Global Fish Oil Market – Size, Share, Growth, Segment, Trends and Forecast 2014 – 2020
Sarasota, FL -- (SBWIRE) -- 11/23/2016 -- Global 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, Size, Share, Growth, Segment, Trends and Forecast, 2014–2020
The report covers forecast and analysis for the fish oil market on a global and regional level. 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 study includes drivers and restraints for the fish oil market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the fish oil market on a global level.
Global Fish Oil Market 2014-2020
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 is 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 acid 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 huge gap between world demand for fish and the actual harvest from the world's natural stocks is expected to curb the growth of fish oil market over the years.
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In order to give the users of this report a comprehensive view on the fish oil market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the Fish oil market has also been included. The study encompasses a market attractiveness analysis, wherein type segments are benchmarked based on their market size, growth rate and general attractiveness.
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 functional food is another key outlet of fish oil market.
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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 total fish oil market in 2014. Moreover, fish oil market has huge opportunity in the emerging markets of Asia Pacific due to increasing population in this region.
The study provides a decisive view on the fish oil market by segmenting the market based on types and applications. All the type and application segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East & Africa with its bifurcation into major countries including US, Canada, Mexico, Denmark, Norway, Belgium, China, Japan, Australia, Vietnam, Indonesia, Peru and Chile. This segmentation includes demand for individual applications in all the regions.
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The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global fish oil market. Key players profiled in the report include 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.
Global Fish oil Market: Type Segment Analysis
Global Fish oil Market: Application Segment Analysis
- Animal Nutrition & Pet Food
- Supplement & Functional Food
Global Fish oil Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America And Middle East & Africa (LAMEA)
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