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Fish Oil Market 2021: Explore Top Factors that Will Boost the Global Market by 2027

09-21-2021 02:06 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Fish Oil Market

Fish Oil Market

Fish Oil Market by Species and Application : Global Opportunity Analysis and Industry Forecast, 2021–2027,” the global fish oil market size was valued at $1.9 billion in 2019, and is estimated to reach $ 2.8 billion by 2027 with a CAGR of 5.79% from 2021 to 2027. With a considerable decline in the count of several marine species, the governments across various countries have imposed quota restrictions on the practice of wild fish catching, as a measure to preserve marine life.

This alternatively results in the rise of aquaculture, which is an effective intervention that involves the rearing of fish in artificially controlled environments. Moreover, the rearing of farmed fish is much more stable and secure from environmental threats, subsequently resulting in a steady supply of fish supplies, which is imperative for buyers such as large retail and the food and hotel industry. Fish oil is used as a prime ingredient for the aqua feed due to its high production yield, and a high protein yield. Hence, the consumption of fish oil is increasing along with the growth of aquaculture industry.

In-depth analysis of the COVID-19 impact on the Fish Oil Market@ https://www.alliedmarketresearch.com/request-for-customization/552?reqfor=covid

Covid-19 scenario:
• The demand for fish oil supplements has witnessed a hike during the covid-19 outbreak. In addition, these are being prescribed for patients with Covid-19 as there is vigorous evidence that it can be helpful to the course of sepsis.
• At the same time, the scarcity of workers and disrupted supply chain have resulted into a shortage of fish oil supplements.

The global fish oil market is segmented into species, application and region. Based on species, the anchovy segment held the largest share in 2019, accounting for more than two-fifths of the market. However, the mackerel segment is expected to register the highest CAGR of 10.3% during the forecast period. The report also includes segments such as sardines, cod, herring, menhaden and others

Based on application, the market is aquaculture, animal nutrition & pet food, pharmaceuticals, supplements & functional food and others. The aquaculture segment is expected to manifest the highest CAGR of 8.9% during the forecast period. At the same time, the food segment held the largest share.

Based on region, the global market across Asia-Pacific held the highest market share in 2019, accounting for more than three-fifths of the total revenue share. On the other hand, North America region is anticipated to manifest the fastest CAGR of 8.6% from 2021 to 2027. The report also examines the market across Europe and LAMEA regions.

Major market players in the report include Omega Protein Corporation, Copeinca AS, FMC Corporation, Colpex International, Corpesca SA, FF Skagen A/S, TripleNine Group A/S, Marvesa Holding N.V., Pesquera Diamante S.A., and PesqueraExalmar

Download Sample Copy Of Report@ https://www.alliedmarketresearch.com/request-sample/552

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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