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