According to IMARC Group’s latest report, titled “Fish Oil Market Share: Industry Trends, Size, Growth, Opportunity and Forecast 2021-2026,” the global fish oil market grew at a CAGR of around 5% during 2015-2020. Looking forward, the market is expected to continue its moderate growth during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Fish oil is the tissue fat extracted from various fatty fish species, such as tuna, herring, mackerel, sardines, anchovies, etc. It is a rich source of omega-3 fatty acids, vitamin A and D, zinc, etc. Fish oil offers several health benefits, such as reducing high blood pressure, boosting metabolism, lowering the risk of cardiovascular diseases, maintaining digestive functioning, improving skin health, etc. Owing to these benefits, it is extensively used as a vital ingredient in dietary supplements, functional food and beverages, animal feed and pharmaceutical products.
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The growing consumer health concerns towards the high prevalence of obesity, cardiovascular ailments, excessive hair oil, premature skin aging, etc., are propelling the demand for fish oil. Additionally, the escalating adoption of healthier dietary habits is also augmenting the consumption of fish oil in the form of functional food variants and nutritional supplements. Furthermore, the expanding pharmaceutical sector is further catalyzing the demand for bioactive ingredients, such as fish oil, that contains a rich amount of Docosahexaenoic acid (DHA) and Eicosapentaenoic acid (EPA). Moreover, the growing utilization of fish oil to produce personal grooming products is also contributing to the market growth. Besides this, the rising pet ownership is anticipated to further drive the demand for fish oil to manufacture pet food in the upcoming years.
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List of Key Companies Covered in this Market Report:
- China Fishery Group Limited
- Corporación Pesquera Inca S.A.C. (Copeinca AS)
- FF Skagen A/
- Foodcorp Chile S.A (Austevoll Seafood ASA)
- OLVEA Fish Oils (OLVEA)
- Oceana Group Limited
- Pesquera Diamante S.A.
- Pioneer Fishing
- TripleNine Fish Protein A/S (TripleNine Group).
Breakup by Source:
Breakup by Distribution Channel:
- Hypermarkets and Supermarkets
- Specialty Stores
- Online Stores
Breakup by End Use:
- Salmon and Trout
- Marine Fish
- Animal Feed
- Nutritional Supplements
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
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