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Fish Oil Market :Volume Share, by Type (Anchovy Fish, Mackerel Fish, Sardines Fish and Others) 2014 and 2020

09-23-2016 01:23 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Market Research Store

Fish Oil Market :Volume Share, by Type (Anchovy Fish, Mackerel

Zion Research has published a new report titled “Fish Oil (Anchovy, Mackerel, Sardines, Cod, Herring, Menhaden, Others) Market for Aquaculture, Animal Nutrition & Pet, Food, Pharmaceuticals Supplement & Functional Food and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 - 2020.” According to the report, the global fish oil market accounted for USD 2.22 Billion in 2014 and is expected to reach USD 2.93 Billion by 2020, growing at a CAGR of around 4.8% between 2015 and 2020.

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The global fish oil market is expected to witness significant growth over the forecast period on account of increasing demand from aquaculture industry. Fish oil plays an important role in prepared diets for carnivorous and omnivorous aquaculture species. The growing aquaculture industry and the consequent demand for fish oil is expected to drive the demand for fish oil in the aquaculture industry within the forecast period. Furthermore, the increasing awareness on the usage of omega 3 acid owing to its growing health benefits is expected to augment the demand for fish oil in the years to come. However, frequency and intensity of extreme climatic changes coupled with huge gap between world demand for fish and the actual harvest from the world's natural stocks is expected to curb the growth of fish oil market over the years.

Anchovy segment dominated the fish oil market with over 30% share of total volume consumption in 2014. These fish contain oil that is highly concentrated with healthy fats, primarily polyunsaturated fatty acids called omega-3 fatty acids. Sardine segment is another leading segment accounted for over 12% share of total market share in 2014. Cod and herring segments are expected to experience significant growth within the forecast period.

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Aquaculture emerged as the leading application segment by accounting for over 65% of the global volume in 2014. Fish oils are widely used in aquaculture as fish nutrition or fish feed. Aquaculture segment is expected to continue its dominance over the forecast period. Pharmaceutical application segment held 9.68% share of the overall market consumption in 2014 and expected to witness the significant growth in the years to comes on account of increasing health awareness among people. Supplement and functional food is another key outlet of fish oil market.

In terms of geography, Europe was the largest market for fish oil in the world due to the increasing demand from aquaculture industry. In terms of volume, Europe accounted for over 42% share of total fish oil market in 2014. Moreover, fish oil market has huge opportunity in the emerging markets of Asia Pacific due to increasing population in this region.

Browse the full report at http://bit.ly/2cQuqBi

Some of the key players include in fish oil market such as TASA, Omega Protein Corporation, Copeinca AS, Corpesca SA, FMC Corporation, TripleNine, Pesquera Diamante S.A, Marvesa Holding N.V., Pesquera Exalmar, FF Skagen A/S and Colpex international.

This report segments the global fish oil market as follows:

Global Fish oil Market: Type Segment Analysis

Anchovy
Mackerel
Sardines
Cod
Herring
Menhaden
Others
Global Fish oil Market: Application Segment Analysis

Aquaculture
Animal Nutrition & Pet Food
Pharmaceuticals
Supplement & Functional Food
Others
Global Fish oil Market: Regional Segment Analysis

North America
US
Canada
Mexico
Europe
Denmark
Norway
Belgium
Asia Pacific
China
Japan
Australia
Vietnam
Indonesia
Latin America And Middle East & Africa (LAMEA)
Peru
Chile
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Zion Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Zion Research experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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