Fish Oil Market: Global Industry Analysis and Forecast (2022-2029)

Fish Oil Market size was valued at US$ 2.12 Bn. in 2021 and the total revenue is expected to grow at 5.8% through 2022 to 2029, reaching nearly US$ 3.33 Bn.
Fish Oil Market Overview:
Fish oil is made from the liver fat of fatty fish such as herring, swordfish, anchovies, sardines, carp, tuna, and others. It's high in omega-3 fatty acids, vitamin A, vitamin D, zinc, and other nutrients. Fish oil has a long list of health benefits, including reducing blood pressure, lowering the risk of heart disease, enhancing metabolism, preserving digestion and absorption, and enhancing skin health, among others. For example, the volume of fish fats, oils, and fractions imported into Denmark in 2020 is roughly 1.4 billion Danish kroner.

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Fish Oil Market Dynamics:
Consumer health worries about the significant risks of heart disease, untimely skin ageing, excessive hair loss, obesity, and other conditions are driving up demand for fish oil. Furthermore, the growing acceptance of healthy eating practices is boosting fish oil demand in the form of nutraceuticals, functional foods, and beverages. Aside from that, the growing healthcare sector is boosting demand for bioactive substances like fish oil, which includes high levels of docosahexaenoic and eicosapentaenoic acids (EPA).

According to the World Health Organization, cardiovascular disease takes the lives of more than 17.9 million people every year. Of these deaths, around 85% of death caused by a heart attack. This is boosting the market growth of fish oil owing to its benefits to reduce heart diseases.

Additionally, the increasing use of fish oil in various personal grooming products to treat a variety of dermatological issues, such as age spots, wrinkles, and hyperpigmentation, is fueling market expansion. Also, the increasing population of poultry and cattle is increasing the use of fish oil as a feed supplement for improved animal growth and disease control. The growing production of agricultural product versions that are allergen-free, non-GMO, and chemical-free will keep driving the global market for fish oil in the coming years.

However, the global market is likely to be limited during the forecast period owing to increasing product pricing and a substantial demand-supply mismatch.
Global Fish Oil Market Segment Analysis:
The global Fish Oil Market is segmented by Source Type and Application.

Based on Source Type, the global Fish Oil market is segmented into Mackerel, Sardines, Cod, Anchovy, Herring, Menhaden and Others. The Anchovy segment held the largest market share of xx% in 2021. Due to the rising popularity of anchovy as supplementary food across the globe. Anchovy helps to improve the health of the heart and brain which is boosting the fish oil market. The Menhaden is expected to grow at a highest CAGR of 6.7% in the global fish oil market during the forecast period. The increasing need for omega 3 fatty acids in wide range of applications, as well as the increased usage of menhaden-based fish oils in poultry nutrition, have all contributed to this growth.

Based on Application, the global Fish Oil market is segmented into Pharmaceuticals, Supplements & Functional Food, Aquaculture, Animal Nutrition & Pet Food, and Others. The Aquaculture segment held the largest market share of xx% in 2021 and it is expected to grow at a highest CAGR of 6.9% in the global fish oil market during the forecast period. Rising aquaculture production in emerging economies such as India and China is propelling market growth. Also, the major driving factors of the market are rising consciousness regarding health and increasing chronic, heart, and brain disease. Fish oil usage is increased in cosmetic products is another driving factor in the market. Growing aquaculture activities are expected to propel market growth across the globe.
Global Fish Oil Market Regional Insights:
The Asia Pacific held the largest market share of xx% in 2021 and it is expected to grow at the highest CAGR of xx% in the global Fish Oil market during the forecast period. Due to the rising aquaculture sector in this region. Growing awareness regarding the health benefits of fish oil is driving the market growth in this region. Rising chronic disease is fuelling the market growth.

North America held the 2nd largest market share of 28% in 2021 and it is expected to grow at a highest CAGR of 8.62% in the global fish oil market during the forecast period. because of the growing necessity to increase physical activity in the region and the significant intake of nutrients for healthcare Whereas during the forecast period, the significance of omega-3-rich fish oil for psychological development is estimated to fuel regional market growth.

The objective of the report is to present a comprehensive analysis of the global Fish Oil Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also helps in understanding the global Fish Oil Market dynamic, structure by analyzing the market segments and project the global Fish Oil Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Fish Oil Market make the report investor’s guide.
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Global Fish Oil Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 2.12 Bn.


Forecast Period 2022 to 2029 CAGR:
5.8%
Market Size in 2029:
US $ 3.33 Bn.


 Segments Covered:
by Source Type
• Mackerel
• Sardines
• Cod
• Anchovy
• Herring
• Menhaden
• Others


by Application
• Pharmaceuticals
• Supplements & Functional Food
• Aquaculture
• Animal Nutrition & Pet Food
• Others


by Grade
• Feed Grade Fish Oil
• Food Grade Fish Oil
• Pharma Grade Fish Oil


by Process
• Crude Grade Fish Oil
• Refined Grade Fish Oil
• Modified Grade Fish Oil



Global Fish Oil Market, by Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
Global Fish Oil Market Key Players
• Omega Protein Corporation
• Fmc Corporation
• Copeinca As
• Corpesca Sa
• Colpex International
• Triplenine Group A/S
• FF Skagen A/S
• Marvesa Holdings Nv
• Pesquera Diamante Sa
• Pesquera Exalmar
• Royal Dsm Nv
• Croda International plc
• Basf Se
• GC Reiber Vivomega Oils
• LYSI HF
• American Marine Ingredients
• Koninklijke DSM N.V
• Croda International Plc
Frequently Asked Questions:
1] What segments are covered in Fish Oil Market report?
Ans. The segments covered in Fish Oil Market report are based on Source Type, Application, Process and Grade.

2] Which region is expected to hold the highest share in the global Fish Oil Market?
Ans. Asia Pacific is expected to hold the highest share in the global Fish Oil Market.

3] What is the forecast market size of global Fish Oil Market by 2029?
Ans. The market size of global Fish Oil Market by 2029 is US$ 3.33 Bn.

4] Who are the top key players in the global Fish Oil Market?
Ans. Omega Protein Corporation, Fmc Corporation, Copeinca As, Corpesca Sa, Colpex International are the top key players in the global Fish Oil Market.

5] What was the market size of global Fish Oil Market in 2021?
Ans. The market size of global Fish Oil Market in 2021 was US $ 2.12 Bn.