The fish body oil import volume in India is forecasted to increase steadily from 990 metric tons in 2024 to 1150 metric tons in 2028. In 2023, the import volume stood at 950 metric tons, marking a year-on-year increase of 4.2% in 2024. The consistent upward trend reflects increasing demand, showing year-on-year growth of approximately 4% over successive years. The five-year Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 3.8%, suggesting modest but steady growth.
Future trends to watch for include:
- Rising health awareness driving higher consumption of omega-3 supplements.
- Government policies affecting the imports of nutritional supplements.
- Volatility in global fish oil markets impacting price and supply chains.
