.58% | View data |
| 5 | 5 Colombia | 0.11 | 2023 | 0% | 0% | View data |
| 6 | 6 Ghana | 0.1 | 2023 | 0% | +2.13% | View data |
| 7 | 7 Namibia | 0.1 | 2023 | 0% | 0% | View data |
| 8 | 8 Russia | 0.08 | 2023 | 0% | 0% | View data |
| 9 | 9 Egypt | 0.07 | 2023 | 0% | 0% | View data |
| 10 | 10 Bangladesh | 0.07 | 2023 | 0% | +3.13% | View data |
