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.