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Global Fish Oil Market | Growth, Analysis, Trends, Share


Global market for fish oil to grow with an anticipated CAGR of 5.62%, and reach a revenue of $2623.19 million by 2028. Get Free Sample Report. – PowerPoint PPT presentation

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Title: Global Fish Oil Market | Growth, Analysis, Trends, Share

The Global Fish Oil Market is likely to Progress
with 5.62 CAGR by 2028
Triton Market Research presents the Global Fish
Oil Market report segmented by Species (Anchovy,
Mackerel, Sardines, Cod, Herring, Menhaden, Other
Species), by Application (Aquaculture Salmon
Trout, Marine Fish, Crustaceans, Tilapias, Eels,
Cyprinids, Other Aquaculture, Animal Nutrition,
Pharmaceuticals, Supplements Functional Food,
Other Applications), by Geographical Region
(North America, Europe, Asia-Pacific, Latin
America, the Middle East and Africa), discussing
Market Summary, Industry Outlook, Market
Definition, Key Insights, Porter's Five Forces
Analysis, Market Attractiveness Index, Vendor
Scorecard, Key Market Strategies, Drivers,
Restraints, Opportunities, Competitive Landscape,
Methodology Scope, Global Market Size,
Forecasts Analysis (2021-2028).
GLOBAL FISH OIL MARKET 2021-2028 CAGfc5.62 The
regional paradigm of FISH OIL MARKET was
dominated by ASIA-PACIFIC by capturing a majority
of revenue share. In Addition, NORTH AMERICA is
anticipated to be the fastest growing regional
market over the forecast period. www.tritonmarketr
Request a Free Sample https//www.tritonmarketres
ple Triton Market Research, in its report on the
Global Fish Oil Market, states that, the industry
is expected to evolve at a CAGR of 5.62 (by
revenue) and 3.41 (by volume) during the
forecasted period (20212028). The growing demand
for fish oil by the elderly populace is one of
the key factors driving the growth of the market.
The omega-3 fatty acid present in the oil is
beneficial for their health, as it reduces the
risk of chronic dieseases. And older consumers
are keen on taking preventive measures, so that
they can remain healthy. Thus, with the rising
awareness regarding the health benefits offered
by fish oil, its consumption among these
consumers is expected to increase. On the flip
side though, adverse climatic
conditions significantly hinder fishing and
agricultural activities along coastal areas in
developing nations. This is largely hampering the
growth of the market studied. The market in North
America is expected to grow at the fastest rate
in the overall market worldwide, in the years to
come. Fish oil is used as a primary feeding
ingredient in this region for animal nutrition
and pet food. In addition, the growing demand for
omega-3 fatty acid has enhanced the consumption
of fish oil in the United States. Further, Health
Canada recommends Canadian citizens to intake
omeg-3 supplements, owing to their
docosahexaenoic acid (DHA) and eicosapentaenoic
acid (EPA) content, which is proving beneficial
for the growth of the regional market. Omega
Protein Corporation, Colpex International, Lysi
Hf, Royal DSM NV, FF Skagen A/S, Pesquera
Exalmar, Corpesca SA, Triplenine Group A/S,
Pesquera Diamante SA, FMC Corporation, GC Reiber
Vivomega Oils, Marvesa Holdings NV,Croda
International Plc, Copeinca AS, and BASF SE are
the eminent players present in this market. Given
the adverse climatic conditions and stringent
regulations by the government, fish oil
production has been significantly affected in the
last couple of years. The demand-supply gap
results in slow industry growth. There are more
than 300 manufacturers in the global fish oil
industry, offering various crude and
refined-grade fish oil for different end-users.
However, the quality of their products and the
prcing are the differentiating factors, which are
expected to intensify the competition among the
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