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Research Reports

Global Marine Oil Market Projected to Reach USD 3.2 Billion by 2035, Driven by Aqua Feed Demand and Nutraceutical Growth

Published by Jessica Weisman-Pitts

Posted on April 28, 2025

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Sustainability, innovation, and regional strategies reshape the global marine oil market across nutrition, aquaculture, fuel, and industrial applications.

Fact.MR, a leading market research and competitive intelligence provider, has released its comprehensive analysis of the global marine oil market. The report projects the market to expand from USD 2.2 billion in 2025 to USD 3.2 billion by 2035, growing at a compound annual growth rate (CAGR) of 4%. This growth is primarily attributed to the increasing demand for omega-3-rich oils in aqua feed, pharmaceuticals, and nutraceuticals, alongside advancements in sustainable sourcing and processing technologies.

Marine oil, encompassing fish oil, algae oil, and blended variants, is witnessing heightened demand due to its rich content of omega-3 fatty acids like EPA and DHA. These components are essential for cardiovascular and cognitive health, making marine oil a sought-after ingredient in dietary supplements and functional foods. ​

The aquaculture industry's expansion is a significant driver, with marine oil being a critical component in aqua feed to enhance fish growth and nutritional value. Furthermore, the shift towards sustainable and traceable sourcing has led to increased interest in algae-based oils, which offer a plant-based alternative to traditional fish oils.

Technological advancements, such as AI-driven quality control and block chain for supply chain transparency, are also propelling the market forward. These innovations ensure product purity, traceability, and compliance with stringent regulatory standards, thereby boosting consumer confidence and market penetration.

For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=5377

Key Takeaways from Market Study

  • The marine oil market is projected to grow at 4% CAGR and reach USD 3.2 billion by 2035
  • The U.S. industry is expected to grow at a 5.9% CAGR during the study period
  • The French marine oil market is anticipated to grow at 4.8% CAGR during the study period
  • The German marine oil market will grow at 4.5% CAGR during the period of study
  • The Italian marine oil market is expected to register growth at 4.2% CAGR during the forecast period
  • China is expected to experience a CAGR of 6.8%

“The marine oil market is evolving rapidly, driven by sustainability trends, technological innovation, and shifting global demands across regions, with firms focusing on purity, traceability, and eco-friendly solutions.” says a Fact.MR analyst.

Market Development

The global marine oil market is becoming increasingly consolidated, with established players tightening their grip, while smaller, niche producers carve out space by offering sustainable and specialized formulations. Leading the charge in operational scaling are companies like China Fishery Group, Clover Corporation, and Mukka Sea Foods Industries, who are optimizing supply chains and forming joint ventures in regions with strong potential for fish oil production.

On the innovation front, GC Rieber and TASA remain at the forefront, launching high-purity omega-3 concentrates and investing in green extraction technologies. Meanwhile, Clover Corporation has responded to rising demand by ramping up production at its newly expanded encapsulation facility in Australia, targeting the growing market for functional applications.

Mukka Sea Foods is also upgrading its vertically integrated operations in India, focusing on improved feedstock traceability and more efficient refining methods. At the same time, Solutex Inc. and Pharma Marine are pioneering patented technologies for algae-based and non-GMO oils, which are rapidly gaining favor with nutraceutical brands across Europe and North America. A notable collaboration is that of Evonik and GC Rieber, working with biopharma firms to incorporate these oils into medical nutrition products.

Amid increasingly strict traceability and sustainability regulations, industry newcomers face higher barriers to entry. However, firms like TripleNine and Olvea Group are addressing these challenges with blockchain-based sourcing systems and comprehensive eco-certifications.

Leading Players Driving Innovation in the Marine Oil Market

Prominent companies include China Fishery Group Limited, Clover Corporation Ltd., Mukka Sea Foods Industries Ltd., GC Rieber, TASA, Arbee, Austral Group, Cellana Inc., Pesquera Diamante, Pesquera Hayduk, Solutex Inc., Evonik Industries, Pharma Marine, TripleNine, Olvea Group, and Nissui Group and other market Players are driving the marine oil industry.

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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the marine oil market, presenting historical data and forecast statistics for 2025 to 2035. The marine oil market is segmented by product type into fish oil, algae oil, and blended fish oil. By processing, it is divided into refined and crude forms. In terms of end-user, the market serves pharmaceuticals, aqua feed, and other applications. Regionally, the market spans North America, Latin America, EMEA (Europe, Middle East, and Africa), East Asia, and South Asia & Pacific. This structured segmentation highlights the diversity in source, processing methods, and application areas, reflecting the growing demand for marine oils across industries and geographies.

Check out More Related Studies Published by Fact.MR Research:

Marine lubricants market is valued at US$ 6.1 billion and is forecast to exceed US$ 7.1 billion by 2032. Synthetic marine lubricants dominate the market.

Marine biofuel market size is calculated at a value of US$ 3.94 billion for 2024 and is projected to end up at US$ 7.99 billion by 2034. Worldwide demand for marine biofuel is forecasted to rise at 7.3% CAGR between 2024 and 2034.

Fish oil products market is set at US$ 2.6 billion for 2023 and is estimated to reach US$ 4.3 billion by 2033-end. This is backed by the demand for fish oil food products being estimated to increase at a CAGR of 5.2% through 2033.

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.

Fish oil market is estimated at US$ 2.26 billion in 2024 and is expected to increase to US$ 3.99 billion by the end of 2034. Worldwide demand for fish oil has been projected to rise at a value CAGR of 5.9% from 2024 to 2034.

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