Fish Oil Market And Global Forecast Report 2024-2032

Posté 2024-08-28 12:21:43

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Global Fish Oil Market

The world fish oil market should grow significantly, with its value from US$2.19 billion in 2023 to US$3.61 billion by 2032; this represents a CAGR of 5.74% during the time frame 2024-2032. Rising consumer awareness regarding multiple health benefits associated with the use of omega-3 fatty acids is expected to drive the demand for fish oil during the forecast period.

Global Fish Oil Market Table of Content and Sample Download: https://www.renub.com/fish-oil-market-p.php

Fish Oil Market Overview

Fish oil is a dietary supplement of the tissues derived from oily fish. It has high quantities of omega-3 fatty acids, mainly eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA). These omega-3s are quite well known to have positive health effects in reducing inflammation and enhancing good heart health. Normally, it's available in capsule form and used by most doctors for patients who do not have enough amounts of omega-3 fats in their diet.

Fish Oil Market Trends

Health Benefits for the Elderly: Fish oil works excellent in the elderly, reducing the incidence of most chronic diseases; its positive impact in reducing risks in heart disease is further enhanced in brain and joint health as well as vision. Omega-3 has anti-inflammatory effects, acts against heart disease, works for brain functions, enhances joint health, and promotes vision. Inclusion of fish oil in the elderly diet greatly improves their quality of life. Chronic kidney disease affects more than 850 million people worldwide, with key risk factors such as diabetes, cardiovascular disease, and high blood pressure becoming more common in the elderly.

Rising Awareness and Natural Remedies: The trend of increasing awareness of chronic diseases along with their side effects has caused a drift toward natural remedies to procure omega-3 fatty acids. Fish oil contains omega-3 fatty acids, which are useful in maintaining an individual's health status. These components function by offsetting low cholesterol and good cholesterol, thus preventing strokes and promoting heart health. Omega-3 also supports brain health by helping to prevent dementia and enhance memory, which is why supplements with fish oil enjoy such popularity among consumers who have certain concerns about their cognition. It also plays an important dietary aspect for conditions rich in anti-inflammatory features like arthritis, which may further lead to enhanced market growth.

Increasing Demand in Aquaculture: The reduction in supplies of wild fish has led to the rise of fish farming, also known as aquaculture, to make fish available. Fish oil, a very crucial ingredient in the feed used for aquaculture, rose in demand as well. In addition, cultured fish ensures uninterrupted supplies of fish meat and thus high demand for this cultured product. The use of fish oil-fortified diets should improve feed conversion ratios, fish growth, production efficiency, and the return on investment in the aquaculture industry.

North America Fish Oil Market

The market for fish oil in North America is driven by rising health awareness, growing demand for omega-3 supplements, and surging popularity in functional foods. The important segments within this market are dietary supplements, pharmaceuticals, and animal nutrition. Sustainability considerations and regulatory standards also bear on the dynamics of the market that encourage the manufacture of environmentally friendly, high-quality products.

In the United States, with growing consumer choices of seafood as a food product, there has also been an increase in demand for sustainably produced, good-quality aquafeed. Fish oil enriched with omega-3 improves the nutrient delivery of farmed aquatic animals and aids their healthy growth. This is leading to increased fish oil demand in the USA.

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Global Fish Oil Business Analysis

Major players operating in the global fish oil market include Croda International Plc., Mukka Proteins Limited, FKS Multi Agro, GC Rieber Oil, Colpex International SAC, Corpesca S.A., FF Skagen A/S, and Nutrifynn Caps, Inc.

Global Fish Oil Company News

June 2022: DSM launched Romega, high-purity omega-3 fatty acid supplements, to cater to the growing need for omega-3 products.

November 2023: Grøntvedt Biotech launched CETO3, an Omega-3 and Cetoleic acid product range.

June 2023: Nufarm Limited subsidiary Nuseed Nutritional US Inc. secured final clearance from the Norwegian Food Safety Authority (NFSA) for the use of Aquaterra® Omega-3 oil in feed applications to be added to alternative feed ingredient.

Source– Market breakup in 7 viewpoints:

1. Anchoveta

2. Sardine

3. Capelin

4. Menhaden

5. Herring

6. Anchovy

7. Others

Distribution Channel– Market breakup in 4 viewpoints:

1. Hypermarkets and Supermarkets

2. Specialty Stores

3. Online Stores

4. Others

End Use– Market breakup in 4 viewpoints:

1. Aquaculture

2. Animal Feed

3. Nutritional Supplements

4. Pharmaceutical

Country – Market breakup of 25 Countries:

1. North America

1.1 United States

1.2 Canada

2. Europe

2.1 France

2.2 Germany

2.3 Italy

2.4 Spain

2.5 United Kingdom

2.6 Belgium

2.7 Netherland

2.8 Turkey

3. Asia Pacific

3.1 China

3.2 Japan

3.3 India

3.4 South Korea

3.5 Thailand

3.6 Malaysia

3.7 Indonesia

3.8 Australia

3.9 New Zealand

4. Latin America

4.1 Brazil

4.2 Mexico

4.3 Argentina

5. Middle East & Africa

5.1 Saudi Arabia

5.2 UAE

5.3 South Africa

All the key players have been covered from 4 Viewpoints:

· Business Overview

· Sales Analysis

· Product Portfolio

· Recent Development & Strategies

Key Players Analysis:

· Croda International Plc.

· Mukka Proteins Limited

· FKS Multi Agro

· GC Rieber Oil

· Colpex International SAC

· Corpesca S.A.

· FF Skagen A/S

· Nutrifynn Caps, Inc.

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