Fish Oil Market: Market Introduction
Fish oil is a very important nutrient and contains effective omega 3 fatty acids that can be easily absorbed. It contains both eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA). It provides numerous health benefits such as it reduces the risk of death due to heart attack, dangerous abnormal heart rhythms, lowers triglycerides, and strokes. It also provides health benefits in people with known cardiovascular disease, lowers blood pressure slightly, and slows the buildup of atherosclerotic plaques.
It is recognized as the most valuable nutrient for both humans and livestock. Fish liver oil and fish body oil are the two types of fish oil. Fish oil is a rich source of omega 3 fatty acids and also contains a great amount of vitamin A and vitamin D, essential for the human body. Even though with the increasing demand for fish oil and growing aquaculture industry, global production of fish oil is very stagnant.
Fish Oil and its Properties:
EPA present in the fish oil helps to maintain a healthy heart by improving blood circulation and immune function. DHA present in it has a positive effect on the improvement of memory and cognitive function. It plays an important role in the development of the infant's brain. It is very beneficial in some pets with inflammatory kidney diseases and allergic skin diseases. It slows down the growth of some type of cancer in pets.
Fish Oil Market: Market Dynamics
Fish Oil is the fastest growing trend in the food and beverage industry. Increasing awareness about the health benefits leads to increase the consumption. Growing aquaculture industry increases the consumption of fish oil and boosts the market across the world. An increasing number of people with cardiovascular and heart diseases across the world leads to an increase in the consumption of fish oil and helps in the growth of the fish oil market globally. Natural and rich source of omega 3 fatty acids obtained from a variety of fish, this awareness inspiring people to consume more fish oil, which is anticipated to grow the global fish oil market. Increasing nutraceuticals industry leads to an increase in the consumption of fish oil as a healthy supplement, which boosts the fish oil market in the near future.
Fish Oil Market: Segmentation
On the basis of the sources, the global Fish Oil market has been segmented as:
On the basis of applications, the global Fish Oil market has been segmented as:
On the basis of Region, the global Fish Oil market has been segmented as:
Fish Oil Market: Market Participants
Some of the market participants dominating the global Fish Oil market identified across the value chain include China Fishery Group, COPEINCA, Austevoll Seafood ASA, FF Skagen A/S, Pesquera Diamante S.A., TripleNine Group, United Marine Products, Camanchaca, Pesquera Exalmar, OLVEA Fish Oils, Omega Protein Corporation, Pesquera Pacific, Orizon SA, Oceana Group, Pioneer Fishing, Kobyalar Group, CV. Sari LautJaya, Nissui Group, Animalfeeds International, Eskja, HB Grandi, Hainan Fish Oil, and Jiekou Group among the other Fish Oil manufacturers.
Opportunities for Participants in the Fish Oil Market
Increasing awareness about the health benefits of omega 3 acids in cardiovascular and heart disease leads to an increase in the global demand for fish oil. The wide use of fish oil in direct human consumption and in aquaculture are the important factors that are supporting the growth of the fish oil market across the globe.
Increasing aquaculture industry and increasing consumption of omega 3 fatty acids leads to an increase in the demand for fish oil in the global fish oil market. Due to numerous health benefits in cardiovascular and heart diseases, the consumption of fish oil is increased. Also increasing the use of fish oil in animal feed, functional food, sports nutrition, and pharmaceutical industry boost the fish oil market in the near future.