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Global Fish Oil Market is Expected to Reach $2,364 Million by 2024, Says

Variant Market Research

Global Fish Oil Market Report, published by Variant Market Research, forecast that the
global market is expected to reach $2,364 million by 2024 from $1,524 million in 2016;
growing at a CAGR of 5.6% from 2016 to 2024. By geography, Asia-pacific and Rest of the
World are expected to grow at a CAGR of 6.8% and 6.1%, respectively, during the forecast
period. The global fish oil market is majorly driven by rise in consumer awareness
regarding health benefits of omega-3, augmented aquaculture activities, and increased
direct consumption of fish oil. Moreover, increased use of fish oil as an ingredient in
cosmetic products has also propelled the growth of the market. However, high cost of fish
oil coupled with large demand-supply gap would restrain the market growth in the coming
years. Regulatory support from various agencies such as, The Food and Drug
Administration (FDA) and EFSA (European Food Safety Authority) would provide several
growth opportunities for the market in the coming years.

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categories/food-beverages-/fish-oil-market

The global fish oil market has been categorized on the basis of species and application. The
market by species is segmented into marine fish, tilapias, carps, salmon and trout, and
others. Salmon and trout accounted for the largest market share in 2016, owing to its
increased direct human consumption to improve metabolism and strengthen muscle &
heart. By application, the market is further divided into aquaculture, direct human
consumption, and others. The aquaculture segment accounted for more than half of the
total market share in 2016; owing to rise in importance of breeding and regular stocking
for enhancing fish production output.
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Geographically, the market is categorised into North America, Europe, Asia-Pacific and Rest
of the World (RoW). Europe accounted for the largest market share of 41.5% in 2016,
owing to rise in aquaculture activities in Norway and UK. The Common Fisheries Policy
Reform passed by European Commission has also led to growth of fish oil market in the
region. Asia-Pacific accounted for the second largest market share of 26.5%, driven by
increased awareness towards nutritional diet in emerging economies such as China and
India. In terms of growth, Asia-Pacific is to attain the fastest CAGR of 6.8% during the
forecast period 2016-2024. The growth would be primarily driven by growing aquaculture
sector mainly in countries such as China, Indonesia, Bangladesh, Thailand, and India.

Scope of Fish Oil Market

Species Segments

Marine Fish
Tilapias
Carps
Salmon and Trout
Others (Includes Eels, Mackerels, Herrings)
Application Segments

Aquaculture
Direct Human Consumption
Others (Includes Hydrogenation and Industrial use)

Geographical Segments

North America
o US
o Canada
o Mexico
Europe
o Germany
o UK
o France
o Others
Asia-Pacific
o China
o India
o Japan
o Others
RoW
o South America
o Middle East
o Africa

Table Of Content
Chapter 1. Prefix
1.1 Market Scope
1.2 Report Description
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 In-house Data Modeling
Chapter 2. Executive Summary
Chapter 3. Market Outline
3.1 Market Inclination, Trend, Outlook and Viewpoint
3.2 Market Share Analysis: Companys Competitive Scenario
3.3 Value Chain Analysis
3.4 Market Dynamics
3.4.1 Drivers
3.4.1.1 Impact Analysis
3.4.2 Restraints
3.4.2.1 Impact Analysis
3.4.3 Opportunities
3.5 Porters five forces analysis
3.5.1 Factors Impact Analysis
.
Chapter 7 Company Profiles
7.1 Croda Inc.
7.2 EPAX AS
7.3 Omega Protein Corporation
7.4 Colpex
7.5 COPEINCA ASA
7.6 TASA
7.7 Copeinca AS
7.8 Corpesca SA
7.9 FMC Corporation
7.10 Pesquera Diamante S.A
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