The global fish oil market is
projected to reach USD 4.12 billion by 2023, growing with a CAGR of 4.7% from
2017 to 2023. Fish oil is largely used as a feed ingredient in numerous animal
and human nutritional applications, which include aquaculture feed, animal
nutrition & pet feed, pharmaceuticals, supplements & functional food.
Fish oil is the prime ingredient in aqua feed and growth of the global
aquaculture industry, subsequently results in the growth of the fish oil
market. Growing demand for hydrogenated vegetable oils and margarine on account
of changing eating habits is expected to simulate industry expansion. In
addition, growing product consumption in protective coatings and lubricants is
expected to augment growth over the forecast period.
Figure: Global Fish Oil Market by value 2015-2023
Segments Covered:
The report segments the global
fish oil market by species, application and region. The species include
anchovy, mackerel, sardines, cod, herring, and menhaden among others.
Furthermore, on the basis of application, the market has been segmented into
aquaculture, animal nutrition & pet food, pharmaceuticals, supplements and
functional food, among others.
Geographic Coverage and Analysis:
The report provides regional
analysis covering geographies such as North America, Europe, Asia-Pacific, and
Rest of the World. China is the biggest fish oil consumer in the world and this
is mainly due to the highest concentration of aquaculture industry in this
region. On the other hand, rising concern for chronic disease leads to the
adoption of omega 3 fish oil in countries like Japan, U.S., Denmark and
Belgium.
Companies Profiled:
The companies covered in the
report include TASA, Omega Protein Corporation, Copeinca AS, Corpesca SA, FMC
Corporation, TripleNine, Pesquera Diamante S.A, Marvesa Holding N.V., Pesquera
Exalmar, FF Skagen A/S and Colpex international.
Report Highlights:
The report provides deep insights
on demand forecasts, market trends and micro and macro indicators. In addition,
this report provides insights on the factors that are driving and restraining
the demand of fish oil globally as well as regionally. Moreover, IGR-Growth
Matrix analysis given in the report brings an insight on the investment areas
that existing or new market players can consider. The report provides insights into the market
using analytical tools such as Porter’s five forces analysis and value chain
analysis of fish oil. Moreover, the study highlights current market trends and
provides forecast from 2017 to 2023. We also have highlighted future trends in
the fish oil market that will impact the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight on the market share of the leading players. Additionally, the analysis
highlights rise and fall in the market shares of the key players in the market.
The report also provides in depth
analysis of regulatory framework pertaining to fish oil market. This will help
the companies to understand the regulatory compliance, supports, and barriers
in the fish oil market. This section
highlights key amendments and their implication on fish oil market in the short
run as well as in the long run.
This report will help
manufacturers, suppliers and distributors of the fish oil market to understand
the present and future trends in this market and formulate their strategies
accordingly.
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