Fish Oil Market Overview

Albany, NY -- (SBWire) -- 03/23/2019 --The demand for fish oil and fish oil supplements is exceptionally high around the world. However, countries such as Peru, Denmark, and Chile emerged as the leading producers of fish oil, contributing to over 50% of the global fish oil production.

Consuming fish oil supplements or eating more fish can help prevent psychosis or psychotic disorders and aid neural health. The growing awareness regarding the benefits of omega 3 fatty acids and rise in direct human consumption (DHC) are the key factors aiding the development of the global fish oil market.

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U.S. to Lead Global Fish Oil Market

In this research report, the geographical presence of the global market for fish oil has also been studied thoroughly. North America, Asia Pacific, Europe, and Rest of the World have been considered as the key geographical segments of the worldwide fish oil market in this study. Among these, Europe occupied the leading position in 2011 and is expected to continue on the top over the next few years, thanks to the fish farming being the traditional occupation in this region, reports the market study.

Overview of the Global Fish Oil Market

The global fish oil market, which stood at US$1.1 billion in 2011, is expected to rise to US$1.7 billion by the end of 2018. If the figures hold true, the market will develop at a positive 5.5% CAGR between 2012 and 2018. In 2011, the global fish oil market sold approximately 1,035 kilo tons of fish oil. The market will register only meager growth during the forecast period, with the sales expected to rise to 1,130 kilo tons by 2018, exhibiting a slow but positive CAGR of 1.22%.

Rising awareness regarding the benefits of omega 3 fatty acids, of which fish oil is a primary source, boosts the global market for fish oil. With the increasing dietary consumption of omega 3 fatty acid worldwide, the demand for fish oil is poised to increase exponentially in the next few years. However, the static or reduced production of fish oil globally may impede the market growth to a certain extent.

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The most common sources of omega 3 fatty acids include fish, flax, and algae. However, a majority of omega 3 is commercially obtained from fish oils. Omega 3 also helps prevent heart diseases by reducing harmful triglyceride levels in the body. The growing awareness regarding such health benefits offered by omega 3 fatty acids has aided in augmenting the demand for fish oil globally.