Fish Oil Alternatives Market Report 2025

This Fish Oil Alternatives market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The fish oil alternatives market size has grown strongly in recent years. It will grow from $2.68 billion in 2024 to $2.89 billion in 2025 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to growing awareness of fish oil contaminants, rising prevalence of fish allergies, increased vegetarian and vegan populations, health benefits of omega-3 fatty acids, and rising demand for dietary supplements.

The fish oil alternatives market size is expected to see strong growth in the next few years. It will grow to $3.89 billion in 2029 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to growing health and wellness trends, rising demand for clean-label products, regulatory push for sustainable products, growing market for vegan supplements, and increasing awareness of omega-3 health benefits. Major trends in the forecast period include increasing investment in algae farming, technological advancements in oil extraction, expansion of vegan product lines, increasing regulatory support for sustainable alternatives, and technological improvements in oil extraction.

The rise in popularity of vegan food is expected to drive growth in the fish oil alternatives market. This increase in popularity is due to heightened health awareness, environmental concerns, and ethical considerations regarding animal welfare. Vegan alternatives to fish oil, such as algae oil and flaxseed oil, offer essential omega-3 fatty acids without using animal sources. These alternatives are beneficial for cardiovascular health and provide environmentally sustainable options for vegans. For example, the International Food Information Council, a US-based nonprofit supported by the food, beverage, and agricultural industries, reported in May 2023 that the percentage of people following a vegan diet rose to 52% in 2022, up from 39% in 2021. The vegan population also increased to 2% compared to the previous year. Thus, the growing interest in vegan food is fueling the expansion of the fish oil alternatives market.

Leading companies in the fish oil alternatives market are focusing on developing innovative products, such as plant-based supplements that deliver omega-3 fatty acids without the environmental impact of fish oil. These supplements are derived from plants and provide essential nutrients, including omega-3 fatty acids, which are important for overall health. For instance, in June 2024, MegaFood, a US-based dietary supplement company, introduced the Omega 3-6-9 Supplement. This product features sustainably sourced ahiflower and fish-free algae oil, improved taste, and reduced burps thanks to careful processing and delayed-release capsules. It offers a comprehensive nutrient profile with omega-3, omega-6, and omega-9 fatty acids, providing a more eco-friendly, palatable, and holistic option in the fish oil alternatives market.

The growing food and beverage industry is expected to drive the expansion of the fish oil alternatives market in the future. The food and beverage industry encompasses the production, distribution, and consumption of food and drink products. This expanding sector plays a crucial role in advancing the development of sustainable fish oil alternatives by focusing on research, sustainability, nutrition, economic viability, and consumer preferences. For example, in April 2024, the Australian Bureau of Statistics, an Australian government statistical agency, reported that in 2022-23, a total of 14.8 million tonnes of food and non-alcoholic beverages were sold. Therefore, the growth of the food and beverage industry is fueling the rise of the fish oil alternatives market.

Major companies operating in the fish oil alternatives market are Cargill Inc., Archer Daniels Midland Company (ADM), BASF SE, Wilmar International, CHS Inc., Dupont De Nemours, Koninklijke DSM N.V., Croda International, Corbion, Pelagia AS, Omega Protein Corporation, Olvea Group, Connoils LLC, Sonic Biochem, TerraVia Holdings, Bioway Organic Group Limited, Veramaris, AlgiSys BioSciences Inc., GC Rieber Oils, Medix Laboratoires.

Asia-Pacific was the largest region in the fish oil alternatives market in 2024. The regions covered in the fish oil alternatives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the fish oil alternatives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Fish oil alternatives are sustainable sources of omega-3 fatty acids obtained from non-fish sources such as algae, krill, flaxseed, and chia seeds. These alternatives offer similar nutritional benefits to traditional fish oil and are mainly used as dietary supplements to promote cardiovascular health, cognitive function, joint health, and overall well-being, catering to those looking for vegan or eco-friendly options.

The primary types of fish oil alternatives include chia seed oil, soybean oil, canola oil, hemp seed oil, algae oil, walnut oil, and flaxseed oil. Chia seed oil, for instance, is rich in omega-3 fatty acids and is used in food products, dietary supplements, and skincare products. The fish species involved in traditional fish oil include anchovy, cod liver, menhaden, tuna, sardine, and salmon. These traditional sources are utilized in various sectors such as food and beverages, cosmetics and personal care, animal feed, pet food additives, pharmaceuticals, nutraceuticals, and biofuels.

The fish oil alternatives market research report is one of a series of new reports that provides fish oil alternatives market statistics, including fish oil alternatives industry global market size, regional shares, competitors with a fish oil alternatives market share, detailed fish oil alternatives market segments, market trends and opportunities, and any further data you may need to thrive in the fish oil alternatives industry. This fish oil alternatives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The fish oil alternatives market consists of sales of sacha inchi oil, perilla seed oil, evening primrose oil, pumpkin seed oil, olive oil, and blackcurrant seed oil. 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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