Fish Oil Market Trend, Share, Growth, Size, Analysis and Forecast 2030

Table Of Content

Methodology

Free Analysis

Fish oil is a healthy source of omega-3 fatty acids and vitamin E. There are two types of fish oil: fish liver oil (commonly derived from the liver of the cod) and fish body oil (usually derived from the flesh of the herring, sardine, or anchovy). Both fish oils are sources of eicosapentaenoic acid (EPA), omega-3 long chain polyunsaturated fatty acids (LCPUFAs), and docosahexaenoic acid (DHA). The fish liver oil contains vitamins A and D, which are essential for the human body and also help in lowering the risk of cardiovascular diseases. Thus, these benefits of fish oil are expected to fuel the global fish oil market growth during the forecast period. 

The global fish oil market is primarily driven by increasing aquaculture activities. Growing awareness about the health benefits of fish oil is projected to increase its demand among supplements and pharmaceutical manufacturers. In addition, growing awareness among consumers about fish oil’s benefits related to skin and overall health is anticipated to augment its demand further. However, the presence of alternatives to fish oil, such as beef and pork, and the high cost of fish oil might hamper the growth of the global market of fish oil within the forecast period. 

The global fish oil market can be segmented based on type and application. Based on the type, the global market can be categorized into tilapias, crustaceans, marine fish, salmon and trout, and others. The salmon and trout segment is projected to attain the largest market share during the forecast period. This is due to the rising importance of salmon for direct consumption for strengthening the muscles and heart and improving metabolism.

Based on application, the global market can be fragmented into aquaculture, animal nutrition, and pet food, direct human consumption, pharmaceuticals, and supplements. The aquaculture segment held a dominant position in 2017 and is expected to gain more share in terms of value during the forecast period. This can be attributed to the development of the fishing industry, due to the high demand for fishes for direct human consumption

Based on geography, the global fish oil market finds its market scope in Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa. Europe is expected to dominate the global fish oil market. This is due to the large-scale salmon and trout farming in the region. Chile, Denmark, and Peru are the leading producers of fish oil and collectively account for more than 50% share of the market. The Asia Pacific fish oil market has also grown over the last few years, especially in China, due to the flourishing aquaculture industry in the country.

The report also includes detailed profiles of key players, such as Colpex, American Marine Ingredients, Croda Inc., Omega Protein, Copeinca ASA, Epax AS, GC Rieber Oils, and Corpesca S.A. The detailed description of players includes various parameters, such as company overview, financial overview, business strategies, and recent developments of the company.