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.
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Application outlook and Trend Analysis
In 2014, aquaculture was the major segment evaluated at USD 1.97 billion and is anticipated to demonstrate substantial growth during the forecast years as a result of increasing significance of reproduction and regular stockpiling for improving fish production. Additionally, growing production of salmon along with positive market view on China’s aquaculture due to inexpensive labor as well as application expansion is likely to fuel market growth. Trout & salmon described for 57.7% of the international aquaculture market share in the year 2014 and will experience growth in illumination of the healthy farming land of salmon fish in Chile and Norway. Rising significance of salmon fish for human consumption owing to strengthening heart & muscle and enhancing metabolism purposes is anticipated to propel aqua-feed demand comprising fish oil in the coming years. Demand for human consumption is likely to witness rapid expansion as a result of rising consumption of functional foods and supplements. Increasing customer awareness concerning the elevated protein content as well as health benefits like dropping levels of cholesterol is projected to fuel the growth of the global fish oil market.
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.
Fish Oil Market – By Region:
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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)
Rest of the World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
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Fish Oil Market – List of Tables:
Table 1.Fish Oil Market, By Source Species ($Million), 2016-2025
Table 2.Anchovy Market, By Region ($Million), 2016-2025
Table 3.Mackerel Market, By Region ($Million), 2016-2025
Table 4.Sardines Market, By Region ($Million), 2016-2025
Table 5.Cod Market, By Region ($Million), 2016-2025
Table 6.Herring Market, By Region ($Million), 2016-2025
Table 7.Menhaden Market, By Region ($Million), 2016-2025
Table 8.Other Source Species Market, By Region ($Million), 2016-2025
Table 9.ish Oil Market, By Application ($Million), 2016-2025
Table 10.Aquaculture Market, By Region ($Million), 2016-2025
Table 11.Salmon & Trout Market, By Region ($Million), 2016-2025
Table 12.Marine fish Market, By Region ($Million), 2016-2025
Table 13.Crustaceans Market, By Region ($Million), 2016-2025
Table 14.Tilapias Market, By Region ($Million), 2016-2025
Table 15.Eles Market, By Region ($Million), 2016-2025
Table 16.Cyprinids Market, By Region ($Million), 2016-2025
Table 17.Other Aquaculture Market, By Region ($Million), 2016-2025
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1) An extensive research study on the Global Fish Oil Market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Fish Oil Market.
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3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.
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