LOS ANGELES, Feb. 19, 2019 (GLOBE NEWSWIRE) -- The latest report of QY Research predicts that the global fish oil market is expected to witness robust growth during the forecasted period. The report titled “Global Fish Oil Industry Chain Research Report 2019”, has highlighted significant insights of the market. According to this report, the global fish oil market was valued at US$ 1.96 Bn in 2018 and is anticipated to reach the value of US$ 3.04 Bn at the end of 2025, with healthy CAGR of 6.5% during 2019 to 2025.
Global Fish Oil Market: Drivers and Restraints
Fish oil is known to be a unique natural source of LC omega 3 fatty acids – DPA, EPA, and DHA. This mostly comes from the fatty fish, or to be more accurate, the tissue of different fatty fish, namely mackerel, trout, tuna, herring, salmon, and sardines and so on. This awareness has inspired people to consume fish oil which is expected to grow the global fish oil market.
Fish oil has a number of health benefits such as, it helps in decreasing the heart-related issues. It also cures mental issues, depression, eye problem, inflammation etc. Fish oil also helps in weight loss, to improve the texture of the skin, avoid pregnancy issues, and reduce liver fat. All these factors are powerfully impacted on the market growth of fish oil.
However, fish oil can cause some side effects that include hemorrhagic stroke, bad breath, belching, nausea, loose stools, heartburn, nosebleeds, and rash. These factors are hampering the growth of the market.
Global Fish Oil Market: Type and Application
The global market for fish oil has been segmented into types and application. The type segment is segmented into carps, salmon trout, marine fish, tilapias, eels, mackerels, and herring’s fish oil.
On the other hand, based on application segment, the global fish oil market is segmented into direct consumption, aquaculture, hydrogenation, industrial use and others.
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Global Fish Oil Market: Forecast by Region
Asia Pacific, Europe, North America are the major user and the consumers of the global fish oil market. Asia Pacific leads the market as China and Japan are two important countries which are ahead in the consumption of fish oil on a daily basis. Europe and North America are following Asia Pacific, in terms of market growth, as this oil is known to be one of the healthiest consumable oil. The medicinal value and health benefits are encouraging these two regions to increase the use of this oil. A number of other coastal countries like Chile, Peru, etc. are also adopting fish oil in their daily meals.
Global Fish Oil Market: Leading Players
Some of the key players operating in the global fish oil market are COPEINCA, TripleNine Group, China Fishery Group, Austevoll Seafood ASA, Pesquera Diamante S.A., FF Skagen A/S, Camanchaca, Omega Protein Corporation, OLVEA Fish Oils, Pesquera Pacific Star, Pioneer Fishing, Oceana Group, Orizon SA, CV. Sari Laut Jaya, Kobyalar Group, Nissui Group, Animalfeeds International, Jiekou Group, Eskja, Havsbrún, United Marine Products, HB Grandi, Hainan Fish Oil, and Pesquera Exalmar.
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