The fish oil market is projected to grow at a rate of 6.1% in terms of value, from USD 3.89 Billion in 2020 to reach USD 5.76 Billion by 2027.
Fish oil is extracted from tissues of oily fish species and has high a concentration of omega 3 fatty acids, which are essential nutrients for humans and animals. Pharmaceutical grade is the fish oil which is having highest amount of omega 3 fatty acids along with EPA and DHA. Rising awareness of health benefits of fish oil in various problems like cardiovascular, asthma, psoriasis, eczema and Crohn’s disease are driving the fish oil market in pharmaceutical and food supplements.
Further its importance in aquaculture and rising adoption of new techniques are estimated to boost the growth of fish oil market. Mainly the global fish oil market is segmented based on species and application. Based on species that is from which fish the oil is derived it is segmented into Anchovy, Mackerel, Sardines, Cod, Herring, and Menhaden and others. Of which the Anchovy segment is having largest market share. Many factors contributing the high consumption of Anchovy fish are be being a good source of omega-3 fatty acids like EPA & DHA, protein, and important vitamins and minerals along with lowest mercury concentrations. Based on application it is segmented into aquaculture, animal nutrition & pet feed, pharmaceutical, supplements & functional food and others.
Key market players in the fish oil market are focusing on strategies like acquisition and product diversification to increase their market share of the industry. For instance, in Aug 2017, Neptune Technologies & Bioresources Inc.’s intellectual property and krill oil inventory was acquired by Aker BioMarine. This step was taken to increase its share in krill sector. Another acquisition was made by Omega Protein Corporation who acquired Bioriginal Food & Science Corp., a leading supplier of plant and marine based specialty oils and essential fatty acids in the food and nutraceutical industries. This acquisition enables Omega Protein Corporation to expand in the human nutrition segment.
Some of the top players in Global fish oil market are TASA, Omega Protein Corporation, Copeinca AS, Corpesca SA, FMC Corporation, TripleNine, Pesquera Diamante S.A, Marvesa Holding N.V., Pesquera Exalmar, FF Skagen A/S and Colpex international.
Fish oil is extracted from tissues of oily fish species and has high a concentration of omega 3 fatty acids, which are essential nutrients for humans and animals. Pharmaceutical grade is the fish oil which is having highest amount of omega 3 fatty acids along with EPA and DHA. Rising awareness of health benefits of fish oil in various problems like cardiovascular, asthma, psoriasis, eczema and Crohn’s disease are driving the fish oil market in pharmaceutical and food supplements.
Further its importance in aquaculture and rising adoption of new techniques are estimated to boost the growth of fish oil market. Mainly the global fish oil market is segmented based on species and application. Based on species that is from which fish the oil is derived it is segmented into Anchovy, Mackerel, Sardines, Cod, Herring, and Menhaden and others. Of which the Anchovy segment is having largest market share. Many factors contributing the high consumption of Anchovy fish are be being a good source of omega-3 fatty acids like EPA & DHA, protein, and important vitamins and minerals along with lowest mercury concentrations. Based on application it is segmented into aquaculture, animal nutrition & pet feed, pharmaceutical, supplements & functional food and others.
Key market players in the fish oil market are focusing on strategies like acquisition and product diversification to increase their market share of the industry. For instance, in Aug 2017, Neptune Technologies & Bioresources Inc.’s intellectual property and krill oil inventory was acquired by Aker BioMarine. This step was taken to increase its share in krill sector. Another acquisition was made by Omega Protein Corporation who acquired Bioriginal Food & Science Corp., a leading supplier of plant and marine based specialty oils and essential fatty acids in the food and nutraceutical industries. This acquisition enables Omega Protein Corporation to expand in the human nutrition segment.
Some of the top players in Global fish oil market are TASA, Omega Protein Corporation, Copeinca AS, Corpesca SA, FMC Corporation, TripleNine, Pesquera Diamante S.A, Marvesa Holding N.V., Pesquera Exalmar, FF Skagen A/S and Colpex international.
- Aerospace and Defense
- Agriculture
- Automotive and Transportation
- Business and Finance
- Chemical and Materials
- Consumer Goods and Retails
- Electronics and Semiconductor
- Energy and Power
- Food and Beverages
- Machinery and Equipment
- Manufacturing and Construction
- Medical Devices
- Pharmaceuticals and Healthcare
- Service and Software
- Technology, Media and Telecommunications
- Travel and Tourism
