Fish Oil Market Growing at 5.8%CAGR to Hit USD 2.84 Billion | Corpesca SA, FF Skagen A/S, TripleNine

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.

Get Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/552

Major market players

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.
Pesquera Exalmar

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.

Place a direct purchase order of this report at: https://www.alliedmarketresearch.com/checkout-final/218fe7df560ce1455b3170abd02f6f34

Drivers, restraints, and opportunities

Significant growth of the aquaculture industry and increasing health awareness have boosted the growth of the global fish oil market. However, adverse climatic conditions, demand-supply gap, and stringent government regulation hamper the market growth. On the contrary, rapid ageing population connectivity and production from by-products are expected to create lucrative opportunities for market players in the coming years.

Request For Customization : https://www.alliedmarketresearch.com/request-for-customization/552

The anchovy segment dominated the market

By species, the anchovy segment held the largest share in 2019, accounting for more than two-fifths of the global fish oil market, owing to high concentration of EPA and DHA present in anchovy fish oils and rising use of anchovy fish oil in the pharmaceutical industry. However, the mackerel segment is expected to register the highest CAGR of 10.3% during the forecast period, due toincreased use in pharmaceutical application because of high concentration of omega 3 fatty acid.

The aquaculture segment to portray the highest CAGR through 2027

By application, the aquaculture segment is expected to manifest the highest CAGR of 8.9% during the forecast period, as fish oil is primarily fed to species such as salmon and trout. However, the food segment held the largest share, contributing to more than two-fifths of the global fish oil market, due to its increased consumption of fish oil supplements for lowering risk of heart and blood-related problems. Moreover,

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/552

North America to register the highest growth rate

By region, the global fish oil market across North America held the largest CAGR of 8.6% from 2021 to 2027, owing toawareness initiatives of the U.S. government for the consumption of omega-3 fatty acids to prevent health risks. However, the market across Asia-Pacific is expected to manifest the highest CAGR of 5.1% during the forecast period, due to rise of the aquaculture industry and increased consumption of fish oil as an aquafeed ingredient in Japan, China, and India.

Similar Reports

Pepperoni Foods Market https://www.alliedmarketresearch.com/pepperoni-foods-market

Pomace Camellia Oil Market: https://www.alliedmarketresearch.com/pomace-camellia-oil-market

Contact:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

About Us
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 domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. 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.

This release was published on openPR.