Fish Oil Market Forecasted to Observe an Enormous Growth By 2025

The detailed report of Fish Oil Market evaluated by skilled experts is segmented into Application and Product. The Fish Oil Market is anticipated to witness considerable development in the following years from 2018-2025.

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Industry Overview & Trend Analysis:

The global fish oil market was valued around USD 3.06 billion in 2016 and is expected to reach roughly USD 4.90 billion by the end of 2025 while registering itself at a compound annual growth rate (CAGR) of 5.39% during the forecast period, due to growing aquaculture activities. Increasing customer awareness about health benefits of omega 3 is projected to drive fish oil demand during the forecast years. Rising demand for hydrogenated vegetable margarine and oils on account of altering eating habits is likely to reproduce industry growth. Additionally, rising product utilization in lubricants and defensive coatings is anticipated to boost growth. Consumption of EPA/DHA aids in cutting down bad cholesterol, blood pressure, and coronary heart problems involving strokes, which is likely to propel market growth. Escalating occurrence of heart diseases amongst people owing to unhealthy routine will encourage demand over the forecast years. Moreover, growing use of fish oil as an essential ingredient in beauty products, as creams and in all-purpose ointments is anticipated to encourage market growth. Increasing aquaculture activities, mostly in India and China, due to favorable weather conditions and plentiful availability of agricultural land is likely to boost demand for feeds containing fish oil. Growing consumption of omega-3 due to its several health benefits is predicted to stimulate the growth of the global market. However, elevated cost of the product together with a huge demand-supply gap is likely to restrain the growth of the global market over the next few years.

Competitive outlook and Trend Analysis:

The market is fairly saturated with key market players involved in constant product improvement and R&D.

The Key industry players are;

COPEINCA ASA
Croda Inc.
EPAX AS
GC Rieber Oils
Omega Protein
Corpesca S.A
American Marine Ingredients
Colpex International
In May 2014, American Marine Ingredients launched distillation method formulated for the production of omega-3 fish oils by the University of Alaska. Following to that, Enzymotec Ltd. introduced finest fish oil based produce, Omega PC. It is a wild and frozen fish extract comprising omega 3 fatty acids.

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Regional outlook and Trend Analysis:

In 2014, European fish oil industry was esteemed at USD 690 million. This region is likely to experience growth owing to expanding aquaculture activities in UK and Norway. Moreover, in 2014, the European Commission approved the Strategic Guidelines and Common Fisheries Policy Reform, which is likely to encourage aquaculture segment in the European region. North American region reported for around 7.5% share of the overall market volume and is forecasted to experience prominent growth over next few years due to rising awareness of dietary benefits of foods that contain fish oil in the United States, However, elevated red meat consumption in the United States and Mexico because of their high content of protein is likely to hamper the growth of the industry over the following years. Asia Pacific region is estimated to witness extensive augment at a compound annual growth rate of 2.4%, concerning volume, as a result of increasing aquaculture segment primarily in India, China, Bangladesh, Thailand, and Indonesia. Furthermore, increasing awareness towards healthy and nutritional diet in developing countries like India and China is likely to boost demand for nutritional supplements and consequently the global fish oil market.

The fish oil market is segmented as follows –

By Source Species: Anchovy, Mackerel, Sardines, Cod, Herring, Menhaden & Other Source Species

By Application: Aquaculture: ( Salmon & Trout, Marine fish, Crustaceans, Tilapias, Eles, Cyprinids & Other Aquaculture), Animal Nutrition & Pet food, Pharmaceuticals, Supplements & Functional food & Other Application

By Region: North America: (U.S, Canada & Mexico), Europe: (Germany, France, UK, Italy, Spain & Rest of Europe), Asia-Pacific: (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific) and Rest of the World: (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates & Others)

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Market Opportunities and Trend Analysis:

Escalating health approvals by different agencies involving The American Dietetic Association, EU, EFSA (European Food Safety Authority), and The Food and Drug Administration (FDA) alongside regulatory support to encourage fishing business is expected impact the global market positively. Growing R&D funding along with technological advancements to use the component in the medical sector will open new market avenues in the near future.

Major Table of Contents:

Part 1.Introduction

1.1.Report Description

1.2.Research Methodology

Part 2.Executive Summary

2.1.Key Highlights

Part 3.Market Overview

3.1.Introduction

3.2.Market Share Analysis

3.3.Market Dynamics

3.4.Industry Trends

Part 4.Fish Oil Market, By Source Species

4.1.Introduction

4.2.Fish Oil Market Assessment and Forecast, By Source Species, 2016-2025

4.3.Anchovy

4.5.Sardines

4.6.Cod

4.7.Herring

4.8.Menhaden

4.9.Other Source Species

Part 5.Fish Oil Market, By Application

5.1.Introduction

5.2.Fish Oil Market Assessment and Forecast, By Application, 2016-2025

5.3.Aquaculture

5.4.Animal Nutrition & Pet food

5.5.Pharmaceuticals

5.6.Supplements & Functional food

5.7.Other Applications

Part 6.Fish Oil Market, By Region

6.1.Introduction

6.2.Fish Oil Market Assessment and Forecast, By Region, 2016-2025 ($Million)

6.3.North America

6.4.Europe

6.5.Asia-Pacific

6.6.Rest of the World

Part 7.Company Profiles

7.1.Croda International Plc.

7.2.FMC Corporation

7.3.American Marine Ingredients

7.4.FF Skagen A/S

7.5.GC Rieber Oils

7.6.Copeinca ASA

7.7.Marvesa Holding N.V.

7.8.Nutrifynn Caps, Inc.

7.9.Omega Protein Corporation

7.10.Pesquera Diamante S.A.

7.11.TripleNine Group A/S

7.12.TASA

…Read Full Table of Contents

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