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The Global Fish Oil Market to Reap $2623.19 Million by 2028

02-23-2021 01:11 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Triton Market Research

Global Fish Oil Market

Global Fish Oil Market

According to Triton’s report, the global fish oil market garnered $1936.72 million in 2020, and is set to showcase 5.62% of CAGR by 2028.

A recent study by Triton Market Research titled ‘Global Fish Oil Market,’ covers the Global Analysis and Forecasts by Application (Animal Nutrition, Supplements & Functional Food, Aquaculture [Salmon & Trout, Cyprinids, Eels, Tilapias, Crustaceans, Marine Fish, Other Aquaculture], Pharmaceuticals, Other Applications), by Species (Menhaden, Herring, Cod, Sardines, Mackerel, Anchovy, Other Species), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa).

Request Free Sample of the Global Adhesives Market Report @ https://www.tritonmarketresearch.com/reports/fish-oil-market#request-free-sample

Triton’s report predicts the global fish oil market to chart a CAGR of 5.62% over the forecast period 2021-2028, and generate a revenue of $2623.19 million by the year 2028. It is also expected to depict growth with a CAGR of 3.41%, thereby amounting to 1141.34 kilotons in volume by the same time.

There has been a surging demand for fish oil by sportspersons. This is because it helps them with endurance, and eases their muscular pain. When taken regularly, fish oil supplements reduce the severity of EIB (exercise-induced bronchoconstriction) in athletes. This factor is contributing to the market growth. However, the governments of several nations have imposed strict regulations pertaining to fish oil production, and have set fishing quotas. This has limited fishing activity, in turn, hampering the production and the growth of the fish oil market.

The market for fish oil is segmented mainly into application and species. On the basis of application, it is divided into animal nutrition, supplements & functional food, aquaculture, pharmaceuticals, and other applications. The aquaculture sub-segment is further categorized into salmon & trout, cyprinids, eels, tilapias, crustaceans, marine fish, and other aquaculture. According to species, the industry is categorized into menhaden, herring, cod, sardines, mackerel, anchovy, and other species.

The fish oil market in the Asia-Pacific is the largest globally, holding the highest share. The market in this region is being rapidly driven primarily by the growing aquaculture industry. Fish oil is largely used as an aquafeed ingredient in the countries of China, India, and Japan. In Japan, omega-3 fish oil is largely used in the manufacturing of pharmaceuticals and nutraceuticals. Also, the nation’s EPA and DHA market has grown significantly in the last couple of years, as a result of the growing health concerns in people. All these factors indicate a high rate of consumption of fish oil in the APAC region, which is bolstering this market’s growth.

Omega Protein Corporation, Lysi Hf, Pesquera Exalmar, FF Skagen A/S, Colpex International, BASF SE, GC Reiber Vivomega Oils, Corpesca SA, Triplenine Group A/S, Royal DSM NV, Croda International Plc, Marvesa Holdings NV, FMC Corporation, Pesquera Diamante SA, and Copeinca AS are the established players in this market.

Purchase this Report @ https://www.tritonmarketresearch.com/reports/fish-oil-market#purchase-option

Question & Answer: Fish Oil Market

Question 1: What factor is contributing to the fish oil market growth?

Answer: There has been a surging demand for fish oil by sportspersons. This is because it helps them with endurance, and eases their muscular pain. When taken regularly, fish oil supplements reduce the severity of EIB (exercise-induced bronchoconstriction) in athletes. This factor is contributing to the market growth.

Question 2: What factor is hampering the production and the growth of the fish oil market?

Answer: The governments of several nations have imposed strict regulations pertaining to fish oil production, and have set fishing quotas. This has limited fishing activity, in turn, hampering the production and the growth of the fish oil market.

Question 3: How is the Asia-Pacific region influencing the growth of the fish oil market?

Answer: The fish oil market in the Asia-Pacific is the largest globally, holding the highest share. The market in this region is being rapidly driven primarily by the growing aquaculture industry. Fish oil is largely used as an aquafeed ingredient in the countries of China, India, and Japan. In Japan, omega-3 fish oil is largely used in the manufacturing of pharmaceuticals and nutraceuticals. Also, the nation’s EPA and DHA market has grown significantly in the last couple of years, as a result of the growing health concerns in people. All these factors indicate a high rate of consumption of fish oil in the APAC region, which is bolstering this market’s growth.

Question 4: Which are the established players in the fish oil market?

Answer: Omega Protein Corporation, Lysi Hf, Pesquera Exalmar, FF Skagen A/S, Colpex International, BASF SE, GC Reiber Vivomega Oils, Corpesca SA, Triplenine Group A/S, Royal DSM NV, Croda International Plc, Marvesa Holdings NV, FMC Corporation, Pesquera Diamante SA, and Copeinca AS are the established players in this market.

Related Report:

Global Dietary Supplement Market
The global dietary supplement market is set to exhibit growth in the forecasting years from 2019 to 2028. It will grow at a CAGR of 8.91% in terms of revenue, generating $306.13 billion by 2027.
Due to the growing public awareness, the health and wellness industry is anticipated to witness growth. This, in turn, is expected to promote the adoption of dietary supplements in the coming years. Further, there has been a growing inclination towards clinical nutrition. Dietary supplement ingredients, such as vitamins, carotenoids, omega-3, and mineral blends, help reduce the risk of malnutrition in infants and adults. High birth rates, rising number of premature births, growing elderly population, and the increasing number of patients being treated for malnutrition are estimated to promote the consumption of clinical nutrition products over the forecast period.

Triton Market Research
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London E16 2EQ
Phone: +44 7441 911839
Email: sales@tritonmarketresearch.com
Website: https://www.tritonmarketresearch.com/

We are a leading market research company with offices in the UK, providing the best online market research and data search reports to our clients.

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