Designed to make market research more actionable and strategically valuable, The Business Research Company’s 2026 market reports feature market attractiveness scoring, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, deeper supply chain intelligence, emerging startup tracking, and granular product-level insights.
Squid Oil Market Forecast 2026–2030: Size, Value And Compound Annual Growth Rate
The squid oil market size has demonstrated significant growth in recent years. It is anticipated to increase from $5.31 billion in 2025 to $5.7 billion in 2026, at a compound annual growth rate (CAGR) of 7.2%. This past growth can be ascribed to several factors, including the rising consumption of dietary supplements, the expansion of aquaculture activities, a greater understanding of omega-3 benefits, the accessibility of marine raw materials, and the wider adoption of refined marine oils.
The squid oil market is anticipated to experience substantial growth over the next few years. It is projected to reach $7.77 billion by 2030, demonstrating a compound annual growth rate of 8.1%. This expansion during the forecast period is primarily driven by the escalating demand for natural omega-3 sources, a heightened focus on sustainable marine harvesting practices, the broadening application of pharmaceutical-grade oils, increasing investments in the utilization of marine by-products, and enhanced regulatory oversight on marine sourcing. Significant trends expected in this period include a surge in demand for marine omega-3 supplements, the rising incorporation of squid oil into aquaculture feed, its expanding use in pharmaceutical formulations, the proliferation of sustainable marine sourcing methods, and an increased emphasis on advanced oil purification technologies.
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Squid Oil Market Growth Engine: The Factor Boosting Demand Globally
A rise in seafood intake is projected to fuel the expansion of the squid oil market in the future. Seafood encompasses aquatic organisms like fish, shrimp, octopuses, and various other marine animals consumed by people. Rich in omega-3 fatty acids, squid oil offers a sustainable seafood option beneficial for alleviating rheumatoid arthritis symptoms. For example, in March 2024, Fisheries and Oceans Canada, a government department based in Canada, disclosed that Snow/Queen Crab consumption hit 61,266 metric tonnes in 2023, an increase from 48,446 metric tonnes recorded in 2022. Furthermore, the total consumption of crab and other species amounted to 22,217 metric tonnes in 2023, in contrast to 24,313 metric tonnes in 2022. Consequently, the escalating consumption of seafood is a key driver for the growth of squid oil.
Which Categories And Subcategories Shape The Squid Oil Market?
The squid oil market covered in this report is segmented –
1) By Source Type: Wild-Caught Squid, Bycatch-Derived Squid
2) By Oil Processing Grade: Crude Squid Oil, Refined Squid Oil, Concentrated Squid Oil
3) By Application: Nutraceuticals and Dietary Supplements, Pharmaceuticals, Functional Food Ingredients, Aquaculture Feed (Marine Species), Cosmetics and Personal Care
4) By Distribution Channel: B2B Ingredient Suppliers, Nutraceutical Manufacturers, Pharmaceutical Companies, Online Retail (Finished Products), Specialty Health Stores
5) By End User: Supplement Manufacturers, Pharmaceutical Companies, Functional Food Producers, Aquafeed Manufacturers, Cosmetic Formulators
Subsegments:
1) By Wild-Caught Squid: Pelagic Ocean Squid, Deep-Sea Squid
2) By Bycatch-Derived Squid: Processing Waste Squid Oil: Trimming & Offal-Derived Squid Oil
Squid Oil Market Trend Insights: Strategic Focus Areas Of Leading Companies
Leading firms within the squid oil markets are prioritizing the creation of sophisticated items, including fish oil solutions, to boost nutritional supplement efficacy and broaden their utility across pharmaceutical and cosmetic sectors. These fish oil solutions commonly contain omega-3 fatty acids in highly concentrated and purified forms, designed to provide superior health advantages. An example of this is the launch in October 2023 by DSM-Firmenich AG, a Switzerland-based solutions provider recognized for its natural and renewable ingredients alongside strong scientific and technological expertise. They introduced Life’s Omega O3020, an exclusive single-source algal omega-3 supplement that preserves the natural EPA to DHA ratio similar to conventional fish oil, yet offers double the potency. This novel product, featuring a 1.5:1 EPA to DHA ratio, enables dietary supplement companies to transition to or enhance their omega-3 product lines using a sustainable algal option. It provides greater adaptability in tackling crucial health issues, thereby increasing consumer appeal while adopting a more environmentally responsible strategy.
Leading Organizations In The Squid Oil Market
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
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Squid Oil Market Regional Spotlight: Top Geography And Report Coverage
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.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
