LAS VEGAS, Nov. 03, 2017 (GLOBE NEWSWIRE) -- The Global Fish Oil Market was valued around USD 3.06 billion in 2016 and is expected to reach roughly USD 4.90 billion by the end of 2025 while registering itself at a compound annual growth rate (CAGR) of 5.39% during the forecast period. Fish oil is oil extracted from the oily tissues of fish. Fish oils have the docosahexaenoic acid (DHA), omega-3 fatty acids, and eicosapentaenoic acid (EPA) predecessors of few eicosanoids that are renowned to decrease inflammation in the human body, and have additional health benefits, like handling hypertriglyceridemia, though claims of precluding strokes or heart attacks have not been defended. Omega-3 fatty acids and fish oil have been examined in an extensive range of conditions, such as anxiety, clinical depression, macular degeneration, and cancer, but till now benefits have not been confirmed. The fish utilized as sources that do not essentially produce omega-3 fatty acids, but rather collect them by eating either prey fish or microalgae that have compiled omega-3 fatty acids. Rising consumption of fish oil assists to prevent various health troubles including asthma, cardiovascular, Crohn’s disease, eczema, and psoriasis, also it aids to brain health and neurological development in children is prone to generate huge market potential in the future.
Driver and Restraints of Fish Oil Market
Rising aquaculture activities are anticipated to boost growth of global market over the forecast years. Increasing awareness levels among customers about health benefits provided by omega 3 is driving the fish oil demand. Nowadays, varying eating habits is bolstering the demand for hydrogenated vegetable oils and butter. Also, consumption of EPA and DHA fatty acid aids in eliminating bad cholesterol, coronary heart problems involving strokes, and blood pressure, which is anticipated to fuel the growth of the global industry. Also, various beauty products such as creams, in all-purpose ointments etc. increasingly use the fish oil as a vital ingredient which is projected to encourage the growth of the market. Rising aquaculture activities, mainly in India and China, as a result of the plentiful of agricultural land and suitable climate is liable to improve demand for fish oil containing animal-feed and fish-feed. Increasing consumption of omega-3 owing to its wide health gains is anticipated to encourage the growth of the fish market over forecast years. Though, the elevated cost of the product along with a massive demand-supply gap might hamper the growth of the global fish oil market over the future.
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Competitors and Market Classification
The major market players in the global fish oil market are COPEINCA ASA, Croda Inc., EPAX AS, GC Rieber Oils, Omega Protein, Corpesca S.A., American Marine Ingredients and Colpex. According to products types, the global market are divided into; Cod, Mackerel, Sardines, Herring, Anchovy, Menhaden, and Others. On the basis of application, the market industry is split as; Aquaculture: Marine fish, Salmon & Trout, Crustaceans, Eles, Tilapias, Cyprinids, and Others; Animal Nutrition & Pet food; Pharmaceuticals and Supplements & Functional food. Geographically, the global fish oil market is segmented in regions which are; Europe (Germany, Spain, Italy, France, UK and Rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea and Rest of Asia Pacific), North America (the United States, Mexico and Canada)and Rest of the World (Brazil, Saudi Arabia, South Africa, United Arab Emirates and Others).
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List of Tables
Table 1.Fish Oil Market, By Source Species ($Million), 2016-2025
Table 2.Anchovy Market, By Region ($Million), 2016-2025
Table 3.Mackerel Market, By Region ($Million), 2016-2025
Table 4.Sardines Market, By Region ($Million), 2016-2025
Table 5.Cod Market, By Region ($Million), 2016-2025
Table 6.Herring Market, By Region ($Million), 2016-2025
Table 7.Menhaden Market, By Region ($Million), 2016-2025
Table 8.Other Source Species Market, By Region ($Million), 2016-2025
Table 9.ish Oil Market, By Application ($Million), 2016-2025
Table 10.Aquaculture Market, By Region ($Million), 2016-2025
Table 11.Salmon & Trout Market, By Region ($Million), 2016-2025
Table 12.Marine fish Market, By Region ($Million), 2016-2025
Table 13.Crustaceans Market, By Region ($Million), 2016-2025
Table 14.Tilapias Market, By Region ($Million), 2016-2025
Table 15.Eles Market, By Region ($Million), 2016-2025
Table 16.Cyprinids Market, By Region ($Million), 2016-2025
Table 17.Other Aquaculture Market, By Region ($Million), 2016-2025
Table 18.Animal Nutrition & Pet food Market, By Region ($Million), 2016-2025
Table 19.Pharmaceuticals Market, By Region ($Million), 2016-2025
Table 20.Supplements & Functional food Market, By Region ($Million), 2016-2025
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