Friday Squid Blog: The Market for Squid Oil Is Growing
August 17 2024How did I not know before now that there was a market for squid oil?
The squid oil market has experienced robust growth in recent years, expanding from $4.56 billion in 2023 to $4.94 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to global market growth, alternative to fish oil, cosmetics and skincare industry, sustainability practices, regulatory influence.
