The global Fish Oil for Aquaculture Market size was USD 2,017.10 Million in 2021 and is expected to register a revenue CAGR of 5.8% over the forecast period, according to the latest report by Reports and Data.
Due to its many benefits, people are consuming fish oil at an increasing rate, which is a key component in the market's revenue growth. Fish oil lowers blood pressure and levels, lessens morning stiffness, and soothes achy joints in people. It also lowers the risk of heart disease. Fatty fish like mackerel, sardines, and anchovies are used to make fish oil. The oil is frequently present in a supplement, either as a liquid or in capsule form. Also beneficial for inflammatory conditions, fish oil supports pregnancy, healthy hair, and nursing, all of which are contributing to the market's revenue growth. Taking fish oil supplements throughout pregnancy and nursing improves the development of the baby's vision and reduces the likelihood that they may develop allergies.
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Major Companies:
American Seafoods Company LLC, Colpex International S.A.C, Croda International Plc, FMC Corporation, GC Rieber VivoMega AS, Omega Protein Corporation, Oceana Group Limited, The Scoular Company, FMC Corporation, and Sarma Fish SARL.
Key Trends of Fish Oil for Aquaculture Market
- Growing Demand for Omega-3 Fatty Acids: Fish oil is rich in omega-3 fatty acids, which are essential for human health. The increasing awareness about the health benefits of omega-3 fatty acids, such as cardiovascular health, brain function, and anti-inflammatory properties, has been driving the demand for fish oil.
- Expansion in Aquaculture Industry: The aquaculture industry, including fish farming, has been expanding rapidly to meet the growing global demand for seafood. Fish oil is an important ingredient in aquaculture feed, as it provides essential nutrients and promotes fish growth and health. The growth of the aquaculture sector has consequently fueled the demand for fish oil.
- Rising Popularity of Nutraceuticals and Dietary Supplements: Fish oil is widely used in the production of nutraceuticals and dietary supplements due to its high omega-3 content. Consumers are increasingly seeking natural and functional food products, leading to a surge in the demand for fish oil-based supplements and nutraceuticals.
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The global Fish Oil for Aquaculture Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Source Outlook (Revenue, USD Billion; 2019-2030)
- Salmon
- Cod
- Anchovy
- Tuna
- Mackerel
- Sardines
- Herring
- Others
Form Outlook (Revenue, USD Billion; 2019-2030)
- Liquid
- Capsule
- Pill
Application Outlook (Revenue, USD Billion; 2019-2030)
- Aquaculture
- Animal Feed
- Functional Food Beverages
- Dietary Supplements
- Pharmaceuticals
- Others
Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
- Online Retail
- Supermarkets Hypermarkets
- Specialty Stores
- Others
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