Published: Apr, 2016
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.”
Browse the full Global Fish Oil Market for Aquaculture, Direct Human Consumption, Hydrogenation and Industrial Applications - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018 report at https://www.transparencymarketresearch.com/fish-oil.html
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.
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
- Direct Human Consumption
- Others (Hydrogenation and Industrial)
Fish Oil Market, by Species:
- Salmon and Trout
- Marine Fish
- Others (Eels, mackerels, herrings)
Fish Oil Market, by Geography:
- North America
- Rest of the World
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