Salmon Oil Market

Salmon Oil Market Outlook (2024 to 2034)

The global salmon oil market will be valued at US$ 462.8 million by 2024 and has been forecasted to expand at a noteworthy CAGR of 5.9% to reach US$ 821.0 million by 2034. Atlantic salmon will be worth around US$ 292.5 million in 2024 and account for a 63.2% global market share.

The global salmon oil market is part of the marine oils-based supplements market which is growing very rapidly, primarily due to the rising awareness among people about the health benefits of Omega-3 fatty acids and the increasing inclination towards health supplements.

The trend has seen tremendous growth primarily due to increasing health concerns regarding diseases such as the heart, joints, and brain. More expansion of this industry is also supported by how they are used for human consumption (health supplements, functional ingredients, drugs), and animal nutrition (aquaculture, pet food).

Increased scientific research supports the idea that omega-3s from Salmon species are more bioavailable than those from other sources, which is why high-end formulations choose them. This strengthens the market's value proposition. However, the industry continues to expand due to improved product formulations and broader use in both human and animal nutrition, despite the constantly fluctuating pricing and availability of raw materials.

Report Attributes	Details
Salmon Oil Market Size (2023A)	US$ 437.0 Million
Estimated Market Value (2024E)	US$ 462.8 Million
Forecasted Market Value (2034F)	US$ 821.0 Million
Global Market Growth Rate (2024-2034)	5.9% CAGR
East Asia Market Share (2024)	22.4%
United States Market Growth Rate (2024-2034)	6.6% CAGR
Key Companies Profiled	Lerøy Seafood Group ASA; Mowi ASA; Cargill Aqua Nutrition; Cooke Aquaculture Inc.; American Marine Ingredients; Omega Protein Corporation; Golden Omega SA; Salmofood SA; FF Skagen A/S; Blueline Foods India Pvt Ltd; Lysi hf.; GC Rieber Oils AS; P/F Bakkafrost; Norway Royal Salmon ASA; SalMar ASA; Other Prominent Players

Sales Analysis of Salmon Oil (2019 to 2023) vs. Market Forecasts (2024 to 2034)

The value of the salmon oil market was US$ 342.6 million in 2019 and it will increase to US$ 437.0 million by 2023, expanding at a CAGR of 6.1%

• Short Term (2024 to 2028): Between the years 2024 and 2028, the need for meals high in protein and health consciousness is projected to drive growth in the global market for salmon oil. Natural supplement consumers are most drawn to salmon oil because it contains the necessary amino acids. Because consumers would be more interested in clean-label components, adoption in this phase will be higher owing to functional foods and nutritional supplements. This phase of prosperity will also be supported by the expansion of the seafood processing industry.
• Medium Term (2028 to 2030): Between the years 2028 and 2030, market expansion is anticipated to be propelled by the increasing necessity for sustainable salmon oil sourcing. The consumers along with the governmental agencies will push for green practices which will compel the fisheries to use sustainable fishing methods instead. This change will benefit those companies that embrace ethical sourcing as the market will become more focused on cleanliness and sustainability. Improvement in the extraction processes as a result of technological improvements will also enhance efficiency and the quality of the products.
• Long Term (2030 to 2034): During the period from 2030 to 2034, the global demand for salmon oil is expected to witness considerable growth on account of the rising use of marine ingredients in the development of pharmaceuticals. Salmon extracts containing bioactive substances will be leveraged increasingly in formulating dietary supplements, dietary food products, and functional medical products. The narrative is further justified by an increasing aging population worldwide and shifting focus toward preventive care. The proliferation of biotechnological and marine research activities will enable the development and introduction of new products into the market, guaranteeing the market's long-term viability.

According to the facts, the salmon oil market is anticipated to grow at a CAGR of 5.3% during the forecast period from 2024-2034, reports Fact.MR, a market research and competitive intelligence provider.

Market Dynamics

What are the factors propelling global sales of salmon oil?

“Growing awareness of omega-3 benefits drives consumer demand for salmon oil supplements”

The increased understanding of the benefits of omega-3 is a major element driving consumers' preference for salmon oil supplements. The general public has long been aware of the numerous health benefits of fish oils, which are mostly composed of omega-3 fatty acids, particularly about improving brain function, reducing inflammation, and improving cardiovascular fitness. People are now more inclined to search for safe treatment choices and dietary products used in prevention because of the changes in lifestyles and increased awareness of health issues like obesity, heart difficulties, and declines in cognitive performance.

As people begin to take control of their health and wish to take the necessary steps to keep healthy and avoid developing any degenerative disorders, this in turn has increased sales earnings worldwide. Because it is beneficial in improving both physical and mental health, the demand for fish oil is still growing.

“Rising cardiovascular health concerns promote the consumption of heart-friendly salmon oil”

Increasing factors associated with obesity on the other hand have contributed to dramatically increasing heart-friendly salmon oil supplements. Given that heart disease is one of the leading death causes all over the globe, people have started taking the issue of cardiovascular health conscientious.

Healthy omega-3 fatty acids rich in salmon oil comprised of EPA, eicosapentaenoic acid, and DHA also known as docosahexaenoic acid have proven to reduce the amount of triglycerides in the blood and inflammatory processes and enhance the normal functioning of the heart. Thus, many people have started adding salmon oil to their everyday meals as a preventive measure against heart complications. For instance, physicians typically prescribe omega-3 medications for patients with high cholesterol and patients at risk of heart disease thus increasing its popularity.

The increasing appeal of natural and alternative means of addressing health issues has entrenched the place in the wellness sector even further. Because individuals are actively searching for heart health and protection methods, the provision of salmon oil is still on the rise-this being in light of the cardiovascular goodness that being chronic risk-free promotes.

What are the challenges encountered by the processing of salmon oil?

“Fluctuating raw material prices lead to unpredictable profit margins for salmon oil producers”

The risk came from unstable raw material prices leading to unpredictable profit margins. Apparent raw salmon prices greatly depend on, among other factors, seasonal factors, supply chain blockages, and market variations. This means that companies are unable to effectively regulate their cost of production, and as a result, their pricing policies suffer, and it becomes hard to make profits. Political, climatic, or regulatory changes in significant salmon-producing markets can worsen the situation.

If raw material prices go up, the processing entities incur high costs of operations and this leads to lower profit margins as they are not able to transfer such costs to the end users or consumers. In addition, the increasing demand for sustainable practices within the industry often leads to sourcing practices that are more costly than usual, thus putting more pressure on costs. Therefore, issues of pricing become a constant supply chain management strategy for shelf-stable salmon oil manufacturers for them to remain active players in the market.

Country-wise Insights

How are US companies to meet the increasing demand for salmon oil nutritional supplements?

“Rising demand for salmon oil enriched with marine-based nutrients.”

The market in the United States is estimated at US$ 48.1 million in 2024 and is projected to expand at a CAGR of 6.6% through 2034. This market is projected to generate a US$ 42.9 million absolute opportunity from 2024 to 2034.

The present appeal for salmon oil fortified with marine resources is motivated chiefly by its health-enhancing properties. More and more consumers are inclined toward looking for dietary components that provide complete nutrition, such as Styrene, and Docosahexaenoic acid (components of Omega-3 fatty acids), and vegetarian heart-friendly product targets. This need is further accentuated by the ongoing shift in healthcare paradigms where individuals are more concerned with the improvement of their health through natural means.

With numerous studies attributing high absorption and efficiency rates to the use of marine nutrients, salmon oil has found a niche in the supplements sector. In addition, its emphasis on the sustainability and traceability of supply chains, which is important in the modern production of any products, has also attracted consumers who are concerned with the environment.

How do Nordic salmon oil companies compete with larger global manufacturers?

“Stringent Nordic food regulations driving high-quality salmon oil manufacturing.”

The stringent Nordic food regulation system is one of the key factors that encourage the quality manufacture of salmon oils. In the countries of the Nordic region, which are known with the rigor of their food safety regulations, it is a requirement for manufacturers to conform to strict regulations which are aimed at ensuring product purity, sustainability, and product traceability.

They go further than controlling the quality of the raw materials used; these regulations also promote responsible sourcing of the fish, limit the level of chemical preservatives used and standardize the method of processing the products. As a result, the manufacturers in that part of the world tend to aspire for the safety and efficacy of their products at the highest possible levels. Such a market regulatory environment has enhanced the perception of Nordic salmon oil among consumers as not just a dietary supplement, but an omega-3-rich food supplement of superior quality that is high in purity.

Category-wise Insights

What is the current global market value for Atlantic salmon and its projected growth?

“Atlantic salmon is for its omega-3 fatty acids, promoting cardiovascular health, thus encouraging higher consumption”

Atlantic salmon is well known for its high quantities of omega-3 fatty acids, especially EPA and DHA, which are useful in the promotion of heart wellness. This is further enhanced by the presence of omega-3 fatty acids in appeasing inflammation, decreasing blood pressure as well as enhancing the working of the heart, so salmon is preferred by individuals who watch what they eat.

The American Heart Association advises that fat-containing fish such as salmon should be incorporated into the daily diets of individuals as a preventative measure against heart problems. As more and more people became aware of the healthy value of salmon, its popularity soared as more and more consumers looked for food sources containing omega-3s. It is noted that the recent changes in consumer attitudes towards omega-3s are not of help only in increasing Empire’s market share of salmon, but also in improving its image as a healthy and beneficial to heart consumer food product.

“Rising demand for health supplements, protein, and omega-3 fatty acids.”

There is a favorable correlation between the rise in the number of consumers with disposable money and the demand for meals like Atlantic Cash. Spending on the most expensive and nutrient-dense food is becoming more popular in the East due to the growth of economies and the middle class in particular. A rise in health consciousness is reflected in this habit, which makes consumers seek out food items that are not only delicious but also nutritious. Because of their high quality, nutritional content, and ecologically friendly production methods, some premium options like organic and sustainable salmon are favored.

Given the current trend of integrating omega-3 in a general diet, which includes salmon, sales of premium seafood, such as salmon, will also increase during these times, reflecting a similar pattern in dietary trends.

What is driving the increased demand for salmon oil in the global nutraceuticals market?

“The nutraceutical market is witnessing a surge in diverse salmon oil products”

Most of the nutraceutical markets in the world have noted an inflow of many and varied salmon oil products. This is an indication that more consumers are showing interest in health promotion and disease prevention. Especially among elder consumers who know the benefits of eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), manufacturers are providing more different salmon oil products as capsules, in liquid form, or as supplemented food products. By offering multiple delivery modes, they have all the chances to encourage people to take salmon oil.

Also, modern consumers attach great importance to the aspects of convenience and flexibility in dietary supplements, which urges such products to evolve and there come new interesting concepts aimed to target specific health issues for example heart, memory, and joints. Such diversification of the market provides healthy competition for the existing market players and also helps in the expansion of the nutraceutical market.

Competitive Landscape & Market Developments

Market players in the salmon oil market are Lerøy Seafood Group ASA., Mowi ASA, Mowi ASA, Cooke Aquaculture Inc., American Marine Ingredients, Omega Protein Corporation, Golden Omega SA, Salmofood SA, FF Skagen A/S, Blueline Foods India Pvt Ltd, GC Rieber Oils AS, P/F Bakkafrost, Norway Royal Salmon ASA, SalMar ASA and other market players.

• Lerøy Seafood Group ASA: In Aug 2023, Leroy Seafood expanded its salmon production capabilities by upgrading its facilities in Norway. This move is part of its ongoing strategy to increase the production of high-quality salmon and salmon-derived products like salmon oil. The company is also investing in innovative technology to boost sustainability efforts, reducing environmental impact and ensuring traceability across its supply chain.
• Mowi ASA: In Sep 2023, Mowi launched a new range of premium salmon oil products targeting the nutraceutical market. These oils are designed to cater to the growing demand for omega-3-rich supplements. The launch aligns with Mowi’s efforts to diversify its product range beyond traditional food items.
• Cargill Aqua Nutrition. Oct 2023, Cargill Aqua Nutrition announced the expansion of its production plant in Chile. The expansion will significantly increase its production of salmon feed, which includes ingredients for high-quality salmon oil. Cargill has also focused on sustainable feed formulations.

Fact.MR has provided detailed information about the price points of key manufacturers of salmon oil positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Salmon Oil Market Research

• By Product Type :

  • Processed Salmon Oil
  • Fresh Salmon Oil
  • Raw Salmon Oil

• By Source Type :

  • Farmed Salmon
    • Atlantic Salmon
    • Pacific Salmon
  • Wild-caught Salmon
    • Sockeye
    • Coho
    • King/Chinook

• By End-Use Applications :

  • Human Consumption
    • Dietary Supplements
    • Functional Food
    • Pharmaceutical Products
    • Infant Formula
  • Animal Feed
    • Aquaculture Feed
    • Pet Food
    • Livestock Feed

• By Distribution Channel :

  • Direct Sales
  • Specialty Stores
  • Pharmacies
  • Online Retail
  • Supermarkets/Hypermarkets

• By Grade :

  • Food Grade
  • Feed Grade
  • Pharmaceutical Grade

• By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa