In 2023, Japan's import of fish oils stood at approximately 18 million kilograms. Forecasts indicate a downward trend from 2024 to 2028, with imports expected to decrease from 17.369 million kilograms to 14.693 million kilograms. This represents a year-on-year average decline of approximately 3.25% over this five-year period, indicating a consistent reduction in volume each year.
Key future trends to watch for include:
- Potential shifts in domestic fish oil production as a substitute for imports.
- Changes in dietary habits or supplements in Japan that could affect demand for fish oils.
- Global market conditions influencing supply chain dynamics and prices.
- Environmental and sustainability concerns impacting fish oil sourcing.