Global Fish Oil Market Expected to Reach USD 3,300.0 million by 2020


11-jun-19 Global Fish Oil Market By Application (Aquaculture, Direct Human Consumption) Expected to Reach USD 3,300.0 Million by 2020
June 2014
The global market for fish oil demand is expected to show significant growth, following increasing human consumption, owing to rising health awareness and benefits provided by omega 3 fatty acids and other nutraceuticals. In addition, accelerating demand for aquaculture is further expected to fuel market growth for fish oil. Volatile fish oil prices, owing to static fish oil production, in contrast to the accelerating demand is expected to be a key challenge for market participants. Asia Pacific and Latin America are expected to be the fastest growing markets in term of demand due to increasing salmon farms in Chile and aquaculture of carps in China.

Aquaculture was the largest application segment, accounting for 772.4 kilo tons of fish oil demand in 2013 that is expected to reach 843.6 kilo tons in 2020, growing at a CAGR of 1.0% over next six years. It is expected to dominate the market share over the forecast period owing to increase in demand for species such as salmon, trout, carp, tilapias and marine fishes. Rapid expansion of aquaculture in Asia Pacific can be seen as a large market opportunity for growth of fish oil market. In addition, direct human consumption sector is further expected to show considerable growth at a CAGR of 1.6% from 2014 to 2020.

Further key findings from the study suggest:

  • Global fish oil demand was 1,090.0 kilo tons in 2013 and is expected to reach 1,200.0 kilo tons by 2020, growing at a CAGR of 1.12% from 2014 to 2020.
  • Salmon and trout was the largest application segment for aquaculture in fish oil, which accounted for about 66.91% of market share in 2013. The revenue was USD 854.7 million in 2013 and is expected to reach USD 1,498.7 million in 2020.
  • Europe was the largest regional market for fish oil accounting for 491.5 kilo tons of demand in 2013. High level of consumer awareness regarding the benefits of fish oil in terms of omega 3 proteins is the key factor responsible for high share.
  • Key participants in global fish oil market include EPAX AS, Croda Inc., Omega Protein Corporation and COPEINCA ASA.
  • For the purpose of this study, Grand View Research has segmented the global fish oil market on the basis of application and region:


 Fish Oil Application Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)

  • Aquaculture
  • Salmon & Trout
  • Marine Fish
  • Carp
  • Tilapias
  • Direct Human Consumption
  • Others


Fish Oil Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)

  • North America
  • Latin America 
  • Europe 
  • Asia Pacific 
  • RoW


Request a Sample Copy of This Report: https://www.radiantinsights.com/research/fish-oil-market-analysis-by-application-aquaculture-direct-human-consumption-and-segment-forecasts-to-2020/request-sample

 Table of Contents

Chapter 1 Executive Summary
1.1 Fish Oil - Industry Summary & Critical Success Factors (CSFs)

Chapter 2 Fish Oil Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Fish Oil Value Chain Analysis
2.3.1 Key Driver Analysis
2.3.1.1 Increased direct human consumption (DHC)
2.3.2 Key Restraint Analysis
2.3.2.1 Increasing fish oil prices
2.3.2.2 Static production against the growing demand for fish oil
2.4 Fish Oil Market Dynamics
2.5 Key Opportunities Prioritized

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