Global Fish Oil Market Size Forecast and Demand Analysis 2024

Besides the uncertainty in the fish production, sudden slump in the investment has been witnessed in 2016. Increasing supply of fish oil for the production of healthy intake of fatty acid is attracting major players to enter in the market. Our analyst predicted strong growth in global fish oil market in upcoming years.
Increasing number of health conscious people all across the globe is a major factor driving global fish oil market. Fish oil is used in different dietary supplements to provide a healthy life not only to human but also to animals. Since in human it is consumed directly the presence of Omega 3 fatty acid helps in prevention of different disease such as ulcer, cancer, anemia etc. Fish oil market segmentation has been carried out on the basis of different sources of species. The market is divided into Salmon and trout, marine fish, Crustaceans, Tilapias and Carps where salmon and trout tend to dominate the market holding the volume share of approximately 60% till the period 2016. The increase in demand of salmon and trout is because they can be used for direct consumption for strengthening muscles etc. Global fish oil market size reached USD 2.50 billion in 2016 and is predicted to reach USD 4.50 billion in 2024 at a CAGR of approximately 6% over the forecast period 2016-2024. On the basis of region, Europe dominates the global market in terms of revenue share i.e. approximately 48% of volume share. This is due to strict establishment of aquaculture fisheries and also Europe market provides the standard quality of fish oil products etc.

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Market Segmentation
• By Source
o Salmon & trout
o Marine fish
o Crustaceans
o Tilapias
o Carps
• By Application
o Livestock
o Aquatic animals
o Swine
o Poultry
o Cattle
o Pets
o Industrial
• Fertilizer
• Aquaculture
• Pharmaceuticals
• By Region
o North America (US, Canada)
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe)
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa)
o Latin America (Brazil, Mexico and Rest of Latin America)
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific)
o Rest of the World

“Global fish oil market Outlook 2024” It contains detailed overview of the global fish oil market in terms of market segmentation by sources Type, by livestock application type, by industrial application type.

Further, for the in-depth analysis, fish oil market report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

Global fish oil market report also includes competitive outlook of some of the major players of the global fish oil market which includes profiling of companies of The TASA, Omega Protein Corporation, Copeinca A, Corpesca SA, FMC Corporation, TripleNine, Pesquera Diamante S.A, Marvesa Holding N.V, Pesquera Exalmar, FF Skagen A/S, Colpex internation, Marvesa, Nordic naturals, Nutrifynn Caps etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents comprehensive synopsis on the global fish oil market trends that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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