Fish Oil Price Trend and Forecast 2026-2027

Canada remained the priciest Fish Oil market tracked. It climbed just above 2.3% in Q2 2026, to near USD 4,920/MT from about USD 4,809/MT in Q1, and it was the reduced South American anchovy catches against the steady aquafeed and nutraceutical demand that drove the move. The global average rose more modestly, from close to USD 3,765/MT to near USD 3,875/MT, a gain of roughly 2.9%. The tight raw material together with the firm aquafeed and supplement demand should keep the global average somewhere between USD 3,850 and 4,100/MT through the back half of the year.

The Fish Oil comes from processing the oily fish, mainly the anchovy, sardine, and menhaden, with Peru, Chile, Norway, and Denmark forming the backbone of the global supply. The purity together with the omega-3 concentration sets the price tier across the food, feed, and pharmaceutical grades. The aquaculture takes the largest share of the consumption by far, since the fish oil improves the feed efficiency and the omega-3 content for the salmon, shrimp, and trout farming, with the dietary supplements, the pharmaceutical concentrates, and the cosmetic formulations rounding things out. The supply depends heavily on the wild catch, so the seasonal fishing restrictions and the stock health move this market from quarter to quarter.

Fish Oil Price Forecast for 2026

The catch volumes across the Atlantic and South American fisheries feeding this market have not shown any real rebound, and it is this absence of a rebound that points toward a tight H2 2026. The aquafeed and nutraceutical demand keeps growing regardless.

A further catch shortfall, especially should the El Nino conditions return off Peru, could be what pushes the prices well above this forecast. A strong recovery in the anchovy or menhaden landings, or a pullback in the aquafeed buying, could be what gives the market room to ease instead.

For the Quarter Ending June 2026

Fish Oil Prices Q2 2026:

• Canada: USD 4,920/MT
• United Kingdom: USD 4,145/MT
• Japan: USD 2,432/MT
• France: USD 4,060/MT

Fish Oil Prices in Canada

Canada stayed the priciest market, and it was not a close call. The price climbed from about USD 4,809/MT to near USD 4,920/MT, a rise of just above 2.3%. The South American anchovy catch volumes stayed thin, and the aquafeed and nutraceutical buyers were not slowing their purchasing for it.

Why did the price of Fish Oil change in Q2 2026 in Canada?

Peru supplies a large share of the world's omega-3 raw material, and it is a shortfall in the anchovy landings there that tends to be felt by the refiners everywhere. The Canadian buyers lean on the bulk contracts for favorable terms, yet even they ended up paying more this quarter as the broader shortage worked through the supply chain. What stands out here is that the health supplement and aquafeed demand stayed steady enough that nobody had the leverage to push back.

Fish Oil Prices in United Kingdom

The United Kingdom buyers paid close to USD 4,145/MT on average, a gain of roughly 3.4% from about USD 4,009/MT in Q1. The North Sea catches stayed constrained, the Norway and Iceland imports tightened too, and the supplement manufacturers came back to restock after a slow Q4.

Why did the price of Fish Oil change in Q2 2026 in United Kingdom?

The United Kingdom leans heavily on the Norwegian and Icelandic imports to cover its own thin North Sea catch, and it was this channel that simply did not have slack this quarter. The supplement makers had been drawing down the inventory all winter, and when they came back into the market at almost the same moment that the import channel tightened, the prices moved faster here than in almost any other market tracked.

Fish Oil Prices in Japan

Japan stayed the cheapest market by a wide margin, with the price moving from about USD 2,377/MT to near USD 2,432/MT, a gain of roughly 2.3%, well below the sharper Atlantic-market gains this quarter. The demand was stable, and the supply was controlled.

Why did the price of Fish Oil change in Q2 2026 in Japan?

It is the sourcing mix in Japan, which is not concentrated in the same Atlantic and South American catch zones under the tightest strain, that appears to have kept this market more insulated. That does not mean it is immune. The firmer global benchmarks still pass through eventually, just more gradually here than elsewhere.

Fish Oil Prices in France

France posted one of the sharper moves this quarter, with the price climbing from about USD 3,937/MT to near USD 4,060/MT, a rise of just above 3.1%. The raw material stayed scarce, and it was the cosmetics and health supplement buyers who kept ordering even as the energy costs squeezed the processing margins.

Why did the price of Fish Oil change in Q2 2026 in France?

The cosmetics and supplement industries in France want the highest-purity grades, and it is this segment that does not pull back just because the prices climb. The fishing restrictions and environmental limits kept the raw material tight, and the higher energy costs added a second layer of pressure that the producers eventually passed through.

For the Quarter Ending March 2026

Fish Oil Prices Q1 2026:

• Canada: USD 4,809/MT
• United Kingdom: USD 4,009/MT
• Japan: USD 2,377/MT
• France: USD 3,937/MT

Fish Oil Prices in Canada

The price reached close to USD 4,809/MT in Q1 2026, a gain of roughly 2.2% from Q4 2025. It was the seasonal fishing limitations that cut the input availability, while the demand from the aquaculture and nutraceutical buyers held firm through it.

Why did the price of Fish Oil change in Q1 2026 in Canada?

The catch restrictions happen every year around this time, and this year they landed on top of the already-tight processing costs and firm freight conditions. The feed manufacturers and supplement producers kept ordering regardless, which is why the market absorbed the tighter supply without much resistance.

Fish Oil Prices in United Kingdom

The price reached close to USD 4,009/MT in Q1 2026, a gain of just above 3.3% from Q4 2025, one of the stronger moves of the period. The reduced North Sea catches squeezed the import flows, and it was the sustained supplement manufacturer demand that kept the buying pressure up.

Why did the price of Fish Oil change in Q1 2026 in United Kingdom?

The domestic fisheries pulled in less and paid more to operate, and it was this combination that pushed the United Kingdom further toward imports. The pharmaceutical and animal nutrition demand held steady enough to sustain the increase, and the currency movement added a bit more on top.

Fish Oil Prices in Japan

The price reached close to USD 2,377/MT in Q1 2026, a gain of about 2.0% from Q4 2025. It was the stable demand together with the controlled supply conditions, rather than any single dramatic driver, that produced the moderate increase.

Why did the price of Fish Oil change in Q1 2026 in Japan?

As we can see, this was an unremarkable quarter by this market's standards. The supply stayed controlled, the demand held its usual pattern, and the modest gain reflects general global cost pressure feeding through slowly rather than any local shortage.

Fish Oil Prices in France

The price reached close to USD 3,937/MT in Q1 2026, a gain of about 2.5% from Q4 2025. It was the limited raw material availability together with the steady cosmetic and supplement demand that produced the gradual climb.

Why did the price of Fish Oil change in Q1 2026 in France?

The fishing restrictions and environmental factors limited how much raw material the processors could bring in, and it was this scarcity that showed directly in the pricing. The cosmetic and supplement buyers need consistent purity, which is why they kept ordering regardless.

Quarterly Fish Oil Price Trends

Every quarter tracked here landed higher than the last, starting from close to USD 3,400/MT in Q1 2025 and building through about USD 3,480/MT, near USD 3,560/MT, and close to USD 3,660/MT by Q4, before reaching about USD 3,765/MT in Q1 2026 and near USD 3,875/MT in Q2. That is a rise of roughly 14.0% across the window, and it was the tightening catch volumes together with the steady aquafeed and nutraceutical demand that drove nearly all of it.

What was Fish Oil Price in 2025?

The catch volumes stayed constrained across the Atlantic and South America for nearly all of 2025, and it was the aquafeed, supplement, and pharmaceutical buyers who kept absorbing the tighter supply without pushing back on the price. The global average moved from close to USD 3,400/MT in Q1 to near USD 3,660/MT by Q4, a rise of just above 7.6%, with every quarter landing higher than the last.

Fish Oil Prices in Canada in 2025

The catch volumes stayed constrained across the Atlantic and South America for most of 2025, and it was this constraint that kept pressure on the Canadian price. The average moved from about USD 4,380/MT in Q1 to near USD 4,705/MT by Q4, a rise of just above 7.4%. The processing costs rose, the freight stayed firm, and the aquaculture and dietary supplement demand never really let the market breathe.

Fish Oil Prices in United Kingdom in 2025

The United Kingdom leaned harder into the Norwegian and Icelandic imports all through 2025 as the North Sea catches shrank. The average moved from close to USD 3,600/MT in Q1 to near USD 3,881/MT by Q4, a rise of just above 7.8%. The pharmaceutical and animal nutrition demand barely moved the whole year, and it was this steadiness that gave the producers no incentive to compete on price even as the costs kept climbing.

Fish Oil Prices in Japan in 2025

The stable demand and the controlled supply kept Japan gradual through 2025, while the Atlantic-facing markets saw sharper swings tied to the catch disruptions elsewhere. The average still rose from about USD 2,180/MT in Q1 to near USD 2,330/MT by Q4, a gain of just above 6.9%, the smallest annual gain among the four markets tracked.

Fish Oil Prices in France in 2025

The fishing restrictions limited the raw material all through 2025, and the steady demand from the cosmetic and supplement makers meant the scarcity went almost straight into the price. The average moved from about USD 3,550/MT in Q1 to near USD 3,841/MT by Q4, a rise of just above 8.2%, the largest annual gain among the four markets tracked.

How We Can Help

Expert Market Research: Your Source for Real-Time Fish Oil Price Intelligence

The Fish Oil pricing is a wild-catch story first and everything else second, which is why Expert Market Research starts there: the anchovy and menhaden stock health across Peru, Chile, and the North Atlantic, the seasonal fishing restrictions, and the processing and freight cost movements. This is layered together with the aquafeed and nutraceutical demand cycles across the four markets covered here, and combined with the trade flow data and the regional supply signals to build the forecasts. Whether the Fish Oil pricing data, the custom analysis, or the procurement strategy support is needed, the team is available for it.