Core Insights - Fish oil is derived from fatty fish and is rich in EPA and DHA, which are essential for cardiovascular health and brain development [1][2][3] - The fish oil market is segmented into crude and refined fish oil, with refined fish oil further categorized into feed-grade, pharmaceutical-grade, and food-grade [3][4] - The demand for refined fish oil is increasing due to rising health awareness, particularly in functional foods and health supplements [4][8] Industry Overview - The refined fish oil market in China is projected to grow, with sales expected to reach 424,900 tons in 2024, and 436,500 tons in 2025 [4][8] - The market structure for refined fish oil in China is dominated by feed-grade oil, which accounts for 92.12% of sales in 2024, and is expected to increase to 92.26% in 2025 [4][8] - Globally, refined fish oil sales are anticipated to reach 1,262,900 tons in 2024, with feed-grade oil making up 86.94% of the total [3][4] Competitive Landscape - The competition in the refined fish oil industry in China includes both international giants like DSM and BASF, and local companies such as Yuwang Bio and Chengdu Yuanda Biotechnology [6][7] - The market for food-grade fish oil is fragmented with numerous brands, while pharmaceutical-grade fish oil is dominated by companies like Sichuan Xinmeijia and Deyang Huatai [6][7] Industry Trends - The refined fish oil industry is expected to see innovation and quality improvements driven by technological advancements and stricter policy standards [8] - The market share is likely to concentrate among leading companies as regulatory standards tighten [8]