In 2023, fish liver oil non-food uses in the US stood at approximately 1.06 thousand metric tons. The forecasts from 2024 to 2028 suggest a modest year-on-year growth from 1.07 to 1.1 thousand metric tons. The growth rate is consistent at around 0.9% annually, evidenced by the forecast values, indicating stable demand.
Over the forecast period, the Compound Annual Growth Rate (CAGR) is projected to remain low, reflecting steady but limited expansion. Key trends to watch include potential innovations in bio-based materials and health sectors that could increase demand. Industry players might need to adapt to these evolving applications to maximize market opportunities.
