Rising consumer awareness about the benefits of omega-3 fatty acids on human health is estimated to boost market demand.
Market Size – USD 3.28 billion in 2018, Market Growth - CAGR of 6.3%, Market Trends – Increase in direct human consumption
NEW YORK, April 09, 2019 (GLOBE NEWSWIRE) -- The global fish oil market is expected to reach USD 5.42 Billion by 2026, according to a new report by Reports and Data. Fish oil is essentially used as a feed item in several animals and human nutritional uses, which comprise aquaculture feed, animal & pet feed, pharmaceuticals, dietary supplements, and functional food. Fish oil is the key ingredient in the growth of the aquaculture industry across the globe and it is a crucial factor for the growth of the fish oil market. Government regulations that limit the fishing quota create a gap between demand and supply, which mostly affects the market demand for fish oil. An increase in the production of fish oil from by-products and fostering prospects with third party suppliers could otherwise aid in mitigating this threat and in reducing the demand-supply gap.
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An increase in consumer awareness about the health benefits of omega-3 fatty acids is anticipated to fuel the growth of the global fish oil market in the forecast period. Moreover, an increase in product consumption in protective coatings and lubricants would further drive the fish oil market growth in the forecast period. Additionally, high consumption of EPA/DHA omega-3 fatty acids aids in lowering blood pressure and bad cholesterol and mitigating the risk of coronary heart disease (CHD), such as strokes. These health benefits are likely to drive the growth of the fish oil market globally.
The increasing need for hydrogenated vegetable oils and margarine together with changing food patterns among people of the young generation are likely to drive market demand in the upcoming years.
Further key findings from the report suggest
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/fish-oil-market
For the purpose of this report, Reports and Data have segmented global fish oil market on the basis of species, application, distribution channel, and region:
Source Insights Outlook (Revenue, USD Million; 2018-2026)
Application Outlook (Revenue, USD Million; 2018-2026)
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Distribution Outlook (Revenue, USD Million; 2018-2026)
Regional Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026)
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