Squid Oil Market Report 2026

Squid Oil Market Overview

• Squid Oil market size has reached to $5.31 billion in 2025 • Expected to grow to $7.77 billion in 2030 at a compound annual growth rate (CAGR) of 8.1% • Growth Driver: The Growing Consumption Of Seafood Expected To Drive The Squid Oil Market • Market Trend: Key Players Advancement Enhance Squid Oil Market Growth • Asia-Pacific was the largest region in 2025 and Europe is the fastest growing region.

What Is Covered Under Squid Oil Market?

Squid oil refers to purified, winterized, and deodorized fatty oil obtained from the body of the squid. It has omega-3 fatty acid source that benefits the heart, brain, and eyes. The main types of culture included in squid oil are freshwater, marine, and brackish water. Freshwater refers to pure or processed naturally occurring water that is not salty, is fit for consumption, and contains only minimal quantities of dissolved salts. These are sold through various distribution channels, including online retailers, health food stores, and specialty supplement stores, and are used for several applications, such as fertilizers, aquaculture, and pharmaceuticals.

What Is The Squid Oil Market Growth Forecast?

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.

What Is The Driver Of The Squid Oil Market?

The increasing consumption of seafood is expected to propel the growth of the squid oil market going forward. Seafood refers to aquatic creatures such as fish, shrimp, octopuses, and other sea creatures that are regarded as food by humans. Squid oil is a good source of omega-3 fatty acids and a sustainable source of seafood that helps soothe the symptoms of rheumatoid arthritis. For instance, in March 2024, Fisheries and Oceans Canada, a Canada-based government department, reported that Snow/Queen Crab consumption reached 61,266 metric tonnes in 2023, up from 48,446 metric tonnes in 2022. Additionally, the consumption of crab and other species 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 squid oil.

Key Players In The Global 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

Global Squid Oil Market Trends and Insights

Major companies operating in the squid oil markets are focused on developing advanced products such as fish oil solutions to enhance nutritional supplements and expand applications in pharmaceuticals and cosmetics. Fish oil solutions typically involve highly concentrated and purified forms of omega-3 fatty acids for enhanced health benefits. For instance, in October 2023, DSM-Firmenich AG, a Switzerland-based solutions provider with natural and renewable ingredients and renowned science and technology capabilities, launched Life’s Omega O3020 with an exclusive single-source algal omega-3 supplement, maintaining the natural EPA to DHA ratio akin to standard fish oil while delivering twice the potency. This innovative product, with its 1.5:1 EPA to DHA ratio, empowers dietary supplement brands to pivot towards or enrich their omega-3 offerings with a sustainable algal alternative. It offers enhanced flexibility in addressing vital health concerns, amplifying consumer allure while embracing a more eco-conscious approach.

What Are Latest Mergers And Acquisitions In The Squid Oil Market?

In January 2023, Brasmar, a Portugal-based provider of sea products acquired Holmes Seafood for an undisclosed amount. This acquisition allows Brasmar to increase the commercialization of its products to British consumers by strengthening its presence in this region. Holmes Seafood is a UK-based producer of squid products.

What Defines the Squid Oil Market?

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.

How is Market Value Defined and Measured?

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.

What Key Data and Analysis Are Included in the Squid Oil Market Report 2026?

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