With 5.2% CAGR, Demand for Fish Oil is Expected to Reach US$ 4.3 Billion by 2033

The valuation of the global fish oil products market is set at US$ 2.6 billion for 2023 and is estimated to reach US$ 4.3 billion by 2033-end. This is backed by the demand for fish oil food products being estimated to increase at a CAGR of 5.2% through 2033.

Fish oil is derived from the tissue of fish that contain omega-3 fatty acids such as docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA). Omega-3 fatty acids are being used at an increased rate in medicine, functional foods, supplements, pet food, animal nutrition, and aquaculture. This acid is useful for the effective functioning of the nervous system and the human heart.

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Fish oil is a rich source of omega-3 fatty acids that has the potential to reduce bad cholesterol and the chances of coronary heart disease. Furthermore, it also works effectively to reduce blood pressure. In recent years, industry players are investing a handsome amount in R&D activities to fetch pharmaceuticals significance to the market products. The abundant availability of land that can be used for fishing purposes along with favorable climatic conditions across the globe is further predicted to boost aquaculture activities. These factors can further increase the market availability of fish oil products.

On the flip side, the high price of fish oil along with a gap in the demand and supply can restrict the growth opportunities in the global market. However, rising awareness about the health benefits of fish oil products will stimulate their sales around the world.

Key Takeaways from Market Study

• Sales of fish oil products are likely to increase at a CAGR of 5.2% through 2033.

• The market of Canada is projected to expand at a CAGR of 4.7% through 2033.

• The current valuation of the global fish oil products industry is US$ 2.6 billion.

• Valuation of the market for fish oil products is expected to reach US$ 4.3 billion by 2033-end.

• The market in Germany is likely to expand at a CAGR of 3.2% through 2033.

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Winning Strategy

Rising traction for supplement animal diets plays a vital role in increasing the fatty acids in numerous dairy products. There are various health advantages of fish oil for animal feed that are likely to cater to the rising requirement for animal nutrition.

Further, to gain a competitive edge in the global market, industry players are entering into partnerships.
For instance,

• FMC Corporation in February 2022 announced its partnership with NSPCA of South Africa. The partnership aims to expand the company's business across the African region.

Key Companies in Fish Oil Products Market:

• Abundant Health Ltd.
• Barlean's Organic Oils, LLC
• Captek Softgel International Inc.
• Omega Protein Corporation
• Nordic Naturals, Inc.
• Marine Ingredients

Segmentation of Fish Oil Products Industry Research

• By Species Type:

o White Whiting
o Anchoveta
o Sardine
o Capelin
o Salmon
o Other Species Types

• By Application:

o Supplements & Functional Foods
o Pharmaceuticals
o Animal Nutrition & Pet Foods
o Aquaculture
o Other Applications

• By Region:

o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa

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Table of Content

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
2.3. Inclusions/Exclusions

3. Key Market Trends

3.1. Key Trends Impacting the Market
3.2. Species Type modifications /Innovation

4. Key Success Factors

4.1. Strategic Developments
4.2. Key regulations
4.3. Species Type USPs /Technology
4.4. List of Manufacturers and Providers
TOC Contd…..

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