The current and future market trends help determine the overall attractiveness and identify the profitable areas of growth to gain a stronger foothold in the marketplace.
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Progressive Markets added a report, "Fish Oil Market - Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025", which says that the fish oil market is likely to grow at a significant CAGR over the years.
Fish oil is the oil extracted from various fishes such as sardines, menhaden, swordfish, sharks, tilefish, herring, albacore tuna, and more. It is a rich source of omega-3 fatty acids namely Eicosapentaenoic acid (EPA) and Docosahexaenoic acid (DHA).
The benefits offered by the oil are numerous. Fish oil regulates the level of cholesterol in the body, minimizes the risk of heart diseases and strokes, improves immunity, helps reduce symptoms of hypertension, depression, arthritis, attention deficit hyperactivity disorder (ADHD), joint pain, and chronic skin ailments.
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There are some common side effects of fish oil such as stomach upset, indigestion and heartburn. However, these side effects occur rarely as the toxins in these fishes are filtered by employing advanced techniques.
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Market Drivers and Restraints
The market for fish oil is on a growing spree. Factors such as an upsurge in the aquaculture industry and growing health awareness among consumers drive the overall market.
Moreover, the production from byproducts of fish oil provide opportunities for market growth. Nonetheless, changing climatic conditions, a gap in the demand and supply, and strict government regulations cause hindrance to the market growth.
Fish Oil Market Key Segmentation:
The report presents a detailed segmentation of the fish oil market based on species type, application, and geography. By species type, the fish oil market is classified into anchovy, mackerel, sardines, cod, herring, menhaden, and others.
Based on the application, the market is fragmented into aquaculture, animal nutrition & pet food, pharmaceuticals, supplements and functional food, and others. The aquaculture segment is further divided into salmon & trout, marine fish, crustaceans, tilapias, eles, cyprinids, and others.
Based on geography, the report studies the fish oil industry across regions such as Asia-Pacific, North America, Europe, and LAMEA. In Asia-Pacific, the market covers the regions such as Indonesia, Vietnam, Japan, Australia, China, and the other parts of Asia-Pacific.
In North America, the market covers regions such as the U.S., Canada, and Mexico. In Europe, the fish oil industry covers the regions such as Denmark, Norway, Belgium, and the other parts of Europe.
In LAMEA, the market covers regions such as Peru, Chile, and the other parts of LAMEA.
Fish Oil Industry Players
The emerging market players participating in the global fish oil market include Omega Protein Corporation, FMC Corporation, Copeinca ASA, Corpesca S.A., Colpex International, TripleNine Group A/S, FF Skagen A/S, Pesquera Diamante S.A., Marvesa Holding N.V., and TASA.
The study provides a detailed analysis of the global fish oil market. It includes the fish oil market size, fish oil market share analysis from 2014 to 2025, factors impacting the market growth, industry segmentation, key market players, Porter's Five Forces analysis, current and future market trends, research methodology, and scope and definitions.
The information provided in the report is a result of an extensive primary and secondary research and opinions from industry experts. The market drivers and restraints, which affect the demand and supply of the market, help new entrants, players and investors plan their business goals and strategies.
The Porter's Five Forces analysis helps understand the competitive landscape of the fish oil market. Market estimations and forecast are provided from the year 2017 to 2025 for each segment and region.
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The historical market size from 2014 to 2016 is also provided for every segment and sub-segment. Quantitative analysis of the market is provided to showcase the financial caliber of the fish oil market.
The geographical analysis helps in thorough understanding about the consumption of fish oil in major countries. The report highlights the emerging players participating in the market who adopt marketing strategies to expand their product portfolios and market reach.
This helps identify the profitable industries and investment areas in the market to capitalize on.
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