The fish liver oil market in China is forecasted to decrease in volume from 2024 to 2028. Starting from a volume of 82.0 metric tons in 2024, it is expected to drop annually, reaching 58.0 metric tons by 2028. This decrease reflects a declining trend over the forecast period. In terms of volume, the market stood at 95.0 metric tons in 2023. Year-on-year variations show a consistent decline. The CAGR for the next five years indicates a downward trend at an average annual rate of decline.
Future trends to watch for include:
- Changing consumer preferences towards alternative health supplements.
- Potential regulatory changes impacting fish liver oil production.
- Innovations in fish liver oil product formulations and their impact on market demand.
- Environmental concerns affecting fish populations and subsequently, liver oil extraction.
