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Report Overview

The global shark liver oil market size reached around USD 144.26 Million in 2024. The market is projected to grow at a CAGR of 7.30% between 2025 and 2034 to reach nearly USD 291.84 Million by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Compound Annual Growth Rate

Value in USD Million

7.3%

2025-2034


Shark Liver Oil Market Outlook

*this image is indicative*

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Large Production Volumes in Japan to Aid the Global Market for Shark Liver Oil

The shark liver oil industry is being influenced by the changing customer preferences and the rising level of health awareness. The large production volumes and exporting capacities of regions like Japan, closely followed by the United States, is driving the shark liver oil industry forward. The widespread use of shark liver oil in the healthcare industry is one of the major contributors to the market growth.

It is being rapidly consumed by the health-conscious consumers owing to its extraordinary healing properties as an anti-depressive and anti-psychotic drug. In terms of usage in the cosmetics industry, China leads the global market. The increased usage of shark liver oil in cosmetics as an ingredient of lip-balms and moisturisers has also propelled the market growth further.

Shark Liver Oil Market by Type

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Shark Liver Oil: Market Segmentation

Shark liver oil, as the name suggests, is obtained from the liver of sharks. It finds its major use as a remedy to promote healing of wounds and cure respiratory tract and digestive system problems. Additional claims suggest that it can also be used to treat cancer, HIV, and radiation illness, among others. The principal component of shark oil is squalene, ranging up to 90% of the oil.

Based on type, the market is divided into:

  • Deep Sea Shark
  • Dogfish
  • Basking Shark 
  • Others

By application, the market can be segmented into:

  • Food Industry
  • Textile
  • Pharmaceuticals
  • Fuel
  • Cosmetics and Personal Care
  • Others

Based on distribution channels, the market can be divided into:

  • Direct Sales
  • Indirect Sales
    • Specialty Stores
    • Pharmaceutical Stores
    • Online
    • Others

The regional markets for the product include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Associated Health Benefits are Driving the Market Growth of Shark Liver Oil

The shark liver oil industry is being driven by the inherent health benefits of the oil. Shark liver oil is rich in squalene. With the rising demand for squalene in various end-use industries, like cosmetics, pharmaceuticals, food, and chemicals, the market for shark liver oil is witnessing a rapid growth. The oil has been traditionally used to enhance immunity and is known to cure ailments like cancer, respiratory tract problems, and HIV. The rising health awareness among people and the need for an effective treatment for diseases is providing impetus to the global shark liver oil industry growth. The market is expected to witness growth in the coming years, being influenced by evolving customer preferences and an increase in the number of shark liver oil applications.

Key Industry Players in the Global Shark Liver Oil Market

The report gives a detailed analysis of the following key players in the global shark liver oil market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Arbee Group
  • Egao Co. Ltd.
  • Norwegian Fish Oil AS
  • Bawa Fishmeal & Oil Company
  • Lýsi hf
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model, along with giving a SWOT analysis.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2024, the market attained a value of nearly USD 144.26 Million.

The squalene market is projected to grow at a CAGR of 7.30% during the forecast period of 2025-2034 thus, continuing to support the growth of the shark liver oil industry.

The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 291.84 Million by 2034.

The major drivers of the industry, such as the growing demand for cosmetic products and increasing health awareness, are expected to aid the market growth.

The key trend guiding the growth of the market is the increase in R&D activities.

The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The leading types of the product in the industry are deep sea shark, dogfish, and basking shark, among others.

The major distribution channels in the market are direct sales and indirect sales.

The major application sectors in the industry are food industry, textile, pharmaceuticals, fuel, and cosmetics and personal care, among others.

The major players in the industry are Arbee Group, Egao Co. Ltd., Norwegian Fish Oil AS, Bawa Fishmeal & Oil Company, and Lýsi hf, among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • Distribution Channel
  • Region
Breakup by Type
  • Deep Sea Shark
  • Dogfish
  • Basking Shark
  • Others
Breakup by Application
  • Food Industry
  • Textile
  • Pharmaceuticals
  • Fuel
  • Cosmetic and Personal Care
  • Others
Breakup by Distribution Channel
  • Direct Sales
  • Indirect Sales
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Arbee Group
  • Egao Co. Ltd.
  • Norwegian Fish Oil AS
  • Bawa Fishmeal & Oil Company
  • Lýsi hf
  • Others
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