Squid Oil Market Report 2026

The squid oil market size has grown strongly in recent years. It will grow from $5.31 billion in 2025 to $5.7 billion in 2026 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to growth in dietary supplement consumption, expansion of aquaculture operations, increased awareness of omega-3 benefits, availability of marine raw materials, adoption of refined marine oils.

The squid oil market size is expected to see strong growth in the next few years. It will grow to $7.77 billion in 2030 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to increasing demand for natural omega-3 sources, rising focus on sustainable marine harvesting, expansion of pharmaceutical-grade oil applications, growing investments in marine by-product utilization, increasing regulatory oversight on marine sourcing. Major trends in the forecast period include increasing demand for marine omega-3 supplements, rising use of squid oil in aquaculture feed, growing application in pharmaceutical formulations, expansion of sustainable marine sourcing practices, enhanced focus on oil purification technologies.

The increasing consumption of seafood is expected to drive the growth of the squid oil market. Seafood includes aquatic animals such as fish, shrimp, and octopuses consumed as food. Squid oil is a rich source of omega-3 fatty acids and a sustainable seafood alternative that can help alleviate symptoms of rheumatoid arthritis. For instance, in March 2024, Fisheries and Oceans Canada reported Snow/Queen Crab consumption reached 61,266 metric tonnes in 2023, up from 48,446 metric tonnes in 2022, while overall crab and other species consumption totaled 22,217 metric tonnes in 2023 compared to 24,313 metric tonnes in 2022. Therefore, the increasing consumption of seafood is driving the growth of the squid oil market.

Leading companies in the squid oil market are particularly invested in advancing their product portfolios, including fish oil solutions, to enhance nutritional supplements and broaden applications in pharmaceuticals and cosmetics. Fish oil solutions typically involve concentrated and purified forms of omega-3 fatty acids for improved health benefits. In October 2023, DSM-Firmenich AG, a Switzerland-based solutions provider known for its natural and renewable ingredients, introduced Life’s Omega O3020. This product features an exclusive single-source algal omega-3 supplement, maintaining a natural EPA to DHA ratio similar to standard fish oil but with twice the potency. The innovative Life’s Omega O3020 empowers dietary supplement brands to enrich their omega-3 offerings with a sustainable algal alternative, providing enhanced flexibility in addressing crucial health concerns and appealing to eco-conscious consumers.

In January 2023, Brasmar, a Portugal-based provider of sea products, acquired Holmes Seafood for an undisclosed amount. This acquisition strengthens Brasmar's presence in the British market, allowing for increased commercialization of its sea products. Holmes Seafood, based in the UK, is a producer of squid products.

Major companies operating in the squid oil market are OLVEA Fish Oils, Aker BioMarine, GC Rieber Oils, LYSI hf, Solutex GC, Rimfrost AS, Nippon Suisan Kaisha Ltd., Maruha Nichiro Corporation, Pesquera Exalmar SAA, TASA, COPEINCA ASA, Triplenine Group, China National Fisheries Corporation, Pescanova, Omega Protein Corporation, SeaDragon Marine Oils Limited, Qingdao Haixingyuan Biotechnology Co. Ltd., Tianjin YR Chemspec Technology Co. Ltd., Shen Zhen Simeiyue Tech Co. Ltd., Sireal.

Asia-Pacific was the largest region in the squid oil market in 2025.Europe is expected to be the fastest-growing region in the global squid oil market report during the forecast period. The regions covered in the squid oil market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the squid oil market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The squid oil market consists of sales of fish oil and krill oil, d-alpha tocopherol (vitamin E soy), and rosemary extract. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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