Fish Oil Market Global Insights, Growth, Size, Comparative Analysis, Trends, Business Status, Demands, Segmentation
Research Reports
Jan 07, 2021
Market Analysis
Fish oil has gained importance in cognitive improvement since it contains omega-3 fatty acids and vitamins A and D. Omega-3 helps in fighting cognitive disorders such as depression and psychosis. The vitamin A content helps protect eye health against age-related decline and supports bone health. The vitamin D content in fish oil promotes bone growth and helps maintain healthy teeth. The demand for fish oil is also increasing due to its application in weight loss management, improving muscle strength, and lowering muscle soreness, among others.
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The Global Fish Oil Market has been divided, by end use, into Animal Feed, Dietary Supplements, Functional Food, Functional Beverages, Pharmaceutical Products, and others. The animal feed segment is expected to dominate the global fish oil market during the assessment period since animal feed fortified with fish oil is high in vitamin A and D which promotes animal growth and is a cost-effective source of energy. The dietary supplements segment is projected to record the highest CAGR due to the increasing incidences of cardiovascular disease and cognitive impairment and growing need for additional nutrition in human diets to improve overall health.
Top Key Players
Some of the key players in the Global Fish Oil Market are
- TripleNine Group (Denmark),
- Hayduk Corporacion (Peru),
- FMC Corporation (US),
- Blueline Foods (India) Pvt. Ltd. (India)
- Oceana Group Limited (South Africa),
- Pesquera Diamante (Peru),
- The Scoular Company (US),
- FF Skagen A/S (Denmark),
- Sarma Fish SARL (Morocco),
- Olvea Fish Oils (France)
Regional Analysis
The Global Fish Oil Market has been segmented by North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to dominate the global fish oil market due to the high consumption of fish oil by health-conscious consumers. The consumption of fish oil improves insulin sensitivity which helps in losing body fat. A growing number of people with obesity are adopting fish oil for its low-fat properties, thereby boosting the growth of the regional market. The fish oil market in Asia-Pacific is expected to grow rapidly due to the rising awareness of the nutritional benefits of omega-3 fatty acids in emerging economies such as India and China. The demand for essential fatty acids is expected to influence the intake of omega-3 in the form of dietary supplements which is expected to propel the growth of the regional market during the forecast period.
Segmentation
The global fish oil market has been segmented based on product type, end use, distribution channel, and region.
By product type, the global fish oil market has been segregated into salmon oil, tuna oil, cod liver oil, anchovy oil, and others.
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