In 2023, India's fish body oil production was 53.64 thousand metric tons. From 2023 to 2024, production is forecasted to grow by approximately 2.15%. Following that, the coming years see a steady year-on-year increase: approximately 2.21% to 2025, 2.12% to 2026, 2.03% to 2027, and 1.95% to 2028. The compound annual growth rate (CAGR) over this five-year forecast period is about 2.11%.
Future trends to watch:
- Emphasis on sustainable fishing practices could impact production capabilities.
- Consumer demand for Omega-3 products may drive market growth.
- Policy changes related to marine biodiversity conservation could affect yields.
