Global fish oil market is expected to reach USD 4.08
billion by 2022, according to a new report by Grand View Research, Inc. Growing
demand for omega 3 along with rising aquaculture activities is expected to
propel growth over the forecast period.
 |
| North America Fish oil market revenue, by application, 2012 - 2022 (Kilo Tons) |
Increasing
health benefits of fish oil is expected to drive demand among food, and
pharmaceutical manufacturers. Rising consumer awareness regarding benefits of
the product for overall health and skin is expected to augment demand. However,
presence of substitutes including beef, and pork along with high prices of fish
oil is expected to hinder industry growth over the next seven years. Adoption
of modern aquaculture practice will open new opportunities for market expansion
over the forecast period.
Browse full
research report on Fish Oil Market: www.grandviewresearch.com/industry-analysis/fish-oil-market
Further
Key Findings From the Study Suggest:
- Direct human consumption accounted for over 9%
of the global revenue in 2014 and is expected to show significant gains
over the next seven years on account of high demand for functional foods
& supplements in India, China and Japan. Increasing LC-omega consumption
to maintain various health problems including cardiovascular, asthma,
psoriasis, eczema and Crohn’s disease will drive consumption over the next
seven years. In addition, rising intake of fish oil as it aids
neurological development and brain health in children is expected to
create immense market potential in the near future.
- Aquaculture dominated the global fish oil
industry generating revenues exceeding USD 1.97 billion in 2014. Growing
human consumption of fish is expected to propel aquaculture activities
over the forecast period. Rising awareness among companies engaged in
rearing and breeding of fish regarding the benefits adding fish oil to
aquafeed is expected to propel market growth over the forecast period.
- Asia Pacific demand was 463.1 kilo tons in 2014
and is expected to show significant gains in light of abundant fishing
farm land and growth of the food & beverage sector. In addition,
increasing consumption of omega 3 in infants’ formulas mainly in India and
China will fuel industry expansion.
- Key market players include Omega Protein, Croda
Inc., EPAX AS, Colpex, American Marine Ingredients, GC Rieber Oils and
Corpesca S.A. GC Rieber Oils offers omega 3 oil under the brand name “Vivo
Mega” for human health. The product is enhanced with various quantities of
EPA, DHA and a blend of EPA and DHA. Companies including Copeinca ASA,
Corpesca, FF Skagen and Pesquera Diamante S.A. are integrated in their
operations where the companies are engaged in fishing activities as well
as production of omega 3.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Grand View Research has segmented the global fish oil market on the basis
of application, and region:
Global Fish
Oil Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
- Aquaculture
- Aquaculture,
by product
- Salmon
& trout
- Marine
fish
- Crustaceans
- Tilapias
- Others
- Direct
Human Consumption
- Others
Global Fish
Oil Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
- North
America
- Europe
- Asia
Pacific
- Latin
America
- MEA
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-fish-oil-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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