Fish Oil Market Driven by Increasing Awareness Regarding the Health Benefits of Omega-3 Fatty Acids

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.

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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