Fish Oil Market Expected To Reach Near $4 Billion By 2020


Free Press Release DB | Press Release Date : Dec 7, 2017  Download


Presence of key nutrition including omega 3 acids, eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) in fish oil is one of the key factors driving the fish oil market.


Fish oil is derived from the tissues of fishes which can reduce inflammation. It is a major source of omega-3 acids, docosahexaenoic acid, and eicosapentaenoic acid. Omega-3 acids aid in reducing triglyceride levels, depression levels, and reducing the risk of coronary heart disease.

 

The Global Fish Oil Market will be valued close to USD 4 billion by 2020. The demand for fish oil in 2013 was 1,090 kilotons (KT). It has an objective of reaching 1,200 KT by 2020. The US FDA (Food and Drugs Administration) has limited the fishing of sharks, a rich source of omega-3 acids. This is due to the high level of mercury, dioxin, and other PCBs present in their body. This can be a major hurdle for fish oil market players. But development of aquaculture in Asia Pacific can help overcome this obstacle.

 

Browse Details of Report @-https://www.hexaresearch.com/research-report/fish-oil-industry

 

Applications for fish oil are DCH (direct human consumption), aquaculture, hydrogenation and other industrial uses. Direct human consumption (DHC) will be the major driver responsible for the fish oil market’s growth. Anchovies, mackerel, capelin, and herring are the fishes used for DCH. It has an estimated CAGR of 1.6% during the forecast phase (2014-2020).

 

Aquaculture is expected to dominate over the forecast phase. It is expected to reach a volume of 843.6 tons by 2020, growing at a 1% CAGR over the next six years. Species bred in aquaculture are tilapias, salmon, eels, trout, catfish, fresh crustaceans, marine shrimps, and marine fishes. Salmon and trout are the most popular fish used in aquaculture. It generated revenue of USD 854.7 million in 2013. It is projected to attain revenue of USD 1.49 billion by 2020.

 

North America, Europe, Asia Pacific, and Latin America are the major markets for fish oil. Europe had the largest market in 2013, accounting for 491.5 KT. It has an 8% CAGR over the forecast phase due to high protein levels found in dietary supplements. Asia Pacific will be the fastest growing region owing to the huge demand of fish oil from China.

 

The key players in the fish oil market are Colplex, GC Rieber Oils, COPEINCA ASA, and Omega Protein Corporation. Players will mostly form partnerships or delve in aquaculture due to shortage of raw materials.

 

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/nutraceuticals-and-functional-foods-industry

 

About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.




Contact Person & Company

Name

:

Ryan Shaw

Company

:

Hexa Research

Contact Numbers

Telephone No.

:

+18004893075

Fax No.

:

+18004893075

Handphone No.

:

+18004893075

Website

Website 1

:

Website 2

:

Youtube

:

PR Tags

:

Fish Oil Market, Fish Oil Market Size, Fish Oil Market Share,

Address

Felton Office Plaza

6265 Highway 9

95018, Felton

California


Contact The Author



Contact Carrol Topp






More Press Release From Author



Growing Geriatric Population Base and Rising Incidences of Target Diseases the Major Drivers of Neurostimulation Devices market


Free Press Release DB :

Neurostimulation Devices Market Size, Market Share, Application Analysis, Regional Outlook, Growth, Trends, Competitive Scenario And Forecasts, 2012 To 2020 --> Read This Press Release !



By : Carrol, Topp ( Dec 14, 2017 )
Category : Healthcare Press Release | Country : United States Press Release




Construction Chemicals - Waterproofing Construction Chemicals and Building Construction Chemicals


Free Press Release DB :

Construction Chemicals Market Size, Industry Analysis Report, Regional Outlook, Application Development, Price Trend, Competitive Market Share & Forecast, 2016 To 2024 --> Read This Press Release !



By : Carrol, Topp ( Dec 13, 2017 )
Category : Science Press Release | Country : United States Press Release




Parking Sensors Market To Grow At A CAGR Of 18.3% by 2020


Free Press Release DB :

Parking sensors are used in automobiles which assist the drivers to park the vehicle safely. --> Read This Press Release !



By : Carrol, Shaw ( Dec 13, 2017 )
Category : Technology Press Release | Country : United States Press Release





Read More Articles From Carrol Topp



Disclaimer

The author of the press releases are solely responsible for the content of their press releases. Freepressreleasedb.com can't be held liable for the content posted by author. Please check the accuracy of the press release before using the press release. If necessary please contact the author. Thank you.




Report Abuse