In 2023, the US exported approximately 1.40 thousand metric tons of fish liver oil. Over the forecasted period from 2024 to 2028, exports are anticipated to steadily increase each year, reaching an estimated 1.46 thousand metric tons by 2028. The annual growth rate is modest, with an average compound annual growth rate (CAGR) of approximately 0.85% from 2024 to 2028, indicating a consistent upward trend in export volume.
Future trends to watch for include:
- Impact of global demand changes, especially from Asian markets known for high consumption.
- Environmental regulations that may affect supply and production methods.
- Technological advancements in extraction and processing that could enhance efficiency.