Fish Oil Market Poised to Grow at a Robust CAGR and Gain Valuation of US$ 2,166.3 Mn by 2028

Fish oil is one of the most commonly consumed dietary supplements. Several studies have consistently shown that taking fish oil supplements on a daily basis is a highly effective and efficient way of getting enough Omega 3 fatty acids in a person diet to make a positive difference to the health. Market Research Hub (MRH) has publicized a study titled “Fish Oil Market” Global Industry Analysis (2013 - 2017) & Opportunity Assessment (2018 - 2028), to its mega-repository, which offers precise analysis of the global market by considering the review period of 2013 to 2017. Moreover, with the ten-year extensive forecast, it provides insights into the key aspects that will contribute towards the future growth of the market. This precise study is an essential tool for the companies and the new industry participants.

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In this 303-page study, the readers can access data about the executive summary which covers market snapshot to enlighten them about the motive of the study. Other important facets studied in this section include segmental analysis and competitive strategies. An important section covering geographical expansion of the market has been explained in the study, which highlights regions such as North America, Latin America, Japan, Asia-Pacific and MEA.

Key Highlights from the Study

The growing demand for Omega-3 fatty acid supplements that helps in the prevention of cancer, stroke, and heart attack and is found in fish oil is also one of the reasons behind the growing demand for fish oil across the globe. According to the study evaluations, the global fish oil was worth US$ 1,082.8 Mn in 2017 and is projected to touch a valuation of US$ 2,166.3 Mn by the end of 2028. The market is expected to exhibit a CAGR of 6.7% over the course of the forecast period of 2018-2028.

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From a geographical standpoint, the study finds that Latin America is one of the most diverse regions on the planet, but when it comes to food and beverage preferences. Therefore demand for healthier products in the region is increasing rapidly. On the other hand, the research also finds that rise in fish oil price has been increasing due to various reasons, importantly being stagnant global supplies of fish oil, and robust industrial demand for fish oil in the major consumption countries.

Apart from regional insights, the market study has been analyzed on the basis of product type, process, grade, packaging and end-user. By product type, the study covers salmon oil, cod liver oil, krill oil, tuna oil, squalene oil, anchovy oil, sardine oil, menhaden oil and others. Major end-user include aquafeed, dietary supplements, food and beverages, and others. On the basis of process, the study covers refined, modified and crude.

The report also provides extensive competitive analysis and profiles of the principal companies in the operating in the global fish oil market. They are Alpha Atlantique, PT FKS Multi Agro Tbk, TASA (Tecnologica De Alimentos S.A.), China Fishery Group Ltd., The Chemical Company, Empresas Copec S.A., and Fahad Fishmeal & Oil Compan, among others.

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This release was published on openPR.