Consuming fish oil supplements or eating more fish can help prevent psychosis or psychotic disorders and aid neural health. The growing awareness regarding the benefits of omega 3 fatty acids and rise in direct human consumption (DHC) are the key factors aiding the development of the global fish oil market. The demand for fish oil and fish oil supplements is exceptionally high around the world. However, countries such as Peru, Denmark, and Chile emerged as the leading producers of fish oil, contributing to over 50% of the global fish oil production.
The research report provides a holistic overview of the global fish oil market. It analyzes the elementary components shaping the development of the market and highlights the factors responsible for growth and potential restraints on the market. Using an analytical approach, the report studies the growth trajectory of the market. The study segments the global fish oil market on the basis of chief application areas, varieties of fish oil, and key regional markets.
Regionally, the global fish oil market is segmented into Europe, North America, Latin America, Asia Pacific, and Rest of the World. The chief application segments of the fish oil industry include aquaculture, direct human consumption (DHC), and others (hydrogenation and industrial). Demand is anticipated to be significantly high from the European region due to the large-scale practice of aquaculture, which accounts for nearly 75% of total fish oil demand.
Overview of the Global Fish Oil Market
The global fish oil market, which stood at US$1.1 billion in 2011, is expected to rise to US$1.7 billion by the end of 2018. If the figures hold true, the market will develop at a positive 5.5% CAGR between 2012 and 2018. In 2011, the global fish oil market sold approximately 1,035 kilo tons of fish oil. The market will register only meager growth during the forecast period, with the sales expected to rise to 1,130 kilo tons by 2018, exhibiting a slow but positive CAGR of 1.22%.
Rising awareness regarding the benefits of omega 3 fatty acids, of which fish oil is a primary source, boosts the global market for fish oil. With the increasing dietary consumption of omega 3 fatty acid worldwide, the demand for fish oil is poised to increase exponentially in the next few years. However, the static or reduced production of fish oil globally may impede the market growth to a certain extent.
The most common sources of omega 3 fatty acids include fish, flax, and algae. However, a majority of omega 3 is commercially obtained from fish oils. Omega 3 also helps prevent heart diseases by reducing harmful triglyceride levels in the body. The growing awareness regarding such health benefits offered by omega 3 fatty acids has aided in augmenting the demand for fish oil globally.
Companies mentioned in the research report
COPEINCA ASA, PAX AS, Croda Inc., Omega Protein Coporation, and Colpex are some of the leading producers in the global fish oil market.
Fish Oil Market: Application Analysis
· Others (Hydrogenation and Industrial)
Fish Oil Market in Aquaculture, by Species:
· Others (Eels, mackerels, herrings)
Major geographies analyzed under this research report are:
This report gives you access to decisive data such as:
· Market growth drivers
· Factors limiting market growth
· Current market trends
· Market projections for the coming years
Key highlights of this report
· Overview of key market forces propelling and restraining market growth
· Up-to-date analyses of market trends and technological improvements
· Pin-point analyses of market competition dynamics to offer you a competitive edge
· An analysis of strategies of major competitors
· An array of graphics and SWOT analysis of major industry segments
· Detailed analyses of industry trends
· A well-defined technological growth map with an impact-analysis
· Offers a clear understanding of the competitive landscape and key product segments
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