Fish Oil Market Research Report Information by Product Type (Salmon, Cod Liver, Others), End Use (Animal Feed, Functional Food, Functional Beverages, Dietary Supplements, Others), Distribution Channel (Store, Non-Store), and Region-Forecast till 2023

ReportBazzar has released its latest research-based report entitled ‘Fish Oil market.

Fish oil, which is consumed by eating fish or in the form of dietary supplements, is rich in omega-3 fatty acids which help manage cardiovascular disease. The fishes rich in essential oils include mackerel, herring, tuna, and salmon. The other sources of fish oil are whale blubber, seal blubber, and cod liver. Eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) are the two most important omega-3 fatty acids found in fish oil. The demand for fish oil is increasing due to its benefits in improving cardiovascular health, which is expected to propel market growth during the forecast period.

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The high consumption of fish oil for its curative properties in kidney-related problems, ocular and vision disorders, cognitive impairment, and digestive issues, among others, is boosting demand globally. The growing adoption of aquafarming in developing countries is expected to offer an opportunity to key market players during the assessment period.

Segmentation

The global fish oil market has been segmented based on product type, end use, distribution channel, and region.

The global fish oil market has been classified, based on product type, as salmon oil, tuna oil, cod liver oil, anchovy oil, and others.

On the basis of end use, the global fish oil market has been divided into animal feed, functional food, functional beverages, dietary supplements, pharmaceutical products, and others.

The global fish oil market has been segmented, on the basis of distribution channel, into store-based and non-store-based. The store-based segment has further been segregated into supermarkets and hypermarkets, specialty stores, and others.

The global fish oil market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American fish oil market has further been segmented into the US, Canada, and Mexico.

The European fish oil market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe.

The fish oil market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The fish oil market in the rest of the world has been segmented into South America, the Middle East, and Africa.

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Key Players

Oceana Group Limited (South Africa), TripleNine Group (Denmark), Pesquera Diamante (Peru), Hayduk Corporacion (Peru), the Scoular Company (US), FF Skagen A/S (Denmark), Sarma Fish SARL (Morocco), FMC Corporation (US), Blueline Foods (India) Pvt. Ltd (India), and Olvea Fish Oils (France) are some of the key players in the global fish oil market.

Globally, North America is expected to dominate the market for fish oil due to the high consumption of supplements for health development and the growing need to maintain a healthy lifestyle in the region. The importance of omega-3-rich fish oil for cognitive development is also expected to boost the growth of the regional market during the forecast period.

The fish oil market in Asia-Pacific is projected to record the highest CAGR. Increasing health concerns among Japan’s elderly population is fuelling the regional demand for omega-3 fatty acids. The need for affordable food with a high protein content in developing countries such as China and India has led to the adoption of aquaculture and is expected to boost the growth of the fish oil market in Asia-Pacific during the forecast period.

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Global Fish Oil Market, by Product Type

Salmon Oil

Tuna Oil

Cod Liver Oil

Anchovy Oil

Others

Global Fish Oil Market, by End Use

Animal Feed

Functional Food

Functional Beverages

Dietary Supplements

Pharmaceutical Products

Others

Global Fish Oil Market, by Distribution Channel

Store-Based

Supermarkets and Hypermarkets

Specialty Stores

Others

Non-Store-Based

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