According to a new market report published by Credence Research “Fish oil Market - Growth, Future Prospects, and Competitive Analysis, 2016 – 2024,” the global fish oil market is expected to reach over US$ 3.69 Bn by 2025, expanding at a CAGR of 5.8% from 2017 to 2025.
Browse the full Fish Oil Market by application, Aquaculture, Animal Nutrition & Pet Food, Pharmaceuticals, Supplements and Others (Functional Food, etc.); by source, freshwater fish and marine fish; by geography, North America, Europe, Asia Pacific, Latin America and Middle East and Africa - Growth, Future Prospects and Competitive Analysis, 2017 – 2025 report at http://www.credenceresearch.com/report/fish-oil-market
Market Insights
The worldwide fish oil market was evaluated at US$ 2.22 Bn for the year 2016. Growing demand for aquaculture and animal nutrition & pet food is predicted to remain the chief aspect determining the trends of the global fish oil market in the near future. Increasing prevalence of heart diseases among consumers on account of unhealthy lifestyle will increase demand for fish oil over the forecast period. Moreover, fish oil is also used as an ingredient in cosmetic products, as emollients and in general ointments.
China is the dominant player in the fish oil market owing to favorable climatic conditions and abundant availability of farming land. China is also the world’s largest exporter of fish oil. A major driver for the increasing fish oil production in China is mainly due to the highest concentration of aquaculture industry in this region. Overall consumption of fish oil in Western Europe is expected to increase in future. Rising concern for chronic disease leads to the acceptance of omega 3 fish oil in countries like U.S., Japan, and Western European countries.
Growing demand for fish oil from different end-use sectors has compelled the producers to concentrate on the increase in production. American Marine Ingredients, Colpex, Copeinca ASA, Corpesca S.A., Croda Inc., FF Skagen A/S, FMC Corporation, GC Rieber Oils, Marvesa Holding N.V., Nutrifynn Caps, Inc., Omega Protein and Pesquera Diamante S.A. are few key manufacturers in the global fish oil market.
Key Trends
- Growing global aquaculture industry
- Rising concern of chronic diseases among consumers
- Leading fish oil companies focusing on acquisition and product diversification
- Asia Pacific is expected to register the highest growth rate
- Large demand-supply gap is expected to restrain market
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist works straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Contact:
Name: Chris Smith
Designation: Global Sales Manager
Ph: 1-800-361-8290
Email: sales@credenceresearch.com
No comments:
Post a Comment