Market Overview
Food supplement are very common in present generation as it help in filling up a deficiency in diet of individuals. Due to high volume of long chain omega 3 fatty acid fish oil is used as food supplement. Increase in number of food supplement is making the fish oil market bigger.
Fish oil market help in healing the wide range of syndrome that includes ulcer, immune disorder, cancer, diabetes etc. Fish oil is on the fundamental peak as the growth of aquaculture will also give a rise to growth of fish oil market. Fish oil is also widely used in some of the cosmetic product in the form of emollient which is utilized to soften the skin and used as general ointment as well.
The change in eating habits of people which gives rise to hydrogenated oil is expected to imitate the expansion of industry. Notwithstanding the facts that high cost of products are restraining the growth of fish oil market.
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Market Segmentation
By Source
Salmon & trout
Marine fish
Crustaceans
Tilapias
Carps
By Application
Livestock
Aquatic animals
Swine
Poultry
Cattle
Pets
Industrial
Fertilizer
Aquaculture
Pharmaceuticals
By Region
North America US, Canada {Market Share % , Market Size USD Million , Consumption Rate % }
Europe UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe {Market Share % , Market Size USD Million , Consumption Rate % }
Middle East and Africa GCC Countries, North Africa, South Africa and Rest of Middle East & Africa {Market Share % , Market Size USD Million , Consumption Rate % }
Latin America Brazil, Mexico and Rest of Latin America {Market Share % , Market Size USD Million , Consumption Rate % }
Asia Pacific China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific {Market Share % , Market Size USD Million , Consumption Rate % }
Rest of the World {Market Share % , Market Size USD Million , Consumption Rate % }
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Market Size and Forecast 2016-2024
The emerging market of fish oil goes on increasing year after year that has reached USD 2.50 billion in 2016 and is predicted to reach USD 4.50 billion by 2024 at a CAGR of approximately 6% in forecast period 2016-2024.
On the basis of industrial application rising stock of breeding in aquaculture dominated the market during the period 2016 and will tend to dominate the market till 7-8 years.
In terms of region, Europe is said to have the largest share and holds approximately 48% of fish oil market during 2016 followed by North America and APAC. The Europe Fish Oil Market dominates due to hard establishment of aquaculture and fisheries in countries such as Denmark and Northern Europe.
The market of Europe is known for its high quality and standard product of aquaculture. In APAC, China is the biggest contributor of fish oil market due to increasing aquaculture industry.
Key Trends and Growth Drivers
The market of fish oil has various factors that lead the market towards growth. They are:
Rising business of deep rooted disease provides awareness to omega 3 fish oil which is used as supplement to prevent certain chronic disease.
Assist in weight loss and provides an aid during pregnancy.
Recommendation by government for healthy intake of fatty acid.
Restraints
The factors that hamper the growth of fish oil market are:
Sometimes there may be reduced or unchanged production in fish oil which may hamper the growth of the market
Also the frequency and climatic changes sometime provides a gap between demand and actual harvest of fish.
Key Players
TASA
Omega Protein Corporation
Copeinca AS
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
Scope Background
Market Synopsis
Market Segmentation
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The global fish oil market is segmented as follows:
By sources type Market Size, Demand Analysis and Growth Analysis
By livestock application type Market Size, Demand Analysis and Growth Analysis
By industrial application type Market Size, Demand Analysis and Growth Analysis
Global fish oil market report covered insights of below mentioned regions:
North America U.S., Canada {Market Size, Growth Analysis and Opportunity Analysis}
Latin America Argentina, Mexico, Brazil and Rest of Latin America {Market Size, Growth Analysis and Opportunity Analysis}
Europe Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe {Market Size, Growth Analysis and Opportunity Analysis}
Asia-Pacific China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific {Market Size, Growth Analysis and Opportunity Analysis}
Middle East and North Africa MENA {Market Size, Growth Analysis and Opportunity Analysis}
Rest of World {Market Size, Growth Analysis and Opportunity Analysis}
Market Dynamics: Growth Drivers, Restraints and Opportunities
Risk Factors
Regional Variations
Recent Trends and Developments
Synopsis
Business Strategy
Product Portfolio
SWOT Analysis
Porter’s Five Force Model
Market Landscape: Competition and Beyond
Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
Expert Analysis
Concluding Remarks
Customization of this Report can be done as per client’s requirement.
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