The
growing consumption of fish and fish oil across the globe is
singlehandedly driving the worldwide global
fish oil market, states Transparency Market Research in one of
its publications. The 62-page research report is titled “Global
Fish Oil Market - Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2012 - 2018” and is available for sale on the company’s
website.
The
rising development of aquaculture, especially in Asia Pacific, is
also anticipated to drive the global fish oil market at a 5.05% CAGR
from 2012 to 2018. The value of the market is poised to rise from
US$1.1 bn in 2011 to US$1.7 bn by 2018. However, the static
production of fish oil as against the surging demand for the same is
likely to hamper the growth of the fish oil market. The rise in fish
oil prices is also a major deterrent.
The
report studies the global fish oil market based on species,
application, and geography.
Marine
fish, tilapias, salmon and trout, carps, and others such as
mackerels, eels, and herrings are the major species studied in the
fish oil market report. Being rich in DHA, salmon and trout are the
most widely consumed species of fish, emerging as the leading species
segment in the overall market.
The
key application areas of fish oil are direct human consumption,
aquaculture, and others, such as industrial and hydrogenation.
Aquaculture accounted for the largest share in the global fish oil
market in 2011 with a share of over 75%. Although the segment of
direct human consumption held the second place that year, it is
projected to expand at a rapid pace owing to the rising awareness of
the benefits of omega 3 fatty acids and their increasing intake in
consumers’ daily diets.
Download
Free exclusive Sample of this
report:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=891
North
America, Europe, Asia Pacific, and Rest of the World are the major
regional segments examined in the global fish oil market report.
Europe is the largest market for fish oil owing to the widespread
practice of fish farming. Salmon and trout are the most widely farmed
fish species in Europe. Consumers across the region have been
increasingly including omega 3 in their daily diet, further fueling
the demand for fish oil. The Asia Pacific market for fish oil is
anticipated to gain steam in the coming years owing to the steadily
rising demand for the same. China is a particularly significant
market owing to the rapid development of aquaculture in the country.
Other prominent markets for fish oil around the world include Peru,
Chile, and Denmark, all of which are major producers of fish oil and
together accounted for a share of over 50% in terms of production in
2011.
There
are a large number of small and large players in the global fish oil
market. These include Croda Inc., EPAX AS, COPEINCA ASA, Nutrifynn
Caps, Inc., Colpex, Omega Protein, Marvesa Holding N.V., Pesquera
Diamante S.A., American Marine Ingredients, Corpesca S.A., GC Rieber
Oils, and FF Skagen A/S. These players have been profiled in the fish
oil market report based on business strategies, recent developments,
company overview, and a SWOT analysis.
Fish
Oil Market, by Application
- 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)
Fish
Oil Market in Aquaculture, by Geography
- Europe
- North America
- Asia Pacific
- Rest of the World
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