Fish oil contains a large amount of omega-3 fatty acids, such as EPA and DHA, which are valuable nutrients for humans and animals. Fish oil is primarily used as a feed ingredient in many human and dietary livestock applications, such as aquaculture feed, animal feed, pharmaceuticals, supplements, and functional foods. Moreover, Eicosapentaenoic acid (EPA) and Docosahexaenoic acid (DHA) omega-3 fatty acids are helpful in decreasing blood pressure, bad cholesterol, and coronary heart diseases and also improvement of memory and cognitive function of human and animal. According to Renub Research, The Global Fish Oil Market is projected to reach US$ 3 Billion by the year 2026.
The significant factors contributing to the growth of the fish oil market globally are increasing awareness about the health benefits, rising consumption, growing aquaculture industry, and an increasing number of people with cardiovascular and heart diseases across the world. The growing use of fish oil in cosmetic products is also expected to encourage market growth.
Besides, fish oil products are mainly used for aquaculture and direct human use, although the former share of use has continued to decline, and the latter has continued to rise in recent years. This pattern is projected to remain in the years to come. This means that the market, in particular the direct human consumption, has considerable scope to expand.
As per our Study, countries such as Peru, the United States, Chile, China, Denmark, Vietnam, and Japan are the leading producers of fish oil. Fish and seafood industries were also at a competitive stage of development, with major market players and government fisheries joining hands with small-scale inter- and intra-regional fishing farms, resulting in a loop of quality demand on the aquatic feed additives market.
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However, there are few challenges, too, such as Government rules & regulations around the world that limit the fishing quota create a supply gap in demand that is mainly affecting the growth of the fish oil market.
Renub Research report titled “Global Fish Oil Market & Volume, Forecast by Species (Blue whiting, Anchovy, Norway Pout, Sprat, Capelin, Menhaden, Sardines, Send eel), Application: Aquaculture (Crustaceans, Cyprinids, Eels, Tilapias, Marine fish, Salmonids, Others), Direct Human Consumption, Others (hydrogenation and industrial), Export, Import, Production (Countries: Peru, United States, Japan, Chile, China, Norway, Vietnam, Denmark, Iceland, India, Morocco, Ecuador, Canada) Value Chain Analysis” provides a complete analysis of global fish oil market.
Top Fish Oil Importing Countries Insights
In this report, we have provided a full study of top fish oil-importing countries, such as China, Norway, Denmark, Chile, United States, and Canada. The report covers all the countries mentioned above, complete analysis of past and future trends of import and their market value.
Fish Oil Exporting Countries Insights
In this report, we have covered top fish oil exporters, countries such as Peru, Norway, United States, Denmark, China, and Chile, with their complete analysis of market & value along with historical and forecast information.
Top Fish Oil Producing Countries
United States, Peru, Chile, China, Japan, Norway, Vietnam, Denmark, Iceland, India, Morocco, and Ecuador is the top fish oil producing countries in the global. The report has done a complete volume assessment with the historical figure and identified several factors for the growth forecast of all these countries. According to our study, all these countries produced more than 75 percent of fish oil volume across the globe.
Top Fish Species Insights, Anchovy Fish is a significant Species to Generate Fish Oil
This report studies all the fish species which are commonly used for fish oil. The key segments of the species are Anchovy, Sardines, Blue Whiting, Capelin, Menhaden, Norway Pout, Submit Eel, and Sprat.
Application Insights, Aquaculture has the maximum share
In this report, the fish oil market is classified according to application and use. Here the fish oil market is divided into three parts: Aquaculture, Direct Human Use, and Other. Further, aquaculture is classified into six sections: Cyprinids, Eels, Crustaceans, Marine Fish, Salmonids, and Tilapias.
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Major Fish Oil Producing Countries
1. Peru
2. USA
3. Chile
4. China
5. Japan
6. Norway
7. Vietnam
8. Denmark
9. Iceland
10. India
11. Morocco
12. Ecuador
Major Fish Oil Importing Countries
1. China
2. Norway
3. Denmark
4. Chile
5. Canada
6. United States
7. Others
Major Fish Oil Exporting Countries
1. Peru
2. Denmark
3. Norway
4. Chile
5. United States
6. China
7. Others
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