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Global Fish Oil Market to register $2.93 Bn growth by 2020

, 19 June 2017 -- Market Research published a latest report titled, "Fish Oil Market - Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020" to it's database.

Zion Market Research has published a new report titled “Fish Oil (Anchovy, Mackerel, Sardines, Cod, Herring, Menhaden, Others) Market   for Aquaculture, Animal Nutrition & Pet, Food, Pharmaceuticals Supplement & Functional Food and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020.” According to the report, the global fish oil market accounted for USD 2.22 Billion in 2014 and is expected to reach USD 2.93 Billion by 2020, growing at a CAGR of around 4.8% between 2015 and 2020.

The global fish oil market is expected to witness significant growth over the forecast period on account of increasing demand from aquaculture industry. Fish oil plays an important role in prepared diets for carnivorous and omnivorous aquaculture species. The growing aquaculture industry and the consequent demand for fish oil are expected to drive the demand for fish oil in the aquaculture industry within the forecast period. Furthermore, the increasing awareness on the usage of omega 3 acids owing to its growing health benefits is expected to augment the demand for fish oil in the years to come. However, frequency and intensity of extreme climatic changes coupled with a huge gap between world demand for fish and the actual harvest from the world’s natural stocks are expected to curb the growth of fish oil market over the years.

Request For Free Sample Report: http://www.marketresearchstore.com/report/fish-oil-market-z60706#RequestSample

Anchovy segment dominated the fish oil market with over 30% share of total volume consumption in 2014. These fish contain oil that is highly concentrated with healthy fats, primarily polyunsaturated fatty acids called omega-3 fatty acids. Sardine segment is another leading segment accounted for over 12% share of total market share in 2014. Cod and herring segments are expected to experience significant growth within the forecast period.

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Aquaculture emerged as the leading application segment by accounting for over 65% of the global volume in 2014. Fish oils are widely used in aquaculture as fish nutrition or fish feed. Aquaculture segment is expected to continue its dominance over the forecast period. Pharmaceutical application segment held 9.68% share of the overall market consumption in 2014 and expected to witness the significant growth in the years to comes on account of increasing health awareness among people. Supplement and the functional food is another key outlet of the fish oil market.

In terms of geography, Europe was the largest market for fish oil in the world due to the increasing demand from aquaculture industry. In terms of volume, Europe accounted for over 42% share of the total fish oil market in 2014. Moreover, the fish oil market has a huge opportunity in the emerging markets of Asia Pacific due to increasing population in this region.

Browse the full report at: http://www.marketresearchstore.com/report/fish-oil-market-z60706

Some of the key players included in fish oil markets such as TASA, Omega Protein Corporation, Copeinca AS, Corpesca SA, FMC Corporation, TripleNine, Pesquera Diamante S.A, Marvesa Holding N.V., Pesquera Exalmar, FF Skagen A/S and Colpex international.

This report segments the global fish oil market as follows:

Type Segment Analysis: Anchovy, Mackerel, Sardines, Cod, Herring, Menhaden, Others

Application Segment Analysis: Aquaculture, Animal Nutrition & Pet Food, Pharmaceuticals, Supplement & Functional Food, Others

Regional Segment Analysis: North America (US), Europe(Germany, France, UK), Asia Pacific(China, Japan, India), Latin America(Brazil), Middle East and Africa

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About Us: Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with Vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from Cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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Submitted by Stevan Schulz, Market Research Store on Monday, 19 June 2017 at 7:27 PM
Category: Business
 
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