PORTLAND, Oregon, May 27, 2015 /PRNewswire/ --
According to a new report by Allied Market Research, titled,
"Global Fish Oil Market (Application, Species and Geography) -
Country Analysis, Size, Share, Trends, Company Profiles, Demand,
Growth, Opportunities, and Forecast, 2014 - 2020", the global fish
oil market would reach $2.63 billion
by 2020, registering a CAGR of 6.1% during 2015 - 2020. Presently,
the aquaculture application holds the largest market share;
however, the supplement & functional food will evolve as one of
the promising application markets. Asia
Pacific would continue to be the major regional market due
to high concentration of aquaculture industry.
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To request free sample or order a copy of the report, visit:
https://www.alliedmarketresearch.com/fish-oil-market
Fish oil is widely adopted in numerous human and animal
nutrition applications as a food and feed supplement due to its
high content of essential long chain omega 3 fatty acid. As a prime
ingredient in aqua feed, the growth of fish oil market is largely
proportional to the growth of aquaculture industry. Additionally,
the popularity of omega 3 fish oil in various applications, such as
supplements & functional food (nutraceutical) and
pharmaceutical, is also providing boost to the market. However, the
global fish oil industry is largely affected by the demand-supply
gap, caused by stringent fishing quotas and adverse climatic
conditions.
More than 50% of the global fish oil is produced in Latin
American countries namely Peru and
Chile; however, most of it is
consumed in the Asia Pacific and
Europe. The rising aquaculture
production in Asian countries such as China, India,
Vietnam and Indonesia, leads to increased usage of
aquaculture grade fish oil in the region. North America and Europe have larger consumption of
pharmaceutical and supplements & functional food fish oils;
collectively accounting for about two-third of global revenues for
these applications. In Japan, the
consumption of nutritional and pharmaceutical grade fish oil has
significantly increased due to rising health concerns among the
country's geriatric population.
Key findings of the study:
- Supplement & functional food segment constitutes the
lucrative fish oil application with high Y-o-Y revenue growth
- Presently, Asia Pacific holds
the largest market share, followed by Europe in the overall fish oil market, in
terms of consumption
- Among all fish species studied, largest volume of oil is
produced from anchovy fishes
- China and Japan collectively accounts for about 39%
market share of global fish oil market
- Denmark and Norway are major producers and consumers of
fish oil in the Europe market
Similar Market Research Reports by Allied Market
Research
Nutraceutical Ingredients Market - Nutraceutical ingredient
market is rising with increased health awareness in people and
growing health concerns, increasing demand for healthy food,
personal care products and safe animal nutrition products. Health
benefits of nutraceuticals and their application in food,
beverages, dietary supplements, pediatric and adult nutrition
preparation supports the use of nutraceutical ingredients.
Consumers have shifted their focus from mere hunger satisfaction to
meeting nutritional needs. Increasing aging population and rising
incidence of chronic diseases and changing lifestyle are the major
factors that drive the global nutraceutical ingredients market.
However, high price of these products remains a major restraint.
Get more information and order a copy of the "Nutraceutical
Ingredients Market" report at
https://www.alliedmarketresearch.com/nutraceutical-ingredients-market
Key companies, such as Omega Protein Corporation and FF Skagen
are primarily focusing on product launch and acquisition for
expansion of their fish oil product offerings and assert strong
foothold in various human and animal nutrition applications. The
report covers a detailed study of key players such as TASA, Omega
Protein Corporation, FMC Corporation, Copeinca AS, Corpesca SA,
Colpex international, TripleNine, FF Skagen A/S, Pesquera Diamante
S.A, Marvesa Holding N.V. and Pesquera Exalmar.
About Us:
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and business-consulting wing of Allied Analytics LLP based in
Portland, Oregon. Allied Market
Research provides global enterprises as well as medium and small
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companies and this helps us in digging out market data that helps
us generate accurate research data tables and confirms utmost
accuracy in our market forecasting. Each and every data presented
in the reports published by us is extracted through primary
interviews with top officials from leading companies of domain
concerned. Our secondary data procurement methodology includes deep
online and offline research and discussion with knowledgeable
professionals and analysts in the industry.
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SOURCE Allied Market Research