Fish Oil Alternatives Market Business Standards and Forecast to 2032

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Fish Oil Alternatives Market is Expected to Reach
USD 3.5 Billion by 2032
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Overview of Fish Oil Alternatives Market

• Global Fish Oil Alternatives Market is
  anticipated to showcase lucrative growth during
  2023-2032, owing to the constantly surging demand
  for natural ingredients in animal feed, including
  vegetable oils. Vegetable oils have been in
  demand, over the years, owing to several benefits
  such as reducing the risk of cardiovascular
  diseases, lowering chances of breast cancer,
  better metabolism and digestion, and providing
  omega-3 fatty acids to the body. Besides, the
  rising meat consumption will also drive the
  demand for high-quality feed, encouraging farmers
  to use animal feeds with high nutritional values.
• Overall, the global fish oil alternatives
  industry is segmented in terms of product,
  application, distribution channel, and region.

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• Based on product, the canola oil segment is
  anticipated to depict 5 CAGR through 2032.
  Canola oil is used widely in food preparation
  owing to its high monounsaturated fat content.
  Besides, the rising inclination towards
  consumption of healthy ingredients will support
  the demand for canola oil in the future.
• By application, the cosmetics and personal care
  segment will be valued at USD 660 million by
  2032. The growth will be attributed to the rising
  use of vegetable oils in skincare and haircare
  products owing to the high content of
  polyunsaturated fatty acids, vitamin A, vitamin
  D, vitamin E, and other nutrients. In skincare,
  canola oil offers superior hydration and is
  deemed to be a rich source of antioxidants for
  personal care products such as soaps, lotions,
  creams, body washes, and more. It also boasts of
  moisturizing abilities to nourish and moisturize
  skin.
• Considering the distribution channel, the B2B
  segment is anticipated to exhibit 4.5 CAGR
  through 2032. An increasing demand for food
  products by consumers is speculated to result in
  high demand for vegetable oils from the food
  industry. Besides, its rising application in the
  feed industry is also slated to increase the
  adoption of fish oil alternatives by animal feed
  manufacturers.

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• Regionally, the Asia Pacific fish oil
  alternatives market will be valued at around USD
  1.3 billion by 2032. Expanding medical
  pharmaceutical, cosmetic, food beverages, and
  cattle poultry farming industries are expected
  to contribute to the growing product penetration.
  Besides, the rising spending on food and other
  services will also accelerate the product demand
  the region. Currently, the region has several
  restaurants from large chains that are estimated
  to grow in the future. In the coming years, the
  demand for healthy food products will also rise
  subsequently, thus positively supplementing the
  market growth.
• Notable participants in the Fish Oil Alternatives
  market include BURCON, Cargill Inc.,
  Archer-Daniels-Midland Company (ADM), Dupont,
  Wilmar International, CHS Inc., Farbest Brands,
  Sonic Biochem, Prinova Group LLC, Medix
  Laboratories, Bioway, and Batory Foods.

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