Introduction: The Strategic Role of Fish Oil in Vietnam & Global Markets
Fish oil plays a vital role across industries in Vietnam and the wider Asia-Pacific region, supporting aquafeed, biodiesel, nutraceuticals, and functional-food production. With improvement of pangasius industry in the Mekong Delta, Vietnam benefits from a steady supply of by-products, enabling processors to scale both crude and refined fish oil output.
With global demand for omega-3 oils increasing and buyers prioritizing quality and sustainability, staying updated on market developments is crucial. Reliable sourcing partners such as Chemtradeasia Vietnam and Chemtradeasia help bridge producers and end-users through efficient logistics and tailored supply solutions.
Fish Oil Market Size & Growth Trends
Vietnam’s fish oil market is on a strong upward trajectory. Growing awareness of health and nutrition is boosting demand for DHA/EPA products, while aquafeed manufacturers continue to absorb large volumes of crude and refined oils. The overall market is expected to grow at ~11.78% CAGR from 2025 onward, with the omega-3 segment projected to reach ~US$62.5 million by 2030.
Fish Oil Production Dynamics and Recent Trends
Vietnam’s production is underpinned by abundant pangasius by-products and expanding aquaculture activities. The fish fats and oils sector generated US$190 million in 2023, supported by a 10% rise in output before normalizing in 2024. Continued investment in molecular distillation and modern refining improves quality consistency and export readiness.
These upgrades benefit feed manufacturers and nutraceutical processors alike. With procurement made easier, businesses can secure bulk or specialized grades with greater reliability.
Key Dynamics Shaping the Fish Oil Market
Vietnam’s fish oil sector is being reshaped by demand growth, sustainability expectations, and environmental pressures. Several factors define the market outlook to 2030:
- Aquafeed remains the largest demand driver
Aquatic feed consumption is forecast to reach USD 618 million by 2030 (8.55% CAGR), ensuring steady demand for fish oils.
- Sustainability pressures reshape operations
Growing demand encourages processors to adopt cleaner extraction methods and responsible sourcing.
- Climate risks affect production stability:
Salinity intrusion and flooding in the Mekong Delta may increase production costs by 5–10% during severe impact years.
- Government policy supports modernization
Marine economy strategies to 2030 strengthen infrastructure, processing technology, and farmer cooperatives.
- Digital traceability gains momentum
Blockchain systems and cooperative networks improve transparency, helping exporters meet global compliance standards.
Together, these shifts guide Vietnam toward a modernized, more export-focused fish oil industry.
Fish Oil Trade Opportunities Through 2030
Vietnam is well positioned to expand its role as a regional supplier. Export volumes are projected to reach 80,000–100,000 tons annually by 2030, supported by strong demand in China (aquafeed), the EU (nutraceuticals), and Latin America/India (biodiesel).
Premium omega-3 oils offer higher margins, especially when EPA/DHA certification is met. At the same time, the market benefits from an import gap of 20,000+ tons per year of high-grade salmon oil on creating opportunities in blending, repackaging, and functional-food production.
Trade agreements such as EVFTA and ASEAN integration reduce barriers for value-added exports, while new high-margin segments emerge in functional foods, mariculture, and biodiesel growing at 11%+ CAGR.
These trends collectively position Vietnam as both a commodity supplier and a rising player in premium fish oil categories.
Fish Oil Supply–Demand Outlook (2026–2030)
Vietnam’s supply capacity is expected to remain stable at 80,000–90,000 tons annually, though climate impacts and sustainability regulations may gradually tighten availability. Domestic consumption continues to rise, driven by:
- Aquafeed
- Nutritional oils and supplements
- Biodiesel and industrial uses
High-grade imports will still support premium nutraceutical manufacturing. For long-term procurement strategies, Chemtradeasia offers flexible contract options and consistent supply assurance.
Conclusion
Vietnam’s fish oil industry is evolving rapidly, supported by strong pangasius production, advanced refining systems, and increasing global demand for omega-3 oils. Despite environmental and sustainability challenges, the country remains one of Asia-Pacific’s most reliable sourcing hubs.
Companies seeking crude, refined, or high-acid fish oil benefit from early procurement planning and strong logistics partnerships. For bulk purchases, customization, or long-term supply agreements, businesses can connect through Chemtradeasia Vietnam to secure dependable access to Vietnam’s growing fish oil market.
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