Forecast: Fish Liver Oil Demand in Brazil

As of 2023, the demand for fish liver oil in Brazil reached its observed level. Starting from 2024, the forecast shows a steady decline from 62.0 metric tons down to 39.0 metric tons by 2028. Year-on-year, the expected drop in demand is approximately 9.68% from 2024 to 2025, 10.71% from 2025 to 2026, followed by 10.0% in 2026 to 2027, and 13.33% from 2027 to 2028. The compound annual growth rate (CAGR) over the forecasted period indicates an average annual decrease.

Future trends to watch for include:

  • Changing consumer preferences towards alternative health supplements.
  • Potential policy shifts impacting fisheries and fish oil production.
  • Environmental factors influencing fish stocks and oil extraction.
  • Innovations in synthetic or plant-based supplements reducing fish liver oil dependency.

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