Fish Oil Market Growth Forecast 2030

The global fish oil 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.

The fish oil market's growth has been influenced by several factors:

Increasing Awareness of Health Benefits: Growing consumer awareness about the health benefits of omega-3 fatty acids, such as improving cardiovascular health and reducing the risk of chronic diseases, has been driving the demand for fish oil-based supplements.
Rising Demand for Functional Foods: Consumers are increasingly seeking out functional foods and dietary supplements that provide health benefits beyond basic nutrition. Fish oil is often incorporated into such products to enhance their nutritional value.
Growing Nutraceutical Industry: The nutraceutical industry, which focuses on products derived from food sources with potential health benefits, has contributed to the growth of the fish oil market. Fish oil is often used as an ingredient in nutraceutical products.
Expanding Aquaculture Industry: The expansion of the aquaculture industry has increased the availability of fish for oil extraction. This has helped stabilize the supply of fish oil, which is derived from the byproducts of fish processing.

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The global Fish Oil 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

Key Questions Addressed in the Report:

What are the dominating factors that are influencing the growth of the industry?
In the forecast period, which market segment is expected to rise the most?
What are the risks and challenges that the industry is facing?
In the coming years, which area is projected to dominate the market?
Who are the major players in the market? What kind of strategic business plans have they made?

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