The demand for fish body oil in the United Kingdom is expected to steadily decline from 2024 through 2028, with projected values dropping from 19.64 thousand metric tons in 2024 to 18.9 thousand metric tons in 2028. This trend represents a consistent annual decrease of approximately 0.9% over the five-year forecast period, leading to a compound annual growth rate (CAGR) of -0.9%. In 2023, demand was marginally higher, setting the stage for a downward trajectory in subsequent years.
Future trends to watch for include:
- Potential impacts of health awareness campaigns on fish oil consumption.
- Market dynamics such as sustainability and ethical sourcing affecting public attitudes.
- Development of alternative supplements that could influence demand.