Rising concern of chronic diseases such as cardiovascular and eye & joint deterioration is propelling the consumption of omega-3 fish oil in pharmaceutical and supplements & functional food application segments in the asia-pacific region.

Portland, OR -- (SBWire) -- 06/20/2018 --Asia-Pacific Fish Oil Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $1.5 Billion by 2020, registering a CAGR of 5% during the period 2015-2020. Presently, aquaculture application segment accounts for about 2/3rd of the Asia Pacific fish oil market revenue. China would continue to consolidate its leading position due to a high concentration of the aquaculture industry.

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Fish oil has emerged as an ideal health nutrient for animals and humans, owing to the high concentration of essential fatty acids such as EPA and DHA. It is largely used in aquaculture applications as a key ingredient in aqua feed. Asia Pacific has emerged as a dominant market for fish oil consumption owing to the huge concentration of aquaculture industry in China, India, Vietnam and Indonesia. Moreover, the rising health concern among consumers leads to the usage of fish oil as a nutritional supplements in the developed countries like japan and Australia.

Geographically, the market is segmented across China, Japan, Australia, Vietnam, Indonesia, India and rest of APAC. China accounts for the largest fish oil consumption owing to the high concentration of the aquaculture industry in this region. Besides China, aqua feed grade fish oil is widely consumed in Indonesia, Vietnam and India. A considerable rise of health concerns in Japans geriatric population, fuels the demand for the consumption of nutritional and pharmaceutical grade fish oil.

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Key Findings of Asia-Pacific Fish Oil Market:

Over the forecast period, supplement & functional foods and pharmaceuticals would emerge as the most lucrative fish oil application segments

3/5th of the Asia Pacific fish oil market is captured by China and Japan collectively

Most of the fish oil consumed in Asia is produced from Anchovies

Salmon and Trout are the two fish species that consumes the largest volume of aqua grade fish oil

Vietnam is among the top crude fish oil suppliers to China

Aquaculture and supplement & functional food are considered as the most attractive segment for investors in Asia pacific fish oil market

Key companies, such as Triple Nine A/S and Omega Protein Corporation are primarily focusing on merger and acquisition as key strategies in order to strengthen their presence in potential fish oil markets across Asia Pacific region. The report covers a detailed study of key players such as Copeinca AS, Pesquera Diamante S.A, Corpesca SA, TripleNine, Omega Protein Corporation, Arbee and Mukka Sea Foods Industries.