Fish Oil Market Size, Share, Analysis, Forecasts, 2014 - 2020

Fish oil is derived from the tissues of fish and known to reduce inflammation and have other health benefits. It is a major source of omega-3 acids, docosahexaenoic acid, and eicosapentaenoic acid. Omega-3 acids decrease triglycerides, depression, and the risk of coronary heart disease. The fish oil market was around USD 1.7 billion in 2012. It will witness 8.7% CAGR from 2014 to 2020 (forecast phase). Direct human consumption (DHC) would be the major market driver. The demand for fish oil in 2013 was around 1, 090 kilotons (KT). It would reach about 1, 200 KT by 2020. The U.S. FDA (Food and Drugs Administration) has limited the fishing of sharks, a rich source of omega-3 acids. This is due to the high levels of mercury, dioxin, and other polychlorinated biphenyls in their bodies. This can be a major hurdle for players of the fish oil market. For Market Research Report on “Fish Oil Market” Visit - Growth of aquaculture in Asia Pacific could help overcome this obstacle. The applications of fish oils are DHC, aquaculture, hydrogenation, and some industrial uses. Aquaculture was the largest application in 2013 and would dominate the fish oil market over the forecast phase. It is expected to reach 843.6 tons by 2020, at about 1% CAGR. Aquaculture species encompass salmon, trout, tilapias, eels, milkfish, catfish, marine shrimps, fresh crustaceans, and marine fishes. Salmon and trout are the most popular species. They jointly generated revenues worth around USD 854.7 million in 2013. They are projected to attain about USD 1.5 billion by 2020. Anchovies, mackerel, capelin, and herring are used for DHC. DHC would grow at around 1.6% CAGR during the forecast phase. North America, Europe, Asia Pacific, and Latin America are the major regions of fish oil. Europe was the largest fish oil market in 2013, accounting for 491.5 KT. It will experience about 8% CAGR in the forecast phase due to presence of high protein content in dietary supplements. Asia Pacific would be the fastest growing region owing to demand for fish oil in China. Key players in the worldwide fish oil market comprise Pesquera Diamante S.A., American Marine Ingredients, Epax AS, Croda Inc., and Colplex. Fish Oil Market Information Source: Grand View Research

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