Global Fish Oil Market to Surpass USD 3.6 BN mark by 2025
Posted On February 26, 2019
According to Value Market Research, the Global Fish Oil Market will cross the USD 3.6 BN mark by the year 2025. The market will grow with a CAGR close to 4.8% between the year 2019 and 2022. It was valued at USD 2.6 BN (by revenue) in 2018.The study explicitly outlines the current and future market trends of global fish oil market. The forecast details provided in the report will assist in determining the market attractiveness as well identify profitable trends.
Fish oil is obtained from the tissue of the fish species and contain a high amount of long chain omega 3 fatty acids, such as EPA and DHA, which are important nutrients for human’s body. They have application areas across aquaculture feed, animal nutrition & pet feed, pharmaceuticals, supplements & functional food. Fish oil is basically used for various useful chemical reactions to form intermediates that are used in the manufacture of a wide range of chemical derivatives. In addition, fish oil is also used in a variety of consumer products, such as food supplements, functional food, etc.
The market report "Global Fish Oil Market Report By Source Species (Anchovy, Mackerel, Sardines, Cod, Herring, Menhaden, And Others), Application (Aquaculture, Animal Nutrition & Pet Food, Pharmaceuticals, Supplements & Functional Food, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation, and Forecast, 2018-2025" provide complete information on competitive benchmarking, market forecasts, company market shares, market opportunities, and the latest trends & dynamics
As per the report the rising awareness regarding health benefits of omega-3 is expected to foster the market growth over the forecasting timeline. Also, growing aquaculture activities along with the increasing demand for hydrogenated vegetable oils and margarine on account of changing eating habits among people is expected to stimulate industry expansion. Moreover, rising consumption of DHA/EPA helps in reducing blood pressure, bad cholesterol, and coronary heart diseases are also expected to augment the industry expansion. Further, increasing aquaculture activities across the globe is again expected to drive the demand for feeds containing fish oil.
Segmentation of the market has been done on the basis of source species, application, and region in the report. By source species the market has been fragmented into anchovy, mackerel, sardines, cod, herring, menhaden, and others. Anchovy is gaining huge demand among consumer since it is the most popular dietary supplement and all the essential nutrition. Its consumption helps to improve the heart-related disorders which are further fueling its demand across people. By application, the market has been split into aquaculture, animal nutrition & pet food, pharmaceuticals, supplements & functional food, and others. Aquaculture is dominating the segment owing to the growing concern over breeding and regular stocking for enhancing fish production output. Regional segmentation covers North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. At present, Europe is ruling the global fish oil market owing to the rising aquaculture activities in the region. Recently, the European Commission has passed the Common Fisheries Policy Reform and Strategic Guidelines, which is also expected to augment the aquaculture sector in the region.
The Report Segments Global Fish Oil Market -
By Source Species
- Salmon & Trout
- Marine fish
- Animal Nutrition & Pet food
- Supplements & Functional food
- North America
- Latin America
- Middle East and Africa
Key Market Players profiled in the Report -
Colpex international, Copeinca AS, Corpesca SA, FF Skagen A/S, FMC Corporation, Marvesa Holding N.V., Omega Protein Corporation, Pesquera Diamante S.A, Pesquera Exalmar, TASA, and TripleNine.
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