Fish Oil Market is Expected to Reach USD 5.42 Billion by 2026 | TripleNine Group, Oceana Group Limited, Pesquera Diamante, The Scoular Company

The global fish oil market is expected to reach USD 5.42 Billion by 2026, according to a new report by Reports and Data. Fish oil is essentially used as a feed item in several animals and human nutritional uses, which comprise aquaculture feed, animal & pet feed, pharmaceuticals, dietary supplements, and functional food. Fish oil is the key ingredient in the growth of the aquaculture industry across the globe and it is a crucial factor for the growth of the fish oil market.

An increase in consumer awareness about the health benefits of omega-3 fatty acids is anticipated to fuel the growth of the global fish oil market in the forecast period. Moreover, an increase in product consumption in protective coatings and lubricants would further drive the fish oil market growth in the forecast period. Additionally, high consumption of EPA/DHA omega-3 fatty acids aids in lowering blood pressure and bad cholesterol and mitigating the risk of coronary heart disease (CHD), such as strokes. These health benefits are likely to drive the growth of the fish oil market globally.

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The report includes the latest coverage of the impact of COVID-19 on the Fish Oil industry. The incidence has affected nearly every aspect of the business domain. This study evaluates the current scenario and predicts future outcomes of the pandemic on the global economy.

Leading players in the Fish Oil market:

TripleNine Group, Oceana Group Limited, Pesquera Diamante, The Scoular Company, FMC Corporation, GC Rieber Oils, Croda Inc., Omega Protein Corporation, Marvesa holding N.V., and Corpesca S.A. among others.

What does the Fish Oil report comprise?

This report on the Fish Oil market studies the global industry, with a focus on production, gross revenue, usage, sales, import-export status, market share, and expected growth rate for the forecast duration. It studies the global landscape of the market with a focus on production, income, usage, sales, import and export status, and growth rate for the forecast duration from 2019 to 2026. The report categorizes the overall market into product types, applications, end-user, leading players, and major geographies. The information offered in the report gives the companies and individuals operating in the sector, or planning to invest in the business, a holistic and unbiased view of the market. Furthermore, the study also emphasizes the major drivers and challenges, technological innovations or product innovations in the pipeline, and the growth prospects existing in the Fish Oil market.

Key offerings of the Fish Oil report:

The Fish Oil market report includes a meticulous analysis to give a summary of the information gathered related to market essentials, research methodology, and the sources referred to for data collection. The competitive landscape given in the report identifies the major mutual trends and the leading players operating in the market. The report also evaluates different factors essential for the companies currently engaged in the market as well as new entrants, along with an elaborate value chain analysis.

For the purpose of this report, Reports and Data has segmented the Fish Oil market on the basis of boiler type, fuel type, end use, and region:

Source Insights (Volume, Kilo Tons, Revenue, USD Million; 2018-2026)

  • Salmon
  • Cod
  • Anchovy
  • Tuna
  • Mackerel
  • Sardines
  • Herring
  • Others

Application (Volume, Kilo Tons, Revenue, USD Million; 2018-2026)

  • Aquaculture
  • Animal Feed
  • Functional Food & Beverages
  • Dietary Supplements
  • Pharmaceuticals
  • Others

Distribution Channel Outlook (Volume, Kilo Tons, Revenue, USD Million; 2018-2026)

  • Store Based
    • Supermarkets
    • Hypermarkets
    • Specialty Stores
    • Others
  • Non-store Based

Regional Outlook (Revenue in USD Million; 2016–2026)

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, UK, Russia and Italy)
  • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  • South America (Brazil, Argentina, Colombia)

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Further key findings from the report suggest:

  • Aquaculture contributed to the largest market share in 2018 with a revenue of USD 1.84 Billion and is projected to have a growth rate of 6.3% in the forecast period. This market dominance can be attributed to the rising significance of breeding and regular stocking for improving fish production output. Further, an increase in aquaculture production of salmon along with positive industry outlook on aquaculture in China due to cheap labor and application growth is anticipated to fuel market growth.
  • Store-based distributional channel occupied the largest market share in 2018 and is expected to continue its dominance in the forecast period with a growth rate of 6.3%.
  • Asia Pacific is projected to experience a significant growth at a CAGR of 6.3%, in terms of revenue, from 2019-2026 owing to the growth of aquaculture sector from countries such as China, India, Thailand, Indonesia, and Bangladesh. Besides, growing awareness for nutritional diet in emerging countries of China and India is expected to fuel demand for dietary supplements….Continued

Who should buy the Fish Oil market report?

Individuals seeking crucial information to improve their decision-making abilities will find this report helpful:

1. Breakdown of the market shares held by leading industry players.

2. Evaluation of the market on both the regional and global scales.

3. Market estimation for the forecast period for the industry segments and sub-segments.

4. Strategic recommendations to help new entrants navigate to their desired market position.

5. Optimum tactics in primary business industries based on the detailed forecast.

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In conclusion, the Fish Oil market report is a reliable source for accessing the Market data that will exponentially accelerate your business. The report provides the principal locale, economic scenarios with the item value, benefit, supply, limit, generation, request, Market development rate, and figure and so on. Besides, the report presents a new task SWOT analysis, speculation attainability investigation, and venture return investigation.

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