Fish Oil Market to Boost with Notable Growth

Fish Oil Market

Opportunity Analysis and Industry Forecast, 2016-2023

Global Opportunity Analysis and Industry Forecast, 2014-2020

Introduction • Fish Oil Market is expected to garner $2.63 billion by 2020, registering a CAGR of 6.1 % during the forecast period 2015-2020

• Fish oil is largely used as a feed ingredient in numerous animal and human nutritional applications, which include aquaculture feed, animal nutrition & pet feed, pharmaceuticals, supplements & functional food • Asia Pacific would continue to be the major regional market due to high concentration of aquaculture industry • China is the biggest fish oil consumer in the world and this is mainly due to the highest concentration of aquaculture industry in this region

Key Factors of the 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 • 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 • Presently, the aquaculture application holds the largest market share; however, the supplement & functional food will evolve as one of the promising application markets • 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.

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Key Benefits of the Market • 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

Market Segmentation

Key Players of the Market • • • • • • • • • • •

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

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