Fish Oil Market to Reach US$1.7 Bn by 2018 due to Rising Awareness of Health Benefits

2024-12-24 05:36:48 Lifestyle

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A new Transparency Market Research report states that the global fish oil market was estimated at US$1.1 bn in 2011 and is predicted to reach US$1.7 bn by 2018. It will expand at a 5.05% CAGR between the forecast period from 2012 to 2018. The title of the report is ?Global Fish Oil Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018?.

There are a number of sources of omega 3 fatty acids. Among them, the common ones are flax, fish, and algae. Among these, large quantities of omega 3 are obtained commercially via fish oils. Omega 3 fatty acids have a number of health benefits; the rise in awareness regarding such health benefits related with the consumption of omega 3 fatty acids and the consequent increase in the direct human consumption (DHC) of fish oils are the major factors fuelling the demand from the fish oil market. On the other hand, the stagnating fish oil production worldwide may inhibit the development of this market in the coming years.

Browse the full Global Fish Oil Market report at :http://www.transparencymarketresearch.com/fish-oil.html

On the basis of application, the global fish oil market is segmented into direct human consumption, aquaculture, and others including industrial and hydrogenation. Amongst these, in 2011, the segment of aquaculture represented the biggest share, of more than 75% in the market. In aquaculture, fish oil is utilized in fish feed. The direct human consumption segment trailed the aquaculture segment and took the second biggest share in the fish oil market. On the other hand, this segment has been increasing at an exponential rate in the past few years owing to increasing awareness on the usage of omega 3 fatty acids because of their growing health benefits.

On the basis of species, the global fish oil market is segmented into marine fish, salmon and trout, tilapias, carps, and others including mackerels, eels, and herrings. Amongst these, salmons and touts led the aquaculture segment of the global fish oil market. These fishes are utilized for human consumption owing to them being rich in docosahexaenoic acid (DHA).

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On the basis of geography, the fish oil market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Amongst these, Europe is the biggest consumer of fish oil owing to the consistent practice of farming fishes such as salmons and trout in this region. Furthermore, rising omega 3 demand as a part of daily diet within the European region has further fuelled fish oil consumption in this region. On the other hand, the demand for fish oil has remained steadily high in Asia Pacific, particularly in China owing to the developing market for aquaculture here. Chile, Peru, and Denmark are the top fish oil producers and represented a share of more than 50% in the global market on the basis of production. COPEINCA ASA, EPAX AS, Omega Protein Coporation, Colpex, and Croda Inc. are amongst the prime players dominant in the global fish oil market.

The global fish oil market has been segmented as follows:
Fish Oil Market: Application Analysis
Aquaculture
Direct Human Consumption
Others (Hydrogenation and Industrial)
Fish Oil Market in Aquaculture, by Species:
Salmon and Trout
Marine Fish
Carps
Tilapias
Others (Eels, mackerels, herrings)
Major geographies analyzed under this research report are:
Europe
North America
Asia-Pacific
Rest of the World

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