Global Fish Oil Market poised to grow beyond USD 4.12 billion by 2021
Infinium Global Research has undertaken a new report on Global Fish Oil Market: Trends Analysis and Forecast 2021. The report presents analysis global as well as regional markets of Fish Oil over the period of 2015 to 2021 Moreover, the IGR-Growth Matrix given in the report provides key focus areas and investment areas the market players can focus on. The market size is presented in terms of value for the historic year 2015 and estimated for forecast period of 2016 to 2021.
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The global fish oil market is projected to reach USD 4.12 billion by 2021, growing with a CAGR of 5.2% from 2016 to 2021. Fish oil is largely used as a feed ingredient in numerous animal and human nutritional applications, which include aquaculture feed, animal nutrition & pet feed, pharmaceuticals, supplements & functional food. Fish oil is the prime ingredient in aqua feed and growth of the global aquaculture industry, subsequently results in the growth of the fish oil market. Growing demand for hydrogenated vegetable oils and margarine on account of changing eating habits is expected to simulate industry expansion. In addition, growing product consumption in protective coatings and lubricants is expected to augment growth over the forecast period.
Consumption of DHA/EPA helps in reducing blood pressure, bad cholesterol, and coronary heart diseases including strokes, which is expected to fuel industry expansion. Increasing prevalence of heart diseases among consumers on account of unhealthy lifestyle will spur demand over the forecast period. In addition, increasing use of the ingredient in cosmetic products, as emollients and in general ointments is expected to promote industry growth.
Increasing health approvals by various agencies including EU, The American Dietetic Association, The Food and Drug Administration (FDA), and EFSA (European Food Safety Authority) along with regulatory support to promote fishing industry is expected to have a positive impact on the market. Increasing R&D investments along with technological development to utilize the ingredient in the healthcare sector will open new market avenues in the near future.
Moreover the report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand globally as well as regionally. Moreover, Infinium Global Research- Growth Matrix (IGR- Growth Matrix) given in the report brings an insight on the investment areas that existing or new market players can consider.
The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of Fish Oil. Moreover, the study highlights current market trends and provides forecast from 2016 to 2021. We also have highlighted future trends in the Fish Oil that will impact the demand during the forecast period.
The Infinium Global Research- Growth Matrix (IGR- Growth Matrix) provided in this report highlights key investing markets in the world. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.
The companies covered in the report include TASA, Omega Protein Corporation, Copeinca AS, Corpesca SA, FMC Corporation, TripleNine, Pesquera Diamante S.A, Marvesa Holding N.V., PesqueraExalmar, FF Skagen A/S and Colpex international.
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