Worldwide Fish Oil Products Market forecasts on regional growth, industry players and more

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Fish Oil Products Market Analysis, Trends and
Forecast to 2024 Global Market Insights Inc.
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Regional Analysis of Fish Oil Products Market

• North America, led by the U.S. will experience
  significant growth for fish oil products market
  due to increasing awareness of health benefits
  from the product among consumers. Increasing
  chronic diseases in Americans will help escalate
  the product demand in the region.
• European region ranks first in terms of
  consumption of fish oil products due to
  prevalence of salmon and trout farming in the
  region. The European commission passed the CFP in
  April 2014 which has promoted the aquaculture
  sector in this region. Also, Europe in one of the
  biggest consumer of pharmaceuticals, supplements
  and functional food, thus helping in fish oil
  products market growth.
• Asia-Pacific, dominated by China is the biggest
  fish oil products market owning to growing
  aquaculture sector in the region. Growing health
  concerns in Japan will rise the consumption of
  pharmaceutical and nutritional grade fish oil.
  The industry will further be driven by rising
  concerns towards nutritional diet in developing
  economies including, India and China.

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• Application Analysis of Fish Oil Products Market
  
• The product is used for direct human consumption
  and in livestock industrial applications.
  Livestock segment is divided into aquatic
  animals, swine, poultry, cattle and pets.
  Industrial application is further categorised
  into fertilizer, aquaculture and pharmaceuticals.
  Aquaculture is anticipated to be the fastest
  growing segment due to growing importance of
  regular stocking and breeding to enhance fish
  production. Direct human consumption of the
  product is exponentially increasing due to
  increasing usage of omeng-3 fatty acids in
  pharmaceutical industry. Besides, growing
  consumer awareness related to high protein
  content in fish oil is expected to fuel this
  segment growth. Animal nutrition pet food,
  supplement and functional food are various other
  applications which will drive fish oil products
  market.

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Competitive Market Share of Fish Oil Products
Market

• Global fish oil products market is moderately
  concentrated. Some of the prominent key companies
  present in this market are COLPEX, FMC, Croda,
  Triplenine Group, OLVEA, Orizon, COPEINCA, Rieber
  Oils and American Marine Ingredients. Other major
  players are FF Skagen, Omega Protien, Pesquera
  Pacific Star, Pioneer, Oceana Group, Austevoll
  Seafood and Barleans.
• The leading companies are mainly focusing on
  product diversification and acquisition to
  maintain the competitiveness in the global
  industry. For instance, in 2015, Oceana Group
  acquired Daybrook, an American based marine
  company for USD 383.3 million. This acquisition
  will help the company to increase their product
  offerings. Similar strategy was adopted by Omega
  Protein by acquiring Bioriginal Food Science, a
  prominent supplier of fatty acids in food
  industry to widen its product range.

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