According
to a market study published by Transparency Market Research on the
global
fish oil market, the said market is expected to expand at a CAGR
of 5.05% between 2012 and 2018. If the figure holds true, the
market’s valuation of US$1.1 bn in 2011 will reach US$1.7 bn by
2018. The title to this report is “Global Fish Oil Market -
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 -
2018.”
Derived
from the tissues of oily fish, fish oil is taken as a general health
supplement as a source of omega-3 fatty acids. Fish oil is commonly
used to refer to two types of omega-3 fatty acids – docosahexaenoic
acid and eicosapentaenoic acid. Fish oil is the recommended source of
omega-3 fatty acids due to its easy availability and low cost.
Omega-3
fatty acids are essential fats that are needed for normal body
functioning. Flax seed, fish, and algae are the common sources of
omega-3 fatty acids, of which fish oil is a major commercially
available source. Thus, increasing awareness regarding the health
benefits of omega-3 fatty acids, which has in turn resulted in
increasing direct human consumption (DHC) of fish oils, is driving
the global fish oil market. On the contrary, stagnated production of
fish oil is detrimental to this market’s growth.
By
application, aquaculture, direct human consumption, and others
including industrial uses and hydrogenation are the segments of this
market. Of all, in 2011, aquaculture led the market and held a share
of more than 75% in the overall market. This segment was trailed by
the direct human consumption segment, which accounted for the second
largest share in this market. Nevertheless, the direct human
consumption segment is exhibiting an exponential growth rate over the
past few years owing to the increasing usage of omega-3 fatty acids
for their prescribed health benefits.
On
the basis of species, the segments of this market are marine fish,
tilapias, salmon and trout, carps, and others (including eels,
herrings, and mackerels). Amongst these, salmon and trout dominate
the aquaculture segment of the global market. These fishes are used
for human consumption due to their rich docosahexaenoic acid (DHA)
content.
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By
geography, North America, Asia Pacific, Europe, and Rest of the World
are the segments of this market. Of all, Europe stands as the largest
consumer of fish oil, as it has been a traditional region for fish
farming as an occupation. Furthermore, with increasing awareness
about the health benefits of omega-3 fatty acids, many consumers have
included fish oil as a part of their daily nutrition supplement
intake.
Asia
Pacific also exhibits a steady demand for fish oil. In particular,
due to the consistently developing aquaculture industry in China, the
region will contribute significantly to the revenue of the global
fish oil market.
COPEINCA
ASA, Omega Protein Corporation, Croda Inc., EPAX AS, and Colpex are
the top companies that are actively involved in the global fish oil
market.
The
global fish oil market has been segmented as follows:
Fish
Oil Market, by Application
- Aquaculture
- Direct Human Consumption
- Others (Hydrogenation and Industrial)
Fish
Oil Market, by Species:
- Salmon and Trout
- Marine Fish
- Carps
- Tilapias
- Others (Eels, mackerels, herrings)
Fish
Oil Market, by Geography:
- Europe
- North America
- Asia-Pacific
- Rest of the World
About
Us
Transparency
Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants
use proprietary data sources and various tools and techniques to
gather and analyze information.
TMR’s
data repository is continuously updated and revised by a team of
research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact
Mr.
Sudip S
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