Fish Oil Market Trends, Size, Strategy, Applications Analysis and Growth by Forecast to 2029

pranit savgave

Dec 19, 2022 • 3 min read

Fish Oil Market

Fish Oil Market Forecast by 2029, Latest Drivers and Key Companies.

This report estimates the market size for Fish Oil using 2021 as the base year and a forecast period of 2022 to 2029. This analysis predicts that the Fish Oil market will grow by millions of dollars by 2029 when compared to 2021. The revenue CAGR of the Fish Oil market will skyrocket over the next seven years.

In-depth information on the market's size, price, revenue, trends, growth, and capacity is provided in the Fish Oil market research report, along with a forecast for the years up to 2029. The primary growth factors for this Fish Oil market are also thoroughly examined. This report is a comprehensive quantitative analysis of the market that offers information for creating plans to boost growth and effectiveness.

Concerns about the serious risks of heart disease, premature skin ageing, excessive hair loss, obesity, and other conditions are driving up demand for fish oil. Furthermore, the increasing acceptance of healthy eating habits is driving up demand for fish oil in the form of nutraceuticals, functional foods, and beverages. In addition, the expanding healthcare sector is increasing demand for bioactive substances such as fish oil, which contains high levels of docosahexaenoic and eicosapentaenoic acids (EPA).

Every year, more than 17.9 million people are killed by cardiovascular disease, according to the World Health Organization. Around 85% of these deaths were caused by a heart attack. Because of its benefits in reducing heart disease, this is boosting the market growth of fish oil.

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Fish Oil Market Overview:

Fish oil is extracted from the liver fat of fatty fish such as herring, swordfish, anchovies, sardines, carp, and tuna. It contains a high concentration of omega-3 fatty acids, vitamin A, vitamin D, zinc, and other nutrients. Fish oil has numerous health benefits, including lowering blood pressure, lowering the risk of heart disease, improving metabolism, preserving digestion and absorption, and improving skin health. For example, the volume of imported fish fats, oils, and fractions into Denmark in 2020 is estimated to be around 1.4 billion Danish kroner.

COVID 19 Impact:

The market is affected by COVID-19, and as that impact grows in 2019 and 2020, it will also affect the growth rate. Businesses and organisations are being forced by the COVID-19 crisis to digitise operations and manage risk to provide decision-makers with reliable data and experiences. This is supported by the most recent MMR research, opinions, and insights on the management issues that have the greatest market impact on businesses and organisations.

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Fish Oil Market Segment:

The global Fish Oil market is divided into five applications: pharmaceuticals, supplements & functional food, aquaculture, animal nutrition & pet food, and others. In 2021, the aquaculture segment held the largest market share, and it is expected to grow at the fastest CAGR of 6.9% in the global fish oil market during the forecast period. Rising aquaculture production in emerging economies like India and China is driving market expansion. Furthermore, rising health consciousness and an increase in chronic, heart, and brain disease are major market drivers. Another driving factor in the market is the increased use of fish oil in cosmetic products. Growing aquaculture activities are expected to drive market growth globally.

Top Companies in Fish Oil Market:

Copeinca As
Corpesca Sa
Colpex International
Triplenine Group A/S
FF Skagen A/S
Marvesa Holdings Nv
Pesquera Diamante Sa
Pesquera Exalmar
Royal Dsm Nv
Croda International plc
Basf Se
GC Reiber Vivomega Oils
LYSI HF

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (UK, Germany, France, Italy, Russia, Sweden, etc.)
Asia-Pacific (China, Japan, South Korea, India, Australia, ASEAN, and Rest Of APAC)
South America (Brazil, Argentina, etc.)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)

Important Features of the Reports:

Comprehensive overview of the Fish Oil market.
Fish Oil Market drivers, restraints, opportunities, and challenges region-wise.
Explanations for market share and segmentation in detail.
Current market trends and advancements

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